• Winston & Strawn Represents Koppers, Inc.
    July 14, 2022
    Winston & Strawn represented Koppers, Inc., as borrower, in connection with a $800 million revolving credit facility agented by PNC Bank, National Association. Koppers Inc., a subsidiary of the public company Koppers Holdings Inc, produces carbon compounds and treated wood products for a variety of industries.
  • Resolute Capital Partners Announces Close of Fifth Fund at $405 Million
    July 14, 2022
    Resolute Capital Partners (“RCP”), a private investment firm focused on providing structured capital solutions to lower middle market businesses, today announced the close of Resolute Capital Partners Fund V (“RCP V”) at $405 million in aggregate capital commitments. The funding includes assumed leverage accessible through RCP’s licensure by the United States Small Business Administration (“SBA”) as a Small Business Investment Company (“SBIC”).
  • Bluevine Announces its Next-gen Brand Identity, Reflecting the Company's Growth and Evolution
    July 14, 2022
    Bluevine, the leading provider of holistic banking solutions designed for small businesses, today announced a new brand identity, reflecting the company's next era of its commitment to grow and evolve its services alongside the changing needs of small business owners. Bluevine's new logo, symbol, color palette, and typeface reflect its modern, technology-forward, empathetic approach driven by its purpose of advocating for, understanding, and serving small businesses.
  • Main Street Announces Follow-On Investments, Invests $19.5 Million in Three Existing Portfolio Companies
    July 14, 2022
    Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently invested a total of $19.5 million in three existing lower middle market portfolio companies, PPL RVs, Inc. ("PPL"), Centre Technologies Holdings, LLC ("Centre") and Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners, P.C. ("Heritage").
  • City National Bank Expands Commercial Banking Operations on the East Coast
    July 14, 2022
    City National Bank has grown its Commercial Banking presence on the East Coast with the addition of nearly a dozen new bankers and now offers commercial, institutional, and nonprofit banking services throughout the region with an expanded focus on upstate New York, the mid-Atlantic and Southeast.
  • Republic Business Credit Hires Mary Carrillo as Vice President, Customer Credit Manager
    July 14, 2022
    Republic Business Credit is proud to announce that Mary Carrillo has joined as Vice President, Customer Credit Manager, in its Los Angeles office. Mary brings significant industry expertise to Republic’s ambitious growth plans. Leading the customer credit department and its critical role in assessing customer credit risk across the business with a specific focus on apparel, textile, consumer packaged goods, furniture, and fashion industries, Mary will report directly to Republic’s Chief Operating Officer and Board Member, Matthew Begley.
  • Avarez & Marsal Continues To Grow Its Global Transaction Advisory Group With Senior Appointment
    July 14, 2022
    Manish Gupta joins A&M’s Global Transaction Advisory Group as a Managing Director with more than two decades of cross-border transaction and transformation experience
  • KKR Closes $2.1 Billion Asset-Based Finance Fund
    July 14, 2022
    KKR, a leading global investment firm, today announced the final close of KKR Asset-Based Finance Partners (“ABFP” or the “Fund”), KKR’s first fund dedicated to asset-based finance investments “ABF.” The approximately $2.1 billion fund will commit capital globally to privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, with attractive risk-adjusted returns.
  • Gordon Brothers Partners to Acquire Mesa Vineyards’ Assets for Online Public Auction
    July 14, 2022
    Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with New Mill Capital and Onyx Asset Advisors to acquire Mesa Vineyards’ assets for resale through an orderly sale and an online public auction in August.
  • Mountain Ridge Capital Selects Solifi ABL to Accelerate Growth
    July 14, 2022
    Solifi™, a global fintech software partner for secured finance, announced that Mountain Ridge Capital (MRC) selected and recently deployed Solifi’s asset-based lending (ABL) software solution. A start-up ABL independent with seasoned finance executives and rapid growth projections, MRC is partnering with Solifi because of its technology platform, industry knowledge, fast implementation, and the ability to scale in line with their growth targets.
