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TradeCap Partners Secures $600,000 Purchase Order Facility for Seasonal Christmas Goods Importer
August 2, 2022TradeCap Partners recently established a $600,000 Purchase Order Finance Facility for a Texas based seasonal Christmas goods importer. Continuous year over year growth combined with increased production and shipping lead times over the past 24 months had lengthened the company’s cash conversion cycle. In an effort to make sure products arrived well ahead of schedule for the holiday season, the company made the decision to bring forward production and shipping dates. While prudent, it required additional financing. Having spoken with TradeCap the prior season following an introduction from their banker, the company reconnected and outlined their seasonal needs.
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CIT Serves as Sole Lead Arranger of Financing for Swell Energy’s Commercial Behind-The-Meter Energy Storage Projects
August 2, 2022NEW YORK — Aug. 2, 2022 — CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California. The borrower, a subsidiary of Swell Energy Inc., is developing over 100 behind-the-meter energy storage projects on commercial properties across California.
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Announcing Hilco Digital Assets
August 2, 2022Hilco is excited about our new company, Hilco Digital Assets (HDA). We formed HDA with Andrew Miller, who has expertise and long experience with digital assets, including premium domain names, Web 3 assets and NFT's. HDA recently invested in the Bored Ape Yacht Club and is immersed in Web 3. Our foundational belief is that every brand and company must strategically implement an NFT strategy. Our team is positioned to help you in all aspects of this process.
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Runway Growth Capital LLC Adds Venture Lending Industry Veteran to Technology Team
August 2, 2022Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Brad Pritchard as Managing Director, Technology.
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Bear Creek Mining Enters into Loan Facility with Auramet International LLC
August 1, 2022Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce that it has entered into a promissory note (the "Note") with Auramet International LLC ("Auramet") in connection with a one-year USD $5.0 million loan facility (the "Facility").
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Performant Capital Creates Platform Delivering Managed Technology Services and Revenue Cycle Management to the Healthcare Industry
August 1, 2022Performant Capital announced today that it has formed Provider Technology, LLC (“Provider Technology”) through the acquisitions of DavLong Business Solutions LLC and its affiliate Administrative Advantage LLC (collectively, “DBS”) and On Demand Solutions Inc. (“ODS”).
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PNC Announces Retirement of Treasurer Randall King, Names David Kahn Successor
August 1, 2022The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that its treasurer and longtime finance leader, Randall King, will retire from the company, effective Sept. 1. During his 39-year career with PNC, King has played key roles in helping manage PNC’s liquidity and capital strategies through periods of growth and transformation, including serving as treasurer through the acquisition of BBVA USA.
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Axonic Holds First Close on Inaugural Private Credit Offering
August 1, 2022Axonic Capital, New York-based structured credit, commercial real estate and systematic fixed income specialist with $4.8 billion in assets under management, announced the first closing of its inaugural Private Credit Offering in the middle of July. The strategy will hold subsequent closings throughout the remainder of the year.
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FinTech Leader DigniFi Announces Bridge Funding to Support Continued Growth
August 1, 2022This initial recapitalization empowers DigniFi to execute its three-year growth strategy centered on operational stability, product development and commercialization, and expansion into transportation-adjacent markets and ecosystems.
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CIT Provides Acquisition Financing for Apartment Complex in Florida
August 1, 2022CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, Florida. The Park at Napoli is a multifamily apartment complex comprising 238 units across 15 two-story buildings.
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H.I.G. Capital Completes Acquisition of Barton & Associates
August 1, 2022H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $50 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Barton & Associates Inc. (“Barton” or the “Company”), a leading healthcare staffing company focused on locum tenens with additional capabilities in travel nursing, allied healthcare, and government-related physician staffing markets.
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Touchstone Bank Names Marketing Director
August 1, 2022Touchstone Bankshares, Inc. (the "Company") (OTC Pink: TSBA) and its wholly owned subsidiary Touchstone Bank (the "Bank"), today announced the appointment of Michelle H. Simon as Senior Vice President and Marketing Director at the Bank. Simon will be responsible for leading key priorities such as designing and implementing marketing strategies, directing sales initiatives, and improving brand awareness. Simon began her new role with Touchstone Bank in mid-July 2022.
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Independent Bank Group, Inc. Appoints Paul Langdale as Chief Financial Officer
August 1, 2022Independent Bank Group, Inc. (NASDAQ: IBTX) today announced the appointment of Paul Langdale as Chief Financial Officer. Mr. Langdale is replacing Michelle Hickox, who has served as Chief Financial Officer of Independent Bank Group, Inc., and its subsidiary Independent Bank since 2012. Ms. Hickox will remain employed in an advisory capacity to facilitate the transition until October 1, 2022.
