• CapitalPlus Launches New Materials Financing Product
    March 29, 2021
    CapitalPlus Construction Services, a leading provider of accounts receivable financing for the construction industry, has launched a new Materials Financing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital.
  • A&G To Auction Industrial Redevelopment Parcel in Hammond, Indiana
    March 29, 2021
    A&G Real Estate Partners is now accepting bids for a 19.34-acre industrial parcel located approximately five miles from the Indiana/Illinois border and 25 miles from downtown Chicago. The bid deadline in the bankruptcy sale of the Hammond, Indiana, property is April 16.
  • Cerebro Capital Partners With Stanford's Ken Singleton
    March 29, 2021
    Cerebro Capital, a commercial loan marketplace platform, today announced a partnership with Ken Singleton, Adams Distinguished Professor of Management at the Graduate School of Business at Stanford University. Together, Cerebro and Singleton will study activity on the middle market and create analysis and content to help both borrowers and lenders better understand movements and drivers within the credit market.
  • Slate Asset Management Announces $2.33 Billion Portfolio and Platform Acquisition from Annaly Capital Management, Inc.
    March 29, 2021
    BMO Capital Markets is serving as financial advisor and Goodwin Procter LLP and McCarthy Tétrault LLP as legal advisors to Slate. Evercore is serving as financial advisor and Ropes & Gray LLP as legal advisor to Annaly.
  • Vireo Health Closes First Tranche of Debt Financing with Green Ivy Capital
    March 29, 2021
    Vireo Health International Inc., ("Vireo" or the "Company") (CNSX: VREO,OTCQX: VREOF), the leading physician-led, science-focused multi-state cannabis company, today announced that it has closed on the first tranche of the previously-announced senior secured, delayed draw term loan (the "Credit Facility") with Chicago Atlantic Group (the "agent"), an affiliate of Green Ivy Capital, and a group of lenders.
  • MidCap Business Credit Provides $8 Million Credit Facility for Manufacturer of Precision Components and Assemblies
    March 29, 2021
    MidCap Business Credit announced today they have closed on an $8,000,000 asset-based credit facility for a manufacturer of precision components and assemblies in the aerospace and defense industry.
  • Moritt Hock & Hamroff Welcomes Scott K. Levine As Counsel
    March 29, 2021
    The law firm of Moritt Hock & Hamroff has announced that Scott K. Levine has joined the firm as Counsel. Mr. Levine will continue his practice in the firm's Creditors' Rights, Restructuring & Bankruptcy and Secured Lending, Equipment & Transportation Finance practice groups. Prior to joining Moritt Hock & Hamroff, Mr. Levine served as the managing partner of Platzer, Swergold, Levine, Goldberg, Katz & Jaslow LLP in New York City.
  • Helbiz Announces $15 Million Secured Term Loan Facility
    March 25, 2021
    Helbiz Inc., a micro-mobility leader, which has entered into an agreement to merge with GreenVision Acquisition Corp. (Nasdaq: GRNV), today announced it has entered into a $15.0 million secured term loan facility with an institutional lender. The loan was funded in full on March 23, 2021.
  • Angelo Gordon Bolsters Structured Credit Team With Senior Hires
    March 25, 2021
    Nicholas Smith, former Head of Non-Agency Residential Mortgage Trading and Asset-Backed Securities Trading at Bank of America Securities, has joined the Firm as Managing Director to lead the Firm’s whole loan business and expand the team’s capability across multiple asset classes. Rodney Hutter, former Managing Director and Head of Originations in the Structured Lending Group at Waterfall Asset Management, has joined the Firm as Managing Director responsible for private credit origination.
  • Drip Capital Closes $40M Committed Warehouse Credit Facility from East West Bancorp to Facilitate Trade Finance to Small Businesses
    March 25, 2021
    Drip Capital, a leading Fintech provider of cross-border trade finance, and East-West Bank (EWB), announce a US$ 40M committed credit facility for the expansion of Drip's trade finance solutions to small and medium-sized businesses (SMBs). Drip Capital closes $40M Committed Warehouse Credit Facility from East West Bancorp to facilitate trade finance to small businesses.
