Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with New Mill Capital to sell the machinery and equipment from Drinkworks’ two U.S. facilities in timed, online auctions. Drinkworks, a former producer of at-home bar machines, ceased operations in December 2021. The discontinued assets include late model, alcoholic beverage machinery and equipment from the Bedford, Massachusetts testing facility and state-of-the-art home bar production and pod filling equipment from the Williston, Vermont plant.

CVC Credit is pleased to announce that it has priced Apidos XXXIX, a Collateralized Loan Obligation (“CLO”) fund totalling c.$508 million, arranged by Societe Generale. This is the first new issue CLO CVC Credit has priced globally this year, following a record year in 2021, which saw CVC Credit raise seven new issue CLOs with a total value of over $3.5 billion (c.€3 billion).

Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today that it has arranged a new US$1.0 billion term loan. The three-year term loan will mature on March 7, 2025, has no mandatory amortization payments, and has a flexible repayment schedule.

Allspring Global InvestmentsTM, a leading independent global asset management firm with $575 billion1 in assets under management, today announced that Matt Wren has joined the organization as Chief Technology Officer. Mr. Wren joins Allspring from BlackRock, where he most recently served as global head of investment technology. Matt will report to Joe Sullivan, Allspring's Chair and Chief Executive Officer.

Crossroads Financial announced it provided the following deals: a $4.5 million industry inventory revolving line of credit, in partnership with a factoring company, for a distributor of wireless and fiber products to the wireless network; a $1.7 million inventory revolving line of credit for a designer and retailer of athletic apparel...

J D Factors announced it has provided the following factoring facilities: $75,000 to a transportation company in Ontario; $250,000 to a transportation company in New Jersey; $490,000 to a transportation company in Texas; $300,000 to a transportation company in Ontario; $50,000 to a transportation company in Oklahoma...

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $3.2 million factoring facility with purchase order financing to support an outdoor and sporting apparel company.

Laura Martone has rejoined Haynes and Boone, LLP as partner in the firm’s New York office. Her practice focuses on finance transactions, including oil and gas finance, renewable energy, commodity finance and trading, and real estate lending.

NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced an amendment to its 5.5-year $150 million term loan with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). The amendment increases the maximum total leverage ratio covenants for all quarters of 2022 and 2023.

M&T Bank Corporation (NYSE: MTB) ("M&T") announced today receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced acquisition of People's United Financial, Inc. (NASDAQ: PBCT) ("People's United"). The transaction has also received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking. No further regulatory approvals are required.

U.S. Well Services, Inc. (NASDAQ: USWS) ("USWS" or the "Company") today announced it has entered into an amendment to its Senior Secured Term Loan Credit Agreement ("Term Loan Agreement") allowing the Company to borrow last-out term loans (the "Term C Loans"). The Company also provided an update on recent commercial activity.

Financial disclosure bills, similar to those passed into law in NY and CA, have been proposed in a few more states. SFNet will keep you apprised of developments. See below for links to each bill.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce their portfolio company, Leaf Home™ is expanding their product offering. Leaf Home™, a leading technology-enabled provider of home solutions, has completed its acquisition of Tundraland Home Improvement. Headquartered in Kaukauna, Wisconsin, and serving the entire state, the company provides home upgrades that include baths, decks, and cabinet refacing.

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that Christine E. Davis has been named Executive Vice President, Chief Risk Officer (CRO), reporting to Rodger Levenson, WSFS Chairman, President and CEO. In her new role, she will lead all risk management functions including credit administration, credit risk management, enterprise risk management, real estate services, asset recovery, legal, internal audit, loan review and regulatory compliance.

CIBC Innovation Banking is pleased to announce the lead arrangement of a $150 million syndicated debt financing for New York-based VTS, a leading provider of commercial real estate software. VTS will use the capital to accelerate investments in its strategic product road map, M&A, and global market expansion.

Sharestates, a leading real estate technology platform designed to support and accelerate the redevelopment of residential housing, recently closed a new $100 Million warehouse line of credit led by funds managed by the Credit Group of Ares Management Corporation ("Ares") to capitalize on demand from borrowers. This additional warehouse capital complements existing credit facilities and increases the Company's overall borrowing capacity to better support the Company's growing loan origination volume.

CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center, an industrial facility in Baltimore, Maryland.

Grasshopper, the client-first digital business bank, today announced the relaunch of its digital banking platform to meet the shifting demands of small businesses and innovators across the country. With needs unmet by the traditional banking system, small businesses are eager to find services and technology that will help them grow. Grasshopper has the capabilities to help these businesses exceed their potential and is set to lead in the innovation economy by building tools specifically designed for small businesses, startups and the venture community.

Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based Bitcoin self-mining company, is pleased to announce the closing of a US$10,000,000 committed, collateralized revolving credit facility with Securitize, Inc. (the “Loan Facility”). The Loan Facility provides Digihost with significant, non-dilutive, liquidity options to assist in the financing of its aggressive growth strategy. The Loan Facility has a one-year committed term and an interest rate of 7.5% per annum and has been fully drawn by the Company.

Fifth Third Bancorp (NASDAQ: FITB) today announced that Kala Gibson, executive vice president and chief corporate responsibility officer, has assumed additional oversight of sustainability and inclusion and diversity, and he will serve as the chair of the Fifth Third Foundation distribution committee.