• Webster, Sterling Stockholders Approve Merger
    August 18, 2021
    Webster Financial Corporation (NYSE: WBS) (“Webster”) and Sterling Bancorp (NYSE: STL) (“Sterling”) jointly announced that each company’s stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today.
  • Stacey Huddleston Joins Seacoast Business Funding
    August 18, 2021
    Seacoast Business Funding is pleased to announce the addition of Stacey Huddleston as Vice President, Business Development Officer. Mr. Huddleston is based in the Midwest and will focus on expanding the Seacoast portfolio in the region. He brings over twenty years of expertise in the financial and alternative lending space providing creative solutions for businesses with complex financial needs.
  • Brian Gunn Named Chief Risk Officer for MUFG Americas Holdings Corporation and MUFG Union Bank, N.A.
    August 18, 2021
    MUFG, one of the world's leading financial groups, today announced that Brian Gunn will join the company as Chief Risk Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary, MUFG Union Bank, N.A., effective September 13, 2021. Mr. Gunn succeeds Donna Dellosso, who announced her decision to retire in May of this year.
  • Truist Announces Leadership Transitions
    August 18, 2021
    Truist Financial Corporation (NYSE: TFC) today announced its new executive leadership structure, effective Sept. 1. President and Chief Operating Officer William H. Rogers Jr. will succeed Kelly S. King as chief executive officer on Sept. 12, 2021, as previously announced in February 2019 as part of the merger of equals that formed Truist. King will transition to the role of executive chairman of the board of directors of Truist Financial Corporation effective through March 12, 2022.
  • Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $83.2 Million in Commercial Financing to 124 Businesses in July
    August 17, 2021
    Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $34,350,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $22,208,198 in 12 new transactions; Crestmark Vendor Finance provided $9,029,229 in 84 new transactions; and the Government Guaranteed Lending group provided $17,624,500 in financing for five new clients in July.
  • Lendified Announces Credit Facility of up to $10,000,000 and Closing on the First Advance Under the Credit Facility
    August 17, 2021
    As previously announced on April 5, 2021 and May 14, 2021, Lendified Holdings Inc. (TSXV: LHI) (formerly, Hampton Bay Capital Inc.) (the "Company" or "Lendified") is pleased to announce that the Company's wholly-owned subsidiary, incorporated as a special purpose vehicle for the purpose of funding new loans under the Credit Facility (the "SPV"), has entered into a definitive two year credit agreement (the "Credit Agreement") with Windsor Private Capital Limited Partnership and Evergreen Gap Debt GP Inc. (together, the "Lenders") for a non-revolving, secured term loan in the aggregate amount of up to $10,000,000.00 (the "Credit Facility").
  • Avianca Files Restructuring Plan with US Bankruptcy Court
    August 17, 2021
    Avianca Holdings has announced that its board of directors approved the filing of its restructuring plan at the Bankruptcy Court for the Southern District of New York in the United States on August 10.
  • Pacific Avenue Capital Partners Completes Continuation Vehicle Investment With Emerald Textiles
    August 17, 2021
    Jones Day served as M&A legal and debt counsel to Pacific Avenue. Weil, Gotshal & Manges LLP is serving as counsel for the continuation fund. Piper Sandler & Co. and Stephens Inc. advised on the private debt financing. UBS Investment Bank acted as the exclusive placement agent for the equity financing. Pacific Avenue will act as the general partner of the single asset vehicle.
  • Lampert Capital Advisors Serves as Exclusive Financial Advisor for the Acquisition of AmeriQual Foods
    August 17, 2021
    Lampert acted as the affiliate's financial advisor on the transaction and placed a complete $295 Million financing package for the transaction, including a Revolver/First Lien/ Delayed Draw Term Loan with BMO serving as the Administrative Agent, Lead Left Arranger and Joint Bookrunner and J.P. Morgan Chase, as Lead Right Arranger and Joint Bookrunner , a Second Lien provided by funds and accounts managed by BlackRock and a Structured Equity Investment provided by Turning Rock Partners.