  • ING to Appoint Andrew Bester as Head of Wholesale Banking and Member of the Management Board Banking
    March 25, 2021
    ING announced today that Andrew Bester will be appointed member of the Management Board Banking and head of Wholesale Banking. Andrew takes up his position on 6 April 2021, succeeding Isabel Fernandez, who stepped down effective 31 December 2020. Andrew Bester (British/South African) has broad and deep banking experience, managing and transforming wholesale, retail and SME banking businesses across different geographies and economic cycles.
  • CIBC Innovation Banking Provides MayStreet with $10 Million in Growth Financing
    March 25, 2021
    CIBC Innovation Banking is pleased to announce a $10 million credit facility for New York-based MayStreet Inc. (“MayStreet”), an industry-leading market data technology and content provider. The credit facility is available to help the rapidly growing fintech firm further scale its business. Founded in 2012, MayStreet offers market data technology that delivers high-quality global market data to enable data-driven decision-making.
  • U.S. Bank Names Derek Martin St. Louis Market President
    March 25, 2021
    U.S. Bank announced today that Derek Martin has been named St. Louis market president, succeeding Larry Otto, who retired on March 19, 2021. For 20 years, Martin has successfully managed a deep and diverse portfolio of middle-market companies, ranging from manufacturing and retail to distribution and transportation. With this new role, he will lead the Commercial Banking group in the St. Louis market and direct U.S. Bank initiatives across the region.
  • CIT Northbridge Names Business Development Leader for Western U.S.
    March 25, 2021
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has named Sandy Thomson as a managing director for business development activities across the western United States. Thomson, based in Los Angeles, will be responsible for sourcing new asset-based loan opportunities ranging from $15 million to $150 million. In most cases, these credit facilities will be available to business borrowers that may not currently fit the profile required by regulated institutional lenders.
  • Monroe Capital Supports Mammoth Holdings LLC’s Acquisition of Lulu’s Express
    March 25, 2021
    Monroe Capital LLC today announced an increase in its credit facility to Mammoth Holdings, LLC (“Mammoth”) to support the acquisition of Lulu’s Express (“Lulu’s”). In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzker’s family business interests (advised by The Pritzker Organization), provides the equity for Mammoth’s corporate development initiatives.
  • NN, Inc. Announces Successful $265 Million Financing
    March 24, 2021
    J.P. Morgan acted as administrative agent, sole bookrunner and sole lead arranger on the asset based credit line, advised on the term loan, and served as sole placement agent on the preferred issuance. Bass, Berry & Sims PLC served as legal counsel to the Company on the transaction. Gibson, Dunn & Crutcher LLP served as legal counsel to Morgan Stanley Tactical Value.
  • Harborside Secures $12 Million Revolving Credit Facility
    March 24, 2021
    Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today announced it has entered into a loan financing arrangement with a commercial federally regulated bank (the "Bank"), in the amount of US$12 million (the "Loan") pursuant to a senior secured revolving credit facility (the "Credit Facility") due March 2024.
  • Global Eagle Successfully Completes Sale to Investor Group and Operations Emerge from Restructuring Process
    March 24, 2021
    Latham & Watkins LLP is serving as the Company’s legal counsel. Greenhill & Co., Inc. is serving as the Company’s financial advisor and Alvarez & Marsal is serving as the Company’s restructuring advisor. Gibson, Dunn & Crutcher LLP is serving as legal counsel to the ad hoc first lien lender group and new owners of the Company. Rothschild & Co is serving as financial advisor to the ad hoc first lien lender group and new owners of the Company.
  • Biodesix Announces Closing of New $30 Million Term Loan
    March 24, 2021
    Biodesix, Inc. (NASDAQ: BDSX; “Biodesix” or the “Company”) a leading data-driven diagnostic solutions company with a focus in lung disease, announced today that it has closed on a new $30 million term loan (New Term Loan) which matures on March 1, 2026. Biodesix used the proceeds to repay outstanding borrowings of $25.9 million under the Company’s existing term loan with Innovatus Life Sciences Lending Fund I, LP (Innovatus), which was terminated upon payment.
  • TAB Bank Provides Transportation Factoring Company in Michigan with a $5 Million Rediscount Credit Facility
    March 24, 2021
    TAB Bank is pleased to announce it has provided a $5 million rediscount credit facility for a trucking factoring company based in Michigan. The facility is based on a multi-year agreement and will provide the means necessary to grow and expand the company’s growing portfolio.
