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Flagstar Bank Names Adler Head of Wholesale Banking
November 11, 2021Flagstar Bank has named Michael Adler as executive vice president and head of Wholesale Banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets, and non-consumer-facing areas such as foreign exchange/swaps.
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Silgan Announces Completion of Amendment to Senior Secured Credit Facility
November 11, 2021Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging for consumer goods products, announced today that it completed an amendment to its existing senior secured credit facility which extends maturity dates by more than 3 years, increases the Company’s revolving loan facility from $1.2 billion to $1.5 billion and provides $1.0 billion in new term loans to refinance outstanding term and revolving loans used to fund the three recent acquisitions completed in 2021 and the acquisition of the dispensing operations of the Albéa Group in 2020.
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MeridianLink Completes Debt Refinancing With a New $435 million, 7-Year Credit Facility
November 11, 2021MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that the Company has entered into a Credit Agreement, providing a Term Loan B Facility (the “Facility”) of seven years in the aggregate principal amount of $435 million and a $50 million revolving credit facility.
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U.S. Bank Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050
November 11, 2021Setting a goal to reduce greenhouse gas emissions to zero by 2050 will expand U.S. Bank’s environmental focus from its operations to all parts of its business. The company will measure, disclose and commit to zero net greenhouse gas emissions – including financed emissions – by 2050.
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Bridge Bank Issues $4 Million Line of Credit to Ride Health
November 11, 2021Bridge Bank today announced that it has issued an accounts receivable-based $4 million line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. The line of credit will be used to support working capital needs.
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Oxford Finance Provides $50 Million Credit Facility to Kezar Life Sciences, Inc.
November 11, 2021Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $50 million senior secured term loan with Kezar Life Sciences, Inc. (NASDAQ: KZR) (“Kezar” or “the Company”), a clinical-stage biotechnology company discovering and developing breakthrough treatments for immune-mediated and oncologic disorders.
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Exiger Receives $70 Million Growth Facility from Monroe Capital
November 11, 2021Exiger, the global market leader in tech and technology-enabled compliance and risk management solutions, announced today that it has received a $70 million senior credit facility from Monroe Capital, LLC ("Monroe") to support its continued growth. Founded in 2013 and headquartered in New York City, Exiger arms the world's largest corporations, financial institutions and government entities with technology-enabled and Software as a Service ("SaaS") solutions that allow a proactive approach to risk and compliance.
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Harbor Integrates With Circle To Provide Faster Payments To Global Buyers And Suppliers
November 11, 2021Harbor, a fintech company redefining international trade finance, announced an integration with Circle, a global internet finance firm that provides payments and financial infrastructure to businesses of all sizes and the principal operator of USD Coin (USDC).
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BizCap Secures $7.5 Million in Financing for Elevate Addiction Services
November 11, 2021BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $7.5 million in growth financing for its client Elevate Addiction Services, a national leader and innovator in drug and alcohol rehabilitation.
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CNH Finance Closes $40 Million in new Committed Facilities in the Third Quarter 2021
November 10, 2021CNH Finance is pleased to announce it closed more than $40MM in new committed facilities in the third quarter 2021. These results continue a trend of strong portfolio performance during 2021, having achieved growth in net funds employed to beyond pre-pandemic levels. CNH looks to build on the momentum in the fourth quarter and beyond with an active pipeline of quality opportunities presenting themselves across healthcare and affiliated sectors.
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Accord Financial Provides $1,850,000 to a Group of Construction Companies
November 10, 2021Accord simplified access to capital for a group of construction companies by providing an AccordExpress BCAP loan, in combination with a factoring facility.
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J D Factors Announces Factoring Facilities
November 10, 2021J D Factors announced it provided the following factoring facilities: $200,000 to a transportation company in Connecticut; $150,000 to a transportation company in Texas; $100,000 to a transportation company in Manitoba; $150,000 to a transportation company in Arkansas...
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Franklin Capital Announces the Completion of a $1 Million Factoring Facility for an Apparel Company
November 10, 2021An existing client recently connected us with a new apparel company that had the opportunity to experience significant growth with their US-made apparel line after receiving new orders from multiple national retailers. Unfortunately, they lacked the working capital to fulfill the orders.
