J D Factors announced it recently provided the following factoring facilities: $150,000 to a transportation company in New Jersey; $150,000 to a transportation company in Illinois; $150,000 to a transportation company in Ontario; $100,000 to a transportation company in California

Capital One announced its Medical Office team, part of the Capital One Healthcare Real Estate business, closed 43 deals totaling about $2.5 billion throughout 2020. The team funded transactions ranging from $15 million single-asset loans to $1 billion value portfolios across medical office buildings, medical properties, life science transactions and healthcare REIT lending. Since 2010, this team–which was acquired in 2015 by Capital One from GE Capital Healthcare Financial Services–has financed in excess of $18 billion in balance sheet debt in the medical office and life sciences space.

Sallyport Commercial Finance provided a $7.0 mm accounts receivable financing facility to a supplier of high-efficiency solar panels. Our client had a choice between a lower priced bank line with limitations or a more flexible facility from Sallyport. They choose growth and the confidence in partnering with Sallyport to help achieve their hopes and dreams.

The March trailing 12-month institutional leveraged loan default rate stands at 3.9%, according to a new Fitch Ratings report. "The current 2021 forecast is 4.5%, but if market access remains as open and issuer-friendly as it has been, the rate will probably finish even lower," said Eric Rosenthal Senior Director of Leveraged Finance.

The Office of the Comptroller of the Currency (OCC) today named seven new members to its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC advises the OCC on steps it can take to ensure the continued health and viability of minority depository institutions and other issues of concern to these institutions.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Karen Nevins has joined the firm as Head of Strategic Growth & Marketing for its rapidly growing Transactions & Turnaround Advisory practice. This new role comes on the heels of a period of rapid expansion for the practice, including strategic hires in key geographies. In 2020, CohnReznick’s Transactions & Turnaround Advisory also earned several prestigious awards including Top Transaction Advisory Firm (Global M&A Network), Turnaround and Transaction of the Year (Turnaround Management Association) and Out-of-Court Restructuring of the Year (Turnaround Atlas Awards).

Express is thrilled to announce and fossilize the completion of a $9,700,000 standby letter of credit (SBLC) facility. The facility fueled a commodity trader’s purchase of petroleum from a Canadian supplier. The facility was executed early in the first quarter of 2021 and covers ongoing shipments over a 12-month period.

Despite market uncertainty at the height of the pandemic, positive economic sentiments have sharply rebounded in 2021. 59% of sponsors and 74% of investors are confident in the global economy over the next 12 months, up dramatically from 24% and 55% for the same groups, respectively, in 2020. Participants also report a 2021 recession is “very unlikely” despite lingering levels of financial stress in borrower portfolios.

In this role, Desai is responsible for managing client relationships and is actively involved in new business development, working with colleagues in the New York, North Carolina, and Los Angeles offices.

Alan Turner is appointed Head of Commercial Banking effective today, succeeding Linda Seymour who took on the role of President and Chief Executive Officer of HSBC Bank Canada in September 2020. In this role, Turner has responsibility for HSBC’s Large Corporates and Small and Medium Enterprise banking segments, as well as leading Global Trade and Receivables Finance in Canada.

Citigroup, JPMorgan Chase Bank, BofA Securities and Wells Fargo Securities are the joint lead arrangers and joint book managers, the planemaker said here on Monday.

Pathlight Capital announced it is serving as the FILO Agent on the recently funded $17.5 million first-in, last-out ("FILO") term loan facility for Destination XL Group, Inc. ("DXL" or the "Company"), the largest omni-channel specialty retailer of big and tall men's apparel. In addition to DXL Big + Tall, the Company also operates Casual Male XL retail and outlet stores and e-commerce sites including DXL.com.

Ankura Consulting, LLC ("Ankura" or the "Company"), a global provider of a broad range of consulting services, announced today that it has completed a broadly syndicated upsizing and refinancing of its debt facilities with a new $465 million first lien term loan, a new $175 million second lien term loan, and a new $70 million revolver. The refinancing will realign the Company's capital structure and financial flexibility for future growth.

Cornerstone Building Brands, Inc. (NYSE: CNR) (the “Company”), the largest manufacturer of exterior building products, today announced its intention to amend and refinance its senior credit facilities, upsize, amend and extend the exiting Term Loan B, and pay down the existing 8.00% senior unsecured notes with cash from the balance sheet and proceeds from the upsized facility.

CNH Finance is pleased to announce recent financings supporting healthcare providers, food packaging and data analytics companies. Recent financings include revolving line of credit facilities secured by AR, Inventory, Bridge to HUD term debt and term debt supported by cash flow.

White Oak Healthcare MOB REIT today announces the acquisition of seven medical office buildings in five states. The seven assets total 67,110 SF and are 100% leased to Fresenius and DaVita affiliates. The acquisition includes five Fresenius facilities in Berwyn, Illinois, Columbia, South Carolina, Little Rock, Arkansas, Solon, Ohio, and Birmingham, Alabama; as well as two DaVita facilities in Rockford, Illinois. All are located within close proximity to major medical districts.

RTI Holding Company, LLC (“Ruby Tuesday” or the “Company”) has emerged from bankruptcy through a consensual plan of reorganization under which the Company will be acquired by its lenders, TCW Direct Lending LLC (“TCW”) and Goldman Sachs Specialty Lending Group, L.P. (“GS”). FocalPoint Securities, LLC (“FocalPoint”) acted as the Company’s exclusive financial advisor in connection with this transaction.

Prestige Capital Finance, LLC recently delivered $5,000,000 in working capital to an Arizona-based, Audio Visual (AV) firm that specializes in designing, building and installing cutting-edge AV systems for auditoriums, corporate boardrooms, classrooms and more.

Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a California based distributor of construction materials. The proceeds were used to provide additional growth capital.

SG Credit Partners announced it provided $1.25 million for a single-asset real estate holding company owned by a prominent carwash company in the Midwest. The carwash company is just one subsidiary of a broader investment company with interests in a multitude of industries. SG underwrote the real estate as well as the personal guarantees of the two founders, who maintained significant outside personal liquidity as well as equity in various real estate and business holdings.