• Mercury® Financial Closes on a $400 Million Committed Warehouse Facility
    November 4, 2021
    Mercury® Financial LLC (Mercury Financial), a financial inclusion technology company, today announced the closing of a new $400 million warehouse facility. This transaction increases Mercury Financial’s funding capacity as it continues to grow its customer base and drive its mission for greater financial inclusion through credit access opportunities. This is the second warehouse facility structured and closed during 2021, bringing total warehouse capacity to $650 million.
  • Vibrant Capital Partners Bolsters Team With Investment and Business Development Hires
    November 4, 2021
    Vibrant Capital Partners, Inc. (the “Firm”), a leading alternative credit investment manager, today announced that it has bolstered its Structured Credit Investment and Business Development teams with two hires as the Firm continues to expand its investing, marketing, and client service capabilities.
  • Houlihan Lokey Launches the Private Performing Credit Index, the First Index to Track Performing Private Credit Loans
    November 4, 2021
    The Index comprises an aggregate view drawn from Houlihan Lokey’s extensive dataset of private credit loan valuations. The initial representation of this dataset is an observation of all-in yield of approximately 7,000 qualifying quarterly asset valuations performed since September 30, 2017. The firm’s automated private credit valuation tool applies certain exclusion and limit rules after which the Index is computed as a weighted average yield of all qualifying private credit loans valued in a quarter.
  • CIBC Innovation Banking Supports Harbor Compliance’s Growth Plans With New Strategic Credit Facility
    November 4, 2021
    CIBC Innovation Banking is pleased to announce the funding of an acquisition credit facility for Harbor Business Compliance Corporation (d/b/a Harbor Compliance). Harbor Compliance is a technology company that empowers nonprofits and businesses with licensing, tax, and entity management solutions. Harbor utilized the new capital to finance its acquisition of Labyrinth, Inc.
  • Trinity Capital Inc. Further Expands Origination Team with Industry Veteran Phil Gager as Managing Director in the East Coast Region
    November 4, 2021
    Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "Trinity" or "Company"), a leading specialty lender providing debt and equipment financing to growth-stage companies, today announced the appointment of Phil Gager as Managing Director, Origination in Boston, Massachusetts. Gager, who has been a part of the venture ecosystem for over 20 years, joins the Trinity team to grow the company's origination efforts in the East Coast region.
  • Encina Lender Finance Fuels Continued Growth With Four New Hires
    November 4, 2021
    Encina Lender Finance, LLC (ELF) announced today the addition of Dan Avnir to its Commercial team, as Managing Director; Jessica Ernst and Jeff Karlsson to its Risk team as Portfolio Manager and Senior Associate, respectively; and Denise Richardson, to its Operations department, as Collateral Analyst.
  • Assembled Brands Announces a New Facility with High-Growth Olive Oil Brand Kosterina
    November 4, 2021
    Assembled Brands is delighted to announce its new partnership with premium olive oil brand Kosterina. The brand was founded in 2016 by Katerina Mountanos, a serial entrepreneur passionate about family, living a healthy lifestyle and all things Greek.
  • Wintrust Congratulates MoLo Solutions on Acquisition After Four Years of Partnership
    November 4, 2021
    Wintrust Bank would like to congratulate Andrew Silver, Matt Vogrich, and the rest of the team at MoLo Solutions for successfully closing the sale of the company to ArcBest® (Nasdaq: ARCB), a national leader in supply chain logistics. MoLo Solutions is a Chicago-based truckload broker founded in 2017. Since its founding, the company has consistently outpaced industry benchmarks by rapidly growing its customer base and revenue – recently ranking #1 in the Transportation & Logistics industry on the “2021 Inc. 5000 Fastest-Growing Private Companies in America.”
  • CIT Arranges $55.5 Million Financing for Home Care and Hospice Provider New Day Health Care
    November 4, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on $55.5 million in financing for New Day Healthcare. New Day Healthcare, founded by long term home care executive G. Scott Herman, partners with market-leading home health and hospice providers in the post-acute care arena to care for 7,500 patients across Missouri, Kansas, Illinois and Texas.
