• Marco Financial Welcomes Two C-Level Executives
    August 2, 2021
    July was a month of exponential growth for Marco Financial. Recently announcing an $82 million round, with a $100 million credit line, the young fintech is now adding to its roster of c-level executives: Sabrina Teichman as Chief Growth Officer and Prajwal Manalwar as Chief Product Officer.
  • SLR Capital Partners Holds Initial Closings for Healthcare Private Debt Fund
    August 2, 2021
    SLR Capital Partners, LLC ("SLR" or "SLR Capital Partners") today announced initial closings of its healthcare direct lending funds (together "SLR HCLF" or the "Fund"), securing over $480 million in equity commitments, reaching SLR's initial target.
  • Kevin Harbour Joins Oxford Finance’s Healthcare Services Team
    August 2, 2021
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, is pleased to announce that Kevin Harbour has joined Oxford’s healthcare services real estate and asset-based lending team.
  • Phoenix Welcomes Middle Market Investment Banking Specialists, Steven Rosenblum and Steven Warsaw
    August 2, 2021
    Phoenix Management Services®, a leading provider of operationally focused solutions, is pleased to announce the appointment of Steven Rosenblum and Steven Warsaw as Managing Directors of the firm’s investment banking affiliate, Phoenix Capital Resources®.
  • IBC Advanced Alloys Announces Entering Into Credit Facilities
    August 2, 2021
    IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to announce new credit facilities (the “Credit Facilities”) of up to US$8,000,000 established pursuant to (a) a credit and security agreement (the “Credit Agreement”) among Iron Horse Credit, LLC and certain of the Company’s U.S. subsidiaries (the “Subsidiaries”) and (b) an account sale and purchase agreement (the “ASPA”) among Sallyport Commercial Finance, LLC and the Subsidiaries.
  • GBG USA Commences Voluntary Chapter 11 Proceedings
    August 2, 2021
    GBG USA Inc., an indirect wholly-owned subsidiary of Global Brands Group Holding Limited (the “Group”), today announced that the North America wholesale business and certain subsidiaries and affiliates (together “GBG USA”) have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York (the “Court”).
  • Oxford Finance Closes $28 Million Credit Facility with AvantGarde Senior Living
    August 2, 2021
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (“AvantGarde” or “the Company”), A Luxurious Senior Living Community™.
  • Celtic Capital Corporation Announces Its Most Recent New Client Relationship
    August 2, 2021
    Celtic Capital Corporation today announced its most recent new client relationship–a Washington-based cutter/packer of meat products for restaurants and food service companies.
  • Stonebriar Extends $1 Billion Revolving Credit Warehouse Facility and Welcomes New Lender
    July 29, 2021
    Stonebriar Commercial Finance (“Stonebriar” or the “Company”), a leading large-ticket independent diversified commercial finance and leasing company, today announced that it has extended its $1 billion revolving warehouse credit facility (the “Facility”) for another two years. The Facility, which serves as one of Stonebriar’s primary working capital facilities, was originally closed in 2018 and is agented by Bank of America. Other lenders include Credit Suisse, Citizens Bank, Fifth Third Bank, Security Benefit Life and Mitsubishi UFJ Financial Group (“MUFG”), a new participant in the facility.
  • Steven Nelson Joins Intrepid to Launch Financial Sponsor Coverage Group
    July 29, 2021
    Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank and subsidiary of MUFG Union Bank, announced today that Steven Nelson joined the firm as Managing Director and Head of Financial Sponsor Coverage. He brings more than 15 years of experience originating, managing, and executing M&A transactions and maintains strong relationships with financial sponsors across the United States.
  • 4D pharma Announces $30 Million Credit Facility with Oxford Finance
    July 29, 2021
    4D pharma plc (AIM: DDDD, NASDAQ: LBPS), a pharmaceutical company leading the development of Live Biotherapeutic products (LBPs), a novel class of drug derived from the microbiome, today announces the closing of a senior secured credit facility for up to $30m with Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies.
