• Northleaf Arranges $50 Million Credit Facility for FundThrough
    October 19, 2020
    Northleaf Capital Partners (Northleaf) today announced that it acted as the sole lead arranger of a US$50 million senior secured credit facility to support the recapitalization and growth of FundThrough Inc. (FundThrough), North America's leading tech-enabled invoice funding company for small- and medium-sized businesses. The Northleaf facility expands FundThrough’s funding resources to serve more small businesses in the United States and Canada at a time when governments are scaling back lending programs, large companies are extending payment terms to their smaller suppliers, and traditional financial institutions are tightening access to credit.
  • Earnings in the U.S. Middle Market Grew by 15% in Q3 2020
    October 19, 2020
    Overall, Index revenue grew by 1% during the first two months of the third quarter. The Golub Capital Altman Index can provide early insight into the financial performance of public companies and GDP in advance of earnings season.
  • MUFG to Launch Capital Markets Strategy Group
    October 19, 2020
    Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups, today announced that it will launch a Capital Markets Strategy group to advise and equip C-suite audiences with insights to anticipate, understand, and respond to important market and macroeconomic developments. The Capital Markets Strategy group will be led by Tom Joyce who joins MUFG from Deutsche Bank. The group will be integrated across MUFG's Capital Markets and Corporate and Investment Banking businesses. Mr. Joyce will be based in New York and report jointly to Brian Cogliandro, Co-Head of Capital Markets, and to Mark Thumser, Head of Strategy & Business Operations in the Global Corporate & Investment Bank.
  • Amerisource Closes $1,000,000 Credit Facility for Refinery Services Firm
    October 19, 2020
    Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Texas based firm which provides repair and maintenance services to the petrochemical industry. The proceeds are being used to fund the company’s ongoing working capital needs.
  • Fifth Third Business Capital Arranges New Senior Credit Facility to support recapitalization of Southern Ag Carriers, Inc.
    October 15, 2020
    Southern Ag Carriers Inc. is a transportation and logistics service provider for agricultural products and other food and consumer products. The Company was founded in 1990 and is the largest hauler of peanuts in the U.S. with the capability and expertise to move peanut freight throughout the entire channel (farm stock to sheller to processor to end user). Learn more about Southern Ag Carriers, Inc. by visiting sou-ag.com.
  • Sallyport Commercial Finance Expedites a $1.5M Funding Request for Service Provider to Cover Payroll
    October 15, 2020
    Sallyport Commercial Finance helps a service provider in the oil and gas sector meet critical time lines to meet payroll. The business found itself short on funds as they tapped out their PPP funding and scrambled to cover payroll. In less than a week, Sallyport’s team structured a $1,500,000 credit facility, keeping the business on track.
  • Huntington Business Credit Closes New Credit Facilities with Leahy Institutional Foods Packing Company
    October 15, 2020
    Huntington Business Credit announced it closed new $22,000,000 credit facilities with Leahy Institutional Foods Packing Company on September 23, 2020. Proceeds of the facilities were used to refinance existing indebtedness and provide ongoing working capital growth financing.
  • International African American Museum Receives New Markets Tax Credits from TD Community Development Corporation
    October 15, 2020
    TD Community Development Corporation (TDCDC), a wholly-owned subsidiary of TD Bank, N.A., announced today its allocation of New Markets Tax Credits (NMTC) to the International African American Museum in Charleston, South Carolina, to assist in its construction project and opening. The substantial allocation results in an equity investment of more than $5.5 million from TD.
  • Tiger Group Selling Multi-Million-Dollar Disposable and Durable Medical Supply Inventory in Connection with Major Distributor's Wind-Down
    October 15, 2020
    Tiger Group is now accepting offers for bulk purchases of inventories from six facilities on the east and west coasts operated by American Medical Depot (AMD), a major distributor of medical equipment and supplies that is now winding down its business. The multi-million-dollar inventory encompasses over 350,000 products from some 2,000 manufacturers. Items range from personal protective equipment (PPE) to personal paper products, hospital textiles, sterilization wraps, swabs/cotton balls, medical gloves, bandages/dressings, alcohol products, acute care monitoring units, needles, test kits and calibrators.
  • CIT Leads Expansion of Credit Facility to $400 Million for Mobilitie
    October 15, 2020
    CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business has led an expansion of an existing credit facility to $400 million to support rapidly accelerating growth by Mobilitie Investments III LLC, a telecommunications infrastructure provider. Mobilitie owns and operates a large nationwide portfolio of wireless communications infrastructure, including communication towers and distributed antenna systems across large outdoor and indoor public venues.
