• Oxford Finance Provides $74 Million Credit Facility to Specialty Dental Brands
    October 1, 2020
    Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $74 million senior credit facility and revolving line of credit to Specialty Dental Brands ("SDB" or "the Company"), a dental services organization focused on pediatric dentistry, orthodontics, and oral surgery.
  • CohnReznick Adds Industry Veteran David Weinstein to Lead Workout and Restructuring Services in the Southeast and Expand Firm’s Presence in Florida
    October 1, 2020
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced the addition of David Weinstein to its Restructuring & Dispute Resolution practice. Weinstein joining the team, which follows the addition of eight turnaround and restructuring veterans last year, will expand senior resources for debtor and lender workouts and restructuring both in and out of court. Based in Florida, his hire also expands the firm’s local presence to better service clients in this region.
  • StreetTrend LLC Acquires 100% of the European Fashion Sneaker Brand P448 SpA
    October 1, 2020
    StreetTrend LLC announced that it has acquired the European based sneaker brand P448 from NoThanks SpA, headquartered in Forli, Italy. The new consolidated entity will be called P448 SpA and will become part of the StreetTrend portfolio of footwear and fashion brands. StreetTrend LLC is a fashion footwear and street wear brand portfolio holding company under the leadership of Wayne Kulkin, former CEO of Stuart Weitzman. The company was formed in 2017 as a JV partnership with Jeffrey Hecktman, CEO of the international investment and financial services company Hilco Global.
  • CIT Serves as Sole Lead Arranger on $70 Million Maritime Financing
    October 1, 2020
    CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited. The loan is secured by three large container vessels operated by Maersk A/S, a direct subsidiary of AP Moller Maersk, which owns and operates more than 700 container vessels worldwide.
  • White Oak Global Advisors Partners with Sustainability Accounting Standards Board
    September 30, 2020
    White Oak Global Advisors, LLC (“White Oak” or “the Firm”) today announced it has entered a formal partnership with the Sustainability Accounting Standards Board (“SASB”), a global nonprofit founded to help businesses around the world identify, manage and report on a wide range of sustainability issues. This partnership will enable White Oak to incorporate SASB’s standards into its ESG research and underwriting processes for prospective credit issuance.
  • Sterling National Bank Provides $7 Million of Secured Credit Facilities to a National Staffing Firm
    September 30, 2020
    The credit facilities will provide working capital to further expand and support the Company’s future projected growth.
  • Encina Business Credit Provides $72.5 Million Facility to Manufacturer and Distributor of Residential & Commercial HVAC Products
    September 30, 2020
    Encina Business Credit, LLC announced today that it has provided a $72.5 million senior secured credit facility to a leading manufacturer and distributor of heating, ventilating and cooling products used in both residential and commercial applications.
  • Alvarez & Marsal Enhances Healthcare Technology Advisory and Transformation Services
    September 30, 2020
    Leading global professional services firm Alvarez & Marsal’s (A&M) Healthcare Industry Group has expanded its Technology Advisory and Transformation services with the addition of Ian Donner and Avishek Nandi as Senior Directors in New York. This expanded capability is in response to clients’ increasing need for specialized technology advisory and strategic transformation services amidst complex healthcare challenges.
  • Metropolitan Commercial Bank Hires Senior Healthcare Lender
    September 30, 2020
    Metropolitan Commercial Bank today announced that Danny Tommasino joined the Bank as First Vice President, Senior Healthcare Lender. He will report to Luke J. Kaufman, First Vice President, Head of Commercial Lending. Mr. Tommasino brings 19 years of banking experience to Metropolitan Commercial Bank and has focused exclusively on the healthcare sector for the last ten years. He was recently Senior Vice President, Healthcare Practice Leader at BankUnited’s middle-market healthcare business.
  • Tradewind Finance Provides $2 Million Export Factoring Facility to Manufacturer of East Mediterranean Food based in Lebanon
    September 30, 2020
    Tradewind Finance has announced the completion of a $2 million post-shipment finance facility for a manufacturer and exporter of East Mediterranean food based in Lebanon. The company sells beans, vegetarian dips, jams, and olive oil, among other items, and exports to the USA, Canada, the UK, Europe, and the Middle East. The funding is being used to support the company’s growth and expand their production plant.
