• TCG BDC, Inc. Rebrands to Carlyle Secured Lending, Inc.
    April 12, 2022
    TCG BDC, Inc. (“TCG BDC”) today announced that it will change its name to Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”, or the “Company”), effective April 11th, 2022.
  • The Ensign Group Announces New $600 Million Credit Facility
    April 12, 2022
    The Ensign Group, Inc. announced today that Ensign and its subsidiaries increased their credit facility by $250 million to an aggregate of $600 million. The borrowings are supported by a lending consortium arranged by Truist Securities.
  • Fasken Ranks #1 for M&A, Capital Markets in Canadian Q1 League Tables by Refinitiv, Bloomberg
    April 12, 2022
    In new league tables by Refinitiv and Bloomberg, the firm has been recognized as Canada's premier legal advisor across multiple categories. Notably, Fasken now ranks #1 on completed M&A deals with any Canadian involvement as measured by both deal value and deal count, according to Refinitiv. The firm jumped from #11 a year ago to #1 in Q1 2022 for deals by value, and rose from #2 to #1 for deals by volume
  • KKR Invests in Shriram General Insurance
    April 11, 2022
    KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment will position Shriram General Insurance for continued growth in India’s fast-growing general insurance industry.
  • Carebook Announces Extension and Amendment of Credit Facilities
    April 11, 2022
    Carebook Technologies Inc., a leading Canadian provider of innovative digital health solutions, is pleased to announce an amendment to its senior credit facilities with a leading Canadian Schedule I bank and one of its affiliates. Under the amendment, the Lenders have agreed to provide the Company with (i) a C$3 million demand revolving facility and (ii) a C$4 million non-revolving term loan facility, subject to mandatory repayment as described below.
  • Edison International Enters Term Loan Credit Agreement with the Lenders
    April 11, 2022
    On April 8, 2022, Edison International entered into a Term Loan Credit Agreement with the lenders named therein and Wells Fargo Bank, National Association, as Administrative Agent. The Term Loan Agreement provides for a $600 million term loan that matures on April 7, 2023.
  • MidCap Business Credit Launches new Equipment Finance Business, Increases Credit Facility with Wells Fargo Capital Finance
    April 11, 2022
    MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical, MidCap Equipment Finance, which will focus on providing equipment leases and loans between $2 million and $20 million to middle-market customers in the United States and Canada.
  • Latham & Watkins Advises Bank Syndicate On €2 Billion Credit Facility For Deutsche Lufthansa Ag
    April 11, 2022
    Latham & Watkins LLP advised the syndicate of 28 banks on a €2 billion syndicated revolving credit facility for Deutsche Lufthansa AG. The new credit line has a term of three years plus two one-year extension options ("3+1+1" years).
  • Stonegate Capital Announces a Senior Debt Investment in Clio Snacks
    April 11, 2022
    Stonegate Capital is excited to announce it has closed on a senior debt investment in Clio Snacks. Founded in 2015 by Sergey Konchakovskiy, Clio offers a line of handheld Greek Yogurt Bars and Granola & Yogurt Parfait Bars that combine the benefits of whole milk Greek yogurt - which are high in protein and probiotics - with an irresistible cheesecake-like texture and decadent dark chocolate coating.
  • SkyHive Receives Strategic Investment from Deutsche Bank
    April 11, 2022
    SkyHive, a workforce technology innovator that delivers powerful insights for improved human capital management (HCM), today announced that Deutsche Bank, Germany’s leading bank, has made a sizable equity investment in the company via its strategic Corporate Venture Capital unit. The funding coincides with SkyHive’s European incorporation and ineasing demand from multinational customers.
  • Nearly Half of Owners Report Increasing Compensation in March
    April 11, 2022
    Throughout 2021 and into 2022, the number of small business owners who report that they have unfilled job openings has been at historically high levels – significantly above the NFIB Small Business Jobs Report’s decades-long average. That trend continued in March, with more and more owners also increasing compensation.
  • Univest Bank and Trust Co. Appoints Patrick McCormick as Chief Credit Officer
    April 11, 2022
    Univest Bank and Trust Co., subsidiary of Univest Financial Corporation (NASDAQ: UVSP), announced the appointment of Patrick McCormick as Executive Vice President and Chief Credit Officer. McCormick brings nearly 20 years of credit experience in the financial services industry to his role. He will be responsible for overseeing credit policy and managing credit risk for the bank’s loan portfolio.
  • SLR Equipment Finance, Formerly Known as Nations Equipment Finance, Expands its business Development Capabilities and Announces That Erik Harke has Joined the Company
    April 11, 2022
    SLR Equipment Finance is pleased to announce Erik Harke has joined our company as a Vice President of Business Development. In his role, Harke will help grow SLR Equipment Finance’s leasing and lending activities in the West Coast region of the U.S. Harke began his career with Jules and Associates. He most recently was with Alliance Funding Group in Tustin, CA.
