• RRD Extends Its Senior Secured Asset-Based Revolving Credit Facility
    April 20, 2021
    R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced that it has completed an amendment (the “ABL Amendment”) to the credit agreement for its senior secured asset-based revolving credit facility (the “ABL Credit Facility”) with Bank of America, N.A., JPMorgan Chase Bank, N.A., PNC Bank, National Association, and Wells Fargo Bank, National Association, acting as joint lead arrangers and joint book runners for the ABL Amendment.
  • Wintrust Receivables Finance Closes new $4.75 Million Line of Credit for Logistics and Transportation Management Firm
    April 20, 2021
    Wintrust Receivables Finance announced the closing of a new $4.75 million line of credit for a provider of logistics and transportation management services. The family-owned and operated company manages both the inbound and outbound freight for a number of well-known firms in the retail and industrial food sector. The company lost its largest customer in mid-2019, and efforts to replace that revenue were delayed by the early shutdowns related to COVID-19.
  • Rezolute Announces $30 Million Debt Financing Agreement with SLR Capital Partners
    April 19, 2021
    Rezolute, Inc. (“Rezolute” or “the Company”) (Nasdaq: RZLT), a clinical stage biopharmaceutical company dedicated to advancing targeted therapies for rare and metabolic diseases with serious unmet needs, today announced that it has entered into a $30 million debt financing agreement with investment affiliates managed by SLR Capital Partners (“SLR”).
  • Insulet Announces Launch of Syndication of New Credit Facilities
    April 19, 2021
    Insulet Corporation (NASDAQ:PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod® brand of products, today announced that it has launched the syndication of new senior secured credit facilities, comprised of a senior secured revolving facility and a senior secured term loan B facility (the senior secured credit facilities).
  • Katten Appoints Kimberly Smith as Corporate Global Chair
    April 19, 2021
    Katten announced today that Kimberly Smith has been named the firm’s new global chair of its Corporate department effective immediately. Smith will lead more than 125 attorneys housed in the department and succeeds Mark R. Grossmann, who served as global chair of the group for more than a decade.
  • Stroock Adds Leading M&A and Private Equity Partner to Growing Corporate Group
    April 19, 2021
    Peter J. Rooney, a seasoned M&A and private equity lawyer with nearly 30 years of experience, has joined Stroock’s national Corporate Group as a partner in the New York Office. Peter joins Stroock from Morrison & Foerster, where he was a partner. Peter’s practice centers on representation of U.S. and multinational corporations, private equity firms and financial institutions in connection with leveraged buyouts, mergers, acquisitions, dispositions and related financings.
  • Business Capital Delivers $12 Million for California Asphalt Producer
    April 19, 2021
    BizCap® (Business Capital since 2002) structured and delivered a $12MM asset-based line of credit for a producer of asphalt sold primarily to large highway construction companies in the state of California. The Company also produces distillate and naptha, sold to local refineries for the production of gasoline. Crude oil is processed into these finished products at its own plant, which has been in operation for over 88 years.
  • J D Factors Announces Factoring Facilities
    April 19, 2021
    J D Factors announced it provided the following factoring facilities: $400,000 to a transportation company in Nova Scotia; $200,000 to a transportation company in New York; $75,000 to a transportation company in Georgia and $250,000 to a transportation company in Illinois.
  • Crestmark Provides More Than $70.5 Million in Commercial Financing to 83 Businesses in the Second Half of March
    April 19, 2021
    Crestmark secured a total of $15,150,000 in ABL/factoring financial solutions for seven new clients; Crestmark Equipment Finance provided $30,768,825 in 15 new transactions; Crestmark Vendor Finance provided $6,544,102 in 57 new transactions; and the Government Guaranteed Lending group provided $18,126,800 in financing for four new clients in the second half of March.
  • American Homes 4 Rent Announces $1.25 Billion Sustainability-Linked Revolving Credit Facility
    April 19, 2021
    American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high-quality single-family homes for rent, today announced that the Company and its operating partnership, American Homes 4 Rent, L.P. (the "Borrower"), successfully closed a $1.25 billion, sustainability-linked revolving credit facility (the "Credit Facility"), amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the Company's Credit Facility, including Wells Fargo Bank, National Association as Administrative Agent and JPMorgan Chase Bank, N.A. as Syndication Agent.
