Express Trade Capital, Inc., is pleased to announce a $3MM factoring facility to support the rapidly increased sales and high velocity production required for a ‘women owned’, sustainable and natural skincare/haircare brand based out of Frisco, Texas.

Citizens M&A Advisory served as the exclusive financial advisor to EcoDigital (formerly known as Front Porch Digital) in its sale to Telestream, combining two software businesses in the digital media industry. EcoDigital is a leading content storage management solution provider, empowering some of the largest media production companies in the world with the ability to optimize the storage and management of their digital media assets.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $16 million senior secured credit facility with Virginia Explosives & Drilling Company (VEDCO), a leading full service drilling and blasting company. The increased borrowing capacity provides VEDCO with additional liquidity to execute on their short and long-term growth objectives. The tailored facility includes a term loan as well as a revolver.

TNT Crane & Rigging, Inc. and certain of its affiliates ("TNT" or the "Company") today announced that the Company and certain subsidiaries have emerged from chapter 11 bankruptcy protection, completing a transaction that has strengthened the Company's balance sheet and best positions TNT for future success. This turning point marks the implementation of the Company's prepackaged plan of reorganization, which was confirmed by the U.S. Bankruptcy Court for the District of Delaware on September 30, 2020. The Company completed its restructuring in just over five weeks.

Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced it has closed a new $180 million Term Loan (the "2020 Term Loan"). The interest rate on the five-year term loan is LIBOR plus 6.00% with a 1.00% LIBOR floor. The financing was issued at an original issue discount of 4.5%. The 2020 Term Loan will be secured by 11 narrowbody aircraft owned by FLY and its subsidiaries, four of which are unencumbered and seven of which are currently financed in FLY's 2012 Term Loan. The proceeds will be used for general corporate purposes.

Libbey has secured exit financing consisting of a $150 million term loan and a $100 million asset-based lending facility, and expects to emerge from the Chapter 11 process with less than $200 million of funded debt. Latham & Watkins LLP is serving as legal advisor to Libbey, Alvarez & Marsal is serving as restructuring advisor and Lazard is serving as financial advisor.

The Bank of Nova Scotia and BGL BNP Paribas acted as Joint Bookrunners and Joint Mandated Lead Arrangers. BNP Paribas acted as Documentation Agent and DNB Bank ASA acted as ESG Coordinator. The Bank of Nova Scotia also acts as Administrative Agent.

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $40 billion of equity capital under management, announced today that Ahmad Atwan has joined the firm as a Managing Director on the infrastructure team. He will be responsible for all aspects of the investment process including origination, transaction structuring, financing and execution of post-closing strategies.

Norwest Equity Partners (“NEP”), a leading middle market investment firm founded in 1961, has completed a recapitalization of its investment interest in Surgical Information Systems (SIS), the industry leader for business and clinical surgical software for ambulatory surgery centers (ASCs) and hospitals, to Accel-KKR (“AKKR”), a leading technology-focused investment firm. Post-transaction, NEP will invest alongside AKKR and retain a minority ownership stake in SIS. The transaction closed October 15, 2020; financial terms were not disclosed.

Scholar Rock (NASDAQ: SRRK), a clinical-stage biopharmaceutical company focused on the treatment of serious diseases in which protein growth factors play a fundamental role, today announced the closing of a $50 million debt facility with Silicon Valley Bank and Oxford Finance LLC, of which the first $25 million was funded at closing. Scholar Rock intends to use the proceeds for general corporate purposes, including the advancement of the Company’s pipeline and for pre-commercialization preparations.

Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Lucy To has joined its Healthcare Coverage group as a managing director focused on the biotech investment banking sector. Based in New York, To will report to John Fowler, head of Healthcare within the CIB Coverage group.

Caltius Structured Capital (“Caltius”) is pleased to announce the closing of a growth capital investment in Santa Ana, Calif.-based Salas O’Brien. The investment will support Salas O’Brien’s continued national expansion via strategic mergers and organic growth initiatives.

Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial properties, announced today it has appointed Melissa Schrock to the newly-created position of Senior Vice President – Mixed-Use Development. Ms. Schrock joins HRP’s executive team to lead the firm’s expansion into the urban mixed-use development space. In this important role, she will have responsibility for the management of several exciting projects currently underway, including L Street Station in Boston, Massachusetts and Campus Bay in San Francisco, California, among other significant projects throughout the country.

Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has secured commitments for debtor-in-possession ("DIP") financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware.

YogaWorks, (the “Company”), one of the leading providers of authentic yoga instruction in the United States, announced today that it has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Court”). As part of this process, YogaWorks has entered into a purchase agreement (“Agreement”) with Serene Investment Management (“Serene”), pursuant to which Serene will serve as the stalking-horse bidder and has agreed to acquire the YogaWorks digital and education business and intellectual property.

First Eagle Alternative Credit, LLC ("First Eagle"), a leading alternative credit manager with $21 billion of AUM, today closed Lake Shore MM CLO III (“Lake Shore III”) at $318 million. The offering represents First Eagle’s third collateralized loan obligation (“CLO”) that includes middle market leveraged loans.

BHI, a full-service commercial bank, announced that its Specialty and Sponsor Finance Group continued to maintain a high level of activity for new and existing clients during the peak of the global pandemic. The team’s most recent deals include a $55 million senior secured credit facility for a New Jersey-based paper distributor, and an increase in the bank’s revolver commitment of $45 million to support a strategic acquisition for a private equity-owned manufacturer of specialty labels.

Cornerstone Business Credit, a Boston-based specialty finance company, launches new platform providing asset-based loans and factoring solutions to smaller non-bankable businesses. Industry veteran, David Lawrence, will lead the effort in providing credit facilities starting as low as $20,000 to highly leveraged, rapid growth companies as well as deep turnaround situations.

The practice is led by Cascadia Capital Chairman and CEO Michael Butler and Managing Directors Jamie Boyd and Firdaus Pohowalla, with support from Vice Presidents Yee Lee and Jason Lippenberger, Associate Tarek Elmasry, and Analysts Scott Whiting and Mikaela Slade.

SUMR Brands ("SUMR" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced that it has entered into a Third Amended and Restated Loan and Security Agreement with Bank of America, N.A. (the “Credit Facility”) that replaces its prior $48.0 million asset-based revolving credit facility (“ABL”) with Bank of America and $17.5 million term loan with Pathlight Capital LLC.