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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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Priscilla Wallace Named Head of Supplier Diversity for Wells Fargo
November 10, 2021Wells Fargo & Company (NYSE: WFC) today announced that Priscilla Wallace has been named head of supplier diversity for the company. Wallace joined Wells Fargo last month and will report to Barb Kubicki-Hicks, chief procurement officer, with a dotted line to Kelley Cornish, head of Diverse Segments, Representation and Inclusion Program Management Office and Enterprise Initiatives.
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First Horizon Corporation Names Hope Dmuchowski As Chief Financial Officer
November 10, 2021First Horizon Corporation (NYSE: FHN or the "Company") today announced the appointment of Hope Dmuchowski as Senior Executive Vice President and Chief Financial Officer. She will serve on the Company's Executive Management Committee and report to President and Chief Executive Officer Bryan Jordan.
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Elis Signs its first €900 Million Sustainability-Linked Revolving Credit Facility
November 9, 2021Elis, an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, today announces that it has successfully signed a new €900 million syndicated Revolving Credit Facility (the “RCF”) with a group of 13 core relationship banks.
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Mexico's Cemex Says Closed $3.25 Billion Syndicated Credit Agreement
November 9, 2021The new credit agreement consists of a $1.5 billion five-year amortizing term loans and a $1.75 billion five-year committed revolving credit facility, the company said in a statement.
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Oxford Finance Closes $20 Million Credit Facility with PlateletBio
November 9, 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 $20 million senior secured term loan with PlateletBio (or "the Company"), a preclinical-stage biotechnology company pioneering an entirely new platform of allogeneic cell therapies based on platelet biology.
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TAB Bank Provides Transportation Company in Michigan with a $2 Million Asset-Based Credit Facility
November 9, 2021TAB Bank is pleased to announce it has provided a transportation company in Michigan with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Iron Horse Credit Closes a $3 Million Inventory Line of Credit to a Safety Product Distributor
November 9, 2021Experiencing exponential growth prior and throughout the ever-changing environment arising from the pandemic, the client was in need of working capital from a lender that could facilitate its rapid growth. The client was introduced to Iron Horse Credit by a long-standing referral partner who trusted IHC’s ability to execute complex inventory-only facilities.
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Concord Serves as Exclusive Financial Advisor and Arranges $6MM Real Estate Loan in 35 Days
November 9, 2021Concord Financial Advisors, LLC announced it served as exclusive financial advisor and arranger of a $6 million real estate mortgage for a real estate developer in the Midwestern United States.
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TD Bank Ranks No. 1 in SBA Lending for Fifth Straight Year in Maine-to-Florida Footprint
November 9, 2021TD Bank, America’s Most Convenient Bank®, announced today that it ranked No. 1 for the fifth consecutive year in total number of approved U.S. Small Business Administration (SBA) loan units in its Maine-to-Florida footprint for the SBA's 2021 fiscal year. TD supported more than 1,400 businesses through two SBA lending products: 7(a) and 504 loans.
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Phoenix Management Services Assists a Midwest-Based Metal Coatings Provider in Obtaining $2.75 Million Refinancing
November 9, 2021Phoenix Management Services® (“Phoenix Management”), a leading provider of operationally focused solutions, acted as the financial advisor to a mid-west manufacturing metal coatings provider (the “Company”) in arranging, structuring, and negotiating a $2.75 million loan package with Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing firm.
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Pathlight Capital Closes Second ABL Credit Fund with $1.16 Billion of Commitments
November 9, 2021Pathlight Capital LP ("Pathlight") announced today the final closing of its sophomore funds, Pathlight Capital Fund II LP and Pathlight Capital Offshore Fund II, LP (together, the "Fund"), with $1.16 billion of capital commitments. The Fund was oversubscribed, closing above its original fundraising target of $750 million to $1 billion. Wilmer Cutler Pickering Hale and Dorr LLP provided legal counsel.
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CIT Arranges Up to $58 Million to Refinance Four Container Ships
November 8, 2021CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.
