The FDIC encourages financial institutions to provide borrowers affected in a variety of ways by the COVID-19 outbreak with payment accommodations that facilitate their ability to work through the immediate impact of the virus. Such assistance provided in a prudent manner to borrowers facing short-term setbacks could help the borrower and a community to recover.

Village Farms International, Inc. ("Village Farms" or the "Company") (TSX: VFF;NASDAQ: VFF) today announced its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has expanded its credit facility with its existing lender to $59 million, including accordion provisions of $22.5 million. The expanded credit facility (the "Credit Facility") consists of a $7.5 million revolving operating loan (the "Revolver") and a $10 million term loan (the "New Term Loan"), in addition to its existing $19 million term loan (the "Existing Term Loan").

As the global crisis develops with bewildering speed, lenders of all kinds find themselves caught, increasingly, between the demands of government to support business and jobs on the one hand, and the increasing risk of borrower default on the other. Regulated lenders are subject to specific requirements laid down by their supervising authorities. The following is intended to provide pointers to nonbank lenders, specifically those operating in the receivables finance and asset-based lending sectors, which may not be receiving guidance from regulatory bodies.

Celtic Capital Corporation today announced its most recent new client relationship – an Indiana-based manufacturer of all aspects of commercial and industrial sheet metal installations.

Over the last several weeks the Board of Governors of the Federal Reserve (the Fed) has taken a series of actions and rolled out a wide range of tools to offset the funding difficulties and liquidity challenges of financial institutions, corporate borrowers and municipalities brought on by the coronavirus pandemic (see Appendix, page 9 for details on key measures).

Hitachi Capital America Corp. (HCA) today announced that Brian Blend has joined the company as Regional Controller, Technology Finance. Brian is responsible for managing all aspects of the day-to-day relationships of assigned clients in the technology sector. He is based in Columbus, Ohio and reports to Steve Weislogel, Chief Operating Officer of the Technology Finance business.

Sunflower Bank, N.A. is pleased to announce it provided revolving and term debt commitments in connection with an investment in Team Laboratory Chemical, LLC (“Team Lab”). Sunflower Bank partnered with Team Lab’s management team, Lightspring Capital Partners and Plexus Capital to support the future growth of Team Lab.

Sunflower Bank, N.A. is pleased to announce it provided $15 million in commitments to support the redemption of shares and future growth of QuickBox Fulfillment. The transaction closed in November 2019. In this transaction, Sunflower Bank provided senior debt financing in connection with an investment made by Pike Street Capital. Additionally, Sunflower Bank provided QuickBox with a revolving line of credit in support of the company’s operations and future growth.

TCI Business Capital (www.tcicapital.com) is pleased to announce the hiring of Scott Franzen as Senior Vice President, Business Development. Mr. Franzen brings over 27 years of Sales and Business Development experience in the Factoring industry to his role. He is responsible for selling invoice factoring services to trucking fleets throughout the Midwest.

M-III Partners, LP, a leading independent corporate advisory firm, today announced two new additions to the firm's team of advisory, restructuring, and turnaround veterans. Thomas Biaggi, an executive with more than 35 years of experience managing distressed and special assets, and Keshav Lall, an expert in identifying and maximizing value in distressed assets, have joined M-III as Managing Directors, effective immediately.

CIT (NYSE: CIT) today outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. In addition, it will provide support for several community initiatives across the company's footprint that aim to provide relief to those impacted by the pandemic, with approximately half of the funding supporting nonprofits assisting small businesses in California.

Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it has increased commitments under its Revolving Credit Facility (the “Facility”) to approximately $3.6 billion and extended the final maturity date to March 30, 2025. The Facility was led by JP Morgan, Bank of America, SunTrust Robinson Humphrey, BMO Capital Markets, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation and includes a total of 37 bank participants. Pricing and advance rates remain unchanged on the Facility.

The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), and the State Banking Regulators (hereafter, the agencies), are issuing this interagency statement to provide additional information to financial institutions who are working with borrowers affected by the Coronavirus Disease 2019 (also referred to as COVID-19).

SFNet’s Advocacy Committee is prioritizing initiatives to support our bank, non-bank and service provider constituents. A key component of this is analyzing the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was enacted on March 27, for specific opportunities to address the needs of our members and borrowers across asset classes and industries, as the focus now turns to implementation.

With a negative net worth of $65 billion and an additional $140 billion in unfunded liabilities, the USPS originally expected to run out of liquidity by 2021 without intervention. That has accelerated rapidly because of COVID-19. Fewer people and businesses are sending mail because of the outbreak, which could hasten the decline of the Postal Service and close its doors as early as June, officials warned.

Mitsubishi UFJ Financial Group (MUFG) announced today that given the global impact and disruption of COVID-19, the company is taking measures to support communities in which it serves across the United States, Latin America and Canada, as well as clients and colleagues.

Despite unprecedented social and economic paralysis, many global companies continue to plan major transformation programs. More than half (56%) of executives globally are opting to transform through transaction and plan an acquisition in the next 12 months, according to our Capital Confidence Barometer survey of more than 2,900 C-suite executives globally.

J D Factors announced it has provided the following factoring facilities: $100,000 to a transportation company in Alberta; $500,000 to a security staffing company in Ontario; $2,500,000 to a transportation company in California...

The Howard Hughes Corporation® (NYSE: HHC) announced today its recent closing on two loans totaling over $490 million. A $356.8 million construction loan was secured at Ward Village® for its sixth residential mixed-use development, Kō'ula, reflecting continued strong demand to live in the acclaimed 60-acre master planned community transforming Oahu. In addition, a $137 million, 5-year term loan was secured for 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands Towers at The Waterway.

Constellis (or “the Company”), a leading provider of essential risk management and mission support services to government and commercial customers worldwide, announced today the successful completion of a comprehensive debt de-levering and recapitalization transaction with consent from 100% of its term loan and revolving lenders. As a result of the debt-for-debt and debt-for-equity exchanges, Constellis has significantly strengthened its balance sheet, reducing its debt by approximately $1.1 billion and annual cash interest payments by up to $90 million, while adding up to $50 million in new capital to support operations.