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Think Research Corporation Announces New Debt Facility with ScotiaBank
September 13, 2021Think Research Corporation (TSXV: THNK) ("Think" or the "Company"), a company focused on transforming healthcare through digital health software solutions, today announced that it has entered into a new credit agreement (the "Credit Agreement") with BNS that will replace its existing credit arrangements with National Bank of Canada. The new Credit Agreement includes a $22 million revolving credit facility, a $6 million revolving acquisition facility, and a $10 million uncommitted accordion that can be allocated to either facility at the Company's discretion.
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Wingspire Capital Provides $200 Million Senior Secured Credit Facility To Maurices
September 13, 2021Wingspire Capital LLC (“Wingspire”) announced today that it has agented a $200 million senior secured credit facility to Maurices Incorporated (“Maurices”), a U.S.-based women’s clothing retail chain with 898 stores in the U.S., Canada and at www.maurices.com. The credit facility consists of a $100 million revolving line of credit and a $100 million term loan.
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SBA Lifts COVID EIDL cap from $500,000 to $2 Million
September 13, 2021SBA Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, including increasing the cap to $2 million.
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TradeCap Partners Closes $3mm Supply Chain Finance Facility for Colorado Lighting Distributor
September 13, 2021TradeCap Partners recently closed a $3mm supply chain finance facility for lighting distributor based in Colorado. Supply chain disruptions over the last eighteen months had placed strain on the Company’s relationship with suppliers. Facing increased production lead times and in some cases non-performance, the Company made the decision to seek new manufacturing partners to expand its supplier base and diversify risk.
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First Eagle Alternative Credit Appoints Edward Giordano as Chief Financial Officer
September 13, 2021First Eagle Alternative Credit, LLC (“FEAC” or “the firm”), a leading alternative credit manager, today announced the appointment of Edward Giordano as Chief Financial Officer overseeing FEAC’s finance, accounting and operations functions. He succeeds Terry Olson, who retired on June 30, 2021.
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Cambridge Savings Bank Appoints Michael Bonsey as Chief Credit Officer
September 13, 2021Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, is pleased to announce Michael Bonsey has joined the bank as Chief Credit Officer. Bonsey’s charge is to maintain the standing of the bank’s credit portfolio, continue the development of its credit policies and procedures and uphold the quality of its lending portfolio.
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Bank of America Announces Senior Leadership Changes
September 13, 2021The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. When all of the changes are complete, Bank of America’s senior management team will include individuals with an average of 21 years of service in the company and 31 years in the financial services industry, with increased global and international expertise; and more diversity of gender and race than ever before in the company’s history.
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Citizens Advises Aviacode on its Acquisition by GeBBS
September 13, 2021Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Aviacode, a leading provider of outsourced medical coding services, to GeBBS, a ChrysCapital-backed technology enabled revenue cycle management (“RCM”) and risk adjustment solutions provider.
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Amerisource Closes $3,000,000 Credit Facility for Construction Trucking Firm
September 13, 2021Amerisource Business Capital announced the closing and funding of a $3,000,000 senior credit facility for a North Carolina based industrial construction and trucking firm. The proceeds were to support the company’s ongoing growth.
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Gemini Finance Corp. Provides $12.0 Million Purchase Order Financing Facility to a Healthy Snack Company
September 13, 2021Gemini Finance Corp. is pleased to announce that it has provided a $12.0 million purchase order financing facility to a healthy snack company. The California company needed approximately $5 million for its regular purchase orders and an additional $7 million for a national roll-out of its products by a multi-national retailer. The client required capital for raw materials, packaging, shipping, and co-packing expenses.
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Enterprise Group Announces New $30 Million Credit Facility with Waygar Capital and Ninepoint Partners
September 9, 2021Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector that is focused primarily on specialized equipment rental, is pleased to announce that is has entered into a senior secured credit facility (the "Facility") with Waygar Capital Inc., as agent for Ninepoint Canadian Senior Debt Master Fund L.P.
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Lakeland Bancorp Announces Pricing of $150 Million Subordinated Debt Offering
September 9, 2021Lakeland Bancorp, Inc. (NASDAQ: LBAI) (“Lakeland” or the “Company”), the holding company for Lakeland Bank, today announced that it has priced an underwritten public offering of $150 million aggregate principal amount of its fixed-to-floating rate subordinated notes (the “Notes”) due 2031. Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler & Co. are acting as a joint book-running managers.
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Nuula Secures $120 Million in Funding to Reinvent Financial Services for Small Businesses
September 9, 2021Nuula, a fintech company focused on small businesses, today announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile app, and a $100 million credit facility provided by funds managed by the Credit Group of Ares Management Corporation ("Ares") that will provide scale to the app's integrated credit product.