  • Stonebriar Commercial Finance Funds $77 Million Purchase and TRAC Leaseback
    July 13, 2022
    Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $77 million TRAC lease with a premier long-haul waste transportation provider serving a broad range of commercial waste management companies. The lease refinanced their entire fleet of tractors, trailers, and other related equipment.
  • InterNex Capital Provides $3.5 Million Facility to Management Firm
    July 13, 2022
    InterNex Capital announced it provided a $3.5 million line of credit to an 18-year-old management company focused on remodeling and renovating multifamily homes. The company sought a more flexible lending partner as incumbent bank lender constrained liquidity with excess covenants and restricted eligibility.
  • STEP Energy Amends and Extends Credit Facility
    July 13, 2022
    STEP Energy Services Ltd. (TSX:STEP) (“STEP” or the “Company”) is pleased to provide an update on its credit agreement. STEP has entered into an agreement with a syndicate of Canadian banks which amends and extends its credit agreement.
  • Service 1st Financial Secures Credit Facility from Sustainability Focused Lender, Forbright Bank
    July 13, 2022
    Service 1st Financial, LLC ("Service 1st" or the "Company") announced today that Forbright Bank ("Forbright") has provided a senior debt facility to support continued growth of the Company's Premier Program®. The Premier Program is a worry-free service for homeowners to replace and upgrade their heating, cooling, plumbing, and back-up power systems for a low monthly payment, while eliminating the common pain points associated with owning, maintaining, and repairing such systems.
  • TAB Bank Provides Refueling Equipment Manufacturer in Kansas with a $2 Million Asset-Based Credit Facility
    July 13, 2022
    TAB Bank is pleased to announce it has provided a refueling equipment manufacturer in Kansas with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • Sound Point Capital Provides Financing to Dura Automotive
    July 13, 2022
    Sound Point Capital Management (“Sound Point”) is pleased to announce that it provided an Accounts Receivable Facility for Dura Automotive (“Dura” or the “Company”), a global designer and manufacturer of highly engineered automotive systems and portfolio company of MiddleGround Capital (“MiddleGround” or the “Sponsor”).
  • Runway Growth Capital LLC Announces New Senior Origination Hire to Expand its Technology Pipeline
    July 13, 2022
    Runway Growth Capital LLC announced today that it has hired Jeff Goldrich as Managing Director, Technology. Goldrich's experience covers dozens of relationships across a range of company sizes ($1MM-100M+ of revenue); stages (early development, growth, and mature); industry verticals (FinTech, Healthcare IT, PropTech, and MarTech, among others); ownership structures (bootstrapped, family office owned, and VC and PE-backed); and transaction types (growth capital, working capital, M&A, and recaps, among others)
  • VSS Capital Partners Appoints W. Preston Hutchings as Senior Advisor
    July 13, 2022
    VSS Capital Partners (“VSS”), a private investment firm investing in healthcare, business services and education, today announced the addition of W. Preston Hutchings as Senior Advisor. Leveraging his three decades of senior insurance, investment management and executive leadership experience, Mr. Hutchings will provide strategic guidance and work closely with VSS’s team in this role.
  • Horizon Technology Finance and Trinity Capital Provide Additional $20 Million Venture Loan to Nexii
    July 13, 2022
    Horizon Technology Finance Corporation, a leading specialty finance company along with lending partner Trinity Capital Inc., a leading provider of debt and equipment financing to growth stage companies, announced today that they provided an additional $20 million venture loan to Nexii Building Solutions Inc., a green construction company that designs and manufactures low carbon buildings and products.
  • Golub Capital BDC, Inc. Announces $449.6 Million In New Middle-Market Originations for Its Fiscal Year 2022 Third Quarter
    July 13, 2022
    Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $449.6 million in new middle-market investment commitments during the three months ended June 30, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 2% were senior secured loans and 5% were equity and other securities.
