• Audax Private Debt Provides Financing to Support LLR Partners’ Acquisition of Genesee Scientific
    October 25, 2021
    Audax Private Debt announced that, as Joint Lead Arranger and Bookrunner, it provided a unitranche credit facility to support the acquisition of Genesee Scientific (“Genesee” or the “Company”) by LLR Partners, a Philadelphia-based private equity firm focused on investing in middle-market technology, healthcare, and services businesses.
  • Stride Funding Secures First of its kind $30 Million Facility With Silicon Valley Bank to Support SV Academy's Upskilling Programs for Underrepresented Learners
    October 25, 2021
    Stride Funding Inc. secured $30 million of low-cost education financing from Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, to fund the high-growth asset class of outcomes-driven funding products. The warehouse credit facility will be used to fund upskilling programs for graduates of SV Academy, the premier skills and employment platform for jobseekers transitioning into technology sales and customer success careers.
  • Stonebriar Commercial Finance Closes a $180 Million Loan
    October 25, 2021
    Stonebriar Commercial Finance (“Stonebriar” or “the Company”) today announced the closing of a $180 million senior secured term loan with a premier low-cost producer of quality sand to the Permian Basin. This facility represents Stonebriar’s fifth closed transaction with the borrower and its affiliates. The loan proceeds were used to refinance existing indebtedness and for general corporate purposes.
  • Hilco Redevelopment Partners Unveils The Bellwether District
    October 25, 2021
    Hilco Redevelopment Partners (HRP), an operating company within Hilco Global, has announced a new brand and identity for the former PES refinery in South Philadelphia. The 1,300-acre South Philadelphia property will now be called The Bellwether District thebellwetherdistrict.com. The Bellwether District will become an economic engine for the city of Philadelphia, driving change and inclusive growth by bringing thousands of jobs through future tenants in life sciences, e-commerce, and logistics.
  • Accel Entertainment Announces Closing of $900 Million Senior Secured Credit Facility
    October 25, 2021
    Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading distributed gaming operator in the U.S., today announced that it has amended its existing senior secured credit facility (“Amended Credit Facility”) to increase its borrowing capacity from $438 million to $900 million with a new five year term. The Amended Credit Facility consists of a $150 million Revolving Credit Facility, a $350 million Term Loan A and a $400 million Delayed Draw Term Loan.
  • Huntington Business Credit Closes $10 Million Credit Facility with Mid America Freight Logistics, LLC
    October 25, 2021
    Huntington Business Credit announced it closed a new $10,000,000 credit facility with Mid America Freight Logistics, LLC on October 1, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.
  • Washington Prime Group Announces Successful Completion of Financial Restructuring
    October 25, 2021
    During the Chapter 11 process, Kirkland & Ellis LLP served as legal counsel to the Company, and Alvarez & Marsal North America, LLC served as restructuring advisor. Guggenheim Securities, LLC served as the Company’s investment banker. Davis Polk & Wardwell LLP served as legal counsel and Evercore Group L.L.C. served as investment banker and financial advisor to SVPGlobal. Wachtell, Lipton, Rosen & Katz served as legal counsel and PJT Partners LP served as investment banker for an ad hoc group of consenting creditors.
  • Jushi Holdings Inc. Secures US$100 Million Acquisition Facility from Sunstream
    October 25, 2021
    Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that it has entered into definitive documentation in respect of a US$100 million Senior Secured Credit Facility (the “Acquisition Facility”) from a portfolio company of SunStream Bancorp Inc. (“Sunstream”), a joint venture sponsored by Sundial Growers Inc.
  • White Oak Delivers $80 Million Term Loan Financing
    October 25, 2021
    White Oak Global Advisors, LLC (“White Oak”), announced it provided a $80 million term loan supporting the refinancing of one of the largest non-ferrous and ferrous metals recyclers in the US. The structure, which also includes an $80 million asset-based credit facility, provides the company with a more efficient capital structure and increases its borrowing capacity as commodity prices increase.
  • Winston & Strawn Represents Jefferies and BofA Securities
    October 25, 2021
    Winston & Strawn represented Jefferies and BofA Securities as placement agents on the PIPE in connection with Live Oak Acquisition Corp. II’s (NYSE: LOKB) business combination with Navitas Semiconductor ("Navitas") (NASDAQ: NVTS), an industry leader in GaN power ICs, business combination with. Navitas' common shares and warrants began trading on Wednesday, October 20, 2021 on the Nasdaq Global Market under the ticker symbols "NVTS" and "NVTSW".