  • Jeanne Lapak Joins BankNewport as Chief Commercial Banking and Lending Officer
    April 11, 2022
    BankNewport is pleased to announce that Jeanne Lapak joined the Bank’s executive team in November 2021 as Executive Vice President, Chief Commercial Banking and Lending Officer, responsible for leading the Commercial and Business Banking Teams.
  • Heritage Global’s National Loan Exchange Division Appoints Ashley Arens-Yager as Assistant Vice President – Sale Operations
    April 11, 2022
    National Loan Exchange, Inc. (“NLEX”), a division of Heritage Global Inc. (Nasdaq: HGBL) and a leading loan sale advisor of charged off and nonperforming asset portfolios, announced today that Ashley Arens-Yager has joined its team as Assistant Vice President – Sale Operations, where she will interface with the buyer network and support the internal growth initiatives.
  • Global Net Lease Completes $1.45 Billion Credit Facility Recast, Upsized From Previous $1.1 Billion Facility
    April 11, 2022
    Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that the Company has replaced its existing credit facility with a new, $1.45 billion corporate revolving credit facility (the "Credit Facility") that has a 4.5-year term and improved pricing that is 15 basis points lower than the facility it replaced. The Credit Facility will be administered by Key Bank, N.A. and includes two six-month extension options.
  • Atlantic Sapphire Secures $25 Million Credit Facility
    April 11, 2022
    Atlantic Sapphire has secured an additional USD 25 million (EUR 22.9 million) credit facility, with DNB Capital LLC as the lender. The funds will be used to fully finance phase two of the company’s U.S. recirculating aquaculture system (RAS) project in Miami, Florida, U.S.A.
  • E2open Upsizes Existing Credit Agreement by $190 Million
    April 11, 2022
    E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, today announced it has amended and upsized its existing credit facility with an incremental term loan provided by Golub Capital.
  • BankUnited Opens New Atlanta Corporate Banking Office In Renewed Push to Expand Outside of Florida, New York
    April 11, 2022
    BankUnited, N.A., a wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), has opened a new corporate banking office in Atlanta, representing a renewed effort to expand outside of its core markets of Florida and New York. Adam Gordon has been hired as market executive and corporate banking team leader; the team will be working from the newly opened Atlanta office, 3500 Lenox Road, Suite 720.
  • Big Shoulders Capital and Iroquois Industrial Group Acquire Benda Manufacturing Assets
    April 11, 2022
    Big Shoulders Capital and Iroquois Industrial Group have formed a partnership to acquire the assets of Benda Manufacturing, a leader in conveyor and product handling systems for the food industry and other industries requiring integrated production line conveyors.
  • TCG BDC, Inc. Rebrands to Carlyle Secured Lending, Inc.
    April 12, 2022
    TCG BDC, Inc. (“TCG BDC”) today announced that it will change its name to Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”, or the “Company”), effective April 11th, 2022.
  • The Ensign Group Announces New $600 Million Credit Facility
    April 12, 2022
    The Ensign Group, Inc. announced today that Ensign and its subsidiaries increased their credit facility by $250 million to an aggregate of $600 million. The borrowings are supported by a lending consortium arranged by Truist Securities.
  • Fasken Ranks #1 for M&A, Capital Markets in Canadian Q1 League Tables by Refinitiv, Bloomberg
    April 12, 2022
    In new league tables by Refinitiv and Bloomberg, the firm has been recognized as Canada's premier legal advisor across multiple categories. Notably, Fasken now ranks #1 on completed M&A deals with any Canadian involvement as measured by both deal value and deal count, according to Refinitiv. The firm jumped from #11 a year ago to #1 in Q1 2022 for deals by value, and rose from #2 to #1 for deals by volume
  • KKR Invests in Shriram General Insurance
    April 11, 2022
    KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment will position Shriram General Insurance for continued growth in India’s fast-growing general insurance industry.
  • Carebook Announces Extension and Amendment of Credit Facilities
    April 11, 2022
    Carebook Technologies Inc., a leading Canadian provider of innovative digital health solutions, is pleased to announce an amendment to its senior credit facilities with a leading Canadian Schedule I bank and one of its affiliates. Under the amendment, the Lenders have agreed to provide the Company with (i) a C$3 million demand revolving facility and (ii) a C$4 million non-revolving term loan facility, subject to mandatory repayment as described below.
  • Edison International Enters Term Loan Credit Agreement with the Lenders
    April 11, 2022
    On April 8, 2022, Edison International entered into a Term Loan Credit Agreement with the lenders named therein and Wells Fargo Bank, National Association, as Administrative Agent. The Term Loan Agreement provides for a $600 million term loan that matures on April 7, 2023.
  • MidCap Business Credit Launches new Equipment Finance Business, Increases Credit Facility with Wells Fargo Capital Finance
    April 11, 2022
    MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical, MidCap Equipment Finance, which will focus on providing equipment leases and loans between $2 million and $20 million to middle-market customers in the United States and Canada.
