• RSA Announces Strategic Investment From Clearlake Capital
    March 17, 2021
    JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding Inc., Goldman Sachs & Co. LLC, UBS Investment Bank, Bank of America, Barclays, and Jefferies are arranging the debt financing for the transaction. UBS Investment Bank, J.P. Morgan Securities LLC, BofA Securities, Barclays, and Jefferies served as buyside advisors in the transaction. Sidley Austin LLP served as legal counsel to Clearlake with Davis Polk & Wardwell LLP representing STG and RSA.
  • American Zinc Recycling Announces New $120 Million Term Loan Facility
    March 17, 2021
    American Zinc Recycling Corp. (“AZR”) today announced that it has secured a new senior secured term loan credit facility provided by Blue Torch Finance LLC (“Blue Torch”). The Blue Torch loan is secured by a first lien on all the assets of AZR and its subsidiaries and matures in 2024. The Company was advised on the transaction by Ducera Securities LLC and by Akin Gump Strauss Hauer & Feld LLP. Blue Torch was advised on the transaction by Dechert LLP.
  • Azorra Aviation Announces Investment by Oaktree
    March 17, 2021
    Azorra Aviation Holdings LLC (“Azorra”) today announced that it has entered into an agreement with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), under which Oaktree and Azorra’s founders will invest $350 million to expand Azorra’s commercial aircraft leasing business.
  • CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform
    March 17, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Small Business Solutions group has been selected as winner of the "Business Lending Innovation Award" for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market.
  • NextGen Healthcare Announces Update to Credit Facility
    March 17, 2021
    NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of ambulatory-focused technology solutions, today announced that on March 12, 2021, it entered into a $300 million second amended and restated revolving credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association and Bank of the West, as co-syndication agents, and certain other agents and lenders.
  • MUFG Boosts Private Equity Sponsor Coverage and Direct Lending Capabilities with Hire of Three Senior Bankers
    March 17, 2021
    The bank has hired Michael Klein and Keith Murray as Managing Directors of Sponsor Coverage, reporting to Matt Maley, Head of Private Equity Sponsor Coverage within MUFG's Corporate Advisory Group. Messrs. Klein and Murray will be responsible for delivering the bank's full array of capabilities to sponsor clients including financing and capital markets solutions, advisory services and transaction banking. John Timoney has been hired by the Capital Markets Group as a Managing Director to focus on originating, structuring and syndicating direct lending transactions of both private-equity
  • New Research Shows High Market Optimism for Receivables Finance
    March 17, 2021
    EQ (Equiniti Group plc) is delighted to announce that its risk management business, EQ Riskfactor, today launches a series of new reports called the Receivables Finance Global Outlook. EQ Riskfactor’s established risk management technology uses automation to identify potential frauds using advanced analytics which highlight unusual activity, so that lenders can investigate and reduce risk. The technology also helps lenders to eliminate manual processes saving time and money.
  • FocalPoint Advises ImageOne on its Refinancing by MidCap Financial & Catalur Capital Management
    March 17, 2021
    ImageOne Interco, LLC (“ImageOne” or the “Company”), a portfolio company of Innovating Capital Management LLC (“Innovating Capital”), has announced the successful refinancing of its existing senior debt facility through a revolving line of credit from a syndicate of lenders led by MidCap Financial Trust (“MidCap Financial”) and a term loan facility from Catalur Capital Management, LP (“Catalur Capital Management”). FocalPoint Securities, LLC ("FocalPoint") served as exclusive financial advisor to the Company.
  • Sterling National Bank Provides $5,000,000 Senior Secured Credit Facilities
    March 17, 2021
    Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $5,000,000 to Nextaff Group LLC. (“Nextaff” or the “Company”). Headquartered in Overland Park, KS, Nextaff is a nationwide staffing agency, with each office locally owned and operated for a more in-depth, streamlined hiring process. Founded in 1998, the Company offers custom solutions in a variety of industries.
  • Citizens Advises Tube Processing Corporation in its Sale of its Commercial Tube Processing Division to Nelson Global Products
    March 17, 2021
    Citizens M&A Advisory announced today that it served as the exclusive M&A advisor to Tube Processing Corporation in its sale of its Commercial Tube Processing Division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners. Established in 1974, CTP is a manufacturer of complex, high-performance tube assemblies, metal fabrications and precision weldments for OEMs in a diverse set of end markets including on-highway, off-highway, construction and military durable equipment.
