• 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.
  • Monroe Capital Supports GreyLion’s Acquisition of Norwood Sawmills
    March 10, 2022
    Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Norwood Sawmills (“Norwood”) by private equity sponsor, GreyLion.
  • Sabre Corporation Announces Refinancing of Term B Loans
    March 10, 2022
    Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced a refinancing of a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering certain interest, fees and expenses. The refinancing has meaningfully improved Sabre's debt maturity profile.
  • People’s Bank of Commerce Hires EVP/Chief Credit Officer
    March 10, 2022
    People's Bank of Commerce is pleased to announce the recent hiring of William (Bill) Whalen as executive vice president and chief credit officer. Whalen joins People's Bank with almost 33 years of experience in the banking industry, of which 30 have been in Oregon. He most recently worked as senior vice president and chief credit officer for another Oregon based community bank.
  • United Bank Announces New President
    March 10, 2022
    Richard M. Adams, Chairman of the Board of United Bank (“United”), announced the Board’s approval of the promotion of Julie R. Gurtis to President effective April 1, 2022. Julie Gurtis currently serves as United’s EVP and Chief Commercial Banking Officer. In addition to managing Commercial Lending, she is responsible for overseeing Commercial Services, Business Banking, Loan Administration, Sales Management, and Marketing. Her 31-year career at United has included roles as Commercial Lender, Market President, and Regional President.
  • Ares Capital Corporation Appoints Mary Beth Henson to its Board of Directors
    March 10, 2022
    Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Mary Beth Henson has joined its Board of Directors (the “Board”) as an independent director. The Board has been expanded from nine to 10 members, including six independent directors.
  • Winston & Strawn to Close Moscow Office
    March 10, 2022
    The global law firm of Winston & Strawn LLP announced today that the Firm will close its Moscow office, citing the escalation of Russia's unprovoked invasion of Ukraine and the consequent ongoing violations of basic human rights and international law. This decision follows Winston's March 4 announcement that, in addition to complying with all applicable sanctions, the Firm would withdraw from the representation of Russian state-owned entities and any clients who the Firm reasonably believes have known ties to Russia's war efforts.
  • Wolters Kluwer to Acquire IDS
    March 9, 2022
    Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement with The Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), a leading U.S. provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash.
  • Hooters of America Announces Closing of $70 Million Term Loan Facility
    March 9, 2022
    Hooters of America, LLC (the “Company,” or “HOA”) announced today that Hawk Parent, LLC, an indirect parent entity of the Company, has successfully closed on a credit facility (the “Credit Facility”) with an unaffiliated lender. The Credit Facility provides for a $70 million, 5-year senior secured term loan.
  • Bill Rogers to Succeed Kelly King as Truist Board Chair
    March 9, 2022
    Truist Financial Corporation (NYSE: TFC) today announced that as part of a planned transition, William H. "Bill" Rogers Jr., Truist's chief executive officer, will become chairman of the board and Thomas E. Skains will become lead independent director. Both appointments are effective March 12, 2022. Rogers succeeds Kelly S. King, who will be stepping down from the role of chairman as previously announced. Skains succeeds David M. Ratcliffe. Both King and Ratcliffe will remain on the board.
  • Laura Garcia joins First Business Bank as Chief Risk Officer
    March 9, 2022
    First Business Bank is pleased to welcome Laura Garcia as Chief Risk Officer. Laura Garcia has 25 years of extensive experience in credit and compliance, most recently working with BMO. She also has valuable experience working in sales, developing training programs, serving as a mentor, and in community engagement. Laura has worked on many large projects over her career and led BMO’s Commercial PPP lending operation
  • Alvarez & Marsal's Healthcare Industry Group Launches Human Capital and Workforce Management Services
    March 9, 2022
    Leading global professional services firm Alvarez & Marsal (A&M) continues to expand its Healthcare Industry Group offerings with the launch of its Human Capital and Workforce Management Practice. Led by, Bianca A. Briola, the practice will focus on developing strategic solutions for organizations facing today’s most challenging human capital and workforce environment.
  • Seacoast Provides $14,500,000 in New Working Capital Lines
    March 9, 2022
    Seacoast Business Funding secured $14,500,000 in accounts receivable facilities. The transactions added three new companies to the Seacoast portfolio.
  • Mustang Bio Completes a $75 Million Debt Financing with Runway Growth Capital
    March 9, 2022
    Mustang Bio, Inc. (“Mustang”) (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors and rare genetic diseases, today announced completion of a $75 million long-term debt facility with Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity.
