• Cambridge Savings Bank Offers Innovative Lending Solutions to Support LAB Medical’s Out-of-Market Expansion
    December 1, 2021
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Commercial Lending team offered a lending solution to support the growth of LAB Medical Manufacturing with acquisition financing for a new manufacturing facility in South Carolina. Headquartered in Billerica, Massachusetts, LAB Medical is a device manufacturer that produces precision surgical equipment for multibillion dollar organizations.
  • Danelle Larsen Joins FTI Consulting’s Office of the CFO Solutions Practice
    December 1, 2021
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Danelle Larsen as a Managing Director in the Office of the CFO Solutions practice within the firm’s Corporate Finance & Restructuring segment. Based in Los Angeles, Ms. Larsen is an interim leader with more than 20 years of strategic, financial, operational and restructuring experience across a range of transactions involving finance, treasury and accounting teams.
  • Haversine Bolsters Expertise with Senior Hire
    December 1, 2021
    Haversine Funding, a leading provider of lender financing solutions for the specialty finance space, today announced the hiring of Edward (“Eddie”) Mun, CPA to serve as controller. Haversine continues its rapid expansion and this newest addition reflects the company’s commitment to our investors and the specialty financing marketplace by developing, deploying and managing customized financing options for lenders.
  • Structured Finance Partner Christian Pugaczewski Joins Hunton Andrews Kurth in New York
    December 1, 2021
    Christian Pugaczewski, a structured finance attorney with nearly two decades of experience developing innovative financial products and documenting derivative transactions, including hedging contracts for securitizations and energy project finance, has joined Hunton Andrews Kurth LLP as a partner in New York.
  • Sunflower Bank Is First ABL Client to Move Operations to Solifi SaaS Platform
    December 1, 2021
    Solifi (formerly IDS), a global fintech software partner for secured finance, announced Sunflower Bank as its first client to move mission-critical Asset-Based Lending (ABL) operations to the Solifi software-as-a-service (SaaS) platform. Solifi completed migration of its end-to-end ABL SaaS solution earlier this year. Headquartered in Denver, Colorado, Sunflower Bank, N.A., is a regional bank founded over 129 years ago.
  • Citizens Business Bank Receives Regulatory Approvals to Acquire Suncrest Bank
    November 30, 2021
    CVB Financial Corp. (“CVBF”), the holding company for Citizens Business Bank (“Citizens”), announced that Citizens has received regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation, respectively, to complete its announced merger with Suncrest Bank headquartered in Visalia, California (“Suncrest”). Subject to satisfaction of all remaining closing conditions, the parties anticipate consummating the merger on or about January 7, 2022.
  • Dan Arnold Appointed To New Role As Senior Managing Director, Enterprise Valuation Services
    November 30, 2021
    eoffrey Frankel, CEO and Senior Managing Director – Hilco Corporate Finance, is pleased to announce that Dan Arnold will be transitioning to the role of Senior Managing Director, Enterprise Valuation Services. In this new role, Mr. Arnold will focus on building the Enterprise Valuation Services (EVS) practice, including originating new business in the core business valuation segment, as well as disputes and financial diligence practices.
  • Horizon Technology Finance Provides Additional $5 Million Venture Loan to Everstream Analytics
    November 30, 2021
    Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it provided an additional venture loan, in the principal amount of $5 million, to Everstream Analytics ("Everstream"), a provider of supply chain risk management software and an existing Horizon portfolio company.
  • PlainsCapital Bank’s Houston Commercial Lending Team Welcomes Kristi Conway
    November 30, 2021
    PlainsCapital Bank recently announced that Kristi Conway has joined its Houston lending group as executive vice president at 2925 Richmond Ave. Conway has more than 17 years of financial services and leadership experience, all of which she’s gained at Frost Bank. Most recently, she served as market president for commercial lending. Conway also held multiple management roles at Frost Bank, including senior vice president and vice president.
  • Iron Horse Credit Provides a $1 Million Inventory Line of Credit to an Eyewear Distributor
    November 30, 2021
    Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $1,000,000 stand-alone inventory revolving line of credit to an eyewear distributor. With over 30 years of experience in the eyewear industry, the client was able to leverage its existing relationships with vendors and major retailers to provide both branded and non-branded eyewear products.
