ControlRad, Inc., a privately held medical technology company focused on dramatically reducing unnecessary radiation exposure during fluoroscopically guided procedures, announced today that it has entered into a loan and security agreement with Silicon Valley Bank providing access to up to $4 million of capital to the Company. The credit facility will be available for general working capital purposes.

Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a leading online grocery company in Canada, announced the closing of new bank financing totalling $46 million, including a $27.5 million revolving facility (up from $10 million), a $12.5 million term loan facility, and $6 million in additional short-term financing. The financing transaction was led by Desjardins Capital Markets with participation from Investissement Québec.

The growing trend of mergers among rated business development companies (BDCs) has generally improved portfolio diversification, increased first-lien exposures, built asset coverage cushions through lower leverage and should broaden funding profiles, all of which are supportive of credit, Fitch Ratings says. However, these combinations have not had an immediate impact on ratings, as any potential benefits are not expected to materially offset the continued risks and overhang of the economic fallout of the pandemic and the downside risk to overall portfolios.

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 Tom Park has joined the firm as a Managing Director in Los Angeles.

CSE Utility Management Inc., a company controlled by Steven Muzzo, 2158815 Ontario Inc., a company controlled by Douglas Skrepnek, and certain senior management today announced the completion of their acquisition of Cricket Energy Holdings Inc. (“Cricket’), a Canadian provider of smart home energy/metering solutions and consulting services, in a transaction valued at over $200 Million. The transaction was financed by Third Eye Capital.

Sterling National Bank's Commercial Services Group provided a credit line increase to their previous senior secured credit facility now totaling $1,000,000 to 11th Hour Staffing, Inc. (“11th Hour” or the “Company”). The credit facility will provide working capital to further expand and support the Company’s future projected growth.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $1.5 million factoring facility to a service-disabled veteran owned 8(a) company that provides operational and technical engineering support to the US Army Cyber Command.

B. Riley Advisory Services is pleased to announce the addition of Paul Warley to their Atlanta and Dallas offices. Warley joins the firm with over 30 years of experience in restructuring & bankruptcy matters, lender communications, interim management, and investment banking.

Tiger Group is now accepting bids for a Dec. 10 online auction of a steel fabrication facility in South Gate, California that was formerly operated by Metal Supply, Inc. The auction features a beam line, plasma cutter, welders, material handling equipment, crane, vehicles, support equipment and other high-utility assets of interest to businesses in a wide array of sectors.

CIBC Innovation Banking is pleased to announce a US$13 million growth capital financing for Santa Monica-based EZ Texting, a cloud-based platform that enables small and medium sized businesses to confidently grow and keep their customers through their innovative messaging platform. EZ Texting plans to utilize this capital to continue building new product features that will bolster its platform and grow its go-to-market teams.

AlixPartners, the global consulting firm, announced today that Lisa Donahue, Joint Global Head of Turnaround & Restructuring Services (TRS), has received the Harvey R. Miller Outstanding Achievement Award for service to the restructuring industry. The award, sponsored by law and business publisher The Beard Group, annually recognizes leaders in the turnaround and restructuring business who have had stellar careers and pivotal roles in the biggest deals. Lisa is the first woman to receive the award in its 20-year history.

Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $60 million senior secured term loan with RxSight, Inc. (“RxSight” or “the Company”), a privately-held, medical technology company that has commercialized the world’s first and only FDA-approved adjustable intraocular lens (“IOL”) that is customized after cataract surgery. The funds will be used for general working capital, including sales and marketing, and research and development.

Fifth Third Bank, National Association today announced that Executive Vice President Kala Gibson has been named chief enterprise corporate responsibility officer & head of Business Banking. His role is expanding to include responsibility for Community and Economic Development.

Callodine Commercial Finance (“CCF”) recently provided CAD $20 million of financing to support Kingswood Capital Management’s acquisition of MEC, an established retailer, and Canada's go-to place for outdoor gear, know-how, and inspiration. This represents the inaugural transaction completed by CCF on the team’s new platform, after being acquired by Callodine Group.

BNY Mellon High Yield Strategies Fund (NYSE: DHF) (the “Fund”) today announced entry into a new credit facility of up to $125 million with BNP Paribas Prime Brokerage International Limited. The new credit facility replaces the credit facility with the Fund's previous credit facility provider. The credit facility is evergreen, subject to standard notice and termination provisions, and is secured by the Fund’s investments. Borrowings under the new credit facility are at an interest rate of 1-month LIBOR + 90 basis points.

In the nine months since COVID-19 was declared a pandemic, Gibraltar Business Capital has remained committed to providing access to flexible, reliable and fast capital — closing 12 transactions and $130.5 million in new commitments. Credit facilities ranged from $4MM to $20MM and were utilized to support refinances, growth, acquisitions, and recapitalizations. The growth in individual facility sizes reflects Gibraltar’s continued, successful shift upstream towards supporting companies with increased liquidity and working capital needs.

B. Riley Financial, Inc. (“B. Riley”) and 180 Degree Capital Corp. (“180”) today announced that they are taking the steps required to seek significant changes to the composition of the Board of Directors (the “Board”) of Maven (the “Company”). B. Riley and 180 also today expressed their utmost confidence and support for the Company’s management and employees. Last week, B. Riley and 180 sent a letter to the Board requesting the immediate resignation of five of its members. In the letter, B. Riley and 180 noted that in the absence of such resignations, they would file a consent solicitation statement with the Securities and Exchange Commission (“SEC”) to seek consents from holders of at least a majority of the voting power of MVEN securities entitled to vote to remove such directors.

The auction features well-maintained equipment, including: • 2017 Agilent lntuvo 9000 Gas Chromatography System, complete with 7697A Headspace Sampler • 2017 Agilent Ultivo Triple Quadrupole LC/MS System • 2018 Tuttnaur Autoclave, Model EZ11-Plus • Laminar Flow Station • 2017 Waters Preparatory System, Model SFC 350

CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided a $38 million senior secured loan toward the acquisition of an apartment complex in Winter Park, Florida. The property, owned by Phoenix Realty Group (“PRG”) and its investors and affiliated entities, is known as Lakeside at Winter Park and consists of 288 units of garden style apartments on more than 26 acres with amenities including a pool, fitness center, clubhouse and tennis, basketball and volleyball courts. The financing was used for the acquisition and to continue ongoing renovations and improvements at the complex.

Wingspire Capital (“Wingspire”) announced that Allison Adornato has joined as Managing Director and National Head of Underwriting. Ms. Adornato will oversee the underwriting of Wingspire’s asset-based lending (“ABL”) products, which range from $20 million to $200 million in transaction size and include revolving lines of credit, fixed asset term loans and cash flow stretch term loans.