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Simmons Bank Expands Metro Market Development Leadership
June 6, 2022Simmons Bank announced today the expansion of the Business Development team across the organization with the promotions of Laura Condley, Tim Maiden, Dion Grey and the additions of Erica Preston and Ray Torrence, III. With the creation of the Metro Market Development group announced earlier this year, these key leadership roles oversee private client and business banking, deepen and develop customer relationships as well as provide collaborative financial solutions across all business channels.
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Norton Rose Fulbright Adds West Coast Partner to its Industry-leading Projects and Renewable Energy Practice
June 6, 2022Global law firm Norton Rose Fulbright today announced that renewable energy lawyer Elizabeth Sluder has joined its top-tier projects team as a partner in Los Angeles. Sluder focuses on project finance, mergers and acquisitions, private equity and general corporate matters.
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Jeffrey Zinn Joins Vida Capital as Managing Director, Private Credit
June 6, 2022Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced that Jeffrey Zinn has joined the firm as Managing Director, Private Credit. Mr. Zinn will be based in New York and report to David Gussmann, Senior Managing Director, Private Credit.
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May Total Commercial Chapter 11 Bankruptcy Filings Increased 34 Percent Over the Same Period Last Year
June 6, 2022There were 330 commercial chapter 11 filings registered in May 2022, an increase of 34 percent from the 246 filings in May 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings decreased 4 percent in May 2022, as the 1,738 filings were down from the 1,813 commercial filings registered in May 2021.
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Former JP Morgan Executive Erik Oken Joins MidOcean Partners
June 6, 2022MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Erik Oken, former Global Chairman of Investment Banking at JP Morgan, has joined the firm as Chairman of MidOcean’s private equity business.
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Gatekeeper Announces $8M in TD Bank Working Capital Facilities to Enable Growth
June 6, 2022The Company has entered a revolving credit facility (“Credit Facility”) with Toronto Dominion Bank pursuant to which the Company may draw up to CAD $6 million for working capital provisions. Interest on the Credit Facility is based on either the Canadian bank prime rate plus 0.85 percent or US bank base rate plus 0.75 percent.
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MidCap Financial Closes Senior Secured Credit Facility and Preferred Equity to Bob’s Stores and Eastern Mountain Sports
June 6, 2022MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $60,000,000 senior secured credit facility, comprising a $50,000,000 asset-based revolving line of credit and $10,000,000 term loan, as well as a $500,000 preferred equity co-investment to Bob’s Stores (“Bob’s”) and Eastern Mountain Sports (“EMS”).
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Raymond James Completes Acquisition Of TriState Capital Holdings, Inc.
June 6, 2022“The strategic and cultural fit between Raymond James and TriState has been continually reinforced as our teams have worked toward this point over the last few months,” said Raymond James Chair and CEO Paul Reilly. “Our collective focus on client-first values and a long-term horizon are unique and a true differentiator for our firms. I’m thrilled to officially welcome TriState Capital to the Raymond James family and look forward to continue growing together.”
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Eric Jacobs Joins Ritchie Bros. as Chief Financial Officer
June 6, 2022Ritchie Bros. Auctioneers (NYSE: RBA) and (TSX: RBA) ("Ritchie Bros." or the "Company"), a leading global asset management, disposition, and services company is pleased to announce that Eric Jacobs will be joining the Company as its Chief Financial Officer, effective June 6, 2022
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Accord Financial Appoints Irene Eddy as Interim Chief Financial Officer
June 6, 2022Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announced the appointment of Irene Eddy as interim CFO effective June 15, 2022 alongside the departure of Stuart Adair, the company’s long-time CFO. Eddy joined Accord in 2019 as Senior Vice President, Capital Markets, and as a member of the executive leadership team, helped guide corporate strategy and planning.
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FNB Hires Cassandra Cooper as Manager of Diversity and Inclusion
June 6, 2022F.N.B. Corporation (NYSE: FNB) and its banking subsidiary, First National Bank, announced the hiring of Cassandra Cooper as Manager of Diversity and Inclusion (D&I). In this role, Cooper works closely with FNB's leadership team, Diversity Council and lines of business on the ongoing strategic development and execution of the Company's internal and customer- and community-facing D&I efforts.
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Silver Spike Investment Corp. Co-Leads up to $170 million Senior Secured Term Loan to Shryne Group Inc.
June 6, 2022Silver Spike Investment Corp. (NASDAQ: SSIC) (“Silver Spike”) today announced it has co-led a senior secured term loan of up to $170 million to Shryne Group Inc. (“Shryne”). Shryne cultivates, manufactures, distributes and retails branded cannabis products at scale, and owns and operates award-winning brands, including Stiiizy.
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Morningstar, Inc. Completes Acquisition of Leveraged Commentary & Data
June 6, 2022Morningstar, Inc., a leading provider of independent investment research (Nasdaq: MORN), has completed its previously announced acquisition of Leveraged Commentary & Data (LCD), a market leader in news, research, data, insights, and indexes for the leveraged finance market from S&P Global.
