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BizCap® Facilitates $8.7 Million Financing for 55th Crossing
April 12, 2022BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $8.7 million in financing for 55th Crossing, a 300+ acre residential real estate development located in Minot, North Dakota. The 55th Crossing development will provide a variety of housing types, including affordable options for first-time buyers and low- to moderate-income families. The funding will be used to refinance existing debt on the development.
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Bridgelink Power Closes $200 Million Senior Secured Loan Facility Provided by Crayhill Capital Management
April 12, 2022- Bridgelink Power, a leading developer, constructor, and operator of utility-scale solar and energy storage projects, today announced that it has closed a senior secured revolving credit facility (the "Facility") for up to $200 million with Crayhill Capital Management LP ("Crayhill"), a New York-based, minority-owned private credit manager focused on asset-based investments and with deep expertise in the renewable energy sector.
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PlainsCapital Bank’s Houston Lending Group Welcomes Samuel Hendricks
April 12, 2022PlainsCapital Bank recently announced that Samuel Hendricks has joined its Houston lending group as senior vice president, senior commercial loan officer at the Bank’s 5 Riverway location.
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BH Properties Acquires Puerto Rico Shopping Center
April 12, 2022BH Properties, a Los Angeles based real estate investment company, has acquired out of foreclosure Plaza Centro I, a 283,454-square-foot strip shopping center in Caguas, Puerto Rico. The strip center was built in 1987 as the first phase of the nearly one million-square-foot Plaza Centro Mall at 200 Avenue Rafael Cordero fronting State Road P.R 30. Renovated in 2017, it is currently 50 percent occupied by 29 tenants.
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Gridiron Capital Invests in Vertical Supply Group
April 12, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced an investment in Vertical Supply Group (“VSG” or the “Company”), a trusted supplier of high-cost of failure, fall protection equipment and arborist tools serving the tree care industry and other work-at-height professionals.
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Multi-Unit Restaurant Chains Need to Revisit their Real Estate Amid Inflation and Other Pressures, Panelists Advise in Webinar Sponsored by A&G Real Estate Partners
April 12, 2022The right real estate moves can drive higher value for buyers, sellers and operators of multi-unit restaurant companies, said participants in a March 31 Restaurant Finance Monitor webinar sponsored by A&G Real Estate Partners. During the hourlong panel (“Creating Enterprise Value Through Real Estate”), three experts in restaurant portfolio optimization, investment banking/M&A and real estate law offered tips on doing a deep dive into leased and owned properties amid the “new normal” of today’s restaurant industry.
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Dechert Continues Global Finance Expansion with William C. Robertson
April 12, 2022Dechert LLP is pleased to announce that William C. Robertson has joined the global finance team as a partner based in New York. Mr. Robertson's arrival continues Dechert's major U.S. private equity and private credit expansion, which includes the growth of the firm's capabilities in California with the recent hire of Nicole Macarchuk.
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The Ensign Group Announces New $600 Million Credit Facility
April 12, 2022The 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.
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Fasken Ranks #1 for M&A, Capital Markets in Canadian Q1 League Tables by Refinitiv, Bloomberg
April 12, 2022In 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
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KKR Invests in Shriram General Insurance
April 11, 2022KKR, 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.
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Edison International Enters Term Loan Credit Agreement with the Lenders
April 11, 2022On 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.
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MidCap Business Credit Launches new Equipment Finance Business, Increases Credit Facility with Wells Fargo Capital Finance
April 11, 2022MidCap 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.
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Latham & Watkins Advises Bank Syndicate On €2 Billion Credit Facility For Deutsche Lufthansa Ag
April 11, 2022Latham & 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).
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Stonegate Capital Announces a Senior Debt Investment in Clio Snacks
April 11, 2022Stonegate 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.
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SkyHive Receives Strategic Investment from Deutsche Bank
April 11, 2022SkyHive, 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.
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Nearly Half of Owners Report Increasing Compensation in March
April 11, 2022Throughout 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.
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Univest Bank and Trust Co. Appoints Patrick McCormick as Chief Credit Officer
April 11, 2022Univest 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.
