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PNC Bank Further Expands Its Main Street Model With Appointment of Northern California Regional President
August 10, 2022PNC Bank today announced the appointment of financial services veteran and Silicon Valley native Megan Schoettmer as regional president for Northern California. The appointment marks PNC’s continued expansion in the Golden State, including earlier announced regional presidents in Greater Los Angeles, Orange County/Inland Empire and San Diego.
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Houlihan Lokey Expands HCIT Coverage Capabilities
August 10, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Luiz Greca has joined the firm’s Healthcare Group as a Managing Director to lead the firm’s Healthcare IT (HCIT) practice in the U.S. He is based in the Miami office. Mr. Greca joins from William Blair & Company, where he spent nearly a decade advising clients on M&A, corporate divestitures, and capital-raising transactions across the HCIT sector.
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SVPGlobal Names Brian Himot as Head of Structured Capital
August 10, 2022Strategic Value Partners, LLC (together with its affiliates, "SVPGlobal"), a global investment firm focused on private credit opportunities with over $18 billion of assets under management, today announced that Brian Himot has joined the firm as Head of Structured Capital to lead mezzanine and structured equity investing. Mr. Himot will also serve on SVPGlobal's Management Council.
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Waterfall Asset Management Establishes Asia-Pacific Presence with Hong Kong Office and Senior Hire
August 10, 2022Waterfall Asset Management, an alternative asset manager, today announced the establishment of its Hong Kong office to enhance its capabilities in the Asia-Pacific region. Alistair Ho, who recently joined the firm as Managing Director and Head of Asia-Pacific ("APAC"), has more than 18 years of experience in the region's credit markets, will lead the office.
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Clint Crews Joins Fortis as Head of Colorado Commercial and Specialty Lending
August 10, 2022Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, is pleased to welcome Clint Crews as their Head of Colorado Commercial and Specialty Lending.
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SMBC Hires Mark Corteil as Chief Credit Risk Officer
August 10, 2022In this role, Mark is responsible for overseeing all aspects of credit risk management in the Americas region. He reports to Kim Olson, Americas Chief Risk Officer, and Yasuhori Takahasi, Global Head of Credit, based in Tokyo.
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Columbia Pacific Advisors' Business Finance Strategy Provides $17 Million Loan To Support Acquisition Of Radio Frequency Equipment Firm, Signal Hound
August 10, 2022Columbia Pacific Advisors' Business Finance strategy (CPBF), a Seattle-based direct lender to privately-held and sponsor-backed companies, is pleased to announce that it has provided a $17 million senior secured term loan to support the acquisition of Signal Hound, Inc. (Signal Hound). The radio frequency (RF) equipment firm is set to be acquired by Portland-based independent sponsor, Bridgehouse Capital.
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FreshBooks Secures Up to $100M USD Debt Facility to Support Global Growth
August 10, 2022FreshBooks, a leading accounting software with paying customers in 160+ countries, today announced that it has secured a $100 million USD syndicated debt facility with BMO Financial Group (BMO) and J.P. Morgan (JPM). The facility also includes an uncommitted accordion feature of $25 million USD, for a total borrowing capacity of up to $125 million USD.
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BCA Partner Finance extends Solifi Wholesale Finance Contract
August 10, 2022Solifi, a global fintech software provider for secured finance, announced that British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering.
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Alston & Bird Welcomes Counsel Liz Buckley to its Finance Group’s Corporate Debt Team
August 9, 2022Liz joins Alston & Bird from a National Law Journal 2022 top-50 firm, where she was counsel. She brings more than 15 years of experience representing banks and other financial institutions in single-lender and syndicated commercial debt financing transactions, such as revolving and term loan credit facilities, and advising clients regarding structuring of financing transactions.
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Access Capital Provides $10 Million Credit Facility To Rowing Digital Publishing Enterprise
August 9, 2022Access Capital recently partnered with a premium digital publishing company to support a re-capitalization and continued growth. The company has a portfolio of brands, many of which are considered top thought leaders in the marketplace.
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Gordon Brothers Promotes Frank Morton to Lead Disposition, Financing & Investment Offerings Globally as Chief Investment Officer
August 9, 2022Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Frank Morton to lead the firm’s disposition, financing and investment offerings across retail, brands, commercial and industrial globally as Chief Investment Officer. Morton will also join the board of directors.
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Radiant Logistics Announces New $200M Secured Credit Facility
August 9, 2022BofA Securities, Inc. acted as the book runner and joint lead arranger for the syndicated credit facility. Bank of Montreal acted as lender, joint lead arranger, and syndication agent. MUFG Union Bank, N.A. acted as lender and co-documentation agent. Keybank National Association acted as lender and co-documentation agent. Bank of America, N.A., and Washington Federal Bank, National Association also acted as lenders. Bank of America, N.A. will also serve as administrative agent.
