• Direct Federal Credit Union Hires Greg Ryan as Senior Vice President, Commercial Lending
    March 14, 2022
    Direct Federal Credit Union (www.direct.com) of Needham, MA, announced today that Greg Ryan has been named Senior Vice President of Commercial Lending. Ryan joins the credit union from Eagle Bank, where he served as Senior Vice President, Commercial Lender. He comes to Direct Federal with over 30 years of Commercial Lending experience at various community banks across Massachusetts.
  • Southern Missouri Bancorp Announces Executive Leadership Transition Plan
    March 14, 2022
    Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), the parent corporation of Southern Bank, today announced an executive leadership transition plan. On March 10, 2022, the Board of Directors of Southern Missouri Bancorp, Inc. (the “Company”) unanimously appointed Greg A. Steffens as Chairman of the Board, to succeed L. Douglas Bagby, effective July 1, 2022. Mr. Steffens will continue to serve as Chief Executive Officer of the Company, a role he has held since 1999. Mr. Bagby will continue to serve as a director, and he will also serve as Vice-Chairman and lead outside director for the Company.
  • Randal Heeb Joins FTI Consulting as a Senior Managing Director in the Economic Consulting Segment
    March 14, 2022
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Dr. Randal Heeb as a Senior Managing Director in the firm’s Economic Consulting segment. Based in Washington, D.C., Dr. Heeb has 35 years of experience providing economic analysis in both the private and public sectors.
  • KKR Builds Investment Services Capabilities in Real Estate Credit with Appointment of Lindsey Wright
    March 14, 2022
    KKR today announced the appointment of Lindsey Wright as Managing Director and Head of Investment Services for the firm’s real estate credit business in the United States. In the newly created role, Ms. Wright leads the development of a dedicated services platform to support asset management, loan origination, securities investing, risk management and client experience for KKR’s real estate credit franchise as it continues to scale.
  • SLR Business Credit Promotes Mike Stoffield to Vice President in the Field Examination Department
    March 14, 2022
    SLR Business Credit is pleased to announce the promotion of Mike Stoffield to vice president in the Field Examination department. Stoffield has been with SLR since March 2018. He has over 27 years of experience auditing for banks and finance companies. He graduated from Marquette University with a degree in Finance and from the Keller Graduate School of Management with an MBA.
  • LBC Credit Partners Supports O2 Investment Partners’ Investment in BerlinRosen
    March 14, 2022
    LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support O2 Investment Partners’ investment in BerlinRosen. LBC served as Agent for the senior secured credit facility.
  • Crestline Announces One of Its Most Active Fundraising Periods in Firm History with Closure of Three Funds Across Multiple Private Credit Strategies
    March 14, 2022
    Crestline Investors, Inc., ("Crestline") a credit focused institutional alternative asset manager, today announced that it has closed a series of funds across multiple strategies with commitments totaling more than $3.6 billion.
  • Erik T. Bahr Appointed Chief Revenue Officer of TBK Bank, SSB
    March 14, 2022
    Triumph Bancorp, Inc. (Nasdaq: TBK) announced today the appointment of Erik T. Bahr as chief revenue officer of TBK Bank, SSB, member FDIC. In the newly created role, Bahr is responsible for driving go-to-market strategy, sales performance, client satisfaction, and overall operations of the sales channels and partnership for the bank’s transportation lines of business.
  • Eagle Global Enters Into Financing Agreement With Goldman Sachs Asset Management to Accelerate Growth
    March 14, 2022
    Eagle Global (“Eagle”), a women and minority-owned distributed gaming provider based in Georgia, today announced that it has entered into a $50 million financing agreement with the Private Credit business within Goldman Sachs Asset Management (“Goldman Sachs”) to finance the combination of two COAM businesses.
  • Amerisource Closes $1,500,000 Credit Facility for Apparel Manufacturing Firm
    March 14, 2022
    Amerisource Business Capital announced the closing and funding of a $1,500,000 senior credit facility for a North Carolina-based hosiery manufacturer. The proceeds were used to provide working capital to support the company’s projected growth.
