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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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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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Earthstone Energy, Inc. Announces Extension of Revolving Credit Facility and Increased Borrowing Base
June 2, 2022Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone" or the "Company"), announced today it entered into an amendment to the Company's senior secured revolving credit facility (the "Credit Facility"), extending the maturity of the Credit Facility to June 2027, increasing the Borrowing Base from $1.325 billion to $1.4 billion and reducing the interest rate for amounts outstanding, amongst other things.
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Inland Bank and Trust Closes $1.6 Million Commercial Term Loan for Maryland and Montana Financial Advisor Practice
June 2, 2022Inland Bank and Trust (“Inland Bank”) is pleased to announce the closing of two commercial term loans totaling $1.6 million for an Inland Bank Financial Advisor Loan Program client with offices in Maryland and Montana. Tiffany Tyson, vice president – commercial lending with Inland Bank, originated both loans.
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U. S. Steel Extends Sustainability-Linked ABL Credit Facility
June 2, 2022United States Steel Corporation (NYSE: X) (“U. S. Steel” or the “company”) today announced that it has completed an amendment and restatement of the company’s $1.75 billion asset-based sustainability-linked credit facility (the “ABL”). JPMorgan Chase Bank, N.A. acted as Administrative Agent and Collateral Agent. J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in connection with the U. S. Steel sustainability-linked ABL.
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Wolters Kluwer’s Suzanne Konstance named a Women in Secured Finance 2022 honoree
June 2, 2022Suzanne Konstance, Vice President and Leader of Wolters Kluwer Compliance Solutions’ Lien Solutions group, has been named to the Secured Finance Network’s list of “2022 Women in Secured Finance.” The recognition program, which is free to enter, included a recently published Q&A of honorees in SFNet’s monthly publication, The Secured Lender, with Konstance among this year’s featured “Leading the Way Forward” inductees
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Houlihan Lokey Expands Its Financial and Valuation Advisory Business in India
June 2, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Rishi Aswani has joined the firm’s Financial and Valuation Advisory (FVA) business in Mumbai as a Managing Director in the Portfolio Valuation and Fund Advisory Services practice.
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F.N.B. Corporation Strengthens North Carolina Presence With Pending Acquisition of UB Bancorp
June 2, 2022F.N.B. Corporation ("FNB") (NYSE: FNB) and UB Bancorp (OTCQX: UBNC) today announced the signing of a definitive merger agreement for FNB to acquire UB Bancorp, including its wholly-owned banking subsidiary, Union Bank, in an all-stock transaction valued at $19.56 per share, or a fully diluted market value of approximately $117 million, based upon the closing stock price of FNB as of Tuesday, May 31, 2022.
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Great Rock Capital Closes Credit Facility with Leading Metal Roof Distributor
June 1, 2022Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured credit facility with a leading distributor of metal coils and sheets to the metal roofing industry located in Florida.
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SLR Business Credit Announces Rebranding of Subsidiary Fast Pay Partners to SLR Digital Finance
June 1, 2022SLR Business Credit has announced that its subsidiary Fast Pay Partners has been rebranded as SLR Digital Finance (“SLRDF”). SLRDF provides asset-based loans and factoring facilities to ad tech and digital media businesses throughout the United States with borrowing needs ranging from $200,000 to $50 million.
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Oxford Finance Announces the Closing of a $30 Million Credit Facility With Selux Diagnostics
June 1, 2022Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, is announcing the closing of a $30 million senior secured term loan with Selux Diagnostic, Inc. (“Selux” or “the Company”), a Boston-based medical device company leading a new era in personalized diagnostics to combat superbug infections and fight antibiotic resistance.
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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.
-
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.
-
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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Earthstone Energy, Inc. Announces Extension of Revolving Credit Facility and Increased Borrowing Base
June 2, 2022Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone" or the "Company"), announced today it entered into an amendment to the Company's senior secured revolving credit facility (the "Credit Facility"), extending the maturity of the Credit Facility to June 2027, increasing the Borrowing Base from $1.325 billion to $1.4 billion and reducing the interest rate for amounts outstanding, amongst other things.
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Inland Bank and Trust Closes $1.6 Million Commercial Term Loan for Maryland and Montana Financial Advisor Practice
June 2, 2022Inland Bank and Trust (“Inland Bank”) is pleased to announce the closing of two commercial term loans totaling $1.6 million for an Inland Bank Financial Advisor Loan Program client with offices in Maryland and Montana. Tiffany Tyson, vice president – commercial lending with Inland Bank, originated both loans.
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U. S. Steel Extends Sustainability-Linked ABL Credit Facility
June 2, 2022United States Steel Corporation (NYSE: X) (“U. S. Steel” or the “company”) today announced that it has completed an amendment and restatement of the company’s $1.75 billion asset-based sustainability-linked credit facility (the “ABL”). JPMorgan Chase Bank, N.A. acted as Administrative Agent and Collateral Agent. J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in connection with the U. S. Steel sustainability-linked ABL.
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Wolters Kluwer’s Suzanne Konstance named a Women in Secured Finance 2022 honoree
June 2, 2022Suzanne Konstance, Vice President and Leader of Wolters Kluwer Compliance Solutions’ Lien Solutions group, has been named to the Secured Finance Network’s list of “2022 Women in Secured Finance.” The recognition program, which is free to enter, included a recently published Q&A of honorees in SFNet’s monthly publication, The Secured Lender, with Konstance among this year’s featured “Leading the Way Forward” inductees
-
Houlihan Lokey Expands Its Financial and Valuation Advisory Business in India
June 2, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Rishi Aswani has joined the firm’s Financial and Valuation Advisory (FVA) business in Mumbai as a Managing Director in the Portfolio Valuation and Fund Advisory Services practice.
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F.N.B. Corporation Strengthens North Carolina Presence With Pending Acquisition of UB Bancorp
June 2, 2022F.N.B. Corporation ("FNB") (NYSE: FNB) and UB Bancorp (OTCQX: UBNC) today announced the signing of a definitive merger agreement for FNB to acquire UB Bancorp, including its wholly-owned banking subsidiary, Union Bank, in an all-stock transaction valued at $19.56 per share, or a fully diluted market value of approximately $117 million, based upon the closing stock price of FNB as of Tuesday, May 31, 2022.
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Great Rock Capital Closes Credit Facility with Leading Metal Roof Distributor
June 1, 2022Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured credit facility with a leading distributor of metal coils and sheets to the metal roofing industry located in Florida.
-
SLR Business Credit Announces Rebranding of Subsidiary Fast Pay Partners to SLR Digital Finance
June 1, 2022SLR Business Credit has announced that its subsidiary Fast Pay Partners has been rebranded as SLR Digital Finance (“SLRDF”). SLRDF provides asset-based loans and factoring facilities to ad tech and digital media businesses throughout the United States with borrowing needs ranging from $200,000 to $50 million.
-
Oxford Finance Announces the Closing of a $30 Million Credit Facility With Selux Diagnostics
June 1, 2022Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, is announcing the closing of a $30 million senior secured term loan with Selux Diagnostic, Inc. (“Selux” or “the Company”), a Boston-based medical device company leading a new era in personalized diagnostics to combat superbug infections and fight antibiotic resistance.
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