• SVB Financial Group Expands Financial Platform for the Innovation Economy with Addition of Technology Investment Banking
    September 8, 2021
    SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment banking business, SVB Leerink, will expand and build on SVB's core capabilities. SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital.
  • Citizens Financial Group, Inc. to Acquire JMP Group LLC
    September 8, 2021
    Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) and JMP Group LLC (NYSE: JMP or “JMP”) announced today that they have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare, technology, financial services and real estate sectors. Upon the closing of the transaction, JMP, which was founded in 1999 and is headquartered in San Francisco, will operate as a wholly-owned subsidiary of Citizens.
  • Katten Dallas Office Builds on Highly Regarded M&A Practice With New Partner Dilen Kumar
    September 8, 2021
    Katten announced today that Dilen Kumar has joined the firm as a partner in its award-winning Mergers and Acquisitions/Private Equity practice in its Dallas office, which has seen major growth and success since opening three years ago. Prior to joining Katten, Kumar was a corporate partner at Kirkland and Ellis in the firm's private equity and M&A practice, where he also served as a diversity and pro bono coordinator for the Dallas office and on the firm's Pro Bono Management Committee and Diversity and Inclusion Committee.
  • August 2021 New Bankruptcy Filings Level Flat
    September 8, 2021
    Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its August 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, August was flat with 32,225 new filings across all chapters, down slightly from July 2021 with 32,391. Total commercial filings, across all chapters, was up 1% over July 2021 with 1,724 new cases.
  • TNT Crane & Rigging Completes $504 Million Refinancing, Lowering Cost Of Capital And Increasing Liquidity
    September 8, 2021
    Wells Fargo Bank, N.A. is the Admin Agent and Joint Lead Arranger for the ABL Facility. Regions Bank and Fifth Third Bank are also Joint Lead Arrangers under the ABL Facility. Simpson Thacher & Bartlett LLP was counsel to TNT.
  • Monroe Capital Supports Growth of NationsBenefits
    September 8, 2021
    Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the refinance of NationsBenefits. Additionally, The Pritzker Organization, Denali Growth Partners, and Monroe Capital provided equity capital to enhance the existing service offerings and support future growth of the Company.
  • BMO Harris Bank Launches BMO Women in Business Credit Program across its Full Footprint
    September 8, 2021
    BMO Harris Bank announced today the launch of the new BMO Women in Business Credit Program – a loan product offered under the Women In Business initiative that began last year as part of BMO's five-year, $5 billion BMO EMpower commitment. The loan program offers women-owned businesses expanded access to affordable business credit, which the National Association of Women Business Owners has identified as a priority to help women-owned businesses grow.
  • SLR Healthcare ABL Provides $3 Million to Skilled Nursing Operator
    September 8, 2021
    SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to a skilled nursing operator.
  • Citizens Advises Ridgemont Equity Partners on its Acquisition of Sparus Holdings ​
    September 7, 2021
    Citizens M&A Advisory announced today that it served as the financial advisor to Ridgemont Equity Partners on its acquisition of Sparus Holdings (“Sparus”), a leading provider of critical outsourced field and professional services for utility and industrial customers. Citizens also served as Administrative Agent for the senior debt financing that supported the transaction, which closed in March 2021
  • Greenberg Traurig Honored at M&A Advisor’s Turnaround Awards
    September 7, 2021
    Global law firm Greenberg Traurig, LLP has been honored in several categories at the M&A Advisor’s 15th Annual Turnaround Awards. The firm’s attorneys were members of the teams awarded Restructuring of the Year ($500 MM- $1 B) for the restructuring of American Addiction Centers; Restructuring of the Year ($100 MM to $500 MM) for the restructuring of Vivus Inc.; and Financials Deal of the Year for the acquisition of Gateway Insurance Company by Buckle.
  • Ares Management Corporation Further Expands Net Lease Experience
    September 7, 2021
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling investment opportunities in the $12 trillion net lease market in the U.S. and Europe as well as the Company’s continued commitment to enhance its capabilities across the platform.
  • Harrow Health Provides $13.5 Million Senior Secured Loan to Melt Pharmaceuticals
    September 7, 2021
    Harrow Health, Inc. (Nasdaq: HROW), an ophthalmic-focused healthcare company, and Melt Pharmaceuticals, Inc., a clinical-stage pharmaceutical company developing first-in-class medicines for sedation and analgesia, today announced that Harrow Health has provided a $13.5 million senior secured loan to Melt Pharmaceuticals.
  • nCino Announces Executive Leadership Team Promotions to Further Global Growth Initiatives
    September 7, 2021
    nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced today several strategic promotions across its executive leadership team to further support the Company’s continued growth and scale
  • Wells Fargo's Commercial Banking Unit CEO Perry Pelos to Retire
    September 7, 2021
    Wells Fargo & Co (WFC.N) said on Friday that Perry Pelos, the chief executive officer of its commercial banking unit, will retire from the company in April. Kyle Hranicky, the head of Wells Fargo's middle marketing banking unit, which is housed within the commercial banking unit, will succeed Pelos, effective immediately.
