• Fora Financial Announces New Senior Credit Facility, Borrowing Capacity Increases to Up to $150 Million
    April 5, 2021
    Fora Financial, a leading provider of flexible working capital to small- and medium-sized businesses nationwide, announced today the closing of a $100 million revolving credit facility with Credit Suisse and Hudson Cove Capital Management. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the debt facility, which will give the company up to $150 million of borrowing capacity over the next two years.
  • Jennifer Rabinowitz Joins Ritchie Bros. as a National Strategic Accounts Manager in the Bankruptcy and Insolvency Group
    April 5, 2021
    Jennifer Rabinowitz has joined Ritchie Bros. as a National Strategic Accounts Manager in the Bankruptcy and Insolvency Group. She will be responsible for developing custom solutions for complex situations with regard to asset valuations and liquidations. Ms. Rabinowitz brings three decades of sales and marketing experience, with 20 years focused specifically in the financial services space.
  • Goulston & Storrs Announces 2021 Partner Elevations
    April 1, 2021
    Goulston & Storrs, an Am Law 200 firm, has promoted five attorneys to partner, Timothy John Carter, Brian W. Dugdale, George W. Evans, III, Philip E. Tedesco, and Megan Watts. "We are thrilled to elevate these five talented attorneys to director," said Bill Dillon, Co-Managing Director at Goulston & Storrs. "Each one has proven themselves invaluable to our firm and our clients, and we look forward to their continued success as members of our firm's partnership."
  • Burns & Levinson Elects Three Attorneys to Partnership
    April 1, 2021
    Burns & Levinson LLP has elected three attorneys – Caitlin Barrett, Laura Lee Mittelman, and Bryan Natale – to the firm's partnership effective April 1. "We are excited to welcome these three attorneys to the firm's partnership. They are all talented attorneys who have worked hard to reach this important milestone in their careers," said managing partner David P. Rosenblatt. "We look forward to their continuing contributions as partners for many years to come."
  • Ares Management to Acquire Landmark Partners for $1.08B
    April 1, 2021
    Ares Management Corp. said it has struck an agreement with a BrightSphere Investment Group Inc. subsidiary and Landmark Investment Holdings LP to buy Landmark Partners LLC, an investor that acquires secondary private fund ownership stakes, for $1.08 billion.
  • Neuberger Berman MLP And Energy Income Fund Announces Amendment To Leverage Facility And Declaration Of Monthly Distribution
    April 1, 2021
    Neuberger Berman MLP and Energy Income Fund Inc. (NYSE American: NML) (the "Fund") announced today that it has amended its revolving credit facility (the "Facility") to increase the amount of available debt financing in order to bring it more in line with the Fund's current asset level. Under the amended terms of the Facility, the lender's total commitment increased from $50 million to $75 million, the commitment fee and spread-component of the interest rate were lowered and the duration of the Facility was extended, among other changes.
  • Full House Resorts Announces $15.0 Million Senior Secured Revolving Credit Facility
    April 1, 2021
    Full House Resorts, Inc. (Nasdaq: FLL) announced today that it has entered into an agreement for a five-year, senior secured revolving credit facility. The $15.0 million credit facility may be used for working capital, letters of credit, and other ongoing general purposes.
  • Fluent Announces New $65 Million Credit Facility
    April 1, 2021
    Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today announced the entry into a new five-year credit agreement, consisting of a $50.0 million term loan and a revolving credit facility of up to $15.0 million, provided by Citizens Bank, N.A., as administrative agent, lead arranger and bookrunner, and BankUnited, N.A. and Silicon Valley Bank.
  • Gordon Brothers Provides Secured Credit Facility to Nicole Miller
    April 1, 2021
    Gordon Brothers announced it is providing a secured credit facility to Nicole Miller, the eponymous fashion and lifestyle brand founded and led by Nicole Miller. The facility is secured by the company’s intellectual property and will be used to fund strategic growth initiatives.
  • Associated Bank Originates Loan for Portfolio of Four Bus Terminals in Suburban Chicago
    April 1, 2021
    Associated Bank has announced the completion of a $12,255,100 term loan for VK Industrial V, LP, an affiliate of Venture One Real Estate, for the acquisition of a Chicago-area logistics portfolio and billboard site. The portfolio includes four bus terminal sites and a separate billboard site. The properties are located in the Central DuPage and Fox Valley industrial submarkets of Chicago.