  • MONTICELLOAM, LLC Appoints New Managing Director to Take Lead of Advisory Services Team
    April 19, 2021
    MONTICELLOAM, LLC (“Monticello”), a specialized private real estate and asset-based lender, servicer and manager providing innovative capital solutions, announced that it has hired and appointed Darren Margulis as Managing Director to oversee its Advisory Services business unit, which provides lenders and financial institutions custom asset management and special servicing solutions that are specifically designed for the Seniors Housing industry.
  • Marlin Business Services Corp. Enters Into Definitive Agreement To Be Acquired by Funds Managed By HPS Investment Partners LLC
    April 19, 2021
    Marlin Business Services Corp. (NASDAQ: MRLN), a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), today announced that it has entered into a definitive agreement in which HPS Investment Partners LLC (“HPS”) will, through its European Asset Value Funds, acquire all of the Company’s outstanding shares of common stock in an all cash transaction for $23.50 per share, as potentially subject to downward adjustment discussed below, which represents a 65% premium over the closing price of Marlin’s common stock of $14.24 on April 16, 2021.
  • Siena Bolsters Commitment to Midwest Markets with Panico Hire
    April 19, 2021
    Siena Lending Group LLC ("Siena") is pleased to announce the addition of Joe Panico, bolstering the firm’s commitment to serving clients across the Midwest. Panico joins the Siena team as Director of Originations, based in Cleveland, where he will focus on providing asset-based lending (ABL) solutions for middle-market companies in Ohio, Michigan, Pennsylvania and Western New York.
  • Vornado Extends One of its Two Revolving Credit Facilities
    April 19, 2021
    The joint lead arrangers and joint bookrunners for the facility are JPMorgan Chase Bank, N.A., BofA Securities, Inc., PNC Capital Markets LLC, U.S. Bank National Association, and Wells Fargo Securities LLC. JPMorgan Chase Bank, N.A. serves as Administrative Agent and J.P. Morgan Securities LLC serves as Sustainability Structuring Agent. Bank of America, N.A., PNC Bank, National Association, U.S. Bank National Association and Wells Fargo Bank, National Association serve as Co-Syndication Agents.
  • SLR Business Credit Funds Veterinary Supplies Company
    April 19, 2021
    SLR Business Credit announced it provided a $12 million asset-based revolving line of credit to a distributor of veterinary medicine and supplies. Working through an investment banking group, the owners of this veterinary supplies company in Nebraska were introduced to SLR Business Credit to refinance existing bank debt and provide additional working capital to support growth.
  • Alleon Healthcare Capital Announces Recent Financings
    April 19, 2021
    Alleon Healthcare Capital is proud to announce the following recent additions to its healthcare providers financing portfolio: $25 million infusion pharmacy, $2.5 million for a home healthcare provider, $1 million for a genetic testing laboratory...
  • Marco Completes Funding for Another Staffing Company
    April 19, 2021
    Marco Capital Inc. established a $600K factoring facility for a New York based staffing company specializing in providing global technology firms with temporary personnel. Building the business and extending terms to its customers was stretching out cash flow and impacting further growth.
  • Haversine Funding Announces Recent Transactions
    April 19, 2021
    Haversine Funding announced the following recently closed transactions: $3,000,000 participation in a medical receivables asset-based loan for an infusion pharmacy; $150,000 factoring participation in a telecommunications infrastructure services firm; $1 million subordinated debt facility to support the growth of a staffing factor and $5.6 million senior secured funding for a commercial real estate loan to a sawmill.
  • JLL Maintains Strong Financial Profile and Liquidity with Renewed Credit Facility
    April 19, 2021
    Jones Lang LaSalle Incorporated (NYSE:JLL) has amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. BMO Capital Markets Corp. and BofA Securities, Inc. were Joint Lead Arrangers for this transaction. In addition, HSBC Securities (USA) Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC were Joint Bookrunners for this transaction.
  • General Mills Becomes First U.S. Consumer Packaged Goods Company to Enter Into a Sustainability-Linked Revolving Credit Facility
    April 19, 2021
    The amendment extends the maturity of the credit facility to 2026 and includes 20 of the company’s banking partners. Joint lead arrangers and joint book runners on this transaction include BofA Securities, Inc., JPMorgan Chase Bank, Barclays Bank PLC, Citibank, N.A, Deutsche Bank Securities Inc., and BNP Paribas. BofA Securities, Inc. is acting as the Sustainability Coordinator.
