• Crossroads Systems, Inc. Announces Merger With Rise Line Business Credit
    September 28, 2021
    Crossroads Systems, Inc. ("Crossroads")(OTCQX: CRSS), a holding company focused on investing in businesses that promote economic vitality and community development, announced today a merger with Rise Line Business Credit, LLC ("Rise Line"), a nationwide asset-based lending firm that provides innovative working capital solutions.
  • J.P. Morgan Private Capital Appoints Luke Sikora to Growth Equity Partners Platform
    September 28, 2021
    J.P. Morgan Private Capital today announced the appointment of Luke Sikora as a Partner of its Growth Equity Partners platform. Mr. Sikora will serve as a member of the Investment Committee and help lead the platform's investing efforts on the West Coast.
  • Gerald Group Closes US$450 Million North American Borrowing Base Facility with Record Oversubscription
    September 28, 2021
    Gerald Group ("Gerald"), the world's largest independent and employee-owned metals trading house is pleased to announce the successful refinancing of Gerald's North American trading hub GT Commodities LLC's ("GTC") Borrowing Base Facility ("BBF") closed at US$450 million.
  • Corium Secures $235 Million in Debt Financing
    September 28, 2021
    Corium, Inc. (Corium), a commercial-stage biopharmaceutical company leading the development and commercialization of novel central nervous system (CNS) therapies, today announces that it has closed on a $235 million term loan agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in specialty financing for life science and technology companies. Corium will receive an initial tranche of $100 million, and the remaining funds will be available in three additional tranches upon the achievement of certain pre-defined milestones.
  • Monroe Capital Closes $505 Million Collateralized Loan Obligation Transaction
    September 28, 2021
    Monroe Capital LLC (“Monroe”) today announced the closing of a $505 million term debt securitization known as Monroe Capital MML CLO XII, LTD. The term financing was Monroe’s seventh CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans.
  • CBL Expands Into California: Pioneering ABL Firm Now in 13 States
    September 28, 2021
    Context Business Lending, LLC (“CBL”) a family office-backed leading, national asset-based lender, announced today its expansion into the California market and the hiring of three additional team members to support its continued fast-paced growth. CBL recruited Lucy Czismas, a well-known figure in the California specialty finance market, to be its first west-coast based director of business development. Industry veteran MJ Hilker brings to CBL over 30 years’ experience in finance and investing, joining the company as director of portfolio management. Harmeet Sohal, based in Sacramento, CA, was hired as a senior collateral analyst.
  • Former Wells Fargo Senior Managing Director Jim Marasco Joins Gibraltar’s Board of Directors
    September 28, 2021
    Gibraltar Business Capital is proud to announce that Jim Marasco, a widely respected senior executive leader with an extensive tenure at Wells Fargo Capital Finance, has been appointed to its Board of Directors. Jim has deep expertise in all aspects of secured and asset-based lending, leveraged finance, transaction sourcing and portfolio management.
  • PlainsCapital Bank’s San Antonio Lending Group Welcomes Jamie Gutierrez
    September 27, 2021
    PlainsCapital Bank recently announced that Jamie Gutierrez has joined its San Antonio lending group as vice president, commercial loan officer. Gutierrez has more than 22 years of financial services experience, including small business lending, lines of credit, and healthcare and dental banking. Prior to joining PlainsCapital, Jamie was with Sunflower Bank, N.A. where she served as a business banking officer specializing in medical banking.
  • BHI Healthcare Group finances Lionstone Care Acquisition of assisted living/memory care facility in Southern New Jersey
    September 27, 2021
    BHI, a full-service commercial bank, announced that its Healthcare Group has provided $31.1 million to Lionstone Care for the acquisition of an assisted living and memory care facility in Southern New Jersey. The facility has 110 units and is licensed for 130 beds. Amenities at the facility include five living rooms, a library, game room, tearoom, three dining rooms, a beauty salon, and a variety of activities for residents.
  • Ocean Bank Funds $2.5 Million Factoring Facility To Growing Toy Manufacturer
    September 27, 2021
    Ocean Bank announced its Factoring Division has closed and funded a $2.5 million Factoring & Purchase Order (PO) Financing Facility to a leading growing toy manufacturer headquartered in the Southeast.