  • GoldenTree Asset Management Hires Avi Felman as Head of Digital Asset Trading
    March 9, 2022
    GoldenTree Asset Management ("GoldenTree"), a global asset management firm with nearly $47 billion in assets under management, today announced the hiring of Avi Felman as the Firm's Head of Digital Assets Trading. Mr. Felman will be a Principal of the Firm and report to Joe Naggar, a Partner and member of the Executive Committee, who oversees the Firm's investments in digital assets. Mr. Felman will also be a General Partner of GoldenChain, a wholly owned subsidiary of GoldenTree which will manage the funds launched by GoldenTree that will focus on digital assets.
  • Crestmark, the Commercial Finance division of MetaBank®, Welcomes Warren Powell to the Commercial Finance Business Development Team
    March 9, 2022
    Crestmark, the Commercial Finance division of MetaBank®, N.A., is pleased to announce the addition of Warren Powell to the Working Capital business unit. In his new role as Business Development Officer, Powell is responsible for promotion of the company’s asset-based lending offerings. Based in North Carolina, he will report to Mark Collins, group eastern sales manager.
  • UroGen Secures $100 Million Non-Dilutive Term Loan Financing with Pharmakon Advisors Allowing Funding to Cash Flow Breakeven
    March 8, 2022
    UroGen Pharma Ltd. (Nasdaq: URGN), a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers, today announced the signing of an up to $100 million term loan financing facility with funds managed by Pharmakon Advisors, L.P.
  • Ensurem Enters Into $100 Million Credit Facility with DZ BANK
    March 8, 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.
  • Acer Therapeutics Secures up to $48.5 Million in Convertible Note and Secured Loan Financing Facilities
    March 8, 2022
    Acer Therapeutics Inc. (Nasdaq: ACER), a pharmaceutical company focused on the acquisition, development and commercialization of therapies for serious rare and life-threatening diseases with significant unmet medical needs, today announced that it has entered into convertible note and loan financing facilities for up to $48.5 million with affiliates of Marathon Asset Management L.P. (Marathon) and SWK Holdings Corporation (Nasdaq: SWKH), subject to certain conditions.
  • FocalPoint Advises wildbrine, LLC on its Sale to Fermented Food Holdings, Inc.
    March 8, 2022
    FocalPoint Partners ("FocalPoint") is excited to announce the sale of wildbrine, LLC (“wildbrine” or the “Company”) to Fermented Food Holdings, Inc. (“FFH”). FocalPoint served as exclusive financial advisor to wildbrine, LLC. Based in Santa Rosa, California, wildbrine is a true category disruptor in the plant-based, naturally fermented foods sector and is the leading brand in organic, fermented, and probiotic sauerkraut and vegan kimchi.
  • 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.
  • Monroe Capital Supports GreyLion’s Acquisition of Norwood Sawmills
    March 10, 2022
    Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Norwood Sawmills (“Norwood”) by private equity sponsor, GreyLion.
  • Sabre Corporation Announces Refinancing of Term B Loans
    March 10, 2022
    Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced a refinancing of a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering certain interest, fees and expenses. The refinancing has meaningfully improved Sabre's debt maturity profile.
  • People’s Bank of Commerce Hires EVP/Chief Credit Officer
    March 10, 2022
    People's Bank of Commerce is pleased to announce the recent hiring of William (Bill) Whalen as executive vice president and chief credit officer. Whalen joins People's Bank with almost 33 years of experience in the banking industry, of which 30 have been in Oregon. He most recently worked as senior vice president and chief credit officer for another Oregon based community bank.
  • United Bank Announces New President
    March 10, 2022
    Richard M. Adams, Chairman of the Board of United Bank (“United”), announced the Board’s approval of the promotion of Julie R. Gurtis to President effective April 1, 2022. Julie Gurtis currently serves as United’s EVP and Chief Commercial Banking Officer. In addition to managing Commercial Lending, she is responsible for overseeing Commercial Services, Business Banking, Loan Administration, Sales Management, and Marketing. Her 31-year career at United has included roles as Commercial Lender, Market President, and Regional President.
  • Ares Capital Corporation Appoints Mary Beth Henson to its Board of Directors
    March 10, 2022
    Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Mary Beth Henson has joined its Board of Directors (the “Board”) as an independent director. The Board has been expanded from nine to 10 members, including six independent directors.
  • Winston & Strawn to Close Moscow Office
    March 10, 2022
    The global law firm of Winston & Strawn LLP announced today that the Firm will close its Moscow office, citing the escalation of Russia's unprovoked invasion of Ukraine and the consequent ongoing violations of basic human rights and international law. This decision follows Winston's March 4 announcement that, in addition to complying with all applicable sanctions, the Firm would withdraw from the representation of Russian state-owned entities and any clients who the Firm reasonably believes have known ties to Russia's war efforts.
  • Wolters Kluwer to Acquire IDS
    March 9, 2022
    Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement with The Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), a leading U.S. provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash.
