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Proceeds from Online Auction Of Assets from Calif. Brewery Top Expectations by 15%
July 12, 2021The recent online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka by Tiger Group and Schneider Industries generated proceeds that were 15% above the sale partners’ expectations. In all, the auction attracted 236 registered bidders from across the United States and seven foreign countries.
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Commercial Finance Partners Announces Over $15,000,000 in New SBA 7a Loans for Q2 of 2021
July 12, 2021Commercial Finance Partners is pleased to announce over $15,000,000 in new SBA 7a Loans for Q2 of 2021. As lending has returned to pre-pandemic levels, Commercial Finance Partners also provided over $10,000,000 in other lending facilities including accounts receivable factoring, supply chain financing, term loans, and equipment financing.
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Winston & Strawn Represents the Placement Agents in Connection with the Business Combination Between Alpha Tau Medical Limited and Healthcare Capital Corp.
July 8, 2021Winston & Strawn represented the placement agents in connection with the business combination between Alpha Tau Medical Limited ("Alpha Tau"), the developer of the pioneering alpha-radiation cancer therapy Alpha DaRT™, and Healthcare Capital Corp. ("HCC") (Nasdaq: HCCC), a special purpose acquisition company. The business combination values Alpha Tau at an implied pre-money equity value of $600 million, and is expected to add approximately $337 million of cash to its balance sheet upon closing
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$10 Million Loan from TD Bank Will Help Empower Students with Special Needs
July 8, 2021TD Bank, America's Most Convenient Bank®, announced today that its New England Education, Not-for-Profit and Government Finance Group closed a $10 million loan that will help empower students with special needs. The loan will go directly to the private, non-profit Cotting School for the enhancement and expansion of its facilities. Cotting focuses on educating children with special needs and aims to help them achieve their highest potential and level of independence. The school currently has 110 students, ranging from ages 3 to 22, from Massachusetts and southern New Hampshire.
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McGinty Road Partners Announces New Senior Lending Facility with Texas Capital Bank
July 8, 2021McGinty Road Partners, a leading multi strategy investment firm, announced today that it has closed a new senior lending facility with Texas Capital Bank to further expand its equipment leasing capabilities.
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Micron Solutions, Inc. Announces New $7,000,000 Credit Facility
July 8, 2021Micron Solutions, Inc. (OTCQB: MICR) (the “Company”), a diversified contract manufacturing organization, through its wholly-owned subsidiary, Micron Products, Inc., producing highly-engineered, innovative components requiring precision machining and injection molding, announced that Micron Products, Inc. entered into a new three year $7,000,000 Loan and Security Agreement (the “Agreement”) with Berkshire Bank, a Massachusetts banking corporation, on June 30, 2021, replacing the Company’s previous lender.
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Portage Point Deepens Commitment to Serving the Middle Market with Addition of Turnaround & Restructuring Executive Vladimir Kasparov
July 8, 2021Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Vladimir Kasparov has joined the firm as a Managing Director.
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Idea Financial Closes $84 Million Warehouse Facility with Specialty Finance Division of Synovus Bank and Hudson Cove
July 8, 2021Idea Financial, an industry leader in small business lines of credit, has successfully closed a new warehouse facility with Synovus Bank Specialty Finance and Hudson Cove Capital Management. The commitment from Synovus and Hudson Cove increases Idea Financial's capacity to extend competitive and flexible financial products to Main Street. In addition, Idea Financial will be expanding into the underserved legal finance market by offering case expense financing solutions to plaintiff lawyers and law firms.
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Jeffrey Stammen to Join Antares Capital as Managing Director, Head of Investor Coverage in Asset Management
July 8, 2021Antares Capital, a private debt credit manager with more than $30 billion of capital under management and administration, announced today that Jeffrey Stammen will join the firm as Managing Director, Head of Investor Coverage in Asset Management.
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Greenberg Traurig Continues Washington, D.C. Corporate Practice Expansion
July 8, 2021Global law firm Greenberg Traurig, LLP continues to expand its Corporate Practice with the addition of James Doyle as a shareholder in its Washington, D.C. office. He joins the firm from Simpson Thacher & Bartlett LLP. Doyle represents borrowers and lenders in a wide array of debt financing transactions, including acquisition financings, debt restructurings, and syndicated bank loans.
