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99 Cents Only Stores Files for Voluntary Chapter 11 Protection to Facilitate Wind-Down of Business Operations and Pursue Value Maximizing Sale of its Real Estate and Other Assets
April 8, 2024Number Holdings, Inc., the direct parent company of 99 Cents Only Stores LLC (the "Company" or "99 Cents Only Stores") today announced that it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court") to implement the previously announced orderly wind-down of its business and pursue a value maximizing sale of its real estate and other assets.
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FirstBank Announces New Chief Banking Officer
April 8, 2024FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good,” recently named Adam Sands the Chief Banking Officer (CBO). Sands will assume the majority of the responsibilities formerly held by the company’s President, including supporting the bank’s markets, customers, loan and deposit production as well as the company’s growth strategy.
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The Promise Homes Company Secures Credit Facility from Leading Global Money Center Bank
April 4, 2024The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.
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Wolters Kluwer launches AI-powered OneSumX® Reg Manager to Enhance Regulatory Change Management
April 4, 2024Wolters Kluwer Compliance Solutions has launched OneSumX® Reg Manager to help U.S. community banks and credit unions enhance their regulatory change management efforts. This artificial intelligence (AI)-powered solution represents the latest addition to the Compliance Solutions OneSumX portfolio suite, a trusted product line designed to help financial institutions across the U.S. more effectively navigate regulatory change.
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First Business Bank Awarded 2024 Top Workplaces USA Honor For Third Consecutive Year
April 4, 2024First Business Bank announces it earned the 2024 Top Workplaces USA award from Energage, the third year in a row the bank received prestigious national recognition powered by employee input.
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MidCap Business Credit LLC Completes $15 Million Asset-Based Credit Facility to Plastic Suppliers, Inc.
April 4, 2024MidCap Business Credit LLC announced today that it has completed a $15 million asset-based credit facility to Plastic Suppliers, Inc. The business was established in 1949 and is headquartered in Columbus, Ohio. The company manufactures thin-gauge bio based and petrochemical based films for a wide range of Consumer Packaged Goods market segments and applications.
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Tradecycle Capital Delivers a New Accounts Payable Finance Facility for a Top Auto Parts Distributor
April 4, 2024Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $2,500,000 revolving accounts payable funding facility for a value-added distributor of fluid power valves and hoses with two distinct business channels, commercial & Department of Defense.
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Jalan to Lead CohnReznick’s Global Offices
April 4, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Ashish Jalan has joined the firm as President–Global Operations effective April 1, 2024. In this newly created role, Jalan will oversee the resource management, talent development, operational effectiveness, and client service initiatives that will drive the firm’s ongoing offshore expansion.
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Peapack Private Hires Joanne Gagliardi, Senior Managing Director
April 4, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Joanne Gagliardi has joined its commercial banking team as a Senior Managing Director.
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Alvarez & Marsal’s Healthcare Industry Group Expands Expertise Appointing Mallory Van Horn as Managing Director
April 4, 2024Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Mallory Van Horn as a Managing Director within the firm’s Healthcare Industry Group’s Health Plans and Managed Care practice. Ms. Van Horn’s hire represents the next phase of the group’s growth strategy, following on the recent appointment of Managing Director and Health Plans and Managed Care Practice Leader, Craig Savage.
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TAB Bank Provides Packaging Company in Georgia with a $5 Million Credit Facility
April 4, 2024TAB Bank is pleased to announce it has provided a Georgia-based packaging company with a $5 million credit facility that spans multiple years. The facility will provide for the company’s ongoing working capital needs as well as fund growth opportunities.
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BC Partners Credit and Riddell Team-up on Strategic Investment to Fuel Future Growth
April 4, 2024BC Partners Credit, the credit arm of BC Partners, a leading alternative asset management firm, and Riddell, Inc., the industry leader in football helmet technology and sports protection innovation, today announced a strategic partnership that will further advance Riddell's central role in the game of football into the future.
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CIBC Innovation Banking Provides Growth Capital Financing to CertifID
April 4, 2024CIBC Innovation Banking announced today that it has provided growth financing for wire fraud protection company CertifID, which will use the financing to further expand its portfolio of wire fraud prevention services.