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Tikehau Capital Reaches €3.3bn for Fifth Generation of Direct Lending Strategy
August 1, 2022Tikehau Capital (Paris:TKO), the global alternative asset manager, today announces that it has raised a record €3.3bn for the fifth generation of its direct lending strategy. The fundraise comprises Tikehau Direct Lending V (“TDL V”), the flagship vehicle for the Group’s direct lending strategy, which has reached a final close, and bespoke mandates and side vehicles.
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Veteran Risk Management and Global Markets Executive Joins MUFG
August 1, 2022MUFG, one of the world's leading financial groups, today announced that Denis McHugh will join the company as Chief Risk Officer for MUFG Securities Americas Inc. and Market Risk Management Officer for MUFG Americas Holdings Corporation, effective August 30, 2022.
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SLR Equipment Finance Adds to its Risk Team with Hire of Ryan Post
August 1, 2022Ryan Post joined SLR Equipment Finance as Vice President - Risk. In his new role, Ryan will utilize his prior experience in credit analysis and financial services to help expand and grow SLR Equipment Finance’s evolving financial solutions platform.
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North Mill Hits $1 Billion In Originations On Anniversary of Recapitalization
August 1, 2022North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, announced today that the company crossed the $1 billion mark in total originations since its recapitalization by an affiliate of Wafra Capital Partners, Inc. (WCP).
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Foreclosure Sale Features Medical Waste-Disposal Equipment from California Plant
August 1, 2022Recycling and waste-disposal companies can acquire shredders, incinerators and other useful machinery and equipment in an immediate sale by Tiger Group and Perry Videx.
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Equinox Gold Strengthens Balance Sheet with Updated Credit Facility
August 1, 2022Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce it has strengthened its balance sheet and increased its liquidity by amending its existing credit facility.
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Avient Announces Debt Financing to Fund Acquisition of DSM Protective Materials
August 1, 2022Avient Corporation (NYSE: AVNT) ("Avient"), a leading provider of specialized and sustainable solutions, today announced it has finalized the debt financing to fund its pending acquisition of DSM Protective Materials (including the Dyneema® brand) ("Dyneema"), which is expected to close on September 1, 2022.
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TradeCap Partners Secures $600,000 Purchase Order Facility for Seasonal Christmas Goods Importer
August 2, 2022TradeCap Partners recently established a $600,000 Purchase Order Finance Facility for a Texas based seasonal Christmas goods importer. Continuous year over year growth combined with increased production and shipping lead times over the past 24 months had lengthened the company’s cash conversion cycle. In an effort to make sure products arrived well ahead of schedule for the holiday season, the company made the decision to bring forward production and shipping dates. While prudent, it required additional financing. Having spoken with TradeCap the prior season following an introduction from their banker, the company reconnected and outlined their seasonal needs.
-
CIT Serves as Sole Lead Arranger of Financing for Swell Energy’s Commercial Behind-The-Meter Energy Storage Projects
August 2, 2022NEW YORK — Aug. 2, 2022 — CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California. The borrower, a subsidiary of Swell Energy Inc., is developing over 100 behind-the-meter energy storage projects on commercial properties across California.
-
Announcing Hilco Digital Assets
August 2, 2022Hilco is excited about our new company, Hilco Digital Assets (HDA). We formed HDA with Andrew Miller, who has expertise and long experience with digital assets, including premium domain names, Web 3 assets and NFT's. HDA recently invested in the Bored Ape Yacht Club and is immersed in Web 3. Our foundational belief is that every brand and company must strategically implement an NFT strategy. Our team is positioned to help you in all aspects of this process.
-
Runway Growth Capital LLC Adds Venture Lending Industry Veteran to Technology Team
August 2, 2022Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Brad Pritchard as Managing Director, Technology.
-
Bear Creek Mining Enters into Loan Facility with Auramet International LLC
August 1, 2022Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce that it has entered into a promissory note (the "Note") with Auramet International LLC ("Auramet") in connection with a one-year USD $5.0 million loan facility (the "Facility").
-
Performant Capital Creates Platform Delivering Managed Technology Services and Revenue Cycle Management to the Healthcare Industry
August 1, 2022Performant Capital announced today that it has formed Provider Technology, LLC (“Provider Technology”) through the acquisitions of DavLong Business Solutions LLC and its affiliate Administrative Advantage LLC (collectively, “DBS”) and On Demand Solutions Inc. (“ODS”).
