• Gerald Group Successfully Refinances its Twelfth Revolving Credit Facility
    January 27, 2022
    Gerald Group ("Gerald / the Group"), the world's largest independent and employee-owned metals trading house has successfully executed its twelfth annual Revolving Credit Facility ("RCF") for US$ 140 million. The Group, together with Credit Agricole and Credit Suisse (acting as Mandated Lead Arrangers), and Credit Agricole acting as Document Agent, and further supported by Deutsche Bank, DBS Bank, Banco do Brasil, Arab Bank, Banque Cantonale Vaudoise, Erste and UniCredit, arranged, documented and executed the RCF in under 2 months.
  • Old National and First Midwest Receive Final Regulatory Approval for Merger of Equals
    January 27, 2022
    Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ: FMBI), today announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval. This follows approvals received last year from the Office of the Comptroller of the Currency and stockholders of both companies.
  • Zions Bancorporation Completes Asset-Based Lending Deal With Houston Chemical Manufacturer
    January 27, 2022
    Zions Bancorporation, N.A., through its Texas division, Amegy Bank of Texas, closed and funded an $10,000,000 credit facility for a manufacturer of oilfield chemicals. The credit facility consisted of a multi-year revolving line of credit.
  • Access Capital Provides $400,000 Credit Facility for Intero Group
    January 27, 2022
    Intero provides specialized talent and consulting to prominent health systems across the US including Remote Medical Coding, Auditing, Clinical Documentation Improvement (CDI), and Revenue Cycle Management. (RCM) In 2021, Intero also brought in industry veteran Ryan Moloney as National Director to launch / lead a Tech Staffing vertical to address a huge need in Cyber Security staffing.
  • Boston Financial & Equity Closes $3 Million Equipment Lease for Start Up Company
    January 27, 2022
    Boston Financial & Equity recently closed a $3 million equipment lease line pari passu with a partner. The company based in California formed in May 2021 has raised a $20 million A round and is focused on the lithium ion battery manufacturing industry.
  • Three-Way Partnership Boosts Working Capital for U.S. Exporter; Helps Protect American Jobs
    January 27, 2022
    Accessing affordable and predictable working capital is essential for any company looking to navigate today’s complex supply chains. So when a large commodities exporter needed to improve its cash flow, a partnership between the Export-Import Bank of the United States (EXIM) Huntington Bancshares, Incorporated, and LSQ created an innovative supply chain finance (SCF) program to keep production humming, workers employed, and product moving - for the exporter and its suppliers.
  • Cerebro Capital Hits $3.3B Milestone and Builds Out Credit Originations Team
    January 27, 2022
    Cerebro Capital, a commercial loan marketplace, today announced the appointment of John Robinson and James Paterson as Managing Directors of Credit Origination. Together, Robinson and Paterson will source credit opportunities among private equity firms, investment banks, and other advisors to the middle-market for placement on Cerebro's platform.
  • Northleaf Announces Appointment of Technology Entrepreneur Michael Hyatt as a Senior Advisor to Its Venture Capital and Growth Equity Program
    January 27, 2022
    Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, is pleased to announce the appointment of Michael Hyatt as a Senior Advisor supporting Northleaf’s venture capital and growth equity investment program. Michael will work alongside the Northleaf private equity and venture capital team to source and evaluate investment opportunities.
  • Fifth Third Business Capital Provides $14.5 Million in Refinancing to Alliance Precision Plastics
    January 27, 2022
    Founded in 1953, Alliance Precision Plastics is a value-added manufacturer of thermoplastic component parts. The Company sells primarily to the healthcare/hospital equipment, business office machine, consumer appliance, industrial equipment and sporting equipment markets. Learn more about Alliance by visiting allianceppc.com.
  • LiquidX Grows Insurance Business 600% as Adoption of Digital Platform Accelerates
    January 27, 2022
    Following strong results in 2020, LiquidX’s insurance business continued its positive momentum by posting revenue growth of 600% and expanding its network to over 350 unique insurance platform users in 2021. This growth was largely driven by the adoption of the LiquidX Partner Program, a white label offering that enables clients across the Credit Insurance value chain – brokers, insurers, alternative risk providers, and insured parties – to digitize their operations by leveraging LiquidX technology.
  • LSQ Creates $7MM Credit Facility for Washington Tech Company
    January 27, 2022
    LSQ, a leading provider of working capital and payments solutions, recently originated a $7 million credit facility for a technology hardware company in Washington. The company will use the additional capital to fund their projected demand growth for new and existing products.
  • Solifi Joins Blackberry Ivy Advisory Council to Enhance The Connected Vehicle Future With Data-Driven Automotive Finance Use Cases
    January 27, 2022
    Solifi today announced a collaboration with BlackBerry Limited that will integrate BlackBerry IVY™ with the company’s open finance platform to drive innovative, high-impact finance use cases for OEMs and automotive finance providers.