  • Celtic Capital Corporation Announces New Client Relationship
    November 30, 2021
    Celtic Capital Corporation announced its most recent new client relationship – a California-based manufacturer of precision metal stamping, welding and automated assembly products for various industries. This third-generation business was leveraging its vendor relationships in lieu of traditional financing.
  • Air Industries Group Announces Expansion and Extension of Credit Facility
    November 30, 2021
    Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision assemblies and components for leading aerospace and defense prime contractors, today announced that Sterling National Bank (“Sterling National”) has agreed to expand the size of and extend the maturity of its Revolving Credit Facility and Term Loan. The revolving credit facility increased by 25%, or $4 million, from its current $16 million limit to $20 million. The inventory sublimit of the revolving credit facility also increased by $3 million, to $14 million.
  • Blue Bird Corporation Announces Amendment of Credit Facility
    November 30, 2021
    Today, Blue Bird Corporation (NASDAQ: BLBD), a leading manufacturer of school and activity buses, announced that it entered into a fourth amendment to its credit facility, dated as of December 12, 2016.
  • NMI Holdings, Inc. Amends and Extends Revolving Credit Facility, Expanding Lender Group and Increasing Capacity to $250 Million
    November 30, 2021
    J.P. Morgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and Truist Securities, Inc. served as joint lead arrangers on the transaction, with additional commitments made by Bank of Montreal, Goldman Sachs Bank USA and U.S. Bank National Association.
  • Siena Lending Group Provides Over $58 Million For A New Credit Facility To Biodiesel Producer
    November 29, 2021
    Siena Lending Group LLC ("Siena"), a leading asset-based lender, today announced the completion of a three-year asset-based revolving credit facility for a family‐owned and operated Biodiesel Producer. The facility consists of a $50 million revolver and an $8.2 million term loan.
  • Synovus Names Tom Dierdorff Head of Corporate & Investment Banking
    November 29, 2021
    Synovus Bank today announced the appointment of Tom Dierdorff as its new Head of Corporate & Investment Banking (CIB), effective November 29. Dierdorff most recently served as managing director and group head of financial services for Regions Bank and Regions Securities.
  • SFNet Continues to Express Concerns About the EIDL Program with Relevant Officials
    November 29, 2021
    In addition to United States Rep. Luetkemeyer, this includes Reps. Barr (Financial Services), Garcia (Appropriations) and Meuser (Small Business) and Mr. Daniel Krupnick, Senior Advisor to SBA Administrator Isabel Guzman, who have all indicated support for our position that the EDIL program should be terminated and, at a minimum, fixed to address the inequities in the administration of the program.
  • Cross-Border M&A Team Joins Dorsey’s New York Office
    November 29, 2021
    Dorsey & Whitney has boosted its Cross-Border and Merger & Acquisition Practices with two experienced attorneys in its New York office. Michael Budabin has joined as a Partner along with Marc Kushner as a Partner and Head of U.S. M&A under the leadership of M&A Co-Chairs Bill Jonason and Layne Smith. Kushner and Budabin are well-known and well-respected cross-border mergers & acquisitions attorneys and have particular expertise in transactions involving representations and warranties insurance (RWI). Budabin will also serve as head of Dorsey’s new Transactional Risk Insurance Group.
  • Gordon Brothers Provides SPM Toys Trading GmbH Secured Term Loan to Acquire Intellectual Property Rights & Assets from Spiele Max GmbH
    November 29, 2021
    Gordon Brothers, the global advisory, restructuring and investment firm, has provided SPM Toys Trading GmbH a secured term loan to purchase the intellectual property rights and assets of German retailer Spiele Max GmbH.
  • Sun Valley Raisins Engages BizCap®, Secures $15 Million in Financing
    November 29, 2021
    BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured a $15 million line of credit for Sun Valley Raisins, based in California’s Central Valley. This line of credit will be used to finance growth initiatives, including maximizing production volume capacity at Sun Valley Raisins’ plant facility.