  • Amalgamated Bank Names Ivan Frishberg Chief Sustainability Officer
    October 25, 2021
    Amalgamated Bank (“Amalgamated”), a wholly-owned subsidiary of Amalgamated Financial (the “Company”) (Nasdaq: AMAL) today announced that Ivan Frishberg has been named Senior Vice President and Chief Sustainability Officer, and will be part of Bank Leadership effective October 22, 2021.
  • Maranon Announces Additions to Investment and Portfolio Teams
    October 25, 2021
    Maranon Capital, L.P. (“Maranon”) announced today the addition of five members to the firm’s investment and portfolio teams. Christian Jacobs (“CJ”) has joined the firm’s investment team as an Analyst and Daniel Figliulo, Quinn Gaughan, Gregory Hulse and Jacqueline Trujillo joined the portfolio team as Portfolio Analysts.
  • Amerisource Closes $4,000,000 Credit Facility for Staffing Firm
    October 25, 2021
    Amerisource Business Capital announced the closing and funding of a $4,000,000 senior credit facility for a nurse staffing firm based in Tennessee. The proceeds were used to fund working capital and continued growth.
  • Ares Management Corporation Launches Ares Wealth Management Solutions
    October 25, 2021
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today the formation of Ares Wealth Management Solutions (“WMS”). WMS will oversee the product development, distribution, marketing and client management activities across Ares’ investment offerings in the global wealth management channel. With a team of more than 90 fundraising and client service professionals, WMS will comprise one of the largest fundraising and client service teams dedicated to the wealth management channel in the alternatives industry.
  • J D Factors Announces Factoring Facilities
    October 25, 2021
    J D Factors announced it provided the following factoring facilities: $150,000 to a transportation company in Alberta; $120,000 to a transportation company in Illinois; $100,000 to a transportation company in Alberta; $150,000 to a transportation company in British Columbia...
  • Columbia Pacific Business Finance Provides $17MM Term Loan to Simpay
    October 25, 2021
    Simpay (formerly known as Alpha Card Services), a Trevose, PA-based independent sales organization specializing in merchant service solutions, received a $17m term loan from Columbia Pacific Business Finance. The funds will be used to refinance existing debt and fund expansion of Simpay’s sales and service initiatives.
  • Business First Bancshares, Inc. and Texas Citizens Bancorp, Inc. Announce Merger
    October 25, 2021
    Business First Bancshares, Inc. (Business First) (Nasdaq: BFST), the holding company for b1BANK, and Texas Citizens Bancorp, Inc. (Texas Citizens) today jointly announced the signing of a definitive agreement under which Business First will acquire Texas Citizens and its wholly owned bank subsidiary, Texas Citizens Bank, National Association. Following the completed transaction, the combined institution is expected to have total consolidated assets of approximately $4.9 billion.
  • Finacity, A White Oak Company, Facilitates A 3-Year $26.6 Million Receivables Securitization For A Global It Services Company
    October 25, 2021
    Finacity Corporation, a White Oak Company, (“Finacity”) announces that it has successfully launched a trade receivables securitization for a United States headquartered leading technology support company supporting enterprise and consumer products as well as managing IT infrastructure.
  • Stonebriar Commercial Finance Closes a $325 Million Loan to Overseas Shipholding Group, Inc.
    October 25, 2021
    Stonebriar Commercial Finance (“Stonebriar” or “the Company”) today announced the closing of a seven-year $325 million term loan credit facility with Overseas Shipholding Group, Inc. (“OSG”), a leading provider of energy transportation services for crude oil and petroleum products in the Jones Act trade. The loan is primarily secured by first preferred ship mortgages on ten U.S. flagged product transport vessels, including tankers and articulated tug and barges.
  • Gray Announces Proposed $1.5 Billion Incremental Term Loan and $500 Million Revolving Credit Facility; Updates Guidance for Third Quarter 2021
    October 21, 2021
    Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that in connection with its pending acquisition of the Local Media Group of Meredith Corporation (“Meredith LMG”), Gray is proposing, subject to market and other conditions, to enter into an amendment and restatement of its existing senior credit facility (the “Senior Credit Facility”). Gray also announced updates to certain of its previously announced guidance for the third quarter of 2021, based on preliminary information available to date.