  • Yieldstreet Closes 5 New Deals Totaling $45,000,000
    September 7, 2021
    In August 2021, they closed a total of $45M in new deals across both consumer and commercial asset classes, various positions within the capital stack.
  • Petro-Victory Energy Corp Announces Closure of a New US$5 Million Secured Debt Facility, Retirement of Other Debt Facilities and Exercise of Debt-related Warrants
    September 7, 2021
    Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV: VRY.V) is pleased to announce execution of definitive agreements on a series of financing transactions previously announced on November 25th, 2020 (the "Transactions") which refinance existing debt on significantly improved terms, through a structure which includes a new US$5 million debt facility.
  • Gold Royalty Secures Up To US$25 Million Revolving Credit Facility
    September 7, 2021
    Gold Royalty Corp. ("GRC") (NYSE AMERICAN: GROY) is pleased to report the signing of a commitment letter with the Bank of Montreal ("BMO") for a fully underwritten US$10 million revolving credit facility ("Facility") with an accordion feature allowing for an additional US$15 million subject to certain conditions.
  • Kane Biotech Announces New Credit Facility
    September 7, 2021
    Kane Biotech Inc., today announces that it has entered into an amended and restated credit agreement with Pivot Financial Inc. (“Pivot”) dated August 31, 2021 (the “Amended Credit Facility”). The Amended Credit Facility amends and restates the existing credit agreement with Pivot dated November 5, 2020, increasing the credit facility to $2.5 million from $1.48 million.
  • TransPerfect Announces New $500 Million Credit Facility
    September 7, 2021
    TransPerfect, the world's largest provider of language and technology solutions for global business, today announced that it has refinanced its existing credit facility with a new $500 million credit facility (consisting of a $250 million term loan and a $250 million revolving credit line) that matures on August 27, 2026. The new credit facility replaces the company’s previous $450 million credit facility.
  • Maverix Amends and Increases Credit Facility to $160 Million
    September 7, 2021
    Maverix Metals Inc. ("Maverix" or the "Company") (NYSE: MMX) (TSX: MMX) is pleased to announce that it has amended its revolving credit facility (the "Credit Facility") and increased the amount available by $40 million to $160 million.
  • SVB Financial Group Expands Financial Platform for the Innovation Economy with Addition of Technology Investment Banking
    September 8, 2021
    SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment banking business, SVB Leerink, will expand and build on SVB's core capabilities. SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital.
  • Citizens Financial Group, Inc. to Acquire JMP Group LLC
    September 8, 2021
    Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) and JMP Group LLC (NYSE: JMP or “JMP”) announced today that they have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare, technology, financial services and real estate sectors. Upon the closing of the transaction, JMP, which was founded in 1999 and is headquartered in San Francisco, will operate as a wholly-owned subsidiary of Citizens.
  • Katten Dallas Office Builds on Highly Regarded M&A Practice With New Partner Dilen Kumar
    September 8, 2021
    Katten announced today that Dilen Kumar has joined the firm as a partner in its award-winning Mergers and Acquisitions/Private Equity practice in its Dallas office, which has seen major growth and success since opening three years ago. Prior to joining Katten, Kumar was a corporate partner at Kirkland and Ellis in the firm's private equity and M&A practice, where he also served as a diversity and pro bono coordinator for the Dallas office and on the firm's Pro Bono Management Committee and Diversity and Inclusion Committee.
  • August 2021 New Bankruptcy Filings Level Flat
    September 8, 2021
    Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its August 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, August was flat with 32,225 new filings across all chapters, down slightly from July 2021 with 32,391. Total commercial filings, across all chapters, was up 1% over July 2021 with 1,724 new cases.
  • TNT Crane & Rigging Completes $504 Million Refinancing, Lowering Cost Of Capital And Increasing Liquidity
    September 8, 2021
    Wells Fargo Bank, N.A. is the Admin Agent and Joint Lead Arranger for the ABL Facility. Regions Bank and Fifth Third Bank are also Joint Lead Arrangers under the ABL Facility. Simpson Thacher & Bartlett LLP was counsel to TNT.
  • Monroe Capital Supports Growth of NationsBenefits
    September 8, 2021
    Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the refinance of NationsBenefits. Additionally, The Pritzker Organization, Denali Growth Partners, and Monroe Capital provided equity capital to enhance the existing service offerings and support future growth of the Company.
  • BMO Harris Bank Launches BMO Women in Business Credit Program across its Full Footprint
    September 8, 2021
    BMO Harris Bank announced today the launch of the new BMO Women in Business Credit Program – a loan product offered under the Women In Business initiative that began last year as part of BMO's five-year, $5 billion BMO EMpower commitment. The loan program offers women-owned businesses expanded access to affordable business credit, which the National Association of Women Business Owners has identified as a priority to help women-owned businesses grow.
