• TAB Bank Welcomes New Vice President, Business Development for the Upper Midwest Region, Scott Franzen
    October 5, 2021
    TAB Bank today announced that Scott Franzen will join its Sales Team as a Vice President and Business Development Officer. In this role, Franzen will be responsible for sourcing new business opportunities in the upper Midwest region. Based in Albertville, Minnesota, Franzen will provide asset-based and factoring working capital resources to commercial businesses throughout northern Midwestern states with annual revenues ranging from $2 million to $150 million.
  • Taseko Mines Announces New US$50 Million Revolving Credit Facility and Update on Florence Copper Permitting
    October 5, 2021
    Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that it has signed a US$50 million Revolving Credit Facility (the "Facility"). The Facility, which is arranged and fully underwritten by National Bank of Canada, will be available for working capital and general corporate purposes.
  • MidCap Business Credit Closes on a $3,500,000 Asset-based Revolving Line of Credit for Momenta, Inc.
    October 4, 2021
    The opportunity was sourced out of Midcap’s headquarters located in West Hartford, CT. Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to structure a credit facility which provided the company with the additional liquidity they need to execute on their strategic plan and support their growth”.
  • Lighthouse Provides $5,000,000 Credit Facility to Atlanta-Based Distributor of Flooring
    October 4, 2021
    Lighthouse Financial Corp. is pleased to announce the completion of a $5,000,000 Credit Facility for an Atlanta based wholesale distributor of flooring and related materials serving Alabama, Eastern Tennessee, Florida, Georgia, North Carolina, South Carolina, and parts of Mississippi and Virginia. The company is one of the largest flooring distributors in the United States, with a significant presence in the Southeast.
  • Teacher Retirement System of Texas and CIFC Create a Fund Platform to Invest in Senior Secured Loans
    October 4, 2021
    Teacher Retirement System of Texas (“TRS”) and CIFC Asset Management LLC (“CIFC”) have announced the creation of a new leveraged loan investment fund platform known as Texas Debt Capital LP (“TDC”). A CIFC affiliate is the general partner and investment manager of TDC. TRS is the anchor investor limited partner and has committed significant equity to the fund. The fund will initially provide for up to $2 billion loan purchasing capacity in U.S. and Europe.
  • Winston & Strawn LLP Represents Ranger Energy Services, Inc.
    October 4, 2021
    Winston & Strawn LLP represented Ranger Energy Services, Inc. (NYSE: RNGR), an independent provider of well service rigs and associated services in the United States, in the closing of its previously announced acquisition of certain assets of Basic Energy Services, Inc. and its subsidiaries through its controlled subsidiary Ranger Energy Acquisition, LLC. The assets were sold by Basic as part of its bankruptcy process. The agreement to purchase the assets was approved by the United States Bankruptcy Court on September 23, 2021.
  • Glass Mountain Announces Entry Into Restructuring Support Agreement With Over Two-Thirds of Lenders to Effectuate Comprehensive Balance-Sheet Restructuring
    October 4, 2021
    Glass Mountain Pipeline Holdings LLC (the “Company” or “Glass Mountain”) announced today that, with the support of its equity sponsor GEPIF Glass Mountain Pipeline LLC (the “Sponsor”) and lenders holding 66.97% of the Company’s revolving and term loans (the “Consenting Lenders”), it has entered into a Restructuring Support Agreement (the “RSA”) that provides for the elimination of over $230 million in debt from the Company’s balance sheet and a $45 million investment from the Sponsor.
  • IPC Systems Announces Comprehensive Agreement to Reduce Debt and Provide Significant Equity Capital to Support Long-Term Business Plan
    October 4, 2021
    IPC Systems, Inc. ("IPC" or the "Company"), a leading global provider of secure, compliant communications and networking solutions for the global financial markets, today announced that it has entered into a Transaction Support Agreement (the "Agreement") with its key stakeholders, which will reduce the Company's debt by over $400 million, extend its debt maturity schedule by 5 years, and provide new capital of $125 million to deliver the resources for investment in long-term growth strategies. IPC's professional advisors included Kirkland & Ellis and Evercore.
