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Cahill Announces New Partner and Counsel Elections
February 2, 2022Cahill Gordon & Reindel LLP announced today that Daniel Anderson, Donna M. Bryan and Andrew Schwartz have been elected to the partnership in Cahill’s New York office.
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CohnReznick Elevates 21 Professionals to Partner/Principal
February 2, 2022CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has promoted 21 professionals to its partnership, effective February 1, 2021.
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William Blair Announces Beth Satterfield as COO
February 2, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the expansion of its executive leadership team and named Beth Satterfield to the newly created position of chief operating officer.
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Banc of California Hires Education Finance Expert to Bolster Charter School Practice
February 2, 2022Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired John Helgeson in the new position of Senior Director, Specialty Banking to focus on banking and lending to charter schools. In this position, Helgeson will be reporting to Patti Thompson-Derry, Market Executive for Banc of California’s Healthcare, Education and Non-Profit Banking Group.
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Fifth Third Business Capital Provides $9 Million to Armored Republic Holdings for Management Buyout
February 2, 2022Fifth Third Business Capital provided a $9 million revolving line of credit, term loan and capital expenditure facility for Armored Republic Holdings LLC, Phoenix, AZ. Armored Republic Holdings manufactures body armor and related accessories primarily for direct-to-consumer use as well as select law enforcement and public safety professionals. Convergent Capital, an SBIC partner and mezzanine lender to several Fifth Third portfolio companies, assisted in the acquisition.
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Three in Four CEOs Fear Losing Their Jobs, Says AlixPartners Survey
February 2, 2022The AlixPartners 2022 Disruption Index surveyed more than 3,000 CEOs and executive leaders to examine their top business concerns and the impact of disruption--defined as the forces that displace businesses, markets, and operating models--on their organizations. Amid unprecedented business disruption, CEOs say the pandemic is not their foremost concern in the year ahead.
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Wells Fargo Names Jessica Lupovici to Lead Its Middle Market Banking East Region
February 2, 2022Wells Fargo & Company (NYSE: WFC) today announced that Jessica Lupovici has been named head of Middle Market Banking’s East Region, part of Commercial Banking. Lupovici will join Wells Fargo in April and report to Kristin Lesher, executive vice president and head of Wells Fargo Middle Market Banking.
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Syniverse Successfully Completes Syndication of $1.165 Bn Debt Refinancing
February 2, 2022Barclays Bank PLC acts as Joint Lead Arranger and Joint Bookrunner on the Term Loan, together with Goldman Sachs Bank USA, Mizuho Bank, Ltd., BofA Securities, Inc., Credit Suisse Loan Funding LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp. and Société Générale. Barclays Bank PLC will also be the Administrative Agent.
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CNH Finance Closes More Than 40 Facilities During 2021
February 2, 2022CNH Finance is pleased to announce it closed more than 40 facilities during 2021 totaling over $160MM in new commitments. These results signify its commitment to long-term stabilized portfolio growth through building new client relationships and supporting growth in existing partnerships.
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Celtic Capital Corporation Provides Financing for Commercial Printing Company
February 2, 2022Celtic Capital Corporation today announced its most recent new client relationship – a California-based commercial printing company. The Company had experienced a drop in revenue due to the pandemic and was in violation of certain loan covenants with its bank.
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Hong Kong-based Steel Trader Secures $20 Million Export Factoring Facility from Tradewind Finance
February 2, 2022Tradewind Finance is pleased to announce it has closed a USD 20 million export factoring facility for a steel trading company based in Hong Kong. The facility, in addition to the steel trader’s significant existing borrowing facilities, will be used to support the company’s growing international trade requirements, primarily to the US and Europe and upcoming trade deals based in South America and Southeast Asia.
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Stonebriar Commercial Finance Closes a $69 Million Renovation-to-Permanent Real Estate Financing
February 2, 2022Stonebriar Commercial Finance (“Stonebriar” or “SCF”) announces the closing of a $69 million financing for the repositioning of vacant industrial real estate. This 85 percent loan-to-cost mortgage financed both the purchase and redevelopment of a single industrial asset into two separate triple-net (NNN) properties.
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Winston & Strawn Represents The Vistria Group
February 2, 2022Winston & Strawn represented The Vistria Group in its majority recapitalization of Education Solutions Services (ESS.) ESS is one of the nation's leading scaled managed services companies dedicated to K-12 outsourced substitute, paraprofessional, and in-classroom virtual teacher solutions.
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Bridge Bank Provides $40 Million Credit Facility to Support Sayari Labs’ Growth
February 2, 2022Bridge Bank today announced its Technology Banking Group has closed on a $40 million credit facility for Sayari Labs Inc., a Washington, D.C.-based leader in financial intelligence and supply chain risk solutions. The credit facility includes venture debt and a monthly recurring revenue (MRR) line of credit to help fund Sayari’s growth.
