Lighthouse Infrastructure, LLC ("Lighthouse"), a wholly owned subsidiary of Third Coast Midstream, LLC ("Third Coast"), has entered into a new five-year credit agreement consisting of a term loan facility in the initial aggregate principal amount of $490 million and a $60 million revolving credit facility ("Facility"). The proceeds of the Facility are being used to redeem the outstanding Third Coast 2021 notes, repay borrowings under Third Coast's prior credit facility, and for general Lighthouse corporate purposes.

Haversine Funding announced the following recently closed transactions: $750,000 of a $1,500,000 factoring participation to finance a ‘do it yourself’ home automation and security product manufacturer; $3,000,000 subordinated debt facility to support the growth of a residential real estate lender for loans that may be held for sale or investment and $4,000,000 of an $8,000,000 purchase order and factoring participation for a PPE transaction to deliver masks to a national retailer.

LSQ recently originated a $10 million factoring credit facility within an expedited timeline for a thriving Amazon vendor. The business, which reported 2x year-over-year sales growth, experiences seasonal boosts in demand for their numerous fitness, health, and recreational products. By leveraging invoice financing to increase working capital, the vendor will now have sufficient liquidity to more strategically capitalize on seasonal opportunities and also expedite payments to suppliers without narrowing their cash position.

Recently, demand in the industrial space has grown. As a result, this staffing company began to enter into a period of accelerated growth, acquiring contracts and significantly expanding its business. The staffing company turned to eCapital for a financing solution that could support this increase in demand and provide the funding it needed, enabling the company to grow at a faster pace.

Allen & Overy today announced that Jake Mincemoyer has joined the firm as partner and head of A&O’s U.S. Leveraged Finance practice, based in New York. Jake joins A&O from White & Case LLP, where he served as regional section head of the Americas Banking Section. Jake has broad experience representing major commercial and investment banks as well as private credit funds and corporations in a wide range of leveraged and corporate finance transactions, including domestic and cross-border acquisition finance, investment-grade facilities, asset-based lending facilities, bridge facilities, debtor-in-possession (DIP) financings and restructurings.

Huron Capital Partners LLC ("Huron Capital"), a leading lower middle-market private equity platform with a 22-year history and six private equity funds aggregating nearly $2.0 billion in committed capital, announced today that Jim Mahoney has been named Managing Partner alongside Brian Demkowicz as part of a management succession plan designed to strengthen the foundation for the Firm's continued success.

The continued acceleration in Chapter 11 filings is a clear sign that business owners should prepare for the pandemic’s impact to last longer than was originally planned, even as the COVID-19 vaccine becomes more available. Chapter 11 bankruptcy filings increased again in the fourth quarter, as seen in the newest Polsinelli-TrBK Distress Indices Report.

Pathway Capital Corp. has closed on a $3.5 million non-notification factoring facility for a startup specialty hauling company based outside of Houston, Texas. Pathway acted as sole arranger. The facility—which was vital to the company’s launch—provided a 90% advance on receivables purchased as well as 120-day terms on numerous accounts.

Cora, a provider of ethically sourced, organic, and innovative feminine hygiene products, and Gibraltar agreed on a $5 million asset-based line of credit based on accounts receivable and inventory. The inventory borrowing base includes finished goods and in-transit inventory with no inventory appraisal required which reflects the creativity of Gibraltar’s credit team. An accordion feature allows the facility to be increased to $7 million as warranted.

Armory Securities, LLC is pleased to announce that Uniformity Labs has completed a $38.35 million Series B financing round. Armory served as exclusive financial advisor and placement agent to Uniformity for the transaction. Uniformity is a leading additive manufacturing (AM) company that is revolutionizing industrial 3D printing processes with its breakthrough material and software solutions. The company’s patented technology enables significant cost savings, speed, and quality improvements across all mainstream AM printers.

TAB Bank is pleased to announce it has provided a $12 million asset-based credit facility for an aluminum extrusion manufacturing company based in Ohio. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. The company produces a wide range of standard and custom designed aluminum extrusions in several grades of aluminum alloys and tempers.

Oil States International, Inc. (NYSE:OIS) announced today that it has entered into a new $125 million asset-based revolving credit agreement (the "Credit Agreement"). Wells Fargo Bank, National Association is the administrative agent for the Credit Agreement. In addition to Wells Fargo, lenders under the Credit Agreement include Bank of America, National Association, JPMorgan Chase Bank, N.A. and Royal Bank of Canada.

Strategic Venue Partners (SVP), the leading provider of in-building wireless connectivity-as-a-service, has successfully closed a new Senior Secured Credit Facility with TD Securities as lead left arranger and bookrunner on the financing. The facility will be used to fund future wireless infrastructure development with new and existing venue customers. The new commercial lending facility closed on Jan. 26, 2021.

CIBC Innovation Banking is pleased to announce a growth capital facility for Indianapolis-based Bloomerang, Inc. (“Bloomerang”). Bloomerang plans to use the capital for its recent acquisition of Nashville, TN-based Kindful, Inc. (“Kindful”), and to continue its growth momentum.

Ramp today announced $150 million in debt financing from Goldman Sachs to fuel growth for Ramp, a corporate card focused on helping businesses spend less money and automate their finances. Goldman Sachs Bank USA provided the credit line to Ramp. The news follows the appointment of Srinath Srinivasan as Head of Risk at Ramp last month. Srinivasan previously worked at Goldman Sachs and was deeply involved with developing credit underwriting for the Apple Card. Earlier this year, Nik Koblov also joined Ramp to lead Risk and Underwriting Engineering. Before joining Ramp, Koblov served as the VP of Engineering at Affirm and as a Vice President in Credit Technology at Goldman Sachs.

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio of six battery energy storage systems located in Texas. The battery energy storage systems (BESS) are owned by Key Capture Energy LLC, a leading developer, owner and operator of BESS projects in the United States, with an overall development pipeline of more than 2.5 gigawatts in New York, Texas and New England. Key Capture Energy is a portfolio company of sustainable real asset firm Vision Ridge Partners.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced it has provided $25.0 million of liquidity through a senior secured term facility to support a Michigan-based critical sole-source supplier of automotive products. The facility was used to refinance the company’s existing lender and will provide additional working capital and financial flexibility to support the Company’s continued growth.

Citizens M&A Advisory served as the exclusive financial advisor to Thought Logic Consulting, a leading business and technology transformation consulting firm with offices in Atlanta, GA, and Richmond, VA, on its significant growth capital investment from Renovus Capital Partners, a Philadelphia-area private equity firm. The partnership with Renovus will help Thought Logic make additional investments in its team and capabilities, accelerate its planned geographical expansion and seek industry partnerships and acquisitions.

Tiger Group is offering over $11 million (at retail) in commercial foods in a Feb. 23 online auction of the remaining inventory from cruise industry supplier Kansas Marine Co.’s soon-to-close Miami distribution center. The offering features over 40 million pieces of consumable food items, including frozen products, canned goods, proteins, dry food products and bonded items.

U.S. Bank announced today the appointment of Marcus Martin as managing director and head of Environmental, Social, Governance (ESG) for its Fixed Income & Capital Markets business. In his new role, Martin will be responsible for expanding the bank’s Sustainable Capital Markets activities, providing issuer and investor clients with a full range of options to address their ESG needs, including Green Bonds.