  • Derek Binns Joins the Tradewind Group as Vice President of Sales for Europe
    October 15, 2020
    Tradewind is pleased to announce that Derek Binns has been appointed to the role of Vice President of Sales Europe, working closely with the firm’s headquarters team in Mönchengladbach, Germany. As VP Sales, Derek will focus on supporting the Tradewind Group’s client base all across Europe, with a specific concentration on countries where major buyers are established.
  • Greenberg Traurig Continues Strategic Expansion of Restructuring & Bankruptcy Capabilities, Adds Kevin J. Walsh in Boston
    October 15, 2020
    Global law firm Greenberg Traurig, LLP has added Kevin J. Walsh to its Boston office as a shareholder in the firm’s Restructuring & Bankruptcy Practice. Walsh has more than 25 years of experience advising debtors and creditors on bankruptcy and commercial law matters. These include restructurings, workouts, and commercial financing transactions, as well as the negotiation and documentation of commercial loans and credits.
  • Chaparral Energy Successfully Completes Financial Restructuring and Raises $35 Million in New Capital
    October 15, 2020
    Chaparral Energy, Inc. (the “Company” or “Chaparral”) announced today that it successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC filing company. Through the efficient execution of its pre-packaged plan of reorganization, which received broad support from its creditors, the Company has equitized all $300 million of its unsecured 8.75% Senior Notes due 2023 (the “Senior Notes”), reduced its annual interest expense by more than $25 million, and significantly enhanced its financial flexibility.
  • CIBC Innovation Banking Provides Digital Healthcare Management Platform, Chronometriq Inc., with $5 Million in Growth Capital Financing
    October 15, 2020
    CIBC Innovation Banking is pleased to announce a $5 million growth capital financing with Montreal-based Chronometriq Inc. (“Chronometriq”), a patient engagement software provider for medical clinics across North America. Chronometriq recently acquired competitor Health Myself as part of its growth strategy, and will use this financing to support its plans for further growth across North America.
  • Acme to Buy 27 Kings Food Market and Balducci’s for $96.4M
    October 15, 2020
    Malvern, PA-based Acme Markets Inc., a division of Albertsons Cos., said late Wednesday it will acquire 27 Kings Food Market and Balducci’s Food Lover’s Market stores for $96.4 million in cash under a bankruptcy auction. The stores will become part of the Mid-Atlantic division of Albertsons, which operates Acme and Safeway stores on the east coast.
  • Versant Funding LLC Funds a Non-recourse Factoring Facility to a National CBD Distributor
    October 15, 2020
    Versant Funding LLC is pleased to announce it has funded a $1,500,000 non-recourse factoring facility to a national distributor of CBD-infused body care products.
  • Crestmark Welcomes James Jenkins as National Account Executive to Crestmark Equipment Finance
    October 15, 2020
    Crestmark is pleased to announce the appointment of James Jenkins as National Account Executive for the Crestmark Equipment Finance (CEF) group. Jenkins reports to Arick Levine, CEF eastern region sales manager. Jenkins brings nearly 40 years of equipment financing experience to Crestmark. Most recently, he served as senior vice president, director of vendor and head of commercial direct with BCI Capital, where he was responsible for building out a vendor platform and managing a small direct salesforce.
  • Hovde Group Launches Asset Management Advisory Effort With Addition of Mark Timperman
    October 14, 2020
    Hovde Group (“Hovde”), a leading full service investment bank and broker dealer that provides investment banking, capital markets, equity research, and sales and trading services focused on the financial services sector, today announced that it has formed a new practice to advise asset management and wealth management companies, led by Mark Timperman as Managing Director and Head of Asset Management Investment Banking.
  • K&W Cafeterias Retains M&A Specialist SC&H Capital
    October 14, 2020
    By order of the US Bankruptcy Court, Middle District of North Carolina, Winston-Salem Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to K&W Cafeterias (“K&W” or “the Company”) for the sale of 18 cafeteria-style restaurants. K&W is an 83-year-old, Winston-Salem based, family owned and operated restaurant chain with locations in North Carolina, South Carolina, and Virginia, specializing in made from scratch, home-style southern food at an affordable price.
  • Conifex Announces Secured Revolving Credit Facility
    October 14, 2020
    Conifex Timber Inc. ("Conifex") (TSX: CFF) announced today that it has completed a $10 million secured revolving credit facility (the "Facility") with Wells Fargo Capital Finance Corporation Canada. The Facility is available for a term of 3 years and is substantially secured by Conifex's lumber segment inventory, equipment and accounts receivable.