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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, 2022SLR 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.
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Jeanne Lapak Joins BankNewport as Chief Commercial Banking and Lending Officer
April 11, 2022BankNewport 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.
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Global Net Lease Completes $1.45 Billion Credit Facility Recast, Upsized From Previous $1.1 Billion Facility
April 11, 2022Global 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.
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BizCap® Facilitates $8.7 Million Financing for 55th Crossing
April 12, 2022BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $8.7 million in financing for 55th Crossing, a 300+ acre residential real estate development located in Minot, North Dakota. The 55th Crossing development will provide a variety of housing types, including affordable options for first-time buyers and low- to moderate-income families. The funding will be used to refinance existing debt on the development.
-
Bridgelink Power Closes $200 Million Senior Secured Loan Facility Provided by Crayhill Capital Management
April 12, 2022- Bridgelink Power, a leading developer, constructor, and operator of utility-scale solar and energy storage projects, today announced that it has closed a senior secured revolving credit facility (the "Facility") for up to $200 million with Crayhill Capital Management LP ("Crayhill"), a New York-based, minority-owned private credit manager focused on asset-based investments and with deep expertise in the renewable energy sector.
-
PlainsCapital Bank’s Houston Lending Group Welcomes Samuel Hendricks
April 12, 2022PlainsCapital Bank recently announced that Samuel Hendricks has joined its Houston lending group as senior vice president, senior commercial loan officer at the Bank’s 5 Riverway location.
-
BH Properties Acquires Puerto Rico Shopping Center
April 12, 2022BH Properties, a Los Angeles based real estate investment company, has acquired out of foreclosure Plaza Centro I, a 283,454-square-foot strip shopping center in Caguas, Puerto Rico. The strip center was built in 1987 as the first phase of the nearly one million-square-foot Plaza Centro Mall at 200 Avenue Rafael Cordero fronting State Road P.R 30. Renovated in 2017, it is currently 50 percent occupied by 29 tenants.
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Gridiron Capital Invests in Vertical Supply Group
April 12, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced an investment in Vertical Supply Group (“VSG” or the “Company”), a trusted supplier of high-cost of failure, fall protection equipment and arborist tools serving the tree care industry and other work-at-height professionals.
-
Multi-Unit Restaurant Chains Need to Revisit their Real Estate Amid Inflation and Other Pressures, Panelists Advise in Webinar Sponsored by A&G Real Estate Partners
April 12, 2022The right real estate moves can drive higher value for buyers, sellers and operators of multi-unit restaurant companies, said participants in a March 31 Restaurant Finance Monitor webinar sponsored by A&G Real Estate Partners. During the hourlong panel (“Creating Enterprise Value Through Real Estate”), three experts in restaurant portfolio optimization, investment banking/M&A and real estate law offered tips on doing a deep dive into leased and owned properties amid the “new normal” of today’s restaurant industry.
-
Dechert Continues Global Finance Expansion with William C. Robertson
April 12, 2022Dechert LLP is pleased to announce that William C. Robertson has joined the global finance team as a partner based in New York. Mr. Robertson's arrival continues Dechert's major U.S. private equity and private credit expansion, which includes the growth of the firm's capabilities in California with the recent hire of Nicole Macarchuk.
-
The Ensign Group Announces New $600 Million Credit Facility
April 12, 2022The 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, 2022In 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
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KKR Invests in Shriram General Insurance
April 11, 2022KKR, 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.
-
Edison International Enters Term Loan Credit Agreement with the Lenders
April 11, 2022On 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, 2022MidCap 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, 2022Latham & 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, 2022Stonegate 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, 2022SkyHive, 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, 2022Throughout 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, 2022Univest 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, 2022SLR 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.
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Jeanne Lapak Joins BankNewport as Chief Commercial Banking and Lending Officer
April 11, 2022BankNewport 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.
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Global Net Lease Completes $1.45 Billion Credit Facility Recast, Upsized From Previous $1.1 Billion Facility
April 11, 2022Global 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.
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