  • Winston & Strawn Represents Koppers, Inc.
    July 14, 2022
    Winston & Strawn represented Koppers, Inc., as borrower, in connection with a $800 million revolving credit facility agented by PNC Bank, National Association. Koppers Inc., a subsidiary of the public company Koppers Holdings Inc, produces carbon compounds and treated wood products for a variety of industries.
  • Resolute Capital Partners Announces Close of Fifth Fund at $405 Million
    July 14, 2022
    Resolute Capital Partners (“RCP”), a private investment firm focused on providing structured capital solutions to lower middle market businesses, today announced the close of Resolute Capital Partners Fund V (“RCP V”) at $405 million in aggregate capital commitments. The funding includes assumed leverage accessible through RCP’s licensure by the United States Small Business Administration (“SBA”) as a Small Business Investment Company (“SBIC”).
  • Bluevine Announces its Next-gen Brand Identity, Reflecting the Company's Growth and Evolution
    July 14, 2022
    Bluevine, the leading provider of holistic banking solutions designed for small businesses, today announced a new brand identity, reflecting the company's next era of its commitment to grow and evolve its services alongside the changing needs of small business owners. Bluevine's new logo, symbol, color palette, and typeface reflect its modern, technology-forward, empathetic approach driven by its purpose of advocating for, understanding, and serving small businesses.
  • Main Street Announces Follow-On Investments, Invests $19.5 Million in Three Existing Portfolio Companies
    July 14, 2022
    Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently invested a total of $19.5 million in three existing lower middle market portfolio companies, PPL RVs, Inc. ("PPL"), Centre Technologies Holdings, LLC ("Centre") and Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners, P.C. ("Heritage").
  • City National Bank Expands Commercial Banking Operations on the East Coast
    July 14, 2022
    City National Bank has grown its Commercial Banking presence on the East Coast with the addition of nearly a dozen new bankers and now offers commercial, institutional, and nonprofit banking services throughout the region with an expanded focus on upstate New York, the mid-Atlantic and Southeast.
  • Republic Business Credit Hires Mary Carrillo as Vice President, Customer Credit Manager
    July 14, 2022
    Republic Business Credit is proud to announce that Mary Carrillo has joined as Vice President, Customer Credit Manager, in its Los Angeles office. Mary brings significant industry expertise to Republic’s ambitious growth plans. Leading the customer credit department and its critical role in assessing customer credit risk across the business with a specific focus on apparel, textile, consumer packaged goods, furniture, and fashion industries, Mary will report directly to Republic’s Chief Operating Officer and Board Member, Matthew Begley.
  • Avarez & Marsal Continues To Grow Its Global Transaction Advisory Group With Senior Appointment
    July 14, 2022
    Manish Gupta joins A&M’s Global Transaction Advisory Group as a Managing Director with more than two decades of cross-border transaction and transformation experience
  • KKR Closes $2.1 Billion Asset-Based Finance Fund
    July 14, 2022
    KKR, a leading global investment firm, today announced the final close of KKR Asset-Based Finance Partners (“ABFP” or the “Fund”), KKR’s first fund dedicated to asset-based finance investments “ABF.” The approximately $2.1 billion fund will commit capital globally to privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, with attractive risk-adjusted returns.
  • Gordon Brothers Partners to Acquire Mesa Vineyards’ Assets for Online Public Auction
    July 14, 2022
    Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with New Mill Capital and Onyx Asset Advisors to acquire Mesa Vineyards’ assets for resale through an orderly sale and an online public auction in August.
  • Mountain Ridge Capital Selects Solifi ABL to Accelerate Growth
    July 14, 2022
    Solifi™, a global fintech software partner for secured finance, announced that Mountain Ridge Capital (MRC) selected and recently deployed Solifi’s asset-based lending (ABL) software solution. A start-up ABL independent with seasoned finance executives and rapid growth projections, MRC is partnering with Solifi because of its technology platform, industry knowledge, fast implementation, and the ability to scale in line with their growth targets.