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CENTOGENE Announces USD 62 Million Aggregate Equity and Debt Financings to Support Growth Plan
February 1, 2022Centogene N.V. (Nasdaq: CNTG), a commercial-stage company focused on generating data-driven insights to diagnose, understand, and treat rare diseases, today announced the closing of a EUR 15 million (approx. USD 17 million) private placement financing from investors led by DPE Deutsche Private Equity, TVM Capital Life Science, and Careventures (the “Private Placement Financing”), as well as the entry into a USD 45 million senior secured loan facility provided by Oxford Finance LLC, a specialty finance firm providing senior debt to life sciences and healthcare companies (the “Loan Facility”).
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FGI Names Sami Altaher as President
February 1, 2022FGI Worldwide LLC (www.FGIWW.com) has announced that Sami Altaher has been named President of FGI, effective today, February 1st. David DiPiero will continue to serve in his role as Chief Executive Officer. Mr. Altaher’s promotion and Mr. DiPiero’s continued service as CEO reflect their long-term vision for the senior leadership of FGI and their respective responsibilities.
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Real-Time Payments Capability Is Deciding Factor When Businesses Choose a Bank
February 1, 2022Eighty-five percent of business leaders say the most important factor when choosing a banking partner is whether the financial institution offers real-time payments (RTP) capabilities, according to Citizens’ annual payments and treasury survey.
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J D Factors Provides Factoring Facilities
February 1, 2022J D Factors announced it provided the following factoring facilities: $400,000 to a transportation company in British Columbia; $75,000 to a transportation company in Ontario; $400,000 to a transportation company in California; $400,000 to a commercial landscaping maintenance company in Florida...
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goeasy Ltd. Announces Enhancements to Securitization and Credit Facilities
January 31, 2022goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), one of Canada’s leading non-prime consumer lenders, announced today enhancements to its existing revolving securitization warehouse facility (the “Securitization Facility”) and senior secured revolving credit facility (the “Credit Facility”).
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Hilco Corporate Finance Announces Addition of Sheon Karol as Managing Director
January 31, 2022Hilco Corporate Finance is excited to announce the addition of Sheon Karol to the Hilco Corporate Finance team. Mr. Karol will serve as Managing Director in Corporate Finance/Special Situations. Mr. Karol is a nationally prominent investment banker and restructuring advisor. He joins the Hilco Corporate Finance team to build the special situations and restructuring practice nationally. Mr. Karol will be based in the New York office.
-
Cahill Announces New Partner and Counsel Elections
February 2, 2022Cahill Gordon & Reindel LLP announced today that Daniel Anderson, Donna M. Bryan and Andrew Schwartz have been elected to the partnership in Cahill’s New York office.
-
CohnReznick Elevates 21 Professionals to Partner/Principal
February 2, 2022CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has promoted 21 professionals to its partnership, effective February 1, 2021.
-
William Blair Announces Beth Satterfield as COO
February 2, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the expansion of its executive leadership team and named Beth Satterfield to the newly created position of chief operating officer.
-
Banc of California Hires Education Finance Expert to Bolster Charter School Practice
February 2, 2022Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired John Helgeson in the new position of Senior Director, Specialty Banking to focus on banking and lending to charter schools. In this position, Helgeson will be reporting to Patti Thompson-Derry, Market Executive for Banc of California’s Healthcare, Education and Non-Profit Banking Group.
-
Fifth Third Business Capital Provides $9 Million to Armored Republic Holdings for Management Buyout
February 2, 2022Fifth Third Business Capital provided a $9 million revolving line of credit, term loan and capital expenditure facility for Armored Republic Holdings LLC, Phoenix, AZ. Armored Republic Holdings manufactures body armor and related accessories primarily for direct-to-consumer use as well as select law enforcement and public safety professionals. Convergent Capital, an SBIC partner and mezzanine lender to several Fifth Third portfolio companies, assisted in the acquisition.
-
Three in Four CEOs Fear Losing Their Jobs, Says AlixPartners Survey
February 2, 2022The AlixPartners 2022 Disruption Index surveyed more than 3,000 CEOs and executive leaders to examine their top business concerns and the impact of disruption--defined as the forces that displace businesses, markets, and operating models--on their organizations. Amid unprecedented business disruption, CEOs say the pandemic is not their foremost concern in the year ahead.
-
Wells Fargo Names Jessica Lupovici to Lead Its Middle Market Banking East Region
February 2, 2022Wells Fargo & Company (NYSE: WFC) today announced that Jessica Lupovici has been named head of Middle Market Banking’s East Region, part of Commercial Banking. Lupovici will join Wells Fargo in April and report to Kristin Lesher, executive vice president and head of Wells Fargo Middle Market Banking.
