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Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base
May 3, 2022Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian", the "Company", "we" or "our"), announced that last week it completed an amendment to its senior secured revolving credit facility ("Credit Facility").
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Baker Donelson Adds Commercial Financial Attorney Anthony C. Cianciotti to Financial Services Transactions Group
May 3, 2022Anthony C. Cianciotti, an experienced commercial finance and transactional attorney, has joined Baker Donelson as a member of the Firm's Financial Services Transactions Group.
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Siena Lending Group closes a $30 million credit facility for CST Industries, Inc.
May 2, 2022Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $30 million asset-based credit facility for CST Industries, Inc. (“CST” or the “Company”).
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Blue Ridge Bank Expands Middle Market Banking Effort
May 2, 2022Blue Ridge Bank, N.A. (the "Bank"), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), today announced the establishment of its middle market banking division.
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Citizens leads new credit facility for 1A Auto, Inc.
May 2, 2022Citizens is leading a new senior secured credit facility for Nashua, N.H.-based 1A Auto, Inc., a leading specialty e-tailer of automotive products. Citizens is Lead Left Arranger and Administrative Agent.
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Second Avenue Capital Partners provides a senior secured credit facility to MARIA TASH
May 2, 2022Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced today it has provided a senior secured credit facility to MARIA TASH, a fine jewelry and luxury piercing brand founded by designer Maria Tashjian.
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Catalina Consuegra Joins Greystone as Vice President, DEI
May 2, 2022Greystone, a leading national commercial real estate finance company, announced that Catalina Consuegra has joined the firm as a Vice President of Diversity, Equity & Inclusion, reporting to Pranika Sinha, Managing Director and head of the firm’s DEI strategy and efforts.
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New Leadership Team Joins WEX to Lead Capital Solutions Business
May 2, 2022WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announces the launch of WEX Capital.
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BHI appoints David Jeddah, VP, Relationship Manager and Benjamin Azizi, VP, Relationship Manager
May 2, 2022BHI, a full-service commercial bank, announced that its Commercial Real Estate Group is continuing to expand its team and breadth of products.
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Huntington Business Credit Deal Announcement with Designer Brands Inc.
May 2, 2022Huntington Business Credit acting as Administrative Agent, Joint Bookrunner and Joint Lead Arranger announced it closed a new $550,000,000 credit facility with Designer Brands Inc. on March 30, 2022.
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Treace Secures Up to $150 Million in Debt Financing
May 2, 2022Treace Medical Concepts, Inc., a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has entered into a new five-year $150 million loan arrangement with MidCap Financial, comprising up to $120 million in term loans and a $30 million revolving credit facility.
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Armstrong Flooring Stock Tumbles as Warns Bankruptcy Likely
May 2, 2022Armstrong Flooring Inc. stock tumbled more than 50% in premarket trading Monday after the company warned it has yet to reach a deal to sell itself and the company will likely seek bankruptcy protection.
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Goldman Sachs recently offered its first Bitcoin (BTC)-backed loan
May 2, 2022The large investment bank announced the opening of its first-ever loan facility backed by Bitcoin. This comes a few months after their $100k price forecast for the popular cryptocurrency.
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AFC Gamma Secures $60 Million Senior Revolving Credit Facility with Commitments from Two FDIC-Insured Banks
May 2, 2022AFC Gamma, Inc. today announced that it has entered into a senior secured revolving credit facility with $60 million of current commitments from two FDIC-insured banks and the ability to increase the facility to $100 million.
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National Citizens Business Conditions Index™ Soars to Record High Even as Economic Uncertainty Grows
May 2, 2022Citizens announced today that the national Citizens Business Conditions Index™ (CBCI) reached 59.5 for the first quarter of 2022, up markedly from 54.4 at the end of 2021 and reaching its highest level since Citizens began tracking the data in 2014, suggesting that lessons learned by businesses during the pandemic coupled with strong consumer demand were a potent combination.