  • Wingspire Capital Supplies $30 Million Senior Secured Financing to Leading After-Market Auto Parts Distributor
    September 30, 2020
    Wingspire Capital Holdings (“Wingspire”) is pleased to announce the funding of a $30 million senior secured working capital revolver to a leading distributor in after-market auto parts, consumer electronics and personal protective equipment. The borrower will use the funding to accelerate a turnaround plan that includes reducing expenses, eliminating slow-moving excess inventory and pursuing new customers with sought-after PPE products such as masks and thermometers.
  • Celtic Capital Corporation Announces New Client Relationship
    September 30, 2020
    Celtic Capital Corporation today announced its most recent new client relationship – a Kentucky-based wholesaler of industrial supplies, steel, fasteners and bearings. This 100+ year-old company has been family-owned and operated for many years and had recently fallen out of covenant with its bank line.
  • Stonebriar Commercial Finance Promotes Bell and Fate
    September 30, 2020
    Stonebriar Commercial Finance is pleased to announce the promotion of Travis Bell to Managing Director of Originations. Mr. Bell joined Stonebriar in 2017 as part of SCF’ Real Estate platform acquisition. Travis has a demonstrable track record of success growing Stonebriar’s Real Estate platform and developing relationships across the industry. With his promotion, Travis will expand his focus to include Stonebriar’s General Equipment platform.
  • Bouchard Transportation Co., Inc. To Restructure Through Chapter 11 Proceeding
    September 29, 2020
    Bouchard Transportation Co., Inc. (privately held) ("Bouchard" or the "Company"), the nation's largest independently-owned ocean-going petroleum barge company, today announced that it and certain of its subsidiaries have filed voluntary petitions to restructure under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court").
  • Crestmark Welcomes Mark Collins as Business Development Officer
    September 29, 2020
    Crestmark is pleased to announce the appointment of Mark Collins as business development officer for Crestmark’s Business Credit group. Based in South Carolina, he will report to Senior Vice President, Business Credit Sales Manager James Farrell, and will provide asset-based lending, factoring, and other Crestmark products to businesses nationwide.
  • CIT Launches New Commercial Online Banking Platform for Community Association Banking Customers Features a Full Suite of Digital Solutions for Greater Efficiency and Agility
    September 29, 2020
    CIT Group Inc. (NYSE: CIT) today announced the launch of a new commercial online banking platform, designed to maximize efficiency and agility for Community Association Banking customers. With new and enhanced features, the platform offers a robust suite of digital tools.
  • Crystal Agents $45.0MM Senior Credit Facility for Roadrunner Freight
    September 29, 2020
    Roadrunner Freight is a leading less-than-truckload (“LTL”) transportation provider. The Company services a diverse customer base across many industries including retail, industrial, food & beverage and health care with its differentiated point-to-point LTL model. The Crystal financing facilitated the final step of a multi-year corporate transformation to simplify Roadrunner’s business operations. The revolver, term loan and delayed draw term loan will be used for working capital and growth.
  • Tiger Selling Surplus Professional Gear from Keslow Camera
    September 29, 2020
    Tiger Group is now selling a selective offering of professional gear surplus to the continuing operations of Keslow Camera, a leading motion picture film and digital cinema camera rental company. Gear available for sale includes digital cameras from Red, Panasonic, Sony, and Canon; and lenses from Angenieux, Cooke, Baltar, Canon, and Nikkor; as well as heads, monitors, wireless units, magazines, tripods and other accessories from leading manufacturers.
  • Secured Finance Network (SFNet) Announces New 2021 Leadership Committees ​
    September 29, 2020
    Elected by SFNet Board of Directors, Executive and Management Committees provide direction, advocacy and thought leadership for secured finance industry.
  • White Oak Healthcare Finance Provides Financing for National Partners in Healthcare
    September 29, 2020
    White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent on the funding of a senior credit facility to finance growth for National Partners in Healthcare, LLC (“NPH”). “NPH is a market leading anesthesia business with an impressive track record of growth,” said Ross Eldridge, White Oak’s EVP and Chief Originations Officer. “We are excited to partner with a company that provides such a high level of care and focus on the patient experience.”