  • Taysha Gene Therapies Secures up to $100 Million Non-Dilutive Term Loan Financing
    August 17, 2021
    Taysha Gene Therapies, Inc. (Nasdaq: TSHA), a patient-centric gene therapy company focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the central nervous system in both rare and large patient populations, today announced that it has entered into a loan and security agreement with Silicon Valley Bank (SVB) that provides Taysha with up to $100 million of borrowing capacity.
  • Kirth Joins LSQ as Regional Vice President of U.S. Intermountain Region
    August 17, 2021
    LSQ, the largest independent provider of invoice financing in the U.S., announced the addition of Bill Kirth to the team. Kirth joins LSQ from Euler Hermes technology partner, APiO, where he served as Director and Chief Credit Office.
  • Citizens Advises Orttech on its Recapitalization by Main Street Capital Corporation
    August 17, 2021
    Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Orttech, Inc. on its majority recapitalization by Main Street Capital Corporation (NYSE: MAIN). Headquartered in Solon, OH, Orttech is a leading value-added distributor delivering mission-critical torque control products to a diverse range of industrial power transmission end markets.
  • Tiger Online Auction Offers Variety of Professional A/V Gear
    August 17, 2021
    In its latest sale for a prominent North American production rental company, Tiger Group will be staging a timed online auction on August 24 for over 200 lots of professional grade digital cameras, lenses, projectors, memory and other gear accessories from a prominent North American production rental company.
  • Wilmington Trust Announces 3 New Hires to Expanding CLO Trustee & Loan Administration Division
    August 17, 2021
    Wilmington Trust, a leader in corporate and institutional trust services, today announced the addition of three senior relationship managers within the CLO and Loan Administration Division – Henry Brigham, Willis Hwang and David Knecht. The team will be based in the company's Costa Mesa, California office and will report to the Head of CLO & Loan Administration, Richard Britt.
  • Varagon Capital Partners Supports Quad-C Management’s Investment in Village Gourmet
    August 17, 2021
    Varagon Capital Partners (Varagon) is serving as Administrative Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support Quad-C Management’s (Quad-C) investment in Village Gourmet.
  • Capital Southwest Supports Kainos Capital’s Acquisition of Muenster Milling
    August 17, 2021
    apital 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 recently supported Kainos Capital (“Kainos”) in its acquisition of Muenster Milling (“Muenster”) with a revolving credit facility, first lien term loan and delayed draw term loan.
  • CIBC Innovation Banking Expands North American Technology Coverage
    August 17, 2021
    CIBC Innovation Banking is pleased to announce that Jonathan Schupack is joining its growing North American team as Executive Director and Market Lead for the Texas Region. He will be based in CIBC Innovation Banking’s office in Austin, TX.
  • H.I.G. WhiteHorse Finances Groupe Astek
    August 17, 2021
    H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital ("H.I.G."), announced today that it has arranged a financing package for Groupe Astek (“Astek” or the “Group”), which includes a significant growth capital component. Founded in 1988 and still controlled by its founder Jean-Luc Bernard, Astek is the last independent and fully private global French engineering & IT consulting specialist.
  • Amerisource Closes $2,500,000 Credit Facility and an Equity Co-investment
    August 17, 2021
    Amerisource Business Capital announced the closing and funding of a $2,500,000 senior credit facility supporting a technology-focused private equity fund’s investment in a healthcare staffing company. Amerisource also made a co-investment to support the capital raise.
  • Ares Commercial Finance and WhiteHawk Capital Partners Provide CAD$130 Million Senior Facility to a Western Canadian Crane and Heavy Haul Service Provider
    August 16, 2021
    Ares Commercial Finance (“ACF”) and WhiteHawk Capital Partners, LP ("WhiteHawk") announced today that they have provided a CAD$130 million Senior Facility to a company based in Western Canada specializing in crane and heavy haul services. The Senior Facility was comprised of CAD$90 million revolver provided by ACF and a CAD$40 million term loan provided by WhiteHawk. The financing provides incremental financial flexibility to support the company’s future growth.