  • Matrix Announces The Successful Sale Of Lykins Companies, Inc.
    October 4, 2021
    Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Lykins Companies, Inc., t/a Lykins Energy Solutions, (“Lykins” or the “Company”) on the sale of the Company’s commercial fuels, heating oil & propane, wholesale fuels, and electricity divisions. The commercial fuels, heating oil & propane division (collectively, “Bulk Fuels”) was acquired by World Fuel Services. T
  • Abacus Finance Provides Senior Debt Financing to Support the Recapitalization of Next Net Media, LLC, a Clearview Capital Portfolio Company
    October 4, 2021
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization of Next Net Media, LLC, a Clearview Capital portfolio company. Abacus also made an equity co-investment in Next Net Media.
  • Centerspace Improves And Extends Credit Line; Repays Bank Loans
    October 4, 2021
    Centerspace (NYSE: CSR) announced today that it has amended and extended its existing $250 million revolving credit facility. Bank of Montreal served as administrative agent for the extension of the credit facility with BMO Capital Markets Corp., BofA Securities, Inc. and PNC Capital Markets, LLC as, joint lead arrangers and joint book runners.
  • Sterling Bancorp, Inc. Promotes Karen Knott to Chief Financial Officer
    October 4, 2021
    Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B. (the “Bank”), today announced that Karen Knott, current Senior Vice President and Controller, has been promoted to the role of Chief Financial Officer of the Company and the Bank. Ms. Knott’s promotion to Chief Financial Officer for the Bank is subject to the receipt of regulatory non-objection from the Office of the Comptroller of the Currency.
  • Banc of California and Pacific Mercantile Bancorp Announce Receipt of Final Regulatory Approval
    October 4, 2021
    Banc of California, Inc. (NYSE: BANC) (the “Company”) and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) today announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about October 18, 2021.
  • Winston & Strawn Represents BofA Securities and Wells Fargo Securities, LLC
    October 4, 2021
    Winston & Strawn represented BofA Securities and Wells Fargo Securities, LLC as joint bookrunners in connection with Berenson Acquisition Corp. I (the "Company") initial public offering of 25,000,000 units.
  • Huttig Building Products, Inc. Enters Into New $250 Million Credit Facility
    October 4, 2021
    JPMorgan Chase Bank, N.A. is Administrative Agent, Joint Bookrunner and Joint Lead Arranger. Bank of America, N.A. and Fifth Third Bank, National Association are Joint Bookrunners and Joint Lead Arrangers. Regions Bank and BMO Harris Bank, N.A. are also lenders in the new facility. This new credit facility replaces the Company’s existing credit facility.
  • Citizens Financial Group Names Sarah Lindstrom to Lead Business Banking
    October 4, 2021
    Citizens Financial Group, Inc. (NYSE: CFG) today announced that Sarah Lindstrom will become Head of Business Banking, effective October 4. Lindstrom will report to Simon Griffiths, Head of Core Banking for Citizens’ consumer bank.
  • First Citizens, CIT Extend Merger Agreement
    October 4, 2021
    First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A., jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1, 2022.
  • Helix Announces $80 Million Asset-Based Credit Facility
    October 4, 2021
    Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has entered into a new $80 million asset-based revolving credit facility (the “ABL Facility”) with a syndicated banking group. Bank of America, N.A. and Wells Fargo Bank, N.A. acted as Joint Lead Arrangers, and Bank of America, N.A. will continue to serve as Administrative Agent.
  • UPshow Closes $10 Million Credit Facility led by Espresso Capital
    October 4, 2021
    UPshow, the leading in-venue entertainment and marketing platform that develops interactive digital TV networks, announced today that it has closed a $10 million venture debt facility. The company will use the funds to make strategic investments in its product development and go-to-market engine.
  • SFNet Southern California Chapter Provides Update
    October 4, 2021
    The CFCC Board voted in favor of making the change to align itself with the name change embarked on by the CFA (Commercial Finance Association) which rebranded itself SFNet (short for Secured Finance Network).