  • J D Factors Announces Factoring Facilities
    September 27, 2021
    J D Factors announced it has provided the following factoring facilities: $200,000 to a transportation company in New Jersey; $100,000 to a transportation company in Georgia; $100,000 to a transportation company in South Carolina; $100,000 to a transportation company in Alberta...
  • A&G Wins Third Award for its Role in Tuesday Morning’s Chapter 11 Restructuring and Second for GNC’s Successful Turnaround
    September 27, 2021
    For its work on the restructurings of GNC and Tuesday Morning, A&G Real Estate Partners was among the winners of The M&A Advisor’s 15th-Annual Turnaround Awards. It was the third such award presented to A&G—an advisory firm specializing in lease restructuring, real estate sales and auctions nationwide—for its work on Tuesday Morning, and the second such recognition of the firm’s role in the restructuring of GNC. (Those prior awards came from the Global M&A Network and the Turnaround Management Association.)
  • Texas Capital Bancshares Appoints Anna M. Alvarado as Chief Legal Officer and Corporate Secretary
    September 27, 2021
    Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), today announced that Anna M. Alvarado has been appointed Executive Vice President, Chief Legal Officer and Corporate Secretary, effective October 15, 2021. Ms. Alvarado will report to Rob C. Holmes, President and Chief Executive Officer.
  • Russell A. Colombo Announces Retirement as Chief Executive Officer; Bank of Marin Names Tim Myers President and CEO
    September 27, 2021
    -Russell A. Colombo, Chief Executive Officer of Bank of Marin and Bank of Marin Bancorp, has formally announced his retirement, effective October 31, 2021. The Board of Directors of Bank of Marin Bancorp (“Bancorp”) (Nasdaq: BMRC), parent company of Bank of Marin (the “Bank”), named Tim Myers, age 51, currently President and Chief Operating Officer as his successor. Tim Myers will assume the role of CEO on November 1, 2021.
  • Fifth Third Appoints Michele Mullins Climate Risk Officer; Role Reflects Bank's Commitment to Managing Climate Change Risk
    September 27, 2021
    Fifth Third Bank, National Association, today announced the appointment of Michele Mullins as the Company’s first climate risk officer. The role expands Mullins’ duties as director of enterprise risk governance and business support, and reflects the Bank’s commitment to environmental sustainability leadership.
  • Republic Capital Access, LLC Expands Product Offering
    September 27, 2021
    Republic Capital Access, LLC, the leading specialty finance company for U.S. Government contractors and a Department of Defense Trusted Capital Marketplace member, will now provide contract financing for companies with state government contracts, as well as U.S. Government contracts.
  • Winston & Strawn Represented Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
    September 27, 2021
    Winston & Strawn represented Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as underwriters in connection with Argus Capital Corp. ("Argus") in its initial public offering of 30,475,000 units at a price of $10.00 per unit, including 3,975,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full.
  • Austin Financial Services Provides a $3.6MM Revolving Credit Facility to a One Hundred Twenty-year-old Fuel and Lubricant Distributor
    September 27, 2021
    Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3.6MM revolving A/R and inventory credit facility to a one-hundred twenty-year-old privately owned fuel and lubricant distributor. The Company is operated by an experienced team of industry veterans who are focused on boosting sales volumes and improving operating efficiencies.
  • Bryant Park Capital Secures a $50 Million Senior Debt Facility for High Rise Financial, LLC
    September 27, 2021
    Bryant Park Capital ("BPC"), a leading middle-market investment bank, announced today that High Rise Financial, LLC, founded by Mark Berookim and Michael Berookim, recently closed on a $50 million senior secured debt transaction with one of the larger independent banks in the nation. BPC served as the exclusive financial advisor to High Rise Financial in connection with this transaction.
  • FoxPoint Trucks, LLC Raises $85 Million of Capital from Gordon Brothers to Fuel Company’s Rapid Growth
    September 27, 2021
    Gordon Brothers, the global advisory, restructuring and investment firm, announces that FoxPoint Trucks, LLC, doing business as OTR Leasing, has raised $85 million of capital to support the company’s continued growth. FoxPoint Trucks is a leading technology-enabled, specialty finance truck leasing company that will use the funds to refinance existing debt and support the continued expansion of their truck fleet.
