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HyperAMS & Liquid Asset Partners Announce Retail Liquidation Joint Venture
October 12, 2021HyperAMS, LLC and Liquid Asset Partners, LLC are pleased to announce a new joint venture, HyperLiquid Retail Solutions, to focus on retail inventory and store closing liquidations. HyperLiquid will utilize decades of experience and specialties of both businesses to provide retail clients with more flexibility, lower costs, and scalable solutions for a variety of asset disposition needs.
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Secured Finance Foundation Announces New Board for 2022
October 12, 2021“This is a group of very dedicated individuals who have deep experience in the secured finance business, and are highly invested in helping to shape the future of our industry and the communities we serve,” said incoming Chairman William D. Brewer, Partner at Winston and Strawn LLP.
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Leading Finance Technology Provider IDS Is Now Solifi
October 12, 2021IDS and its acquired companies, William Stucky and Associates and White Clarke Group, today announced the launch of a new company identity: Solifi. The new brand and visual identity bring together innovative solutions, deep industry expertise, global reach, and a unified technology platform designed to enable our customers to deploy capital to power global commerce. Solifi is reshaping the secured finance industry by delivering solutions that guard, guide, and grow our customers’ businesses.
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Urban Grid Closes $275M Debt Refinance Provided By Crayhill Capital Management
October 12, 2021Urban Grid, one of the largest U.S. greenfield renewable energy project developers, announced today that it has expanded and extended its partnership with Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments in the renewable energy sector.
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Riveron Welcomes Sam Shaw as New Chief Financial Officer
October 12, 2021Riveron, a national business advisory firm, announced today that Sam Shaw is joining its leadership team as CFO. Shaw will oversee the company’s finance organization and play a leading role in executing Riveron’s purpose-driven growth strategy.
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Antares Capital Announces Leadership Transition
October 12, 2021Antares Capital (“Antares” or “the firm”), a private debt credit manager with $42.9 billion of capital under management and administration, today announced that Timothy Lyne, founding partner and current Chief Operating Officer (COO), will succeed David Brackett as Chief Executive Officer (CEO). Brackett announced that he will be retiring from his role as CEO on December 31, 2021, and will remain with Antares in an advisory capacity.
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Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of GLD, LLC
October 12, 2021Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged buyout of GLD, LLC by H.I.G Growth Partners. Abacus made an equity co-investment in GLD, LLC.
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Hancock Whitney Expands Corporate, Commercial Banking Teams in New Orleans
October 11, 2021Hancock Whitney senior vice presidents Elizabeth Hefler and Billy Hoffmann, two longtime Hancock Whitney financial services professionals serving South Louisiana clients and communities, will lead the bank’s expanded corporate and commercial banking teams.
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CVC Credit Prices Fifth New CLO of 2021
October 11, 2021Arranged by Deutsche Bank, the transaction has been structured with a five-year reinvestment period and priced at the tight end of the market. Apidos XXXVII is primarily comprised of broadly syndicated First Lien Senior Secured Loans.
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Summit Bank Promotes Chris Hemmings to Chief Operating Officer
October 11, 2021Craig Wanichek, President and Chief Executive Officer of Summit Bank (OTC Pink: SBKO) today announced the promotion of Chris Hemmings to Chief Operating Officer of the Bank, effective immediately. Hemmings has been with Summit Bank since 2008 and has served in various capacities, most recently as Senior Vice President & Chief Administrative Officer and before that Controller.
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Greenberg Traurig Honored at Euromoney 'Women in Business Law Awards Americas' 2021
October 11, 2021Two attorneys from global law firm Greenberg Traurig, LLP were recognized as "Attorney of the Year" at the Euromoney Legal Media Group's annual "Women in Business Law Awards Americas." Presented virtually on Sept. 29, 2021, the awards recognized the firm in two categories.
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First Bancorp Announces Management Team Changes
October 11, 2021First Bancorp (NASDAQ – FBNC), the parent company of First Bank, announced today changes in the management team of the Company and the Bank. Adam Currie will become Chief Banking Officer of First Bank; Elizabeth B. Bostian will become General Counsel and Chief Financial Officer of the Company; and Blaise Buczkowski, Chief Administrative Officer, will continue in that role and become the Company's Chief Accounting Officer, reporting to Ms. Bostian.
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KKR Announces CEO Succession
October 11, 2021KKR & Co. Inc. (together with its subsidiaries, “KKR”), a leading global investment firm, today announced that Joe Bae and Scott Nuttall have been appointed Co-Chief Executive Officers, and Co-Founders Henry Kravis and George Roberts will remain actively involved as Executive Co-Chairmen of KKR’s Board of Directors. The leadership transition is effective immediately.