  • CapitalPlus Launches New Materials Financing Product
    March 29, 2021
    CapitalPlus Construction Services, a leading provider of accounts receivable financing for the construction industry, has launched a new Materials Financing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital.
  • A&G To Auction Industrial Redevelopment Parcel in Hammond, Indiana
    March 29, 2021
    A&G Real Estate Partners is now accepting bids for a 19.34-acre industrial parcel located approximately five miles from the Indiana/Illinois border and 25 miles from downtown Chicago. The bid deadline in the bankruptcy sale of the Hammond, Indiana, property is April 16.
  • Cerebro Capital Partners With Stanford's Ken Singleton
    March 29, 2021
    Cerebro Capital, a commercial loan marketplace platform, today announced a partnership with Ken Singleton, Adams Distinguished Professor of Management at the Graduate School of Business at Stanford University. Together, Cerebro and Singleton will study activity on the middle market and create analysis and content to help both borrowers and lenders better understand movements and drivers within the credit market.
  • Slate Asset Management Announces $2.33 Billion Portfolio and Platform Acquisition from Annaly Capital Management, Inc.
    March 29, 2021
    BMO Capital Markets is serving as financial advisor and Goodwin Procter LLP and McCarthy Tétrault LLP as legal advisors to Slate. Evercore is serving as financial advisor and Ropes & Gray LLP as legal advisor to Annaly.
  • Vireo Health Closes First Tranche of Debt Financing with Green Ivy Capital
    March 29, 2021
    Vireo Health International Inc., ("Vireo" or the "Company") (CNSX: VREO,OTCQX: VREOF), the leading physician-led, science-focused multi-state cannabis company, today announced that it has closed on the first tranche of the previously-announced senior secured, delayed draw term loan (the "Credit Facility") with Chicago Atlantic Group (the "agent"), an affiliate of Green Ivy Capital, and a group of lenders.
  • MidCap Business Credit Provides $8 Million Credit Facility for Manufacturer of Precision Components and Assemblies
    March 29, 2021
    MidCap Business Credit announced today they have closed on an $8,000,000 asset-based credit facility for a manufacturer of precision components and assemblies in the aerospace and defense industry.
  • Moritt Hock & Hamroff Welcomes Scott K. Levine As Counsel
    March 29, 2021
    The law firm of Moritt Hock & Hamroff has announced that Scott K. Levine has joined the firm as Counsel. Mr. Levine will continue his practice in the firm's Creditors' Rights, Restructuring & Bankruptcy and Secured Lending, Equipment & Transportation Finance practice groups. Prior to joining Moritt Hock & Hamroff, Mr. Levine served as the managing partner of Platzer, Swergold, Levine, Goldberg, Katz & Jaslow LLP in New York City.
  • Helbiz Announces $15 Million Secured Term Loan Facility
    March 25, 2021
    Helbiz Inc., a micro-mobility leader, which has entered into an agreement to merge with GreenVision Acquisition Corp. (Nasdaq: GRNV), today announced it has entered into a $15.0 million secured term loan facility with an institutional lender. The loan was funded in full on March 23, 2021.
  • Angelo Gordon Bolsters Structured Credit Team With Senior Hires
    March 25, 2021
    Nicholas Smith, former Head of Non-Agency Residential Mortgage Trading and Asset-Backed Securities Trading at Bank of America Securities, has joined the Firm as Managing Director to lead the Firm’s whole loan business and expand the team’s capability across multiple asset classes. Rodney Hutter, former Managing Director and Head of Originations in the Structured Lending Group at Waterfall Asset Management, has joined the Firm as Managing Director responsible for private credit origination.
  • Drip Capital Closes $40M Committed Warehouse Credit Facility from East West Bancorp to Facilitate Trade Finance to Small Businesses
    March 25, 2021
    Drip Capital, a leading Fintech provider of cross-border trade finance, and East-West Bank (EWB), announce a US$ 40M committed credit facility for the expansion of Drip's trade finance solutions to small and medium-sized businesses (SMBs). Drip Capital closes $40M Committed Warehouse Credit Facility from East West Bancorp to facilitate trade finance to small businesses.