  • Audax Private Debt Provides Financing to Support LLR Partners’ Acquisition of Genesee Scientific
    October 25, 2021
    Audax Private Debt announced that, as Joint Lead Arranger and Bookrunner, it provided a unitranche credit facility to support the acquisition of Genesee Scientific (“Genesee” or the “Company”) by LLR Partners, a Philadelphia-based private equity firm focused on investing in middle-market technology, healthcare, and services businesses.
  • Stride Funding Secures First of its kind $30 Million Facility With Silicon Valley Bank to Support SV Academy's Upskilling Programs for Underrepresented Learners
    October 25, 2021
    Stride Funding Inc. secured $30 million of low-cost education financing from Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, to fund the high-growth asset class of outcomes-driven funding products. The warehouse credit facility will be used to fund upskilling programs for graduates of SV Academy, the premier skills and employment platform for jobseekers transitioning into technology sales and customer success careers.
  • Stonebriar Commercial Finance Closes a $180 Million Loan
    October 25, 2021
    Stonebriar Commercial Finance (“Stonebriar” or “the Company”) today announced the closing of a $180 million senior secured term loan with a premier low-cost producer of quality sand to the Permian Basin. This facility represents Stonebriar’s fifth closed transaction with the borrower and its affiliates. The loan proceeds were used to refinance existing indebtedness and for general corporate purposes.
  • Hilco Redevelopment Partners Unveils The Bellwether District
    October 25, 2021
    Hilco Redevelopment Partners (HRP), an operating company within Hilco Global, has announced a new brand and identity for the former PES refinery in South Philadelphia. The 1,300-acre South Philadelphia property will now be called The Bellwether District thebellwetherdistrict.com. The Bellwether District will become an economic engine for the city of Philadelphia, driving change and inclusive growth by bringing thousands of jobs through future tenants in life sciences, e-commerce, and logistics.
  • Accel Entertainment Announces Closing of $900 Million Senior Secured Credit Facility
    October 25, 2021
    Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading distributed gaming operator in the U.S., today announced that it has amended its existing senior secured credit facility (“Amended Credit Facility”) to increase its borrowing capacity from $438 million to $900 million with a new five year term. The Amended Credit Facility consists of a $150 million Revolving Credit Facility, a $350 million Term Loan A and a $400 million Delayed Draw Term Loan.
  • Huntington Business Credit Closes $10 Million Credit Facility with Mid America Freight Logistics, LLC
    October 25, 2021
    Huntington Business Credit announced it closed a new $10,000,000 credit facility with Mid America Freight Logistics, LLC on October 1, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.
  • Washington Prime Group Announces Successful Completion of Financial Restructuring
    October 25, 2021
    During the Chapter 11 process, Kirkland & Ellis LLP served as legal counsel to the Company, and Alvarez & Marsal North America, LLC served as restructuring advisor. Guggenheim Securities, LLC served as the Company’s investment banker. Davis Polk & Wardwell LLP served as legal counsel and Evercore Group L.L.C. served as investment banker and financial advisor to SVPGlobal. Wachtell, Lipton, Rosen & Katz served as legal counsel and PJT Partners LP served as investment banker for an ad hoc group of consenting creditors.
  • Jushi Holdings Inc. Secures US$100 Million Acquisition Facility from Sunstream
    October 25, 2021
    Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that it has entered into definitive documentation in respect of a US$100 million Senior Secured Credit Facility (the “Acquisition Facility”) from a portfolio company of SunStream Bancorp Inc. (“Sunstream”), a joint venture sponsored by Sundial Growers Inc.
  • White Oak Delivers $80 Million Term Loan Financing
    October 25, 2021
    White Oak Global Advisors, LLC (“White Oak”), announced it provided a $80 million term loan supporting the refinancing of one of the largest non-ferrous and ferrous metals recyclers in the US. The structure, which also includes an $80 million asset-based credit facility, provides the company with a more efficient capital structure and increases its borrowing capacity as commodity prices increase.
  • Winston & Strawn Represents Jefferies and BofA Securities
    October 25, 2021
    Winston & Strawn represented Jefferies and BofA Securities as placement agents on the PIPE in connection with Live Oak Acquisition Corp. II’s (NYSE: LOKB) business combination with Navitas Semiconductor ("Navitas") (NASDAQ: NVTS), an industry leader in GaN power ICs, business combination with. Navitas' common shares and warrants began trading on Wednesday, October 20, 2021 on the Nasdaq Global Market under the ticker symbols "NVTS" and "NVTSW".