  • 1st Source Announces the Promotion of Two Senior Leaders
    July 29, 2021
    Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announces the Board of Directors’ promotion of Mr. Brett Bauer to Chief Financial Officer and Treasurer of 1st Source Corporation and 1st Source Bank with responsibility for Accounting, Finance, Asset Liability Management, Treasury Management and Investor Relations; and that of Mr. John Bedient to Chief Operations Officer of 1st Source Bank overseeing a new Operations Group combining both deposit and loan operations.
  • Moritt Hock & Hamroff LLP’s Leslie A. Berkoff Appointed To AAA-ICDR International Panel
    July 29, 2021
    Leslie A. Berkoff, a Partner and Chair of the Dispute Resolution practice group in the Garden City office of Moritt Hock & Hamroff, has been recently appointed to the American Arbitration Association (AAA) – International Centre for Dispute Resolution (ICDR) Council and to the AAA-ICDR International Panel.
  • Monroe Capital Hires Chris Babick to Lead the Southeast Region
    July 29, 2021
    Monroe Capital LLC today announced Chris Babick has joined the firm’s originations team as Managing Director. Chris will lead the firm’s relationship sourcing and the origination of new business opportunities within the Southeast region.
  • Hemisphere Energy Establishes New $35 Million Credit Facility and Announces Early Payout of its Term Loan
    July 29, 2021
    Hemisphere Energy Corporation ("Hemisphere" or the "Company") is pleased to announce that it has entered into a new extendible two year committed term facility with ATB Financial (the "Lender"), providing for borrowings of up to $35,000,000 (the "Credit Facility"). As part of entering into the Credit Facility, the Company has fully repaid and terminated its existing term loan with Cibolo Energy Partners (the "Former Term Loan").
  • TriCo Bancshares to Expand in the San Joaquin Valley in Strategic Merger With Valley Republic Bancorp
    July 29, 2021
    TriCo Bancshares (NASDAQ: TCBK, “TriCo”), the parent company for Tri Counties Bank, and Valley Republic Bancorp (OTCQX: VLLX, “Valley”), the parent company for Valley Republic Bank, today announced they have entered into a definitive agreement under which Valley will merge with and into TriCo in a stock transaction valued at approximately $165.6 million, or $38.15 per share, based on TriCo’s stock price of $40.16 on July 26, 2021.
  • CVB Financial Corp. and Suncrest Bank Announce Agreement to Merge
    July 29, 2021
    CVB Financial Corp. (Nasdaq: CVBF) and Suncrest Bank (OTCQX: SBKK) announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which Suncrest will merge with and into Citizens in a stock and cash transaction valued at approximately $204 million in aggregate or $16.18 per Suncrest share, based on CVB Financial Corp.’s closing stock price of $19.36 on July 26, 2021. Piper Sandler & Co. served as financial advisor and Manatt, Phelps & Phillips, LLP served as legal counsel to CVB Financial Corp. MJC Partners, LLC served as financial advisor and Sheppard, Mullin, Richter & Hampton served as legal counsel to Suncrest.
  • Siena Announces $222M in New Facilities
    July 29, 2021
    Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer our clients maximum flexibility and liquidity. Siena Lending Group is proud to provide this overview of the financing solutions that Siena and its Siena Healthcare Finance division delivered in Q2 2021.
  • CIT Names Kevin Ronan as National Sales Director for Capital Equipment Finance Business
    July 29, 2021
    CIT Group Inc. (NYSE: CIT) today announced the appointment of Kevin Ronan as national sales director for the Capital Equipment Finance business. Ronan, who was also promoted to senior vice president, will be based in New York and will oversee business development within Capital Equipment Finance for both the direct and indirect sales channels.
  • Award-Winning Point-of-Sale Fintech Platform LendingUSA Closes $200 Million Senior Credit Facility From Atalaya and Credit Suisse
    July 29, 2021
    LendingUSA, a leading provider of point-of-sale financing, has closed a new credit facility of $200 million from Atalaya Capital Management and Credit Suisse. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the credit facility. LendingUSA has previously closed credit facilities from both Atalaya and Credit Suisse.