-
PNC Announces Retirement of Treasurer Randall King, Names David Kahn Successor
August 1, 2022The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that its treasurer and longtime finance leader, Randall King, will retire from the company, effective Sept. 1. During his 39-year career with PNC, King has played key roles in helping manage PNC’s liquidity and capital strategies through periods of growth and transformation, including serving as treasurer through the acquisition of BBVA USA.
-
Axonic Holds First Close on Inaugural Private Credit Offering
August 1, 2022Axonic Capital, New York-based structured credit, commercial real estate and systematic fixed income specialist with $4.8 billion in assets under management, announced the first closing of its inaugural Private Credit Offering in the middle of July. The strategy will hold subsequent closings throughout the remainder of the year.
-
FinTech Leader DigniFi Announces Bridge Funding to Support Continued Growth
August 1, 2022This initial recapitalization empowers DigniFi to execute its three-year growth strategy centered on operational stability, product development and commercialization, and expansion into transportation-adjacent markets and ecosystems.
-
CIT Provides Acquisition Financing for Apartment Complex in Florida
August 1, 2022CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, Florida. The Park at Napoli is a multifamily apartment complex comprising 238 units across 15 two-story buildings.
-
H.I.G. Capital Completes Acquisition of Barton & Associates
August 1, 2022H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $50 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Barton & Associates Inc. (“Barton” or the “Company”), a leading healthcare staffing company focused on locum tenens with additional capabilities in travel nursing, allied healthcare, and government-related physician staffing markets.
-
Touchstone Bank Names Marketing Director
August 1, 2022Touchstone Bankshares, Inc. (the "Company") (OTC Pink: TSBA) and its wholly owned subsidiary Touchstone Bank (the "Bank"), today announced the appointment of Michelle H. Simon as Senior Vice President and Marketing Director at the Bank. Simon will be responsible for leading key priorities such as designing and implementing marketing strategies, directing sales initiatives, and improving brand awareness. Simon began her new role with Touchstone Bank in mid-July 2022.
-
Independent Bank Group, Inc. Appoints Paul Langdale as Chief Financial Officer
August 1, 2022Independent Bank Group, Inc. (NASDAQ: IBTX) today announced the appointment of Paul Langdale as Chief Financial Officer. Mr. Langdale is replacing Michelle Hickox, who has served as Chief Financial Officer of Independent Bank Group, Inc., and its subsidiary Independent Bank since 2012. Ms. Hickox will remain employed in an advisory capacity to facilitate the transition until October 1, 2022.
-
Tikehau Capital Reaches €3.3bn for Fifth Generation of Direct Lending Strategy
August 1, 2022Tikehau Capital (Paris:TKO), the global alternative asset manager, today announces that it has raised a record €3.3bn for the fifth generation of its direct lending strategy. The fundraise comprises Tikehau Direct Lending V (“TDL V”), the flagship vehicle for the Group’s direct lending strategy, which has reached a final close, and bespoke mandates and side vehicles.
-
Veteran Risk Management and Global Markets Executive Joins MUFG
August 1, 2022MUFG, one of the world's leading financial groups, today announced that Denis McHugh will join the company as Chief Risk Officer for MUFG Securities Americas Inc. and Market Risk Management Officer for MUFG Americas Holdings Corporation, effective August 30, 2022.
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SLR Equipment Finance Adds to its Risk Team with Hire of Ryan Post
August 1, 2022Ryan Post joined SLR Equipment Finance as Vice President - Risk. In his new role, Ryan will utilize his prior experience in credit analysis and financial services to help expand and grow SLR Equipment Finance’s evolving financial solutions platform.
-
North Mill Hits $1 Billion In Originations On Anniversary of Recapitalization
August 1, 2022North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, announced today that the company crossed the $1 billion mark in total originations since its recapitalization by an affiliate of Wafra Capital Partners, Inc. (WCP).
-
Foreclosure Sale Features Medical Waste-Disposal Equipment from California Plant
August 1, 2022Recycling and waste-disposal companies can acquire shredders, incinerators and other useful machinery and equipment in an immediate sale by Tiger Group and Perry Videx.
-
Equinox Gold Strengthens Balance Sheet with Updated Credit Facility
August 1, 2022Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce it has strengthened its balance sheet and increased its liquidity by amending its existing credit facility.
-
Avient Announces Debt Financing to Fund Acquisition of DSM Protective Materials
August 1, 2022Avient Corporation (NYSE: AVNT) ("Avient"), a leading provider of specialized and sustainable solutions, today announced it has finalized the debt financing to fund its pending acquisition of DSM Protective Materials (including the Dyneema® brand) ("Dyneema"), which is expected to close on September 1, 2022.
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