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Restaurant Real Estate Strategies Need to Account for the Labor Shortage and Other Disruptive Trends, Advises A&G Executive
November 10, 2021Restaurants would do well to rethink their real estate in the wake of disruptive trends such as the labor shortage and the supply-chain crunch, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in a Nov. 8 ‘Speakerbox’ column for Nation’s Restaurant News.
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BHI Appoints Michael Wadler as First Vice President, Commercial Real Estate, Based in Miami
November 10, 2021BHI, a full-service commercial bank, announced that it has appointed Michael Wadler as First Vice President, Commercial Real Estate. Wadler, a veteran banker whose career spans more than three decades, will be based in BHI’s Florida Representative Office.
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Heritage Bank of Commerce Hires David Casassa as SVP, Relationship Manager for San Rafael Region
November 10, 2021Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced that David Casassa has joined the Bank as Senior Vice President and Relationship Manager. He will focus on leveraging his extensive network in the North Bay to cultivate loans and deposits in the region.
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Team, Inc. Announces New Financing Agreement
November 10, 2021Team, Inc. ("TEAM") (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that it has entered into a $50 million delayed draw subordinated term loan facility (the "subordinated term loan") led by Corre Management Partners, LLC ("Corre Partners"). TEAM also announced that it has entered into an amendment of its Senior Secured Term Loan facility led by Atlantic Park Strategic Capital Fund, L.P.
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Hercules Capital Further Strengthens Its Capital Resources With New $100.0 Million Multi-Currency Credit Facility
November 10, 2021Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that effective November 9, 2021, it has entered into a new $100.0 million multi-currency credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”).
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Bank of America Names Al McRae President of Atlanta
November 10, 2021Bank of America has named Al McRae as president of Bank of America Atlanta. McRae succeeds Wendy Stewart, who was recently named a member of the company's senior management team and the president of Global Commercial Banking.
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Umpqua Bank Expands Middle Market Banking Division to Arizona
November 10, 2021Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced its expansion into the state of Arizona with the hire of Kevin Gillette to build and lead the bank's newly formed Phoenix middle market banking office. Gillette is one of Arizona's top banking leaders with more than 25 years of experience helping banks establish and grow commercial and corporate offices across the region.
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Flagstar Bank Names Adler Head of Wholesale Banking
November 11, 2021Flagstar Bank has named Michael Adler as executive vice president and head of Wholesale Banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets, and non-consumer-facing areas such as foreign exchange/swaps.
-
Silgan Announces Completion of Amendment to Senior Secured Credit Facility
November 11, 2021Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging for consumer goods products, announced today that it completed an amendment to its existing senior secured credit facility which extends maturity dates by more than 3 years, increases the Company’s revolving loan facility from $1.2 billion to $1.5 billion and provides $1.0 billion in new term loans to refinance outstanding term and revolving loans used to fund the three recent acquisitions completed in 2021 and the acquisition of the dispensing operations of the Albéa Group in 2020.
-
MeridianLink Completes Debt Refinancing With a New $435 million, 7-Year Credit Facility
November 11, 2021MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that the Company has entered into a Credit Agreement, providing a Term Loan B Facility (the “Facility”) of seven years in the aggregate principal amount of $435 million and a $50 million revolving credit facility.
-
U.S. Bank Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050
November 11, 2021Setting a goal to reduce greenhouse gas emissions to zero by 2050 will expand U.S. Bank’s environmental focus from its operations to all parts of its business. The company will measure, disclose and commit to zero net greenhouse gas emissions – including financed emissions – by 2050.
-
Bridge Bank Issues $4 Million Line of Credit to Ride Health
November 11, 2021Bridge Bank today announced that it has issued an accounts receivable-based $4 million line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. The line of credit will be used to support working capital needs.
-
Oxford Finance Provides $50 Million Credit Facility to Kezar Life Sciences, Inc.
November 11, 2021Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $50 million senior secured term loan with Kezar Life Sciences, Inc. (NASDAQ: KZR) (“Kezar” or “the Company”), a clinical-stage biotechnology company discovering and developing breakthrough treatments for immune-mediated and oncologic disorders.
-
Exiger Receives $70 Million Growth Facility from Monroe Capital
November 11, 2021Exiger, the global market leader in tech and technology-enabled compliance and risk management solutions, announced today that it has received a $70 million senior credit facility from Monroe Capital, LLC ("Monroe") to support its continued growth. Founded in 2013 and headquartered in New York City, Exiger arms the world's largest corporations, financial institutions and government entities with technology-enabled and Software as a Service ("SaaS") solutions that allow a proactive approach to risk and compliance.
