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Ryerson Announces Increase in Revolving Credit Facility Aggregate Commitments and Extension
July 5, 2022Ryerson Holding Corporation (NYSE: RYI) (the "Company" or "Ryerson") announced today that it has amended its existing asset-based revolving credit facility (as amended, the "Amended Credit Facility") to, among other things, increase the aggregate commitments to $1.3 billion from $1.0 billion and extend the maturity from November 2025 to June 2027. Bank of America, N.A. is the Administrative Agent and Collateral Agent and BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Joint Lead Arrangers and Joint Bookrunners.
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OppZo Raises $260M in Funding to Drive Capital to Distressed Communities
July 5, 2022OppZo, Inc. a mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses, announces over $260M in debt and equity funding. The equity portion of the funding, worth $5M, was led by Arcadia Funds, LLC. The debt portion of the funding, worth $255M, was led by Arcadia Funds.
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Acutus Medical Completes First Closing of Transaction with Medtronic and Debt Refinancing to Fund Strategic Growth Priorities
July 5, 2022Acutus Medical, Inc. (“Acutus” or the “Company”) (Nasdaq: AFIB), an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated, today announced the completion of the first of two closings for its previously disclosed sale of the Company’s left-heart access portfolio to Medtronic, Inc. (“Medtronic”) and entry into a new longer-term credit facility with Deerfield Management Company (“Deerfield”) to refinance its existing debt.
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Recognized Credit Expert Kevin Prykull Joins The Alta Group
July 5, 2022The Alta Group announced today that Kevin P. Prykull, a recognized industry expert in credit risk management, has joined the global advisory firm and will be helping clients develop credit risk management strategies including appropriate risk profiles, best practices and managing the impact of rising inflation.
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SC&H Capital Advises Braeburn Alloy Steel on its Sale to G.O. Carlson
July 5, 2022SC&H Capital, a leading investment bank specializing in sell-side M&A advisory, is pleased to announce it acted as the exclusive investment banker to CCX, Inc., dba Braeburn Alloy Steel (“Braeburn”), in the sale of substantially all of its assets to a G.O. Carlson subsidiary (“Carlson”) in the United States Bankruptcy Court for the District of Delaware.
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Varagon Capital Partners Forms New Partnership with Goldman Sachs Asset Management
July 1, 2022Varagon Capital Partners, L.P. (“Varagon” or the “Firm”), a leading middle market lender specializing in directly-originated senior loans to private equity-backed, U.S. middle market companies, announced that funds managed by Goldman Sachs Asset Management have made a strategic preferred equity investment in an affiliate of the Firm.
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Marco Provides A $2,000,000 Factoring Facility for Midwest-Based Frozen Food Business
June 30, 2022Next In Natural, a Brooklyn, NY-based boutique strategic business development & marketing organization specializing in natural and organic consumer packaged foods, has completed a $2,000,000 factoring facility with Marco. The funding will be for its sister company, a Midwest-based consumer products company established in producing, distributing, and marketing frozen meal-kits
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Celtic Capital Corporation Provides $1 Million AR Line of Credit to a NC-based Furniture and Fixture Distributor
June 30, 2022Celtic Capital Corporation announced its most recent new client relationship – a North Carolina-based distributor of furniture and fixtures for the commercial building space. This business, which has seen considerable growth over the past year and a half, was seeking growth capital.
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LSQ Creates $1MM Credit Facility, AR Management Program for International Toiletry Products Manufacturer/Distributor
June 30, 2022LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1 million credit facility and accounts receivable management program for an international manufacturer and distributor of private label bath, body and home fragrance products.
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B. Riley Enhances Retail Solutions Leadership with Addition of Timothy J. Shilling
June 30, 2022B. Riley Financial (NASDAQ: RILY) (“B. Riley”) today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm’s strategy and growth across the retail sector.
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Summit Bank Announces Matt Dynice Promoted to Senior Vice President, Credit Administrator
June 30, 2022Craig Wanichek, CEO & President, announced today the promotion of Matt Dynice to Senior Vice President, Credit Administrator at Summit Bank. He has over 20 years of commercial banking experience. He is highly skilled in Commercial and Industrial banking.
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Gordon Brothers and Ciminelli Real Estate Corporation Joint Venture Acquires Greater Boston Research & Development Building for $19.8M
June 30, 2022Gordon Brothers, the global advisory, restructuring and investment firm, in a joint venture with Ciminelli Real Estate Corporation, has acquired a 93,500-square-foot research and development building on 7.4 acres in Andover, Massachusetts for $19.8 million.
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Riveron Acquires Clermont Partners, Significantly Expanding its ESG and Investor Relations Capabilities
June 30, 2022Riveron, a national business advisory firm, announced today its acquisition of Clermont Partners (Clermont), a women-owned consultancy specializing in environmental, social, and governance (ESG) communications and strategy, investor relations, and transaction communications.