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TAB Bank Provides Mechanical Maintenance Company in British Columbia, Canada with a $2.5 Million Asset-Based Credit Facility
September 9, 2021TAB Bank is pleased to announce it has provided a mechanical maintenance company in Fort St. John, British Columbia, Canada with a $2.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Jam City Acquires Award-winning Game Studio Ludia for $165 Million
September 9, 2021Jam City, Inc., a leading mobile entertainment company behind some of the world’s highest-grossing and most enduring mobile games today, announces it has completed the acquisition of award-winning mobile game studio Ludia Inc. from Fremantle for $165 million. Ludia’s growing portfolio of hit mobile games, including the Jurassic World games (Jurassic World: The Game, Jurassic World Alive) and upcoming DC and Disney titles
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Crédit Agricole CIB Appoints Danielle Baron Global Head of Structured Finance
September 9, 2021anielle Baron is appointed Global Head of Structured Finance. She reports to Jean-François Balaÿ, Deputy Chief Executive Officer of Crédit Agricole CIB and becomes a member of the Management Committee of the Bank. She was previously Global Head of Power & Utilities.
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Ritchie Bros. Promotes Jim Kessler to Role of President
September 9, 2021Ritchie Bros., a global marketplace for insights, services, and transaction solutions, announced today that its Chief Operating Officer, Jim Kessler, will take on the additional role of President, effective immediately.
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CIT Serves as Sole Lead Arranger on Financing for Houston-area Medical Office Building
September 9, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on financing for the acquisition of Hedwig Place, a 102,774-square-foot five-story medical office building close to downtown Houston, Texas.
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Brandon Hodges Joins White Oak Commercial Finance as Managing Director of Originations
September 9, 2021White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to welcome Brandon Hodges as Managing Director of Originations. Mr. Hodges will be based in Los Angeles with national ABL and Lender Finance originations responsibilities and will report to Vice Chairman Andy McGhee.
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Tradecycle Capital Delivers Five New Accounts Payable Finance Facilities in August
September 9, 2021They included a $1,000,000 limit to a family office-backed supplier of component parts to the recreational vehicle industry; a $3,000,000 limit to a privately-owned importer and distributor of bulk sheet and coiled metals, a $1,000,000 limit to a major supplier of solar energy solutions;
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Think Research Corporation Announces New Debt Facility with ScotiaBank
September 13, 2021Think Research Corporation (TSXV: THNK) ("Think" or the "Company"), a company focused on transforming healthcare through digital health software solutions, today announced that it has entered into a new credit agreement (the "Credit Agreement") with BNS that will replace its existing credit arrangements with National Bank of Canada. The new Credit Agreement includes a $22 million revolving credit facility, a $6 million revolving acquisition facility, and a $10 million uncommitted accordion that can be allocated to either facility at the Company's discretion.
-
Wingspire Capital Provides $200 Million Senior Secured Credit Facility To Maurices
September 13, 2021Wingspire Capital LLC (“Wingspire”) announced today that it has agented a $200 million senior secured credit facility to Maurices Incorporated (“Maurices”), a U.S.-based women’s clothing retail chain with 898 stores in the U.S., Canada and at www.maurices.com. The credit facility consists of a $100 million revolving line of credit and a $100 million term loan.
-
SBA Lifts COVID EIDL cap from $500,000 to $2 Million
September 13, 2021SBA Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, including increasing the cap to $2 million.
-
TradeCap Partners Closes $3mm Supply Chain Finance Facility for Colorado Lighting Distributor
September 13, 2021TradeCap Partners recently closed a $3mm supply chain finance facility for lighting distributor based in Colorado. Supply chain disruptions over the last eighteen months had placed strain on the Company’s relationship with suppliers. Facing increased production lead times and in some cases non-performance, the Company made the decision to seek new manufacturing partners to expand its supplier base and diversify risk.
-
First Eagle Alternative Credit Appoints Edward Giordano as Chief Financial Officer
September 13, 2021First Eagle Alternative Credit, LLC (“FEAC” or “the firm”), a leading alternative credit manager, today announced the appointment of Edward Giordano as Chief Financial Officer overseeing FEAC’s finance, accounting and operations functions. He succeeds Terry Olson, who retired on June 30, 2021.
-
Cambridge Savings Bank Appoints Michael Bonsey as Chief Credit Officer
September 13, 2021Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, is pleased to announce Michael Bonsey has joined the bank as Chief Credit Officer. Bonsey’s charge is to maintain the standing of the bank’s credit portfolio, continue the development of its credit policies and procedures and uphold the quality of its lending portfolio.
