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Premier Health Secures C$27M Senior Secured Credit Facilities by RBC
August 31, 2021Premier Health of America Inc. (TSXV: PHA) (the “Corporation” or “Premier Health”), a leading Canadian Healthtech company, announces it has negotiated the provision of two senior secured credit facilities by Royal Bank of Canada (“RBC”) for a total amount of up to C$27,00,000 (each a “Credit Facility”).
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MamaMancini’s Secures Expanded $10.5 Million Credit Facility from M&T Bank for Acquisition Financing
August 31, 2021MamaMancini's Holdings, Inc. (NASDAQ: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, today announced that it has secured an expanded credit facility with M&T bank in the amount of $10.5 million for the purpose of acquisition financing at an interest rate of 3.5% above one-day LIBOR.
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Old Point National Bank Grows Richmond Commercial Team
August 31, 2021Old Point National Bank (Old Point) has expanded its Richmond, Virginia team with the addition of three new Commercial Relationship Managers. Robert Campbell has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Katherine Wagner has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Ian Splisgardt has been appointed Assistant Vice President and Relationship Manager with Old Point's Richmond Commercial Lending Team.
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Focus Lenders Services Group, LLC Adds Three new Field Examiners
August 31, 2021Focus Lenders Services Group, LLC® has added three new field examiners to its already robust team in the US and Canada. These new examiners are based in California, New York and Toronto. All these seasoned professionals have a minimum of over ten years’ experience in asset-based lending and factoring field examinations.
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Celtic Capital Corporation Announces New Client Relationship
August 31, 2021Celtic Capital Corporation today announced its most recent new client relationship – a Washington-based distributor of solar equipment and hardware. With no current bank financing, this Company was looking for a loan facility to offset current cash constraints that were hampering its growth potential. One of our valued bank referral partners suggested that Company management speak with us as the Company’s financials didn’t meet the bank’s lending criteria.
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Citizens Advises Invisors on its Recapitalization by WestView Capital Partners
August 31, 2021Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Invisors, a leading Workday consulting firm based in Atlanta, GA, on its recapitalization by WestView Capital Partners, a Boston-based private equity firm focused on middle-market growth companies. WestView’s investment represents the first institutional capital raised by the company and will help fuel its continued rapid growth in the Workday ecosystem.
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Assembled Brands Announces an Increased Facility to $2.5MM with its Partners at RAEN Optics, LLC
August 31, 2021Assembled Brands is celebrating its increased facility with RAEN Optics, LLC, an eyewear brand that specializes in handcrafted, ultra-light and UV protection eyeglasses and sunglasses.
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Iron Horse Credit Provides a $4 Million Inventory Line of Credit to a Leading Manufacturer and Developer of Copper Alloys and Beryllium Castings
August 31, 2021Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $4,000,000 stand-alone inventory revolving line of credit to a leading manufacturer and developer of advanced alloys for the global market with a focus on specialty copper alloys and high-performance beryllium aluminum castings.
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Rosenthal Provides $500,000 Production Finance Facility for Massachusetts-Based Housewares Company
August 31, 2021Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $500,000 purchase order finance facility to support the production financing requirements of a Massachusetts-based importer and distributor of environmental sustainable housewares.
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Gerber Finance Supports Honey Stinger’s Growth with $5MM Deal
August 31, 2021Gerber Finance, the leading finance partner for companies experiencing accelerated growth, announced new funding for Honey Stinger, maker of sports nutrition products for athletes of all kinds. The deal was structured based on ecommerce and intellectual property and completed under the Naturally Gerber Finance division, which serves companies in the natural products space.
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Sallyport Extends $250,000 Finance for Advertising Company
August 31, 2021Sallyport has expedited the expansion of an Ontario advertising company this week with $250,000 in accounts receivable financing. The funds will be used by the client to service their ongoing working capital requirements whilst giving them the additional capacity they require to grow the business into new markets.
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Nomad Royalty Company to Increase its Revolving Credit Facility to US$125 Million
August 31, 2021Nomad Royalty Company Ltd. ("Nomad" or the "Company") (TSX: NSR) (OTCQX: NSRXF) is pleased to announce that it has secured commitments with The Bank of Nova Scotia ("Scotia"), Canadian Imperial Bank of Commerce ("CIBC") and The Royal Bank of Canada ("RBC") to increase its revolving credit facility ("Increased Facility") to US$125 million with the option to increase to US$150 million, subject to satisfaction of certain conditions.
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Ascend Wellness Holdings Announces US$210 Million Senior Debt Financing
August 31, 2021Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced it has closed on a US$210 million Senior Secured Term Loan (the "Term Loan") with Seaport Global Securities LLC as lead manager. AWH intends to use the proceeds to (i) repay substantially all of the Company's debt excluding approximately US$12 million of outstanding acquisition payments with near zero interest rates, (ii) finance the Company's pending investment in MedMen NY, Inc. and (iii) support the Company's future growth and acquisition initiatives.
