-
Liberty Hall Capital Partners Acquires Comply365
December 14, 2020Liberty Hall was advised by Spurrier Capital Partners, while financing for the acquisition was provided by Ally Finance, Fidus Investment Corporation and RF Investment Partners. Legal advice to Liberty Hall was provided by Gibson Dunn & Crutcher. Comply365 was advised by AGC Partners. Legal advice to Luminate and Comply365 was provided by Kirkland & Ellis.
-
CytoSorbents Pays Off $15M Term Loans and Establishes New Undrawn $15M Loan Commitment with Bridge Bank
December 14, 2020CytoSorbents Corporation (NASDAQ: CTSO) is a leader in blood purification to treat cytokine storm and deadly inflammation in life-threatening illnesses with its flagship product, CytoSorb. CytoSorb is approved in the European Union and distributed in 58 countries worldwide. (PRNewsfoto/CytoSorbents Corporation) CytoSorbents Corporation (NASDAQ: CTSO), a critical care immunotherapy leader commercializing its CytoSorb® blood purification technology to treat deadly inflammation in critically ill and cardiac surgery patients around the world, announces it has closed on the Third Amendment (the "Amendment") of its Amended Loan and Security Agreement with Bridge Bank.
-
Office Sector ‘Workout Mode’ to Persist for Two Years or More, Advises A&G Executive
December 14, 2020Office tenants will be in tough negotiations with landlords for the next two years or more—and that means they need to be strategic about securing concessions that lower their occupancy costs, writes Andy Graiser of A&G Real Estate Partners (A&G) in a column for Commercial Property Executive. Fortunately, both landlords and their lenders are starting to show more flexibility in negotiations, writes Graiser, who has decades of experience in real estate lease restructurings, dispositions, valuations and acquisitions. “Office landlords around the country are confronting a stark choice—either shift into ‘workout mode’ or risk losing important tenants for good.”
-
DLL to Provide Financing to Truck Camper Manufacturer, Northern Lite
December 14, 2020DLL, global asset finance company for equipment and technology, has partnered with Northern Lite a manufacturer of high quality 4-season truck campers. Recreational vehicle dealers will now have the benefit and option of financing their Northern Lite inventory purchases with DLL anywhere in North America. Northern Lite is known throughout the RV industry for quality, workmanship, high-end fit and fiberglass finish on all products, including the new Boreal fiberglass travel trailer.
-
Comments on Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 of the Dodd-Frank Act Governing Small Business Lending Data Collection and Reporting
December 14, 2020In September, SFNet issued an alert pertaining to CFPB Section 1071, requesting members respond to CFPB’s invitation to comment by December 14th. The measure could prove to be unduly burdensome to the vast majority of small and mid-sized finance companies that provide credit to small businesses. With the assistance of SFNet members serving on the 1071 Subcommittee, SFNet has submitted a comment letter requesting specific exemptions for relevant asset classes.
-
Wolters Kluwer’s Annual Indicator Survey Shows Significant Risk, Compliance Concerns for U.S. Lenders
December 14, 2020Regulatory compliance and risk concerns remain high in a number of key areas for U.S. banks and credit unions, according to the results of Wolters Kluwer’s 2020 Regulatory & Risk Management Indicator survey. This year’s survey, conducted by Wolters Kluwer’s Compliance Solutions business, generated a Main Indicator Score of 103, an eight-point increase over the 2019 score. This was influenced by concerns about managing regulatory change, mortgage-related regulations, and U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act requirements.
-
J D Factors Announces Factoring Facilities
December 14, 2020J D Factors announced it provided the following factoring facilities: $120,000 to a transportation company in Illinois; $1,500,000 to a transportation company in British Columbia; $200,000 to a transportation company in New Jersey' $100,000 to a transportation company in Ontario and more.
-
Austin Financial Services Provides a $1.3MM Revolving Facility to a Private Equity Owned Technology Manufacturing and Engineering Company
December 14, 2020Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $1.3MM revolving A/R and inventory facility to a private equity owned Technology Manufacturing and Engineering Company. The Company’s ownership plans to grow and expand the business by leveraging shared relationships from the common ownership of their portfolio companies. As the equity group looks to expand its ownership of companies in the consumer goods market, they once again called on AFS - a tried and tested lending partner with a proven track record of providing customized and flexible financing solutions.