  • Horizon Technology Finance Management Announces Platform Expansion
    April 1, 2021
    Horizon Technology Finance Management LLC ("Horizon"), a registered investment advisor that underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries, and the manager and advisor for Horizon Technology Finance Corporation (NASDAQ: HRZN), announced today that on March 4, 2021 it entered into an agreement with Waterfall Asset Management, LLC ("Waterfall") to originate and manage a venture debt portfolio. Horizon will originate and manage an initial commitment of $100 million, with the potential to increase to $300 million over time.
  • Crestmark Provides More Than $22.1 Million in Commercial Financing to 65 Businesses in the First Half of March
    March 31, 2021
    Crestmark secured a total of $9,715,246 in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $7,543,149 in four new lease transactions; and Crestmark Vendor Finance provided $4,928,905 in 55 new lease transactions.
  • CIT Provides Financing for North Las Vegas Logistics Campus
    March 31, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided financing for construction of a new 730,000-square-foot logistics center and campus in North Las Vegas, Nevada. Construction on the SunPoint West facility is expected to begin in April and conclude in approximately 12 months. The campus is located near Interstate 15 in North Las Vegas, well-known as an attractive area for shipping and logistics centers.
  • Crowe Promotes Steven Edwards to Partner in Insolvency Team
    March 31, 2021
    Based in the firm’s Kent offices, Steven Edwards is a licenced insolvency practitioner with more than 20 years of experience in corporate recovery and turnaround working with a variety of owner managed business and non-profit clients. He works closely with banks, asset based lenders, accountants and solicitors, providing advice to companies under financial stress.
  • Duke Realty (DRE) Amends and Restates Revolving Credit Facility
    March 31, 2021
    Duke Realty Corp. DRE announced the closing of refinancing of its revolving credit facility with sustainability-linked pricing incentive. The move has also helped the company lower its borrowing costs from the prior facility. Particularly, the company’s operating partnership has amended and restated its $1.2-billion unsecured revolving credit facility. The facility will now mature in March 2025 and allows two six-month extensions. Further, it includes an uncommitted incremental facility that enables the facility to be enhanced by up to $800 million.
  • Matrix Makes Hire and Two Promotions
    March 31, 2021
    Matrix Capital Markets Group Inc., an independent investment bank has made two promotions and a new hire to the downstream energy and convenience retail investment banking group. John T. Mickelinc has been promoted to associate. Michael J. Tucker, CFA, has been promoted to senior analyst. Matrix has also added James P. Mickelinc, analyst, as a member of the downstream energy and convenience retail investment banking group.
  • Angel Oak Commercial Lending Makes More Key Hires, Plans Expansion on West Coast and in Wholesale Market
    March 31, 2021
    Angel Oak Commercial Lending, LLC (“Angel Oak”), a specialty finance company committed to meeting the underserved financing needs of commercial real estate owners, developers and investors, announces the hiring of David Pike as managing director and Bob Forsythe as senior managing director. Both began work in early March and report to co-Presidents Nik Chillar and Rick Gallitto.
  • Neiman Marcus Group Completes Successful Refinancing, Reaffirming Business Momentum
    March 31, 2021
    Neiman Marcus Holding Company, Inc. today announced the completed refinancing of a substantial portion of its exit facilities with an aggregate principal amount of $1.1 billion of new 7.125% senior secured notes due 2026 issued by NMG Holding Company, Inc., a Delaware corporation, and The Neiman Marcus Group LLC, a Delaware limited liability company. The transaction, initially sized at $1 billion, was increased to $1.1 billion in response to demand from institutional investors.
  • Hertz Progresses Toward Chapter 11 Exit In Second Quarter Of 2021 As Robust Negotiations Regarding Plan Sponsorship Continue
    March 31, 2021
    Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") announced today that it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021. White & Case LLP is serving as legal advisor, Moelis & Co. is serving as investment banker, and FTI Consulting is serving as financial advisor.
  • KKR Augments Asset-Based Finance Investing with Appointments to Global Private Credit Team
    March 31, 2021
    KKR, a leading global investment firm, today announced the appointments of two Managing Directors in the firm’s global private credit team who will focus on sourcing investment opportunities in the specialty lending and private asset-based finance (“ABF”) markets. Jim Lees and Vaibhav Piplapure (“VP”) join the firm as Managing Directors based in New York and London, respectively.
