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RealManage Announces the Successful Closing of up to $100M Debt Capital
May 16, 2022RealManage is pleased to announce the successful closing of up to $100 million of debt capital. On February 16, 2022, Prosperity Bank led and served as the administrative agent of the credit facility, which includes a syndicate of institutional lenders.
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GoldenTree Announces Closing of $599 Million CLO Under GLM Strategy
May 16, 2022GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers "GoldenTree"), announced the closing of a $599 million collateralized loan obligation ("CLO") to be managed by GLM II.
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Smart for Life Executes Letter of Intent with Diamond Creek Capital for $4 Million Senior Credit Facility
May 16, 2022mart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leading developer, marketer, and manufacturer of nutritional and related products, announced today that it has executed a non-binding letter of intent with Diamond Creek Capital, LLC for the provision of a senior secured credit facility up to $4,000,000 principally to assist in its acquisition of 100% of the membership interests in Ceautamed Worldwide, LLC.
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Sol Gindi Named Head of Wells Fargo Advisors, Jim Hays to Retire
May 16, 2022Wells Fargo & Company today announced that Sol Gindi is the new head of Wells Fargo Advisors (WFA) and head of the Wealth & Investment Management (WIM) Client Relationship Group, reporting to Barry Sommers, head of WIM. In this role, Gindi will lead the Wells Fargo brokerage and wealth management channels, the independent business, and First Clearing. Every advisor leading a client relationship reports up to him.
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Pareteum to Use Voluntary Chapter 11 Process to Facilitate Efficient Sale Process and Position Business for Long-Term Success; Company to Maintain Operations as Usual
May 16, 2022Pareteum Corporation (OTC: TEUM) and certain affiliates (collectively, "Pareteum" or the "Company"), a global cloud Communications-Platform-as-a-Service (CPaaS) company, today announced that the Company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").
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Liquidibee Secures up to 50mm Credit Facility
May 16, 2022Liquidibee, one of the fastest growing U.S. specialty finance companies serving small- and medium-sized businesses "SMBs", announces the close of a multi-draw funding credit facility. The credit line will provide Liquidibee a same-day capital provider with borrowing capacity up to $50 million to expand on its current business operations and further strengthen Liquidibee's ability to provide immediate funding for SMBs throughout the US.
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Amerisource Closes $1,000,000 Credit Facility for Technology Firm
May 16, 2022Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Maryland based data solutions firm. The proceeds were used to provide working capital for the company’s rapid growth.
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ARI Global & EX-IM Bank Combine in Support of Florida Exporter’s Rapid Growth
May 16, 2022A supplier of motor controls within the state of Florida partnered with ARI Global and the Export-Import Bank of the United States (EXIM Bank) to support the expansion efforts of their international sales. Through the creation of a program to insure the entire portfolio of Foreign Accounts Receivable, via single debtor limits and a discretionary credit limit, a local bank was willing to provide a credit-backed working capital line of the insured receivables.
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BHI Appoints Noam Katz as Head of High-Tech, First Vice President
May 16, 2022BHI, a full-service commercial bank, announced that it has appointed Noam Katz as Head of High-Tech, First Vice President. With a banking career that spans 15 years, Katz will oversee a team of relationship managers, as well as develop and manage BHI’s customer portfolio in the technology industry.
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SK Capital Announces Richard Jackson as Managing Director
May 16, 2022SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, specialty chemicals and pharmaceuticals sectors, today announced the hiring of Richard Jackson as Managing Director, Head of Capital Markets.
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Allspring Global Investments Names Melissa Murphy to Lead PR
May 16, 2022Allspring Global Investments (Allspring), a leading independent asset manager with more than $541 billion in assets under management,* today announced a new senior hire on its corporate communications team.
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M&T Bank Names Michael Seaver Vermont Regional President and Head of Commercial Banking for the State
May 16, 2022Michael Seaver has been named Vermont Regional President and Head of Commercial Banking across the state for M&T Bank, a role he has held with People's United Bank since 2009. Seaver will ensure collaboration across all lines of business and community banking activities, providing value for customers, businesses and communities across the region.
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M&T Bank Names Frank Micalizzi Bridgeport Regional President and Head of Commercial Banking for Connecticut
May 16, 2022Frank Micalizzi has been named M&T Bank Bridgeport Regional President and Head of Commercial Banking for Connecticut. In his new role, Micalizzi will ensure collaboration across all lines of business and direct community banking activities that advance the bank's localized focus to provide more value for customers, businesses and communities throughout the region.
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Ametek Announces Amended Revolving Credit Facility
May 16, 2022AMETEK, Inc. (NYSE: AME) announced that it has completed an amended and restated Revolving Credit Facility increasing the size from $1.5 billion to $2.3 billion. The facility, previously due to expire in October 2023, now has a maturity date of May 2027. In conjunction with this expanded Revolving Credit Facility, AMETEK has terminated the $800 million delayed draw, bank term loan.