-
Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt
December 14, 2020Wells Fargo Bank, National Association, Manufacturers and Traders Trust Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as Co-Lead Arrangers and Joint Bookrunners on the amended credit facilities, which consist of a US$75 million term loan and a US$50 million revolver. The principal amount outstanding under the term loan was reduced from US$121 million to US$75 million in connection with the amendment to the credit facilities.
-
FTI Consulting Bolsters Health Solutions Practice with Seven Senior Appointments
December 14, 2020FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of seven professionals to its Health Solutions practice, including Senior Managing Directors James Fisher, Julie Kliger and Kevin McCadden, and Managing Directors Matthew Leshy, Juliana Malhotra, Patterson Shafer and Amy Showalter.
-
Uniti Group Inc. Announces Refinancing of its Revolving Credit Facility
December 14, 2020Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today that it has entered into an amendment to its credit agreement that upsizes commitments from new and existing lenders under its senior secured revolving credit facility to $500 million. Under these commitments, the covenants have been revised to provide Uniti greater flexibility in pursuing its strategic initiatives, and, subject to certain conditions, the maturity date has been extended to December 10, 2024 with substantially improved pricing. Bank of America acted as Left Lead Arranger and Bookrunner on the transaction.
-
Accord Financial Adds to Leadership Team Strengthening Commitment to Simplify Access to Capital
December 14, 2020As the organization continues to build and grow its advanced technological platforms meeting client needs with innovative solutions, Accord Financial Corp., one of the U.S. and Canada's leading independent finance companies ("Accord") (TSX: ACD) announced two new members of the executive leadership. Barrett Carlson, Senior Vice President, Corporate Development, will oversee all aspects of the company's growth, development and marketing. Eric Starr, Senior Vice President, Program Operations and Risk, is spearheading Accord's strategic and digital transformation.
-
Ahold Delhaize Announces €1 Billion Sustainability-Linked Revolving Credit Facility
December 14, 2020Ahold Delhaize today announces that it has successfully closed a €1 billion, Sustainability-linked Revolving Credit Facility (the ‘Facility’), refinancing its existing 2015-dated €1 billion facility. The Facility is an important milestone that highlights how Ahold Delhaize is reinforcing the alignment of its funding strategy and its commitments laid out in its Healthy & Sustainable ambition. ABN AMRO and Société Générale acted as Coordinators and Sustainability Coordinators on the Facility.
-
Audax Private Debt and Adams Street Partners Provide Financing to Support Freeman Spogli’s Acquisition of US Med-Equip
December 14, 2020Audax Private Debt and Adams Street Partners, as Joint Lead Arrangers, provided a unitranche credit facility to support Freeman Spogli’s acquisition of US Med-Equip (“USME” or the “Company”), a value-added distributor and rental provider of movable medical equipment. Varagon Capital Partners and Madison Capital Funding, as joint syndication agents, and Willow Tree Credit Partners also supported the financing. Audax Private Debt also served as Administrative and Collateral Agent.
-
Piper Sandler Acquires Restructuring Team with Addition of TRS Advisors
December 14, 2020Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has entered into a definitive agreement to acquire TRS Advisors. TRS Advisors is an independent advisory firm focused on advising and executing restructurings, reorganizations and other complex financial transactions for public, private and governmental clients.
-
Jefferies Group and Hildene Capital to Invest in Equity of CLOs Managed by Carlson Capital
December 14, 2020Carlson Capital, L.P. (“Carlson”), an alternative asset management firm, today announced that it reached a strategic agreement with Jefferies Group LLC (“Jefferies”) and structured credit investor Hildene Capital Management, LLC (“Hildene”) to support the new issuance of CLOs on Carlson’s Cathedral Lake platform. Under the terms of the agreement, Jefferies and Hildene will provide CLO equity capital to support the new issuance of four Carlson CLOs within the next three years. As strategic investors, Jefferies and Hildene will share in the growth of the Cathedral Lake CLO platform.