  • SLR Equipment Finance Announces That Jeffrey Bauer has Joined
    March 17, 2021
    SLR Equipment Finance, formerly known as Nations Equipment Finance, expands its business development capabilities and announces that Jeffrey Bauer has joined the company. SLR Equipment Finance is pleased to announce it has hired Jeffrey Bauer as Senior Vice President of Business Development. In his role, Jeff will be responsible for growing SLR Equipment Finance’s leasing and lending activities in the MidAtlantic region of the U.S.
  • Yum! Brands, Inc. Completes Refinancing of Senior Secured Credit Facilities
    March 16, 2021
    Yum! Brands, Inc. (NYSE: YUM) (the “Company”) today announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have completed the refinancing of the existing approximately $1.9 billion term loan B facility, approximately $431 million term loan A facility and approximately $1.0 billion revolving facility (the “Existing Facilities”) through the issuance of a $1.5 billion term loan B maturing March 15, 2028 (the “Term B Loan”), a $750 million term loan A maturing March 15, 2026 (the “Term A Loan”) and a $1.25 billion revolving credit facility maturing March 15, 2026
  • Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank
    March 16, 2021
    Zoom Telephonics, Inc., doing business as Minim (OTCQB: MINM) ("Minim"), the creator of innovative internet access products, today announced that it has closed on a $13.0 million credit facility in partnership with Silicon Valley Bank in lieu of its previous $5.0 million credit facility. This announcement follows a record-breaking quarter and year in Minim’s revenue.
  • Tronox Completes Senior Notes Offering and Announces Closing of New Credit Facilities
    March 16, 2021
    Tronox Holdings plc (NYSE: TROX; the "Company") today announced that it completed its offering by its wholly owned subsidiary, Tronox Incorporated (the "Issuer"), of 4.625 percent Senior Notes due 2029 for an aggregate principal amount of $1,075 million, the net proceeds of which, along with cash on hand, will be used to fund the redemption in full of the Issuer's outstanding $615 million aggregate principal amount of 6.500 percent senior notes due 2026 and the redemption in full of Tronox Finance plc's outstanding $450 million aggregate principal amount of 5.750 percent senior notes due 2025.
  • Oxford Finance Provides $57.2 Million Credit Facility to Pointe Group Care
    March 16, 2021
    Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $57.2 million senior credit facility and revolving line of credit to Pointe Group Care LLC ("PGC"), an owner and operator within the skilled nursing and assisted living industry.
  • PlainsCapital Bank Welcomes New Denton Banking Group
    March 16, 2021
    PlainsCapital Bank recently welcomed a new lending team to serve the Denton area. Ernie McGee serves as president, James E. Posey and Alex Eysermans serve as senior vice presidents and commercial loan officers, while Kevin Hodge serves as commercial loan officer, and Jeanette Hoffman serves as senior lending assistant.
  • Wells Fargo Survey: Construction Industry Hopeful About 2021, Despite Optimism Dip
    March 16, 2021
    Wells Fargo today released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November2020, the bank queried hundreds of industry executives to determine the 2021 U.S. National Optimism Quotient (OQ). Survey results show that leaders ended 2020 feeling cautiously optimistic with a 2021 OQ score of 78, representing a 21-point drop from 2020.
  • mBank Business Credit Funds $2,500,000 Line of Credit for an Illinois-based Manufacturer
    March 16, 2021
    An Illinois manufacturer of drainage piping and plastic tubing was looking for a new lender. mBank Senior Management personally visited the client and reviewed their plans and met with all management and their consulting firm. mBank then presented the company with a customized financial package that met their needs. The loan closed in February 2021.
  • Harbor is Among the First Trade Finance Providers to Cut Cryptocurrencies to Work
    March 16, 2021
    Harbor reached another milestone this week by funding more than $1 million in trade finance transactions utilizing Decentralized Finance or “DeFi.” The fund was launched in the last quarter of 2020 in collaboration with Centrifuge with the goal of bringing a real-world asset like accounts receivable to DeFi, a financial system independent of centralized banking and currencies.
  • Stonebriar Celebrates its Sixth Year Anniversary
    March 16, 2021
    Stonebriar Commercial Finance (“Stonebriar”) is celebrating its sixth anniversary this week, having closed another record year with new funded volume of $1.43 billion in structured leases and loans, and driving a 36% year-over-year increase in operating income. Equally as important, Stonebriar has completed its sixth consecutive year with zero credit losses.