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DCM Announces Credit Facility Refinancing, Expected to Deliver $1.5 million of Interest Expense Savings in 2022
November 8, 2021-DATA Communications Management Corp. (TSX: DCM) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, is pleased to announce the refinancing of certain of its credit facilities. The proceeds from new term loans will be used to repay a portion of the Company’s outstanding indebtedness.
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EMERGE Announces Refinancing of Term Loan and Upsizing of Credit Facility to $25 Million
November 8, 2021EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), a diversified, rapidly growing acquirer and operator of niche e-commerce brands, is pleased to announce the refinancing of its $8 million term loan, and upsizing of its credit facility providing for a total facility limit of $25 million (the "Facility") with primary use of funds expected to be future acquisition financing.
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Lakeland Bancorp, Inc. and 1st Constitution Bancorp Announce the Receipt of FDIC and New Jersey Approvals in Connection with Proposed Merger
November 8, 2021Lakeland Bancorp, Inc. (“Lakeland”) (NASDAQ: LBAI), the parent company of Lakeland Bank, and 1st Constitution Bancorp (“1st Constitution”) (NASDAQ: FCCY), the parent company of 1st Constitution Bank, announced today the receipt of Federal Deposit Insurance Corporation and New Jersey Department of Banking and Insurance approval in connection with the proposed merger of 1st Constitution with and into Lakeland.
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First Internet Bank Expands Arizona Commercial Banking Team
November 8, 2021irst Internet Bank announced the hiring of Vice President of Commercial Banking, Ryan Hasher. Mr. Hasher joins First Internet Bank’s Arizona-based commercial banking team, reporting to Regional Vice President Neil Barna.
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FTI Consulting Commits to Net-Zero Greenhouse Gas Emissions by 2030
November 8, 2021The Company will identify emission reduction targets for Scope 1 and Scope 2 emissions, as well as business travel, in 2022 and intends to work toward having these goals validated by the Science Based Targets initiative (“SBTi”). The commitment was made as part of FTI Consulting’s inaugural Corporate Sustainability Report, which explains the Company’s approach to its environmental, social and governance (“ESG”) risks and opportunities, programs, policies, practices and goals.
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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”).
-
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.
-
Priscilla Wallace Named Head of Supplier Diversity for Wells Fargo
November 10, 2021Wells Fargo & Company (NYSE: WFC) today announced that Priscilla Wallace has been named head of supplier diversity for the company. Wallace joined Wells Fargo last month and will report to Barb Kubicki-Hicks, chief procurement officer, with a dotted line to Kelley Cornish, head of Diverse Segments, Representation and Inclusion Program Management Office and Enterprise Initiatives.
-
First Horizon Corporation Names Hope Dmuchowski As Chief Financial Officer
November 10, 2021First Horizon Corporation (NYSE: FHN or the "Company") today announced the appointment of Hope Dmuchowski as Senior Executive Vice President and Chief Financial Officer. She will serve on the Company's Executive Management Committee and report to President and Chief Executive Officer Bryan Jordan.
-
Elis Signs its first €900 Million Sustainability-Linked Revolving Credit Facility
November 9, 2021Elis, an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, today announces that it has successfully signed a new €900 million syndicated Revolving Credit Facility (the “RCF”) with a group of 13 core relationship banks.
-
Mexico's Cemex Says Closed $3.25 Billion Syndicated Credit Agreement
November 9, 2021The new credit agreement consists of a $1.5 billion five-year amortizing term loans and a $1.75 billion five-year committed revolving credit facility, the company said in a statement.
-
Oxford Finance Closes $20 Million Credit Facility with PlateletBio
November 9, 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 $20 million senior secured term loan with PlateletBio (or "the Company"), a preclinical-stage biotechnology company pioneering an entirely new platform of allogeneic cell therapies based on platelet biology.
-
TAB Bank Provides Transportation Company in Michigan with a $2 Million Asset-Based Credit Facility
November 9, 2021TAB Bank is pleased to announce it has provided a transportation company in Michigan with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
-
Iron Horse Credit Closes a $3 Million Inventory Line of Credit to a Safety Product Distributor
November 9, 2021Experiencing exponential growth prior and throughout the ever-changing environment arising from the pandemic, the client was in need of working capital from a lender that could facilitate its rapid growth. The client was introduced to Iron Horse Credit by a long-standing referral partner who trusted IHC’s ability to execute complex inventory-only facilities.