  • Crossroads Systems, Inc. Announces Merger With Rise Line Business Credit
    September 28, 2021
    Crossroads Systems, Inc. ("Crossroads")(OTCQX: CRSS), a holding company focused on investing in businesses that promote economic vitality and community development, announced today a merger with Rise Line Business Credit, LLC ("Rise Line"), a nationwide asset-based lending firm that provides innovative working capital solutions.
  • J.P. Morgan Private Capital Appoints Luke Sikora to Growth Equity Partners Platform
    September 28, 2021
    J.P. Morgan Private Capital today announced the appointment of Luke Sikora as a Partner of its Growth Equity Partners platform. Mr. Sikora will serve as a member of the Investment Committee and help lead the platform's investing efforts on the West Coast.
  • Gerald Group Closes US$450 Million North American Borrowing Base Facility with Record Oversubscription
    September 28, 2021
    Gerald Group ("Gerald"), the world's largest independent and employee-owned metals trading house is pleased to announce the successful refinancing of Gerald's North American trading hub GT Commodities LLC's ("GTC") Borrowing Base Facility ("BBF") closed at US$450 million.
  • Corium Secures $235 Million in Debt Financing
    September 28, 2021
    Corium, Inc. (Corium), a commercial-stage biopharmaceutical company leading the development and commercialization of novel central nervous system (CNS) therapies, today announces that it has closed on a $235 million term loan agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in specialty financing for life science and technology companies. Corium will receive an initial tranche of $100 million, and the remaining funds will be available in three additional tranches upon the achievement of certain pre-defined milestones.
  • Monroe Capital Closes $505 Million Collateralized Loan Obligation Transaction
    September 28, 2021
    Monroe Capital LLC (“Monroe”) today announced the closing of a $505 million term debt securitization known as Monroe Capital MML CLO XII, LTD. The term financing was Monroe’s seventh CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans.
  • CBL Expands Into California: Pioneering ABL Firm Now in 13 States
    September 28, 2021
    Context Business Lending, LLC (“CBL”) a family office-backed leading, national asset-based lender, announced today its expansion into the California market and the hiring of three additional team members to support its continued fast-paced growth. CBL recruited Lucy Czismas, a well-known figure in the California specialty finance market, to be its first west-coast based director of business development. Industry veteran MJ Hilker brings to CBL over 30 years’ experience in finance and investing, joining the company as director of portfolio management. Harmeet Sohal, based in Sacramento, CA, was hired as a senior collateral analyst.
  • Former Wells Fargo Senior Managing Director Jim Marasco Joins Gibraltar’s Board of Directors
    September 28, 2021
    Gibraltar Business Capital is proud to announce that Jim Marasco, a widely respected senior executive leader with an extensive tenure at Wells Fargo Capital Finance, has been appointed to its Board of Directors. Jim has deep expertise in all aspects of secured and asset-based lending, leveraged finance, transaction sourcing and portfolio management.
  • PlainsCapital Bank’s San Antonio Lending Group Welcomes Jamie Gutierrez
    September 27, 2021
    PlainsCapital Bank recently announced that Jamie Gutierrez has joined its San Antonio lending group as vice president, commercial loan officer. Gutierrez has more than 22 years of financial services experience, including small business lending, lines of credit, and healthcare and dental banking. Prior to joining PlainsCapital, Jamie was with Sunflower Bank, N.A. where she served as a business banking officer specializing in medical banking.
  • BHI Healthcare Group finances Lionstone Care Acquisition of assisted living/memory care facility in Southern New Jersey
    September 27, 2021
    BHI, a full-service commercial bank, announced that its Healthcare Group has provided $31.1 million to Lionstone Care for the acquisition of an assisted living and memory care facility in Southern New Jersey. The facility has 110 units and is licensed for 130 beds. Amenities at the facility include five living rooms, a library, game room, tearoom, three dining rooms, a beauty salon, and a variety of activities for residents.
  • Ocean Bank Funds $2.5 Million Factoring Facility To Growing Toy Manufacturer
    September 27, 2021
    Ocean Bank announced its Factoring Division has closed and funded a $2.5 million Factoring & Purchase Order (PO) Financing Facility to a leading growing toy manufacturer headquartered in the Southeast.