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Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in September
October 11, 2021Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded two new revolving accounts payable funding facilities in September. The first is a $3,500,000 limit to a privately held third party Logistics provider who came to Tradecycle after receiving payments from Tradecycle. The second was a $300,000 limit to a manufacturer of specialty HVAC equipment for large industrial and government buildings, which was referred to Tradecycle by their senior lender.
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Pitney Bowes Appoints Tom Doherty as Vice President, Lending Services and Products
October 11, 2021Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced that Tom Doherty has been appointed Vice President, Lending Services and Products. He joins Pitney Bowes from CIBC Bank USA where he served as Managing Director and Head of Business Banking.
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Opy USA Announces Multi-Million Dollar Warehouse Facility with Goldman Sachs and Atalaya Capital Management
October 11, 2021'Buy now, Pay smarter.' company, Opy USA, Inc., (Opy), and its parent company Openpay Group Ltd (ASX: OPY) (Openpay), announced today the signing of a $271.4 million secured debt facility with Goldman Sachs and investment advisory firm Atalaya Capital Management.
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Bank of America Names Additional Presidents for Markets in Ohio
October 11, 2021Jeneen Marziani, who has served as Ohio president for the past 13 years, has been named president of Cleveland. Kelly D’Ambrosia, Merrill Lynch Market Executive has been named president of Columbus. Mark M. Ryan, Merrill Lynch Market Executive has been named president of Cincinnati.
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Dye & Durham Announces a Recapitalization of its Credit Facilities and Provides a Corporate Update
October 11, 2021Ares Capital Management LLC acted as Administrative Agent and Lead Arranger with respect to the New Facility. Canaccord Genuity Corp. acted as financial advisor and DLA Piper LLP acted as legal counsel to Dye & Durham for the transaction. Latham & Watkins LLP acted as legal counsel to the lenders for the transaction.
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September 2021 New Bankruptcy Filings Mixed
October 11, 2021Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its September 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, September new filings for all chapters were down 4% or 30,907 month-over-month, down from 32,263 in August 2021.
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White & Case Announces the Election of 59 New Partners
October 11, 2021Global law firm White & Case LLP announced the promotion of 59 lawyers around the world to its partnership today. The promotions are effective on January 1, 2022, and represent 12 of the Firm's global practices across 24 locations throughout the Americas, EMEA and Asia-Pacific.
-
HyperAMS & Liquid Asset Partners Announce Retail Liquidation Joint Venture
October 12, 2021HyperAMS, LLC and Liquid Asset Partners, LLC are pleased to announce a new joint venture, HyperLiquid Retail Solutions, to focus on retail inventory and store closing liquidations. HyperLiquid will utilize decades of experience and specialties of both businesses to provide retail clients with more flexibility, lower costs, and scalable solutions for a variety of asset disposition needs.
-
Secured Finance Foundation Announces New Board for 2022
October 12, 2021“This is a group of very dedicated individuals who have deep experience in the secured finance business, and are highly invested in helping to shape the future of our industry and the communities we serve,” said incoming Chairman William D. Brewer, Partner at Winston and Strawn LLP.
-
Leading Finance Technology Provider IDS Is Now Solifi
October 12, 2021IDS and its acquired companies, William Stucky and Associates and White Clarke Group, today announced the launch of a new company identity: Solifi. The new brand and visual identity bring together innovative solutions, deep industry expertise, global reach, and a unified technology platform designed to enable our customers to deploy capital to power global commerce. Solifi is reshaping the secured finance industry by delivering solutions that guard, guide, and grow our customers’ businesses.
-
Urban Grid Closes $275M Debt Refinance Provided By Crayhill Capital Management
October 12, 2021Urban Grid, one of the largest U.S. greenfield renewable energy project developers, announced today that it has expanded and extended its partnership with Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments in the renewable energy sector.
-
Riveron Welcomes Sam Shaw as New Chief Financial Officer
October 12, 2021Riveron, a national business advisory firm, announced today that Sam Shaw is joining its leadership team as CFO. Shaw will oversee the company’s finance organization and play a leading role in executing Riveron’s purpose-driven growth strategy.
-
Antares Capital Announces Leadership Transition
October 12, 2021Antares Capital (“Antares” or “the firm”), a private debt credit manager with $42.9 billion of capital under management and administration, today announced that Timothy Lyne, founding partner and current Chief Operating Officer (COO), will succeed David Brackett as Chief Executive Officer (CEO). Brackett announced that he will be retiring from his role as CEO on December 31, 2021, and will remain with Antares in an advisory capacity.
-
Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of GLD, LLC
October 12, 2021Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged buyout of GLD, LLC by H.I.G Growth Partners. Abacus made an equity co-investment in GLD, LLC.
