CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megawatt solar farm in Fort Bend County, Texas. Cutlass Solar is a utility-scale project to be built about 40 miles southwest of Houston. Its sponsor, Advanced Power, is a leader in power generation with numerous projects in the U.S., Canada and Europe.

IDS, a leading provider of enterprise mission-critical solutions for the secured finance industry, recently completed its annual System and Organization Controls (SOC) audit and received validation reports for SOC 1® Type 2, SOC 2® Type 2 and SOC 3®. This was conducted by a third-party validation provider over a six-month period to demonstrate ongoing effectiveness of security controls for IDS and IDScloud.

Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a joint $2 million factoring and $750,000 inventory production finance deal for a Georgia-based importer and distributor of recreational sporting products.

The facility is secured by medical insurance accounts receivable with an advance rate of 85%. The Company is using the proceeds of the facility for working capital, a partner buyout and to facilitate its growth.

Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer our clients maximum flexibility and liquidity. We are proud to provide this overview of the financing solutions that Siena and our Siena Healthcare Finance division delivered in Q1 2021. In firm news, we made two key additions to our new business origination team, reinforcing our commitment to meeting the financing needs of clients in the Southeast and Midwest.

Anne “Annie” Mask has joined Sallyport Commercial Finance, LLC’s team as a partnership associate to help better serve its referral partners and assist prospects with sound finance solutions.

Hilco Industrial Acquisitions, an Amsterdam-based Industrial Asset Disposition and Acquisition Company, acquired all Machinery & Equipment from the Swiss-based CMO Legacy Pharmaceuticals. After several years of expansion, the Swiss company was forced to file for bankruptcy in December 2020. After decontamination of the facility, the Cantonal Insolvency Department Basel-Land organised a liquidation sale of all assets at the end of March 2021.

Cleanse www.icleanse.com, the leader in UV-C personal device disinfection, announced today that it has joined forces with CIT, a top 50 national bank, to provide low-interest financing on all iCleanse disinfection products to keep customers and staff safe from infectious pathogens. This alliance allows iCleanse to better serve its current and future customer base, who may have limited cash flow due to the year-long pandemic, making UV-C disinfection more attainable for small and large businesses alike and keeping businesses open.

Cosmo Films is a leading manufacturer and supplier of BOPP and Specialty flexible packaging films. The Company is among top BOPP and thermal films suppliers in the world with export to more than 80 countries and is expanding its base to specialty chemicals beside flexible packaging films.

LSQ, a leading provider of technology-driven working capital solutions, announced the origination of a $1.5 million facility for a growing South Carolina manufacturing company distributing DIY products to one of the largest home improvement retailers in the U.S.

exactEarth Ltd. ("the Company") (TSX: XCT), a leading provider of Satellite-AIS data services announces that it has entered into a new credit facility ("Credit Facility") that provides for a $6 million secured revolving operating line with National Bank of Canada's ("NBC") Technology and Innovation Banking Group. The Credit Facility is undrawn as of today's date.

Farmer Bros. Co. (NASDAQ: FARM) (the “Company”) announced today the finalization of a new $ 127.5 million, four-year financing arrangement, which includes an $80.0 million asset-backed revolving credit facility and $47.5 million term loan due April 2025. The financing was led by Wells Fargo Bank. In accordance with the terms of the financing agreement, the proceeds may be used for general corporate purposes and the Company may prepay amounts borrowed under the asset-backed revolving credit facility at any time without premium or penalty.

Flatbay Capital LLC (“Flatbay”) (www.flatbaycapital.com) is pleased to announce that industry veteran, Jorge Puig (formerly at Bank of America) has joined Flatbay Capital as a Managing Partner. Jorge will join the firm’s credit committee, manage part of the business development team, and collaborate with founder Elliot Smith on expanding the firm's bank relationships.

SG was able to get comfortable with the transaction due to the Company’s strong management team, blue chip customer base, enterprise value, and its supportive cap table. SG provided a $2MM senior secured facility with an interest-only period and modest amortization to payoff the bank and support the Company’s ARR growth with non-dilutive capital.

Triumph Business Capital, a member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group and provider of working capital financing solutions to small and medium-sized business, announced today the appointment of Amber Roy as chief operating officer. Roy will report to its chief executive officer, Geoff Brenner.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the elevation of Jacqueline Reyes to senior vice president, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Office of Foreign Assets Control (OFAC) officer at Peapack-Gladstone Bank.

SierraConstellation Partners (SCP), a national interim management and advisory firm to middle-market companies in transition, has hired Jim Peters, a trusted advisor to CEOs, boards and management teams for over three decades, as a Managing Director to lead the firm’s newly-formed Performance Improvement practice.

The Market Concern Loans total declined for the 12th straight month and is now off 22% from the April peak, but still up 16% from pre-pandemic levels. The current $200.9 billion total, the lowest amount since February 2020, is heavily concentrated in the Other Market At-Risk Loan Issuers at 43%, and Tier 2 Market Concern Loans at 39%. Fitch's Top Market Concern Loans list stands at $37 billion, falling 47% from the April highs.

Regions Capital Markets, a division of Regions Bank, acted as Lead Arranger and sole Administrative Agent in connection with the incremental senior secured credit facility, and Citizens Bank, N.A. and Truist Securities, Inc. acted as Joint Lead Arrangers on the credit agreement expansion.

exactEarth Ltd. ("the Company") (TSX: XCT), a leading provider of Satellite-AIS data services announces that it has entered into a new credit facility ("Credit Facility") that provides for a $6 million secured revolving operating line with National Bank of Canada's ("NBC") Technology and Innovation Banking Group. The Credit Facility is undrawn as of today's date.