• Mesirow Investment Banking Enhances Debt Advisory Capabilities with Hire of New Managing Director
    August 12, 2021
    Mesirow, an independent, employee-owned financial services firm, today announced that Eugene Weissberger has joined Mesirow Investment Banking as a Managing Director. Leveraging his long-standing relationships and 15 years of experience in the credit markets, Eugene will focus on developing the team's debt advisory practice.
  • Lion Electric Secures New US$100 Million Credit Facility
    August 12, 2021
    The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has entered into a credit agreement providing for a new revolving credit facility in the maximum principal amount of US$100,000,000, with a syndicate of lenders represented by National Bank of Canada as administrative agent, lead arranger and sole bookrunner, and including Bank of Montreal and Desjardins Capital Markets.
  • CBL Properties Announces Confirmation of Its Plan of Reorganization
    August 12, 2021
    BL Properties (OTCMKTS: CBLAQ) today announced that on August 11, 2021, the United States Bankruptcy Court for the Southern District of Texas entered an order approving the Company’s Plan of Reorganization (the “Plan”). As previously announced, on November 1, 2020, CBL filed petitions in the Bankruptcy Court for voluntary relief under Chapter 11 of Title 11 of the United States Bankruptcy Code.
  • Capital Southwest Supports Hybrid Apparel’s Acquisition of Air Waves
    August 12, 2021
    Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it backed an Altamont Capital Partners (“Altamont”) portfolio company, Hybrid Apparel (“Hybrid”, or the “Company”) in its acquisition of Air Waves with a split lien term loan. Capital Southwest led the financing and will act as the sole administrative agent on the credit facility. Main Street Capital Corporation is also a lender in the split lien term loan.
  • Truist Names Fadie Itayem Corporate Treasurer
    August 12, 2021
    Truist Financial Corporation (NYSE: TFC) today announced Fadie "Freddy" Itayem, 38, has been named corporate treasurer, effective Sept. 3, 2021. Itayem will report to Chief Financial Officer Daryl Bible and will be responsible for all Truist corporate treasury activities, including balance sheet management, investment portfolio, liquidity risk and funding, interest rate risk and pricing. Itayem succeeds Donna Goodrich who will retire following more than 35 years with Truist.
  • Comvest Credit Partners Announces Investment in ClearOne Advantage
    August 12, 2021
    Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $110.0 million Senior Secured Credit Facility (the “Financing”) to ClearOne Advantage (“ClearOne”), a debt resolution services provider. The financing was used to refinance existing debt and fund ongoing working capital needs.
  • Clear Thinking Group LLC Provides Financial Operational Advisory Services to New Day Aluminum Holdings, LLC and its Parent Company
    August 12, 2021
    Clear Thinking Group LLC, the award-winning management consulting firm announced today that it provided financial and operational advisory services as well as serving as Strategic Advisor to New Day Aluminum Holdings, LLC and its parent company DADA Holdings LLC as part of DADA Holdings recently concluded transaction to sell a majority interest in New Day’s US operations to Concord Resources LTD.
  • Harmony Biosciences And Blackstone Enter Into Strategic Financing Collaboration
    August 11, 2021
    Harmony Biosciences Holdings, Inc. ("Harmony") (Nasdaq: HRMY), a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, and Blackstone (NYSE: BX) today announced that they have entered into a strategic financing collaboration where funds managed by Blackstone have agreed to provide Harmony with up to $330 million of financing and growth capital.
  • Carl Marks Advisors Serves as Exclusive Financial Advisor to WE Transport on Successful Sale to Beacon Mobility
    August 11, 2021
    Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, has served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility.
  • CNH Finance Announces $45.5 Million in New Commitments Throughout Q2 2021
    August 11, 2021
    CNH Finance is pleased to announce $45.5MM in new commitments throughout Q2, 2021. Recent financings include senior credit facilities to multiple skilled nursing facilities, a hospital and a healthcare record management company.