  • SLR Healthcare ABL Provides $3 Million to Skilled Nursing Operator
    September 8, 2021
    SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to a skilled nursing operator.
  • Citizens Advises Ridgemont Equity Partners on its Acquisition of Sparus Holdings ​
    September 7, 2021
    Citizens M&A Advisory announced today that it served as the financial advisor to Ridgemont Equity Partners on its acquisition of Sparus Holdings (“Sparus”), a leading provider of critical outsourced field and professional services for utility and industrial customers. Citizens also served as Administrative Agent for the senior debt financing that supported the transaction, which closed in March 2021
  • Greenberg Traurig Honored at M&A Advisor’s Turnaround Awards
    September 7, 2021
    Global law firm Greenberg Traurig, LLP has been honored in several categories at the M&A Advisor’s 15th Annual Turnaround Awards. The firm’s attorneys were members of the teams awarded Restructuring of the Year ($500 MM- $1 B) for the restructuring of American Addiction Centers; Restructuring of the Year ($100 MM to $500 MM) for the restructuring of Vivus Inc.; and Financials Deal of the Year for the acquisition of Gateway Insurance Company by Buckle.
  • Ares Management Corporation Further Expands Net Lease Experience
    September 7, 2021
    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling investment opportunities in the $12 trillion net lease market in the U.S. and Europe as well as the Company’s continued commitment to enhance its capabilities across the platform.
  • Harrow Health Provides $13.5 Million Senior Secured Loan to Melt Pharmaceuticals
    September 7, 2021
    Harrow Health, Inc. (Nasdaq: HROW), an ophthalmic-focused healthcare company, and Melt Pharmaceuticals, Inc., a clinical-stage pharmaceutical company developing first-in-class medicines for sedation and analgesia, today announced that Harrow Health has provided a $13.5 million senior secured loan to Melt Pharmaceuticals.
  • nCino Announces Executive Leadership Team Promotions to Further Global Growth Initiatives
    September 7, 2021
    nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced today several strategic promotions across its executive leadership team to further support the Company’s continued growth and scale
  • Wells Fargo's Commercial Banking Unit CEO Perry Pelos to Retire
    September 7, 2021
    Wells Fargo & Co (WFC.N) said on Friday that Perry Pelos, the chief executive officer of its commercial banking unit, will retire from the company in April. Kyle Hranicky, the head of Wells Fargo's middle marketing banking unit, which is housed within the commercial banking unit, will succeed Pelos, effective immediately.
  • Yieldstreet Closes 5 New Deals Totaling $45,000,000
    September 7, 2021
    In August 2021, they closed a total of $45M in new deals across both consumer and commercial asset classes, various positions within the capital stack.
  • Petro-Victory Energy Corp Announces Closure of a New US$5 Million Secured Debt Facility, Retirement of Other Debt Facilities and Exercise of Debt-related Warrants
    September 7, 2021
    Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV: VRY.V) is pleased to announce execution of definitive agreements on a series of financing transactions previously announced on November 25th, 2020 (the "Transactions") which refinance existing debt on significantly improved terms, through a structure which includes a new US$5 million debt facility.
  • Gold Royalty Secures Up To US$25 Million Revolving Credit Facility
    September 7, 2021
    Gold Royalty Corp. ("GRC") (NYSE AMERICAN: GROY) is pleased to report the signing of a commitment letter with the Bank of Montreal ("BMO") for a fully underwritten US$10 million revolving credit facility ("Facility") with an accordion feature allowing for an additional US$15 million subject to certain conditions.
  • Kane Biotech Announces New Credit Facility
    September 7, 2021
    Kane Biotech Inc., today announces that it has entered into an amended and restated credit agreement with Pivot Financial Inc. (“Pivot”) dated August 31, 2021 (the “Amended Credit Facility”). The Amended Credit Facility amends and restates the existing credit agreement with Pivot dated November 5, 2020, increasing the credit facility to $2.5 million from $1.48 million.
  • TransPerfect Announces New $500 Million Credit Facility
    September 7, 2021
    TransPerfect, the world's largest provider of language and technology solutions for global business, today announced that it has refinanced its existing credit facility with a new $500 million credit facility (consisting of a $250 million term loan and a $250 million revolving credit line) that matures on August 27, 2026. The new credit facility replaces the company’s previous $450 million credit facility.
  • Maverix Amends and Increases Credit Facility to $160 Million
    September 7, 2021
    Maverix Metals Inc. ("Maverix" or the "Company") (NYSE: MMX) (TSX: MMX) is pleased to announce that it has amended its revolving credit facility (the "Credit Facility") and increased the amount available by $40 million to $160 million.
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