  • Sonida Completes $80M Refinancing, Pushing Debt Maturities to 2024 and Positioning Company for Growth
    March 14, 2022
    Sonida Senior Living (NYSE: SNDA) has entered into a loan agreement to refinance existing mortgage debt, addressing all of the company’s debt maturities through 2024 and positioning it to grow. The transaction consists of an $80 million initial term loan and up to $50 million of additional capital, with an uncommitted $40 million accordion provision meant to fund the Dallas-based company’s growth in the future, according to a press release.
  • Harbor Custom Development, Inc. Announces the Completion of New Senior Secured Revolving Credit Facility of $25 Million
    March 14, 2022
    Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the closing of a senior secured revolving credit facility (the “Revolving Facility”) with BankUnited, Inc. The facility will provide the Company with a $25 million capacity over a two-year term.
  • Gridiron-Backed Colibri Group Announces Strategic Acquisition of Becker Professional Education and OnCourse Learning
    March 14, 2022
    Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that its portfolio company Colibri Group (“Colibri”), a professional education company with leading brands that provide learning solutions to licensed professionals, has acquired Becker Professional Education (“Becker”) and OnCourse Learning.
  • SSG Advises NITROcrete in the Sale of Substantially all of its Assets to an Affiliate of Cryogenic Industrial Solutions
    March 14, 2022
    SSG Advisors, LLC (“SSG”) acted as the investment banker to NITROcrete, LLC and its affiliates (collectively “NITROcrete” or the “Company”) in the sale of substantially all of its assets to an affiliate of Cryogenic Industrial Solutions, LLC (“Cryogenic”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Colorado.
  • RSM US Middle Market Business Index - Q1 2022: Inflation and omicron dampen business confidence
    March 14, 2022
    The omicron variant and rising prices have taken a toll on both overall economic activity and consumer and business confidence over the past three months, according to the latest proprietary RSM US Middle Market Business Index.
  • Xeris Announces $150M Senior Secured Term Loan Facility With Hayfin Capital
    March 14, 2022
    Xeris Biopharma Holdings, Inc. (“Xeris” or “the Company”) (Nasdaq: XERS), a biopharmaceutical company developing and commercializing unique therapies for patient populations in endocrinology, neurology, and gastroenterology, today announced it has entered into a senior secured term loan agreement (“debt facility”) with funds managed by Hayfin Capital Management LLP (“Hayfin”) to provide Xeris with up to a total of $150 million of capital.
  • Gateway Trade Funding Provides a $5,700,000 Purchase Order Facility to an Accessories Company
    March 10, 2022
    An accessories company had received a large order from a national retailer and needed letters of credit so their suppliers would ship the goods. They had just started working with a new factoring company that recommended partnering with Gateway Trade Funding for purchase order financing.
  • Schulte Roth & Zabel Strengthens Business Reorganization Group with Addition of Ned S. Schodek
    March 10, 2022
    Schulte Roth & Zabel today announced that Ned S. Schodek has joined the firm as a partner in the Business Reorganization Group, based in the New York office. Ned focuses his practice on representing creditors (with a focus on fund clients), ad hoc creditor groups, debtors, acquirers of assets, and other parties-in-interest in large and complex prepackaged, pre-negotiated and traditional Chapter 11 bankruptcies, out-of-court workouts, debtor-in-possession financings, adversary proceedings, and broker-dealer liquidations.
  • Ensurem Enters Into $100 Million Credit Facility with DZ BANK
    March 10, 2022
    Ensurem, a Florida-based insurance technology and distribution company, today announced that it has entered into a $100 million credit facility with DZ BANK. This facility refinances existing debt and allows Ensurem to meaningfully increase the marketing and distribution of Medicare Advantage and Medicare Supplement policies.
  • CIBC Innovation Banking Provides $12 Million Financing to Phorest Salon Software to Accelerate Growth
    March 10, 2022
    CIBC Innovation Banking is pleased to announce $12 million of growth financing for Dublin-based Phorest Salon Software (“Phorest”), a leading provider of online booking and management software for salon owners. Phorest will use the capital to expand its market growth and accelerate the launch of strategic products to deliver on its next-generation platform and machine learning initiatives.