  • Quasar Capital Partners Appoints Sam Tork to its Advisory Board of Directors
    November 4, 2021
    Quasar Capital Partners, LLC is pleased to announce the appointment of Sam Tork to its Advisory Board of Directors. As a member of the advisory board, Sam Tork will guide with strategic priorities and serve as a senior member of Quasar Capital Partner’s credit, asset review, and strategic planning committee.
  • GameStop Secures New $500 Million ABL Facility with Improved Liquidity and Terms
    November 4, 2021
    GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into a new $500 million global asset-based revolving credit facility (“ABL Facility”) with a syndicate of banks. Wells Fargo Bank, N.A. acted as Lead Arranger and will serve as Administrative Agent.
  • LiquidX Named Finalist for Singapore Global FinTech Awards 2021
    November 3, 2021
    LiquidX’s Digital Trade Credit Insurance platform was selected for recognition at the annual awards, which celebrate groundbreaking solutions that transform industry practices. The Monetary Authority of Singapore (MAS) has named LiquidX Insurance Services (Singapore) Pte. Ltd. a finalist for the Singapore FinTech Festival (SFF) Global FinTech Awards 2021 in the Singapore Financial Institution category. The awards are a highlight of the annual festival, which takes place November 8-12, 2021.
  • First Internet Bank To Buy First Century Bancorp In $80 Mln Cash Deal
    November 3, 2021
    First Internet Bancorp (INBK), the parent company of First Internet Bank, said on Tuesday that it signed a definitive agreement to acquire First Century Bancorp, the parent company of First Century Bank, N.A. for $80 million in cash.
  • SMBC Nikko Securities America Hires Paul Spivack as Managing Director, Deputy Head of Capital Markets
    November 3, 2021
    SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Paul Spivack has joined the firm as Managing Director, Deputy Head of Capital Markets. In this role, he will work closely with the firm’s debt business, providing his advice and counsel to help drive further growth for this unit. He will report to Scott Ashby, Managing Director, Head of Capital Markets and Investment Banking, Senior Deputy President.
  • Phoenix Capital Resources Assists Fast Track Leasing, LLC in its Sale to affiliates of Buggy TLC Rentals
    November 3, 2021
    Phoenix Capital Resources® (“Phoenix”), a leading middle market special situations investment bank, served as the exclusive investment banker to Fast Track Leasing, LLC (“Fast Track” or the “Company”) in its sale to an affiliate of Buggy TLC Rentals
  • ABL Aviation and Ellington Management Group Establish Joint Venture Targeting $800 Million in Aircraft Assets
    November 3, 2021
    ABL Aviation, the global independent aircraft investment management firm, today announced that it has established a joint venture with Ellington Management Group (“Ellington”), an alternative investment manager, to opportunistically deploy capital across the global aviation industry and provide exposure to directly sourced deals.
  • Winston & Strawn Represents Project Energy Reimagined Acquisition Corp.
    November 3, 2021
    Winston & Strawn represented Project Energy Reimagined Acquisition Corp. (the "Company"), a special purpose acquisition company, in its $250 million initial public offering. The units began trading on The Nasdaq Global Market ("Nasdaq") under the ticker symbol "PEGRU" on October 29, 2021.
  • Alleon Healthcare Capital Provides a $2,000,000 Medical Accounts Receivable Financing Facility to a Florida-Based Skilled Nursing Facility Operator
    November 3, 2021
    Alleon Healthcare Capital ("Alleon"), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,000,000 medical accounts receivable financing facility with a skilled nursing facility operator
  • Winston & Strawn LLP Represents RCG Global Services
    November 3, 2021
    Winston & Strawn LLP represented RCG Global Services ("RCG" or the "Company"), a global digital transformation consultancy providing product engineering, advanced analytics, and cloud services to Fortune 1000 enterprises, has completed a majority recapitalization with Frontenac, a Chicago-based private equity firm.
  • Ocean Bank Closes and Funds $2 Million Factoring Facility to Growing Frozen Food Distributor
    November 3, 2021
    Ocean Bank announced its Factoring Division has closed and funded a $2 million factoring facility to Globalwing USA Corp., a Miami-based leading exporter of frozen meats and poultry.
