• Gold Royalty Announces Two-Year Extension To Secured Revolving Credit Facility Of Up To $25 Million
    September 19, 2022
    Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has extended the maturity date of its existing US$25 million secured revolving credit facility with Bank of Montreal to March 31, 2025. The extended credit facility consists of a US$10 million secured revolving credit facility (the "Facility"), with an accordion feature providing for an additional US$15 million of availability (the "Accordion").
  • Stifel Appoints Jonathan Knepper and Edward Osswalt as Managing Directors in Fixed Income Capital Markets Group
    September 19, 2022
    Stifel Financial Corp. (NYSE: SF) today announced the rehiring of Jonathan Knepper and Edward (E.J.) Osswalt as Managing Directors in the firm’s Fixed Income Capital Markets Group. In their new roles, Mr. Knepper will focus on high yield and distressed sales, while Mr. Osswalt is responsible for Stifel’s crossover trading, which includes credits moving between high yield and investment grade ratings. They are both based in the firm’s New York City office.
  • High Tide Closes $19 Million Non-Dilutive Credit Facility with connectFirst Credit Union
    September 19, 2022
    High Tide Inc. ("High Tide" or the "Company") ( Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that, further to its press release dated August 18, 2022, it has closed a $19 million senior secured credit facility (the "Credit Facility") with connectFirst Credit Union Ltd. ("connectFirst"), with an initial 5-year term, at connectFirst's floor interest rate.
  • U.S. Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement
    September 19, 2022
    U.S. Bancorp (NYSE: USB) (“U.S. Bank”) and Mitsubishi UFJ Financial Group (NYSE: MUFG) (“MUFG”) have mutually agreed to exercise their right under the purchase agreement for U.S. Bank’s acquisition of MUFG Union Bank’s core regional banking franchise to extend the outside termination date from September 30, 2022 to December 31, 2022.
  • Water Street Appoints Vice President of Debt Capital Markets
    September 19, 2022
    Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, announced today that it has appointed Ryan Pavlik as vice president of debt capital markets. Mr. Pavlik is the newest addition to Water Street's team as the firm expands its resources to support its growing group of companies specializing in health care services and technology, medical products and diagnostics, and pharmaceuticals and life sciences.
  • King Trade Capital Completes a $5 Million Purchase Order Facility for a West Coast Based HVAC Equipment Supplier
    September 19, 2022
    King Trade Capital (“KTC”) is pleased to announce the completion of a $5 million purchase order finance facility for a California based HVAC equipment supplier. King Trade Capital was introduced to the HVAC company by its factoring company, one which KTC has a longstanding relationship.
  • Mercer International Inc. Announces Completion of a New €300 Million Sustainability-Linked Term Revolving Credit Facility
    September 19, 2022
    Mercer International Inc., or "Mercer", (Nasdaq: MERC) today announced that it has successfully entered into a new €300 million revolving credit facility for its German subsidiaries with a syndicate of European banks (the "New Facility"). The New Facility has a five year term, is unsecured and accrues interest at a rate of Euribor plus a stipulated margin.
  • SVB Financial Group Appoints Thomas King to its Board of Directors
    September 19, 2022
    SVB Financial Group (SVB), the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced the appointment of Thomas King, former Chief Executive Officer of Investment Banking at Barclays, to its board of directors, effective September 13, 2022. King will also serve on the board's Compensation and Human Capital Committee.
  • Fundamental Renewables Secures $400 Million Credit Facility
    September 19, 2022
    Fundamental Renewables, an established provider of financing for solar and other renewable energy projects, today announced that it has secured a $400 million credit facility. Delaware Life Insurance Company ("Delaware Life"), a Group 1001 company, acted as the arranger of the facility and is a lead lender. Other lenders include CDPQ American Fixed Income V Inc., a wholly-owned subsidiary of CDPQ, and East West Bank. Fundamental Renewables is the clean energy investment arm of Fundamental Advisors ("Fundamental").
  • Greenbacker Secures $186 Million Credit Agreement with KeyBank and Fifth Third Bank
    September 19, 2022
    Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading green energy investment company and independent power producer, has entered into a senior credit agreement of $186.2 million with KeyBank N.A. and Fifth Third Bank. KeyBank served as administrative agent for the lenders, and KeyBanc Capital Markets and Fifth Third Bank, National Association served as joint lead arrangers.