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Cadiz Completes $107.5M Refinancing Package
July 8, 2021Today, Cadiz Inc. ("the Company,"NASDAQ: CDZI) is pleased to announce the closing of a new, long-term $50 million, 7% senior secured credit facility agented by B Riley Securities, Inc. (the "BRS Credit Facility"), successfully completing a $107.5 million financing package that has enabled the Company to reduce its total outstanding debt, lengthen debt maturity and provide capital resources for continued asset development activities.
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Babcock & Wilcox Enterprises Announces Four-Year Senior Financing Facility
July 7, 2021Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on June 30, 2021, it entered into agreements (the “Financing Agreements”) with PNC Bank, N.A. (“PNC”) and an affiliate of MSD Partners, L.P. (“MSD Partners”) under which PNC has provided an up to $50 million asset-based revolving credit facility and availability for up to $125 million of letters of credit to B&W, and MSD Partners will provide cash collateral to support the letter of credit availability.
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Impel NeuroPharma Enters Into a $50 Million Debt Financing Agreement With Oxford Finance LLC and Silicon Valley Bank
July 7, 2021Impel NeuroPharma, Inc. (Impel), a late-stage biopharmaceutical company focused on the development and commercialization of transformative therapies for patients living with central nervous system (CNS) diseases with high unmet medical needs, today announced the closing of a $50 million debt facility with Oxford Finance LLC and Silicon Valley Bank, of which the first $20 million was funded at closing.
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GemCap Funds $7.5 Million Floorplan Facility
July 7, 2021GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships. “I’ve watched FlexPath over seven years and seen them evolve into a full-spectrum auto finance and technology specialist. We’re happy to be part of FlexPath’s growth story.” says David Ellis, Co-President. “And I always want to continue a relationship with a firm with a proven track record and integrity.”
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Alleon Capital Partners Provides a $1,000,000 Accounts Receivable Financing Facility to a California E-commerce Company
July 7, 2021Alleon Capital Partners (“Alleon”), a specialty finance company focused on providing asset-based cash flow solutions to SMEs recently closed a $1,000,000 accounts receivable financing facility with a California based e-commerce business (“Company”). The Company sells an eco-friendly, plastic-free laundry detergent solution directly to consumers via multiple selling platforms. The product is currently sold in 31 different countries and the Company has plans to continue its expansion.
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CohnReznick Hires Aronoff and Campbell
July 7, 2021CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that James H. Aronoff and Charles Campbell have joined the firm as Managing Director and Director in its Restructuring and Dispute Resolution (RDR) practice. The new team significantly strengthens CohnReznick’s structured finance consulting expertise while bringing additional capabilities to clients involved in capital markets transactions.
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Horizon Technology Finance Leads $10 Million Venture Loan to RepTrak
July 7, 2021Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it led a $10 million venture loan to RepTrak Holdings, Inc. ("RepTrak"), of which Horizon funded $5 million and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $5 million.
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Platinum Equity To Acquire Water Treatment Company Solenis For $5.25 Billion
July 7, 2021Platinum Equity announced today that it has signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice ("CD&R") and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. The Valence Group of Piper Sandler is serving as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. Gibson Dunn & Crutcher LLP is providing legal counsel and Willkie Farr & Gallagher LLP is providing debt financing counsel to Platinum Equity. BofA Securities and Goldman Sachs are leading the debt financing for the acquisition.
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White Oak Commercial Finance Delivers $7.5 Million Accounts Receivable Facility to Peruvian Apparel Manufacturer and Exporter
July 7, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $7.5 million accounts receivable facility to a Peruvian manufacturer and exporter of sustainable, premium apparel products to the United States.
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Retail Industry Veteran Bob Grosskopf Joins FrontWell Capital Partners Advisory Board
July 7, 2021FrontWell Capital Partners (“FrontWell”), a private credit fund that provides transitionary senior debt financing to middle-market companies in the United States and Canada, today announced that Bob Grosskopf has joined FrontWell’s Advisory Board. Mr. Grosskopf previously served as co-President of the retail disposition practice of a prominent asset disposition and appraisal firm.