  • Unchained Labs Stocks up on Dry Powder with $155M Debt Facility
    August 11, 2021
    Unchained Labs, the life sciences company that's all about getting biologics and gene therapy researchers the right tools for the job, today announced that it has closed a $155M debt facility with Midcap Financial and Golub Capital to support future acquisitions.
  • Dresner Partners Advised Table Talk Pies on the Refinancing of Its Credit Facilities
    August 11, 2021
    Dresner Partners, a leading FINRA-registered, middle-market investment bank and Mergers Alliance member firm, is pleased to announce that it advised Table Talk Pies, Inc. on the refinancing of its credit facilities with new lenders, White Oak Commercial Finance, LLC and NFS Leasing, Inc. Terms of the transaction were not disclosed.
  • Simmons Bank Bolsters Commercial Lending Capabilities With Addition Of Experienced 11-member Commercial Finance Team
    August 11, 2021
    Lee Palm brings established track record as leader of new Commercial Finance business unit Seasoned veterans Brian Shapiro and Phil Mulder add depth and extensive industry experience 11-member team encompasses full business verticals necessary to immediately begin operations Further expands and diversifies commercial banking capabilities, product offerings and clientele
  • Marathon Asset Management Announces Management Changes
    August 11, 2021
    Bruce Richards, Chairman & CEO, and Louis Hanover, CIO, together the co-managing Partners of Marathon Asset Management, a leading global credit investment manager, announced several management changes today, including one senior departure and five senior promotions.
  • Ilona Posner Joins MHH Real Estate Practice Group
    August 11, 2021
    The law firm of Moritt Hock & Hamroff LLP has announced that Ilona Posner has joined the firm as counsel in its Real Estate practice group. Ms. Posner resides in the firm's Garden City office.
  • CIT Northbridge Serves as Sole Lead Arranger on $25 Million Credit Facility for F Street Investments
    August 11, 2021
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $25 million credit facility for F Street Investments LLC, a lender to real estate investors and developers. Based in Milwaukee, Wisconsin, F Street Investments LLC is part of the F Street Group, an investment company that includes a number of industry verticals, including real estate, hospitality, lending, and emerging markets.
  • Ted Tuerk Joins King & Spalding From Capital One
    August 10, 2021
    Edward (Ted) Tuerk has joined King & Spalding’s Corporate, Finance and Investments practice as counsel in the Chicago office. Prior to joining the firm, he served as the Associate General Counsel at Capital One and prior to that as Senior Counsel – Healthcare Financial services at GE Capital.
  • Ares Commercial Finance Has Provided a $20 Million Senior Secured Revolving Line of Credit to Trading Technologies International, Inc.
    August 10, 2021
    Ares Commercial Finance (“ACF”) announced that it has provided a $20 million senior secured revolving line of credit to Trading Technologies International, Inc. The company, headquartered in Chicago, IL, provides trade execution software, infrastructure, and data services in futures, options and fixed income with global scale and connectivity to all major markets and exchanges worldwide. Proceeds from the financing will be used to support general working capital needs.
  • Harbor Raises Funds From Makerdao Unlocking Defi’s Full Potential in Trade Finance
    August 10, 2021
    Harbor announced Tuesday they have raised funds from MakerDao to finance global trade using decentralized finance (DeFi) liquidity. MakerDao is investing in Harbor’s portfolio by providing a line of credit backed by a securitization pool of trade receivables. MakerDAO is a decentralized autonomous organization (DAO) which maintains and regulates the Dai stablecoin and is the first example of decentralized finance to receive significant adoption.
  • Crescent European Specialty Lending Announces Unitranche Financing & Equity Co-Investment for Management Buyout of Texecom Ltd Supported By LDC
    August 10, 2021
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing and an equity co-investment to support the management buyout of Texecom Ltd, which was supported by LDC, the U.K.-based private equity arm of Lloyds Banking Group. Terms of the financing were not disclosed.