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World Class Automotive Injection Molding and Chrome Plating Facility Goes to Auction - COVID Disruption of Supply Chains Creates Opportunity for Acquiring Late Model Plastic Injection Molding Equipment in Queretaro, Mexico
May 16, 2022An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on June 2, 2022 in Colon, Queretaro, Mexico. Most of the equipment is new as of 2017, 2018 and 2019. The auction was originally scheduled for May 12 but has been moved to the new date.
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eCommerce Growth Platform Wayflyer Secures $300m in Debt Financing From J.P. Morgan
May 13, 2022Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, secured and began deploying $300m in debt financing from global financial services leader J.P. Morgan, with Neuberger Bermann acting as a mezzanine provider.
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Huntington National Bank Expands Digital Payments Through Acquisition of Fintech Torana
May 13, 2022Huntington National Bank, a subsidiary of Huntington Bancshares, Incorporated (Nasdaq: HBAN) announced today it has acquired Digital Payments Torana, Inc. (Torana), a business-to-consumer payments fintech based in San Francisco. Torana's digital payments solution, which will launch as Huntington ChoicePay, will further enhance Huntington's digital capabilities and advance Huntington's enterprise payments strategy.
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Retail M & A Leader Robert Grosskopf Joins Hilco Global Retail Team as Executive Vice President Hilco Merchant Resources
May 13, 2022Hilco Global is pleased to announce that Robert (Bob) Grosskopf, former Co-President of Gordon Brothers Retail Partners, has joined Hilco Merchant Resources (HMR) as an Executive Vice President. Mr. Grosskopf is a savvy veteran of the inventory disposition industry and will focus on executing transactions in connection with Retail Mergers & Acquisitions, Restructuring and other strategic initiatives at Hilco Merchant Resources.
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Amerisource Closes $10,000,000 Credit Facility for Instrumentation Firm
May 13, 2022Amerisource Business Capital announced the closing and funding of a $10,000,000 credit facility for a Texas based design, engineering, and manufacturing firm. The proceeds were used to provide working capital for the company’s expected growth.
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LSQ Provides $5 Million Working Capital Facility, AR Management Program for California Trucking Firm
May 13, 2022LSQ, a leading provider of working capital finance and payments solutions, recently created a $5 million working capital facility and accounts receivable management program for a California-based trucking and logistics company. The company will use the additional capital to support growth and new customer acquisition.
-
RealManage Announces the Successful Closing of up to $100M Debt Capital
May 16, 2022RealManage is pleased to announce the successful closing of up to $100 million of debt capital. On February 16, 2022, Prosperity Bank led and served as the administrative agent of the credit facility, which includes a syndicate of institutional lenders.
-
GoldenTree Announces Closing of $599 Million CLO Under GLM Strategy
May 16, 2022GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers "GoldenTree"), announced the closing of a $599 million collateralized loan obligation ("CLO") to be managed by GLM II.
-
Smart for Life Executes Letter of Intent with Diamond Creek Capital for $4 Million Senior Credit Facility
May 16, 2022mart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leading developer, marketer, and manufacturer of nutritional and related products, announced today that it has executed a non-binding letter of intent with Diamond Creek Capital, LLC for the provision of a senior secured credit facility up to $4,000,000 principally to assist in its acquisition of 100% of the membership interests in Ceautamed Worldwide, LLC.
-
Sol Gindi Named Head of Wells Fargo Advisors, Jim Hays to Retire
May 16, 2022Wells Fargo & Company today announced that Sol Gindi is the new head of Wells Fargo Advisors (WFA) and head of the Wealth & Investment Management (WIM) Client Relationship Group, reporting to Barry Sommers, head of WIM. In this role, Gindi will lead the Wells Fargo brokerage and wealth management channels, the independent business, and First Clearing. Every advisor leading a client relationship reports up to him.
-
Pareteum to Use Voluntary Chapter 11 Process to Facilitate Efficient Sale Process and Position Business for Long-Term Success; Company to Maintain Operations as Usual
May 16, 2022Pareteum Corporation (OTC: TEUM) and certain affiliates (collectively, "Pareteum" or the "Company"), a global cloud Communications-Platform-as-a-Service (CPaaS) company, today announced that the Company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").
-
Liquidibee Secures up to 50mm Credit Facility
May 16, 2022Liquidibee, one of the fastest growing U.S. specialty finance companies serving small- and medium-sized businesses "SMBs", announces the close of a multi-draw funding credit facility. The credit line will provide Liquidibee a same-day capital provider with borrowing capacity up to $50 million to expand on its current business operations and further strengthen Liquidibee's ability to provide immediate funding for SMBs throughout the US.
-
Amerisource Closes $1,000,000 Credit Facility for Technology Firm
May 16, 2022Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Maryland based data solutions firm. The proceeds were used to provide working capital for the company’s rapid growth.
