KTC was contacted by a referral partner who was hired to seek capital for a New York based apparel brand in need of capital to fund its’ growing inventory need to fulfill growing sales. KTC was able to quickly assess the Client’s in-house pre-sold inventory and their supply chain finance needs and KTC offered a full trade cycle finance solution to help the Client execute upon the doubling their sales in 2021.

Paper Source, which sells greeting cards, paper goods and custom invitations, filed for Chapter 11 bankruptcy protection on Tuesday after sales plummeted due to the pandemic. The move marks a reversal for a company that was expanding as recently as a year ago, having acquired some from its liquidating rival Papyrus right before COVID-19 hit. It also marks another setback for the greeting card industry, which has been slumping in recent years amid the rise of digital competition.

Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that the maturity date applicable to the Company's credit facility has been extended to April 30, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before April 30, 2021.

Fourth Quarter 2020 Financial Highlights: Paid quarterly dividend of $0.25 per share; Current annual cash dividend yield to shareholders of approximately 10.5%1; Shares trading at a Price to NAV of 0.86x2; Net investment income of $5.3 million, or $0.25 per share...

Context Business Lending, LLC ("CBL") a family office-backed leading, national asset-based lender becoming increasingly well known for disrupting non-bank Asset Based Lending ("ABL") industry, announced today the launch of its official E-Commerce Division. With online retail sales skyrocketing as a result of the Pandemic, many E-commerce companies and distribution centers have found themselves without viable working capital solutions to help facilitate that growth. CBL has designed an offering to specifically address the needs of E-Commerce companies.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $1.25 million purchase order finance facility to support the production financing requirements of a New York-based importer and distributor of kitchen and cookware products.

DLL, global asset finance company for equipment and technology, has partnered with Winnebago Industries, manufacturer of outdoor lifestyle products used primarily in leisure travel and outdoor recreation activities. Dealers of Winnebago, Grand Design and Newmar recreational vehicle branded product will now have the benefit and option of financing floorplan and inventory purchases with a DLL line of credit, anywhere in North America.

Mitsubishi UFJ Financial Group (MUFG) is announcing today that it has acted as a structuring lead on Starwood Property Trust Inc.'s first project finance collateralized loan obligation (CLO) – STWD 2021-SIF1. The deal also represents MUFG's first structuring lead mandate on a project finance CLO backed by a pool of $500 million project finance and corporate infrastructure loans secured primarily by long-term, critical, core infrastructure projects. STWD 2021-SIF1 was designed to optimize Starwood's portfolio management strategy while leveraging MUFG's experience and deep technical expertise in project finance loans.

CVG (NASDAQ: CVGI), announced that effective today, it has amended its $90.0 million asset-based Revolving Credit Facility (the "ABL Facility") with Bank of America, N.A., as agent, and certain financial institutions as lenders, extending its maturity date to March 1, 2026.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Walker Magnetics Group, Inc. (“Walker Magnetics” or the “Company”) to Industrial Magnetics, Inc. (“IMI”), a portfolio company of DNS Capital, LLC (“DNS”). Prior to the sale, Walker Magnetics was owned by Alliance Holdings, Inc. (“Alliance Holdings”), a private investment firm based in Horsham, PA.

BOK Financial has named Stacy Kymes Chief Operating Officer with responsibility for all revenue-generating divisions. Kymes, who has been with the company for almost 25 years, previously served as executive vice president over all specialized banking areas, including energy, commercial real estate, healthcare, treasury services and TransFund.

Sandra Whalen has joined WSFS Institutional Services®, a division of WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), as Senior Vice President, Business Development Officer. Reporting to WSFS’ Executive Vice President and Chief Wealth Officer Arthur J. Bacci, Whalen’s primary focus is to strengthen and grow client relationships, help develop new products and work closely with the Corporate Trust team.

FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Miriam Wrobel as a Senior Managing Director in the Power & Renewables practice within the Corporate Finance & Restructuring segment at FTI Consulting, enhancing the firm’s clean energy strategic advisory offerings for clients throughout the deal lifecycle.

The client is a Hawaiian-based loungewear company. With the unprecedented explosion of people working from home precipitated by the pandemic, workers are retiring their suits for something more comfortable to weather uncomfortable times. While many in the apparel industry experienced drastic reductions in sales volume, the popular shift to loungewear has increased sales for at least this small segment of apparel wholesalers, including some others in similar categories like athletic apparel and gear.

Wells Fargo Corporate & Investment Banking (CIB), a division of Wells Fargo & Company (NYSE: WFC), today announced that it has appointed Geneviève Piché to lead Banking Environmental, Social, and Governance (ESG) Solutions. In this newly created role, Piché will drive a cohesive approach to meet accelerated demand for ESG products in the Corporate and Investment Bank, spanning debt capital markets, equity capital markets, public finance, lending, M&A advisory, cash management products, and liquidity.

Facing a major cash crunch, MobiTV has filed for voluntary Chapter 11 bankruptcy and the pursuit of a process that could result in the pay-TV tech vendor selling most of its assets. MobiTV said it has secured some critical financing to facilitate the restructuring along with assurances that its customers, which include T-Mobile and dozens of small and midsized cable operators, will continue to be served as the process plays out

Ruby Tuesday, the iconic bar-and-grill chain, has emerged from federal bankruptcy protection with less debt and a lot fewer restaurants. The Maryville, TN-based chain, whose decline over the past 15 years has been a symbolic demonstration of the challenges faced by ’80s-era, mall-focused casual-dining restaurants, has 209 locations after the bankruptcy process allowed the company to shed leases and close restaurants.

Credit risk for those U.S. banks and non-bank entities active in corporate lending is rising, as seen in the shared national credit (SNC) regulatory report released on Feb. 22, with “non-pass” loans increasing to 12.4% of SNC-reported commitments at 3Q20 from 6.9% a year before. However, while criticized loans increased as a result of the pandemic-induced economic fallout and lender exposure to affected industries, they remain well below the 2009 peak of 22%. Credit risks to U.S. banks appear manageable over the near to medium term, thanks in part to their primary focus on investment-grade lending exposure, as well as fiscal support measures and the corresponding and rapid growth of loan loss reserves, Fitch Ratings says.

Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a $9 million venture loan facility to Primary Kids, Inc. ("Primary"), of which $6 million has been initially funded.

White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to welcome Robert Mocerino as Senior Vice President, Managing Director of Staffing and Government Originations. He will be based in New York with national coverage responsibilities reporting to Bob Grbic, President & CEO of White Oak Commercial Finance.