  • Cambridge Savings Bank Offers Innovative Lending Solutions to Support LAB Medical’s Out-of-Market Expansion
    December 1, 2021
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Commercial Lending team offered a lending solution to support the growth of LAB Medical Manufacturing with acquisition financing for a new manufacturing facility in South Carolina. Headquartered in Billerica, Massachusetts, LAB Medical is a device manufacturer that produces precision surgical equipment for multibillion dollar organizations.
  • Danelle Larsen Joins FTI Consulting’s Office of the CFO Solutions Practice
    December 1, 2021
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Danelle Larsen as a Managing Director in the Office of the CFO Solutions practice within the firm’s Corporate Finance & Restructuring segment. Based in Los Angeles, Ms. Larsen is an interim leader with more than 20 years of strategic, financial, operational and restructuring experience across a range of transactions involving finance, treasury and accounting teams.
  • Haversine Bolsters Expertise with Senior Hire
    December 1, 2021
    Haversine Funding, a leading provider of lender financing solutions for the specialty finance space, today announced the hiring of Edward (“Eddie”) Mun, CPA to serve as controller. Haversine continues its rapid expansion and this newest addition reflects the company’s commitment to our investors and the specialty financing marketplace by developing, deploying and managing customized financing options for lenders.
  • Structured Finance Partner Christian Pugaczewski Joins Hunton Andrews Kurth in New York
    December 1, 2021
    Christian Pugaczewski, a structured finance attorney with nearly two decades of experience developing innovative financial products and documenting derivative transactions, including hedging contracts for securitizations and energy project finance, has joined Hunton Andrews Kurth LLP as a partner in New York.
  • Sunflower Bank Is First ABL Client to Move Operations to Solifi SaaS Platform
    December 1, 2021
    Solifi (formerly IDS), a global fintech software partner for secured finance, announced Sunflower Bank as its first client to move mission-critical Asset-Based Lending (ABL) operations to the Solifi software-as-a-service (SaaS) platform. Solifi completed migration of its end-to-end ABL SaaS solution earlier this year. Headquartered in Denver, Colorado, Sunflower Bank, N.A., is a regional bank founded over 129 years ago.
  • Citizens Business Bank Receives Regulatory Approvals to Acquire Suncrest Bank
    November 30, 2021
    CVB Financial Corp. (“CVBF”), the holding company for Citizens Business Bank (“Citizens”), announced that Citizens has received regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation, respectively, to complete its announced merger with Suncrest Bank headquartered in Visalia, California (“Suncrest”). Subject to satisfaction of all remaining closing conditions, the parties anticipate consummating the merger on or about January 7, 2022.
  • Dan Arnold Appointed To New Role As Senior Managing Director, Enterprise Valuation Services
    November 30, 2021
    eoffrey Frankel, CEO and Senior Managing Director – Hilco Corporate Finance, is pleased to announce that Dan Arnold will be transitioning to the role of Senior Managing Director, Enterprise Valuation Services. In this new role, Mr. Arnold will focus on building the Enterprise Valuation Services (EVS) practice, including originating new business in the core business valuation segment, as well as disputes and financial diligence practices.
  • Horizon Technology Finance Provides Additional $5 Million Venture Loan to Everstream Analytics
    November 30, 2021
    Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it provided an additional venture loan, in the principal amount of $5 million, to Everstream Analytics ("Everstream"), a provider of supply chain risk management software and an existing Horizon portfolio company.
  • PlainsCapital Bank’s Houston Commercial Lending Team Welcomes Kristi Conway
    November 30, 2021
    PlainsCapital Bank recently announced that Kristi Conway has joined its Houston lending group as executive vice president at 2925 Richmond Ave. Conway has more than 17 years of financial services and leadership experience, all of which she’s gained at Frost Bank. Most recently, she served as market president for commercial lending. Conway also held multiple management roles at Frost Bank, including senior vice president and vice president.
  • Iron Horse Credit Provides a $1 Million Inventory Line of Credit to an Eyewear Distributor
    November 30, 2021
    Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $1,000,000 stand-alone inventory revolving line of credit to an eyewear distributor. With over 30 years of experience in the eyewear industry, the client was able to leverage its existing relationships with vendors and major retailers to provide both branded and non-branded eyewear products.
