Donald Porter, 83, Chairman and Co-founder of Porter Capital Corporation, passed away on August 31, 2022. A private family service will be held. Donald, with his brother, Marc Porter, founded Porter Capital Corporation, a secured lender, in 1991, with Donald managing the New York operations and Marc overseeing the office in Alabama. Donald returned to Alabama in 2012 and was active in the office until 2020. He continued to be involved in the corporate direction, as Chairman of the Board, until his death.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Jesse Nichols has joined the firm’s global Technology Group as a Managing Director covering the digital infrastructure sector. He is based in Boston.

Huntington Business Credit announced it closed a $35,000,000 new credit facility with Sports Endeavors, Inc. on August 18, 2022. Sports Endeavors, Inc. is a new portfolio investment for Seawall Capital LLC, a private equity investment firm located in Austin, Texas. Proceeds of the facility were used to finance the acquisition and provide ongoing working capital growth financing.

PWCC Marketplace, LLC—the leader in the trading card investment market—together with affiliates PWCC Services, LLC and PWCC Vault, LLC (collectively, "PWCC"), has established a $175 million asset-based credit facility (the "Financing") led by WhiteHawk Capital Partners, LP as sole lead arranger and book runner and Wingspire Capital LLC serving as revolver agent. D.A. Davidson & Co. served as exclusive financial adviser to PWCC for the Financing.

SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to Path Medical, LLC and its parent company, Path Medical Center Holdings, Inc. (collectively, “Path” or the “Company”) in the sale of substantially all of its assets to an affiliate of Physicians Group, LLC (“Physicians Group”). The sale was effectuated through a Section 363 sale process pursuant to a confirmed Chapter 11 Plan of Reorganization in the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division.

Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund") announced today that the Fund has entered into a new $40 million revolving credit facility (“Facility”), increasing and replacing a prior $35 million facility. The Fund has an accordion feature to increase to $75 million if mutually agreed by the Fund and Facility provider.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced the expansion of its Phoenix-based middle market banking team with the addition of five new members to support its rapid growth in serving mid-size companies across Arizona.

Citizens announced today that it has provided a $100 million asset-based lending credit facility to Madawaska, Maine-based Twin Rivers Paper Company. Citizens is Lead Arranger and Administrative Agent. Twin Rivers is an integrated paper company that produces packaging, label, kraft, publishing, and technical specialty papers as well as dimensional lumber. The funds will be used to refinance existing debt and for working capital.

CIBC Innovation Banking is pleased to announce it has provided $40 million of debt financing to Huntress, a managed cybersecurity platform for small and mid-sized businesses (SMBs). Huntress plans to use the financing for M&A opportunities, research, product development, and expansion into international markets across Canada, the UK, Europe, Australia and New Zealand.

The client contacted Sallyport directly as they were struggling with their receivables collections and needed to utilize its expertise in accounts receivable management while using the influx of working capital to cover their payroll expenses. Now that they have the support of a complementary financial partner, they will concentrate on expanding their US business.

Business conditions in the American real economy imply no recession in the third quarter as the middle market remains on a path for growth, even as the market grapples with elevated inflation.

PlainsCapital Bank is pleased to announce that Amy Petrilla has joined its Fort Worth Commercial Lending Group as Executive Vice President at the Fort Worth - Camp Bowie location. Amy has spent almost the entirety of her more than 33 years of Banking serving the Fort Worth market with an extensive background in credit and almost twenty years in Commercial and Commercial Real Estate lending.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support ASG II’s acquisition of Hotel Effectiveness. ASG II is an existing portfolio company of Alpine Investors.

CIT, a division of First Citizens Bank, today announced that its Asset-Based Lending business provided $10 million in financing to Blue Sky Specialty Pharmacy. Based in Charleston, South Carolina, Blue Sky Specialty Pharmacy uses technology to accelerate the prescription process for patients, physicians, payers and pharmaceutical manufacturers by meeting their unique needs and providing transparent access to necessary medications.

Bank of the West, part of BNP Paribas Group, today announced that it led the financing for the acquisition of A to Z Wineworks by Ste. Michelle Wine Estates, owned by private equity firm Sycamore Partners. BNP Paribas acted as the exclusive financial advisor to A to Z Wineworks and worked closely with Bank of the West on the deal.

FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Corporate Finance & Restructuring segment in Japan with the appointment of transactions expert Kenneth Smith as a Senior Managing Director in Tokyo. The addition of the Corporate Finance & Restructuring segment in Japan bolsters the firm’s existing capabilities in Strategic Communications and Technology.

Maguire will continue to serve as a member of Truist's executive leadership team reporting to Chairman and Chief Executive Officer Bill Rogers and will oversee accounting, tax, treasury, financial planning and analysis, investor relations and other responsibilities from the bank's Charlotte, North Carolina, headquarters.

Global real estate investment bank Eastdil Secured, L.L.C., and national advisory firm A&G Real Estate Partners have been engaged as exclusive advisors to market The Williamsburg Hotel, a 147-room luxury lifestyle hotel in the heart of Brooklyn’s thriving Williamsburg neighborhood.

CIT Commercial Services, a subsidiary of First Citizens Bank, has welcomed Mike Earnhart as senior vice president and regional sales manager, based in Los Angeles. Earnhart is responsible for leading a team of sales executives in overseeing and growing new business while introducing new products for commercial services in the Western region.

GTCR, a leading private equity firm, announced today that Don McDonough has joined the firm as Managing Director, Business Development. In this role, he will lead business development efforts for the firm's Strategic Growth Fund and work with members of the GTCR investment teams to identify and develop investment opportunities for the fund.