  • Direct Federal Credit Union Hires Greg Ryan as Senior Vice President, Commercial Lending
    March 14, 2022
    Direct Federal Credit Union (www.direct.com) of Needham, MA, announced today that Greg Ryan has been named Senior Vice President of Commercial Lending. Ryan joins the credit union from Eagle Bank, where he served as Senior Vice President, Commercial Lender. He comes to Direct Federal with over 30 years of Commercial Lending experience at various community banks across Massachusetts.
  • Southern Missouri Bancorp Announces Executive Leadership Transition Plan
    March 14, 2022
    Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), the parent corporation of Southern Bank, today announced an executive leadership transition plan. On March 10, 2022, the Board of Directors of Southern Missouri Bancorp, Inc. (the “Company”) unanimously appointed Greg A. Steffens as Chairman of the Board, to succeed L. Douglas Bagby, effective July 1, 2022. Mr. Steffens will continue to serve as Chief Executive Officer of the Company, a role he has held since 1999. Mr. Bagby will continue to serve as a director, and he will also serve as Vice-Chairman and lead outside director for the Company.
  • Randal Heeb Joins FTI Consulting as a Senior Managing Director in the Economic Consulting Segment
    March 14, 2022
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Dr. Randal Heeb as a Senior Managing Director in the firm’s Economic Consulting segment. Based in Washington, D.C., Dr. Heeb has 35 years of experience providing economic analysis in both the private and public sectors.
  • KKR Builds Investment Services Capabilities in Real Estate Credit with Appointment of Lindsey Wright
    March 14, 2022
    KKR today announced the appointment of Lindsey Wright as Managing Director and Head of Investment Services for the firm’s real estate credit business in the United States. In the newly created role, Ms. Wright leads the development of a dedicated services platform to support asset management, loan origination, securities investing, risk management and client experience for KKR’s real estate credit franchise as it continues to scale.
  • SLR Business Credit Promotes Mike Stoffield to Vice President in the Field Examination Department
    March 14, 2022
    SLR Business Credit is pleased to announce the promotion of Mike Stoffield to vice president in the Field Examination department. Stoffield has been with SLR since March 2018. He has over 27 years of experience auditing for banks and finance companies. He graduated from Marquette University with a degree in Finance and from the Keller Graduate School of Management with an MBA.
  • LBC Credit Partners Supports O2 Investment Partners’ Investment in BerlinRosen
    March 14, 2022
    LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support O2 Investment Partners’ investment in BerlinRosen. LBC served as Agent for the senior secured credit facility.
  • Crestline Announces One of Its Most Active Fundraising Periods in Firm History with Closure of Three Funds Across Multiple Private Credit Strategies
    March 14, 2022
    Crestline Investors, Inc., ("Crestline") a credit focused institutional alternative asset manager, today announced that it has closed a series of funds across multiple strategies with commitments totaling more than $3.6 billion.
  • Erik T. Bahr Appointed Chief Revenue Officer of TBK Bank, SSB
    March 14, 2022
    Triumph Bancorp, Inc. (Nasdaq: TBK) announced today the appointment of Erik T. Bahr as chief revenue officer of TBK Bank, SSB, member FDIC. In the newly created role, Bahr is responsible for driving go-to-market strategy, sales performance, client satisfaction, and overall operations of the sales channels and partnership for the bank’s transportation lines of business.
  • Eagle Global Enters Into Financing Agreement With Goldman Sachs Asset Management to Accelerate Growth
    March 14, 2022
    Eagle Global (“Eagle”), a women and minority-owned distributed gaming provider based in Georgia, today announced that it has entered into a $50 million financing agreement with the Private Credit business within Goldman Sachs Asset Management (“Goldman Sachs”) to finance the combination of two COAM businesses.
  • Amerisource Closes $1,500,000 Credit Facility for Apparel Manufacturing Firm
    March 14, 2022
    Amerisource Business Capital announced the closing and funding of a $1,500,000 senior credit facility for a North Carolina-based hosiery manufacturer. The proceeds were used to provide working capital to support the company’s projected growth.