  • Mesirow Investment Banking Enhances Debt Advisory Capabilities with Hire of New Managing Director
    August 12, 2021
    Mesirow, an independent, employee-owned financial services firm, today announced that Eugene Weissberger has joined Mesirow Investment Banking as a Managing Director. Leveraging his long-standing relationships and 15 years of experience in the credit markets, Eugene will focus on developing the team's debt advisory practice.
  • Lion Electric Secures New US$100 Million Credit Facility
    August 12, 2021
    The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has entered into a credit agreement providing for a new revolving credit facility in the maximum principal amount of US$100,000,000, with a syndicate of lenders represented by National Bank of Canada as administrative agent, lead arranger and sole bookrunner, and including Bank of Montreal and Desjardins Capital Markets.
  • CBL Properties Announces Confirmation of Its Plan of Reorganization
    August 12, 2021
    BL Properties (OTCMKTS: CBLAQ) today announced that on August 11, 2021, the United States Bankruptcy Court for the Southern District of Texas entered an order approving the Company’s Plan of Reorganization (the “Plan”). As previously announced, on November 1, 2020, CBL filed petitions in the Bankruptcy Court for voluntary relief under Chapter 11 of Title 11 of the United States Bankruptcy Code.
  • Capital Southwest Supports Hybrid Apparel’s Acquisition of Air Waves
    August 12, 2021
    Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it backed an Altamont Capital Partners (“Altamont”) portfolio company, Hybrid Apparel (“Hybrid”, or the “Company”) in its acquisition of Air Waves with a split lien term loan. Capital Southwest led the financing and will act as the sole administrative agent on the credit facility. Main Street Capital Corporation is also a lender in the split lien term loan.
  • Truist Names Fadie Itayem Corporate Treasurer
    August 12, 2021
    Truist Financial Corporation (NYSE: TFC) today announced Fadie "Freddy" Itayem, 38, has been named corporate treasurer, effective Sept. 3, 2021. Itayem will report to Chief Financial Officer Daryl Bible and will be responsible for all Truist corporate treasury activities, including balance sheet management, investment portfolio, liquidity risk and funding, interest rate risk and pricing. Itayem succeeds Donna Goodrich who will retire following more than 35 years with Truist.
  • Comvest Credit Partners Announces Investment in ClearOne Advantage
    August 12, 2021
    Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $110.0 million Senior Secured Credit Facility (the “Financing”) to ClearOne Advantage (“ClearOne”), a debt resolution services provider. The financing was used to refinance existing debt and fund ongoing working capital needs.
  • Clear Thinking Group LLC Provides Financial Operational Advisory Services to New Day Aluminum Holdings, LLC and its Parent Company
    August 12, 2021
    Clear Thinking Group LLC, the award-winning management consulting firm announced today that it provided financial and operational advisory services as well as serving as Strategic Advisor to New Day Aluminum Holdings, LLC and its parent company DADA Holdings LLC as part of DADA Holdings recently concluded transaction to sell a majority interest in New Day’s US operations to Concord Resources LTD.
  • Harmony Biosciences And Blackstone Enter Into Strategic Financing Collaboration
    August 11, 2021
    Harmony Biosciences Holdings, Inc. ("Harmony") (Nasdaq: HRMY), a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, and Blackstone (NYSE: BX) today announced that they have entered into a strategic financing collaboration where funds managed by Blackstone have agreed to provide Harmony with up to $330 million of financing and growth capital.
  • Carl Marks Advisors Serves as Exclusive Financial Advisor to WE Transport on Successful Sale to Beacon Mobility
    August 11, 2021
    Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, has served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility.
  • CNH Finance Announces $45.5 Million in New Commitments Throughout Q2 2021
    August 11, 2021
    CNH Finance is pleased to announce $45.5MM in new commitments throughout Q2, 2021. Recent financings include senior credit facilities to multiple skilled nursing facilities, a hospital and a healthcare record management company.