-
Hawks Announce Historic Agreement With Black-Owned Banks
December 14, 2020Earlier today, the Atlanta Hawks announced that it has agreed to refinance the construction loan for the Emory Sports Medicine Complex with a syndicate of Black-owned banks. The $35 million loan marks the first time a professional sports franchise has had a significant loan underwritten exclusively by Black banks. The groundbreaking transaction was facilitated with the support of the newly-formed National Black Bank Foundation, which organized a syndication team to structure the deal. Georgia-based Carver State Bank served as the syndicate’s Lead Arranger. By partnering with the Black bank syndicate, the Hawks are both demonstrating that Black banks can compete with money center banks for commercial loans as well as using the Club’s strong credit rating to bolster the capital cushion for Black banks so that they can better serve their traditional customer base.
-
Oxford Finance Provides Credit Facility to DCN Dx
December 14, 2020Oxford 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 senior credit facility and revolving line of credit to DCN Dx (or “the Company”), a lateral flow diagnostics developer. The proceeds are being used to support growth initiatives and were made alongside an equity investment in DCN Dx by Martis Capital, a private equity firm focused exclusively on the healthcare industry. Oxford Finance is the sole lead arranger and administrative agent in this transaction.
-
Assembled Brands Announces New $1 Million Senior Secured Credit Facility with Ranch Rider Spirits Co.
December 14, 2020Assembled Brands announced it provided a new $1 million senior secured credit facility with Ranch Rider Spirits Co. a high-quality, health-focused, canned tequila cocktail brand. Through this partnership, the Austin-based spirits company will be able to accelerate their growth profile through investments in supply chain, marketing, and logistics in 2021.
-
Venus Concept Announces Debt Refinancing
December 10, 2020Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, announced today that it has amended its existing revolving credit facility with City National Bank of Florida (“CNB”) and successfully refinanced its long-term debt obligations. Specifically, the Company secured a new loan with CNB in the aggregate amount of $50.0 million as part of the Main Street Priority Loan Facility established by the Board of Governors of the Federal Reserve System Section 13(3) of the Federal Reserve Act.
-
Liberty Hall Capital Partners Acquires Comply365
December 14, 2020Liberty Hall was advised by Spurrier Capital Partners, while financing for the acquisition was provided by Ally Finance, Fidus Investment Corporation and RF Investment Partners. Legal advice to Liberty Hall was provided by Gibson Dunn & Crutcher. Comply365 was advised by AGC Partners. Legal advice to Luminate and Comply365 was provided by Kirkland & Ellis.
-
CytoSorbents Pays Off $15M Term Loans and Establishes New Undrawn $15M Loan Commitment with Bridge Bank
December 14, 2020CytoSorbents Corporation (NASDAQ: CTSO) is a leader in blood purification to treat cytokine storm and deadly inflammation in life-threatening illnesses with its flagship product, CytoSorb. CytoSorb is approved in the European Union and distributed in 58 countries worldwide. (PRNewsfoto/CytoSorbents Corporation) CytoSorbents Corporation (NASDAQ: CTSO), a critical care immunotherapy leader commercializing its CytoSorb® blood purification technology to treat deadly inflammation in critically ill and cardiac surgery patients around the world, announces it has closed on the Third Amendment (the "Amendment") of its Amended Loan and Security Agreement with Bridge Bank.
-
Office Sector ‘Workout Mode’ to Persist for Two Years or More, Advises A&G Executive
December 14, 2020Office tenants will be in tough negotiations with landlords for the next two years or more—and that means they need to be strategic about securing concessions that lower their occupancy costs, writes Andy Graiser of A&G Real Estate Partners (A&G) in a column for Commercial Property Executive. Fortunately, both landlords and their lenders are starting to show more flexibility in negotiations, writes Graiser, who has decades of experience in real estate lease restructurings, dispositions, valuations and acquisitions. “Office landlords around the country are confronting a stark choice—either shift into ‘workout mode’ or risk losing important tenants for good.”