  • Webster, Sterling Stockholders Approve Merger
    August 18, 2021
    Webster Financial Corporation (NYSE: WBS) (“Webster”) and Sterling Bancorp (NYSE: STL) (“Sterling”) jointly announced that each company’s stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today.
  • Stacey Huddleston Joins Seacoast Business Funding
    August 18, 2021
    Seacoast Business Funding is pleased to announce the addition of Stacey Huddleston as Vice President, Business Development Officer. Mr. Huddleston is based in the Midwest and will focus on expanding the Seacoast portfolio in the region. He brings over twenty years of expertise in the financial and alternative lending space providing creative solutions for businesses with complex financial needs.
  • Brian Gunn Named Chief Risk Officer for MUFG Americas Holdings Corporation and MUFG Union Bank, N.A.
    August 18, 2021
    MUFG, one of the world's leading financial groups, today announced that Brian Gunn will join the company as Chief Risk Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary, MUFG Union Bank, N.A., effective September 13, 2021. Mr. Gunn succeeds Donna Dellosso, who announced her decision to retire in May of this year.
  • Truist Announces Leadership Transitions
    August 18, 2021
    Truist Financial Corporation (NYSE: TFC) today announced its new executive leadership structure, effective Sept. 1. President and Chief Operating Officer William H. Rogers Jr. will succeed Kelly S. King as chief executive officer on Sept. 12, 2021, as previously announced in February 2019 as part of the merger of equals that formed Truist. King will transition to the role of executive chairman of the board of directors of Truist Financial Corporation effective through March 12, 2022.
  • Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $83.2 Million in Commercial Financing to 124 Businesses in July
    August 17, 2021
    Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $34,350,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $22,208,198 in 12 new transactions; Crestmark Vendor Finance provided $9,029,229 in 84 new transactions; and the Government Guaranteed Lending group provided $17,624,500 in financing for five new clients in July.
  • Lendified Announces Credit Facility of up to $10,000,000 and Closing on the First Advance Under the Credit Facility
    August 17, 2021
    As previously announced on April 5, 2021 and May 14, 2021, Lendified Holdings Inc. (TSXV: LHI) (formerly, Hampton Bay Capital Inc.) (the "Company" or "Lendified") is pleased to announce that the Company's wholly-owned subsidiary, incorporated as a special purpose vehicle for the purpose of funding new loans under the Credit Facility (the "SPV"), has entered into a definitive two year credit agreement (the "Credit Agreement") with Windsor Private Capital Limited Partnership and Evergreen Gap Debt GP Inc. (together, the "Lenders") for a non-revolving, secured term loan in the aggregate amount of up to $10,000,000.00 (the "Credit Facility").
  • Avianca Files Restructuring Plan with US Bankruptcy Court
    August 17, 2021
    Avianca Holdings has announced that its board of directors approved the filing of its restructuring plan at the Bankruptcy Court for the Southern District of New York in the United States on August 10.
  • Pacific Avenue Capital Partners Completes Continuation Vehicle Investment With Emerald Textiles
    August 17, 2021
    Jones Day served as M&A legal and debt counsel to Pacific Avenue. Weil, Gotshal & Manges LLP is serving as counsel for the continuation fund. Piper Sandler & Co. and Stephens Inc. advised on the private debt financing. UBS Investment Bank acted as the exclusive placement agent for the equity financing. Pacific Avenue will act as the general partner of the single asset vehicle.
  • Lampert Capital Advisors Serves as Exclusive Financial Advisor for the Acquisition of AmeriQual Foods
    August 17, 2021
    Lampert acted as the affiliate's financial advisor on the transaction and placed a complete $295 Million financing package for the transaction, including a Revolver/First Lien/ Delayed Draw Term Loan with BMO serving as the Administrative Agent, Lead Left Arranger and Joint Bookrunner and J.P. Morgan Chase, as Lead Right Arranger and Joint Bookrunner , a Second Lien provided by funds and accounts managed by BlackRock and a Structured Equity Investment provided by Turning Rock Partners.