  • Mercury® Financial Closes on a $400 Million Committed Warehouse Facility
    November 4, 2021
    Mercury® Financial LLC (Mercury Financial), a financial inclusion technology company, today announced the closing of a new $400 million warehouse facility. This transaction increases Mercury Financial’s funding capacity as it continues to grow its customer base and drive its mission for greater financial inclusion through credit access opportunities. This is the second warehouse facility structured and closed during 2021, bringing total warehouse capacity to $650 million.
  • Vibrant Capital Partners Bolsters Team With Investment and Business Development Hires
    November 4, 2021
    Vibrant Capital Partners, Inc. (the “Firm”), a leading alternative credit investment manager, today announced that it has bolstered its Structured Credit Investment and Business Development teams with two hires as the Firm continues to expand its investing, marketing, and client service capabilities.
  • Houlihan Lokey Launches the Private Performing Credit Index, the First Index to Track Performing Private Credit Loans
    November 4, 2021
    The Index comprises an aggregate view drawn from Houlihan Lokey’s extensive dataset of private credit loan valuations. The initial representation of this dataset is an observation of all-in yield of approximately 7,000 qualifying quarterly asset valuations performed since September 30, 2017. The firm’s automated private credit valuation tool applies certain exclusion and limit rules after which the Index is computed as a weighted average yield of all qualifying private credit loans valued in a quarter.
  • CIBC Innovation Banking Supports Harbor Compliance’s Growth Plans With New Strategic Credit Facility
    November 4, 2021
    CIBC Innovation Banking is pleased to announce the funding of an acquisition credit facility for Harbor Business Compliance Corporation (d/b/a Harbor Compliance). Harbor Compliance is a technology company that empowers nonprofits and businesses with licensing, tax, and entity management solutions. Harbor utilized the new capital to finance its acquisition of Labyrinth, Inc.
  • Trinity Capital Inc. Further Expands Origination Team with Industry Veteran Phil Gager as Managing Director in the East Coast Region
    November 4, 2021
    Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "Trinity" or "Company"), a leading specialty lender providing debt and equipment financing to growth-stage companies, today announced the appointment of Phil Gager as Managing Director, Origination in Boston, Massachusetts. Gager, who has been a part of the venture ecosystem for over 20 years, joins the Trinity team to grow the company's origination efforts in the East Coast region.
  • Encina Lender Finance Fuels Continued Growth With Four New Hires
    November 4, 2021
    Encina Lender Finance, LLC (ELF) announced today the addition of Dan Avnir to its Commercial team, as Managing Director; Jessica Ernst and Jeff Karlsson to its Risk team as Portfolio Manager and Senior Associate, respectively; and Denise Richardson, to its Operations department, as Collateral Analyst.
  • Assembled Brands Announces a New Facility with High-Growth Olive Oil Brand Kosterina
    November 4, 2021
    Assembled Brands is delighted to announce its new partnership with premium olive oil brand Kosterina. The brand was founded in 2016 by Katerina Mountanos, a serial entrepreneur passionate about family, living a healthy lifestyle and all things Greek.
  • Wintrust Congratulates MoLo Solutions on Acquisition After Four Years of Partnership
    November 4, 2021
    Wintrust Bank would like to congratulate Andrew Silver, Matt Vogrich, and the rest of the team at MoLo Solutions for successfully closing the sale of the company to ArcBest® (Nasdaq: ARCB), a national leader in supply chain logistics. MoLo Solutions is a Chicago-based truckload broker founded in 2017. Since its founding, the company has consistently outpaced industry benchmarks by rapidly growing its customer base and revenue – recently ranking #1 in the Transportation & Logistics industry on the “2021 Inc. 5000 Fastest-Growing Private Companies in America.”
  • CIT Arranges $55.5 Million Financing for Home Care and Hospice Provider New Day Health Care
    November 4, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on $55.5 million in financing for New Day Healthcare. New Day Healthcare, founded by long term home care executive G. Scott Herman, partners with market-leading home health and hospice providers in the post-acute care arena to care for 7,500 patients across Missouri, Kansas, Illinois and Texas.