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Republic First Bancorp, Inc. Names Peter Musumeci as Market President for Metro New York
August 31, 2021Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that its subsidiary, Republic Bank, named Peter Musumeci as the Market President for Metro New York, including New York City, Long Island, Westchester County and Northern New Jersey.
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Seacoast Announces the Acquisitions of Sabal Palm Bancorp, Inc. and Business Bank of Florida, Corp.
August 31, 2021Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today that it has entered into two separate definitive agreements to acquire Sabal Palm Bancorp, Inc. (“Sabal Palm”), parent company of Sabal Palm Bank based in Sarasota, FL and Business Bank of Florida, Corp. (“BBFC”), parent company of Florida Business Bank based in Melbourne, FL.
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Abacus Finance Provides Senior Debt Financing to Support the Growth Recapitalization of Kymanox Corporation by WestView Capital Partners
August 31, 2021Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the growth recapitalization of Kymanox Corporation by WestView Capital Partners. Abacus also made an equity co-investment in Kymanox.
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GTCR Promotes John D. Kos to Managing Director
August 31, 2021GTCR, a leading private equity firm, announced today the promotion of John D. Kos to Managing Director. Mr. Kos initially joined GTCR in 2006. He was promoted to Vice President in 2011 and Principal in 2017. Among his many contributions to the firm and its limited partners, Mr. Kos has led GTCR's growth initiatives at several instrumental healthcare investments, including Antylia Scientific, Cedar Gate Technologies and Transaction Data Systems, and he also works closely with Water's Edge/Riverchase Dermatology.
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Gordon Brothers Launches Online Auction for Honda of the UK Manufacturing’s Synchro Motorsport Team Assets
August 30, 2021Gordon Brothers, the global advisory, restructuring and investment firm, has successfully sold the majority of the machinery and equipment from the Honda of the UK Manufacturing Swindon plant to a single buyer and has launched the online auction for the exclusive Honda’s Synchro Motorsport team assets.
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SFNet Weighs-In on Important Article 9 Legal Case
August 30, 2021Pending before New York’s highest state appellate court is a secured lender’s request for review of a problematic set of rulings that threaten to impose unique obligations on loans securing obligations with the borrower’s accounts. In that case (Worthy Lending, LLC v. New Style Contractors, Inc.) an account debtor challenged the secured lender’s attempt to enforce an assignment of the right to directly collect accounts on the ground that the assignment did not meet formalities required for assignments under New York law.
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Cadence Business Finance Agents $73.5 Million Revolving Credit Facility for NuBridge Commercial Lending
August 30, 2021NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower Bank, Congressional Bank and Dominion Bank.
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Premier Health Secures C$27M Senior Secured Credit Facilities by RBC
August 31, 2021Premier Health of America Inc. (TSXV: PHA) (the “Corporation” or “Premier Health”), a leading Canadian Healthtech company, announces it has negotiated the provision of two senior secured credit facilities by Royal Bank of Canada (“RBC”) for a total amount of up to C$27,00,000 (each a “Credit Facility”).
-
MamaMancini’s Secures Expanded $10.5 Million Credit Facility from M&T Bank for Acquisition Financing
August 31, 2021MamaMancini's Holdings, Inc. (NASDAQ: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, today announced that it has secured an expanded credit facility with M&T bank in the amount of $10.5 million for the purpose of acquisition financing at an interest rate of 3.5% above one-day LIBOR.
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Old Point National Bank Grows Richmond Commercial Team
August 31, 2021Old Point National Bank (Old Point) has expanded its Richmond, Virginia team with the addition of three new Commercial Relationship Managers. Robert Campbell has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Katherine Wagner has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Ian Splisgardt has been appointed Assistant Vice President and Relationship Manager with Old Point's Richmond Commercial Lending Team.
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Focus Lenders Services Group, LLC Adds Three new Field Examiners
August 31, 2021Focus Lenders Services Group, LLC® has added three new field examiners to its already robust team in the US and Canada. These new examiners are based in California, New York and Toronto. All these seasoned professionals have a minimum of over ten years’ experience in asset-based lending and factoring field examinations.
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Celtic Capital Corporation Announces New Client Relationship
August 31, 2021Celtic Capital Corporation today announced its most recent new client relationship – a Washington-based distributor of solar equipment and hardware. With no current bank financing, this Company was looking for a loan facility to offset current cash constraints that were hampering its growth potential. One of our valued bank referral partners suggested that Company management speak with us as the Company’s financials didn’t meet the bank’s lending criteria.
-
Citizens Advises Invisors on its Recapitalization by WestView Capital Partners
August 31, 2021Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Invisors, a leading Workday consulting firm based in Atlanta, GA, on its recapitalization by WestView Capital Partners, a Boston-based private equity firm focused on middle-market growth companies. WestView’s investment represents the first institutional capital raised by the company and will help fuel its continued rapid growth in the Workday ecosystem.
-
Assembled Brands Announces an Increased Facility to $2.5MM with its Partners at RAEN Optics, LLC
August 31, 2021Assembled Brands is celebrating its increased facility with RAEN Optics, LLC, an eyewear brand that specializes in handcrafted, ultra-light and UV protection eyeglasses and sunglasses.
