• Truist Financial: Securities Announces Leadership Appointments in Technology, ESG, and Private Institutional Capital Investment Banking
    February 22, 2022
    Truist Securities today announced the recent appointments of three new investment banking group heads, expanding and strengthening the firm's client coverage and commitment to offering a high-touch advisory approach. Stellar Kim Tucker has joined Truist Securities as group head of Technology Investment Banking overseeing teams that serve the cloud technology, fintech, software and internet, martech and IT services industries. She will also serve as head of Truist Securities' Miami office.
  • Neuronetics Announces Amendment of Credit Facility with SLR Investment Corp.
    February 22, 2022
    Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced it has amended its term loan agreement with its current lenders, investment affiliates managed by SLR Investment Corp. (SLR), which was originally entered into on March 2, 2020 and subsequently amended on April 20, 2020 and December 2, 2020.
  • Huron Capital's Direct Connect Logistix Expands into Mountain West with Acquisition of Performance Logistics
    February 22, 2022
    Leading lower-middle-market private equity firm Huron Capital Partners ("Huron Capital") announced today that its third-party transportation and logistics services platform, Direct Connect Logistix ("DCL"), has acquired Performance Logistics, LLC ("Performance Logistics"). The combination of Performance Logistics' refrigerated and frozen food transportation services and large customers in the Mountain West strengthens DCL's capabilities, customer base and geographic reach.
  • Fluor Extends and Expands Credit Facility and Links Borrowing Costs to Future Environment, Social and Governance Performance Indicators
    February 22, 2022
    Fluor Corporation (NYSE: FLR) announced today that it has increased its credit facility to $1.8 billion and extended the maturity to February 2025. This facility includes an ESG-linked pricing option, which provides the opportunity to further lower the Company’s overall borrowing costs. These key performance indicators will be based on a future agreement with BNP Paribas and BofA Securities, Inc. as sustainability coordinators.
  • M&T Bank Corporation and People's United Financial, Inc. Extend Merger Agreement
    February 22, 2022
    M&T Bank Corporation (and People's United Financial, Inc. jointly announced today that the two companies have agreed to extend their merger agreement from February 21, 2022 to June 1, 2022. The merger received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking in October 2021.
  • Hilco Performance Solutions Announces Addition of Rob Wilson As Senior Director
    February 22, 2022
    Hilco Performance Solutions (HPS) is pleased to announce the addition of Rob Wilson to the advisory solutions team. Mr. Wilson will serve as a Senior Director at Hilco Performance Solutions in the metropolitan Detroit area, based in Madison Heights, MI. Mr. Wilson will be reporting directly to Steve Tanzi, President-Hilco Performance Solutions and Hilco Commercial Industrial, and will leverage his considerable experience to help Hilco Global continue to grow their client advisory services for both Hilco Performance Solutions and Getzler Henrich in addition to supporting Hilco Commercial Industrial in this key midwestern market.
  • Demica Reaches $20 Billion of Funding Outstanding as Banks Drive Trade Transformation
    February 22, 2022
    The market-leading Demica Platform, used by the world’s leading trade banks and corporates to power their supply chain finance programmes, has reached a milestone $20bn in funded programmes outstanding. Defined as the aggregate level of committed facilities or assets outstanding this represents well over $130bn of funded volume globally across its customers’ payables and receivables facilities.
  • CIT Provides $80.7 Million to IRA Capital for Surgical Center Acquisitions
    February 17, 2022
    CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, Florida, and Alexandria, Louisiana. In Naples, Florida, CIT provided $49.2 million toward the acquisition of a three-story surgical hospital and specialty care facility acquired by subsidiaries of IRA Capital. The Naples property is 86,287 RSF and leased to Naples Community Hospital and Physicians Regional Medical Center.
  • Fast Pay and The Arena Group Announce Increase in Credit Facility to $25,000,000
    February 17, 2022
    Today, Fast Pay Partners, a wholly owned subsidiary of SLR Business Credit, is pleased to announce an increase and maturity extension with The Arena Group of their credit facility to $25,000,000. The Arena Group, who owns the exclusive online publishing rights to Sports Illustrated, The Spun, TheStreet.com among others, has been a Fast Pay client since February 2020.
