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Mosaic Takes Strategic Action to Restructure and Recapitalize with the Support of Its Lender to Position the Company for the Future
June 9, 2025Solar Mosaic (the "Company" or "Mosaic"), a fintech platform for U.S. residential solar and energy-efficient home improvements, today announced the Company filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the Southern District of Texas (the “Court”).
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Accuray Announces Convertible Notes Exchange and Refinancing of Existing Credit Facilities
June 9, 2025Accuray Incorporated (NASDAQ: ARAY) today announced that, after an extensive review over the last several months, including the evaluation of numerous potential financing partners, it has entered into privately negotiated agreements with the holders of its existing 3.75% senior convertible notes due 2026 (the "Notes") to exchange an aggregate of $82.0 million principal amount of Notes for an aggregate of 8,881,579 shares of the Accuray's common stock (the "Shares").
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Sterling Announces Extension and Expansion of Credit Facility
June 9, 2025Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it requested and received an amendment to its 2019 credit agreement that extends the maturity of the credit facility to June 2028, expands the size of the facility, and improves flexibility.
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Western Alliance Bank Closes $60 Million Asset-Based Lending Facility for Vertically Integrated Grower/Processor/Distributor of Fresh Vegetable and Value-Added Products
June 9, 2025Western Alliance Bank’s Food, Agriculture and Beverage team is pleased to announce the successful closing and funding of a $60 million Asset-Based Lending (ABL) facility to support the working capital needs of a California-based company specializing in the growing, processing and distribution of fresh vegetables. The ABL facility will support the company’s growth and ongoing working capital requirements from farmgate to its consumer brand.
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Lincoln Financial and Bain Capital Announce Closing of Equity Capital Raise and Launch of Long-Term Strategic Partnership
June 9, 2025The transaction closing marks the start of a multi-faceted partnership that will enable Lincoln to accelerate its strategy, unlock value creation opportunities, and provide growth capital to be deployed in areas of strategic focus.
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Greenberg Traurig Adds Private Funds Attorney Daniel F. Rayner to Corporate Practice in New York
June 9, 2025Global law firm Greenberg Traurig, LLP has grown its Corporate Private Funds Group with the addition of Daniel F. Rayner as a shareholder in the New York office. He joins the firm from Clifford Chance.
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Clarus Capital Closes $25 Million Loan Facility for Privately Held Waste Transportation Provider
June 9, 2025Clarus Capital (“Clarus”), a private credit firm specializing in equipment finance solutions, is pleased to announce the closing of a $25 million equipment loan facility for a privately held waste transportation provider. Immediate financing proceeds supported the acquisition of new waste collection vehicles deployed to service recently awarded and existing multi-year contracts.
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OCC Eyes Lighter Capital Requirements
June 9, 2025Acting Comptroller of the Currency Rodney Hood confirmed that the Trump administration is working on plans to revise capital requirements for banks, aiming to ease what he described as excessive regulations that could contain credit.
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Norton Rose Fulbright Welcomes Standout Corporate Partner to Rapidly Growing Chicago Office
June 9, 2025Global law firm Norton Rose Fulbright today announced that Kyle Gann, a highly regarded corporate lawyer, has joined its Chicago office as a partner in the business practice group and a member of the firm’s transactional and regulatory insurance team.
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NB Bancorp, Inc. and Provident Bancorp, Inc. Enter Into Definitive Merger Agreement
June 9, 2025NB Bancorp, Inc. ("Needham") (Nasdaq: NBBK), the holding company for Needham Bank, and Provident Bancorp, Inc. ("Provident") (Nasdaq: PVBC), the holding company for BankProv, today announced that they have entered into a definitive merger agreement for Provident to merge with and into Needham in a stock and cash transaction.
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Onyx Renewables Secures $260 Million in Secured Credit Facilities to Support Nationwide Deployment of Localized Clean Energy Solutions
June 9, 2025Onyx Renewables (Onyx), a leading provider and owner of localized clean energy solutions, today announced the closing of a $260-million credit facility to support the growth of Onyx's portfolio of distributed energy projects across the U.S.
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BMO Financial Group Announces Executive Appointments
June 9, 2025BMO Financial Group today announced several executive appointments to further strengthen client service excellence through execution focus and innovation, and support its growth ambition throughout Canada and in key markets across the United States.