  • TAB Bank Welcomes New Vice President, Business Development for the Upper Midwest Region, Scott Franzen
    October 5, 2021
    TAB Bank today announced that Scott Franzen will join its Sales Team as a Vice President and Business Development Officer. In this role, Franzen will be responsible for sourcing new business opportunities in the upper Midwest region. Based in Albertville, Minnesota, Franzen will provide asset-based and factoring working capital resources to commercial businesses throughout northern Midwestern states with annual revenues ranging from $2 million to $150 million.
  • Taseko Mines Announces New US$50 Million Revolving Credit Facility and Update on Florence Copper Permitting
    October 5, 2021
    Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that it has signed a US$50 million Revolving Credit Facility (the "Facility"). The Facility, which is arranged and fully underwritten by National Bank of Canada, will be available for working capital and general corporate purposes.
  • MidCap Business Credit Closes on a $3,500,000 Asset-based Revolving Line of Credit for Momenta, Inc.
    October 4, 2021
    The opportunity was sourced out of Midcap’s headquarters located in West Hartford, CT. Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to structure a credit facility which provided the company with the additional liquidity they need to execute on their strategic plan and support their growth”.
  • Lighthouse Provides $5,000,000 Credit Facility to Atlanta-Based Distributor of Flooring
    October 4, 2021
    Lighthouse Financial Corp. is pleased to announce the completion of a $5,000,000 Credit Facility for an Atlanta based wholesale distributor of flooring and related materials serving Alabama, Eastern Tennessee, Florida, Georgia, North Carolina, South Carolina, and parts of Mississippi and Virginia. The company is one of the largest flooring distributors in the United States, with a significant presence in the Southeast.
  • Teacher Retirement System of Texas and CIFC Create a Fund Platform to Invest in Senior Secured Loans
    October 4, 2021
    Teacher Retirement System of Texas (“TRS”) and CIFC Asset Management LLC (“CIFC”) have announced the creation of a new leveraged loan investment fund platform known as Texas Debt Capital LP (“TDC”). A CIFC affiliate is the general partner and investment manager of TDC. TRS is the anchor investor limited partner and has committed significant equity to the fund. The fund will initially provide for up to $2 billion loan purchasing capacity in U.S. and Europe.
  • Winston & Strawn LLP Represents Ranger Energy Services, Inc.
    October 4, 2021
    Winston & Strawn LLP represented Ranger Energy Services, Inc. (NYSE: RNGR), an independent provider of well service rigs and associated services in the United States, in the closing of its previously announced acquisition of certain assets of Basic Energy Services, Inc. and its subsidiaries through its controlled subsidiary Ranger Energy Acquisition, LLC. The assets were sold by Basic as part of its bankruptcy process. The agreement to purchase the assets was approved by the United States Bankruptcy Court on September 23, 2021.
  • Glass Mountain Announces Entry Into Restructuring Support Agreement With Over Two-Thirds of Lenders to Effectuate Comprehensive Balance-Sheet Restructuring
    October 4, 2021
    Glass Mountain Pipeline Holdings LLC (the “Company” or “Glass Mountain”) announced today that, with the support of its equity sponsor GEPIF Glass Mountain Pipeline LLC (the “Sponsor”) and lenders holding 66.97% of the Company’s revolving and term loans (the “Consenting Lenders”), it has entered into a Restructuring Support Agreement (the “RSA”) that provides for the elimination of over $230 million in debt from the Company’s balance sheet and a $45 million investment from the Sponsor.
  • IPC Systems Announces Comprehensive Agreement to Reduce Debt and Provide Significant Equity Capital to Support Long-Term Business Plan
    October 4, 2021
    IPC Systems, Inc. ("IPC" or the "Company"), a leading global provider of secure, compliant communications and networking solutions for the global financial markets, today announced that it has entered into a Transaction Support Agreement (the "Agreement") with its key stakeholders, which will reduce the Company's debt by over $400 million, extend its debt maturity schedule by 5 years, and provide new capital of $125 million to deliver the resources for investment in long-term growth strategies. IPC's professional advisors included Kirkland & Ellis and Evercore.
