Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Lender in providing a $92.2 million Senior Secured Credit Facility (the “Financing”) to Cassavant Holdings, LLC (“Cassavant”), a vertically-integrated manufacturer of precision-machined components and sub-assemblies serving the aerospace and defense industries.

To address concerns regarding Coronavirus COVID-19 and to help safeguard the health and well-being of our members and the greater secured finance community participating in events over the coming months, the Secured Finance Network (SFNet) is instituting the following policies:

The continued worldwide spread of COVID-19 (the coronavirus disease) may weaken the U.S. dollar over the long run by impelling multinational corporates and foreign investors in the United States to repatriate money back to their home countries, said Kuniyuki Hirai, Managing Director and Head of Trading in the Americas for Mitsubishi UFJ Financial Group (MUFG). Mr. Hirai delivered his remarks at an MUFG media roundtable last week to discuss the coronavirus's implications for the global economy and currency markets.

Mr. Santamarina joins Hilco Redevelopment Partners (www.HilcoRedev.com) as the Vice President of Development for the Southeast Region. In this role, he will be responsible for the overall development process in the southeast region for new and existing construction projects which includes land acquisition, due diligence, initial concept feasibility, land entitlement, governmental approvals, selecting project teams, design oversight, bidding, project budgets, construction oversight, project schedules, and leasing.

Continuing its strategic growth in London, international law firm Proskauer announced today the arrival of Litigation Partner Dorothy Murray.

North Mill Capital is pleased to announce the funding of an $8,000,000 asset-based credit facility to Coastal Wire Company based in Georgetown, SC. The funds were used to pay off the previous lender and provide additional working capital for the company.

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, is pleased to announce Richard Russakoff has joined its Healthcare Real Estate lending team.

Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent purchase order finance facility. The deal will support the production financing requirements of an Illinois-based manufacturer and importer of mechanical components for large customers in the OEM industrial sector.

In a statement issued to Kew Media Group’s investors on Friday, the company said it has been placed in receivership under the orders of the Ontario Superior Court. FTI Consulting Canada will manage Kew Media Group’s affairs, including selling off its assets. The collapse came just hours after Truist Bank demanded the “repayment of all amounts owing under the senior credit facilities” after Kew Media Group defaulted on its credit facility last year because it filed “inaccurate” financial information

MidCap Business Credit completed a $5 million revolving credit facility for Appco Pharma, LLC. The facility was used to provide additional liquidity and support the company’s growth plans and working capital needs.

36th Street Capital announced a recently funded $8 million equipment financing for a leading technology company that provides ridesharing, meal preparation and delivery services to end-users worldwide.

The funds were used to pay off the previous lender and provide additional working capital for the company. Coastal Wire Company was founded in 1978 and manufactures fully annealed, high-strength baling, tying and specialty wire products for the recycling and galvanizing industries.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $2.750M ABL facility to a Midwest based freight transportation company that provides freight management and brokerage services of fresh produce and refrigerated goods for customers nationwide. Proceeds from AFS’ revolver were used to pay off the Company’s existing bank line and provide new funds for working capital and to support business growth.

Celtic Capital Corporation today announced its most recent new client relationship – an Idaho-based company that designs and manufactures parts and pieces for food processing plants as well as construction of primarily steel buildings.

Company enters into an amended and restated loan agreement with noteholder to repay and convert the existing $1,212,006 million balance under facility. Trutankless, Inc. (OTCQB: TKLS) manufactures an award-winning line of WiFi enabled electric tankless water heaters which are an attractive option for American households to upgrade from traditional inefficient hot water tanks. The Company has reported growing demand and sales over the last several period.

Cam Fowler will take on a new role as Chief Strategy & Operations Officer. He currently serves as Group Head, North American Personal and Business Banking. Erminia (Ernie) Johannson is appointed Group Head, North American Personal and Business Banking.

Michael Best announced today the addition of RWR Legal into its Austin office operations, effective immediately. The combination, which will greatly benefit both Michael Best and RWR Legal clients, will add three senior corporate and securities attorneys. RWR Legal connects high-growth clients with the talent, mentoring, and resources required for success.

Christopher & Banks Corporation (OTC: CBKC), a specialty women’s apparel retailer, today announced the amendment of its Asset-Based Revolving Credit Facility and that it has entered into a Term Loan Credit Facility with an LLC of Angelo Gordon. The new credit facility package will provide incremental liquidity of $6-$8 million to support the company’s growth objectives.

BancorpSouth Bank (NYSE: BXS) has promoted Robert Harris to senior vice president, director of diversity and inclusion, responsible for developing strategies and initiatives to enhance the company's organizational culture. In addition, Harris has also been promoted to director of community lending.

Goldman Sachs BDC, Inc. (the “Company”) (NYSE: GSBD) announced today that it has favorably amended its senior secured revolving credit facility agreement with Truist Bank (formerly known as SunTrust Bank), as administrative agent (as amended, supplemented or otherwise modified and in effect from time to time, the “Truist Revolving Credit Facility”).