Standard Chartered Bank (the "Bank") today announced the hiring of Roy Kuruvilla as a managing director for its leveraged and acquisition finance platform in the Americas. In his role, Roy is responsible for developing the Bank’s leveraged and acquisition finance business strategy for the region and ensuring the consistency and effectiveness of offering relevant credit market solutions and products to clients.

BDO Consulting Group, LLC has promoted Nick Welch to managing director in the firm’s Business Restructuring and Turnaround Services practice. Nick is based in Miami, Florida and covers the Southeast regional market. A seasoned financial advisor, Nick has more than 20 years of experience in professional services and has spent the last decade advising private equity groups, lenders, and management teams on debt and operational restructuring strategies as well as interim management and transaction services.

Mark Wade has been named CEO for Bank of Texas as of Jan. 1, 2023. Wade will assume the role as long-time CEO Norm Bagwell transitions into a new part-time role after leading the Texas bank for more than 15 years.

Saks.com LLC (“Saks”), the premier luxury ecommerce platform, announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A. increasing borrowing capacity from $350 million to $450 million.

InterNex Capital provided a $2.5 million revolving line of credit to a 15-year-old digital production and advertising sales company based in New York, specializing in full-service studio production and content creation.

TradeCap Partners recently closed a $2MM purchase order finance facility for a food ingredient supply company in the Western US. The facility will be used to support distribution of bulk and specialty products domestically and internationally.

GTCR, a leading private equity firm, announced today the formation of its Portfolio Resources Group (PRG). PRG will be comprised of experienced functional leaders who can bring expertise, intellectual capital, vendor relationships and best practices in defined areas to support GTCR's investment teams and portfolio company leadership. The members of GTCR's Portfolio Resources Group are expected to bring enhanced capabilities and resources to aid in management's value creation plans.

Koalafi, a fast-growing consumer financing provider committed to providing innovative pay-over-time options to customers from all credit backgrounds, announced today the signing of a multi-million secured debt facility from Forbright Bank. This facility helps Koalafi rapidly scale and expand loan originations to a broader range of consumers through its first-in-kind, single financing solution, which launched nationwide last year.

Caltius Structured Capital is pleased to announce the closing of a subordinated term loan with Michigan-based Virginia Tile Company, LLC, which is majority owned by Harren Equity Partners, a middle market private equity fund based in Charlottesville, VA. The financing will be used to support the continued growth and expansion of the Company.

Slate Asset Management (“Slate”), a global alternative investment platform focused on real estate and infrastructure, announced today that Slate Real Estate Capital, the private credit business of Slate, has provided a $147.0 million senior loan facility to Prime Group for the refinancing of three Class A self storage assets (the “Assets”) located in New York City.

Magnifi Financial, a full-service community credit union offering retail and commercial banking and wealth management services, announced it has launched Ultum Group, a new credit union service organization (CUSO). The CUSO provides premiere end-to-end commercial and Small Business Administration (SBA) lending services to financial institutions in Minnesota and throughout the United States.

Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Ted Cavan as Managing Director, Technology.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Premiere Digital Services (“PDS”), a portfolio company of Clarion Capital Partners.

Sallyport Commercial Finance, LLC is thrilled to announce the promotion of Damon Dickens, CFA to executive vice president at Sallyport Commercial Finance, LLC. As SVP of underwriting, over the last five years, Damon has been an intrinsic part of Sallyport’s Growth and success in delivering tailored cashflow solutions for its entrepreneurs.

Sallyport Commercial Finance, LLC is delighted to announce that Calum Williamson has accepted the role of North America sales manager and will also continue as managing director of Sallyport’s Canadian Business.

CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane market region.

Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on August 11, 2022, the Company amended its credit agreement to expand its existing senior secured credit facility to $925 million from $700 million. The expanded credit facility is comprised of a $775 million revolving credit facility and a $150 million term loan.

SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the company has entered into a revolving credit facility and launched a website that allows investors to track the current value of the company's marketable securities portfolio.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Asset-Based Lending team provided a revolving line of credit to Crave Better Foods, LLC, a provider of premium ice cream cookie sandwiches and frozen novelties located in Stamford, CT.

Briar was first introduced to the company by multiple asset-based lenders considering a refinance of the working capital assets. While the ABL’s determined the working capital LOC need was not a fit for them, the responsibility fell to Briar to generate the liquidity from the companies owner-occupied real estate. Using an aggressive LTV, Briar was able to unlock the equity in the property while structuring a loan facility with a cash flow friendly, long-term amortization to provide them with the working capital they needed.