Kevin Gooch has joined Holland & Knight's Atlanta office as a partner in the firm's Financial Services Practice Group. Mr. Gooch represents financial institutions, corporate borrowers and private equity funds in complex finance and restructuring transactions. He previously was a partner at DLA Piper LLP (US).

Compute North, an industry leader in economical, large-scale computing infrastructure and cryptocurrency mining, announced this week that it has closed its next growth capital round of $25 million in debt financing and equity to expand capacity and enable further growth. With more than 920 PH/s under management, the company expects to see that nearly double with the upcoming development.

Otterbourg P.C. announced today that Erik B. Weinick and Chad B. Simon have been promoted to Members of the firm. A member of Otterbourg’s Bankruptcy and Litigation Groups, Mr. Weinick is also co-founder of the firm’s Privacy & Cybersecurity practice. He has represented a wide range of commercial and financial firms, entrepreneurs, individuals, as well as domestic and foreign government agencies before regulators, state and federal courts, and alternative dispute resolution tribunals.

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.

Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.3 billion in commitments across 68 transactions during the fourth quarter and approximately $13.7 billion in commitments across 163 transactions for the full year 2020.

White Oak Commercial Finance ("White Oak") is pleased to announce the hiring of Fridolf Hanson as a Managing Director and Business Development Officer of its expanded ABL and Lender Finance platform. This is one of three new senior BDO positions created to join the existing five-member Originations team, which focuses on sourcing transactions with committed capital needs ranging from $15 - $250 million. He will report to Vice Chairman, Andrew McGhee.

First Horizon Business Credit, the ABL Division of First Horizon Bank, provided a $35MM Line of Credit to Standard Premium Finance Management Corporation, a Florida-based premium finance company. The Facility is secured by accounts receivable and offers the Company additional flexibility for its ongoing growth.

Glenn Thomas, president of Pathway Capital Corp., announced that his firm closed a $7 million senior secured revolving credit facility to a regional trucking and warehousing company in northern New Jersey. Pathway acted as the sole arranger. The revolving line of credit is collateralized by accounts receivable and inventory, and is being used by the logistics company to finance its ongoing working capital needs.

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.