  • Peoples Bank to Acquire Vantage Financial, Llc
    February 17, 2022
    Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) announced today that its wholly owned subsidiary, Peoples Bank, has entered into a definitive agreement to acquire Vantage Financial, LLC ("Vantage"), a nationwide provider of equipment financing headquartered in Excelsior, Minnesota. Under the terms of the agreement, Peoples Bank will purchase 100% of the equity of Vantage for total cash consideration of $54 million.
  • TerraNova Capital acts as Sole Placement Agent to ATSG and Adviser to RunTide Capital for $57MM Funding
    February 17, 2022
    TerraNova Capital Structured Finance, the credit advisory and specialty finance group of TerraNova Capital Equities, Inc., announces the closing of a $57 Million Term Loan for ATSG, Inc., a RunTide Capital Portfolio Company. TerraNova Structured Finance acted as sole placement agent for this facility. In addition to the refinancing of ATSG's existing debt facility, the funds were used in the acquisition of a leading technology platform and managed services provider by ATSG
  • Ares Management Corporation Closes $3.8 Billion Net Lease Acquisition of Capital Automotive
    February 17, 2022
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive LLC (“CARS”) from a Brookfield private real estate fund for $3.8 billion. This latest transaction highlights Ares’ increased focus on serving sponsors and companies in need of flexible net lease solutions.
  • Comerica Bank Selects Jenae Anderson to Lead Commercial Banking in Colorado
    February 17, 2022
    Comerica Incorporated announced today that Jenae Anderson has been named the Head of Commercial Banking, reporting to Arizona Market President Steve Richins. Anderson brings more than 25 years of banking experience to Comerica, including the last 13 at a national bank where she served as Executive Director and Market Executive for Colorado.
  • Viking Partners Closes on Fifth and Largest Real Estate Fund at $130 Million
    February 17, 2022
    Private equity real estate investment firm Viking Partners has closed on Fund V, its fifth value-add real estate fund, at $130 million, exceeding its goal of $125 million in only five months, announced firm founder and Principal Bret Caller.
  • Tiger Group Offers Multimillion-Dollar Inventory of Seven7h Sense & Green Lily Products—An Opportunity for CBD, Cosmetics & Beauty Care Retailers, Distributors
    February 17, 2022
    Tiger Group is now accepting offers at SoldTiger.com on a massive array of Seven7h Sense and Green Lily CBD, cosmetics and beauty products. The closeout inventory—worth more than $6 million at retail—is surplus to the operations of a major North American distributor.
  • Sallyport Commercial Finance Announces $5 Million Funding for Specialist Hair Care
    February 17, 2022
    Sallyport Commercial Finance is delighted to announce funding of $5 million for a specialist hair care importer and distributor. This growing brand originated in the UK with a line of products dedicated to vegan and cruelty-free hair care and is continuing to realize their ambition of expansion into North America with a $5 million facility made up of accounts receivable and purchase order financing.
  • Amerisource Closes $5,000,000 Revolving Credit Facility for Infrastructure Services Firm
    February 17, 2022
    Amerisource Business Capital announced the closing and funding of a $5,000,000 senior credit facility for a Colorado-based commercial asphalt, concrete and infrastructure services firm. The proceeds were used to support the company’s growth.
  • White & Case Advises Goldman Sachs, Golub Capital and Berenberg on Debt Financing to Support Novo Holdings' Acquisition of BBI Group
    February 17, 2022
    Global law firm White & Case LLP has advised Goldman Sachs, Golub Capital and Berenberg, as term and revolving credit lenders, on the acquisition, capex and working capital financing to Baduhenna Holdco to support its acquisition of BBI Group. Lazard acted as financial adviser to Novo Holdings.
  • CIT Serves as Coordinating Lead Arranger on $71.4 Million Financing for Howard County, Maryland Solar Portfolio
    February 17, 2022
    CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as coordinating lead arranger on a $71.4 million in financing for a portfolio of solar projects. The borrower, Arches Solar LLC, a subsidiary of CleanCapital, owns a portfolio of distributed generation solar projects being developed in Howard County, Maryland. Electricity generated by the projects is fully contracted under a master purchase power agreement—the largest such agreement signed to date in the state.
  • McGuireWoods Again Ranks Among Top Firms Worldwide for Syndicated Lending Deals
    February 16, 2022
    McGuireWoods, one of the world’s pre-eminent banking and finance law firms, delivered another powerhouse performance for clients in 2021, ranking No. 2 worldwide for advising lenders in syndicated loans, according to authoritative league tables published by Refinitiv.