-
DLL to Provide Financing to Truck Camper Manufacturer, Northern Lite
December 14, 2020DLL, global asset finance company for equipment and technology, has partnered with Northern Lite a manufacturer of high quality 4-season truck campers. Recreational vehicle dealers will now have the benefit and option of financing their Northern Lite inventory purchases with DLL anywhere in North America. Northern Lite is known throughout the RV industry for quality, workmanship, high-end fit and fiberglass finish on all products, including the new Boreal fiberglass travel trailer.
-
Comments on Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 of the Dodd-Frank Act Governing Small Business Lending Data Collection and Reporting
December 14, 2020In September, SFNet issued an alert pertaining to CFPB Section 1071, requesting members respond to CFPB’s invitation to comment by December 14th. The measure could prove to be unduly burdensome to the vast majority of small and mid-sized finance companies that provide credit to small businesses. With the assistance of SFNet members serving on the 1071 Subcommittee, SFNet has submitted a comment letter requesting specific exemptions for relevant asset classes.
-
Wolters Kluwer’s Annual Indicator Survey Shows Significant Risk, Compliance Concerns for U.S. Lenders
December 14, 2020Regulatory compliance and risk concerns remain high in a number of key areas for U.S. banks and credit unions, according to the results of Wolters Kluwer’s 2020 Regulatory & Risk Management Indicator survey. This year’s survey, conducted by Wolters Kluwer’s Compliance Solutions business, generated a Main Indicator Score of 103, an eight-point increase over the 2019 score. This was influenced by concerns about managing regulatory change, mortgage-related regulations, and U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act requirements.
-
J D Factors Announces Factoring Facilities
December 14, 2020J D Factors announced it provided the following factoring facilities: $120,000 to a transportation company in Illinois; $1,500,000 to a transportation company in British Columbia; $200,000 to a transportation company in New Jersey' $100,000 to a transportation company in Ontario and more.
-
Austin Financial Services Provides a $1.3MM Revolving Facility to a Private Equity Owned Technology Manufacturing and Engineering Company
December 14, 2020Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $1.3MM revolving A/R and inventory facility to a private equity owned Technology Manufacturing and Engineering Company. The Company’s ownership plans to grow and expand the business by leveraging shared relationships from the common ownership of their portfolio companies. As the equity group looks to expand its ownership of companies in the consumer goods market, they once again called on AFS - a tried and tested lending partner with a proven track record of providing customized and flexible financing solutions.
-
Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt
December 14, 2020Wells Fargo Bank, National Association, Manufacturers and Traders Trust Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as Co-Lead Arrangers and Joint Bookrunners on the amended credit facilities, which consist of a US$75 million term loan and a US$50 million revolver. The principal amount outstanding under the term loan was reduced from US$121 million to US$75 million in connection with the amendment to the credit facilities.
-
FTI Consulting Bolsters Health Solutions Practice with Seven Senior Appointments
December 14, 2020FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of seven professionals to its Health Solutions practice, including Senior Managing Directors James Fisher, Julie Kliger and Kevin McCadden, and Managing Directors Matthew Leshy, Juliana Malhotra, Patterson Shafer and Amy Showalter.
-
Uniti Group Inc. Announces Refinancing of its Revolving Credit Facility
December 14, 2020Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today that it has entered into an amendment to its credit agreement that upsizes commitments from new and existing lenders under its senior secured revolving credit facility to $500 million. Under these commitments, the covenants have been revised to provide Uniti greater flexibility in pursuing its strategic initiatives, and, subject to certain conditions, the maturity date has been extended to December 10, 2024 with substantially improved pricing. Bank of America acted as Left Lead Arranger and Bookrunner on the transaction.
-
Accord Financial Adds to Leadership Team Strengthening Commitment to Simplify Access to Capital
December 14, 2020As the organization continues to build and grow its advanced technological platforms meeting client needs with innovative solutions, Accord Financial Corp., one of the U.S. and Canada's leading independent finance companies ("Accord") (TSX: ACD) announced two new members of the executive leadership. Barrett Carlson, Senior Vice President, Corporate Development, will oversee all aspects of the company's growth, development and marketing. Eric Starr, Senior Vice President, Program Operations and Risk, is spearheading Accord's strategic and digital transformation.
