Berkeley Research Group (BRG), a leading global advisory firm, announced today that Scott Baxter has joined the firm as a managing director in its Energy & Climate practice. He will be based in the firm's Houston, Texas, office. He has over 30 years of global energy investment banking experience. He has been a primary advisor in executing over $200 billion in energy restructuring transactions, corporate mergers and acquisitions, private equity capital raises and independent fairness opinions to special committees.

Societe Generale has been appointed as joint lead arranger alongside KfW IPEX-Bank for the senior debt facility (“Debt Facility” or “Facility”) for the Tugaske Project (“Tugaske” or “Project”) finance package. Gensource is very pleased to formally add Societe Generale to the Facility team.

From the second quarter Phoenix Management “Lending Climate in America” survey results reveal COVID-19 has created pessimism in the U.S. economy’s near-term performance. The outlook for the U.S. economy saw a significant decrease in the near-term. The near-term grade point average (GPA) decreased 139 percentage points to 1.18 from the Q1 2020 GPA of 2.57, the lowest GPA since Q1 2009.

Pier 1, the seller of wicker chairs and scented candles, said it will go out of business and permanently close all 540 of its stores. The Texas-based company said Tuesday that it was unable to find a buyer for its business after filing for bankruptcy protection earlier this year.

Yesterday, Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell provided the first public update on the Coronavirus Aid, Relief and Economic Security Act to the Senate Banking Committee.

Greystone, a leading national commercial real estate lending, investment, and advisory company, has provided $116,439,707 in mission-driven Freddie Mac loans to refinance three separate portfolios consisting of 34 total workforce housing properties in Los Angeles, California. The transactions were originated by Dale Holzer, managing director in Greystone’s Newport Beach office.

Cohere Capital Partners (“Cohere”), a Boston-based private equity firm focused exclusively on middle market growth companies, today announced the successful closing of its debut fund, Cohere Capital Fund I, LP (the “Fund”) at $200 million. The Fund closed over its target and at its hard cap without the use of a placement agent.

Sallyport Commercial Finance approves a $1,750,000 accounts receivable facility to a group of staffing companies that provide flexible recruiting services to Canada and the U.S.

In his new role, Rick will be responsible for the strategic direction and operational oversight of StoneHill's RRE Due Diligence Services, leveraging the broader capabilities of the organization to help clients realize opportunities across their real estate activity.

Firm offers library of resources for businesses challenged with transitioning employees back to the workplace and resuming regular operations.

With restaurant dining areas shuttered throughout most of the country, consumers had no choice but to allocate their food spending elsewhere in recent weeks. While takeout and delivery options offered many restaurants a bit of a lifeline, it by no means made up for the mandated elimination of on-premises traffic.

EQ Riskfactor launches its first cloud-hosted SaaS product in the U.S. The new SaaS model enables lenders to implement the software seamlessly with no need for costly IT infrastructure, leading to rapid deployment and return on investment. The SaaS model is an extension of EQ Riskfactor and is specifically designed to meet the growing demand from the large U.S. factoring and receivables finance market.

Prestige Capital Funding, LLC is pleased to announce the closing of a $2,500,000 factoring arrangement for a Florida – based designer and distributor of vascular tubing, catheters and pediatric intravenous kits for sale to institutional medical concerns.

Three days after it filed for bankruptcy court protection, J. C. Penney is looking at operating with a slimmed-down network of 604 stores, down from 846, according to a business plan filed Monday with the Securities and Exchange Commission. And while the department store company expects its e-commerce business to fiscal 2019’s trajectory until the second quarter of fiscal 2021, store sales are unlikely to stabilize before holiday that year, it said.

The global pandemic and resulting widespread store closures and stay-at-home orders has the textile and apparel industry squeezed between challenges in supply and demand.

Accor announces today that it has signed an agreement with a consortium of 5 banks for a new €560m Revolving Credit Facility (RCF). The new fully committed facility has a 12 months tenor, with two six-months extension options in the hands of Accor and has neither covenant nor restriction. It has been underwritten by the following 5 banks: BNP Paribas, Crédit Agricole CIB, Crédit Industriel et Commercial, Natixis and Société Générale.

Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, announced today that it successfully amended its $295 million revolving credit facility that expires in March 2023. The amendment, among other things, removes all prior financial covenants, including the net leverage ratio and fixed charge coverage ratio, and adds a minimum liquidity covenant.

Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced that Leonard H. (“Lenny”) Bateman, Jr. has been named Executive Vice President and Chief Credit Officer of the Company, effective June 1, 2020. Bateman replaces J. Stan Cook, who will be reducing his workload and responsibilities for medical reasons.

Stellus Capital Investment Corporation announced that it has increased commitments under its revolving credit facility to $230 million, extended the commitment termination date of the Facility to March 10, 2021, and amended certain covenants and conditions of the Facility. The Facility was led by Zions Bancorporation, N.A. dba Amegy Bank, and includes a total of 10 bank participants. Pricing and advance rates remain unchanged on the facility.

J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in British Columbia; $200,000 to a transportation company in Arizona; $75,000 to a transportation company in Tennessee; $300,000 to a transportation company in Quebec and $100,000 to a transportation company in Texas. ​