  • BRT Apartments Corp. Expands Financial Flexibility With Amended Credit Facility
    September 19, 2022
    BRT Apartments Corp. (NYSE:BRT) entered into an amended credit facility which increases to up to a total of $60 million the amount available to be borrowed for the acquisition of, and repayment of mortgage debt on, multi-family properties, increases the amount available to be borrowed for operating expenses to $25 million, and extends the term of the facility to September 2025. The financing is lead by VNB New York, LLC, an affiliate of Valley National Bank.
  • Oportun Closes Four-Year $150 Million Senior Secured Term Loan
    September 19, 2022
    Oportun Financial Corporation (Nasdaq: OPRT) (the “Company” or “Oportun”), a mission-driven fintech and digital banking platform, today announced that it has closed a $150 million senior secured term loan due in 2026 from funds managed or sub-advised by Neuberger Berman Specialty Finance.
  • Fidelis Cybersecurity Secures Significant Additional Growth Investment From Runway Growth Capital and Skyview Capital
    September 19, 2022
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, and Skyview Capital, LLC ("Skyview"), a global private investment firm specializing in the acquisition and management of mission critical enterprises in technology, telecommunications, business services and manufacturing, announced today a significant growth investment in Fidelis Cybersecurity ("Fidelis").
  • CIBC Innovation Banking Provides $60 Million Debt Financing to TransMedics Group Inc.
    September 19, 2022
    CIBC Innovation Banking is pleased to announce a new debt financing for Massachusetts-based TransMedics Group, Inc. ("TransMedics"), a market leading medical technology company that focuses on organ transplant therapy for patients with end-stage lung, heart and liver failure. TransMedics plans to use the incremental growth capital to accelerate its commercial momentum, helping to grow transplant volume and improve clinical outcomes.
  • Jennifer A. Lewellyn Joins Tiger Group as Associate Director of Retail Operations
    September 19, 2022
    Jennifer A. Lewellyn, a 22-year retail veteran with experience in both managing healthy stores and liquidating underperforming locations, has joined Tiger Group as Associate Director of Retail Operations. Based in Pittsburgh, Lewellyn will provide operational input and data to Tiger’s retail dealmaker team during the due-diligence phase. She will work on special projects, write appraisal reports and provide on-site leadership and executive representation.
  • Inflation Eases For Some Small Businesses But Remains A Serious Problem
    September 15, 2022
    The NFIB Small Business Optimism Index rose 1.9 points in August to 91.8, marking the eighth consecutive month below the 48-year average of 98 but reversing some of the declines in the first half of the year. Twenty-nine percent of owners reported that inflation was their single most important problem in operating their business, a decrease of eight points from July’s highest reading since the fourth quarter of 1979.
  • CubicFarm Systems Corp. Announces $6.25 Million Senior Secured Term Loan
    September 15, 2022
    CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, today announced that it has entered into a binding term sheet (the "Term Sheet") for a senior secured revolving term loan (the "Term Loan") to support its business operations.
  • Cascadia Capital Accelerates Growth with Strategic Investment from Atlas Merchant Capital
    September 15, 2022
    Cascadia Capital, one of the nation's most active independent middle-market investment banks, has reached a definitive agreement to secure a strategic growth equity investment from an investment fund affiliated with Atlas Merchant Capital LLC. With the additional resources from the investment and the Atlas team's support, Cascadia will continue its geographic, product, team, multi-industry and sponsor coverage growth nationwide.
  • Prestige Capital Extends $3,000,000 to Expand Education Programming to the Youth of Greater Philadelphia
    September 15, 2022
    A Philadelphia-based nonprofit organization offering education programming throughout Greater Philadelphia since 1992 was in the market for a new funding source. Their most recent source of funding went through financial difficulties of its own and was purchased by another lender that didn’t feel comfortable working with nonprofit clients.
  • A Summer of Growth: Assembled Brands Welcomes 9 New Brands, Facilities Totaling Over $27MM
    September 15, 2022
    Assembled Brands is pleased to announce $27 million in new facilities during the summer months of 2022. Dispersed to emerging consumer goods brands from various industries, the funds support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses face in a tumultuous market this year.