  • Taysha Gene Therapies Secures up to $100 Million Non-Dilutive Term Loan Financing
    August 17, 2021
    Taysha Gene Therapies, Inc. (Nasdaq: TSHA), a patient-centric gene therapy company focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the central nervous system in both rare and large patient populations, today announced that it has entered into a loan and security agreement with Silicon Valley Bank (SVB) that provides Taysha with up to $100 million of borrowing capacity.
  • Kirth Joins LSQ as Regional Vice President of U.S. Intermountain Region
    August 17, 2021
    LSQ, the largest independent provider of invoice financing in the U.S., announced the addition of Bill Kirth to the team. Kirth joins LSQ from Euler Hermes technology partner, APiO, where he served as Director and Chief Credit Office.
  • Citizens Advises Orttech on its Recapitalization by Main Street Capital Corporation
    August 17, 2021
    Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Orttech, Inc. on its majority recapitalization by Main Street Capital Corporation (NYSE: MAIN). Headquartered in Solon, OH, Orttech is a leading value-added distributor delivering mission-critical torque control products to a diverse range of industrial power transmission end markets.
  • Tiger Online Auction Offers Variety of Professional A/V Gear
    August 17, 2021
    In its latest sale for a prominent North American production rental company, Tiger Group will be staging a timed online auction on August 24 for over 200 lots of professional grade digital cameras, lenses, projectors, memory and other gear accessories from a prominent North American production rental company.
  • Wilmington Trust Announces 3 New Hires to Expanding CLO Trustee & Loan Administration Division
    August 17, 2021
    Wilmington Trust, a leader in corporate and institutional trust services, today announced the addition of three senior relationship managers within the CLO and Loan Administration Division – Henry Brigham, Willis Hwang and David Knecht. The team will be based in the company's Costa Mesa, California office and will report to the Head of CLO & Loan Administration, Richard Britt.
  • Varagon Capital Partners Supports Quad-C Management’s Investment in Village Gourmet
    August 17, 2021
    Varagon Capital Partners (Varagon) is serving as Administrative Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support Quad-C Management’s (Quad-C) investment in Village Gourmet.
  • Capital Southwest Supports Kainos Capital’s Acquisition of Muenster Milling
    August 17, 2021
    apital 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 recently supported Kainos Capital (“Kainos”) in its acquisition of Muenster Milling (“Muenster”) with a revolving credit facility, first lien term loan and delayed draw term loan.
  • CIBC Innovation Banking Expands North American Technology Coverage
    August 17, 2021
    CIBC Innovation Banking is pleased to announce that Jonathan Schupack is joining its growing North American team as Executive Director and Market Lead for the Texas Region. He will be based in CIBC Innovation Banking’s office in Austin, TX.
  • H.I.G. WhiteHorse Finances Groupe Astek
    August 17, 2021
    H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital ("H.I.G."), announced today that it has arranged a financing package for Groupe Astek (“Astek” or the “Group”), which includes a significant growth capital component. Founded in 1988 and still controlled by its founder Jean-Luc Bernard, Astek is the last independent and fully private global French engineering & IT consulting specialist.
  • Amerisource Closes $2,500,000 Credit Facility and an Equity Co-investment
    August 17, 2021
    Amerisource Business Capital announced the closing and funding of a $2,500,000 senior credit facility supporting a technology-focused private equity fund’s investment in a healthcare staffing company. Amerisource also made a co-investment to support the capital raise.
  • Ares Commercial Finance and WhiteHawk Capital Partners Provide CAD$130 Million Senior Facility to a Western Canadian Crane and Heavy Haul Service Provider
    August 16, 2021
    Ares Commercial Finance (“ACF”) and WhiteHawk Capital Partners, LP ("WhiteHawk") announced today that they have provided a CAD$130 million Senior Facility to a company based in Western Canada specializing in crane and heavy haul services. The Senior Facility was comprised of CAD$90 million revolver provided by ACF and a CAD$40 million term loan provided by WhiteHawk. The financing provides incremental financial flexibility to support the company’s future growth.
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