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SFNet New Member Spotlight: Mitts Law, LLC
June 6, 2025Mitts Law, LLC takes pride in creating and nurturing meaningful relationships with our clients. Our firm's fundamental commitment goes beyond simply addressing our clients’ immediate legal challenges.
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Bowman Confirmed by Senate to be Fed Vice Chair for Supervision
June 5, 2025Federal Reserve Governor Michelle Bowman was confirmed by the US Senate on Wednesday to serve as the central bank’s vice chair for supervision, further signaling a shift to lighter regulation under President Donald Trump.
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Blackstone Leads $1.5 Billion Financing for Baker Tilly Merger
June 5, 2025Blackstone Inc. led a private credit deal of around $1.5 billion to support Baker Tilly’s merger with Moss Adams, according to a person with knowledge of the matter.
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Cambrian and ING Announce $150 Million Facility
June 5, 2025Cambrian, a leader in wastewater treatment, water reuse, and energy recovery-as-a-service, announced the closing of a $150 million credit facility with ING Capital LLC (ING). This strategic partnership with ING, a global financial institution recognized for its commitment to sustainable finance, will support the rapid expansion of Cambrian's innovative Water-Energy Purchase Agreement (WEPA) offerings.
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First Bank Names New Chief Credit Officer
June 5, 2025First Bank is pleased to announce the appointment of Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson will be based at the bank's Greensboro office located at 101 N Spring Street.
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TAB Bank Prescribes $2 Million Asset-Based Line of Credit for a Medical Supply Chain Financing and Logistics Company
June 5, 2025TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan.
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CIBC Innovation Banking Provides Funding to CyberQP
June 5, 2025CIBC Innovation Banking announced today that it has provided funding to CyberQP, a leading provider of Zero Trust Helpdesk Security solutions. The support comes as CyberQP scales its operations globally and accelerates its mission to transform how IT teams secure access and streamline operational workflows.
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Backblaze Further Strengthens Financial Position With New Credit Facility
June 5, 2025Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million (the “Credit Facility”), of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank, N.A. (“Citizens”).
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Mosaic Takes Strategic Action to Restructure and Recapitalize with the Support of Its Lender to Position the Company for the Future
June 9, 2025Solar Mosaic (the "Company" or "Mosaic"), a fintech platform for U.S. residential solar and energy-efficient home improvements, today announced the Company filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the Southern District of Texas (the “Court”).
-
Accuray Announces Convertible Notes Exchange and Refinancing of Existing Credit Facilities
June 9, 2025Accuray Incorporated (NASDAQ: ARAY) today announced that, after an extensive review over the last several months, including the evaluation of numerous potential financing partners, it has entered into privately negotiated agreements with the holders of its existing 3.75% senior convertible notes due 2026 (the "Notes") to exchange an aggregate of $82.0 million principal amount of Notes for an aggregate of 8,881,579 shares of the Accuray's common stock (the "Shares").
-
Sterling Announces Extension and Expansion of Credit Facility
June 9, 2025Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it requested and received an amendment to its 2019 credit agreement that extends the maturity of the credit facility to June 2028, expands the size of the facility, and improves flexibility.
-
Western Alliance Bank Closes $60 Million Asset-Based Lending Facility for Vertically Integrated Grower/Processor/Distributor of Fresh Vegetable and Value-Added Products
June 9, 2025Western Alliance Bank’s Food, Agriculture and Beverage team is pleased to announce the successful closing and funding of a $60 million Asset-Based Lending (ABL) facility to support the working capital needs of a California-based company specializing in the growing, processing and distribution of fresh vegetables. The ABL facility will support the company’s growth and ongoing working capital requirements from farmgate to its consumer brand.
-
Lincoln Financial and Bain Capital Announce Closing of Equity Capital Raise and Launch of Long-Term Strategic Partnership
June 9, 2025The transaction closing marks the start of a multi-faceted partnership that will enable Lincoln to accelerate its strategy, unlock value creation opportunities, and provide growth capital to be deployed in areas of strategic focus.
-
Greenberg Traurig Adds Private Funds Attorney Daniel F. Rayner to Corporate Practice in New York
June 9, 2025Global law firm Greenberg Traurig, LLP has grown its Corporate Private Funds Group with the addition of Daniel F. Rayner as a shareholder in the New York office. He joins the firm from Clifford Chance.