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OHA is a Joint Lead Arranger of the Private Unitranche Financing for HGGC’s Acquisition of Rimkus Consulting Group
April 4, 2024Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger for the private financing supporting the acquisition of Rimkus Consulting Group (“Rimkus”) by HGGC. Rimkus is a leading provider of mission-critical engineering and technical consulting services to clients worldwide.
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Kinetik Executes New Accounts Receivable Securitization Facility
April 4, 2024Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that one of its subsidiaries has entered into an agreement with PNC Bank, National Association for a $150 million accounts receivable securitization facility (“A/R Facility”) which matures April 2025 with an ongoing renewal mechanism.
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Finance Lawyer John Ryan Joins King & Spalding as Partner in New York
April 4, 2024King & Spalding announced today that John Ryan has joined the firm as a partner in its Finance and Restructuring practice group. Ryan is based in the firm’s New York office.
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Greenberg Traurig's Homin Lee Recognized as Banking and Finance Visionary
April 4, 2024Homin Lee, shareholder of global law firm Greenberg Traurig, LLP, was named a 2024 Banking and Finance Visionary by the Los Angeles Times B2B brand publishing team.
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Singing Machine Secures $2 Million Senior Credit Facility
April 3, 2024The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced the closing of a $2 million senior credit facility with Oxford Commercial Finance, a subsidiary of Oxford Bank.
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Salona Global Announces Expansion of Bank Line
April 3, 2024Salona Global Medical Device Corporation (“Salona Global”, “SGMD” or the “Company”) (TSXV:SGMD) today announced the expansion of its bank line. On September 12, 2023, an operating subsidiary of the Company, Biodex Medical Systems, Inc. (the “Borrower”), entered into a Master Credit and Security Agreement and related Schedule (the "Agreement") with Pathward, National Association (the “Lender”)
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SLR Business Credit Closes $500,000 Credit Facility for BeYou Cosmetics
April 3, 2024SLR Business Credit announces the funding of a $500,000 accounts receivable credit facility for BeYou Cosmetics, a manufacturer of natural skincare products.
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99 Cents Only Stores Files for Voluntary Chapter 11 Protection to Facilitate Wind-Down of Business Operations and Pursue Value Maximizing Sale of its Real Estate and Other Assets
April 8, 2024Number Holdings, Inc., the direct parent company of 99 Cents Only Stores LLC (the "Company" or "99 Cents Only Stores") today announced that it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court") to implement the previously announced orderly wind-down of its business and pursue a value maximizing sale of its real estate and other assets.
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FirstBank Announces New Chief Banking Officer
April 8, 2024FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good,” recently named Adam Sands the Chief Banking Officer (CBO). Sands will assume the majority of the responsibilities formerly held by the company’s President, including supporting the bank’s markets, customers, loan and deposit production as well as the company’s growth strategy.
-
The Promise Homes Company Secures Credit Facility from Leading Global Money Center Bank
April 4, 2024The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.
-
Wolters Kluwer launches AI-powered OneSumX® Reg Manager to Enhance Regulatory Change Management
April 4, 2024Wolters Kluwer Compliance Solutions has launched OneSumX® Reg Manager to help U.S. community banks and credit unions enhance their regulatory change management efforts. This artificial intelligence (AI)-powered solution represents the latest addition to the Compliance Solutions OneSumX portfolio suite, a trusted product line designed to help financial institutions across the U.S. more effectively navigate regulatory change.
-
First Business Bank Awarded 2024 Top Workplaces USA Honor For Third Consecutive Year
April 4, 2024First Business Bank announces it earned the 2024 Top Workplaces USA award from Energage, the third year in a row the bank received prestigious national recognition powered by employee input.
-
MidCap Business Credit LLC Completes $15 Million Asset-Based Credit Facility to Plastic Suppliers, Inc.
April 4, 2024MidCap Business Credit LLC announced today that it has completed a $15 million asset-based credit facility to Plastic Suppliers, Inc. The business was established in 1949 and is headquartered in Columbus, Ohio. The company manufactures thin-gauge bio based and petrochemical based films for a wide range of Consumer Packaged Goods market segments and applications.