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Tattooed Chef Announces $40 Million Credit Facility
August 9, 2022Tattooed Chef, Inc. (Nasdaq: TTCF) (“Tattooed Chef” or the “Company”), a leader in plant-based foods, announced today an expanded and extended secured revolving credit facility (“the credit facility”) with UMB Bank, N.A., a subsidiary of UMB Financial Corporation.
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William Blair Names John Kreger Director of Research
August 9, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that John Kreger has been named director of research of the firm’s sell-side equity research group. Based in Chicago, Kreger will oversee a team of research analysts responsible for coverage of more than 700 growth-oriented companies.
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Regions Bank Names Tom Speir as Head of Strategy and Corporate Development
August 9, 2022Regions Bank on Monday announced Tom Speir has been elevated to serve as head of Strategy and Corporate Development. Speir will report to Regions Chief Financial Officer David Turner.
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MarineMax Expands Financial Flexibility with New Credit Facilities to Execute on Strategic Growth Opportunities
August 9, 2022MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the completion of $1.35 billion in aggregate financing commitments. The financings were led by M&T Bank as Administrative Agent and Joint-Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint-Lead Arranger and Floor Plan Agent.
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Genesis Bank Announces Hiring of Commercial Banking Market Leader
August 9, 2022Genesis Bank (“Genesis” or the “Bank”), announced today that Anthony Ochoa has joined Genesis as Senior Vice President, Commercial Banking Market Leader, and is responsible for expanding the Bank’s commercial banking efforts across its Target Markets of Los Angeles, Orange, Riverside, and San Bernardino Counties, California.
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Vista Outdoor Announces Closing of the Acquisition of Fox Racing
August 9, 2022Vista Outdoor financed this acquisition through a combination of a $600 million asset-based revolving credit facility, which will replace Vista Outdoor's existing asset-based revolving credit facility, and a $350 million secured term loan facility. Vista Outdoor's leverage ratio remains well within the target leverage ratio of one to two times.
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OPAL Fuels Announces Closing of a $105 Million Senior Secured Debt Facility
August 9, 2022OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG), today announced the closing of a five-year, $105 million senior secured debt facility. The facility provides construction financing for designated OPAL Fuels projects upon achieving certain milestones. The lending syndicate is comprised of Investec, Bank of Montreal, and Comerica Bank.
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PNC Bank Further Expands Its Main Street Model With Appointment of Northern California Regional President
August 10, 2022PNC Bank today announced the appointment of financial services veteran and Silicon Valley native Megan Schoettmer as regional president for Northern California. The appointment marks PNC’s continued expansion in the Golden State, including earlier announced regional presidents in Greater Los Angeles, Orange County/Inland Empire and San Diego.
-
Houlihan Lokey Expands HCIT Coverage Capabilities
August 10, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Luiz Greca has joined the firm’s Healthcare Group as a Managing Director to lead the firm’s Healthcare IT (HCIT) practice in the U.S. He is based in the Miami office. Mr. Greca joins from William Blair & Company, where he spent nearly a decade advising clients on M&A, corporate divestitures, and capital-raising transactions across the HCIT sector.
-
SVPGlobal Names Brian Himot as Head of Structured Capital
August 10, 2022Strategic Value Partners, LLC (together with its affiliates, "SVPGlobal"), a global investment firm focused on private credit opportunities with over $18 billion of assets under management, today announced that Brian Himot has joined the firm as Head of Structured Capital to lead mezzanine and structured equity investing. Mr. Himot will also serve on SVPGlobal's Management Council.
-
Waterfall Asset Management Establishes Asia-Pacific Presence with Hong Kong Office and Senior Hire
August 10, 2022Waterfall Asset Management, an alternative asset manager, today announced the establishment of its Hong Kong office to enhance its capabilities in the Asia-Pacific region. Alistair Ho, who recently joined the firm as Managing Director and Head of Asia-Pacific ("APAC"), has more than 18 years of experience in the region's credit markets, will lead the office.
-
Clint Crews Joins Fortis as Head of Colorado Commercial and Specialty Lending
August 10, 2022Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, is pleased to welcome Clint Crews as their Head of Colorado Commercial and Specialty Lending.
-
SMBC Hires Mark Corteil as Chief Credit Risk Officer
August 10, 2022In this role, Mark is responsible for overseeing all aspects of credit risk management in the Americas region. He reports to Kim Olson, Americas Chief Risk Officer, and Yasuhori Takahasi, Global Head of Credit, based in Tokyo.
