Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $20 million senior secured term loan for an industry-leading full-service equipment rental supplier. The new capital will provide the company with additional liquidity to execute on growth endeavors as it continues to expand into new markets.

O’Keefe is pleased to announce that Marco Eadie has joined the firm as Managing Director to lead the new Corporate Finance practice. Eadie focuses on transaction advisory services including mergers, acquisitions, buy and sell side advisory, debt recapitalizations, corporate development, restructurings, divestitures, and event-driven financing for both private and publicly held companies.

Moody's credit analysts have published the attached outlook for the residential mortgage-backed securities market for 2021. This outlook covers all sub-sectors of RMBS rated by Moody's including prime jumbo, non-prime, GSE credit risk transfer and single-family rental transactions.

Marino joined NMC in 2015 and has been serving as both an account executive and underwriter. Karen is committed not only to NMC but is very active outside of work. She is on the board of the Secured Finance Network (SFNet) New Jersey Chapter, is currently Vice Chair of the National SFNet Yo Pro Committee, and serves on SFNet’s Education Committee. She is also a past recipient of the SFNet 40 Under 40 Award.

Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in lower-middle market manufacturing and industrial companies facing unique operational and financial challenges, announced it has acquired the business and assets of Arandell Corporation ("Arandell") through a newly-formed affiliate. Saothair completed the transaction after partnering with existing lender Farragut Capital Partners to be named stalking-horse bidder pursuant to a 363 sale of assets under Chapter 11 of the U.S. Bankruptcy Code.

Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Jim Franks has joined the firm as a Managing Director in Dallas.

Clearbanc, the world's largest e-commerce investor and funding platform, and Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced a new partnership to accelerate the growth of US-based early-stage technology companies. Clearbanc expects to deploy more than $50 Million in non-dilutive capital to SVB's US-based Startup Banking software and e-commerce clients to help advance their businesses.

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of 3Cloud, LLC (“3Cloud”), a portfolio company of Gryphon Investors. Founded in 2016 and headquartered in Downers Grove, Illinois, 3Cloud is a leading provider of strategic advisory and technical services for the Microsoft Azure cloud platform. The company provides "the ultimate Azure experience" by guiding clients in their journey to adoption and modernization within the Microsoft Azure platform.

Lannett Company, Inc. (NYSE: LCI) today announced the closing of a $30 million asset-backed revolving credit facility with Wells Fargo Bank, National Association.

Bird Construction Inc. ("Bird") today announced that it has entered into a three-year, $200 million committed, Syndicated Credit Facility (the "Credit Facility") with Bank of Montreal ("BMO") as the lead arranger, bookrunner and administrative agent, and includes The Toronto-Dominion Bank, ATB Financial and Canadian Imperial Bank of Commerce as syndicate lenders (the "Lenders").

Nesco Holdings, Inc. (NYSE: NSCO, "Nesco" or the "Company") today announced it has entered into a definitive agreement to acquire Custom Truck One Source ("CTOS") for a purchase price of $1.475 billion. Nesco and CTOS are leading providers of specialized truck and heavy equipment solutions including rental, sales and aftermarket parts and service. J.P. Morgan Securities LLC is serving as financial advisor to Nesco and Latham & Watkins LLP is serving as legal counsel. Citi is serving as financial advisor to CTOS and Kirkland & Ellis LLP is serving as legal counsel. Debt financing commitments have been obtained by Bank of America, who will be leading the financing. Hughes Hubbard & Reed LLP is serving as legal counsel to Platinum.

Led by Arrowroot Capital and Runway Growth Capital, the funding will fuel continued international growth, future acquisitions and expansion of core products and services

Loan pricing and terms reflect healthier market conditions for large and mid-sized players Financing for restaurant franchise operators in the large and middle-tier segments has mostly bounced back to what it had been before the onset of the COVID-19 pandemic, according to Brian Geraghty, head of Restaurant Finance at Mitsubishi UFJ Financial Group (MUFG).

Crestmark secured a total of $1,800,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $11,790,009 in three new lease transactions; Crestmark Vendor Finance provided $4,592,541 in 49 new lease transactions; the Joint Ventures Division provided $21,490,800 in financing for one new client; the Government Guaranteed Lending group provided $5,150,000 in financing for two new clients in the second half of November.

Imperial Capital Group, LLC (“Imperial Capital”) announced today the hiring of Amer Tiwana who will be charged with leading its sales & trading desk analysis strategy in distressed and special situations. Mr. Tiwana, an investment analyst with nearly 20 years on Wall Street, is based in Stamford, CT and reports to Tim Sullivan, President of Imperial Capital. This new hire is part of Imperial Capital’s efforts to expand and deepen its alternative credit strategy which provides distressed and esoteric asset solutions to institutional investors in the U.S. and the EEA.

Welsh, Carson, Anderson & Stowe ("WCAS"), a leading private equity firm focused exclusively on the healthcare and technology industries, announced today that it has named Nick O'Leary as a new General Partner. WCAS has successfully built many enduring healthcare companies over the past four decades, having invested approximately $10 billion of equity in over 90 healthcare companies through its 13 equity funds.

Epiq, a global leader in legal services, released its November bankruptcy filing statistics from its AACER business. The total number of new U.S. bankruptcy filings across all chapters was 34,440 for the month, which is the lowest monthly total since January 2006. New Chapter 11 commercial filings in November were up 40% with 654 new cases compared to 449 from the same period last year.

ORBCOMM Inc., a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a $200 million five-year term loan facility and a $50 million revolving credit facility. JPMorgan Chase Bank, N.A., acted as Administrative Agent, Lead Arranger and Joint Bookrunner for the financing. Funding was provided through a syndicate of banks.

Company Obtains $25 Million in Financing to Facilitate Sale Process While Continuing to Serve Customers in the Ordinary Course Process Aimed at Addressing Lease Obligations, Positioning the Company for New Ownership for Long-Term and Brand Sustainability

BlastOne International is a privately held company specializing in the provision of leading products and services to the corrosion control industry throughout North American and Asia Pacific. The Company is considered a global leader in abrasive and industrial coating equipment, equipment design and consumables, providing corrosion protection training, protective and safety gear and supplies to contractors, major metal fabricators and asset owners.