  • Oxford Finance Provides $74 Million Credit Facility to Specialty Dental Brands
    October 1, 2020
    Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $74 million senior credit facility and revolving line of credit to Specialty Dental Brands ("SDB" or "the Company"), a dental services organization focused on pediatric dentistry, orthodontics, and oral surgery.
  • CohnReznick Adds Industry Veteran David Weinstein to Lead Workout and Restructuring Services in the Southeast and Expand Firm’s Presence in Florida
    October 1, 2020
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced the addition of David Weinstein to its Restructuring & Dispute Resolution practice. Weinstein joining the team, which follows the addition of eight turnaround and restructuring veterans last year, will expand senior resources for debtor and lender workouts and restructuring both in and out of court. Based in Florida, his hire also expands the firm’s local presence to better service clients in this region.
  • StreetTrend LLC Acquires 100% of the European Fashion Sneaker Brand P448 SpA
    October 1, 2020
    StreetTrend LLC announced that it has acquired the European based sneaker brand P448 from NoThanks SpA, headquartered in Forli, Italy. The new consolidated entity will be called P448 SpA and will become part of the StreetTrend portfolio of footwear and fashion brands. StreetTrend LLC is a fashion footwear and street wear brand portfolio holding company under the leadership of Wayne Kulkin, former CEO of Stuart Weitzman. The company was formed in 2017 as a JV partnership with Jeffrey Hecktman, CEO of the international investment and financial services company Hilco Global.
  • CIT Serves as Sole Lead Arranger on $70 Million Maritime Financing
    October 1, 2020
    CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited. The loan is secured by three large container vessels operated by Maersk A/S, a direct subsidiary of AP Moller Maersk, which owns and operates more than 700 container vessels worldwide.
  • White Oak Global Advisors Partners with Sustainability Accounting Standards Board
    September 30, 2020
    White Oak Global Advisors, LLC (“White Oak” or “the Firm”) today announced it has entered a formal partnership with the Sustainability Accounting Standards Board (“SASB”), a global nonprofit founded to help businesses around the world identify, manage and report on a wide range of sustainability issues. This partnership will enable White Oak to incorporate SASB’s standards into its ESG research and underwriting processes for prospective credit issuance.
  • Sterling National Bank Provides $7 Million of Secured Credit Facilities to a National Staffing Firm
    September 30, 2020
    The credit facilities will provide working capital to further expand and support the Company’s future projected growth.
  • Encina Business Credit Provides $72.5 Million Facility to Manufacturer and Distributor of Residential & Commercial HVAC Products
    September 30, 2020
    Encina Business Credit, LLC announced today that it has provided a $72.5 million senior secured credit facility to a leading manufacturer and distributor of heating, ventilating and cooling products used in both residential and commercial applications.
  • Alvarez & Marsal Enhances Healthcare Technology Advisory and Transformation Services
    September 30, 2020
    Leading global professional services firm Alvarez & Marsal’s (A&M) Healthcare Industry Group has expanded its Technology Advisory and Transformation services with the addition of Ian Donner and Avishek Nandi as Senior Directors in New York. This expanded capability is in response to clients’ increasing need for specialized technology advisory and strategic transformation services amidst complex healthcare challenges.
  • Metropolitan Commercial Bank Hires Senior Healthcare Lender
    September 30, 2020
    Metropolitan Commercial Bank today announced that Danny Tommasino joined the Bank as First Vice President, Senior Healthcare Lender. He will report to Luke J. Kaufman, First Vice President, Head of Commercial Lending. Mr. Tommasino brings 19 years of banking experience to Metropolitan Commercial Bank and has focused exclusively on the healthcare sector for the last ten years. He was recently Senior Vice President, Healthcare Practice Leader at BankUnited’s middle-market healthcare business.
  • Tradewind Finance Provides $2 Million Export Factoring Facility to Manufacturer of East Mediterranean Food based in Lebanon
    September 30, 2020
    Tradewind Finance has announced the completion of a $2 million post-shipment finance facility for a manufacturer and exporter of East Mediterranean food based in Lebanon. The company sells beans, vegetarian dips, jams, and olive oil, among other items, and exports to the USA, Canada, the UK, Europe, and the Middle East. The funding is being used to support the company’s growth and expand their production plant.