  • Fora Financial Announces New Senior Credit Facility, Borrowing Capacity Increases to Up to $150 Million
    April 5, 2021
    Fora Financial, a leading provider of flexible working capital to small- and medium-sized businesses nationwide, announced today the closing of a $100 million revolving credit facility with Credit Suisse and Hudson Cove Capital Management. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the debt facility, which will give the company up to $150 million of borrowing capacity over the next two years.
  • Jennifer Rabinowitz Joins Ritchie Bros. as a National Strategic Accounts Manager in the Bankruptcy and Insolvency Group
    April 5, 2021
    Jennifer Rabinowitz has joined Ritchie Bros. as a National Strategic Accounts Manager in the Bankruptcy and Insolvency Group. She will be responsible for developing custom solutions for complex situations with regard to asset valuations and liquidations. Ms. Rabinowitz brings three decades of sales and marketing experience, with 20 years focused specifically in the financial services space.
  • Goulston & Storrs Announces 2021 Partner Elevations
    April 1, 2021
    Goulston & Storrs, an Am Law 200 firm, has promoted five attorneys to partner, Timothy John Carter, Brian W. Dugdale, George W. Evans, III, Philip E. Tedesco, and Megan Watts. "We are thrilled to elevate these five talented attorneys to director," said Bill Dillon, Co-Managing Director at Goulston & Storrs. "Each one has proven themselves invaluable to our firm and our clients, and we look forward to their continued success as members of our firm's partnership."
  • Burns & Levinson Elects Three Attorneys to Partnership
    April 1, 2021
    Burns & Levinson LLP has elected three attorneys – Caitlin Barrett, Laura Lee Mittelman, and Bryan Natale – to the firm's partnership effective April 1. "We are excited to welcome these three attorneys to the firm's partnership. They are all talented attorneys who have worked hard to reach this important milestone in their careers," said managing partner David P. Rosenblatt. "We look forward to their continuing contributions as partners for many years to come."
  • Ares Management to Acquire Landmark Partners for $1.08B
    April 1, 2021
    Ares Management Corp. said it has struck an agreement with a BrightSphere Investment Group Inc. subsidiary and Landmark Investment Holdings LP to buy Landmark Partners LLC, an investor that acquires secondary private fund ownership stakes, for $1.08 billion.
  • Neuberger Berman MLP And Energy Income Fund Announces Amendment To Leverage Facility And Declaration Of Monthly Distribution
    April 1, 2021
    Neuberger Berman MLP and Energy Income Fund Inc. (NYSE American: NML) (the "Fund") announced today that it has amended its revolving credit facility (the "Facility") to increase the amount of available debt financing in order to bring it more in line with the Fund's current asset level. Under the amended terms of the Facility, the lender's total commitment increased from $50 million to $75 million, the commitment fee and spread-component of the interest rate were lowered and the duration of the Facility was extended, among other changes.
  • Full House Resorts Announces $15.0 Million Senior Secured Revolving Credit Facility
    April 1, 2021
    Full House Resorts, Inc. (Nasdaq: FLL) announced today that it has entered into an agreement for a five-year, senior secured revolving credit facility. The $15.0 million credit facility may be used for working capital, letters of credit, and other ongoing general purposes.
  • Fluent Announces New $65 Million Credit Facility
    April 1, 2021
    Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today announced the entry into a new five-year credit agreement, consisting of a $50.0 million term loan and a revolving credit facility of up to $15.0 million, provided by Citizens Bank, N.A., as administrative agent, lead arranger and bookrunner, and BankUnited, N.A. and Silicon Valley Bank.
  • Gordon Brothers Provides Secured Credit Facility to Nicole Miller
    April 1, 2021
    Gordon Brothers announced it is providing a secured credit facility to Nicole Miller, the eponymous fashion and lifestyle brand founded and led by Nicole Miller. The facility is secured by the company’s intellectual property and will be used to fund strategic growth initiatives.
  • Associated Bank Originates Loan for Portfolio of Four Bus Terminals in Suburban Chicago
    April 1, 2021
    Associated Bank has announced the completion of a $12,255,100 term loan for VK Industrial V, LP, an affiliate of Venture One Real Estate, for the acquisition of a Chicago-area logistics portfolio and billboard site. The portfolio includes four bus terminal sites and a separate billboard site. The properties are located in the Central DuPage and Fox Valley industrial submarkets of Chicago.