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J D Factors Announces Factoring Facilities
June 6, 2022J D Factors announced it provide the following factoring facilities: $200,000 to a transportation company in New Jersey; $250,000 to a transportation company in Alberta; $500,000 to a transportation company in Arizona; $250,000 to a transportation company in Ontario.
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Paul Hastings Adds Renowned Financial Services Investigations, Regulation, and Litigation Team
June 6, 2022Paul Hastings today announced the arrival of a high-profile team specializing in the representation of banks, non-bank financial institutions, fintechs, and other companies providing financial products and services. Jonice Gray Tucker, Matthew Previn, Aaron Mahler, and Kari Hall bring deep expertise representing financial services clients.
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Comvest Credit Partners Provides $175 Million Senior Credit Facility to Raven Engineered Films
June 6, 2022Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a $175 million senior secured credit facility (the “Financing”) to Raven Engineered Films (“Raven”), a Sioux Falls, S.D.-based specialty plastics manufacturer.
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Nav Teams Up with Marcus by Goldman Sachs® to Offer Small Business Owners Lines of Credit
June 6, 2022Today, Nav Technologies, Inc. (“Nav”), a simple and intelligent financing platform for small businesses, announced a partnership with Marcus by Goldman Sachs to offer small business owners financially smart lines of credit with fixed rates, no origination or maintenance fees, and a fully digital experience.
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REV Capital Celebrates Fifth Anniversary with Innovative Rebranding Strategy
June 2, 2022Revolution Capital, the leading provider of factoring and cashflow financing in Canada and the United States celebrates five years of rapid growth! To commemorate the occasion, the company is rebranding to REV Capital.
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Standard Motor Products, Inc. Announces New $500 Million Credit Facility
June 2, 2022Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $500 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders, which includes a $100 million term loan and $400 million revolving credit facility (the "New Credit Facility").
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Charter Extends Maturities and Increases Certain of Its Credit Facilities
June 2, 2022Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiary, Charter Communications Operating, LLC ("CCO"), entered into an amendment (the "Amendment") to CCO's Credit Agreement on May 26, 2022 to: (i) convert all of CCO's Term A-4 Loans to Term A-5 Loans, (ii) borrow $2.85 billion additional Term A-5 Loans and extend the maturity of the Term A-5 Loans to August 31, 2027, (iii) create and borrow a new tranche of $500 million of Term A-6
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Simmons Bank Expands Metro Market Development Leadership
June 6, 2022Simmons Bank announced today the expansion of the Business Development team across the organization with the promotions of Laura Condley, Tim Maiden, Dion Grey and the additions of Erica Preston and Ray Torrence, III. With the creation of the Metro Market Development group announced earlier this year, these key leadership roles oversee private client and business banking, deepen and develop customer relationships as well as provide collaborative financial solutions across all business channels.
-
Norton Rose Fulbright Adds West Coast Partner to its Industry-leading Projects and Renewable Energy Practice
June 6, 2022Global law firm Norton Rose Fulbright today announced that renewable energy lawyer Elizabeth Sluder has joined its top-tier projects team as a partner in Los Angeles. Sluder focuses on project finance, mergers and acquisitions, private equity and general corporate matters.
-
Jeffrey Zinn Joins Vida Capital as Managing Director, Private Credit
June 6, 2022Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced that Jeffrey Zinn has joined the firm as Managing Director, Private Credit. Mr. Zinn will be based in New York and report to David Gussmann, Senior Managing Director, Private Credit.
-
May Total Commercial Chapter 11 Bankruptcy Filings Increased 34 Percent Over the Same Period Last Year
June 6, 2022There were 330 commercial chapter 11 filings registered in May 2022, an increase of 34 percent from the 246 filings in May 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings decreased 4 percent in May 2022, as the 1,738 filings were down from the 1,813 commercial filings registered in May 2021.
-
Former JP Morgan Executive Erik Oken Joins MidOcean Partners
June 6, 2022MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Erik Oken, former Global Chairman of Investment Banking at JP Morgan, has joined the firm as Chairman of MidOcean’s private equity business.
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Gatekeeper Announces $8M in TD Bank Working Capital Facilities to Enable Growth
June 6, 2022The Company has entered a revolving credit facility (“Credit Facility”) with Toronto Dominion Bank pursuant to which the Company may draw up to CAD $6 million for working capital provisions. Interest on the Credit Facility is based on either the Canadian bank prime rate plus 0.85 percent or US bank base rate plus 0.75 percent.
-
MidCap Financial Closes Senior Secured Credit Facility and Preferred Equity to Bob’s Stores and Eastern Mountain Sports
June 6, 2022MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $60,000,000 senior secured credit facility, comprising a $50,000,000 asset-based revolving line of credit and $10,000,000 term loan, as well as a $500,000 preferred equity co-investment to Bob’s Stores (“Bob’s”) and Eastern Mountain Sports (“EMS”).