  • ING to Appoint Andrew Bester as Head of Wholesale Banking and Member of the Management Board Banking
    March 25, 2021
    ING announced today that Andrew Bester will be appointed member of the Management Board Banking and head of Wholesale Banking. Andrew takes up his position on 6 April 2021, succeeding Isabel Fernandez, who stepped down effective 31 December 2020. Andrew Bester (British/South African) has broad and deep banking experience, managing and transforming wholesale, retail and SME banking businesses across different geographies and economic cycles.
  • CIBC Innovation Banking Provides MayStreet with $10 Million in Growth Financing
    March 25, 2021
    CIBC Innovation Banking is pleased to announce a $10 million credit facility for New York-based MayStreet Inc. (“MayStreet”), an industry-leading market data technology and content provider. The credit facility is available to help the rapidly growing fintech firm further scale its business. Founded in 2012, MayStreet offers market data technology that delivers high-quality global market data to enable data-driven decision-making.
  • U.S. Bank Names Derek Martin St. Louis Market President
    March 25, 2021
    U.S. Bank announced today that Derek Martin has been named St. Louis market president, succeeding Larry Otto, who retired on March 19, 2021. For 20 years, Martin has successfully managed a deep and diverse portfolio of middle-market companies, ranging from manufacturing and retail to distribution and transportation. With this new role, he will lead the Commercial Banking group in the St. Louis market and direct U.S. Bank initiatives across the region.
  • CIT Northbridge Names Business Development Leader for Western U.S.
    March 25, 2021
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has named Sandy Thomson as a managing director for business development activities across the western United States. Thomson, based in Los Angeles, will be responsible for sourcing new asset-based loan opportunities ranging from $15 million to $150 million. In most cases, these credit facilities will be available to business borrowers that may not currently fit the profile required by regulated institutional lenders.
  • Monroe Capital Supports Mammoth Holdings LLC’s Acquisition of Lulu’s Express
    March 25, 2021
    Monroe Capital LLC today announced an increase in its credit facility to Mammoth Holdings, LLC (“Mammoth”) to support the acquisition of Lulu’s Express (“Lulu’s”). In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzker’s family business interests (advised by The Pritzker Organization), provides the equity for Mammoth’s corporate development initiatives.
  • NN, Inc. Announces Successful $265 Million Financing
    March 24, 2021
    J.P. Morgan acted as administrative agent, sole bookrunner and sole lead arranger on the asset based credit line, advised on the term loan, and served as sole placement agent on the preferred issuance. Bass, Berry & Sims PLC served as legal counsel to the Company on the transaction. Gibson, Dunn & Crutcher LLP served as legal counsel to Morgan Stanley Tactical Value.
  • Harborside Secures $12 Million Revolving Credit Facility
    March 24, 2021
    Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today announced it has entered into a loan financing arrangement with a commercial federally regulated bank (the "Bank"), in the amount of US$12 million (the "Loan") pursuant to a senior secured revolving credit facility (the "Credit Facility") due March 2024.
  • Global Eagle Successfully Completes Sale to Investor Group and Operations Emerge from Restructuring Process
    March 24, 2021
    Latham & Watkins LLP is serving as the Company’s legal counsel. Greenhill & Co., Inc. is serving as the Company’s financial advisor and Alvarez & Marsal is serving as the Company’s restructuring advisor. Gibson, Dunn & Crutcher LLP is serving as legal counsel to the ad hoc first lien lender group and new owners of the Company. Rothschild & Co is serving as financial advisor to the ad hoc first lien lender group and new owners of the Company.
  • Biodesix Announces Closing of New $30 Million Term Loan
    March 24, 2021
    Biodesix, Inc. (NASDAQ: BDSX; “Biodesix” or the “Company”) a leading data-driven diagnostic solutions company with a focus in lung disease, announced today that it has closed on a new $30 million term loan (New Term Loan) which matures on March 1, 2026. Biodesix used the proceeds to repay outstanding borrowings of $25.9 million under the Company’s existing term loan with Innovatus Life Sciences Lending Fund I, LP (Innovatus), which was terminated upon payment.
  • TAB Bank Provides Transportation Factoring Company in Michigan with a $5 Million Rediscount Credit Facility
    March 24, 2021
    TAB Bank is pleased to announce it has provided a $5 million rediscount credit facility for a trucking factoring company based in Michigan. The facility is based on a multi-year agreement and will provide the means necessary to grow and expand the company’s growing portfolio.