  • J D Factors Announces Factoring Facilities
    September 27, 2021
    J D Factors announced it has provided the following factoring facilities: $200,000 to a transportation company in New Jersey; $100,000 to a transportation company in Georgia; $100,000 to a transportation company in South Carolina; $100,000 to a transportation company in Alberta...
  • A&G Wins Third Award for its Role in Tuesday Morning’s Chapter 11 Restructuring and Second for GNC’s Successful Turnaround
    September 27, 2021
    For its work on the restructurings of GNC and Tuesday Morning, A&G Real Estate Partners was among the winners of The M&A Advisor’s 15th-Annual Turnaround Awards. It was the third such award presented to A&G—an advisory firm specializing in lease restructuring, real estate sales and auctions nationwide—for its work on Tuesday Morning, and the second such recognition of the firm’s role in the restructuring of GNC. (Those prior awards came from the Global M&A Network and the Turnaround Management Association.)
  • Texas Capital Bancshares Appoints Anna M. Alvarado as Chief Legal Officer and Corporate Secretary
    September 27, 2021
    Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), today announced that Anna M. Alvarado has been appointed Executive Vice President, Chief Legal Officer and Corporate Secretary, effective October 15, 2021. Ms. Alvarado will report to Rob C. Holmes, President and Chief Executive Officer.
  • Russell A. Colombo Announces Retirement as Chief Executive Officer; Bank of Marin Names Tim Myers President and CEO
    September 27, 2021
    -Russell A. Colombo, Chief Executive Officer of Bank of Marin and Bank of Marin Bancorp, has formally announced his retirement, effective October 31, 2021. The Board of Directors of Bank of Marin Bancorp (“Bancorp”) (Nasdaq: BMRC), parent company of Bank of Marin (the “Bank”), named Tim Myers, age 51, currently President and Chief Operating Officer as his successor. Tim Myers will assume the role of CEO on November 1, 2021.
  • Fifth Third Appoints Michele Mullins Climate Risk Officer; Role Reflects Bank's Commitment to Managing Climate Change Risk
    September 27, 2021
    Fifth Third Bank, National Association, today announced the appointment of Michele Mullins as the Company’s first climate risk officer. The role expands Mullins’ duties as director of enterprise risk governance and business support, and reflects the Bank’s commitment to environmental sustainability leadership.
  • Republic Capital Access, LLC Expands Product Offering
    September 27, 2021
    Republic Capital Access, LLC, the leading specialty finance company for U.S. Government contractors and a Department of Defense Trusted Capital Marketplace member, will now provide contract financing for companies with state government contracts, as well as U.S. Government contracts.
  • Winston & Strawn Represented Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC
    September 27, 2021
    Winston & Strawn represented Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as underwriters in connection with Argus Capital Corp. ("Argus") in its initial public offering of 30,475,000 units at a price of $10.00 per unit, including 3,975,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full.
  • Austin Financial Services Provides a $3.6MM Revolving Credit Facility to a One Hundred Twenty-year-old Fuel and Lubricant Distributor
    September 27, 2021
    Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3.6MM revolving A/R and inventory credit facility to a one-hundred twenty-year-old privately owned fuel and lubricant distributor. The Company is operated by an experienced team of industry veterans who are focused on boosting sales volumes and improving operating efficiencies.
  • Bryant Park Capital Secures a $50 Million Senior Debt Facility for High Rise Financial, LLC
    September 27, 2021
    Bryant Park Capital ("BPC"), a leading middle-market investment bank, announced today that High Rise Financial, LLC, founded by Mark Berookim and Michael Berookim, recently closed on a $50 million senior secured debt transaction with one of the larger independent banks in the nation. BPC served as the exclusive financial advisor to High Rise Financial in connection with this transaction.
  • FoxPoint Trucks, LLC Raises $85 Million of Capital from Gordon Brothers to Fuel Company’s Rapid Growth
    September 27, 2021
    Gordon Brothers, the global advisory, restructuring and investment firm, announces that FoxPoint Trucks, LLC, doing business as OTR Leasing, has raised $85 million of capital to support the company’s continued growth. FoxPoint Trucks is a leading technology-enabled, specialty finance truck leasing company that will use the funds to refinance existing debt and support the continued expansion of their truck fleet.
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