-
Tradecycle Capital Delivers a New Accounts Payable Finance Facility for a Top Auto Parts Distributor
April 4, 2024Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $2,500,000 revolving accounts payable funding facility for a value-added distributor of fluid power valves and hoses with two distinct business channels, commercial & Department of Defense.
-
Jalan to Lead CohnReznick’s Global Offices
April 4, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Ashish Jalan has joined the firm as President–Global Operations effective April 1, 2024. In this newly created role, Jalan will oversee the resource management, talent development, operational effectiveness, and client service initiatives that will drive the firm’s ongoing offshore expansion.
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Peapack Private Hires Joanne Gagliardi, Senior Managing Director
April 4, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Joanne Gagliardi has joined its commercial banking team as a Senior Managing Director.
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Alvarez & Marsal’s Healthcare Industry Group Expands Expertise Appointing Mallory Van Horn as Managing Director
April 4, 2024Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Mallory Van Horn as a Managing Director within the firm’s Healthcare Industry Group’s Health Plans and Managed Care practice. Ms. Van Horn’s hire represents the next phase of the group’s growth strategy, following on the recent appointment of Managing Director and Health Plans and Managed Care Practice Leader, Craig Savage.
-
TAB Bank Provides Packaging Company in Georgia with a $5 Million Credit Facility
April 4, 2024TAB Bank is pleased to announce it has provided a Georgia-based packaging company with a $5 million credit facility that spans multiple years. The facility will provide for the company’s ongoing working capital needs as well as fund growth opportunities.
-
BC Partners Credit and Riddell Team-up on Strategic Investment to Fuel Future Growth
April 4, 2024BC Partners Credit, the credit arm of BC Partners, a leading alternative asset management firm, and Riddell, Inc., the industry leader in football helmet technology and sports protection innovation, today announced a strategic partnership that will further advance Riddell's central role in the game of football into the future.
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CIBC Innovation Banking Provides Growth Capital Financing to CertifID
April 4, 2024CIBC Innovation Banking announced today that it has provided growth financing for wire fraud protection company CertifID, which will use the financing to further expand its portfolio of wire fraud prevention services.
-
OHA is a Joint Lead Arranger of the Private Unitranche Financing for HGGC’s Acquisition of Rimkus Consulting Group
April 4, 2024Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger for the private financing supporting the acquisition of Rimkus Consulting Group (“Rimkus”) by HGGC. Rimkus is a leading provider of mission-critical engineering and technical consulting services to clients worldwide.
-
Kinetik Executes New Accounts Receivable Securitization Facility
April 4, 2024Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that one of its subsidiaries has entered into an agreement with PNC Bank, National Association for a $150 million accounts receivable securitization facility (“A/R Facility”) which matures April 2025 with an ongoing renewal mechanism.
-
Finance Lawyer John Ryan Joins King & Spalding as Partner in New York
April 4, 2024King & Spalding announced today that John Ryan has joined the firm as a partner in its Finance and Restructuring practice group. Ryan is based in the firm’s New York office.
-
Greenberg Traurig's Homin Lee Recognized as Banking and Finance Visionary
April 4, 2024Homin Lee, shareholder of global law firm Greenberg Traurig, LLP, was named a 2024 Banking and Finance Visionary by the Los Angeles Times B2B brand publishing team.
-
Singing Machine Secures $2 Million Senior Credit Facility
April 3, 2024The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced the closing of a $2 million senior credit facility with Oxford Commercial Finance, a subsidiary of Oxford Bank.
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Salona Global Announces Expansion of Bank Line
April 3, 2024Salona Global Medical Device Corporation (“Salona Global”, “SGMD” or the “Company”) (TSXV:SGMD) today announced the expansion of its bank line. On September 12, 2023, an operating subsidiary of the Company, Biodex Medical Systems, Inc. (the “Borrower”), entered into a Master Credit and Security Agreement and related Schedule (the "Agreement") with Pathward, National Association (the “Lender”)
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SLR Business Credit Closes $500,000 Credit Facility for BeYou Cosmetics
April 3, 2024SLR Business Credit announces the funding of a $500,000 accounts receivable credit facility for BeYou Cosmetics, a manufacturer of natural skincare products.