  • RSA Announces Strategic Investment From Clearlake Capital
    March 17, 2021
    JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding Inc., Goldman Sachs & Co. LLC, UBS Investment Bank, Bank of America, Barclays, and Jefferies are arranging the debt financing for the transaction. UBS Investment Bank, J.P. Morgan Securities LLC, BofA Securities, Barclays, and Jefferies served as buyside advisors in the transaction. Sidley Austin LLP served as legal counsel to Clearlake with Davis Polk & Wardwell LLP representing STG and RSA.
  • American Zinc Recycling Announces New $120 Million Term Loan Facility
    March 17, 2021
    American Zinc Recycling Corp. (“AZR”) today announced that it has secured a new senior secured term loan credit facility provided by Blue Torch Finance LLC (“Blue Torch”). The Blue Torch loan is secured by a first lien on all the assets of AZR and its subsidiaries and matures in 2024. The Company was advised on the transaction by Ducera Securities LLC and by Akin Gump Strauss Hauer & Feld LLP. Blue Torch was advised on the transaction by Dechert LLP.
  • Azorra Aviation Announces Investment by Oaktree
    March 17, 2021
    Azorra Aviation Holdings LLC (“Azorra”) today announced that it has entered into an agreement with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), under which Oaktree and Azorra’s founders will invest $350 million to expand Azorra’s commercial aircraft leasing business.
  • CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform
    March 17, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Small Business Solutions group has been selected as winner of the "Business Lending Innovation Award" for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market.
  • NextGen Healthcare Announces Update to Credit Facility
    March 17, 2021
    NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of ambulatory-focused technology solutions, today announced that on March 12, 2021, it entered into a $300 million second amended and restated revolving credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association and Bank of the West, as co-syndication agents, and certain other agents and lenders.
  • MUFG Boosts Private Equity Sponsor Coverage and Direct Lending Capabilities with Hire of Three Senior Bankers
    March 17, 2021
    The bank has hired Michael Klein and Keith Murray as Managing Directors of Sponsor Coverage, reporting to Matt Maley, Head of Private Equity Sponsor Coverage within MUFG's Corporate Advisory Group. Messrs. Klein and Murray will be responsible for delivering the bank's full array of capabilities to sponsor clients including financing and capital markets solutions, advisory services and transaction banking. John Timoney has been hired by the Capital Markets Group as a Managing Director to focus on originating, structuring and syndicating direct lending transactions of both private-equity
  • New Research Shows High Market Optimism for Receivables Finance
    March 17, 2021
    EQ (Equiniti Group plc) is delighted to announce that its risk management business, EQ Riskfactor, today launches a series of new reports called the Receivables Finance Global Outlook. EQ Riskfactor’s established risk management technology uses automation to identify potential frauds using advanced analytics which highlight unusual activity, so that lenders can investigate and reduce risk. The technology also helps lenders to eliminate manual processes saving time and money.
  • FocalPoint Advises ImageOne on its Refinancing by MidCap Financial & Catalur Capital Management
    March 17, 2021
    ImageOne Interco, LLC (“ImageOne” or the “Company”), a portfolio company of Innovating Capital Management LLC (“Innovating Capital”), has announced the successful refinancing of its existing senior debt facility through a revolving line of credit from a syndicate of lenders led by MidCap Financial Trust (“MidCap Financial”) and a term loan facility from Catalur Capital Management, LP (“Catalur Capital Management”). FocalPoint Securities, LLC ("FocalPoint") served as exclusive financial advisor to the Company.
  • Sterling National Bank Provides $5,000,000 Senior Secured Credit Facilities
    March 17, 2021
    Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $5,000,000 to Nextaff Group LLC. (“Nextaff” or the “Company”). Headquartered in Overland Park, KS, Nextaff is a nationwide staffing agency, with each office locally owned and operated for a more in-depth, streamlined hiring process. Founded in 1998, the Company offers custom solutions in a variety of industries.
  • Citizens Advises Tube Processing Corporation in its Sale of its Commercial Tube Processing Division to Nelson Global Products
    March 17, 2021
    Citizens M&A Advisory announced today that it served as the exclusive M&A advisor to Tube Processing Corporation in its sale of its Commercial Tube Processing Division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners. Established in 1974, CTP is a manufacturer of complex, high-performance tube assemblies, metal fabrications and precision weldments for OEMs in a diverse set of end markets including on-highway, off-highway, construction and military durable equipment.
