Commercial Finance Partners is pleased to announce a new $500,000 revolving credit facility for an oil and gas service provider. As part of Commercial Finance Partners new platform to fund both term and revolving credit facilities, the company originally provided a SBA 7(a) $5,000,000 acquisition loan to help the sponsor acquire the business.

“All of us at Republic Capital Access are honored to have been selected to be part of the Defense Department’s Trusted Capital Marketplace,” said Ed Stucky, President and CEO of Republic Capital Access.

Huntington Business Credit announced it closed a new $45,000,000 credit facility with SOL Acceptance, LLC on March 31, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.

Tiger Finance and Encina Business Credit have closed on $48.5 million in growth financing to Daytona Apparel Group, a portfolio company of Windsong Global. The revolver/term loan, arranged by Tiger Finance, will strengthen the balance sheet and support the growth strategy for popular Daytona owned and licensed brands such as Robeez, Ro+Me, Cloudveil, MISSION, Tommie Copper, Umbro, Real Tree, Stanley and Free Country, among others.

Onyx Asset Advisors, LLC, (“ONYX”) a boutique asset advisory and disposition firm, with offices in San Francisco and Los Angeles, is pleased to announce that Rick Briggs, a 40-year veteran of the financial services and asset-based lending industries, is joining its team as a managing director.

Sterling National Bank’s Franchise Group provided senior secured credit facilities totaling $16,500,000 to a North Texas based Domino’s Pizza franchisee. The credit facilities are being used to refinance existing debt and support an acquisition.

Wells Fargo & Company’s (NYSE: WFC) CEO of Consumer & Small Business Banking (CSBB) Mary Mack announced today the structure and leaders of her organization. This organizational structure is designed to focus on customers and their needs, improve customer experiences through simplified products and new digital capabilities, improve the skills and effectiveness of employees, and improve efficiency, all while building a foundation of strong risk and controls.

Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that the Company has entered into a covenant-lite term loan credit agreement, providing a Term Loan B Facility (“the Facility”) of seven years in the amount of $450 million. The interest rate under the new Facility will be determined based on LIBOR plus 2.75% with a 0.5% LIBOR floor and an issue price of 99.75.

Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced it has completed the previously announced acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million, subject to customary purchase price adjustments. Credit Suisse acted as Glatfelter’s financial advisor in connection with the transaction, and Shearman & Sterling LLP as its legal advisor.

CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $35.7 million in financing for the construction of a new 17-story multifamily development in the Clinton Hill section of Brooklyn. The building, which will house 138 mixed-income rental units, is located at 230 Classon Avenue, on the corner of Willoughby Avenue in Clinton Hill. The one- and two-bedroom units will all have balconies and 30% of the units will be offered as affordable income rentals.

Lakeview Energy, LLC. (“Lakeview”) announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners, L.P. (“Orion”) to fund process upgrades at its existing 55 million gallon per year biorefinery in Coshocton, Ohio (the “Plant”). The capital investment will provide energy savings to Lakeview and support a long-term offtake agreement with an industry leading producer of hand sanitizer and other hygiene products. Under this strategic arrangement, Lakeview will supply the offtaker with low carbon United States Pharmacopeia (“USP”) grade ethyl alcohol for use in its various product lines.

Brian Banning, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $9 million revolving line of credit facility and real estate term loan for a musical instrument sales and service company in Michigan.

UV Resources, LLC (“UVR” or the “Company”), a designer and manufacturer of industrial lighting and technology solutions, has been acquired by Madison Industries (“Madison”). Specific terms of the transaction were not disclosed. FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to UVR.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $5,400,000 in ABL/factoring financial solutions for nine new clients; Crestmark Equipment Finance provided $5,707,263 in 22 new transactions; Crestmark Vendor Finance provided $4,865,488 in 45 new transactions; and the Government Guaranteed Lending group provided $980,000 in financing for two new clients in the second half of April.

KeyBank today announced its strategic affiliation with an equity investment in XUP Payments ("XUP"), a leading payments innovator, to deliver a digital and physical merchant services experience that provides an end-to-end streamlined process for sales, onboarding, activation, and servicing.

Opportune LLP is pleased to announce that Jonathan Harms has been promoted to Managing Director. Mr. Harms brings 15 years of structuring/transaction experience in upstream and midstream capital products, commodities risk management instruments, and off-balance sheet finance structures to the firm where his principal focus will be guiding companies through the financial complexities of the existing industry environment, corporate restructurings, transactional due diligence and advising on Chapter 11 bankruptcies.

Axalta (NYSE: AXTA), a leading global coatings company, today announced it has entered into a Tenth Amendment to its Credit Agreement in order to, among other things, increase commitments available pursuant to the revolving credit facility, which is currently undrawn, from $400.0 million to $550.0 million and extend the maturity of the revolving credit facility to 2026. The Tenth Amendment is supported by a lending syndicate arranged and led by Barclays Bank PLC, as administrative and collateral agent.

JLL Capital Markets announced that it has added Tony Nargi as a Managing Director within its multihousing debt and equity placement team in Denver, Colorado. Nargi has 15 years of real estate experience and a strong background in originating and managing multi-housing real estate debt and equity transactions.

Mountain Province Diamonds Inc. today announces that it has amended and restated its credit agreement with Dunebridge Worldwide Ltd., as lender, adding a US$33.0 million term loan facility to its existing US$25.0 million revolving credit facility. In connection with this transaction, the Company was advised by its financial advisor Lazard Canada. Bennett Jones LLP acted as counsel to the Company and Stikeman Elliott LLP acted as counsel to the Independent Directors.

Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, has successfully closed the refinancing of its six vessels through a Term Loan Facility with CIT Bank, N.A., the majority proceeds of which were used to repay the Company’s loan facility with EnTrust Global’s Blue Ocean Fund.