  • Marco Financial Welcomes Two C-Level Executives
    August 2, 2021
    July was a month of exponential growth for Marco Financial. Recently announcing an $82 million round, with a $100 million credit line, the young fintech is now adding to its roster of c-level executives: Sabrina Teichman as Chief Growth Officer and Prajwal Manalwar as Chief Product Officer.
  • SLR Capital Partners Holds Initial Closings for Healthcare Private Debt Fund
    August 2, 2021
    SLR Capital Partners, LLC ("SLR" or "SLR Capital Partners") today announced initial closings of its healthcare direct lending funds (together "SLR HCLF" or the "Fund"), securing over $480 million in equity commitments, reaching SLR's initial target.
  • Kevin Harbour Joins Oxford Finance’s Healthcare Services Team
    August 2, 2021
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, is pleased to announce that Kevin Harbour has joined Oxford’s healthcare services real estate and asset-based lending team.
  • Phoenix Welcomes Middle Market Investment Banking Specialists, Steven Rosenblum and Steven Warsaw
    August 2, 2021
    Phoenix Management Services®, a leading provider of operationally focused solutions, is pleased to announce the appointment of Steven Rosenblum and Steven Warsaw as Managing Directors of the firm’s investment banking affiliate, Phoenix Capital Resources®.
  • IBC Advanced Alloys Announces Entering Into Credit Facilities
    August 2, 2021
    IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to announce new credit facilities (the “Credit Facilities”) of up to US$8,000,000 established pursuant to (a) a credit and security agreement (the “Credit Agreement”) among Iron Horse Credit, LLC and certain of the Company’s U.S. subsidiaries (the “Subsidiaries”) and (b) an account sale and purchase agreement (the “ASPA”) among Sallyport Commercial Finance, LLC and the Subsidiaries.
  • GBG USA Commences Voluntary Chapter 11 Proceedings
    August 2, 2021
    GBG USA Inc., an indirect wholly-owned subsidiary of Global Brands Group Holding Limited (the “Group”), today announced that the North America wholesale business and certain subsidiaries and affiliates (together “GBG USA”) have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York (the “Court”).
  • Oxford Finance Closes $28 Million Credit Facility with AvantGarde Senior Living
    August 2, 2021
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (“AvantGarde” or “the Company”), A Luxurious Senior Living Community™.
  • Celtic Capital Corporation Announces Its Most Recent New Client Relationship
    August 2, 2021
    Celtic Capital Corporation today announced its most recent new client relationship–a Washington-based cutter/packer of meat products for restaurants and food service companies.
  • Stonebriar Extends $1 Billion Revolving Credit Warehouse Facility and Welcomes New Lender
    July 29, 2021
    Stonebriar Commercial Finance (“Stonebriar” or the “Company”), a leading large-ticket independent diversified commercial finance and leasing company, today announced that it has extended its $1 billion revolving warehouse credit facility (the “Facility”) for another two years. The Facility, which serves as one of Stonebriar’s primary working capital facilities, was originally closed in 2018 and is agented by Bank of America. Other lenders include Credit Suisse, Citizens Bank, Fifth Third Bank, Security Benefit Life and Mitsubishi UFJ Financial Group (“MUFG”), a new participant in the facility.
  • Steven Nelson Joins Intrepid to Launch Financial Sponsor Coverage Group
    July 29, 2021
    Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank and subsidiary of MUFG Union Bank, announced today that Steven Nelson joined the firm as Managing Director and Head of Financial Sponsor Coverage. He brings more than 15 years of experience originating, managing, and executing M&A transactions and maintains strong relationships with financial sponsors across the United States.
  • 4D pharma Announces $30 Million Credit Facility with Oxford Finance
    July 29, 2021
    4D pharma plc (AIM: DDDD, NASDAQ: LBPS), a pharmaceutical company leading the development of Live Biotherapeutic products (LBPs), a novel class of drug derived from the microbiome, today announces the closing of a senior secured credit facility for up to $30m with Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies.