-
Concord Serves as Exclusive Financial Advisor and Arranges $6MM Real Estate Loan in 35 Days
November 9, 2021Concord Financial Advisors, LLC announced it served as exclusive financial advisor and arranger of a $6 million real estate mortgage for a real estate developer in the Midwestern United States.
-
TD Bank Ranks No. 1 in SBA Lending for Fifth Straight Year in Maine-to-Florida Footprint
November 9, 2021TD Bank, America’s Most Convenient Bank®, announced today that it ranked No. 1 for the fifth consecutive year in total number of approved U.S. Small Business Administration (SBA) loan units in its Maine-to-Florida footprint for the SBA's 2021 fiscal year. TD supported more than 1,400 businesses through two SBA lending products: 7(a) and 504 loans.
-
Phoenix Management Services Assists a Midwest-Based Metal Coatings Provider in Obtaining $2.75 Million Refinancing
November 9, 2021Phoenix Management Services® (“Phoenix Management”), a leading provider of operationally focused solutions, acted as the financial advisor to a mid-west manufacturing metal coatings provider (the “Company”) in arranging, structuring, and negotiating a $2.75 million loan package with Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing firm.
-
Pathlight Capital Closes Second ABL Credit Fund with $1.16 Billion of Commitments
November 9, 2021Pathlight Capital LP ("Pathlight") announced today the final closing of its sophomore funds, Pathlight Capital Fund II LP and Pathlight Capital Offshore Fund II, LP (together, the "Fund"), with $1.16 billion of capital commitments. The Fund was oversubscribed, closing above its original fundraising target of $750 million to $1 billion. Wilmer Cutler Pickering Hale and Dorr LLP provided legal counsel.
-
CIT Arranges Up to $58 Million to Refinance Four Container Ships
November 8, 2021CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.
-
DCM Announces Credit Facility Refinancing, Expected to Deliver $1.5 million of Interest Expense Savings in 2022
November 8, 2021-DATA Communications Management Corp. (TSX: DCM) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, is pleased to announce the refinancing of certain of its credit facilities. The proceeds from new term loans will be used to repay a portion of the Company’s outstanding indebtedness.
-
EMERGE Announces Refinancing of Term Loan and Upsizing of Credit Facility to $25 Million
November 8, 2021EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), a diversified, rapidly growing acquirer and operator of niche e-commerce brands, is pleased to announce the refinancing of its $8 million term loan, and upsizing of its credit facility providing for a total facility limit of $25 million (the "Facility") with primary use of funds expected to be future acquisition financing.
-
Lakeland Bancorp, Inc. and 1st Constitution Bancorp Announce the Receipt of FDIC and New Jersey Approvals in Connection with Proposed Merger
November 8, 2021Lakeland Bancorp, Inc. (“Lakeland”) (NASDAQ: LBAI), the parent company of Lakeland Bank, and 1st Constitution Bancorp (“1st Constitution”) (NASDAQ: FCCY), the parent company of 1st Constitution Bank, announced today the receipt of Federal Deposit Insurance Corporation and New Jersey Department of Banking and Insurance approval in connection with the proposed merger of 1st Constitution with and into Lakeland.
-
First Internet Bank Expands Arizona Commercial Banking Team
November 8, 2021irst Internet Bank announced the hiring of Vice President of Commercial Banking, Ryan Hasher. Mr. Hasher joins First Internet Bank’s Arizona-based commercial banking team, reporting to Regional Vice President Neil Barna.
-
FTI Consulting Commits to Net-Zero Greenhouse Gas Emissions by 2030
November 8, 2021The Company will identify emission reduction targets for Scope 1 and Scope 2 emissions, as well as business travel, in 2022 and intends to work toward having these goals validated by the Science Based Targets initiative (“SBTi”). The commitment was made as part of FTI Consulting’s inaugural Corporate Sustainability Report, which explains the Company’s approach to its environmental, social and governance (“ESG”) risks and opportunities, programs, policies, practices and goals.
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