  • Gold Royalty Announces Two-Year Extension To Secured Revolving Credit Facility Of Up To $25 Million
    September 19, 2022
    Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has extended the maturity date of its existing US$25 million secured revolving credit facility with Bank of Montreal to March 31, 2025. The extended credit facility consists of a US$10 million secured revolving credit facility (the "Facility"), with an accordion feature providing for an additional US$15 million of availability (the "Accordion").
  • Stifel Appoints Jonathan Knepper and Edward Osswalt as Managing Directors in Fixed Income Capital Markets Group
    September 19, 2022
    Stifel Financial Corp. (NYSE: SF) today announced the rehiring of Jonathan Knepper and Edward (E.J.) Osswalt as Managing Directors in the firm’s Fixed Income Capital Markets Group. In their new roles, Mr. Knepper will focus on high yield and distressed sales, while Mr. Osswalt is responsible for Stifel’s crossover trading, which includes credits moving between high yield and investment grade ratings. They are both based in the firm’s New York City office.
  • High Tide Closes $19 Million Non-Dilutive Credit Facility with connectFirst Credit Union
    September 19, 2022
    High Tide Inc. ("High Tide" or the "Company") ( Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that, further to its press release dated August 18, 2022, it has closed a $19 million senior secured credit facility (the "Credit Facility") with connectFirst Credit Union Ltd. ("connectFirst"), with an initial 5-year term, at connectFirst's floor interest rate.
  • U.S. Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement
    September 19, 2022
    U.S. Bancorp (NYSE: USB) (“U.S. Bank”) and Mitsubishi UFJ Financial Group (NYSE: MUFG) (“MUFG”) have mutually agreed to exercise their right under the purchase agreement for U.S. Bank’s acquisition of MUFG Union Bank’s core regional banking franchise to extend the outside termination date from September 30, 2022 to December 31, 2022.
  • Water Street Appoints Vice President of Debt Capital Markets
    September 19, 2022
    Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, announced today that it has appointed Ryan Pavlik as vice president of debt capital markets. Mr. Pavlik is the newest addition to Water Street's team as the firm expands its resources to support its growing group of companies specializing in health care services and technology, medical products and diagnostics, and pharmaceuticals and life sciences.
  • King Trade Capital Completes a $5 Million Purchase Order Facility for a West Coast Based HVAC Equipment Supplier
    September 19, 2022
    King Trade Capital (“KTC”) is pleased to announce the completion of a $5 million purchase order finance facility for a California based HVAC equipment supplier. King Trade Capital was introduced to the HVAC company by its factoring company, one which KTC has a longstanding relationship.
  • Mercer International Inc. Announces Completion of a New €300 Million Sustainability-Linked Term Revolving Credit Facility
    September 19, 2022
    Mercer International Inc., or "Mercer", (Nasdaq: MERC) today announced that it has successfully entered into a new €300 million revolving credit facility for its German subsidiaries with a syndicate of European banks (the "New Facility"). The New Facility has a five year term, is unsecured and accrues interest at a rate of Euribor plus a stipulated margin.
  • SVB Financial Group Appoints Thomas King to its Board of Directors
    September 19, 2022
    SVB Financial Group (SVB), the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced the appointment of Thomas King, former Chief Executive Officer of Investment Banking at Barclays, to its board of directors, effective September 13, 2022. King will also serve on the board's Compensation and Human Capital Committee.
  • Fundamental Renewables Secures $400 Million Credit Facility
    September 19, 2022
    Fundamental Renewables, an established provider of financing for solar and other renewable energy projects, today announced that it has secured a $400 million credit facility. Delaware Life Insurance Company ("Delaware Life"), a Group 1001 company, acted as the arranger of the facility and is a lead lender. Other lenders include CDPQ American Fixed Income V Inc., a wholly-owned subsidiary of CDPQ, and East West Bank. Fundamental Renewables is the clean energy investment arm of Fundamental Advisors ("Fundamental").
  • Greenbacker Secures $186 Million Credit Agreement with KeyBank and Fifth Third Bank
    September 19, 2022
    Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading green energy investment company and independent power producer, has entered into a senior credit agreement of $186.2 million with KeyBank N.A. and Fifth Third Bank. KeyBank served as administrative agent for the lenders, and KeyBanc Capital Markets and Fifth Third Bank, National Association served as joint lead arrangers.