-
Raymond James Completes Acquisition Of TriState Capital Holdings, Inc.
June 6, 2022“The strategic and cultural fit between Raymond James and TriState has been continually reinforced as our teams have worked toward this point over the last few months,” said Raymond James Chair and CEO Paul Reilly. “Our collective focus on client-first values and a long-term horizon are unique and a true differentiator for our firms. I’m thrilled to officially welcome TriState Capital to the Raymond James family and look forward to continue growing together.”
-
Eric Jacobs Joins Ritchie Bros. as Chief Financial Officer
June 6, 2022Ritchie Bros. Auctioneers (NYSE: RBA) and (TSX: RBA) ("Ritchie Bros." or the "Company"), a leading global asset management, disposition, and services company is pleased to announce that Eric Jacobs will be joining the Company as its Chief Financial Officer, effective June 6, 2022
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Accord Financial Appoints Irene Eddy as Interim Chief Financial Officer
June 6, 2022Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announced the appointment of Irene Eddy as interim CFO effective June 15, 2022 alongside the departure of Stuart Adair, the company’s long-time CFO. Eddy joined Accord in 2019 as Senior Vice President, Capital Markets, and as a member of the executive leadership team, helped guide corporate strategy and planning.
-
FNB Hires Cassandra Cooper as Manager of Diversity and Inclusion
June 6, 2022F.N.B. Corporation (NYSE: FNB) and its banking subsidiary, First National Bank, announced the hiring of Cassandra Cooper as Manager of Diversity and Inclusion (D&I). In this role, Cooper works closely with FNB's leadership team, Diversity Council and lines of business on the ongoing strategic development and execution of the Company's internal and customer- and community-facing D&I efforts.
-
Silver Spike Investment Corp. Co-Leads up to $170 million Senior Secured Term Loan to Shryne Group Inc.
June 6, 2022Silver Spike Investment Corp. (NASDAQ: SSIC) (“Silver Spike”) today announced it has co-led a senior secured term loan of up to $170 million to Shryne Group Inc. (“Shryne”). Shryne cultivates, manufactures, distributes and retails branded cannabis products at scale, and owns and operates award-winning brands, including Stiiizy.
-
Morningstar, Inc. Completes Acquisition of Leveraged Commentary & Data
June 6, 2022Morningstar, Inc., a leading provider of independent investment research (Nasdaq: MORN), has completed its previously announced acquisition of Leveraged Commentary & Data (LCD), a market leader in news, research, data, insights, and indexes for the leveraged finance market from S&P Global.
-
J D Factors Announces Factoring Facilities
June 6, 2022J D Factors announced it provide the following factoring facilities: $200,000 to a transportation company in New Jersey; $250,000 to a transportation company in Alberta; $500,000 to a transportation company in Arizona; $250,000 to a transportation company in Ontario.
-
Paul Hastings Adds Renowned Financial Services Investigations, Regulation, and Litigation Team
June 6, 2022Paul Hastings today announced the arrival of a high-profile team specializing in the representation of banks, non-bank financial institutions, fintechs, and other companies providing financial products and services. Jonice Gray Tucker, Matthew Previn, Aaron Mahler, and Kari Hall bring deep expertise representing financial services clients.
-
Comvest Credit Partners Provides $175 Million Senior Credit Facility to Raven Engineered Films
June 6, 2022Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a $175 million senior secured credit facility (the “Financing”) to Raven Engineered Films (“Raven”), a Sioux Falls, S.D.-based specialty plastics manufacturer.
-
Nav Teams Up with Marcus by Goldman Sachs® to Offer Small Business Owners Lines of Credit
June 6, 2022Today, Nav Technologies, Inc. (“Nav”), a simple and intelligent financing platform for small businesses, announced a partnership with Marcus by Goldman Sachs to offer small business owners financially smart lines of credit with fixed rates, no origination or maintenance fees, and a fully digital experience.
-
REV Capital Celebrates Fifth Anniversary with Innovative Rebranding Strategy
June 2, 2022Revolution Capital, the leading provider of factoring and cashflow financing in Canada and the United States celebrates five years of rapid growth! To commemorate the occasion, the company is rebranding to REV Capital.
-
Standard Motor Products, Inc. Announces New $500 Million Credit Facility
June 2, 2022Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $500 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders, which includes a $100 million term loan and $400 million revolving credit facility (the "New Credit Facility").
-
Charter Extends Maturities and Increases Certain of Its Credit Facilities
June 2, 2022Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiary, Charter Communications Operating, LLC ("CCO"), entered into an amendment (the "Amendment") to CCO's Credit Agreement on May 26, 2022 to: (i) convert all of CCO's Term A-4 Loans to Term A-5 Loans, (ii) borrow $2.85 billion additional Term A-5 Loans and extend the maturity of the Term A-5 Loans to August 31, 2027, (iii) create and borrow a new tranche of $500 million of Term A-6
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