  • Latham & Watkins Advises Bank Syndicate On €2 Billion Credit Facility For Deutsche Lufthansa Ag
    April 11, 2022
    Latham & Watkins LLP advised the syndicate of 28 banks on a €2 billion syndicated revolving credit facility for Deutsche Lufthansa AG. The new credit line has a term of three years plus two one-year extension options ("3+1+1" years).
  • Stonegate Capital Announces a Senior Debt Investment in Clio Snacks
    April 11, 2022
    Stonegate Capital is excited to announce it has closed on a senior debt investment in Clio Snacks. Founded in 2015 by Sergey Konchakovskiy, Clio offers a line of handheld Greek Yogurt Bars and Granola & Yogurt Parfait Bars that combine the benefits of whole milk Greek yogurt - which are high in protein and probiotics - with an irresistible cheesecake-like texture and decadent dark chocolate coating.
  • SkyHive Receives Strategic Investment from Deutsche Bank
    April 11, 2022
    SkyHive, a workforce technology innovator that delivers powerful insights for improved human capital management (HCM), today announced that Deutsche Bank, Germany’s leading bank, has made a sizable equity investment in the company via its strategic Corporate Venture Capital unit. The funding coincides with SkyHive’s European incorporation and ineasing demand from multinational customers.
  • Nearly Half of Owners Report Increasing Compensation in March
    April 11, 2022
    Throughout 2021 and into 2022, the number of small business owners who report that they have unfilled job openings has been at historically high levels – significantly above the NFIB Small Business Jobs Report’s decades-long average. That trend continued in March, with more and more owners also increasing compensation.
  • Univest Bank and Trust Co. Appoints Patrick McCormick as Chief Credit Officer
    April 11, 2022
    Univest Bank and Trust Co., subsidiary of Univest Financial Corporation (NASDAQ: UVSP), announced the appointment of Patrick McCormick as Executive Vice President and Chief Credit Officer. McCormick brings nearly 20 years of credit experience in the financial services industry to his role. He will be responsible for overseeing credit policy and managing credit risk for the bank’s loan portfolio.
  • SLR Equipment Finance, Formerly Known as Nations Equipment Finance, Expands its business Development Capabilities and Announces That Erik Harke has Joined the Company
    April 11, 2022
    SLR Equipment Finance is pleased to announce Erik Harke has joined our company as a Vice President of Business Development. In his role, Harke will help grow SLR Equipment Finance’s leasing and lending activities in the West Coast region of the U.S. Harke began his career with Jules and Associates. He most recently was with Alliance Funding Group in Tustin, CA.
  • Jeanne Lapak Joins BankNewport as Chief Commercial Banking and Lending Officer
    April 11, 2022
    BankNewport is pleased to announce that Jeanne Lapak joined the Bank’s executive team in November 2021 as Executive Vice President, Chief Commercial Banking and Lending Officer, responsible for leading the Commercial and Business Banking Teams.
  • Heritage Global’s National Loan Exchange Division Appoints Ashley Arens-Yager as Assistant Vice President – Sale Operations
    April 11, 2022
    National Loan Exchange, Inc. (“NLEX”), a division of Heritage Global Inc. (Nasdaq: HGBL) and a leading loan sale advisor of charged off and nonperforming asset portfolios, announced today that Ashley Arens-Yager has joined its team as Assistant Vice President – Sale Operations, where she will interface with the buyer network and support the internal growth initiatives.
  • Global Net Lease Completes $1.45 Billion Credit Facility Recast, Upsized From Previous $1.1 Billion Facility
    April 11, 2022
    Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that the Company has replaced its existing credit facility with a new, $1.45 billion corporate revolving credit facility (the "Credit Facility") that has a 4.5-year term and improved pricing that is 15 basis points lower than the facility it replaced. The Credit Facility will be administered by Key Bank, N.A. and includes two six-month extension options.
  • Atlantic Sapphire Secures $25 Million Credit Facility
    April 11, 2022
    Atlantic Sapphire has secured an additional USD 25 million (EUR 22.9 million) credit facility, with DNB Capital LLC as the lender. The funds will be used to fully finance phase two of the company’s U.S. recirculating aquaculture system (RAS) project in Miami, Florida, U.S.A.
  • E2open Upsizes Existing Credit Agreement by $190 Million
    April 11, 2022
    E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, today announced it has amended and upsized its existing credit facility with an incremental term loan provided by Golub Capital.
  • BankUnited Opens New Atlanta Corporate Banking Office In Renewed Push to Expand Outside of Florida, New York
    April 11, 2022
    BankUnited, N.A., a wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), has opened a new corporate banking office in Atlanta, representing a renewed effort to expand outside of its core markets of Florida and New York. Adam Gordon has been hired as market executive and corporate banking team leader; the team will be working from the newly opened Atlanta office, 3500 Lenox Road, Suite 720.
  • Big Shoulders Capital and Iroquois Industrial Group Acquire Benda Manufacturing Assets
    April 11, 2022
    Big Shoulders Capital and Iroquois Industrial Group have formed a partnership to acquire the assets of Benda Manufacturing, a leader in conveyor and product handling systems for the food industry and other industries requiring integrated production line conveyors.
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