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Proceeds from Online Auction Of Assets from Calif. Brewery Top Expectations by 15%
July 12, 2021The recent online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka by Tiger Group and Schneider Industries generated proceeds that were 15% above the sale partners’ expectations. In all, the auction attracted 236 registered bidders from across the United States and seven foreign countries.
-
Commercial Finance Partners Announces Over $15,000,000 in New SBA 7a Loans for Q2 of 2021
July 12, 2021Commercial Finance Partners is pleased to announce over $15,000,000 in new SBA 7a Loans for Q2 of 2021. As lending has returned to pre-pandemic levels, Commercial Finance Partners also provided over $10,000,000 in other lending facilities including accounts receivable factoring, supply chain financing, term loans, and equipment financing.
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Winston & Strawn Represents the Placement Agents in Connection with the Business Combination Between Alpha Tau Medical Limited and Healthcare Capital Corp.
July 8, 2021Winston & Strawn represented the placement agents in connection with the business combination between Alpha Tau Medical Limited ("Alpha Tau"), the developer of the pioneering alpha-radiation cancer therapy Alpha DaRT™, and Healthcare Capital Corp. ("HCC") (Nasdaq: HCCC), a special purpose acquisition company. The business combination values Alpha Tau at an implied pre-money equity value of $600 million, and is expected to add approximately $337 million of cash to its balance sheet upon closing
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$10 Million Loan from TD Bank Will Help Empower Students with Special Needs
July 8, 2021TD Bank, America's Most Convenient Bank®, announced today that its New England Education, Not-for-Profit and Government Finance Group closed a $10 million loan that will help empower students with special needs. The loan will go directly to the private, non-profit Cotting School for the enhancement and expansion of its facilities. Cotting focuses on educating children with special needs and aims to help them achieve their highest potential and level of independence. The school currently has 110 students, ranging from ages 3 to 22, from Massachusetts and southern New Hampshire.
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McGinty Road Partners Announces New Senior Lending Facility with Texas Capital Bank
July 8, 2021McGinty Road Partners, a leading multi strategy investment firm, announced today that it has closed a new senior lending facility with Texas Capital Bank to further expand its equipment leasing capabilities.
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Micron Solutions, Inc. Announces New $7,000,000 Credit Facility
July 8, 2021Micron Solutions, Inc. (OTCQB: MICR) (the “Company”), a diversified contract manufacturing organization, through its wholly-owned subsidiary, Micron Products, Inc., producing highly-engineered, innovative components requiring precision machining and injection molding, announced that Micron Products, Inc. entered into a new three year $7,000,000 Loan and Security Agreement (the “Agreement”) with Berkshire Bank, a Massachusetts banking corporation, on June 30, 2021, replacing the Company’s previous lender.
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Portage Point Deepens Commitment to Serving the Middle Market with Addition of Turnaround & Restructuring Executive Vladimir Kasparov
July 8, 2021Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Vladimir Kasparov has joined the firm as a Managing Director.
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Idea Financial Closes $84 Million Warehouse Facility with Specialty Finance Division of Synovus Bank and Hudson Cove
July 8, 2021Idea Financial, an industry leader in small business lines of credit, has successfully closed a new warehouse facility with Synovus Bank Specialty Finance and Hudson Cove Capital Management. The commitment from Synovus and Hudson Cove increases Idea Financial's capacity to extend competitive and flexible financial products to Main Street. In addition, Idea Financial will be expanding into the underserved legal finance market by offering case expense financing solutions to plaintiff lawyers and law firms.
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Jeffrey Stammen to Join Antares Capital as Managing Director, Head of Investor Coverage in Asset Management
July 8, 2021Antares Capital, a private debt credit manager with more than $30 billion of capital under management and administration, announced today that Jeffrey Stammen will join the firm as Managing Director, Head of Investor Coverage in Asset Management.
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Greenberg Traurig Continues Washington, D.C. Corporate Practice Expansion
July 8, 2021Global law firm Greenberg Traurig, LLP continues to expand its Corporate Practice with the addition of James Doyle as a shareholder in its Washington, D.C. office. He joins the firm from Simpson Thacher & Bartlett LLP. Doyle represents borrowers and lenders in a wide array of debt financing transactions, including acquisition financings, debt restructurings, and syndicated bank loans.