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Winston & Strawn’s Expanding Miami Office Adds Two Partners: A Leading Corporate / Financial Services Lawyer and an Experienced Litigator
June 30, 2022Winston & Strawn LLP announced the addition of two partners to the firm’s rapidly growing Miami office: Carl A. Fornaris, who joins the Transactions Department, and Jared R. Kessler, who joins the firm’s Litigation Department. Carl comes from the Miami office of Greenberg Traurig, LLP, where he was co-chair of both the Financial Regulatory and Compliance Practice and the Blockchain and Digital Assets Group. Jared also comes from Greenberg’s Miami office.
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Consumer Goods Manufacturing Company in California Chooses TAB Bank for a $15 Million Asset-Based Credit Facility
June 29, 2022TAB Bank is pleased to announce the funding of $15 million asset-based line of credit for a new client that manufacturers and distributes consumer-packaged goods throughout North America and beginning to expand internationally.
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Alcoa Gains Improved Terms with Amended and Restated Revolving Credit Facility
June 29, 2022Alcoa Corporation (NYSE: AA) today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility (the “Facility”) with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative agent, Citibank N.A. as the syndication agent, and ING Capital LLC as the sustainability structuring agent.
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Peapack-Gladstone Bank Hires Roger Grossman, Senior Managing Director, Commercial Private Banker
June 29, 2022Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Roger Grossman as Senior Managing Director, Commercial Private Banker at Peapack-Gladstone Bank. Roger is responsible for growing a portfolio of commercial clients and servicing businesses in the Tri-State area.
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Runway Growth Capital Announces a Senior Secured Term Loan of $50 Million to Interactions
June 29, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $50 million to Interactions. The capital will be used to refinance existing debt and provide growth and working capital.
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MUFG Closes Acquisition Facility for a Pool of Aircraft
June 29, 2022Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a limited recourse acquisition facility for SKY Leasing (SKY), where the bank acted as Co-Structuring Agent and Joint Lead Arranger. The facility is unique as it provides the financing of off-lease aircraft with structural enhancements.
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Tenet Launches New Electric Vehicle Financing Platform
June 29, 2022Tenet today unveiled a new financial solution that lowers the cost of ownership for EVs and ushers in a new era that puts carbon-free emissions within reach for almost every new car owner and buyer. Launching with its innovative EV financing platform that rejects standard car depreciation models and values EVs as clean collateral, Tenet also plans to expand into zero-emission home upgrades to help consumers better achieve their financial and sustainability goals.
-
Ryerson Announces Increase in Revolving Credit Facility Aggregate Commitments and Extension
July 5, 2022Ryerson Holding Corporation (NYSE: RYI) (the "Company" or "Ryerson") announced today that it has amended its existing asset-based revolving credit facility (as amended, the "Amended Credit Facility") to, among other things, increase the aggregate commitments to $1.3 billion from $1.0 billion and extend the maturity from November 2025 to June 2027. Bank of America, N.A. is the Administrative Agent and Collateral Agent and BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Joint Lead Arrangers and Joint Bookrunners.
-
OppZo Raises $260M in Funding to Drive Capital to Distressed Communities
July 5, 2022OppZo, Inc. a mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses, announces over $260M in debt and equity funding. The equity portion of the funding, worth $5M, was led by Arcadia Funds, LLC. The debt portion of the funding, worth $255M, was led by Arcadia Funds.
-
Acutus Medical Completes First Closing of Transaction with Medtronic and Debt Refinancing to Fund Strategic Growth Priorities
July 5, 2022Acutus Medical, Inc. (“Acutus” or the “Company”) (Nasdaq: AFIB), an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated, today announced the completion of the first of two closings for its previously disclosed sale of the Company’s left-heart access portfolio to Medtronic, Inc. (“Medtronic”) and entry into a new longer-term credit facility with Deerfield Management Company (“Deerfield”) to refinance its existing debt.
-
Recognized Credit Expert Kevin Prykull Joins The Alta Group
July 5, 2022The Alta Group announced today that Kevin P. Prykull, a recognized industry expert in credit risk management, has joined the global advisory firm and will be helping clients develop credit risk management strategies including appropriate risk profiles, best practices and managing the impact of rising inflation.
-
SC&H Capital Advises Braeburn Alloy Steel on its Sale to G.O. Carlson
July 5, 2022SC&H Capital, a leading investment bank specializing in sell-side M&A advisory, is pleased to announce it acted as the exclusive investment banker to CCX, Inc., dba Braeburn Alloy Steel (“Braeburn”), in the sale of substantially all of its assets to a G.O. Carlson subsidiary (“Carlson”) in the United States Bankruptcy Court for the District of Delaware.
-
Varagon Capital Partners Forms New Partnership with Goldman Sachs Asset Management
July 1, 2022Varagon Capital Partners, L.P. (“Varagon” or the “Firm”), a leading middle market lender specializing in directly-originated senior loans to private equity-backed, U.S. middle market companies, announced that funds managed by Goldman Sachs Asset Management have made a strategic preferred equity investment in an affiliate of the Firm.