  • Unchained Labs Stocks up on Dry Powder with $155M Debt Facility
    August 11, 2021
    Unchained Labs, the life sciences company that's all about getting biologics and gene therapy researchers the right tools for the job, today announced that it has closed a $155M debt facility with Midcap Financial and Golub Capital to support future acquisitions.
  • Dresner Partners Advised Table Talk Pies on the Refinancing of Its Credit Facilities
    August 11, 2021
    Dresner Partners, a leading FINRA-registered, middle-market investment bank and Mergers Alliance member firm, is pleased to announce that it advised Table Talk Pies, Inc. on the refinancing of its credit facilities with new lenders, White Oak Commercial Finance, LLC and NFS Leasing, Inc. Terms of the transaction were not disclosed.
  • Simmons Bank Bolsters Commercial Lending Capabilities With Addition Of Experienced 11-member Commercial Finance Team
    August 11, 2021
    Lee Palm brings established track record as leader of new Commercial Finance business unit Seasoned veterans Brian Shapiro and Phil Mulder add depth and extensive industry experience 11-member team encompasses full business verticals necessary to immediately begin operations Further expands and diversifies commercial banking capabilities, product offerings and clientele
  • Marathon Asset Management Announces Management Changes
    August 11, 2021
    Bruce Richards, Chairman & CEO, and Louis Hanover, CIO, together the co-managing Partners of Marathon Asset Management, a leading global credit investment manager, announced several management changes today, including one senior departure and five senior promotions.
  • Ilona Posner Joins MHH Real Estate Practice Group
    August 11, 2021
    The law firm of Moritt Hock & Hamroff LLP has announced that Ilona Posner has joined the firm as counsel in its Real Estate practice group. Ms. Posner resides in the firm's Garden City office.
  • CIT Northbridge Serves as Sole Lead Arranger on $25 Million Credit Facility for F Street Investments
    August 11, 2021
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $25 million credit facility for F Street Investments LLC, a lender to real estate investors and developers. Based in Milwaukee, Wisconsin, F Street Investments LLC is part of the F Street Group, an investment company that includes a number of industry verticals, including real estate, hospitality, lending, and emerging markets.
  • Ted Tuerk Joins King & Spalding From Capital One
    August 10, 2021
    Edward (Ted) Tuerk has joined King & Spalding’s Corporate, Finance and Investments practice as counsel in the Chicago office. Prior to joining the firm, he served as the Associate General Counsel at Capital One and prior to that as Senior Counsel – Healthcare Financial services at GE Capital.
  • Ares Commercial Finance Has Provided a $20 Million Senior Secured Revolving Line of Credit to Trading Technologies International, Inc.
    August 10, 2021
    Ares Commercial Finance (“ACF”) announced that it has provided a $20 million senior secured revolving line of credit to Trading Technologies International, Inc. The company, headquartered in Chicago, IL, provides trade execution software, infrastructure, and data services in futures, options and fixed income with global scale and connectivity to all major markets and exchanges worldwide. Proceeds from the financing will be used to support general working capital needs.
  • Harbor Raises Funds From Makerdao Unlocking Defi’s Full Potential in Trade Finance
    August 10, 2021
    Harbor announced Tuesday they have raised funds from MakerDao to finance global trade using decentralized finance (DeFi) liquidity. MakerDao is investing in Harbor’s portfolio by providing a line of credit backed by a securitization pool of trade receivables. MakerDAO is a decentralized autonomous organization (DAO) which maintains and regulates the Dai stablecoin and is the first example of decentralized finance to receive significant adoption.
  • Crescent European Specialty Lending Announces Unitranche Financing & Equity Co-Investment for Management Buyout of Texecom Ltd Supported By LDC
    August 10, 2021
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing and an equity co-investment to support the management buyout of Texecom Ltd, which was supported by LDC, the U.K.-based private equity arm of Lloyds Banking Group. Terms of the financing were not disclosed.