• Julie Caperton Named Head of Wells Fargo Private Bank for Wells Fargo Wealth & Investment Management (WIM)
    June 21, 2021
    Wells Fargo & Company (NYSE: WFC) today announced Julie Caperton as head of Wells Fargo Private Bank, a division of Wealth & Investment Management (WIM). This is in addition to Caperton’s current role as head of the Banking, Lending & Trust Center of Excellence for WIM. Caperton will continue to report to Barry Sommers, head of WIM. As head of The Private Bank, Caperton will be responsible for leading growth in the high net worth and ultra-high net worth segments. She will work closely with regional leaders across the country to drive the strategy for the business.
  • Carver Bancorp and Bank of America Announce Closing of Social Impact Credit Facility with BlackRock
    June 21, 2021
    Carver Bancorp, Inc. (Nasdaq: CARV), the holding company for Carver Federal Savings Bank ("Carver"), a certified Minority Depository Institution ("MDI"), and Bank of America Corporation (NYSE: BAC) announced today that they have closed a Senior Secured Social Impact Revolving Credit Facility with BlackRock's Alternative Solutions Group. BlackRock Alternative Solutions manages private market portfolios and invests across alternative asset classes, sectors and geographies on behalf of its clients.
  • Winston & Strawn Represents Triple-S Steel
    June 21, 2021
    A Winston & Strawn team led by Matt Stockstill and Doug Yeager represented Triple-S Steel in connection with the acquisition of substantially all of the assets of Rolled Steel Products Company, a steel services center located in Los Angeles, California.
  • Frontdoor, Inc. Successfully Completes Transaction to Refinance Capital Structure
    June 21, 2021
    The lenders under the new revolving credit and term loan facilities are comprised of a syndicate of financial institutions. JPMorgan Chase Bank, N.A. is acting as the administrative agent for the lenders and collateral agent for the secured parties under the new revolving credit and term loan facilities.
  • Apollo Medical Holdings, Inc. Announces Successful Completion of Debt Refinancing, Reducing Annual Interest Rate Spread by 50 Basis Points
    June 21, 2021
    Apollo Medical Holdings, Inc. ("ApolloMed," and together with its subsidiaries and affiliated entities, the "Company") (NASDAQ: AMEH), a leading physician-centric, technology-powered healthcare company focused on enabling providers in the successful delivery of value-based care, today announced that on June 16, 2021, it completed the successful refinancing of its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400.0 million, which includes a letter of credit sub-facility of up to $25.0 million and a swingline loan sub-facility of $25.0 million.
  • Olympic Steel Announces Completion of Amendment and Extension of Credit Facility
    June 17, 2021
    Bank of America, N.A. is the Administrative Agent and Joint Lead Arranger. BofA Securities, Inc. is the Joint Bookrunner. Wells Fargo Bank, National Association is the Joint Lead Arranger, Joint Bookrunner and Syndication Agent. Keybank National Association is the Documentation Agent.
  • FocalPoint Advises Hatteras Yachts on its Sale to the White River Marine Group, an Affiliate of Bass Pro Shops
    June 17, 2021
    The White River Marine Group (“White River” or the “Buyer”), a Bass Pro Shops affiliate, has announced the successful acquisition of Hatteras Yachts (“Hatteras” or the “Company”) from affiliates of Versa Capital Management, LLC (“Versa”). FocalPoint Partners, LLC (“FocalPoint”) served as the exclusive financial advisor to the Company.
  • Winston & Strawn Represents Petros PACE Finance, LLC
    June 17, 2021
    Winston & Strawn represented Petros PACE Finance, LLC, the leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, in the $89,000,000 C-PACE transaction for the iconic 111 Wall Street building in the first ever C-PACE deal completed as part of New York City's recently launched C-PACE program.
  • CIT Provides $42.8 Million Financing for Tampa Apartment Complex
    June 17, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apartment complex in Tampa, Florida. The 264-unit multifamily complex known as the Lola Apartments was completed in 2018. Amenities include elevators, a 24-hour fitness facility, clubhouse, game room and resort-style pool. The buyer is an affiliate of Asia Capital Real Estate (ACRE), an experienced owner-operator of multifamily residential properties.
  • Ruth Jacks Named Data and Transformation Leader for Wells Fargo Commercial Banking
    June 17, 2021
    Wells Fargo & Company (NYSE: WFC) today announced that Ruth Jacks has been named head of Data and Transformation for Commercial Banking. She joined the company June 14 and reports to Perry Pelos, head of Commercial Banking.