  • BRT Apartments Corp. Expands Financial Flexibility With Amended Credit Facility
    September 19, 2022
    BRT Apartments Corp. (NYSE:BRT) entered into an amended credit facility which increases to up to a total of $60 million the amount available to be borrowed for the acquisition of, and repayment of mortgage debt on, multi-family properties, increases the amount available to be borrowed for operating expenses to $25 million, and extends the term of the facility to September 2025. The financing is lead by VNB New York, LLC, an affiliate of Valley National Bank.
  • Oportun Closes Four-Year $150 Million Senior Secured Term Loan
    September 19, 2022
    Oportun Financial Corporation (Nasdaq: OPRT) (the “Company” or “Oportun”), a mission-driven fintech and digital banking platform, today announced that it has closed a $150 million senior secured term loan due in 2026 from funds managed or sub-advised by Neuberger Berman Specialty Finance.
  • Fidelis Cybersecurity Secures Significant Additional Growth Investment From Runway Growth Capital and Skyview Capital
    September 19, 2022
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, and Skyview Capital, LLC ("Skyview"), a global private investment firm specializing in the acquisition and management of mission critical enterprises in technology, telecommunications, business services and manufacturing, announced today a significant growth investment in Fidelis Cybersecurity ("Fidelis").
  • CIBC Innovation Banking Provides $60 Million Debt Financing to TransMedics Group Inc.
    September 19, 2022
    CIBC Innovation Banking is pleased to announce a new debt financing for Massachusetts-based TransMedics Group, Inc. ("TransMedics"), a market leading medical technology company that focuses on organ transplant therapy for patients with end-stage lung, heart and liver failure. TransMedics plans to use the incremental growth capital to accelerate its commercial momentum, helping to grow transplant volume and improve clinical outcomes.
  • Jennifer A. Lewellyn Joins Tiger Group as Associate Director of Retail Operations
    September 19, 2022
    Jennifer A. Lewellyn, a 22-year retail veteran with experience in both managing healthy stores and liquidating underperforming locations, has joined Tiger Group as Associate Director of Retail Operations. Based in Pittsburgh, Lewellyn will provide operational input and data to Tiger’s retail dealmaker team during the due-diligence phase. She will work on special projects, write appraisal reports and provide on-site leadership and executive representation.
  • Inflation Eases For Some Small Businesses But Remains A Serious Problem
    September 15, 2022
    The NFIB Small Business Optimism Index rose 1.9 points in August to 91.8, marking the eighth consecutive month below the 48-year average of 98 but reversing some of the declines in the first half of the year. Twenty-nine percent of owners reported that inflation was their single most important problem in operating their business, a decrease of eight points from July’s highest reading since the fourth quarter of 1979.
  • CubicFarm Systems Corp. Announces $6.25 Million Senior Secured Term Loan
    September 15, 2022
    CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, today announced that it has entered into a binding term sheet (the "Term Sheet") for a senior secured revolving term loan (the "Term Loan") to support its business operations.
  • Cascadia Capital Accelerates Growth with Strategic Investment from Atlas Merchant Capital
    September 15, 2022
    Cascadia Capital, one of the nation's most active independent middle-market investment banks, has reached a definitive agreement to secure a strategic growth equity investment from an investment fund affiliated with Atlas Merchant Capital LLC. With the additional resources from the investment and the Atlas team's support, Cascadia will continue its geographic, product, team, multi-industry and sponsor coverage growth nationwide.
  • Prestige Capital Extends $3,000,000 to Expand Education Programming to the Youth of Greater Philadelphia
    September 15, 2022
    A Philadelphia-based nonprofit organization offering education programming throughout Greater Philadelphia since 1992 was in the market for a new funding source. Their most recent source of funding went through financial difficulties of its own and was purchased by another lender that didn’t feel comfortable working with nonprofit clients.
  • A Summer of Growth: Assembled Brands Welcomes 9 New Brands, Facilities Totaling Over $27MM
    September 15, 2022
    Assembled Brands is pleased to announce $27 million in new facilities during the summer months of 2022. Dispersed to emerging consumer goods brands from various industries, the funds support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses face in a tumultuous market this year.