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Global M&A Activity Dropped in Q1 2022 Following Staggering Growth in 2021, says GlobalData
May 2, 2022Global merger and acquisition (M&A) activity has clearly weakened in the first quarter of 2022, according to GlobalData, with total transaction value dropping to $725 billion—almost 23% lower than Q4 2021. The leading data and analytics company notes that this is a sign that activity is going back to ‘normal’, after the staggering growth seen in 2021.
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SmileDirectClub Completes New $255 Million Secured Debt Facility
May 2, 2022SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced that SDC U.S. SmilePay SPV (“SPV”), a wholly-owned special purpose subsidiary of the Company, completed a new $255 million secured debt facility, strengthening the Company’s liquidity and providing greater flexibility to fuel its continued operations and future growth plans.
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Celtic Capital Corporation Provides Accounts Receivable Line of Credit to two Washington-based Affiliated Companies
May 2, 2022Celtic Capital Corporation today announced its most recent new client relationship – two Washington-based affiliated companies in the environmental and industrial hygiene consulting business. These Companies were referred to Celtic Capital by their Chairman who knew of Celtic Capital from a former position he held with a turnaround and restructuring firm.
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Cushman & Wakefield Announces an Amendment and Extension of Credit Facility
May 2, 2022Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced that the firm has amended its current Credit Agreement to increase the revolving commitments from $1.0 billion to $1.1 billion and has also extended the maturity date for the revolving credit facility from August 21, 2023 to April 28, 2027. All other terms are substantially similar to the existing credit facility.
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Pluribus Technologies Corp. Announces New Three-Year, $42 Million Credit Facility
April 28, 2022Pluribus Technologies Corp. (TSXV: PLRB) (the "Company") today announced that it has entered into an agreement for a new three-year, $42.0 million credit facility (the "New Facility") with National Bank of Canada. The New Facility replaces Pluribus' existing facilities that were set to mature at various intervals between 2022 to 2024.
-
Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base
May 3, 2022Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian", the "Company", "we" or "our"), announced that last week it completed an amendment to its senior secured revolving credit facility ("Credit Facility").
-
Baker Donelson Adds Commercial Financial Attorney Anthony C. Cianciotti to Financial Services Transactions Group
May 3, 2022Anthony C. Cianciotti, an experienced commercial finance and transactional attorney, has joined Baker Donelson as a member of the Firm's Financial Services Transactions Group.
-
Siena Lending Group closes a $30 million credit facility for CST Industries, Inc.
May 2, 2022Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $30 million asset-based credit facility for CST Industries, Inc. (“CST” or the “Company”).
-
Blue Ridge Bank Expands Middle Market Banking Effort
May 2, 2022Blue Ridge Bank, N.A. (the "Bank"), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), today announced the establishment of its middle market banking division.
-
Citizens leads new credit facility for 1A Auto, Inc.
May 2, 2022Citizens is leading a new senior secured credit facility for Nashua, N.H.-based 1A Auto, Inc., a leading specialty e-tailer of automotive products. Citizens is Lead Left Arranger and Administrative Agent.
-
Second Avenue Capital Partners provides a senior secured credit facility to MARIA TASH
May 2, 2022Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced today it has provided a senior secured credit facility to MARIA TASH, a fine jewelry and luxury piercing brand founded by designer Maria Tashjian.
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Catalina Consuegra Joins Greystone as Vice President, DEI
May 2, 2022Greystone, a leading national commercial real estate finance company, announced that Catalina Consuegra has joined the firm as a Vice President of Diversity, Equity & Inclusion, reporting to Pranika Sinha, Managing Director and head of the firm’s DEI strategy and efforts.
-
New Leadership Team Joins WEX to Lead Capital Solutions Business
May 2, 2022WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announces the launch of WEX Capital.
-
BHI appoints David Jeddah, VP, Relationship Manager and Benjamin Azizi, VP, Relationship Manager
May 2, 2022BHI, a full-service commercial bank, announced that its Commercial Real Estate Group is continuing to expand its team and breadth of products.