  • Celtic Capital Corporation Announces New Client Relationship
    November 30, 2021
    Celtic Capital Corporation announced its most recent new client relationship – a California-based manufacturer of precision metal stamping, welding and automated assembly products for various industries. This third-generation business was leveraging its vendor relationships in lieu of traditional financing.
  • Air Industries Group Announces Expansion and Extension of Credit Facility
    November 30, 2021
    Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision assemblies and components for leading aerospace and defense prime contractors, today announced that Sterling National Bank (“Sterling National”) has agreed to expand the size of and extend the maturity of its Revolving Credit Facility and Term Loan. The revolving credit facility increased by 25%, or $4 million, from its current $16 million limit to $20 million. The inventory sublimit of the revolving credit facility also increased by $3 million, to $14 million.
  • Blue Bird Corporation Announces Amendment of Credit Facility
    November 30, 2021
    Today, Blue Bird Corporation (NASDAQ: BLBD), a leading manufacturer of school and activity buses, announced that it entered into a fourth amendment to its credit facility, dated as of December 12, 2016.
  • NMI Holdings, Inc. Amends and Extends Revolving Credit Facility, Expanding Lender Group and Increasing Capacity to $250 Million
    November 30, 2021
    J.P. Morgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and Truist Securities, Inc. served as joint lead arrangers on the transaction, with additional commitments made by Bank of Montreal, Goldman Sachs Bank USA and U.S. Bank National Association.
  • Siena Lending Group Provides Over $58 Million For A New Credit Facility To Biodiesel Producer
    November 29, 2021
    Siena Lending Group LLC ("Siena"), a leading asset-based lender, today announced the completion of a three-year asset-based revolving credit facility for a family‐owned and operated Biodiesel Producer. The facility consists of a $50 million revolver and an $8.2 million term loan.
  • Synovus Names Tom Dierdorff Head of Corporate & Investment Banking
    November 29, 2021
    Synovus Bank today announced the appointment of Tom Dierdorff as its new Head of Corporate & Investment Banking (CIB), effective November 29. Dierdorff most recently served as managing director and group head of financial services for Regions Bank and Regions Securities.
  • SFNet Continues to Express Concerns About the EIDL Program with Relevant Officials
    November 29, 2021
    In addition to United States Rep. Luetkemeyer, this includes Reps. Barr (Financial Services), Garcia (Appropriations) and Meuser (Small Business) and Mr. Daniel Krupnick, Senior Advisor to SBA Administrator Isabel Guzman, who have all indicated support for our position that the EDIL program should be terminated and, at a minimum, fixed to address the inequities in the administration of the program.
  • Cross-Border M&A Team Joins Dorsey’s New York Office
    November 29, 2021
    Dorsey & Whitney has boosted its Cross-Border and Merger & Acquisition Practices with two experienced attorneys in its New York office. Michael Budabin has joined as a Partner along with Marc Kushner as a Partner and Head of U.S. M&A under the leadership of M&A Co-Chairs Bill Jonason and Layne Smith. Kushner and Budabin are well-known and well-respected cross-border mergers & acquisitions attorneys and have particular expertise in transactions involving representations and warranties insurance (RWI). Budabin will also serve as head of Dorsey’s new Transactional Risk Insurance Group.
  • Gordon Brothers Provides SPM Toys Trading GmbH Secured Term Loan to Acquire Intellectual Property Rights & Assets from Spiele Max GmbH
    November 29, 2021
    Gordon Brothers, the global advisory, restructuring and investment firm, has provided SPM Toys Trading GmbH a secured term loan to purchase the intellectual property rights and assets of German retailer Spiele Max GmbH.
  • Sun Valley Raisins Engages BizCap®, Secures $15 Million in Financing
    November 29, 2021
    BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured a $15 million line of credit for Sun Valley Raisins, based in California’s Central Valley. This line of credit will be used to finance growth initiatives, including maximizing production volume capacity at Sun Valley Raisins’ plant facility.