  • Truist Financial: Securities Announces Leadership Appointments in Technology, ESG, and Private Institutional Capital Investment Banking
    February 22, 2022
    Truist Securities today announced the recent appointments of three new investment banking group heads, expanding and strengthening the firm's client coverage and commitment to offering a high-touch advisory approach. Stellar Kim Tucker has joined Truist Securities as group head of Technology Investment Banking overseeing teams that serve the cloud technology, fintech, software and internet, martech and IT services industries. She will also serve as head of Truist Securities' Miami office.
  • Neuronetics Announces Amendment of Credit Facility with SLR Investment Corp.
    February 22, 2022
    Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced it has amended its term loan agreement with its current lenders, investment affiliates managed by SLR Investment Corp. (SLR), which was originally entered into on March 2, 2020 and subsequently amended on April 20, 2020 and December 2, 2020.
  • Huron Capital's Direct Connect Logistix Expands into Mountain West with Acquisition of Performance Logistics
    February 22, 2022
    Leading lower-middle-market private equity firm Huron Capital Partners ("Huron Capital") announced today that its third-party transportation and logistics services platform, Direct Connect Logistix ("DCL"), has acquired Performance Logistics, LLC ("Performance Logistics"). The combination of Performance Logistics' refrigerated and frozen food transportation services and large customers in the Mountain West strengthens DCL's capabilities, customer base and geographic reach.
  • Fluor Extends and Expands Credit Facility and Links Borrowing Costs to Future Environment, Social and Governance Performance Indicators
    February 22, 2022
    Fluor Corporation (NYSE: FLR) announced today that it has increased its credit facility to $1.8 billion and extended the maturity to February 2025. This facility includes an ESG-linked pricing option, which provides the opportunity to further lower the Company’s overall borrowing costs. These key performance indicators will be based on a future agreement with BNP Paribas and BofA Securities, Inc. as sustainability coordinators.
  • M&T Bank Corporation and People's United Financial, Inc. Extend Merger Agreement
    February 22, 2022
    M&T Bank Corporation (and People's United Financial, Inc. jointly announced today that the two companies have agreed to extend their merger agreement from February 21, 2022 to June 1, 2022. The merger received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking in October 2021.
  • Hilco Performance Solutions Announces Addition of Rob Wilson As Senior Director
    February 22, 2022
    Hilco Performance Solutions (HPS) is pleased to announce the addition of Rob Wilson to the advisory solutions team. Mr. Wilson will serve as a Senior Director at Hilco Performance Solutions in the metropolitan Detroit area, based in Madison Heights, MI. Mr. Wilson will be reporting directly to Steve Tanzi, President-Hilco Performance Solutions and Hilco Commercial Industrial, and will leverage his considerable experience to help Hilco Global continue to grow their client advisory services for both Hilco Performance Solutions and Getzler Henrich in addition to supporting Hilco Commercial Industrial in this key midwestern market.
  • Demica Reaches $20 Billion of Funding Outstanding as Banks Drive Trade Transformation
    February 22, 2022
    The market-leading Demica Platform, used by the world’s leading trade banks and corporates to power their supply chain finance programmes, has reached a milestone $20bn in funded programmes outstanding. Defined as the aggregate level of committed facilities or assets outstanding this represents well over $130bn of funded volume globally across its customers’ payables and receivables facilities.
  • CIT Provides $80.7 Million to IRA Capital for Surgical Center Acquisitions
    February 17, 2022
    CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, Florida, and Alexandria, Louisiana. In Naples, Florida, CIT provided $49.2 million toward the acquisition of a three-story surgical hospital and specialty care facility acquired by subsidiaries of IRA Capital. The Naples property is 86,287 RSF and leased to Naples Community Hospital and Physicians Regional Medical Center.
  • Fast Pay and The Arena Group Announce Increase in Credit Facility to $25,000,000
    February 17, 2022
    Today, Fast Pay Partners, a wholly owned subsidiary of SLR Business Credit, is pleased to announce an increase and maturity extension with The Arena Group of their credit facility to $25,000,000. The Arena Group, who owns the exclusive online publishing rights to Sports Illustrated, The Spun, TheStreet.com among others, has been a Fast Pay client since February 2020.