  • Schulte Roth & Zabel Represents Deer Park Road Management Company in Formation of Flywheel SFR Fund I LP
    January 26, 2022
    Schulte Roth & Zabel LLP represented Deer Park Road Management Company (“Deer Park Road”), an alternative investment manager, in the formation of Flywheel SFR Fund I LP (the “Fund”), a closed-end real estate fund that will pursue a single-family rental strategy.
  • LBC Small Cap Scores Investment in Soccer Shots
    January 26, 2022
    LBC Small Cap provided senior secured credit facilities and an equity co-investment to support Susquehanna Private Capital’s (“SPC”) investment in Soccer Shots (the “Company”). LBC Small Cap served as Agent and Sole Lead Arranger for the senior secured credit facilities.
  • BizCap® Delivers Financing For Pacific Recycling
    January 26, 2022
    BizCap®, a national commercial finance and advisory firm, today announced it has successfully delivered a customized financing solution for its client, Pacific Recycling, Inc. This financing will be used to pay-off existing debt, with the remaining proceeds available as working capital to finance infrastructure expansion projects.
  • Michael Cardello III Elected Vice Chair of The Commercial & Federal Litigation Section of The New York State Bar Association
    January 26, 2022
    Moritt Hock & Hamroff LLP has announced that Michael Cardello III, a Partner of the firm, has been elected to serve as Vice Chair of the Commercial & Federal Litigation Section of the New York State Bar Association (COMFED).
  • SLR Business Credit Provides Funds Oskaloosa Food Products
    January 26, 2022
    SLR Business Credit provides a $5,000,000 asset-based revolving line of credit. The proceeds were used to repay the bank and provide additional ongoing working capital for the company.
  • SLR Healthcare ABL Announces Financing for Skilled Nursing Operator
    January 26, 2022
    SLR Healthcare ABL is pleased to announce it has provided a $3.5 million asset-based revolving line of credit for a skilled nursing operator in December 2021.
  • Ares Management Corporation Expands into European Real Estate Debt
    January 26, 2022
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that Philip Moore, Alessandro Luca and Anisa Dudhia have joined Ares to expand its real estate debt presence in Europe. These additions reflect a natural evolution of the Ares Real Estate Group’s 25-year track record in European real estate equity investing and its 10-year track record in U.S. real estate debt...Read More
  • Banc of California Hires Guillaume de Chalendar as SVP, Head of Media & Entertainment
    January 26, 2022
    Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Guillaume de Chalendar in the new position of SVP, Head of Media & Entertainment.
  • Gerald Group Successfully Refinances its Twelfth Revolving Credit Facility
    January 27, 2022
    Gerald Group ("Gerald / the Group"), the world's largest independent and employee-owned metals trading house has successfully executed its twelfth annual Revolving Credit Facility ("RCF") for US$ 140 million. The Group, together with Credit Agricole and Credit Suisse (acting as Mandated Lead Arrangers), and Credit Agricole acting as Document Agent, and further supported by Deutsche Bank, DBS Bank, Banco do Brasil, Arab Bank, Banque Cantonale Vaudoise, Erste and UniCredit, arranged, documented and executed the RCF in under 2 months.
  • Old National and First Midwest Receive Final Regulatory Approval for Merger of Equals
    January 27, 2022
    Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ: FMBI), today announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval. This follows approvals received last year from the Office of the Comptroller of the Currency and stockholders of both companies.
  • Zions Bancorporation Completes Asset-Based Lending Deal With Houston Chemical Manufacturer
    January 27, 2022
    Zions Bancorporation, N.A., through its Texas division, Amegy Bank of Texas, closed and funded an $10,000,000 credit facility for a manufacturer of oilfield chemicals. The credit facility consisted of a multi-year revolving line of credit.
  • Access Capital Provides $400,000 Credit Facility for Intero Group
    January 27, 2022
    Intero provides specialized talent and consulting to prominent health systems across the US including Remote Medical Coding, Auditing, Clinical Documentation Improvement (CDI), and Revenue Cycle Management. (RCM) In 2021, Intero also brought in industry veteran Ryan Moloney as National Director to launch / lead a Tech Staffing vertical to address a huge need in Cyber Security staffing.
  • Boston Financial & Equity Closes $3 Million Equipment Lease for Start Up Company
    January 27, 2022
    Boston Financial & Equity recently closed a $3 million equipment lease line pari passu with a partner. The company based in California formed in May 2021 has raised a $20 million A round and is focused on the lithium ion battery manufacturing industry.
  • Three-Way Partnership Boosts Working Capital for U.S. Exporter; Helps Protect American Jobs
    January 27, 2022
    Accessing affordable and predictable working capital is essential for any company looking to navigate today’s complex supply chains. So when a large commodities exporter needed to improve its cash flow, a partnership between the Export-Import Bank of the United States (EXIM) Huntington Bancshares, Incorporated, and LSQ created an innovative supply chain finance (SCF) program to keep production humming, workers employed, and product moving - for the exporter and its suppliers.