  • U-Haul Co. of West Virginia Commences Financial Restructuring with Support of U-Haul International
    June 17, 2021
    U-Haul Co. of West Virginia (the "Company") today announced it has filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of West Virginia. The Company serves do-it-yourself moving and self-storage customers in West Virginia and small parts of Kentucky, Virginia and Ohio.
  • HSBC USA Expands Sustainable Finance Offering with Sustainability-Linked Loans for Commercial Banking Clients
    June 17, 2021
    HSBC Bank USA, N.A., (HSBC), part of the HSBC Group, today announced that it is offering Sustainability-Linked Loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support a more sustainable, resilient and prosperous world. HSBC SLLs are available in a variety of corporate loans and credit facilities, with terms linked to pre-determined sustainability performance targets (SPTs). Achieving SPTs results in a lower interest expense, effectively bringing financial incentives to the borrower’s sustainability strategy.
  • Intertape Polymer Group Successfully Completes Refinancing of $600 Million Credit Facility
    June 16, 2021
    Intertape Polymer Group Inc. (TSX:ITP) (“IPG” or the “Company”) today announced a new five-year $600 million credit facility (the “Credit Facility”) pursuant to an amendment to its existing credit agreement with a syndicated lending group led by Bank of America, N.A., as Administrative Agent, and BofA Securities, Inc., BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., The Toronto-Dominion Bank, and Capital One, National Association, as Joint Lead Arrangers and Joint Bookrunners.
  • Monroe Capital Supports Golden Gate Capital’s Acquisition of Securly, Inc.
    June 16, 2021
    Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Securly, Inc. (“Securly”) by private equity sponsor Golden Gate Capital. Founded in 2012 and based in San Jose, CA, Securly is an end-to-end student safety and device management platform serving more than 10 million students globally across 2,500 K-12 school districts.
  • Panagram Structured Asset Management Announces Launch
    June 16, 2021
    Panagram Structured Asset Management (“Panagram”), an Eldridge business and an SEC-registered investment adviser (“RIA”) specializing in structured credit, today announced its launch. Panagram currently oversees approximately $13.5 billion in assets under management.
  • PacWest Bancorp Hires Angela Kelley As EVP, General Counsel And Corporate Secretary
    June 16, 2021
    PacWest Bancorp (Nasdaq: PACW) (the "Company"), announced today the hiring of Angela Kelley as their new EVP, General Counsel and Corporate Secretary. She will also serve as the EVP, General Counsel for Pacific Western Bank, the wholly-owned banking subsidiary of the Company. Mrs. Kelley comes to the Company with over a decade of legal experience primarily in the banking and finance sectors.
  • America First Multifamily Investors, L.P. Obtains New $40 Million Line of Credit
    June 16, 2021
    America First Multifamily Investors, L.P. (NASDAQ: ATAX) (“ATAX”) announced today that on June 11, 2021, it closed on a secured revolving Line of Credit facility (“LOC”) of up to $40 million with two lenders, BankUnited N.A. and Bankers Trust Company. BankUnited N.A. also serves as sole arranger and administrative agent. The LOC is secured by ATAX’s equity investments in its Vantage properties portfolio, a first mortgage on its Suites on Paseo MF Property and a bank account held at BankUnited, N.A.
  • California Bank of Commerce Provides $4MM Credit Facility with Porcelain Wholesale Reseller
    June 16, 2021
    California Bank of Commerce (CBC) announces the completion of a $4 million asset-based revolving credit facility with a wholesale reseller of porcelain cookware and dinnerware. CBC was initially engaged as the business sought to establish a relationship with an Asset Based Lender better suited to help it navigate its current credit needs and future plans. The credit facility will be used to pay off an existing facility with an incumbent lender and to support accounts receivable and inventory.
  • Fifth Third Business Capital Provides $4.5 Million in New Working Capital for World Class Technology Corp.
    June 16, 2021
    World Class Technology Corporation (WCT) designs, manufactures, and markets a full line of proprietary orthodontic products, including self-ligating bracket systems, wires, elastics, buccal tubs, and other orthodontic supplies under its OC Orthodontics brand. WCT and its majority investor, Caltius Equity, requested that Fifth Third refinance existing debt facilities to provide for working capital to fund continued growth and future dividend distributions.
  • Kate Farms Closes $30 Million Credit Facility With Pacific Western Bank
    June 15, 2021
    Kate Farms®, the market leader bringing plant-based nutrition into healthcare, announced today that the company has secured a $30 million senior credit facility with Pacific Western Bank to help fuel the company's further growth and expansion. The transaction follows Kate Farms' recent Series B funding round totaling $60 million and led by Goldman Sachs Asset Management, Kaiser Permanente Ventures and Main Street Advisors.