  • Quasar Capital Partners Appoints Sam Tork to its Advisory Board of Directors
    November 4, 2021
    Quasar Capital Partners, LLC is pleased to announce the appointment of Sam Tork to its Advisory Board of Directors. As a member of the advisory board, Sam Tork will guide with strategic priorities and serve as a senior member of Quasar Capital Partner’s credit, asset review, and strategic planning committee.
  • GameStop Secures New $500 Million ABL Facility with Improved Liquidity and Terms
    November 4, 2021
    GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into a new $500 million global asset-based revolving credit facility (“ABL Facility”) with a syndicate of banks. Wells Fargo Bank, N.A. acted as Lead Arranger and will serve as Administrative Agent.
  • LiquidX Named Finalist for Singapore Global FinTech Awards 2021
    November 3, 2021
    LiquidX’s Digital Trade Credit Insurance platform was selected for recognition at the annual awards, which celebrate groundbreaking solutions that transform industry practices. The Monetary Authority of Singapore (MAS) has named LiquidX Insurance Services (Singapore) Pte. Ltd. a finalist for the Singapore FinTech Festival (SFF) Global FinTech Awards 2021 in the Singapore Financial Institution category. The awards are a highlight of the annual festival, which takes place November 8-12, 2021.
  • First Internet Bank To Buy First Century Bancorp In $80 Mln Cash Deal
    November 3, 2021
    First Internet Bancorp (INBK), the parent company of First Internet Bank, said on Tuesday that it signed a definitive agreement to acquire First Century Bancorp, the parent company of First Century Bank, N.A. for $80 million in cash.
  • SMBC Nikko Securities America Hires Paul Spivack as Managing Director, Deputy Head of Capital Markets
    November 3, 2021
    SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Paul Spivack has joined the firm as Managing Director, Deputy Head of Capital Markets. In this role, he will work closely with the firm’s debt business, providing his advice and counsel to help drive further growth for this unit. He will report to Scott Ashby, Managing Director, Head of Capital Markets and Investment Banking, Senior Deputy President.
  • Phoenix Capital Resources Assists Fast Track Leasing, LLC in its Sale to affiliates of Buggy TLC Rentals
    November 3, 2021
    Phoenix Capital Resources® (“Phoenix”), a leading middle market special situations investment bank, served as the exclusive investment banker to Fast Track Leasing, LLC (“Fast Track” or the “Company”) in its sale to an affiliate of Buggy TLC Rentals
  • ABL Aviation and Ellington Management Group Establish Joint Venture Targeting $800 Million in Aircraft Assets
    November 3, 2021
    ABL Aviation, the global independent aircraft investment management firm, today announced that it has established a joint venture with Ellington Management Group (“Ellington”), an alternative investment manager, to opportunistically deploy capital across the global aviation industry and provide exposure to directly sourced deals.
  • Winston & Strawn Represents Project Energy Reimagined Acquisition Corp.
    November 3, 2021
    Winston & Strawn represented Project Energy Reimagined Acquisition Corp. (the "Company"), a special purpose acquisition company, in its $250 million initial public offering. The units began trading on The Nasdaq Global Market ("Nasdaq") under the ticker symbol "PEGRU" on October 29, 2021.
  • Alleon Healthcare Capital Provides a $2,000,000 Medical Accounts Receivable Financing Facility to a Florida-Based Skilled Nursing Facility Operator
    November 3, 2021
    Alleon Healthcare Capital ("Alleon"), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,000,000 medical accounts receivable financing facility with a skilled nursing facility operator
  • Winston & Strawn LLP Represents RCG Global Services
    November 3, 2021
    Winston & Strawn LLP represented RCG Global Services ("RCG" or the "Company"), a global digital transformation consultancy providing product engineering, advanced analytics, and cloud services to Fortune 1000 enterprises, has completed a majority recapitalization with Frontenac, a Chicago-based private equity firm.
  • Ocean Bank Closes and Funds $2 Million Factoring Facility to Growing Frozen Food Distributor
    November 3, 2021
    Ocean Bank announced its Factoring Division has closed and funded a $2 million factoring facility to Globalwing USA Corp., a Miami-based leading exporter of frozen meats and poultry.