-
Syniverse Successfully Completes Syndication of $1.165 Bn Debt Refinancing
February 2, 2022Barclays Bank PLC acts as Joint Lead Arranger and Joint Bookrunner on the Term Loan, together with Goldman Sachs Bank USA, Mizuho Bank, Ltd., BofA Securities, Inc., Credit Suisse Loan Funding LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp. and Société Générale. Barclays Bank PLC will also be the Administrative Agent.
-
CNH Finance Closes More Than 40 Facilities During 2021
February 2, 2022CNH Finance is pleased to announce it closed more than 40 facilities during 2021 totaling over $160MM in new commitments. These results signify its commitment to long-term stabilized portfolio growth through building new client relationships and supporting growth in existing partnerships.
-
Celtic Capital Corporation Provides Financing for Commercial Printing Company
February 2, 2022Celtic Capital Corporation today announced its most recent new client relationship – a California-based commercial printing company. The Company had experienced a drop in revenue due to the pandemic and was in violation of certain loan covenants with its bank.
-
Hong Kong-based Steel Trader Secures $20 Million Export Factoring Facility from Tradewind Finance
February 2, 2022Tradewind Finance is pleased to announce it has closed a USD 20 million export factoring facility for a steel trading company based in Hong Kong. The facility, in addition to the steel trader’s significant existing borrowing facilities, will be used to support the company’s growing international trade requirements, primarily to the US and Europe and upcoming trade deals based in South America and Southeast Asia.
-
Stonebriar Commercial Finance Closes a $69 Million Renovation-to-Permanent Real Estate Financing
February 2, 2022Stonebriar Commercial Finance (“Stonebriar” or “SCF”) announces the closing of a $69 million financing for the repositioning of vacant industrial real estate. This 85 percent loan-to-cost mortgage financed both the purchase and redevelopment of a single industrial asset into two separate triple-net (NNN) properties.
-
Winston & Strawn Represents The Vistria Group
February 2, 2022Winston & Strawn represented The Vistria Group in its majority recapitalization of Education Solutions Services (ESS.) ESS is one of the nation's leading scaled managed services companies dedicated to K-12 outsourced substitute, paraprofessional, and in-classroom virtual teacher solutions.
-
Bridge Bank Provides $40 Million Credit Facility to Support Sayari Labs’ Growth
February 2, 2022Bridge Bank today announced its Technology Banking Group has closed on a $40 million credit facility for Sayari Labs Inc., a Washington, D.C.-based leader in financial intelligence and supply chain risk solutions. The credit facility includes venture debt and a monthly recurring revenue (MRR) line of credit to help fund Sayari’s growth.
-
CENTOGENE Announces USD 62 Million Aggregate Equity and Debt Financings to Support Growth Plan
February 1, 2022Centogene N.V. (Nasdaq: CNTG), a commercial-stage company focused on generating data-driven insights to diagnose, understand, and treat rare diseases, today announced the closing of a EUR 15 million (approx. USD 17 million) private placement financing from investors led by DPE Deutsche Private Equity, TVM Capital Life Science, and Careventures (the “Private Placement Financing”), as well as the entry into a USD 45 million senior secured loan facility provided by Oxford Finance LLC, a specialty finance firm providing senior debt to life sciences and healthcare companies (the “Loan Facility”).
-
FGI Names Sami Altaher as President
February 1, 2022FGI Worldwide LLC (www.FGIWW.com) has announced that Sami Altaher has been named President of FGI, effective today, February 1st. David DiPiero will continue to serve in his role as Chief Executive Officer. Mr. Altaher’s promotion and Mr. DiPiero’s continued service as CEO reflect their long-term vision for the senior leadership of FGI and their respective responsibilities.
-
Real-Time Payments Capability Is Deciding Factor When Businesses Choose a Bank
February 1, 2022Eighty-five percent of business leaders say the most important factor when choosing a banking partner is whether the financial institution offers real-time payments (RTP) capabilities, according to Citizens’ annual payments and treasury survey.
-
J D Factors Provides Factoring Facilities
February 1, 2022J D Factors announced it provided the following factoring facilities: $400,000 to a transportation company in British Columbia; $75,000 to a transportation company in Ontario; $400,000 to a transportation company in California; $400,000 to a commercial landscaping maintenance company in Florida...
-
goeasy Ltd. Announces Enhancements to Securitization and Credit Facilities
January 31, 2022goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), one of Canada’s leading non-prime consumer lenders, announced today enhancements to its existing revolving securitization warehouse facility (the “Securitization Facility”) and senior secured revolving credit facility (the “Credit Facility”).
-
Hilco Corporate Finance Announces Addition of Sheon Karol as Managing Director
January 31, 2022Hilco Corporate Finance is excited to announce the addition of Sheon Karol to the Hilco Corporate Finance team. Mr. Karol will serve as Managing Director in Corporate Finance/Special Situations. Mr. Karol is a nationally prominent investment banker and restructuring advisor. He joins the Hilco Corporate Finance team to build the special situations and restructuring practice nationally. Mr. Karol will be based in the New York office.
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