-
Columbia Pacific Advisors' Business Finance Strategy Provides $17 Million Loan To Support Acquisition Of Radio Frequency Equipment Firm, Signal Hound
August 10, 2022Columbia Pacific Advisors' Business Finance strategy (CPBF), a Seattle-based direct lender to privately-held and sponsor-backed companies, is pleased to announce that it has provided a $17 million senior secured term loan to support the acquisition of Signal Hound, Inc. (Signal Hound). The radio frequency (RF) equipment firm is set to be acquired by Portland-based independent sponsor, Bridgehouse Capital.
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FreshBooks Secures Up to $100M USD Debt Facility to Support Global Growth
August 10, 2022FreshBooks, a leading accounting software with paying customers in 160+ countries, today announced that it has secured a $100 million USD syndicated debt facility with BMO Financial Group (BMO) and J.P. Morgan (JPM). The facility also includes an uncommitted accordion feature of $25 million USD, for a total borrowing capacity of up to $125 million USD.
-
BCA Partner Finance extends Solifi Wholesale Finance Contract
August 10, 2022Solifi, a global fintech software provider for secured finance, announced that British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering.
-
Alston & Bird Welcomes Counsel Liz Buckley to its Finance Group’s Corporate Debt Team
August 9, 2022Liz joins Alston & Bird from a National Law Journal 2022 top-50 firm, where she was counsel. She brings more than 15 years of experience representing banks and other financial institutions in single-lender and syndicated commercial debt financing transactions, such as revolving and term loan credit facilities, and advising clients regarding structuring of financing transactions.
-
Access Capital Provides $10 Million Credit Facility To Rowing Digital Publishing Enterprise
August 9, 2022Access Capital recently partnered with a premium digital publishing company to support a re-capitalization and continued growth. The company has a portfolio of brands, many of which are considered top thought leaders in the marketplace.
-
Gordon Brothers Promotes Frank Morton to Lead Disposition, Financing & Investment Offerings Globally as Chief Investment Officer
August 9, 2022Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Frank Morton to lead the firm’s disposition, financing and investment offerings across retail, brands, commercial and industrial globally as Chief Investment Officer. Morton will also join the board of directors.
-
Radiant Logistics Announces New $200M Secured Credit Facility
August 9, 2022BofA Securities, Inc. acted as the book runner and joint lead arranger for the syndicated credit facility. Bank of Montreal acted as lender, joint lead arranger, and syndication agent. MUFG Union Bank, N.A. acted as lender and co-documentation agent. Keybank National Association acted as lender and co-documentation agent. Bank of America, N.A., and Washington Federal Bank, National Association also acted as lenders. Bank of America, N.A. will also serve as administrative agent.
-
Tattooed Chef Announces $40 Million Credit Facility
August 9, 2022Tattooed Chef, Inc. (Nasdaq: TTCF) (“Tattooed Chef” or the “Company”), a leader in plant-based foods, announced today an expanded and extended secured revolving credit facility (“the credit facility”) with UMB Bank, N.A., a subsidiary of UMB Financial Corporation.
-
William Blair Names John Kreger Director of Research
August 9, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that John Kreger has been named director of research of the firm’s sell-side equity research group. Based in Chicago, Kreger will oversee a team of research analysts responsible for coverage of more than 700 growth-oriented companies.
-
Regions Bank Names Tom Speir as Head of Strategy and Corporate Development
August 9, 2022Regions Bank on Monday announced Tom Speir has been elevated to serve as head of Strategy and Corporate Development. Speir will report to Regions Chief Financial Officer David Turner.
-
MarineMax Expands Financial Flexibility with New Credit Facilities to Execute on Strategic Growth Opportunities
August 9, 2022MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the completion of $1.35 billion in aggregate financing commitments. The financings were led by M&T Bank as Administrative Agent and Joint-Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint-Lead Arranger and Floor Plan Agent.
-
Genesis Bank Announces Hiring of Commercial Banking Market Leader
August 9, 2022Genesis Bank (“Genesis” or the “Bank”), announced today that Anthony Ochoa has joined Genesis as Senior Vice President, Commercial Banking Market Leader, and is responsible for expanding the Bank’s commercial banking efforts across its Target Markets of Los Angeles, Orange, Riverside, and San Bernardino Counties, California.
-
Vista Outdoor Announces Closing of the Acquisition of Fox Racing
August 9, 2022Vista Outdoor financed this acquisition through a combination of a $600 million asset-based revolving credit facility, which will replace Vista Outdoor's existing asset-based revolving credit facility, and a $350 million secured term loan facility. Vista Outdoor's leverage ratio remains well within the target leverage ratio of one to two times.
-
OPAL Fuels Announces Closing of a $105 Million Senior Secured Debt Facility
August 9, 2022OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG), today announced the closing of a five-year, $105 million senior secured debt facility. The facility provides construction financing for designated OPAL Fuels projects upon achieving certain milestones. The lending syndicate is comprised of Investec, Bank of Montreal, and Comerica Bank.
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