  • Stonebriar Commercial Finance Funds $77 Million Purchase and TRAC Leaseback
    July 13, 2022
    Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $77 million TRAC lease with a premier long-haul waste transportation provider serving a broad range of commercial waste management companies. The lease refinanced their entire fleet of tractors, trailers, and other related equipment.
  • InterNex Capital Provides $3.5 Million Facility to Management Firm
    July 13, 2022
    InterNex Capital announced it provided a $3.5 million line of credit to an 18-year-old management company focused on remodeling and renovating multifamily homes. The company sought a more flexible lending partner as incumbent bank lender constrained liquidity with excess covenants and restricted eligibility.
  • STEP Energy Amends and Extends Credit Facility
    July 13, 2022
    STEP Energy Services Ltd. (TSX:STEP) (“STEP” or the “Company”) is pleased to provide an update on its credit agreement. STEP has entered into an agreement with a syndicate of Canadian banks which amends and extends its credit agreement.
  • Service 1st Financial Secures Credit Facility from Sustainability Focused Lender, Forbright Bank
    July 13, 2022
    Service 1st Financial, LLC ("Service 1st" or the "Company") announced today that Forbright Bank ("Forbright") has provided a senior debt facility to support continued growth of the Company's Premier Program®. The Premier Program is a worry-free service for homeowners to replace and upgrade their heating, cooling, plumbing, and back-up power systems for a low monthly payment, while eliminating the common pain points associated with owning, maintaining, and repairing such systems.
  • TAB Bank Provides Refueling Equipment Manufacturer in Kansas with a $2 Million Asset-Based Credit Facility
    July 13, 2022
    TAB Bank is pleased to announce it has provided a refueling equipment manufacturer in Kansas with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • Sound Point Capital Provides Financing to Dura Automotive
    July 13, 2022
    Sound Point Capital Management (“Sound Point”) is pleased to announce that it provided an Accounts Receivable Facility for Dura Automotive (“Dura” or the “Company”), a global designer and manufacturer of highly engineered automotive systems and portfolio company of MiddleGround Capital (“MiddleGround” or the “Sponsor”).
  • Runway Growth Capital LLC Announces New Senior Origination Hire to Expand its Technology Pipeline
    July 13, 2022
    Runway Growth Capital LLC announced today that it has hired Jeff Goldrich as Managing Director, Technology. Goldrich's experience covers dozens of relationships across a range of company sizes ($1MM-100M+ of revenue); stages (early development, growth, and mature); industry verticals (FinTech, Healthcare IT, PropTech, and MarTech, among others); ownership structures (bootstrapped, family office owned, and VC and PE-backed); and transaction types (growth capital, working capital, M&A, and recaps, among others)
  • VSS Capital Partners Appoints W. Preston Hutchings as Senior Advisor
    July 13, 2022
    VSS Capital Partners (“VSS”), a private investment firm investing in healthcare, business services and education, today announced the addition of W. Preston Hutchings as Senior Advisor. Leveraging his three decades of senior insurance, investment management and executive leadership experience, Mr. Hutchings will provide strategic guidance and work closely with VSS’s team in this role.
  • Horizon Technology Finance and Trinity Capital Provide Additional $20 Million Venture Loan to Nexii
    July 13, 2022
    Horizon Technology Finance Corporation, a leading specialty finance company along with lending partner Trinity Capital Inc., a leading provider of debt and equipment financing to growth stage companies, announced today that they provided an additional $20 million venture loan to Nexii Building Solutions Inc., a green construction company that designs and manufactures low carbon buildings and products.
  • Golub Capital BDC, Inc. Announces $449.6 Million In New Middle-Market Originations for Its Fiscal Year 2022 Third Quarter
    July 13, 2022
    Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $449.6 million in new middle-market investment commitments during the three months ended June 30, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 2% were senior secured loans and 5% were equity and other securities.
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