  • Hooters of America Announces Closing of $70 Million Term Loan Facility
    March 9, 2022
    Hooters of America, LLC (the “Company,” or “HOA”) announced today that Hawk Parent, LLC, an indirect parent entity of the Company, has successfully closed on a credit facility (the “Credit Facility”) with an unaffiliated lender. The Credit Facility provides for a $70 million, 5-year senior secured term loan.
  • Bill Rogers to Succeed Kelly King as Truist Board Chair
    March 9, 2022
    Truist Financial Corporation (NYSE: TFC) today announced that as part of a planned transition, William H. "Bill" Rogers Jr., Truist's chief executive officer, will become chairman of the board and Thomas E. Skains will become lead independent director. Both appointments are effective March 12, 2022. Rogers succeeds Kelly S. King, who will be stepping down from the role of chairman as previously announced. Skains succeeds David M. Ratcliffe. Both King and Ratcliffe will remain on the board.
  • Laura Garcia joins First Business Bank as Chief Risk Officer
    March 9, 2022
    First Business Bank is pleased to welcome Laura Garcia as Chief Risk Officer. Laura Garcia has 25 years of extensive experience in credit and compliance, most recently working with BMO. She also has valuable experience working in sales, developing training programs, serving as a mentor, and in community engagement. Laura has worked on many large projects over her career and led BMO’s Commercial PPP lending operation
  • Alvarez & Marsal's Healthcare Industry Group Launches Human Capital and Workforce Management Services
    March 9, 2022
    Leading global professional services firm Alvarez & Marsal (A&M) continues to expand its Healthcare Industry Group offerings with the launch of its Human Capital and Workforce Management Practice. Led by, Bianca A. Briola, the practice will focus on developing strategic solutions for organizations facing today’s most challenging human capital and workforce environment.
  • Seacoast Provides $14,500,000 in New Working Capital Lines
    March 9, 2022
    Seacoast Business Funding secured $14,500,000 in accounts receivable facilities. The transactions added three new companies to the Seacoast portfolio.
  • Mustang Bio Completes a $75 Million Debt Financing with Runway Growth Capital
    March 9, 2022
    Mustang Bio, Inc. (“Mustang”) (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors and rare genetic diseases, today announced completion of a $75 million long-term debt facility with Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity.
  • GoldenTree Asset Management Hires Avi Felman as Head of Digital Asset Trading
    March 9, 2022
    GoldenTree Asset Management ("GoldenTree"), a global asset management firm with nearly $47 billion in assets under management, today announced the hiring of Avi Felman as the Firm's Head of Digital Assets Trading. Mr. Felman will be a Principal of the Firm and report to Joe Naggar, a Partner and member of the Executive Committee, who oversees the Firm's investments in digital assets. Mr. Felman will also be a General Partner of GoldenChain, a wholly owned subsidiary of GoldenTree which will manage the funds launched by GoldenTree that will focus on digital assets.
  • Crestmark, the Commercial Finance division of MetaBank®, Welcomes Warren Powell to the Commercial Finance Business Development Team
    March 9, 2022
    Crestmark, the Commercial Finance division of MetaBank®, N.A., is pleased to announce the addition of Warren Powell to the Working Capital business unit. In his new role as Business Development Officer, Powell is responsible for promotion of the company’s asset-based lending offerings. Based in North Carolina, he will report to Mark Collins, group eastern sales manager.
  • UroGen Secures $100 Million Non-Dilutive Term Loan Financing with Pharmakon Advisors Allowing Funding to Cash Flow Breakeven
    March 8, 2022
    UroGen Pharma Ltd. (Nasdaq: URGN), a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers, today announced the signing of an up to $100 million term loan financing facility with funds managed by Pharmakon Advisors, L.P.
  • Ensurem Enters Into $100 Million Credit Facility with DZ BANK
    March 8, 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.
  • Acer Therapeutics Secures up to $48.5 Million in Convertible Note and Secured Loan Financing Facilities
    March 8, 2022
    Acer Therapeutics Inc. (Nasdaq: ACER), a pharmaceutical company focused on the acquisition, development and commercialization of therapies for serious rare and life-threatening diseases with significant unmet medical needs, today announced that it has entered into convertible note and loan financing facilities for up to $48.5 million with affiliates of Marathon Asset Management L.P. (Marathon) and SWK Holdings Corporation (Nasdaq: SWKH), subject to certain conditions.
  • FocalPoint Advises wildbrine, LLC on its Sale to Fermented Food Holdings, Inc.
    March 8, 2022
    FocalPoint Partners ("FocalPoint") is excited to announce the sale of wildbrine, LLC (“wildbrine” or the “Company”) to Fermented Food Holdings, Inc. (“FFH”). FocalPoint served as exclusive financial advisor to wildbrine, LLC. Based in Santa Rosa, California, wildbrine is a true category disruptor in the plant-based, naturally fermented foods sector and is the leading brand in organic, fermented, and probiotic sauerkraut and vegan kimchi.