Sunflower Bank, N.A. is pleased to announce that its Leveraged Finance team served as joint lead srranger for a senior debt facility that was led by KeyBanc Capital Markets . The senior debt facility supported the acquisition of NextEdge Networks Holdings and its wholly-owned subsidiary, Modus (collectively “Modus”) by Bow River Capital. The transaction closed in August 2020.

Crestmark secured a total of $38,250,000 in ABL financial solutions for 12 new clients; Crestmark Equipment Finance provided $7,262,607 in six new lease transactions; Crestmark Vendor Finance provided $6,451,914 in 67 new lease transactions; the Joint Ventures Division provided $13,506,620 in four new transactions; and the Government Guaranteed Lending group provided $18,470,800 in financing for four new clients in the first half of December.

A total of ten lenders are participating in the facility with U.S. Bank National Association, as designated agent and co-administrative agent, Citibank, N.A., as co-administrative agent, and Truist Bank (formerly known as SunTrust Bank), Bank of the West and PNC Bank, National Association, as co-syndication agents. The other lenders are Regions Bank, JPMorgan Chase Bank, N.A., UMB Bank, N.A., Texas Capital Bank, National Association and Zions Bancorporation, N.A. (dba Vectra Bank of Colorado).

Monroe Capital LLC today announced it acted as administrative agent on the funding of a senior credit facility to support the acquisition of Confirm Solutions Limited (“Confirm”) by Dude Solutions, Inc. (“Dude Solutions”), an existing portfolio company of Clearlake Capital Group, L.P.

Digital banking platform Oxygen today announced a $17 million Series A round of funding. The round was led by Runa Capital, with participation from S7V, 1984.vc, EFG Hermes, Rucker Park, and Inventures, in addition to celebrity and prominent fintech investors, including Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG, William Hockey, Co-Founder of Plaid, Ankur Nagpal, Peter Treadway, and NFL wide receiver Larry Fitzgerald.

Sallyport Commercial Finance delivers a $500,000 accounts receivable facility to an industrial safety firm providing essential medical and rescue services to the oil and gas industry. The business owner was seeking a financing partner that would help him manage the newly awarded contract with his customers and provide assurances to cover payroll.

J D Factors announced it has provided the following factoring facilities: $120,000 to a transportation company in Ohio; $100,000 to a transportation company in Alberta; $400,000 to a transportation company in Ontario; $120,000 to a transportation company in Texas

Huntington Business Credit announced it closed new $24,000,000 credit facilities with Elk Lighting, Inc. on December 15, 2020. Proceeds of the facilities were used to refinance existing indebtedness and support ongoing working capital growth financing.

The new statute requires non-regulated commercial lenders, including asset-based lenders and factors, that propose to lend $2 million (pending approval by the legislature the threshold is likely to be at least $2 million) or less to New York-based borrowers to make certain uniform disclosures in their proposals including an “estimated” Annual Percentage Rate.

Big Shoulders Capital recently funded a third generation driller and oilfield services provider to continue operations after Covid-19 depressed the global energy market. Big Shoulders worked with the new ownership group to improve upon what past generations had built.

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on a new $330 million Senior Secured Term Loan B (“TLB”). The TLB matures on December 23, 2027. DXP intends to use the proceeds to repay the existing Term Loan B, which will be terminated on that payment; and the remaining for general corporate purposes, potential acquisitions and transaction fees and expenses. The transaction provides DXP with operational and financial flexibility to reinvest in the business and pursue its strategy around organic and targeted acquisition growth.

Pacific Drilling S.A. (OTC: PACDQ) announced today that the United States Bankruptcy Court for the Southern District of Texas confirmed the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”) on December 21, 2020.

Tuesday Morning and certain of its subsidiaries (collectively “Tuesday Morning” or the “Company”) today announced that the U.S. Bankruptcy Court for the Northern District of Texas has confirmed the Company’s Plan of Reorganization (the “Plan”). As a result, Tuesday Morning expects to successfully emerge from Chapter 11 protection by the end of December after it has satisfied the conditions to the effectiveness of the Plan.

Guitar Center, Inc. (“Guitar Center”) today announced that it has emerged from bankruptcy following the successful consummation of its plan of reorganization (the “Plan”) under chapter 11 of the U.S. Bankruptcy Code. Milbank LLP served as legal counsel to Guitar Center. Houlihan Lokey served as Guitar Center’s financial advisor. BRG served as Guitar Center’s restructuring advisor.

The Refinancing was led by Citizens Bank, N.A., as the administrative agent, and Wells Fargo Bank, National Association and Silicon Valley Bank, as joint bookrunners, joint lead arrangers and syndication agents with Citizens. The Credit Agreement provides for a term loan of $40.0 million and a $25.0 million senior revolving credit facility.

SFNet’s Advocacy Committee is reviewing the language and will hold an informative webinar as soon as practical in January. In the meantime, you may wish to consult your advisers.

BridgePoint Financial Services Inc., the general partner of BridgePoint Financial Services Limited Partnership I ("BridgePoint"), Canada's leading provider of specialized loans for the legal services market, is pleased to announce that BridgePoint's senior secured credit facility was recently increased to $100 million to support key growth initiatives for 2021.

Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced that today it completed a second amendment to the credit agreement governing its $700 million revolving credit facility, $300 million Term Loan A facility and its Term Loan B facility (of which approximately $382.5 million is outstanding), which was obtained from a consortium of banks led by Wells Fargo Bank, National Association, as administrative agent.

Ubiquity Solar Inc. (Ubiquity), a photovoltaic (PV) technology company, and Utica Leaseco, LLC (Utica), an asset-based specialty finance company, are pleased to announce the execution of a definitive agreement, whereby Ubiquity has procured from Utica rights to the intellectual property, R&D, production, inventory and other assets (the GaAs Assets) previously part of Alta Devices (Alta) of Sunnyvale, CA. As part of the parties’ transaction, Utica will acquire certain warrants to purchase capital stock of Ubiquity.

Specialist Risk Group ("SRG"), a fast-growing specialist insurance broker, today announced that it has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC. SRG's management team will invest alongside HGGC and continue to hold a significant stake in the business. The private transaction is expected to close in Q1 2021, subject to regulatory approval. As part of the transaction, existing investor Pollen Street Capital will exit the business.