  • Northleaf Arranges $50 Million Credit Facility for FundThrough
    October 19, 2020
    Northleaf Capital Partners (Northleaf) today announced that it acted as the sole lead arranger of a US$50 million senior secured credit facility to support the recapitalization and growth of FundThrough Inc. (FundThrough), North America's leading tech-enabled invoice funding company for small- and medium-sized businesses. The Northleaf facility expands FundThrough’s funding resources to serve more small businesses in the United States and Canada at a time when governments are scaling back lending programs, large companies are extending payment terms to their smaller suppliers, and traditional financial institutions are tightening access to credit.
  • Earnings in the U.S. Middle Market Grew by 15% in Q3 2020
    October 19, 2020
    Overall, Index revenue grew by 1% during the first two months of the third quarter. The Golub Capital Altman Index can provide early insight into the financial performance of public companies and GDP in advance of earnings season.
  • MUFG to Launch Capital Markets Strategy Group
    October 19, 2020
    Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups, today announced that it will launch a Capital Markets Strategy group to advise and equip C-suite audiences with insights to anticipate, understand, and respond to important market and macroeconomic developments. The Capital Markets Strategy group will be led by Tom Joyce who joins MUFG from Deutsche Bank. The group will be integrated across MUFG's Capital Markets and Corporate and Investment Banking businesses. Mr. Joyce will be based in New York and report jointly to Brian Cogliandro, Co-Head of Capital Markets, and to Mark Thumser, Head of Strategy & Business Operations in the Global Corporate & Investment Bank.
  • Amerisource Closes $1,000,000 Credit Facility for Refinery Services Firm
    October 19, 2020
    Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Texas based firm which provides repair and maintenance services to the petrochemical industry. The proceeds are being used to fund the company’s ongoing working capital needs.
  • Fifth Third Business Capital Arranges New Senior Credit Facility to support recapitalization of Southern Ag Carriers, Inc.
    October 15, 2020
    Southern Ag Carriers Inc. is a transportation and logistics service provider for agricultural products and other food and consumer products. The Company was founded in 1990 and is the largest hauler of peanuts in the U.S. with the capability and expertise to move peanut freight throughout the entire channel (farm stock to sheller to processor to end user). Learn more about Southern Ag Carriers, Inc. by visiting sou-ag.com.
  • Sallyport Commercial Finance Expedites a $1.5M Funding Request for Service Provider to Cover Payroll
    October 15, 2020
    Sallyport Commercial Finance helps a service provider in the oil and gas sector meet critical time lines to meet payroll. The business found itself short on funds as they tapped out their PPP funding and scrambled to cover payroll. In less than a week, Sallyport’s team structured a $1,500,000 credit facility, keeping the business on track.
  • Huntington Business Credit Closes New Credit Facilities with Leahy Institutional Foods Packing Company
    October 15, 2020
    Huntington Business Credit announced it closed new $22,000,000 credit facilities with Leahy Institutional Foods Packing Company on September 23, 2020. Proceeds of the facilities were used to refinance existing indebtedness and provide ongoing working capital growth financing.
  • International African American Museum Receives New Markets Tax Credits from TD Community Development Corporation
    October 15, 2020
    TD Community Development Corporation (TDCDC), a wholly-owned subsidiary of TD Bank, N.A., announced today its allocation of New Markets Tax Credits (NMTC) to the International African American Museum in Charleston, South Carolina, to assist in its construction project and opening. The substantial allocation results in an equity investment of more than $5.5 million from TD.
  • Tiger Group Selling Multi-Million-Dollar Disposable and Durable Medical Supply Inventory in Connection with Major Distributor's Wind-Down
    October 15, 2020
    Tiger Group is now accepting offers for bulk purchases of inventories from six facilities on the east and west coasts operated by American Medical Depot (AMD), a major distributor of medical equipment and supplies that is now winding down its business. The multi-million-dollar inventory encompasses over 350,000 products from some 2,000 manufacturers. Items range from personal protective equipment (PPE) to personal paper products, hospital textiles, sterilization wraps, swabs/cotton balls, medical gloves, bandages/dressings, alcohol products, acute care monitoring units, needles, test kits and calibrators.
  • CIT Leads Expansion of Credit Facility to $400 Million for Mobilitie
    October 15, 2020
    CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business has led an expansion of an existing credit facility to $400 million to support rapidly accelerating growth by Mobilitie Investments III LLC, a telecommunications infrastructure provider. Mobilitie owns and operates a large nationwide portfolio of wireless communications infrastructure, including communication towers and distributed antenna systems across large outdoor and indoor public venues.