-
Iron Horse Credit Provides a $4 Million Inventory Line of Credit to a Leading Manufacturer and Developer of Copper Alloys and Beryllium Castings
August 31, 2021Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $4,000,000 stand-alone inventory revolving line of credit to a leading manufacturer and developer of advanced alloys for the global market with a focus on specialty copper alloys and high-performance beryllium aluminum castings.
-
Rosenthal Provides $500,000 Production Finance Facility for Massachusetts-Based Housewares Company
August 31, 2021Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $500,000 purchase order finance facility to support the production financing requirements of a Massachusetts-based importer and distributor of environmental sustainable housewares.
-
Gerber Finance Supports Honey Stinger’s Growth with $5MM Deal
August 31, 2021Gerber Finance, the leading finance partner for companies experiencing accelerated growth, announced new funding for Honey Stinger, maker of sports nutrition products for athletes of all kinds. The deal was structured based on ecommerce and intellectual property and completed under the Naturally Gerber Finance division, which serves companies in the natural products space.
-
Sallyport Extends $250,000 Finance for Advertising Company
August 31, 2021Sallyport has expedited the expansion of an Ontario advertising company this week with $250,000 in accounts receivable financing. The funds will be used by the client to service their ongoing working capital requirements whilst giving them the additional capacity they require to grow the business into new markets.
-
Nomad Royalty Company to Increase its Revolving Credit Facility to US$125 Million
August 31, 2021Nomad Royalty Company Ltd. ("Nomad" or the "Company") (TSX: NSR) (OTCQX: NSRXF) is pleased to announce that it has secured commitments with The Bank of Nova Scotia ("Scotia"), Canadian Imperial Bank of Commerce ("CIBC") and The Royal Bank of Canada ("RBC") to increase its revolving credit facility ("Increased Facility") to US$125 million with the option to increase to US$150 million, subject to satisfaction of certain conditions.
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Ascend Wellness Holdings Announces US$210 Million Senior Debt Financing
August 31, 2021Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced it has closed on a US$210 million Senior Secured Term Loan (the "Term Loan") with Seaport Global Securities LLC as lead manager. AWH intends to use the proceeds to (i) repay substantially all of the Company's debt excluding approximately US$12 million of outstanding acquisition payments with near zero interest rates, (ii) finance the Company's pending investment in MedMen NY, Inc. and (iii) support the Company's future growth and acquisition initiatives.
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Republic First Bancorp, Inc. Names Peter Musumeci as Market President for Metro New York
August 31, 2021Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that its subsidiary, Republic Bank, named Peter Musumeci as the Market President for Metro New York, including New York City, Long Island, Westchester County and Northern New Jersey.
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Seacoast Announces the Acquisitions of Sabal Palm Bancorp, Inc. and Business Bank of Florida, Corp.
August 31, 2021Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today that it has entered into two separate definitive agreements to acquire Sabal Palm Bancorp, Inc. (“Sabal Palm”), parent company of Sabal Palm Bank based in Sarasota, FL and Business Bank of Florida, Corp. (“BBFC”), parent company of Florida Business Bank based in Melbourne, FL.
-
Abacus Finance Provides Senior Debt Financing to Support the Growth Recapitalization of Kymanox Corporation by WestView Capital Partners
August 31, 2021Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the growth recapitalization of Kymanox Corporation by WestView Capital Partners. Abacus also made an equity co-investment in Kymanox.
-
GTCR Promotes John D. Kos to Managing Director
August 31, 2021GTCR, a leading private equity firm, announced today the promotion of John D. Kos to Managing Director. Mr. Kos initially joined GTCR in 2006. He was promoted to Vice President in 2011 and Principal in 2017. Among his many contributions to the firm and its limited partners, Mr. Kos has led GTCR's growth initiatives at several instrumental healthcare investments, including Antylia Scientific, Cedar Gate Technologies and Transaction Data Systems, and he also works closely with Water's Edge/Riverchase Dermatology.
-
Gordon Brothers Launches Online Auction for Honda of the UK Manufacturing’s Synchro Motorsport Team Assets
August 30, 2021Gordon Brothers, the global advisory, restructuring and investment firm, has successfully sold the majority of the machinery and equipment from the Honda of the UK Manufacturing Swindon plant to a single buyer and has launched the online auction for the exclusive Honda’s Synchro Motorsport team assets.
-
SFNet Weighs-In on Important Article 9 Legal Case
August 30, 2021Pending before New York’s highest state appellate court is a secured lender’s request for review of a problematic set of rulings that threaten to impose unique obligations on loans securing obligations with the borrower’s accounts. In that case (Worthy Lending, LLC v. New Style Contractors, Inc.) an account debtor challenged the secured lender’s attempt to enforce an assignment of the right to directly collect accounts on the ground that the assignment did not meet formalities required for assignments under New York law.
-
Cadence Business Finance Agents $73.5 Million Revolving Credit Facility for NuBridge Commercial Lending
August 30, 2021NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower Bank, Congressional Bank and Dominion Bank.
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