LSQ, a leading provider of technology-driven working capital solutions, announced that the company originated an additional $3 million facility for an existing textile manufacturing client in Tennessee. The client, an owner of another subsidiary, immediately needed to replace their existing asset-based lending facility. Their incumbent lender had asked them to exit and find a new lender for working capital due to deteriorating financial performance.

Old Hill Partners has increased its committed credit facility to ByzFunder NY, a New York-based provider of working capital solutions in the form of merchant cash advances, to $12 million. The commitment increase will further accelerate the growth of the company and allow it to expand into additional credit tiers.

Incremental commitments were provided by a syndicate of banks arranged by Wells Fargo, N.A., including Bank of America N.A., U.S. Bank N.A., PNC Bank, N.A., Bank of the West, and Northern Trust, N.A.

NuBridge Commercial Lending LLC, a small-balance commercial bridge lender, announced today its completion of a new senior secured revolving credit facility with Cadence Business Finance, a division of Cadence Bank. The initial size of this 36-month committed credit facility is $20 million and is expected to grow to at least $50 million.

White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent on the funding of a senior credit facility for ViaQuest Holdings, Ltd. and affiliates (“ViaQuest”) to support the acquisition by Council Capital, a Nashville based private equity fund. ViaQuest is a provider of services for individuals with intellectual and development disabilities (“I/DD”), hospice services, and other behavioral health services to individuals.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Telestream in its acquisition of Masstech. Telestream, a portfolio company of Genstar Capital, is a vertical market software business focused on the video space and is a global leader in media workflow orchestration, media streaming and delivery technologies.

CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $23 million credit facility for Nova Compression, LLC (a successor company to MGC Equipment Company, LLC). Founded in December 2010 and headquartered in Kilgore, Texas, Nova Compression supports clients in Louisiana and Texas with equipment rentals, installation, maintenance and repair of gas compressors.

Alterna Capital Solutions (Alterna) announced today the addition of Roger Allen, a veteran of specialty and alternative financing in the SME market. Alterna founder and president, Stan Carpenter, welcomes Allen as chief operating officer as they reunite following assignments together successfully building and growing trusted long-term relationships with bank partners and small-business owners.

AeroCentury Corp. (the “Company”) today announced it and certain of its subsidiaries commenced a voluntary case (the “Chapter 11 Case”) under chapter 11 of title 11 of the United States Code (“Chapter 11”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). Morrison & Foerster LLP and Young Conaway Stargatt & Taylor, LLP are serving as legal advisor, and B Riley Securities, Inc. is serving as financial advisor and investment banker.

Navacord Corp., one of Canada’s largest insurance brokerage firms and fastest growing multi-line brokers, today announced that it has completed a C$1.05 billion financing. The transaction provides Navacord with increased capacity to continue pursuing M&A transactions and other strategic growth initiatives. TD Securities is acting as administrative agent on the revolving credit facility and first lien term loan and Bank of Montreal is acting as administrative agent on the second lien term loan.

Augmedix, Inc. (“Augmedix”), a leading provider of remote medical documentation and live clinical support, announced that it has refinanced its long-term debt obligations through a secured term loan with Eastward Capital Partners. The new loan facility consists of a $15 million secured term loan and $2 million available in 4Q21 upon the achievement of certain financial objectives.

MSouth Equity Partners IV, L.P. ("MSouth Fund IV") has formed MSouth Capital as a provider of private credit and minority equity financing solutions, to meet the needs of companies in the South that have a desire to pursue recapitalizations, acquisitions or other corporate initiatives, with a focus on businesses generating EBITDA of $3 million or greater. MSouth Capital aims to deploy in excess of $350 million in its target markets over the next three years.

Antares announced today that it acted as administrative agent on senior secured credit facilities to support the acquisition of 80/20 Inc. by MPE Partners. Based in Columbia City, IN, 80/20 Inc. is the originator and manufacturer of “The Industrial Erector Set,” a modular aluminum T-slotted building system for various applications and end-markets.

Opportunity Financial, LLC (OppFi), a U.S.-based fintech platform that powers banks to help the everyday consumer gain access to credit, announced on Monday it has closed an expanded $50 million corporate credit facility with Atalaya Capital Management. OppFi’s key mission is to help consumers who are turned away by traditional providers build a better financial path.

Amerisource Business Capital announced the closing and funding of a $4,500,000 senior credit facility for a Texas based field services firm. The proceeds were used to support the company’s growth plans.

LiquidX, the global technology platform for working capital, trade finance, and insurance, is pleased to welcome Banco Bradesco to its network. Banco Bradesco, founded in 1943, is the second largest private sector bank in Brazil by total assets, serving clients through 79.9 thousand Service Points, 70 million customers, and 32.3 million account holders.

J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in Ontario; $100,000 to a transportation company in California; $75,000 to a transportation company in Nova Scotia; $200,000 to a transportation company in New Jersey.

Banking industry veteran George Boyan has joined Unity Bank as Chief Financial Officer (CFO) bringing more than 20 years of financial services industry leadership experience to the community bank. Boyan is responsible for financial and accounting operations for Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, which manages approximately $2 billion in assets and $1.6 billion in deposits.

Funds managed by the Credit Group of Ares Management Corporation (“Ares”) provided an $85 million commitment to lead the recent financing round, with the remainder provided by funds managed by affiliates of Birch Lake Fund Management, LP (“Birch Lake”) and other lenders.

Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced the successful completion of a $300 million syndicated credit facility (the “Credit Facility”) by amending and restating the Company’s existing Credit Agreement which had been set to expire on March 31, 2022. The Credit Facility extends the maturity to March 31, 2024. Bank of America, N.A. and JPMorgan Chase Bank, N.A. served as the Joint Lead Arrangers.