  • RRD Extends Its Senior Secured Asset-Based Revolving Credit Facility
    April 20, 2021
    R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today announced that it has completed an amendment (the “ABL Amendment”) to the credit agreement for its senior secured asset-based revolving credit facility (the “ABL Credit Facility”) with Bank of America, N.A., JPMorgan Chase Bank, N.A., PNC Bank, National Association, and Wells Fargo Bank, National Association, acting as joint lead arrangers and joint book runners for the ABL Amendment.
  • Wintrust Receivables Finance Closes new $4.75 Million Line of Credit for Logistics and Transportation Management Firm
    April 20, 2021
    Wintrust Receivables Finance announced the closing of a new $4.75 million line of credit for a provider of logistics and transportation management services. The family-owned and operated company manages both the inbound and outbound freight for a number of well-known firms in the retail and industrial food sector. The company lost its largest customer in mid-2019, and efforts to replace that revenue were delayed by the early shutdowns related to COVID-19.
  • Rezolute Announces $30 Million Debt Financing Agreement with SLR Capital Partners
    April 19, 2021
    Rezolute, Inc. (“Rezolute” or “the Company”) (Nasdaq: RZLT), a clinical stage biopharmaceutical company dedicated to advancing targeted therapies for rare and metabolic diseases with serious unmet needs, today announced that it has entered into a $30 million debt financing agreement with investment affiliates managed by SLR Capital Partners (“SLR”).
  • Insulet Announces Launch of Syndication of New Credit Facilities
    April 19, 2021
    Insulet Corporation (NASDAQ:PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod® brand of products, today announced that it has launched the syndication of new senior secured credit facilities, comprised of a senior secured revolving facility and a senior secured term loan B facility (the senior secured credit facilities).
  • Katten Appoints Kimberly Smith as Corporate Global Chair
    April 19, 2021
    Katten announced today that Kimberly Smith has been named the firm’s new global chair of its Corporate department effective immediately. Smith will lead more than 125 attorneys housed in the department and succeeds Mark R. Grossmann, who served as global chair of the group for more than a decade.
  • Stroock Adds Leading M&A and Private Equity Partner to Growing Corporate Group
    April 19, 2021
    Peter J. Rooney, a seasoned M&A and private equity lawyer with nearly 30 years of experience, has joined Stroock’s national Corporate Group as a partner in the New York Office. Peter joins Stroock from Morrison & Foerster, where he was a partner. Peter’s practice centers on representation of U.S. and multinational corporations, private equity firms and financial institutions in connection with leveraged buyouts, mergers, acquisitions, dispositions and related financings.
  • Business Capital Delivers $12 Million for California Asphalt Producer
    April 19, 2021
    BizCap® (Business Capital since 2002) structured and delivered a $12MM asset-based line of credit for a producer of asphalt sold primarily to large highway construction companies in the state of California. The Company also produces distillate and naptha, sold to local refineries for the production of gasoline. Crude oil is processed into these finished products at its own plant, which has been in operation for over 88 years.
  • J D Factors Announces Factoring Facilities
    April 19, 2021
    J D Factors announced it provided the following factoring facilities: $400,000 to a transportation company in Nova Scotia; $200,000 to a transportation company in New York; $75,000 to a transportation company in Georgia and $250,000 to a transportation company in Illinois.
  • Crestmark Provides More Than $70.5 Million in Commercial Financing to 83 Businesses in the Second Half of March
    April 19, 2021
    Crestmark secured a total of $15,150,000 in ABL/factoring financial solutions for seven new clients; Crestmark Equipment Finance provided $30,768,825 in 15 new transactions; Crestmark Vendor Finance provided $6,544,102 in 57 new transactions; and the Government Guaranteed Lending group provided $18,126,800 in financing for four new clients in the second half of March.
  • American Homes 4 Rent Announces $1.25 Billion Sustainability-Linked Revolving Credit Facility
    April 19, 2021
    American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high-quality single-family homes for rent, today announced that the Company and its operating partnership, American Homes 4 Rent, L.P. (the "Borrower"), successfully closed a $1.25 billion, sustainability-linked revolving credit facility (the "Credit Facility"), amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the Company's Credit Facility, including Wells Fargo Bank, National Association as Administrative Agent and JPMorgan Chase Bank, N.A. as Syndication Agent.