-
ARI Global & EX-IM Bank Combine in Support of Florida Exporter’s Rapid Growth
May 16, 2022A supplier of motor controls within the state of Florida partnered with ARI Global and the Export-Import Bank of the United States (EXIM Bank) to support the expansion efforts of their international sales. Through the creation of a program to insure the entire portfolio of Foreign Accounts Receivable, via single debtor limits and a discretionary credit limit, a local bank was willing to provide a credit-backed working capital line of the insured receivables.
-
BHI Appoints Noam Katz as Head of High-Tech, First Vice President
May 16, 2022BHI, a full-service commercial bank, announced that it has appointed Noam Katz as Head of High-Tech, First Vice President. With a banking career that spans 15 years, Katz will oversee a team of relationship managers, as well as develop and manage BHI’s customer portfolio in the technology industry.
-
SK Capital Announces Richard Jackson as Managing Director
May 16, 2022SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, specialty chemicals and pharmaceuticals sectors, today announced the hiring of Richard Jackson as Managing Director, Head of Capital Markets.
-
Allspring Global Investments Names Melissa Murphy to Lead PR
May 16, 2022Allspring Global Investments (Allspring), a leading independent asset manager with more than $541 billion in assets under management,* today announced a new senior hire on its corporate communications team.
-
M&T Bank Names Michael Seaver Vermont Regional President and Head of Commercial Banking for the State
May 16, 2022Michael Seaver has been named Vermont Regional President and Head of Commercial Banking across the state for M&T Bank, a role he has held with People's United Bank since 2009. Seaver will ensure collaboration across all lines of business and community banking activities, providing value for customers, businesses and communities across the region.
-
M&T Bank Names Frank Micalizzi Bridgeport Regional President and Head of Commercial Banking for Connecticut
May 16, 2022Frank Micalizzi has been named M&T Bank Bridgeport Regional President and Head of Commercial Banking for Connecticut. In his new role, Micalizzi will ensure collaboration across all lines of business and direct community banking activities that advance the bank's localized focus to provide more value for customers, businesses and communities throughout the region.
-
Ametek Announces Amended Revolving Credit Facility
May 16, 2022AMETEK, Inc. (NYSE: AME) announced that it has completed an amended and restated Revolving Credit Facility increasing the size from $1.5 billion to $2.3 billion. The facility, previously due to expire in October 2023, now has a maturity date of May 2027. In conjunction with this expanded Revolving Credit Facility, AMETEK has terminated the $800 million delayed draw, bank term loan.
-
World Class Automotive Injection Molding and Chrome Plating Facility Goes to Auction - COVID Disruption of Supply Chains Creates Opportunity for Acquiring Late Model Plastic Injection Molding Equipment in Queretaro, Mexico
May 16, 2022An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on June 2, 2022 in Colon, Queretaro, Mexico. Most of the equipment is new as of 2017, 2018 and 2019. The auction was originally scheduled for May 12 but has been moved to the new date.
-
eCommerce Growth Platform Wayflyer Secures $300m in Debt Financing From J.P. Morgan
May 13, 2022Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, secured and began deploying $300m in debt financing from global financial services leader J.P. Morgan, with Neuberger Bermann acting as a mezzanine provider.
-
Huntington National Bank Expands Digital Payments Through Acquisition of Fintech Torana
May 13, 2022Huntington National Bank, a subsidiary of Huntington Bancshares, Incorporated (Nasdaq: HBAN) announced today it has acquired Digital Payments Torana, Inc. (Torana), a business-to-consumer payments fintech based in San Francisco. Torana's digital payments solution, which will launch as Huntington ChoicePay, will further enhance Huntington's digital capabilities and advance Huntington's enterprise payments strategy.
-
Retail M & A Leader Robert Grosskopf Joins Hilco Global Retail Team as Executive Vice President Hilco Merchant Resources
May 13, 2022Hilco Global is pleased to announce that Robert (Bob) Grosskopf, former Co-President of Gordon Brothers Retail Partners, has joined Hilco Merchant Resources (HMR) as an Executive Vice President. Mr. Grosskopf is a savvy veteran of the inventory disposition industry and will focus on executing transactions in connection with Retail Mergers & Acquisitions, Restructuring and other strategic initiatives at Hilco Merchant Resources.
-
Amerisource Closes $10,000,000 Credit Facility for Instrumentation Firm
May 13, 2022Amerisource Business Capital announced the closing and funding of a $10,000,000 credit facility for a Texas based design, engineering, and manufacturing firm. The proceeds were used to provide working capital for the company’s expected growth.
-
LSQ Provides $5 Million Working Capital Facility, AR Management Program for California Trucking Firm
May 13, 2022LSQ, a leading provider of working capital finance and payments solutions, recently created a $5 million working capital facility and accounts receivable management program for a California-based trucking and logistics company. The company will use the additional capital to support growth and new customer acquisition.
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