House Democrats unveiled a massive $3-trillion virus-relief bill Tuesday, combining aid to state and local governments with direct cash payments, expanded unemployment insurance and food stamp spending as well as funds for voting by mail and the U.S. Postal Service. A vote is likely on Friday.

Espresso Capital announced today that it has provided Inference Solutions, a global provider of Intelligent Virtual Agents, with a US$8 million credit facility. The San Francisco-based company will use the capital to achieve key milestones prior to initiating another fundraise later this year.

BofA Securities and Mediobanca - Banca di Credito Finanziario S.p.A. acted as IGT's Global Coordinators with respect to the Amendments.

TAB Bank is pleased to announce it has provided a $4 million revolving credit facility for a transportation company based in Arizona. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.

An M&A slowdown during the pandemic hasn't stalled demand for well-connected dealmakers, especially for law firms serving the private equity industry. Katherine Krause, a managing director in Goldman Sachs’ legal department, is joining Simpson Thacher & Bartlett as a partner in its mergers and acquisitions practice in New York, the firm said Tuesday.

Axiom Bank, N.A., a Maitland-based, leading community bank, recently named Richard Jensen as SVP, commercial relationship manager in Tampa. In this role, Jensen will develop and manage relationships with Axiom’s commercial clients. Jensen has three decades of experience helping Tampa-area business owners with their banking needs. As a member of the Florida Commercial Brokers Network, he has built strong relationships with a variety of commercial real estate clients and operating companies.

Hilco team will operate the asset financing and fleet management company as it restructures and prepares the truck leasing and fleet services business for post pandemic success.

Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announces it has increased its secured credit facility to $575 million as the company experiences continuous and consistently strong customer demand for its adaptive infrastructure solutions. Along with the continued backing of Macquarie Infrastructure Partners, BlueMountain Capital Management and Goldman Sachs Bank USA, new facility lenders include ING Capital LLC, Shinhan Bank New York Branch and TD Securities.

Mark Wade will serve as the executive director of BOK Financial’s Commercial Banking division. The division, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the company’s largest lines of business.

Sallyport delivers a $2,000,000 accounts receivable facility to a company that provides a wide range of printing and finishing services. Their state-of-the-art production equipment and automated workflow systems allow for quality content, making them a leader in the industry.

Crestmark secured a total of $3,950,000 in ABL financial solutions for four new clients; Crestmark Equipment Finance provided $17,383,632 in eight new lease transactions; Crestmark Vendor Finance provided $8,457,754 in 71 new lease transactions; and the Government Guaranteed Lending Division provided $5,423,700 in financing for two new clients in the second half of April.

Endeavor Group Holdings has secured a $260 million term loan to sustain its financial flexibility amid recent cost-cutting measures taken during the coronavirus, an individual with knowledge of the situation told TheWrap. The deal adds to an existing $2.8 billion term loan and carry an interest rate of just under 11%, according to the Wall Street Journal, which first reported the news. That funding injection — arranged by JPMorgan Chase, with Oaktree Capital Group LLC as the chief purchaser — should help the L.A.-based company that has been battered by the shutdown of film and TV production as well as live events.

Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading supplier of optical components and subsystems, today announced changes to its secured term loan facility with Export Development Canada ("EDC"). The term loan facility was first announced on March 3, 2016.

Gateway First Bank announces the expansion of its banking professional team in the Tulsa, Oklahoma and Dallas markets. The eight team members listed below have experience working in financial institutions, private wealth management/private banking, commercial banking, commercial lending and treasury management.

The coronavirus pandemic is causing sharp economic contraction and a rapid spike in unemployment that will lead to significant performance degradation in U.S. Marketplace Loan (MPL) portfolios and potentially imperil the viability of some MPL originators, according to Fitch Ratings. The significant GDP decline and unemployment spike in 2020 will pressure borrowers' income levels and ability to make loan payments. Fitch believes negative performance will be more pronounced in MPL portfolios compared to other consumer ABS sectors, especially for recently originated transactions and transactions from less experienced originators whose credit models remain the most untested.

Monroe Credit Advisors (“MCA”) announced today the successful placement of $27.1 million in senior credit facilities on behalf of Viva5 Corporation (“Viva5” or “the Company”). MCA was the Company’s exclusive financial advisor and placement agent and ran an expedited debt placement process that generated significant lender interest and resulted in an optimized debt capital solution for the Company. Proceeds from the financing were used to facilitate a partner buyout, refinance existing indebtedness and provide significant growth capital for future acquisitions.

The Federal Reserve Bank of New York today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange-traded funds (ETFs) on May 12. As specified in the term sheet, the SMCCF may purchase U.S.-listed ETFs whose investment objective is to provide broad exposure to the market for U.S. corporate bonds.

Wingspire Capital Holdings (“Wingspire”) today announced that Ken Wendler has joined the firm as Chief Credit Officer. In this role, Mr. Wendler will lead Wingspire’s Investment Committee, work directly with the firm’s front-end team to thoughtfully structure senior secured loans, manage credit policies, direct risk management strategies and help to identify new products and asset categories for Wingspire’s growing portfolio.

Payment moratoriums, both publicly and privately initiated, will ease payment obligations on struggling borrowers across assets that back structured finance transactions around the globe, but will also introduce some risks for the securitizations. According to a new report from Moody's Investors Service, the degree to which delayed payments will affect transaction cash flows depends on the length of the delay and the economic distress, as well as transaction characteristics.

After careful review, the Advocacy Committee of SFNet determined that we should provide additional comments to the Fed and Treasury in an effort to make the Main Street Loan Programs better suited to ABL lenders.