  • Wingspire Capital Supplies $30 Million Senior Secured Financing to Leading After-Market Auto Parts Distributor
    September 30, 2020
    Wingspire Capital Holdings (“Wingspire”) is pleased to announce the funding of a $30 million senior secured working capital revolver to a leading distributor in after-market auto parts, consumer electronics and personal protective equipment. The borrower will use the funding to accelerate a turnaround plan that includes reducing expenses, eliminating slow-moving excess inventory and pursuing new customers with sought-after PPE products such as masks and thermometers.
  • Celtic Capital Corporation Announces New Client Relationship
    September 30, 2020
    Celtic Capital Corporation today announced its most recent new client relationship – a Kentucky-based wholesaler of industrial supplies, steel, fasteners and bearings. This 100+ year-old company has been family-owned and operated for many years and had recently fallen out of covenant with its bank line.
  • Stonebriar Commercial Finance Promotes Bell and Fate
    September 30, 2020
    Stonebriar Commercial Finance is pleased to announce the promotion of Travis Bell to Managing Director of Originations. Mr. Bell joined Stonebriar in 2017 as part of SCF’ Real Estate platform acquisition. Travis has a demonstrable track record of success growing Stonebriar’s Real Estate platform and developing relationships across the industry. With his promotion, Travis will expand his focus to include Stonebriar’s General Equipment platform.
  • Bouchard Transportation Co., Inc. To Restructure Through Chapter 11 Proceeding
    September 29, 2020
    Bouchard Transportation Co., Inc. (privately held) ("Bouchard" or the "Company"), the nation's largest independently-owned ocean-going petroleum barge company, today announced that it and certain of its subsidiaries have filed voluntary petitions to restructure under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court").
  • Crestmark Welcomes Mark Collins as Business Development Officer
    September 29, 2020
    Crestmark is pleased to announce the appointment of Mark Collins as business development officer for Crestmark’s Business Credit group. Based in South Carolina, he will report to Senior Vice President, Business Credit Sales Manager James Farrell, and will provide asset-based lending, factoring, and other Crestmark products to businesses nationwide.
  • CIT Launches New Commercial Online Banking Platform for Community Association Banking Customers Features a Full Suite of Digital Solutions for Greater Efficiency and Agility
    September 29, 2020
    CIT Group Inc. (NYSE: CIT) today announced the launch of a new commercial online banking platform, designed to maximize efficiency and agility for Community Association Banking customers. With new and enhanced features, the platform offers a robust suite of digital tools.
  • Crystal Agents $45.0MM Senior Credit Facility for Roadrunner Freight
    September 29, 2020
    Roadrunner Freight is a leading less-than-truckload (“LTL”) transportation provider. The Company services a diverse customer base across many industries including retail, industrial, food & beverage and health care with its differentiated point-to-point LTL model. The Crystal financing facilitated the final step of a multi-year corporate transformation to simplify Roadrunner’s business operations. The revolver, term loan and delayed draw term loan will be used for working capital and growth.
  • Tiger Selling Surplus Professional Gear from Keslow Camera
    September 29, 2020
    Tiger Group is now selling a selective offering of professional gear surplus to the continuing operations of Keslow Camera, a leading motion picture film and digital cinema camera rental company. Gear available for sale includes digital cameras from Red, Panasonic, Sony, and Canon; and lenses from Angenieux, Cooke, Baltar, Canon, and Nikkor; as well as heads, monitors, wireless units, magazines, tripods and other accessories from leading manufacturers.
  • Secured Finance Network (SFNet) Announces New 2021 Leadership Committees ​
    September 29, 2020
    Elected by SFNet Board of Directors, Executive and Management Committees provide direction, advocacy and thought leadership for secured finance industry.
  • White Oak Healthcare Finance Provides Financing for National Partners in Healthcare
    September 29, 2020
    White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent on the funding of a senior credit facility to finance growth for National Partners in Healthcare, LLC (“NPH”). “NPH is a market leading anesthesia business with an impressive track record of growth,” said Ross Eldridge, White Oak’s EVP and Chief Originations Officer. “We are excited to partner with a company that provides such a high level of care and focus on the patient experience.”
#3 -_ 1 (1)