  • Julie Caperton Named Head of Wells Fargo Private Bank for Wells Fargo Wealth & Investment Management (WIM)
    June 21, 2021
    Wells Fargo & Company (NYSE: WFC) today announced Julie Caperton as head of Wells Fargo Private Bank, a division of Wealth & Investment Management (WIM). This is in addition to Caperton’s current role as head of the Banking, Lending & Trust Center of Excellence for WIM. Caperton will continue to report to Barry Sommers, head of WIM. As head of The Private Bank, Caperton will be responsible for leading growth in the high net worth and ultra-high net worth segments. She will work closely with regional leaders across the country to drive the strategy for the business.
  • Carver Bancorp and Bank of America Announce Closing of Social Impact Credit Facility with BlackRock
    June 21, 2021
    Carver Bancorp, Inc. (Nasdaq: CARV), the holding company for Carver Federal Savings Bank ("Carver"), a certified Minority Depository Institution ("MDI"), and Bank of America Corporation (NYSE: BAC) announced today that they have closed a Senior Secured Social Impact Revolving Credit Facility with BlackRock's Alternative Solutions Group. BlackRock Alternative Solutions manages private market portfolios and invests across alternative asset classes, sectors and geographies on behalf of its clients.
  • Winston & Strawn Represents Triple-S Steel
    June 21, 2021
    A Winston & Strawn team led by Matt Stockstill and Doug Yeager represented Triple-S Steel in connection with the acquisition of substantially all of the assets of Rolled Steel Products Company, a steel services center located in Los Angeles, California.
  • Frontdoor, Inc. Successfully Completes Transaction to Refinance Capital Structure
    June 21, 2021
    The lenders under the new revolving credit and term loan facilities are comprised of a syndicate of financial institutions. JPMorgan Chase Bank, N.A. is acting as the administrative agent for the lenders and collateral agent for the secured parties under the new revolving credit and term loan facilities.
  • Apollo Medical Holdings, Inc. Announces Successful Completion of Debt Refinancing, Reducing Annual Interest Rate Spread by 50 Basis Points
    June 21, 2021
    Apollo Medical Holdings, Inc. ("ApolloMed," and together with its subsidiaries and affiliated entities, the "Company") (NASDAQ: AMEH), a leading physician-centric, technology-powered healthcare company focused on enabling providers in the successful delivery of value-based care, today announced that on June 16, 2021, it completed the successful refinancing of its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400.0 million, which includes a letter of credit sub-facility of up to $25.0 million and a swingline loan sub-facility of $25.0 million.
  • Olympic Steel Announces Completion of Amendment and Extension of Credit Facility
    June 17, 2021
    Bank of America, N.A. is the Administrative Agent and Joint Lead Arranger. BofA Securities, Inc. is the Joint Bookrunner. Wells Fargo Bank, National Association is the Joint Lead Arranger, Joint Bookrunner and Syndication Agent. Keybank National Association is the Documentation Agent.
  • FocalPoint Advises Hatteras Yachts on its Sale to the White River Marine Group, an Affiliate of Bass Pro Shops
    June 17, 2021
    The White River Marine Group (“White River” or the “Buyer”), a Bass Pro Shops affiliate, has announced the successful acquisition of Hatteras Yachts (“Hatteras” or the “Company”) from affiliates of Versa Capital Management, LLC (“Versa”). FocalPoint Partners, LLC (“FocalPoint”) served as the exclusive financial advisor to the Company.
  • Winston & Strawn Represents Petros PACE Finance, LLC
    June 17, 2021
    Winston & Strawn represented Petros PACE Finance, LLC, the leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, in the $89,000,000 C-PACE transaction for the iconic 111 Wall Street building in the first ever C-PACE deal completed as part of New York City's recently launched C-PACE program.
  • CIT Provides $42.8 Million Financing for Tampa Apartment Complex
    June 17, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apartment complex in Tampa, Florida. The 264-unit multifamily complex known as the Lola Apartments was completed in 2018. Amenities include elevators, a 24-hour fitness facility, clubhouse, game room and resort-style pool. The buyer is an affiliate of Asia Capital Real Estate (ACRE), an experienced owner-operator of multifamily residential properties.
  • Ruth Jacks Named Data and Transformation Leader for Wells Fargo Commercial Banking
    June 17, 2021
    Wells Fargo & Company (NYSE: WFC) today announced that Ruth Jacks has been named head of Data and Transformation for Commercial Banking. She joined the company June 14 and reports to Perry Pelos, head of Commercial Banking.