-
Clarus Capital Closes $25 Million Loan Facility for Privately Held Waste Transportation Provider
June 9, 2025Clarus Capital (“Clarus”), a private credit firm specializing in equipment finance solutions, is pleased to announce the closing of a $25 million equipment loan facility for a privately held waste transportation provider. Immediate financing proceeds supported the acquisition of new waste collection vehicles deployed to service recently awarded and existing multi-year contracts.
-
OCC Eyes Lighter Capital Requirements
June 9, 2025Acting Comptroller of the Currency Rodney Hood confirmed that the Trump administration is working on plans to revise capital requirements for banks, aiming to ease what he described as excessive regulations that could contain credit.
-
Norton Rose Fulbright Welcomes Standout Corporate Partner to Rapidly Growing Chicago Office
June 9, 2025Global law firm Norton Rose Fulbright today announced that Kyle Gann, a highly regarded corporate lawyer, has joined its Chicago office as a partner in the business practice group and a member of the firm’s transactional and regulatory insurance team.
-
NB Bancorp, Inc. and Provident Bancorp, Inc. Enter Into Definitive Merger Agreement
June 9, 2025NB Bancorp, Inc. ("Needham") (Nasdaq: NBBK), the holding company for Needham Bank, and Provident Bancorp, Inc. ("Provident") (Nasdaq: PVBC), the holding company for BankProv, today announced that they have entered into a definitive merger agreement for Provident to merge with and into Needham in a stock and cash transaction.
-
Onyx Renewables Secures $260 Million in Secured Credit Facilities to Support Nationwide Deployment of Localized Clean Energy Solutions
June 9, 2025Onyx Renewables (Onyx), a leading provider and owner of localized clean energy solutions, today announced the closing of a $260-million credit facility to support the growth of Onyx's portfolio of distributed energy projects across the U.S.
-
BMO Financial Group Announces Executive Appointments
June 9, 2025BMO Financial Group today announced several executive appointments to further strengthen client service excellence through execution focus and innovation, and support its growth ambition throughout Canada and in key markets across the United States.
-
SFNet New Member Spotlight: Mitts Law, LLC
June 6, 2025Mitts Law, LLC takes pride in creating and nurturing meaningful relationships with our clients. Our firm's fundamental commitment goes beyond simply addressing our clients’ immediate legal challenges.
-
Bowman Confirmed by Senate to be Fed Vice Chair for Supervision
June 5, 2025Federal Reserve Governor Michelle Bowman was confirmed by the US Senate on Wednesday to serve as the central bank’s vice chair for supervision, further signaling a shift to lighter regulation under President Donald Trump.
-
Blackstone Leads $1.5 Billion Financing for Baker Tilly Merger
June 5, 2025Blackstone Inc. led a private credit deal of around $1.5 billion to support Baker Tilly’s merger with Moss Adams, according to a person with knowledge of the matter.
-
Cambrian and ING Announce $150 Million Facility
June 5, 2025Cambrian, a leader in wastewater treatment, water reuse, and energy recovery-as-a-service, announced the closing of a $150 million credit facility with ING Capital LLC (ING). This strategic partnership with ING, a global financial institution recognized for its commitment to sustainable finance, will support the rapid expansion of Cambrian's innovative Water-Energy Purchase Agreement (WEPA) offerings.
-
First Bank Names New Chief Credit Officer
June 5, 2025First Bank is pleased to announce the appointment of Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson will be based at the bank's Greensboro office located at 101 N Spring Street.
-
TAB Bank Prescribes $2 Million Asset-Based Line of Credit for a Medical Supply Chain Financing and Logistics Company
June 5, 2025TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan.
-
CIBC Innovation Banking Provides Funding to CyberQP
June 5, 2025CIBC Innovation Banking announced today that it has provided funding to CyberQP, a leading provider of Zero Trust Helpdesk Security solutions. The support comes as CyberQP scales its operations globally and accelerates its mission to transform how IT teams secure access and streamline operational workflows.
-
Backblaze Further Strengthens Financial Position With New Credit Facility
June 5, 2025Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million (the “Credit Facility”), of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank, N.A. (“Citizens”).

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