  • Derek Binns Joins the Tradewind Group as Vice President of Sales for Europe
    October 15, 2020
    Tradewind is pleased to announce that Derek Binns has been appointed to the role of Vice President of Sales Europe, working closely with the firm’s headquarters team in Mönchengladbach, Germany. As VP Sales, Derek will focus on supporting the Tradewind Group’s client base all across Europe, with a specific concentration on countries where major buyers are established.
  • Greenberg Traurig Continues Strategic Expansion of Restructuring & Bankruptcy Capabilities, Adds Kevin J. Walsh in Boston
    October 15, 2020
    Global law firm Greenberg Traurig, LLP has added Kevin J. Walsh to its Boston office as a shareholder in the firm’s Restructuring & Bankruptcy Practice. Walsh has more than 25 years of experience advising debtors and creditors on bankruptcy and commercial law matters. These include restructurings, workouts, and commercial financing transactions, as well as the negotiation and documentation of commercial loans and credits.
  • Chaparral Energy Successfully Completes Financial Restructuring and Raises $35 Million in New Capital
    October 15, 2020
    Chaparral Energy, Inc. (the “Company” or “Chaparral”) announced today that it successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC filing company. Through the efficient execution of its pre-packaged plan of reorganization, which received broad support from its creditors, the Company has equitized all $300 million of its unsecured 8.75% Senior Notes due 2023 (the “Senior Notes”), reduced its annual interest expense by more than $25 million, and significantly enhanced its financial flexibility.
  • CIBC Innovation Banking Provides Digital Healthcare Management Platform, Chronometriq Inc., with $5 Million in Growth Capital Financing
    October 15, 2020
    CIBC Innovation Banking is pleased to announce a $5 million growth capital financing with Montreal-based Chronometriq Inc. (“Chronometriq”), a patient engagement software provider for medical clinics across North America. Chronometriq recently acquired competitor Health Myself as part of its growth strategy, and will use this financing to support its plans for further growth across North America.
  • Acme to Buy 27 Kings Food Market and Balducci’s for $96.4M
    October 15, 2020
    Malvern, PA-based Acme Markets Inc., a division of Albertsons Cos., said late Wednesday it will acquire 27 Kings Food Market and Balducci’s Food Lover’s Market stores for $96.4 million in cash under a bankruptcy auction. The stores will become part of the Mid-Atlantic division of Albertsons, which operates Acme and Safeway stores on the east coast.
  • Versant Funding LLC Funds a Non-recourse Factoring Facility to a National CBD Distributor
    October 15, 2020
    Versant Funding LLC is pleased to announce it has funded a $1,500,000 non-recourse factoring facility to a national distributor of CBD-infused body care products.
  • Crestmark Welcomes James Jenkins as National Account Executive to Crestmark Equipment Finance
    October 15, 2020
    Crestmark is pleased to announce the appointment of James Jenkins as National Account Executive for the Crestmark Equipment Finance (CEF) group. Jenkins reports to Arick Levine, CEF eastern region sales manager. Jenkins brings nearly 40 years of equipment financing experience to Crestmark. Most recently, he served as senior vice president, director of vendor and head of commercial direct with BCI Capital, where he was responsible for building out a vendor platform and managing a small direct salesforce.
  • Hovde Group Launches Asset Management Advisory Effort With Addition of Mark Timperman
    October 14, 2020
    Hovde Group (“Hovde”), a leading full service investment bank and broker dealer that provides investment banking, capital markets, equity research, and sales and trading services focused on the financial services sector, today announced that it has formed a new practice to advise asset management and wealth management companies, led by Mark Timperman as Managing Director and Head of Asset Management Investment Banking.
  • K&W Cafeterias Retains M&A Specialist SC&H Capital
    October 14, 2020
    By order of the US Bankruptcy Court, Middle District of North Carolina, Winston-Salem Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to K&W Cafeterias (“K&W” or “the Company”) for the sale of 18 cafeteria-style restaurants. K&W is an 83-year-old, Winston-Salem based, family owned and operated restaurant chain with locations in North Carolina, South Carolina, and Virginia, specializing in made from scratch, home-style southern food at an affordable price.
  • Conifex Announces Secured Revolving Credit Facility
    October 14, 2020
    Conifex Timber Inc. ("Conifex") (TSX: CFF) announced today that it has completed a $10 million secured revolving credit facility (the "Facility") with Wells Fargo Capital Finance Corporation Canada. The Facility is available for a term of 3 years and is substantially secured by Conifex's lumber segment inventory, equipment and accounts receivable.
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