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Cadiz Completes $107.5M Refinancing Package
July 8, 2021Today, Cadiz Inc. ("the Company,"NASDAQ: CDZI) is pleased to announce the closing of a new, long-term $50 million, 7% senior secured credit facility agented by B Riley Securities, Inc. (the "BRS Credit Facility"), successfully completing a $107.5 million financing package that has enabled the Company to reduce its total outstanding debt, lengthen debt maturity and provide capital resources for continued asset development activities.
-
Babcock & Wilcox Enterprises Announces Four-Year Senior Financing Facility
July 7, 2021Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on June 30, 2021, it entered into agreements (the “Financing Agreements”) with PNC Bank, N.A. (“PNC”) and an affiliate of MSD Partners, L.P. (“MSD Partners”) under which PNC has provided an up to $50 million asset-based revolving credit facility and availability for up to $125 million of letters of credit to B&W, and MSD Partners will provide cash collateral to support the letter of credit availability.
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Impel NeuroPharma Enters Into a $50 Million Debt Financing Agreement With Oxford Finance LLC and Silicon Valley Bank
July 7, 2021Impel NeuroPharma, Inc. (Impel), a late-stage biopharmaceutical company focused on the development and commercialization of transformative therapies for patients living with central nervous system (CNS) diseases with high unmet medical needs, today announced the closing of a $50 million debt facility with Oxford Finance LLC and Silicon Valley Bank, of which the first $20 million was funded at closing.
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GemCap Funds $7.5 Million Floorplan Facility
July 7, 2021GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships. “I’ve watched FlexPath over seven years and seen them evolve into a full-spectrum auto finance and technology specialist. We’re happy to be part of FlexPath’s growth story.” says David Ellis, Co-President. “And I always want to continue a relationship with a firm with a proven track record and integrity.”
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Alleon Capital Partners Provides a $1,000,000 Accounts Receivable Financing Facility to a California E-commerce Company
July 7, 2021Alleon Capital Partners (“Alleon”), a specialty finance company focused on providing asset-based cash flow solutions to SMEs recently closed a $1,000,000 accounts receivable financing facility with a California based e-commerce business (“Company”). The Company sells an eco-friendly, plastic-free laundry detergent solution directly to consumers via multiple selling platforms. The product is currently sold in 31 different countries and the Company has plans to continue its expansion.
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CohnReznick Hires Aronoff and Campbell
July 7, 2021CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that James H. Aronoff and Charles Campbell have joined the firm as Managing Director and Director in its Restructuring and Dispute Resolution (RDR) practice. The new team significantly strengthens CohnReznick’s structured finance consulting expertise while bringing additional capabilities to clients involved in capital markets transactions.
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Horizon Technology Finance Leads $10 Million Venture Loan to RepTrak
July 7, 2021Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it led a $10 million venture loan to RepTrak Holdings, Inc. ("RepTrak"), of which Horizon funded $5 million and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $5 million.
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Platinum Equity To Acquire Water Treatment Company Solenis For $5.25 Billion
July 7, 2021Platinum Equity announced today that it has signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice ("CD&R") and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. The Valence Group of Piper Sandler is serving as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. Gibson Dunn & Crutcher LLP is providing legal counsel and Willkie Farr & Gallagher LLP is providing debt financing counsel to Platinum Equity. BofA Securities and Goldman Sachs are leading the debt financing for the acquisition.
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White Oak Commercial Finance Delivers $7.5 Million Accounts Receivable Facility to Peruvian Apparel Manufacturer and Exporter
July 7, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $7.5 million accounts receivable facility to a Peruvian manufacturer and exporter of sustainable, premium apparel products to the United States.
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Retail Industry Veteran Bob Grosskopf Joins FrontWell Capital Partners Advisory Board
July 7, 2021FrontWell Capital Partners (“FrontWell”), a private credit fund that provides transitionary senior debt financing to middle-market companies in the United States and Canada, today announced that Bob Grosskopf has joined FrontWell’s Advisory Board. Mr. Grosskopf previously served as co-President of the retail disposition practice of a prominent asset disposition and appraisal firm.
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