-
Bank of America Announces Senior Leadership Changes
September 13, 2021The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. When all of the changes are complete, Bank of America’s senior management team will include individuals with an average of 21 years of service in the company and 31 years in the financial services industry, with increased global and international expertise; and more diversity of gender and race than ever before in the company’s history.
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Citizens Advises Aviacode on its Acquisition by GeBBS
September 13, 2021Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Aviacode, a leading provider of outsourced medical coding services, to GeBBS, a ChrysCapital-backed technology enabled revenue cycle management (“RCM”) and risk adjustment solutions provider.
-
Amerisource Closes $3,000,000 Credit Facility for Construction Trucking Firm
September 13, 2021Amerisource Business Capital announced the closing and funding of a $3,000,000 senior credit facility for a North Carolina based industrial construction and trucking firm. The proceeds were to support the company’s ongoing growth.
-
Gemini Finance Corp. Provides $12.0 Million Purchase Order Financing Facility to a Healthy Snack Company
September 13, 2021Gemini Finance Corp. is pleased to announce that it has provided a $12.0 million purchase order financing facility to a healthy snack company. The California company needed approximately $5 million for its regular purchase orders and an additional $7 million for a national roll-out of its products by a multi-national retailer. The client required capital for raw materials, packaging, shipping, and co-packing expenses.
-
Enterprise Group Announces New $30 Million Credit Facility with Waygar Capital and Ninepoint Partners
September 9, 2021Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector that is focused primarily on specialized equipment rental, is pleased to announce that is has entered into a senior secured credit facility (the "Facility") with Waygar Capital Inc., as agent for Ninepoint Canadian Senior Debt Master Fund L.P.
-
Lakeland Bancorp Announces Pricing of $150 Million Subordinated Debt Offering
September 9, 2021Lakeland Bancorp, Inc. (NASDAQ: LBAI) (“Lakeland” or the “Company”), the holding company for Lakeland Bank, today announced that it has priced an underwritten public offering of $150 million aggregate principal amount of its fixed-to-floating rate subordinated notes (the “Notes”) due 2031. Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler & Co. are acting as a joint book-running managers.
-
Nuula Secures $120 Million in Funding to Reinvent Financial Services for Small Businesses
September 9, 2021Nuula, a fintech company focused on small businesses, today announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile app, and a $100 million credit facility provided by funds managed by the Credit Group of Ares Management Corporation ("Ares") that will provide scale to the app's integrated credit product.
-
TAB Bank Provides Mechanical Maintenance Company in British Columbia, Canada with a $2.5 Million Asset-Based Credit Facility
September 9, 2021TAB Bank is pleased to announce it has provided a mechanical maintenance company in Fort St. John, British Columbia, Canada with a $2.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
-
Jam City Acquires Award-winning Game Studio Ludia for $165 Million
September 9, 2021Jam City, Inc., a leading mobile entertainment company behind some of the world’s highest-grossing and most enduring mobile games today, announces it has completed the acquisition of award-winning mobile game studio Ludia Inc. from Fremantle for $165 million. Ludia’s growing portfolio of hit mobile games, including the Jurassic World games (Jurassic World: The Game, Jurassic World Alive) and upcoming DC and Disney titles
-
Crédit Agricole CIB Appoints Danielle Baron Global Head of Structured Finance
September 9, 2021anielle Baron is appointed Global Head of Structured Finance. She reports to Jean-François Balaÿ, Deputy Chief Executive Officer of Crédit Agricole CIB and becomes a member of the Management Committee of the Bank. She was previously Global Head of Power & Utilities.
-
Ritchie Bros. Promotes Jim Kessler to Role of President
September 9, 2021Ritchie Bros., a global marketplace for insights, services, and transaction solutions, announced today that its Chief Operating Officer, Jim Kessler, will take on the additional role of President, effective immediately.
-
CIT Serves as Sole Lead Arranger on Financing for Houston-area Medical Office Building
September 9, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on financing for the acquisition of Hedwig Place, a 102,774-square-foot five-story medical office building close to downtown Houston, Texas.
-
Brandon Hodges Joins White Oak Commercial Finance as Managing Director of Originations
September 9, 2021White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to welcome Brandon Hodges as Managing Director of Originations. Mr. Hodges will be based in Los Angeles with national ABL and Lender Finance originations responsibilities and will report to Vice Chairman Andy McGhee.
-
Tradecycle Capital Delivers Five New Accounts Payable Finance Facilities in August
September 9, 2021They included a $1,000,000 limit to a family office-backed supplier of component parts to the recreational vehicle industry; a $3,000,000 limit to a privately-owned importer and distributor of bulk sheet and coiled metals, a $1,000,000 limit to a major supplier of solar energy solutions;
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