• Jeffrey Stammen to Join Antares Capital as Managing Director, Head of Investor Coverage in Asset Management
    July 8, 2021
    Antares 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.
  • Greenberg Traurig Continues Washington, D.C. Corporate Practice Expansion
    July 8, 2021
    Global 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.
  • Cadiz Completes $107.5M Refinancing Package
    July 8, 2021
    Today, 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, 2021
    Babcock & 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.
  • Impel NeuroPharma Enters Into a $50 Million Debt Financing Agreement With Oxford Finance LLC and Silicon Valley Bank
    July 7, 2021
    Impel 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.
  • GemCap Funds $7.5 Million Floorplan Facility
    July 7, 2021
    GemCap 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.”
  • Alleon Capital Partners Provides a $1,000,000 Accounts Receivable Financing Facility to a California E-commerce Company
    July 7, 2021
    Alleon 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.
  • CohnReznick Hires Aronoff and Campbell
    July 7, 2021
    CohnReznick 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.
  • Horizon Technology Finance Leads $10 Million Venture Loan to RepTrak
    July 7, 2021
    Horizon 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.
  • Platinum Equity To Acquire Water Treatment Company Solenis For $5.25 Billion
    July 7, 2021
    Platinum 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.
  • White Oak Commercial Finance Delivers $7.5 Million Accounts Receivable Facility to Peruvian Apparel Manufacturer and Exporter
    July 7, 2021
    White 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.
  • Retail Industry Veteran Bob Grosskopf Joins FrontWell Capital Partners Advisory Board
    July 7, 2021
    FrontWell 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.
  • IDS ABL Now Available on IDScloud Providing Real-Time Insight of Collateral Data
    July 7, 2021
    IDS, a leading provider of mission-critical enterprise solutions for secured finance, today announced that it has completed the migration of IDS ABL to IDScloud, a leading SaaS-based solution for secured finance. Now asset-based lenders can gain access to real-time portfolio insights to mitigate risk and ensure collateral value. The cloud also provides a more intuitive experience through the borrower portal enabling self-service funding requests and document submission.
  • Major Automotive Component & Powertrain Manufacturing Equipment Asset Sales Begin July 21
    July 7, 2021
    Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed as a selling agent for JD Norman’s assets in Germany. Two sales will take place by auction and private treaty on July 21 in Witzenhausen and September 22 in Hörselberg-Hainich that will feature over 300 and 900 assets, respectively.
  • Marathon Asset Management leads $155 Million Credit Facility to Avenger Flight Group
    July 6, 2021
    Marathon Asset Management LP ("Marathon") today announced the closing of a $155 million senior credit facility to Avenger Flight Group LLC ("AFG" or the "Company"), a leading independent provider of enterprise flight training solutions to aviation clients worldwide. Marathon anchored the loan alongside three other investment management firms. Proceeds from the financing repaid existing indebtedness and equipped the Company with growth capital as the aviation industry rebounds from the pandemic. Terms of the deal were not disclosed.
  • Davis Polk Elects Nine New Partners
    July 6, 2021
    Davis Polk has announced that Sheila Adams, Matthew Bacal, Ning Chiu, Ethan Goldman, David Hahn, Eric McLaughlin, Adam Shpeen, Travis Triano and Steve Wang have been elected partners of the Firm, effective July 1, 2021.
  • HireQuest Announces Closing of $63.2 Million Credit Facility
    July 6, 2021
    HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that the Company has closed a $63.2 million credit facility comprised of a $60.0 million Revolving Credit Facility and a $3.2 million Term Loan with its existing lender, Truist (formerly BB&T). The new facility replaces the Company’s prior $30 million revolving credit facility.
  • Global Self Storage Extends and Increases Revolving Credit Facility to $15 Million
    July 6, 2021
    Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns, operates, manages, acquires, and redevelops self-storage properties, has extended its revolving credit facility with The Huntington National Bank and increased the principal amount available from $10 million to $15 million.
  • Link Auctions Launches a Global Auction Company
    July 6, 2021
    The world is going through an industrial and digital transformation whilst facing continued economic uncertainty, compelling corporations to revisit their manufacturing footprints as new technology and manufacturing techniques streamline operations. Link Auctions introduces an auction company that levels the playing field, extending global execution capabilities in equipment appraisals, industrial auctions and asset remarketing for industrial companies and financial institutions looking to streamline, transform or lean into evolving manufacturing technologies, whilst continuing to serve traditional asset classes.
  • Patriot Capital Promotes Sean Bilbrough to Vice President
    July 6, 2021
    Patriot Capital, a multi-strategy middle market investment firm, announced the promotion of Sean Bilbrough to Vice President, effective immediately. Mr. Bilbrough joined Patriot Capital in June 2018 as a Senior Associate.