  • Cerebro Capital Hits $3.3B Milestone and Builds Out Credit Originations Team
    January 27, 2022
    Cerebro Capital, a commercial loan marketplace, today announced the appointment of John Robinson and James Paterson as Managing Directors of Credit Origination. Together, Robinson and Paterson will source credit opportunities among private equity firms, investment banks, and other advisors to the middle-market for placement on Cerebro's platform.
  • Northleaf Announces Appointment of Technology Entrepreneur Michael Hyatt as a Senior Advisor to Its Venture Capital and Growth Equity Program
    January 27, 2022
    Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, is pleased to announce the appointment of Michael Hyatt as a Senior Advisor supporting Northleaf’s venture capital and growth equity investment program. Michael will work alongside the Northleaf private equity and venture capital team to source and evaluate investment opportunities.
  • Fifth Third Business Capital Provides $14.5 Million in Refinancing to Alliance Precision Plastics
    January 27, 2022
    Founded in 1953, Alliance Precision Plastics is a value-added manufacturer of thermoplastic component parts. The Company sells primarily to the healthcare/hospital equipment, business office machine, consumer appliance, industrial equipment and sporting equipment markets. Learn more about Alliance by visiting allianceppc.com.
  • LiquidX Grows Insurance Business 600% as Adoption of Digital Platform Accelerates
    January 27, 2022
    Following strong results in 2020, LiquidX’s insurance business continued its positive momentum by posting revenue growth of 600% and expanding its network to over 350 unique insurance platform users in 2021. This growth was largely driven by the adoption of the LiquidX Partner Program, a white label offering that enables clients across the Credit Insurance value chain – brokers, insurers, alternative risk providers, and insured parties – to digitize their operations by leveraging LiquidX technology.
  • LSQ Creates $7MM Credit Facility for Washington Tech Company
    January 27, 2022
    LSQ, a leading provider of working capital and payments solutions, recently originated a $7 million credit facility for a technology hardware company in Washington. The company will use the additional capital to fund their projected demand growth for new and existing products.
  • Solifi Joins Blackberry Ivy Advisory Council to Enhance The Connected Vehicle Future With Data-Driven Automotive Finance Use Cases
    January 27, 2022
    Solifi today announced a collaboration with BlackBerry Limited that will integrate BlackBerry IVY™ with the company’s open finance platform to drive innovative, high-impact finance use cases for OEMs and automotive finance providers.
  • Schulte Roth & Zabel Represents Deer Park Road Management Company in Formation of Flywheel SFR Fund I LP
    January 26, 2022
    Schulte Roth & Zabel LLP represented Deer Park Road Management Company (“Deer Park Road”), an alternative investment manager, in the formation of Flywheel SFR Fund I LP (the “Fund”), a closed-end real estate fund that will pursue a single-family rental strategy.
  • LBC Small Cap Scores Investment in Soccer Shots
    January 26, 2022
    LBC Small Cap provided senior secured credit facilities and an equity co-investment to support Susquehanna Private Capital’s (“SPC”) investment in Soccer Shots (the “Company”). LBC Small Cap served as Agent and Sole Lead Arranger for the senior secured credit facilities.
  • BizCap® Delivers Financing For Pacific Recycling
    January 26, 2022
    BizCap®, a national commercial finance and advisory firm, today announced it has successfully delivered a customized financing solution for its client, Pacific Recycling, Inc. This financing will be used to pay-off existing debt, with the remaining proceeds available as working capital to finance infrastructure expansion projects.
  • Michael Cardello III Elected Vice Chair of The Commercial & Federal Litigation Section of The New York State Bar Association
    January 26, 2022
    Moritt Hock & Hamroff LLP has announced that Michael Cardello III, a Partner of the firm, has been elected to serve as Vice Chair of the Commercial & Federal Litigation Section of the New York State Bar Association (COMFED).
  • SLR Business Credit Provides Funds Oskaloosa Food Products
    January 26, 2022
    SLR Business Credit provides a $5,000,000 asset-based revolving line of credit. The proceeds were used to repay the bank and provide additional ongoing working capital for the company.
  • SLR Healthcare ABL Announces Financing for Skilled Nursing Operator
    January 26, 2022
    SLR Healthcare ABL is pleased to announce it has provided a $3.5 million asset-based revolving line of credit for a skilled nursing operator in December 2021.
  • Ares Management Corporation Expands into European Real Estate Debt
    January 26, 2022
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that Philip Moore, Alessandro Luca and Anisa Dudhia have joined Ares to expand its real estate debt presence in Europe. These additions reflect a natural evolution of the Ares Real Estate Group’s 25-year track record in European real estate equity investing and its 10-year track record in U.S. real estate debt...Read More
  • Banc of California Hires Guillaume de Chalendar as SVP, Head of Media & Entertainment
    January 26, 2022
    Banc 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 Guillaume de Chalendar in the new position of SVP, Head of Media & Entertainment.