  • Sonida Completes $80M Refinancing, Pushing Debt Maturities to 2024 and Positioning Company for Growth
    March 14, 2022
    Sonida Senior Living (NYSE: SNDA) has entered into a loan agreement to refinance existing mortgage debt, addressing all of the company’s debt maturities through 2024 and positioning it to grow. The transaction consists of an $80 million initial term loan and up to $50 million of additional capital, with an uncommitted $40 million accordion provision meant to fund the Dallas-based company’s growth in the future, according to a press release.
  • Harbor Custom Development, Inc. Announces the Completion of New Senior Secured Revolving Credit Facility of $25 Million
    March 14, 2022
    Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the closing of a senior secured revolving credit facility (the “Revolving Facility”) with BankUnited, Inc. The facility will provide the Company with a $25 million capacity over a two-year term.
  • Gridiron-Backed Colibri Group Announces Strategic Acquisition of Becker Professional Education and OnCourse Learning
    March 14, 2022
    Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that its portfolio company Colibri Group (“Colibri”), a professional education company with leading brands that provide learning solutions to licensed professionals, has acquired Becker Professional Education (“Becker”) and OnCourse Learning.
  • SSG Advises NITROcrete in the Sale of Substantially all of its Assets to an Affiliate of Cryogenic Industrial Solutions
    March 14, 2022
    SSG Advisors, LLC (“SSG”) acted as the investment banker to NITROcrete, LLC and its affiliates (collectively “NITROcrete” or the “Company”) in the sale of substantially all of its assets to an affiliate of Cryogenic Industrial Solutions, LLC (“Cryogenic”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Colorado.
  • RSM US Middle Market Business Index - Q1 2022: Inflation and omicron dampen business confidence
    March 14, 2022
    The omicron variant and rising prices have taken a toll on both overall economic activity and consumer and business confidence over the past three months, according to the latest proprietary RSM US Middle Market Business Index.
  • Xeris Announces $150M Senior Secured Term Loan Facility With Hayfin Capital
    March 14, 2022
    Xeris Biopharma Holdings, Inc. (“Xeris” or “the Company”) (Nasdaq: XERS), a biopharmaceutical company developing and commercializing unique therapies for patient populations in endocrinology, neurology, and gastroenterology, today announced it has entered into a senior secured term loan agreement (“debt facility”) with funds managed by Hayfin Capital Management LLP (“Hayfin”) to provide Xeris with up to a total of $150 million of capital.
  • Gateway Trade Funding Provides a $5,700,000 Purchase Order Facility to an Accessories Company
    March 10, 2022
    An accessories company had received a large order from a national retailer and needed letters of credit so their suppliers would ship the goods. They had just started working with a new factoring company that recommended partnering with Gateway Trade Funding for purchase order financing.
  • Schulte Roth & Zabel Strengthens Business Reorganization Group with Addition of Ned S. Schodek
    March 10, 2022
    Schulte Roth & Zabel today announced that Ned S. Schodek has joined the firm as a partner in the Business Reorganization Group, based in the New York office. Ned focuses his practice on representing creditors (with a focus on fund clients), ad hoc creditor groups, debtors, acquirers of assets, and other parties-in-interest in large and complex prepackaged, pre-negotiated and traditional Chapter 11 bankruptcies, out-of-court workouts, debtor-in-possession financings, adversary proceedings, and broker-dealer liquidations.
  • Ensurem Enters Into $100 Million Credit Facility with DZ BANK
    March 10, 2022
    Ensurem, a Florida-based insurance technology and distribution company, today announced that it has entered into a $100 million credit facility with DZ BANK. This facility refinances existing debt and allows Ensurem to meaningfully increase the marketing and distribution of Medicare Advantage and Medicare Supplement policies.
  • CIBC Innovation Banking Provides $12 Million Financing to Phorest Salon Software to Accelerate Growth
    March 10, 2022
    CIBC Innovation Banking is pleased to announce $12 million of growth financing for Dublin-based Phorest Salon Software (“Phorest”), a leading provider of online booking and management software for salon owners. Phorest will use the capital to expand its market growth and accelerate the launch of strategic products to deliver on its next-generation platform and machine learning initiatives.