  • Horizon Technology Finance Management Announces Platform Expansion
    April 1, 2021
    Horizon Technology Finance Management LLC ("Horizon"), a registered investment advisor that underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries, and the manager and advisor for Horizon Technology Finance Corporation (NASDAQ: HRZN), announced today that on March 4, 2021 it entered into an agreement with Waterfall Asset Management, LLC ("Waterfall") to originate and manage a venture debt portfolio. Horizon will originate and manage an initial commitment of $100 million, with the potential to increase to $300 million over time.
  • Crestmark Provides More Than $22.1 Million in Commercial Financing to 65 Businesses in the First Half of March
    March 31, 2021
    Crestmark secured a total of $9,715,246 in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $7,543,149 in four new lease transactions; and Crestmark Vendor Finance provided $4,928,905 in 55 new lease transactions.
  • CIT Provides Financing for North Las Vegas Logistics Campus
    March 31, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided financing for construction of a new 730,000-square-foot logistics center and campus in North Las Vegas, Nevada. Construction on the SunPoint West facility is expected to begin in April and conclude in approximately 12 months. The campus is located near Interstate 15 in North Las Vegas, well-known as an attractive area for shipping and logistics centers.
  • Crowe Promotes Steven Edwards to Partner in Insolvency Team
    March 31, 2021
    Based in the firm’s Kent offices, Steven Edwards is a licenced insolvency practitioner with more than 20 years of experience in corporate recovery and turnaround working with a variety of owner managed business and non-profit clients. He works closely with banks, asset based lenders, accountants and solicitors, providing advice to companies under financial stress.
  • Duke Realty (DRE) Amends and Restates Revolving Credit Facility
    March 31, 2021
    Duke Realty Corp. DRE announced the closing of refinancing of its revolving credit facility with sustainability-linked pricing incentive. The move has also helped the company lower its borrowing costs from the prior facility. Particularly, the company’s operating partnership has amended and restated its $1.2-billion unsecured revolving credit facility. The facility will now mature in March 2025 and allows two six-month extensions. Further, it includes an uncommitted incremental facility that enables the facility to be enhanced by up to $800 million.
  • Matrix Makes Hire and Two Promotions
    March 31, 2021
    Matrix Capital Markets Group Inc., an independent investment bank has made two promotions and a new hire to the downstream energy and convenience retail investment banking group. John T. Mickelinc has been promoted to associate. Michael J. Tucker, CFA, has been promoted to senior analyst. Matrix has also added James P. Mickelinc, analyst, as a member of the downstream energy and convenience retail investment banking group.
  • Angel Oak Commercial Lending Makes More Key Hires, Plans Expansion on West Coast and in Wholesale Market
    March 31, 2021
    Angel Oak Commercial Lending, LLC (“Angel Oak”), a specialty finance company committed to meeting the underserved financing needs of commercial real estate owners, developers and investors, announces the hiring of David Pike as managing director and Bob Forsythe as senior managing director. Both began work in early March and report to co-Presidents Nik Chillar and Rick Gallitto.
  • Neiman Marcus Group Completes Successful Refinancing, Reaffirming Business Momentum
    March 31, 2021
    Neiman Marcus Holding Company, Inc. today announced the completed refinancing of a substantial portion of its exit facilities with an aggregate principal amount of $1.1 billion of new 7.125% senior secured notes due 2026 issued by NMG Holding Company, Inc., a Delaware corporation, and The Neiman Marcus Group LLC, a Delaware limited liability company. The transaction, initially sized at $1 billion, was increased to $1.1 billion in response to demand from institutional investors.
  • Hertz Progresses Toward Chapter 11 Exit In Second Quarter Of 2021 As Robust Negotiations Regarding Plan Sponsorship Continue
    March 31, 2021
    Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") announced today that it has made all of the required court filings in its Chapter 11 case needed to continue the process it initiated at the beginning of March 2021 to exit Chapter 11 in June 2021. White & Case LLP is serving as legal advisor, Moelis & Co. is serving as investment banker, and FTI Consulting is serving as financial advisor.
  • KKR Augments Asset-Based Finance Investing with Appointments to Global Private Credit Team
    March 31, 2021
    KKR, a leading global investment firm, today announced the appointments of two Managing Directors in the firm’s global private credit team who will focus on sourcing investment opportunities in the specialty lending and private asset-based finance (“ABF”) markets. Jim Lees and Vaibhav Piplapure (“VP”) join the firm as Managing Directors based in New York and London, respectively.
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