  • U-Haul Co. of West Virginia Commences Financial Restructuring with Support of U-Haul International
    June 17, 2021
    U-Haul Co. of West Virginia (the "Company") today announced it has filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of West Virginia. The Company serves do-it-yourself moving and self-storage customers in West Virginia and small parts of Kentucky, Virginia and Ohio.
  • HSBC USA Expands Sustainable Finance Offering with Sustainability-Linked Loans for Commercial Banking Clients
    June 17, 2021
    HSBC Bank USA, N.A., (HSBC), part of the HSBC Group, today announced that it is offering Sustainability-Linked Loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support a more sustainable, resilient and prosperous world. HSBC SLLs are available in a variety of corporate loans and credit facilities, with terms linked to pre-determined sustainability performance targets (SPTs). Achieving SPTs results in a lower interest expense, effectively bringing financial incentives to the borrower’s sustainability strategy.
  • Intertape Polymer Group Successfully Completes Refinancing of $600 Million Credit Facility
    June 16, 2021
    Intertape Polymer Group Inc. (TSX:ITP) (“IPG” or the “Company”) today announced a new five-year $600 million credit facility (the “Credit Facility”) pursuant to an amendment to its existing credit agreement with a syndicated lending group led by Bank of America, N.A., as Administrative Agent, and BofA Securities, Inc., BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., The Toronto-Dominion Bank, and Capital One, National Association, as Joint Lead Arrangers and Joint Bookrunners.
  • Monroe Capital Supports Golden Gate Capital’s Acquisition of Securly, Inc.
    June 16, 2021
    Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Securly, Inc. (“Securly”) by private equity sponsor Golden Gate Capital. Founded in 2012 and based in San Jose, CA, Securly is an end-to-end student safety and device management platform serving more than 10 million students globally across 2,500 K-12 school districts.
  • Panagram Structured Asset Management Announces Launch
    June 16, 2021
    Panagram Structured Asset Management (“Panagram”), an Eldridge business and an SEC-registered investment adviser (“RIA”) specializing in structured credit, today announced its launch. Panagram currently oversees approximately $13.5 billion in assets under management.
  • PacWest Bancorp Hires Angela Kelley As EVP, General Counsel And Corporate Secretary
    June 16, 2021
    PacWest Bancorp (Nasdaq: PACW) (the "Company"), announced today the hiring of Angela Kelley as their new EVP, General Counsel and Corporate Secretary. She will also serve as the EVP, General Counsel for Pacific Western Bank, the wholly-owned banking subsidiary of the Company. Mrs. Kelley comes to the Company with over a decade of legal experience primarily in the banking and finance sectors.
  • America First Multifamily Investors, L.P. Obtains New $40 Million Line of Credit
    June 16, 2021
    America First Multifamily Investors, L.P. (NASDAQ: ATAX) (“ATAX”) announced today that on June 11, 2021, it closed on a secured revolving Line of Credit facility (“LOC”) of up to $40 million with two lenders, BankUnited N.A. and Bankers Trust Company. BankUnited N.A. also serves as sole arranger and administrative agent. The LOC is secured by ATAX’s equity investments in its Vantage properties portfolio, a first mortgage on its Suites on Paseo MF Property and a bank account held at BankUnited, N.A.
  • California Bank of Commerce Provides $4MM Credit Facility with Porcelain Wholesale Reseller
    June 16, 2021
    California Bank of Commerce (CBC) announces the completion of a $4 million asset-based revolving credit facility with a wholesale reseller of porcelain cookware and dinnerware. CBC was initially engaged as the business sought to establish a relationship with an Asset Based Lender better suited to help it navigate its current credit needs and future plans. The credit facility will be used to pay off an existing facility with an incumbent lender and to support accounts receivable and inventory.
  • Fifth Third Business Capital Provides $4.5 Million in New Working Capital for World Class Technology Corp.
    June 16, 2021
    World Class Technology Corporation (WCT) designs, manufactures, and markets a full line of proprietary orthodontic products, including self-ligating bracket systems, wires, elastics, buccal tubs, and other orthodontic supplies under its OC Orthodontics brand. WCT and its majority investor, Caltius Equity, requested that Fifth Third refinance existing debt facilities to provide for working capital to fund continued growth and future dividend distributions.
  • Kate Farms Closes $30 Million Credit Facility With Pacific Western Bank
    June 15, 2021
    Kate Farms®, the market leader bringing plant-based nutrition into healthcare, announced today that the company has secured a $30 million senior credit facility with Pacific Western Bank to help fuel the company's further growth and expansion. The transaction follows Kate Farms' recent Series B funding round totaling $60 million and led by Goldman Sachs Asset Management, Kaiser Permanente Ventures and Main Street Advisors.