  • Jeffrey Stammen to Join Antares Capital as Managing Director, Head of Investor Coverage in Asset Management
    July 8, 2021
    Antares 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.
  • Greenberg Traurig Continues Washington, D.C. Corporate Practice Expansion
    July 8, 2021
    Global 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.
  • Cadiz Completes $107.5M Refinancing Package
    July 8, 2021
    Today, 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, 2021
    Babcock & 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.
  • Impel NeuroPharma Enters Into a $50 Million Debt Financing Agreement With Oxford Finance LLC and Silicon Valley Bank
    July 7, 2021
    Impel 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.
  • GemCap Funds $7.5 Million Floorplan Facility
    July 7, 2021
    GemCap 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.”
  • Alleon Capital Partners Provides a $1,000,000 Accounts Receivable Financing Facility to a California E-commerce Company
    July 7, 2021
    Alleon 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.
  • CohnReznick Hires Aronoff and Campbell
    July 7, 2021
    CohnReznick 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.
  • Horizon Technology Finance Leads $10 Million Venture Loan to RepTrak
    July 7, 2021
    Horizon 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.
  • Platinum Equity To Acquire Water Treatment Company Solenis For $5.25 Billion
    July 7, 2021
    Platinum 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.
  • White Oak Commercial Finance Delivers $7.5 Million Accounts Receivable Facility to Peruvian Apparel Manufacturer and Exporter
    July 7, 2021
    White 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.
  • Retail Industry Veteran Bob Grosskopf Joins FrontWell Capital Partners Advisory Board
    July 7, 2021
    FrontWell 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.
  • IDS ABL Now Available on IDScloud Providing Real-Time Insight of Collateral Data
    July 7, 2021
    IDS, a leading provider of mission-critical enterprise solutions for secured finance, today announced that it has completed the migration of IDS ABL to IDScloud, a leading SaaS-based solution for secured finance. Now asset-based lenders can gain access to real-time portfolio insights to mitigate risk and ensure collateral value. The cloud also provides a more intuitive experience through the borrower portal enabling self-service funding requests and document submission.
  • Major Automotive Component & Powertrain Manufacturing Equipment Asset Sales Begin July 21
    July 7, 2021
    Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed as a selling agent for JD Norman’s assets in Germany. Two sales will take place by auction and private treaty on July 21 in Witzenhausen and September 22 in Hörselberg-Hainich that will feature over 300 and 900 assets, respectively.
  • Marathon Asset Management leads $155 Million Credit Facility to Avenger Flight Group
    July 6, 2021
    Marathon Asset Management LP ("Marathon") today announced the closing of a $155 million senior credit facility to Avenger Flight Group LLC ("AFG" or the "Company"), a leading independent provider of enterprise flight training solutions to aviation clients worldwide. Marathon anchored the loan alongside three other investment management firms. Proceeds from the financing repaid existing indebtedness and equipped the Company with growth capital as the aviation industry rebounds from the pandemic. Terms of the deal were not disclosed.
  • Davis Polk Elects Nine New Partners
    July 6, 2021
    Davis Polk has announced that Sheila Adams, Matthew Bacal, Ning Chiu, Ethan Goldman, David Hahn, Eric McLaughlin, Adam Shpeen, Travis Triano and Steve Wang have been elected partners of the Firm, effective July 1, 2021.
  • HireQuest Announces Closing of $63.2 Million Credit Facility
    July 6, 2021
    HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that the Company has closed a $63.2 million credit facility comprised of a $60.0 million Revolving Credit Facility and a $3.2 million Term Loan with its existing lender, Truist (formerly BB&T). The new facility replaces the Company’s prior $30 million revolving credit facility.
  • Global Self Storage Extends and Increases Revolving Credit Facility to $15 Million
    July 6, 2021
    Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns, operates, manages, acquires, and redevelops self-storage properties, has extended its revolving credit facility with The Huntington National Bank and increased the principal amount available from $10 million to $15 million.
  • Link Auctions Launches a Global Auction Company
    July 6, 2021
    The world is going through an industrial and digital transformation whilst facing continued economic uncertainty, compelling corporations to revisit their manufacturing footprints as new technology and manufacturing techniques streamline operations. Link Auctions introduces an auction company that levels the playing field, extending global execution capabilities in equipment appraisals, industrial auctions and asset remarketing for industrial companies and financial institutions looking to streamline, transform or lean into evolving manufacturing technologies, whilst continuing to serve traditional asset classes.
  • Patriot Capital Promotes Sean Bilbrough to Vice President
    July 6, 2021
    Patriot Capital, a multi-strategy middle market investment firm, announced the promotion of Sean Bilbrough to Vice President, effective immediately. Mr. Bilbrough joined Patriot Capital in June 2018 as a Senior Associate.
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