-
Marco Provides A $2,000,000 Factoring Facility for Midwest-Based Frozen Food Business
June 30, 2022Next In Natural, a Brooklyn, NY-based boutique strategic business development & marketing organization specializing in natural and organic consumer packaged foods, has completed a $2,000,000 factoring facility with Marco. The funding will be for its sister company, a Midwest-based consumer products company established in producing, distributing, and marketing frozen meal-kits
-
Celtic Capital Corporation Provides $1 Million AR Line of Credit to a NC-based Furniture and Fixture Distributor
June 30, 2022Celtic Capital Corporation announced its most recent new client relationship – a North Carolina-based distributor of furniture and fixtures for the commercial building space. This business, which has seen considerable growth over the past year and a half, was seeking growth capital.
-
LSQ Creates $1MM Credit Facility, AR Management Program for International Toiletry Products Manufacturer/Distributor
June 30, 2022LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1 million credit facility and accounts receivable management program for an international manufacturer and distributor of private label bath, body and home fragrance products.
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B. Riley Enhances Retail Solutions Leadership with Addition of Timothy J. Shilling
June 30, 2022B. Riley Financial (NASDAQ: RILY) (“B. Riley”) today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm’s strategy and growth across the retail sector.
-
Summit Bank Announces Matt Dynice Promoted to Senior Vice President, Credit Administrator
June 30, 2022Craig Wanichek, CEO & President, announced today the promotion of Matt Dynice to Senior Vice President, Credit Administrator at Summit Bank. He has over 20 years of commercial banking experience. He is highly skilled in Commercial and Industrial banking.
-
Gordon Brothers and Ciminelli Real Estate Corporation Joint Venture Acquires Greater Boston Research & Development Building for $19.8M
June 30, 2022Gordon Brothers, the global advisory, restructuring and investment firm, in a joint venture with Ciminelli Real Estate Corporation, has acquired a 93,500-square-foot research and development building on 7.4 acres in Andover, Massachusetts for $19.8 million.
-
Riveron Acquires Clermont Partners, Significantly Expanding its ESG and Investor Relations Capabilities
June 30, 2022Riveron, a national business advisory firm, announced today its acquisition of Clermont Partners (Clermont), a women-owned consultancy specializing in environmental, social, and governance (ESG) communications and strategy, investor relations, and transaction communications.
-
Winston & Strawn’s Expanding Miami Office Adds Two Partners: A Leading Corporate / Financial Services Lawyer and an Experienced Litigator
June 30, 2022Winston & Strawn LLP announced the addition of two partners to the firm’s rapidly growing Miami office: Carl A. Fornaris, who joins the Transactions Department, and Jared R. Kessler, who joins the firm’s Litigation Department. Carl comes from the Miami office of Greenberg Traurig, LLP, where he was co-chair of both the Financial Regulatory and Compliance Practice and the Blockchain and Digital Assets Group. Jared also comes from Greenberg’s Miami office.
-
Consumer Goods Manufacturing Company in California Chooses TAB Bank for a $15 Million Asset-Based Credit Facility
June 29, 2022TAB Bank is pleased to announce the funding of $15 million asset-based line of credit for a new client that manufacturers and distributes consumer-packaged goods throughout North America and beginning to expand internationally.
-
Alcoa Gains Improved Terms with Amended and Restated Revolving Credit Facility
June 29, 2022Alcoa Corporation (NYSE: AA) today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility (the “Facility”) with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative agent, Citibank N.A. as the syndication agent, and ING Capital LLC as the sustainability structuring agent.
-
Peapack-Gladstone Bank Hires Roger Grossman, Senior Managing Director, Commercial Private Banker
June 29, 2022Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Roger Grossman as Senior Managing Director, Commercial Private Banker at Peapack-Gladstone Bank. Roger is responsible for growing a portfolio of commercial clients and servicing businesses in the Tri-State area.
-
Runway Growth Capital Announces a Senior Secured Term Loan of $50 Million to Interactions
June 29, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $50 million to Interactions. The capital will be used to refinance existing debt and provide growth and working capital.
-
MUFG Closes Acquisition Facility for a Pool of Aircraft
June 29, 2022Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a limited recourse acquisition facility for SKY Leasing (SKY), where the bank acted as Co-Structuring Agent and Joint Lead Arranger. The facility is unique as it provides the financing of off-lease aircraft with structural enhancements.
-
Tenet Launches New Electric Vehicle Financing Platform
June 29, 2022Tenet today unveiled a new financial solution that lowers the cost of ownership for EVs and ushers in a new era that puts carbon-free emissions within reach for almost every new car owner and buyer. Launching with its innovative EV financing platform that rejects standard car depreciation models and values EVs as clean collateral, Tenet also plans to expand into zero-emission home upgrades to help consumers better achieve their financial and sustainability goals.
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