  • Matrix Announces The Successful Sale Of Lykins Companies, Inc.
    October 4, 2021
    Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Lykins Companies, Inc., t/a Lykins Energy Solutions, (“Lykins” or the “Company”) on the sale of the Company’s commercial fuels, heating oil & propane, wholesale fuels, and electricity divisions. The commercial fuels, heating oil & propane division (collectively, “Bulk Fuels”) was acquired by World Fuel Services. T
  • Abacus Finance Provides Senior Debt Financing to Support the Recapitalization of Next Net Media, LLC, a Clearview Capital Portfolio Company
    October 4, 2021
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization of Next Net Media, LLC, a Clearview Capital portfolio company. Abacus also made an equity co-investment in Next Net Media.
  • Centerspace Improves And Extends Credit Line; Repays Bank Loans
    October 4, 2021
    Centerspace (NYSE: CSR) announced today that it has amended and extended its existing $250 million revolving credit facility. Bank of Montreal served as administrative agent for the extension of the credit facility with BMO Capital Markets Corp., BofA Securities, Inc. and PNC Capital Markets, LLC as, joint lead arrangers and joint book runners.
  • Sterling Bancorp, Inc. Promotes Karen Knott to Chief Financial Officer
    October 4, 2021
    Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B. (the “Bank”), today announced that Karen Knott, current Senior Vice President and Controller, has been promoted to the role of Chief Financial Officer of the Company and the Bank. Ms. Knott’s promotion to Chief Financial Officer for the Bank is subject to the receipt of regulatory non-objection from the Office of the Comptroller of the Currency.
  • Banc of California and Pacific Mercantile Bancorp Announce Receipt of Final Regulatory Approval
    October 4, 2021
    Banc of California, Inc. (NYSE: BANC) (the “Company”) and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”) today announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about October 18, 2021.
  • Winston & Strawn Represents BofA Securities and Wells Fargo Securities, LLC
    October 4, 2021
    Winston & Strawn represented BofA Securities and Wells Fargo Securities, LLC as joint bookrunners in connection with Berenson Acquisition Corp. I (the "Company") initial public offering of 25,000,000 units.
  • Huttig Building Products, Inc. Enters Into New $250 Million Credit Facility
    October 4, 2021
    JPMorgan Chase Bank, N.A. is Administrative Agent, Joint Bookrunner and Joint Lead Arranger. Bank of America, N.A. and Fifth Third Bank, National Association are Joint Bookrunners and Joint Lead Arrangers. Regions Bank and BMO Harris Bank, N.A. are also lenders in the new facility. This new credit facility replaces the Company’s existing credit facility.
  • Citizens Financial Group Names Sarah Lindstrom to Lead Business Banking
    October 4, 2021
    Citizens Financial Group, Inc. (NYSE: CFG) today announced that Sarah Lindstrom will become Head of Business Banking, effective October 4. Lindstrom will report to Simon Griffiths, Head of Core Banking for Citizens’ consumer bank.
  • First Citizens, CIT Extend Merger Agreement
    October 4, 2021
    First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A., jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1, 2022.
  • Helix Announces $80 Million Asset-Based Credit Facility
    October 4, 2021
    Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has entered into a new $80 million asset-based revolving credit facility (the “ABL Facility”) with a syndicated banking group. Bank of America, N.A. and Wells Fargo Bank, N.A. acted as Joint Lead Arrangers, and Bank of America, N.A. will continue to serve as Administrative Agent.
  • UPshow Closes $10 Million Credit Facility led by Espresso Capital
    October 4, 2021
    UPshow, the leading in-venue entertainment and marketing platform that develops interactive digital TV networks, announced today that it has closed a $10 million venture debt facility. The company will use the funds to make strategic investments in its product development and go-to-market engine.
  • SFNet Southern California Chapter Provides Update
    October 4, 2021
    The CFCC Board voted in favor of making the change to align itself with the name change embarked on by the CFA (Commercial Finance Association) which rebranded itself SFNet (short for Secured Finance Network).
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