-
Ahold Delhaize Announces €1 Billion Sustainability-Linked Revolving Credit Facility
December 14, 2020Ahold Delhaize today announces that it has successfully closed a €1 billion, Sustainability-linked Revolving Credit Facility (the ‘Facility’), refinancing its existing 2015-dated €1 billion facility. The Facility is an important milestone that highlights how Ahold Delhaize is reinforcing the alignment of its funding strategy and its commitments laid out in its Healthy & Sustainable ambition. ABN AMRO and Société Générale acted as Coordinators and Sustainability Coordinators on the Facility.
-
Audax Private Debt and Adams Street Partners Provide Financing to Support Freeman Spogli’s Acquisition of US Med-Equip
December 14, 2020Audax Private Debt and Adams Street Partners, as Joint Lead Arrangers, provided a unitranche credit facility to support Freeman Spogli’s acquisition of US Med-Equip (“USME” or the “Company”), a value-added distributor and rental provider of movable medical equipment. Varagon Capital Partners and Madison Capital Funding, as joint syndication agents, and Willow Tree Credit Partners also supported the financing. Audax Private Debt also served as Administrative and Collateral Agent.
-
Piper Sandler Acquires Restructuring Team with Addition of TRS Advisors
December 14, 2020Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has entered into a definitive agreement to acquire TRS Advisors. TRS Advisors is an independent advisory firm focused on advising and executing restructurings, reorganizations and other complex financial transactions for public, private and governmental clients.
-
Jefferies Group and Hildene Capital to Invest in Equity of CLOs Managed by Carlson Capital
December 14, 2020Carlson Capital, L.P. (“Carlson”), an alternative asset management firm, today announced that it reached a strategic agreement with Jefferies Group LLC (“Jefferies”) and structured credit investor Hildene Capital Management, LLC (“Hildene”) to support the new issuance of CLOs on Carlson’s Cathedral Lake platform. Under the terms of the agreement, Jefferies and Hildene will provide CLO equity capital to support the new issuance of four Carlson CLOs within the next three years. As strategic investors, Jefferies and Hildene will share in the growth of the Cathedral Lake CLO platform.
-
Hawks Announce Historic Agreement With Black-Owned Banks
December 14, 2020Earlier today, the Atlanta Hawks announced that it has agreed to refinance the construction loan for the Emory Sports Medicine Complex with a syndicate of Black-owned banks. The $35 million loan marks the first time a professional sports franchise has had a significant loan underwritten exclusively by Black banks. The groundbreaking transaction was facilitated with the support of the newly-formed National Black Bank Foundation, which organized a syndication team to structure the deal. Georgia-based Carver State Bank served as the syndicate’s Lead Arranger. By partnering with the Black bank syndicate, the Hawks are both demonstrating that Black banks can compete with money center banks for commercial loans as well as using the Club’s strong credit rating to bolster the capital cushion for Black banks so that they can better serve their traditional customer base.
-
Oxford Finance Provides Credit Facility to DCN Dx
December 14, 2020Oxford 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 senior credit facility and revolving line of credit to DCN Dx (or “the Company”), a lateral flow diagnostics developer. The proceeds are being used to support growth initiatives and were made alongside an equity investment in DCN Dx by Martis Capital, a private equity firm focused exclusively on the healthcare industry. Oxford Finance is the sole lead arranger and administrative agent in this transaction.
-
Assembled Brands Announces New $1 Million Senior Secured Credit Facility with Ranch Rider Spirits Co.
December 14, 2020Assembled Brands announced it provided a new $1 million senior secured credit facility with Ranch Rider Spirits Co. a high-quality, health-focused, canned tequila cocktail brand. Through this partnership, the Austin-based spirits company will be able to accelerate their growth profile through investments in supply chain, marketing, and logistics in 2021.
-
Venus Concept Announces Debt Refinancing
December 10, 2020Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, announced today that it has amended its existing revolving credit facility with City National Bank of Florida (“CNB”) and successfully refinanced its long-term debt obligations. Specifically, the Company secured a new loan with CNB in the aggregate amount of $50.0 million as part of the Main Street Priority Loan Facility established by the Board of Governors of the Federal Reserve System Section 13(3) of the Federal Reserve Act.
© 2026 Secured Finance Network


.jpg?sfvrsn=f1093d2a_0)