  • Amalgamated Bank Names Ivan Frishberg Chief Sustainability Officer
    October 25, 2021
    Amalgamated Bank (“Amalgamated”), a wholly-owned subsidiary of Amalgamated Financial (the “Company”) (Nasdaq: AMAL) today announced that Ivan Frishberg has been named Senior Vice President and Chief Sustainability Officer, and will be part of Bank Leadership effective October 22, 2021.
  • Maranon Announces Additions to Investment and Portfolio Teams
    October 25, 2021
    Maranon Capital, L.P. (“Maranon”) announced today the addition of five members to the firm’s investment and portfolio teams. Christian Jacobs (“CJ”) has joined the firm’s investment team as an Analyst and Daniel Figliulo, Quinn Gaughan, Gregory Hulse and Jacqueline Trujillo joined the portfolio team as Portfolio Analysts.
  • Amerisource Closes $4,000,000 Credit Facility for Staffing Firm
    October 25, 2021
    Amerisource Business Capital announced the closing and funding of a $4,000,000 senior credit facility for a nurse staffing firm based in Tennessee. The proceeds were used to fund working capital and continued growth.
  • Ares Management Corporation Launches Ares Wealth Management Solutions
    October 25, 2021
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today the formation of Ares Wealth Management Solutions (“WMS”). WMS will oversee the product development, distribution, marketing and client management activities across Ares’ investment offerings in the global wealth management channel. With a team of more than 90 fundraising and client service professionals, WMS will comprise one of the largest fundraising and client service teams dedicated to the wealth management channel in the alternatives industry.
  • J D Factors Announces Factoring Facilities
    October 25, 2021
    J D Factors announced it provided the following factoring facilities: $150,000 to a transportation company in Alberta; $120,000 to a transportation company in Illinois; $100,000 to a transportation company in Alberta; $150,000 to a transportation company in British Columbia...
  • Columbia Pacific Business Finance Provides $17MM Term Loan to Simpay
    October 25, 2021
    Simpay (formerly known as Alpha Card Services), a Trevose, PA-based independent sales organization specializing in merchant service solutions, received a $17m term loan from Columbia Pacific Business Finance. The funds will be used to refinance existing debt and fund expansion of Simpay’s sales and service initiatives.
  • Business First Bancshares, Inc. and Texas Citizens Bancorp, Inc. Announce Merger
    October 25, 2021
    Business First Bancshares, Inc. (Business First) (Nasdaq: BFST), the holding company for b1BANK, and Texas Citizens Bancorp, Inc. (Texas Citizens) today jointly announced the signing of a definitive agreement under which Business First will acquire Texas Citizens and its wholly owned bank subsidiary, Texas Citizens Bank, National Association. Following the completed transaction, the combined institution is expected to have total consolidated assets of approximately $4.9 billion.
  • Finacity, A White Oak Company, Facilitates A 3-Year $26.6 Million Receivables Securitization For A Global It Services Company
    October 25, 2021
    Finacity Corporation, a White Oak Company, (“Finacity”) announces that it has successfully launched a trade receivables securitization for a United States headquartered leading technology support company supporting enterprise and consumer products as well as managing IT infrastructure.
  • Stonebriar Commercial Finance Closes a $325 Million Loan to Overseas Shipholding Group, Inc.
    October 25, 2021
    Stonebriar Commercial Finance (“Stonebriar” or “the Company”) today announced the closing of a seven-year $325 million term loan credit facility with Overseas Shipholding Group, Inc. (“OSG”), a leading provider of energy transportation services for crude oil and petroleum products in the Jones Act trade. The loan is primarily secured by first preferred ship mortgages on ten U.S. flagged product transport vessels, including tankers and articulated tug and barges.
  • Gray Announces Proposed $1.5 Billion Incremental Term Loan and $500 Million Revolving Credit Facility; Updates Guidance for Third Quarter 2021
    October 21, 2021
    Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that in connection with its pending acquisition of the Local Media Group of Meredith Corporation (“Meredith LMG”), Gray is proposing, subject to market and other conditions, to enter into an amendment and restatement of its existing senior credit facility (the “Senior Credit Facility”). Gray also announced updates to certain of its previously announced guidance for the third quarter of 2021, based on preliminary information available to date.