CIBC Innovation Banking is pleased to announce growth capital financing for Toronto and Palo Alto-based Taplytics Inc. (“Taplytics”), a single platform for both enterprise marketers and engineers to optimize the entire digital customer experience. The additional capital will help accelerate Taplytics’ customer acquisition strategy and growth plans across North America and Europe.

Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, announced the sale of the intellectual property assets of Stein Mart and the execution of a stalking horse bid for the assets. The assets available for sale include the Stein Mart® brand as well as its treasured private label brands, domain names, social media assets, and customer data.

MidCap Business Credit announced today that it has completed a $2.5 million asset-based credit facility to UG Plast, Inc. Headquartered in York, PA , UG Plast , Inc. is a manufacturer of multi-wall polycarbonate, solid polycarbonate, and corrugated polypropylene sheets selling to distributors. These distributors serve construction, printing display, sign, medical, industrial packaging, and OEM markets.

CIT Group Inc. (NYSE: CIT) that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a senior secured credit facility for Arizona Nutritional Supplements LLC, a portfolio company of Endeavour Capital. Arizona Nutritional Supplements, founded in 1996 and headquartered in Chandler, Arizona, is a leading contract and private label manufacturer of vitamins, minerals and supplements in a range of sizes and formats, including tablets, capsules, soft gels and powders.

Ares Commercial Finance announced that it has provided a $100 million senior secured credit facility to Pace Industries, LLC, an entity owned by funds and accounts managed by TCW Asset Management Company and by affiliated funds and accounts of Cerberus Capital Management, L.P. Headquartered in Fayetteville, Arkansas, Pace Industries is one of North America’s largest high-pressure aluminum, magnesium and zinc die casting companies serving over 400 OEMs/Tier 1 customers.

eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, today announced the company has provided a $5 million factoring facility to an importer and distributor of wine and spirits. The beverage company will use the factoring facility to support the company’s new imported product available for purchase from major retailers such as Costco, Total Wine & More, and BevMo!, among others in select states across the United States.

Phillips Pet Food & Supplies (“Phillips”), the national leader in pet food and supplies distribution, today announced it has completed a comprehensive refinancing, including more than $20 million of new investment capital from a group of existing investors. Phillips also established an expanded revolving credit facility led by Wells Fargo Bank, NA. This facility provides a significant liquidity increase from the Company’s previous revolving credit facility.

Gordon Brothers, the global advisory, restructuring and investment firm, scales up its special situations lending and investment platform through the addition of half a dozen key industry veterans from leading lending institutions across the globe. In conjunction with the expanding team and enhanced platform, Gordon Brothers sold its minority interest in Gordon Brothers Finance Company (“GBFC”), a private commercial finance company on November 3.

SB360 Capital Partners, one of the country’s leading asset disposition specialists, announced the start of “Total Inventory Blowout” sales in 85 Justice stores as well as the e-commerce site at www.shopjustice.com. SB360 will be the exclusive consultant to assist Justice as they conduct these sales. Justice is a destination store for tween girls, offering a large selection of tween fashion merchandise and accessories at affordable prices.

J D Factors announced it has provided the following factoring facilities: $75,000 to a transportation company in Quebec; $1,500,000 to a telecommunications company in Florida; $150,000 to a transportation company in Ontario; $200,000 to a transportation company in New Jersey and $350,000 to a transportation company in Illinois.

BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets boutique investment bank, is pleased to announce a new senior hire to its Debt Capital Markets team.

King Trade Capital is pleased to announce the completion of a $4.5 million purchase order-based supply chain finance facility for a New York based PPE distributor importing medical gowns to be delivered to the US Government. King Trade was contacted by a nationwide asset-based lender that was asked to help find a PO Finance partner to finance the gown company’s large contract awarded by the US Government. The government contract created a supply chain finance need to help the client pay for the production of gowns manufactured in China and ship them to the US.

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Michigan based grower and processor. The proceeds are being used to fund the company’s growth and expand their facilities.

Hilco Global has issued a midstream Q4 2020 report regarding the impact of the ongoing pandemic on the TV/Film/Broadcast and Concert/Theater/Tradeshow segments of the audio visual (AV) industry, and how the distinct challenges associated with each business model are impacting gear sales, asset values and a potential path to recovery.

CIT Group Inc. (NYSE: CIT) today announced that its Sponsor Finance business, part of the Commercial Finance division, served as joint lead arranger and joint bookrunner for a $70 million financing on behalf of Estyle Holdings Inc., makers of Eco Style hair gel and a wide range of other beauty and personal care products. Based in Jacksonville, Florida, Estyle sells its products through distributors, beauty supply stores and leading national retail chains, targeting multicultural consumers.

The impact of COVID-19 is becoming evident in the accelerating Chapter 11 filings. The amount of Chapter 11 bankruptcy filings in the third quarter, which are tracked in the newest Polsinelli-TrBK Distress Indices Report, have hit the highest level since 2010. This trend is expected to continue into 2021. The third quarter shows clear signs of the pandemic’s impact on bankruptcy filings and is a continuation of the filing spike from the prior quarter. The filings occurring now are either defensive – to stop creditor enforcement actions – or offensive – to implement a restructuring agreement with creditors. This is the sixth consecutive quarter where Chapter 11 distress has measured over 50 points; the Index hasn’t seen that level of distress since 2011.

KeyBank announced that John J. Manginelli, Northeast regional executive for KeyBank Real Estate Capital, will assume an expanded role that includes market president for Key’s Hudson Valley/Metro New York market. As market president, Manginelli will drive collaboration and coordination of Key activities and resources in the market, as well as serve as the face and voice of Key in the community. He will also continue to lead Key’s real estate capital business throughout the northeast, with main offices in New York City, Boston, Washington DC, and Philadelphia.

HKW, an Indianapolis-based middle-market private equity firm, today announced Rick Ammar has joined the firm as vice president. Mr. Ammar will serve in a senior role as part of HKW’s expanding technology efforts.

Crystal Financial LLC announced the closing of a $27,500,000 Senior Credit Facility for True Religion Apparel, Inc. (“True Religion” or “the Company”). Founded in 2002, True Religion is a lifestyle apparel brand which aims to deliver an exclusive assortment of unique designs to its customer base. Known for its signature styling, the Company focuses on producing high quality premium denim and sportswear for men, women, and children. True Religion’s products are sold at the Company’s retail stores, www.truereligion.com, department stores, and at specialty retailers globally.

In order to further accommodate a growing portfolio of Factoring transactions, Marco Capital Inc (MCI) has hired Luminita Pauna (Lumi) as its Director of Operations. Lumi has over seven (7) years of experience at the Florida-based finance provider Trade Finance Solutions (later to become Global Merchant Fund then eCapital). As both an Account Manager and then advancing to a managing Account Executive position, she brings a wealth of experience to MCI in the fields of Factoring, Asset Based Lending, Purchase Order Finance, and Supply Chain Finance.