-
Harbor Integrates With Circle To Provide Faster Payments To Global Buyers And Suppliers
November 11, 2021Harbor, a fintech company redefining international trade finance, announced an integration with Circle, a global internet finance firm that provides payments and financial infrastructure to businesses of all sizes and the principal operator of USD Coin (USDC).
-
BizCap Secures $7.5 Million in Financing for Elevate Addiction Services
November 11, 2021BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $7.5 million in growth financing for its client Elevate Addiction Services, a national leader and innovator in drug and alcohol rehabilitation.
-
CNH Finance Closes $40 Million in new Committed Facilities in the Third Quarter 2021
November 10, 2021CNH Finance is pleased to announce it closed more than $40MM in new committed facilities in the third quarter 2021. These results continue a trend of strong portfolio performance during 2021, having achieved growth in net funds employed to beyond pre-pandemic levels. CNH looks to build on the momentum in the fourth quarter and beyond with an active pipeline of quality opportunities presenting themselves across healthcare and affiliated sectors.
-
Accord Financial Provides $1,850,000 to a Group of Construction Companies
November 10, 2021Accord simplified access to capital for a group of construction companies by providing an AccordExpress BCAP loan, in combination with a factoring facility.
-
J D Factors Announces Factoring Facilities
November 10, 2021J D Factors announced it provided the following factoring facilities: $200,000 to a transportation company in Connecticut; $150,000 to a transportation company in Texas; $100,000 to a transportation company in Manitoba; $150,000 to a transportation company in Arkansas...
-
Franklin Capital Announces the Completion of a $1 Million Factoring Facility for an Apparel Company
November 10, 2021An existing client recently connected us with a new apparel company that had the opportunity to experience significant growth with their US-made apparel line after receiving new orders from multiple national retailers. Unfortunately, they lacked the working capital to fulfill the orders.
-
Restaurant Real Estate Strategies Need to Account for the Labor Shortage and Other Disruptive Trends, Advises A&G Executive
November 10, 2021Restaurants would do well to rethink their real estate in the wake of disruptive trends such as the labor shortage and the supply-chain crunch, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in a Nov. 8 ‘Speakerbox’ column for Nation’s Restaurant News.
-
BHI Appoints Michael Wadler as First Vice President, Commercial Real Estate, Based in Miami
November 10, 2021BHI, a full-service commercial bank, announced that it has appointed Michael Wadler as First Vice President, Commercial Real Estate. Wadler, a veteran banker whose career spans more than three decades, will be based in BHI’s Florida Representative Office.
-
Heritage Bank of Commerce Hires David Casassa as SVP, Relationship Manager for San Rafael Region
November 10, 2021Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced that David Casassa has joined the Bank as Senior Vice President and Relationship Manager. He will focus on leveraging his extensive network in the North Bay to cultivate loans and deposits in the region.
-
Team, Inc. Announces New Financing Agreement
November 10, 2021Team, Inc. ("TEAM") (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that it has entered into a $50 million delayed draw subordinated term loan facility (the "subordinated term loan") led by Corre Management Partners, LLC ("Corre Partners"). TEAM also announced that it has entered into an amendment of its Senior Secured Term Loan facility led by Atlantic Park Strategic Capital Fund, L.P.
-
Hercules Capital Further Strengthens Its Capital Resources With New $100.0 Million Multi-Currency Credit Facility
November 10, 2021Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that effective November 9, 2021, it has entered into a new $100.0 million multi-currency credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”).
-
Bank of America Names Al McRae President of Atlanta
November 10, 2021Bank of America has named Al McRae as president of Bank of America Atlanta. McRae succeeds Wendy Stewart, who was recently named a member of the company's senior management team and the president of Global Commercial Banking.
-
Umpqua Bank Expands Middle Market Banking Division to Arizona
November 10, 2021Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced its expansion into the state of Arizona with the hire of Kevin Gillette to build and lead the bank's newly formed Phoenix middle market banking office. Gillette is one of Arizona's top banking leaders with more than 25 years of experience helping banks establish and grow commercial and corporate offices across the region.
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