  • 1st Source Announces the Promotion of Two Senior Leaders
    July 29, 2021
    Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announces the Board of Directors’ promotion of Mr. Brett Bauer to Chief Financial Officer and Treasurer of 1st Source Corporation and 1st Source Bank with responsibility for Accounting, Finance, Asset Liability Management, Treasury Management and Investor Relations; and that of Mr. John Bedient to Chief Operations Officer of 1st Source Bank overseeing a new Operations Group combining both deposit and loan operations.
  • Moritt Hock & Hamroff LLP’s Leslie A. Berkoff Appointed To AAA-ICDR International Panel
    July 29, 2021
    Leslie A. Berkoff, a Partner and Chair of the Dispute Resolution practice group in the Garden City office of Moritt Hock & Hamroff, has been recently appointed to the American Arbitration Association (AAA) – International Centre for Dispute Resolution (ICDR) Council and to the AAA-ICDR International Panel.
  • Monroe Capital Hires Chris Babick to Lead the Southeast Region
    July 29, 2021
    Monroe Capital LLC today announced Chris Babick has joined the firm’s originations team as Managing Director. Chris will lead the firm’s relationship sourcing and the origination of new business opportunities within the Southeast region.
  • Hemisphere Energy Establishes New $35 Million Credit Facility and Announces Early Payout of its Term Loan
    July 29, 2021
    Hemisphere Energy Corporation ("Hemisphere" or the "Company") is pleased to announce that it has entered into a new extendible two year committed term facility with ATB Financial (the "Lender"), providing for borrowings of up to $35,000,000 (the "Credit Facility"). As part of entering into the Credit Facility, the Company has fully repaid and terminated its existing term loan with Cibolo Energy Partners (the "Former Term Loan").
  • TriCo Bancshares to Expand in the San Joaquin Valley in Strategic Merger With Valley Republic Bancorp
    July 29, 2021
    TriCo Bancshares (NASDAQ: TCBK, “TriCo”), the parent company for Tri Counties Bank, and Valley Republic Bancorp (OTCQX: VLLX, “Valley”), the parent company for Valley Republic Bank, today announced they have entered into a definitive agreement under which Valley will merge with and into TriCo in a stock transaction valued at approximately $165.6 million, or $38.15 per share, based on TriCo’s stock price of $40.16 on July 26, 2021.
  • CVB Financial Corp. and Suncrest Bank Announce Agreement to Merge
    July 29, 2021
    CVB Financial Corp. (Nasdaq: CVBF) and Suncrest Bank (OTCQX: SBKK) announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which Suncrest will merge with and into Citizens in a stock and cash transaction valued at approximately $204 million in aggregate or $16.18 per Suncrest share, based on CVB Financial Corp.’s closing stock price of $19.36 on July 26, 2021. Piper Sandler & Co. served as financial advisor and Manatt, Phelps & Phillips, LLP served as legal counsel to CVB Financial Corp. MJC Partners, LLC served as financial advisor and Sheppard, Mullin, Richter & Hampton served as legal counsel to Suncrest.
  • Siena Announces $222M in New Facilities
    July 29, 2021
    Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer our clients maximum flexibility and liquidity. Siena Lending Group is proud to provide this overview of the financing solutions that Siena and its Siena Healthcare Finance division delivered in Q2 2021.
  • CIT Names Kevin Ronan as National Sales Director for Capital Equipment Finance Business
    July 29, 2021
    CIT Group Inc. (NYSE: CIT) today announced the appointment of Kevin Ronan as national sales director for the Capital Equipment Finance business. Ronan, who was also promoted to senior vice president, will be based in New York and will oversee business development within Capital Equipment Finance for both the direct and indirect sales channels.
  • Award-Winning Point-of-Sale Fintech Platform LendingUSA Closes $200 Million Senior Credit Facility From Atalaya and Credit Suisse
    July 29, 2021
    LendingUSA, a leading provider of point-of-sale financing, has closed a new credit facility of $200 million from Atalaya Capital Management and Credit Suisse. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the credit facility. LendingUSA has previously closed credit facilities from both Atalaya and Credit Suisse.
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