CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has completed a $50 million factoring facility with a West Coast consumer technology firm. CIT worked closely with the client to create a unique factoring arrangement to provide the technology designer and producer with additional flexibility in meeting its working capital needs.

InterNex Capital provided a $600,000 revolving line of credit to a historic, brand-name cookie baker in the Rocky Mountain region. As the 40-year-old manufacturer’s sales began to normalize post-pandemic, the company experienced stretched liquidity due to a recent manufacturing expansion.

NextPlay Technologies, Inc. (Nasdaq: NXTP), a digital native ecosystem for finance, digital advertisers, and video gamers, announced today that NextBank International, Inc. (“NextBank”), the international banking unit of NextPlay’s fintech division, has signed a Loan and Security Agreement with Savi Capital Partners, a Delaware Limited Liability Company, for a $200,000,000 revolving line of credit facility with maturity set for May 31, 2027.

Bird Global, Inc. (“Bird” or the “Company”) (NYSE:BRDS), a leader in eco-friendly electric transportation, today announced that its subsidiary, Bird Rides, Inc., has amended its existing $150 million vehicle financing credit facility with MidCap Financial Investment Corporation and MidCap Financial Trust (each managed or advised by Apollo Capital Management, L.P. or its affiliates, collectively "Apollo").

Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided $30 million to Kodiak Robotics, Inc. ("Kodiak") in the form of a growth capital credit facility.

SLR Healthcare ABL is pleased to announce that it provided a $5 million asset-based revolving line of credit in October 2022 to a skilled nursing operator.

Circulus Holdings, a producer of post-consumer resin (PCR) from recycled low-density polyethylene (LDPE), and Apollo announced a $300 million innovative structured solution secured loan to support the company’s ongoing development of recycling infrastructure.

VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for land, sea and air transportation assets for government and commercial markets, today announced that it has successfully amended, extended and upsized the Company’s existing credit facility with its lending syndicate.

First Citizens Bank today announced the expansion of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across Southern California and the Southwest region. The expansion follows the official launch of First Citizens Middle Market Banking in the Southeastern U.S. in September and the First Citizens Bank merger in January with CIT Group, a leading commercial lender with long experience in serving the middle market.

Wintrust Business Credit (WBC), the asset-based lending (ABL) unit of Wintrust Commercial Banking, today announced the hiring of Andy Hall as National Portfolio Manager as part of its nationwide expansion effort. Working alongside National Sales Manager Jason LeuVoy, Hall will be responsible for building a full-scale credit team to pre-screen, underwrite, document and monitor deals as WBC expands its asset-based lending services from a regional provider to a national platform.

Insignia Capital Group, LP (“Insignia”) has successfully completed the refinancing of its portfolio company Tillamook Country Smoker, Inc. (“Tillamook” or the “Company”), a leading provider of hardwood-smoked meat snacks. The Company secured $75 million of total committed capital for the purposes of refinancing existing debt, funding working capital growth, and funding a dividend to Insignia. FocalPoint, a division of B. Riley Securities, Inc. ("FocalPoint"), served as exclusive financial advisor to the Company and arranged the financing.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to welcome Ryan Gardner back to the firm as a Senior Associate. In addition, Gridiron adds to its team Eric Albright and Virginia “Jinx” Charman.

Park Cities Asset Management, LLC (“Park Cities”), an alternative investment firm focused on providing flexible debt solutions, announced today that it has provided $30 million of debt capital commitments to Applied Data Finance (“ADF”). Through its Personify Financial platform, ADF offers underestimated Americans an affordable, responsible alternative for unsecured personal installment loans.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Keith Skirbe has joined the firm’s global Technology Group as a Managing Director covering the cybersecurity sector. He is based in San Francisco.

Lighthouse Financial Corp. is pleased to announce the completion of a $5,000,000 credit facility for an importer and distributor of electronic diagnostic and measurement equipment. The company designs and manufactures tools utilized in the automotive, commercial, industrial, and DIY markets and distributes internationally. The company continually focuses on innovation to meet new requirements and satisfy needs in the electrical market.

Middle market private companies in the Golub Capital Altman Index experienced year-over-year revenue growth of 12% and earnings decline of 2% during the first two months of the third quarter of 2022. This compares to year-over-year revenue growth of 12% and earnings growth of 2% in the second quarter of 2022.

Today, Vital Pharmaceuticals, Inc. (“VPX Sports” or “Vital”), along with certain of its domestic subsidiaries and affiliates, announced it has filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. VPX Sports is the maker of Bang energy drinks, among other consumer products.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6.5MM working capital and equipment term loan facility to a print & digital visual communications manufacturer. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and provide ongoing working capital support. AFS also brought in a new bank partner to help the company with their CRE financing needs.

Armory Securities, LLC is pleased to announce that CherCo, LLC has completed a new financing consisting of a $55 million senior secured term loan and $5 million of equity. Armory served as financial advisor and placement agent to CherCo for the transaction.

Replimune Group, Inc. (NASDAQ: REPL), a clinical stage biotechnology company pioneering the development of a novel class of tumor-directed oncolytic immunotherapies, today announced that it has obtained a $200 million non-dilutive term loan facility from Hercules Capital, Inc. (NYSE:HTGC), a leader in customized debt financing for companies in the life sciences and technology-related markets.