  • SLR Equipment Finance Announces That Jeffrey Bauer has Joined
    March 17, 2021
    SLR Equipment Finance, formerly known as Nations Equipment Finance, expands its business development capabilities and announces that Jeffrey Bauer has joined the company. SLR Equipment Finance is pleased to announce it has hired Jeffrey Bauer as Senior Vice President of Business Development. In his role, Jeff will be responsible for growing SLR Equipment Finance’s leasing and lending activities in the MidAtlantic region of the U.S.
  • Yum! Brands, Inc. Completes Refinancing of Senior Secured Credit Facilities
    March 16, 2021
    Yum! Brands, Inc. (NYSE: YUM) (the “Company”) today announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have completed the refinancing of the existing approximately $1.9 billion term loan B facility, approximately $431 million term loan A facility and approximately $1.0 billion revolving facility (the “Existing Facilities”) through the issuance of a $1.5 billion term loan B maturing March 15, 2028 (the “Term B Loan”), a $750 million term loan A maturing March 15, 2026 (the “Term A Loan”) and a $1.25 billion revolving credit facility maturing March 15, 2026
  • Minim Secures $13.0 Million Credit Facility with Silicon Valley Bank
    March 16, 2021
    Zoom Telephonics, Inc., doing business as Minim (OTCQB: MINM) ("Minim"), the creator of innovative internet access products, today announced that it has closed on a $13.0 million credit facility in partnership with Silicon Valley Bank in lieu of its previous $5.0 million credit facility. This announcement follows a record-breaking quarter and year in Minim’s revenue.
  • Tronox Completes Senior Notes Offering and Announces Closing of New Credit Facilities
    March 16, 2021
    Tronox Holdings plc (NYSE: TROX; the "Company") today announced that it completed its offering by its wholly owned subsidiary, Tronox Incorporated (the "Issuer"), of 4.625 percent Senior Notes due 2029 for an aggregate principal amount of $1,075 million, the net proceeds of which, along with cash on hand, will be used to fund the redemption in full of the Issuer's outstanding $615 million aggregate principal amount of 6.500 percent senior notes due 2026 and the redemption in full of Tronox Finance plc's outstanding $450 million aggregate principal amount of 5.750 percent senior notes due 2025.
  • Oxford Finance Provides $57.2 Million Credit Facility to Pointe Group Care
    March 16, 2021
    Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $57.2 million senior credit facility and revolving line of credit to Pointe Group Care LLC ("PGC"), an owner and operator within the skilled nursing and assisted living industry.
  • PlainsCapital Bank Welcomes New Denton Banking Group
    March 16, 2021
    PlainsCapital Bank recently welcomed a new lending team to serve the Denton area. Ernie McGee serves as president, James E. Posey and Alex Eysermans serve as senior vice presidents and commercial loan officers, while Kevin Hodge serves as commercial loan officer, and Jeanette Hoffman serves as senior lending assistant.
  • Wells Fargo Survey: Construction Industry Hopeful About 2021, Despite Optimism Dip
    March 16, 2021
    Wells Fargo today released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November2020, the bank queried hundreds of industry executives to determine the 2021 U.S. National Optimism Quotient (OQ). Survey results show that leaders ended 2020 feeling cautiously optimistic with a 2021 OQ score of 78, representing a 21-point drop from 2020.
  • mBank Business Credit Funds $2,500,000 Line of Credit for an Illinois-based Manufacturer
    March 16, 2021
    An Illinois manufacturer of drainage piping and plastic tubing was looking for a new lender. mBank Senior Management personally visited the client and reviewed their plans and met with all management and their consulting firm. mBank then presented the company with a customized financial package that met their needs. The loan closed in February 2021.
  • Harbor is Among the First Trade Finance Providers to Cut Cryptocurrencies to Work
    March 16, 2021
    Harbor reached another milestone this week by funding more than $1 million in trade finance transactions utilizing Decentralized Finance or “DeFi.” The fund was launched in the last quarter of 2020 in collaboration with Centrifuge with the goal of bringing a real-world asset like accounts receivable to DeFi, a financial system independent of centralized banking and currencies.
  • Stonebriar Celebrates its Sixth Year Anniversary
    March 16, 2021
    Stonebriar Commercial Finance (“Stonebriar”) is celebrating its sixth anniversary this week, having closed another record year with new funded volume of $1.43 billion in structured leases and loans, and driving a 36% year-over-year increase in operating income. Equally as important, Stonebriar has completed its sixth consecutive year with zero credit losses.
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