  • Peoples Bank to Acquire Vantage Financial, Llc
    February 17, 2022
    Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) announced today that its wholly owned subsidiary, Peoples Bank, has entered into a definitive agreement to acquire Vantage Financial, LLC ("Vantage"), a nationwide provider of equipment financing headquartered in Excelsior, Minnesota. Under the terms of the agreement, Peoples Bank will purchase 100% of the equity of Vantage for total cash consideration of $54 million.
  • TerraNova Capital acts as Sole Placement Agent to ATSG and Adviser to RunTide Capital for $57MM Funding
    February 17, 2022
    TerraNova Capital Structured Finance, the credit advisory and specialty finance group of TerraNova Capital Equities, Inc., announces the closing of a $57 Million Term Loan for ATSG, Inc., a RunTide Capital Portfolio Company. TerraNova Structured Finance acted as sole placement agent for this facility. In addition to the refinancing of ATSG's existing debt facility, the funds were used in the acquisition of a leading technology platform and managed services provider by ATSG
  • Ares Management Corporation Closes $3.8 Billion Net Lease Acquisition of Capital Automotive
    February 17, 2022
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive LLC (“CARS”) from a Brookfield private real estate fund for $3.8 billion. This latest transaction highlights Ares’ increased focus on serving sponsors and companies in need of flexible net lease solutions.
  • Comerica Bank Selects Jenae Anderson to Lead Commercial Banking in Colorado
    February 17, 2022
    Comerica Incorporated announced today that Jenae Anderson has been named the Head of Commercial Banking, reporting to Arizona Market President Steve Richins. Anderson brings more than 25 years of banking experience to Comerica, including the last 13 at a national bank where she served as Executive Director and Market Executive for Colorado.
  • Viking Partners Closes on Fifth and Largest Real Estate Fund at $130 Million
    February 17, 2022
    Private equity real estate investment firm Viking Partners has closed on Fund V, its fifth value-add real estate fund, at $130 million, exceeding its goal of $125 million in only five months, announced firm founder and Principal Bret Caller.
  • Tiger Group Offers Multimillion-Dollar Inventory of Seven7h Sense & Green Lily Products—An Opportunity for CBD, Cosmetics & Beauty Care Retailers, Distributors
    February 17, 2022
    Tiger Group is now accepting offers at SoldTiger.com on a massive array of Seven7h Sense and Green Lily CBD, cosmetics and beauty products. The closeout inventory—worth more than $6 million at retail—is surplus to the operations of a major North American distributor.
  • Sallyport Commercial Finance Announces $5 Million Funding for Specialist Hair Care
    February 17, 2022
    Sallyport Commercial Finance is delighted to announce funding of $5 million for a specialist hair care importer and distributor. This growing brand originated in the UK with a line of products dedicated to vegan and cruelty-free hair care and is continuing to realize their ambition of expansion into North America with a $5 million facility made up of accounts receivable and purchase order financing.
  • Amerisource Closes $5,000,000 Revolving Credit Facility for Infrastructure Services Firm
    February 17, 2022
    Amerisource Business Capital announced the closing and funding of a $5,000,000 senior credit facility for a Colorado-based commercial asphalt, concrete and infrastructure services firm. The proceeds were used to support the company’s growth.
  • White & Case Advises Goldman Sachs, Golub Capital and Berenberg on Debt Financing to Support Novo Holdings' Acquisition of BBI Group
    February 17, 2022
    Global law firm White & Case LLP has advised Goldman Sachs, Golub Capital and Berenberg, as term and revolving credit lenders, on the acquisition, capex and working capital financing to Baduhenna Holdco to support its acquisition of BBI Group. Lazard acted as financial adviser to Novo Holdings.
  • CIT Serves as Coordinating Lead Arranger on $71.4 Million Financing for Howard County, Maryland Solar Portfolio
    February 17, 2022
    CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as coordinating lead arranger on a $71.4 million in financing for a portfolio of solar projects. The borrower, Arches Solar LLC, a subsidiary of CleanCapital, owns a portfolio of distributed generation solar projects being developed in Howard County, Maryland. Electricity generated by the projects is fully contracted under a master purchase power agreement—the largest such agreement signed to date in the state.
  • McGuireWoods Again Ranks Among Top Firms Worldwide for Syndicated Lending Deals
    February 16, 2022
    McGuireWoods, one of the world’s pre-eminent banking and finance law firms, delivered another powerhouse performance for clients in 2021, ranking No. 2 worldwide for advising lenders in syndicated loans, according to authoritative league tables published by Refinitiv.