-
Hancock Whitney Expands Corporate, Commercial Banking Teams in New Orleans
October 11, 2021Hancock Whitney senior vice presidents Elizabeth Hefler and Billy Hoffmann, two longtime Hancock Whitney financial services professionals serving South Louisiana clients and communities, will lead the bank’s expanded corporate and commercial banking teams.
-
CVC Credit Prices Fifth New CLO of 2021
October 11, 2021Arranged by Deutsche Bank, the transaction has been structured with a five-year reinvestment period and priced at the tight end of the market. Apidos XXXVII is primarily comprised of broadly syndicated First Lien Senior Secured Loans.
-
Summit Bank Promotes Chris Hemmings to Chief Operating Officer
October 11, 2021Craig Wanichek, President and Chief Executive Officer of Summit Bank (OTC Pink: SBKO) today announced the promotion of Chris Hemmings to Chief Operating Officer of the Bank, effective immediately. Hemmings has been with Summit Bank since 2008 and has served in various capacities, most recently as Senior Vice President & Chief Administrative Officer and before that Controller.
-
Greenberg Traurig Honored at Euromoney 'Women in Business Law Awards Americas' 2021
October 11, 2021Two attorneys from global law firm Greenberg Traurig, LLP were recognized as "Attorney of the Year" at the Euromoney Legal Media Group's annual "Women in Business Law Awards Americas." Presented virtually on Sept. 29, 2021, the awards recognized the firm in two categories.
-
First Bancorp Announces Management Team Changes
October 11, 2021First Bancorp (NASDAQ – FBNC), the parent company of First Bank, announced today changes in the management team of the Company and the Bank. Adam Currie will become Chief Banking Officer of First Bank; Elizabeth B. Bostian will become General Counsel and Chief Financial Officer of the Company; and Blaise Buczkowski, Chief Administrative Officer, will continue in that role and become the Company's Chief Accounting Officer, reporting to Ms. Bostian.
-
KKR Announces CEO Succession
October 11, 2021KKR & Co. Inc. (together with its subsidiaries, “KKR”), a leading global investment firm, today announced that Joe Bae and Scott Nuttall have been appointed Co-Chief Executive Officers, and Co-Founders Henry Kravis and George Roberts will remain actively involved as Executive Co-Chairmen of KKR’s Board of Directors. The leadership transition is effective immediately.
-
Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in September
October 11, 2021Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded two new revolving accounts payable funding facilities in September. The first is a $3,500,000 limit to a privately held third party Logistics provider who came to Tradecycle after receiving payments from Tradecycle. The second was a $300,000 limit to a manufacturer of specialty HVAC equipment for large industrial and government buildings, which was referred to Tradecycle by their senior lender.
-
Pitney Bowes Appoints Tom Doherty as Vice President, Lending Services and Products
October 11, 2021Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced that Tom Doherty has been appointed Vice President, Lending Services and Products. He joins Pitney Bowes from CIBC Bank USA where he served as Managing Director and Head of Business Banking.
-
Opy USA Announces Multi-Million Dollar Warehouse Facility with Goldman Sachs and Atalaya Capital Management
October 11, 2021'Buy now, Pay smarter.' company, Opy USA, Inc., (Opy), and its parent company Openpay Group Ltd (ASX: OPY) (Openpay), announced today the signing of a $271.4 million secured debt facility with Goldman Sachs and investment advisory firm Atalaya Capital Management.
-
Bank of America Names Additional Presidents for Markets in Ohio
October 11, 2021Jeneen Marziani, who has served as Ohio president for the past 13 years, has been named president of Cleveland. Kelly D’Ambrosia, Merrill Lynch Market Executive has been named president of Columbus. Mark M. Ryan, Merrill Lynch Market Executive has been named president of Cincinnati.
-
Dye & Durham Announces a Recapitalization of its Credit Facilities and Provides a Corporate Update
October 11, 2021Ares Capital Management LLC acted as Administrative Agent and Lead Arranger with respect to the New Facility. Canaccord Genuity Corp. acted as financial advisor and DLA Piper LLP acted as legal counsel to Dye & Durham for the transaction. Latham & Watkins LLP acted as legal counsel to the lenders for the transaction.
-
September 2021 New Bankruptcy Filings Mixed
October 11, 2021Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its September 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, September new filings for all chapters were down 4% or 30,907 month-over-month, down from 32,263 in August 2021.
-
White & Case Announces the Election of 59 New Partners
October 11, 2021Global law firm White & Case LLP announced the promotion of 59 lawyers around the world to its partnership today. The promotions are effective on January 1, 2022, and represent 12 of the Firm's global practices across 24 locations throughout the Americas, EMEA and Asia-Pacific.
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