  • MONTICELLOAM, LLC Appoints New Managing Director to Take Lead of Advisory Services Team
    April 19, 2021
    MONTICELLOAM, LLC (“Monticello”), a specialized private real estate and asset-based lender, servicer and manager providing innovative capital solutions, announced that it has hired and appointed Darren Margulis as Managing Director to oversee its Advisory Services business unit, which provides lenders and financial institutions custom asset management and special servicing solutions that are specifically designed for the Seniors Housing industry.
  • Marlin Business Services Corp. Enters Into Definitive Agreement To Be Acquired by Funds Managed By HPS Investment Partners LLC
    April 19, 2021
    Marlin Business Services Corp. (NASDAQ: MRLN), a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), today announced that it has entered into a definitive agreement in which HPS Investment Partners LLC (“HPS”) will, through its European Asset Value Funds, acquire all of the Company’s outstanding shares of common stock in an all cash transaction for $23.50 per share, as potentially subject to downward adjustment discussed below, which represents a 65% premium over the closing price of Marlin’s common stock of $14.24 on April 16, 2021.
  • Siena Bolsters Commitment to Midwest Markets with Panico Hire
    April 19, 2021
    Siena Lending Group LLC ("Siena") is pleased to announce the addition of Joe Panico, bolstering the firm’s commitment to serving clients across the Midwest. Panico joins the Siena team as Director of Originations, based in Cleveland, where he will focus on providing asset-based lending (ABL) solutions for middle-market companies in Ohio, Michigan, Pennsylvania and Western New York.
  • Vornado Extends One of its Two Revolving Credit Facilities
    April 19, 2021
    The joint lead arrangers and joint bookrunners for the facility are JPMorgan Chase Bank, N.A., BofA Securities, Inc., PNC Capital Markets LLC, U.S. Bank National Association, and Wells Fargo Securities LLC. JPMorgan Chase Bank, N.A. serves as Administrative Agent and J.P. Morgan Securities LLC serves as Sustainability Structuring Agent. Bank of America, N.A., PNC Bank, National Association, U.S. Bank National Association and Wells Fargo Bank, National Association serve as Co-Syndication Agents.
  • SLR Business Credit Funds Veterinary Supplies Company
    April 19, 2021
    SLR Business Credit announced it provided a $12 million asset-based revolving line of credit to a distributor of veterinary medicine and supplies. Working through an investment banking group, the owners of this veterinary supplies company in Nebraska were introduced to SLR Business Credit to refinance existing bank debt and provide additional working capital to support growth.
  • Alleon Healthcare Capital Announces Recent Financings
    April 19, 2021
    Alleon Healthcare Capital is proud to announce the following recent additions to its healthcare providers financing portfolio: $25 million infusion pharmacy, $2.5 million for a home healthcare provider, $1 million for a genetic testing laboratory...
  • Marco Completes Funding for Another Staffing Company
    April 19, 2021
    Marco Capital Inc. established a $600K factoring facility for a New York based staffing company specializing in providing global technology firms with temporary personnel. Building the business and extending terms to its customers was stretching out cash flow and impacting further growth.
  • Haversine Funding Announces Recent Transactions
    April 19, 2021
    Haversine Funding announced the following recently closed transactions: $3,000,000 participation in a medical receivables asset-based loan for an infusion pharmacy; $150,000 factoring participation in a telecommunications infrastructure services firm; $1 million subordinated debt facility to support the growth of a staffing factor and $5.6 million senior secured funding for a commercial real estate loan to a sawmill.
  • JLL Maintains Strong Financial Profile and Liquidity with Renewed Credit Facility
    April 19, 2021
    Jones Lang LaSalle Incorporated (NYSE:JLL) has amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. BMO Capital Markets Corp. and BofA Securities, Inc. were Joint Lead Arrangers for this transaction. In addition, HSBC Securities (USA) Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC were Joint Bookrunners for this transaction.
  • General Mills Becomes First U.S. Consumer Packaged Goods Company to Enter Into a Sustainability-Linked Revolving Credit Facility
    April 19, 2021
    The amendment extends the maturity of the credit facility to 2026 and includes 20 of the company’s banking partners. Joint lead arrangers and joint book runners on this transaction include BofA Securities, Inc., JPMorgan Chase Bank, Barclays Bank PLC, Citibank, N.A, Deutsche Bank Securities Inc., and BNP Paribas. BofA Securities, Inc. is acting as the Sustainability Coordinator.
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