-
Huntington Business Credit Deal Announcement with Designer Brands Inc.
May 2, 2022Huntington Business Credit acting as Administrative Agent, Joint Bookrunner and Joint Lead Arranger announced it closed a new $550,000,000 credit facility with Designer Brands Inc. on March 30, 2022.
-
Treace Secures Up to $150 Million in Debt Financing
May 2, 2022Treace Medical Concepts, Inc., a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has entered into a new five-year $150 million loan arrangement with MidCap Financial, comprising up to $120 million in term loans and a $30 million revolving credit facility.
-
Armstrong Flooring Stock Tumbles as Warns Bankruptcy Likely
May 2, 2022Armstrong Flooring Inc. stock tumbled more than 50% in premarket trading Monday after the company warned it has yet to reach a deal to sell itself and the company will likely seek bankruptcy protection.
-
Goldman Sachs recently offered its first Bitcoin (BTC)-backed loan
May 2, 2022The large investment bank announced the opening of its first-ever loan facility backed by Bitcoin. This comes a few months after their $100k price forecast for the popular cryptocurrency.
-
AFC Gamma Secures $60 Million Senior Revolving Credit Facility with Commitments from Two FDIC-Insured Banks
May 2, 2022AFC Gamma, Inc. today announced that it has entered into a senior secured revolving credit facility with $60 million of current commitments from two FDIC-insured banks and the ability to increase the facility to $100 million.
-
National Citizens Business Conditions Index™ Soars to Record High Even as Economic Uncertainty Grows
May 2, 2022Citizens announced today that the national Citizens Business Conditions Index™ (CBCI) reached 59.5 for the first quarter of 2022, up markedly from 54.4 at the end of 2021 and reaching its highest level since Citizens began tracking the data in 2014, suggesting that lessons learned by businesses during the pandemic coupled with strong consumer demand were a potent combination.
-
Global M&A Activity Dropped in Q1 2022 Following Staggering Growth in 2021, says GlobalData
May 2, 2022Global merger and acquisition (M&A) activity has clearly weakened in the first quarter of 2022, according to GlobalData, with total transaction value dropping to $725 billion—almost 23% lower than Q4 2021. The leading data and analytics company notes that this is a sign that activity is going back to ‘normal’, after the staggering growth seen in 2021.
-
SmileDirectClub Completes New $255 Million Secured Debt Facility
May 2, 2022SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced that SDC U.S. SmilePay SPV (“SPV”), a wholly-owned special purpose subsidiary of the Company, completed a new $255 million secured debt facility, strengthening the Company’s liquidity and providing greater flexibility to fuel its continued operations and future growth plans.
-
Celtic Capital Corporation Provides Accounts Receivable Line of Credit to two Washington-based Affiliated Companies
May 2, 2022Celtic Capital Corporation today announced its most recent new client relationship – two Washington-based affiliated companies in the environmental and industrial hygiene consulting business. These Companies were referred to Celtic Capital by their Chairman who knew of Celtic Capital from a former position he held with a turnaround and restructuring firm.
-
Cushman & Wakefield Announces an Amendment and Extension of Credit Facility
May 2, 2022Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced that the firm has amended its current Credit Agreement to increase the revolving commitments from $1.0 billion to $1.1 billion and has also extended the maturity date for the revolving credit facility from August 21, 2023 to April 28, 2027. All other terms are substantially similar to the existing credit facility.
-
Pluribus Technologies Corp. Announces New Three-Year, $42 Million Credit Facility
April 28, 2022Pluribus Technologies Corp. (TSXV: PLRB) (the "Company") today announced that it has entered into an agreement for a new three-year, $42.0 million credit facility (the "New Facility") with National Bank of Canada. The New Facility replaces Pluribus' existing facilities that were set to mature at various intervals between 2022 to 2024.
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