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Robert Harris Promoted to Senior Vice President, Director of Diversity and Inclusion for BancorpSouth Bank
March 2, 2020BancorpSouth 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.
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Goldman Sachs BDC, Inc. Favorably Amends Its Revolving Credit Facility
March 2, 2020Goldman 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”).
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Cybersecurity Readiness in a Pandemic Era
March 2, 2020As the coronavirus (COVID-19) continues to spread around the globe, and with the first suspected instance of community spread in the U.S confirmed by the CDC, time is quickly running out for individuals and businesses to prepare for the inevitable disruptions of an outbreak. Business Continuity and Disaster Recovery planning are two critical components of a good cybersecurity strategy. These plans ensure that a business has the necessary systems and procedures in place to enable ongoing operations during a crisis, and allow them to quickly and efficiently resume normal operations once the crisis is over.
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Balance Point Capital Announces Investment Team Promotions
February 27, 2020Balance Point Capital ("Balance Point"), a leading provider of capital to lower middle market companies, is pleased to announce the promotions of Nathan Elliott to Managing Director, Adam Sauerteig to Senior Vice President, Grant Groher to Vice President and Dan Freshman to Senior Associate.
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Houlihan Lokey Grows Its Oil & Gas Group With Experienced Hire
February 27, 2020Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Shane Sealy has joined the firm as a Managing Director in the Oil & Gas Group. Mr. Sealy is based in Houston and is responsible for advising upstream companies on mergers and acquisitions, joint ventures, divestitures, restructurings, and capital markets transactions.
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Monroe Capital Partners with Cimarron Healthcare Capital to Acquire Ascent Behavioral Health
February 27, 2020Health (“Ascent”), in partnership with Cimarron Healthcare Capital and Ascent’s management team. Monroe Capital acted as sole lead arranger and administrative agent of the senior credit facility and co-invested equity alongside Cimarron Healthcare Capital to support the transaction.
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Francois van Reede Joins Utica Equipment Finance Team
February 27, 2020Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Francois van Reede has joined the firm as a Business Development Officer. Based in Arizona, he will be responsible for sourcing and developing client and referral relationships throughout the United States.
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Assembled Brands Finances Acquisition of QALO by Holding Company Win Brands Group
February 27, 2020Provides $4 million senior secured credit facility to Win Brands Group for the majority purchase of silicon ring maker, QALO.
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Encina Business Credit Provides $15 Million Facility to Manufacturer of Highly Engineered Products
February 26, 2020The credit facility consists of a revolving line of credit based on accounts receivable and inventory and a term loan based on machinery and equipment. The credit facility was used to refinance an existing line of credit and will provide ongoing working capital financing.
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Viral Impact: How COVID-19 is Affecting M&A and Private Equity
February 26, 2020To get a sense of the ramifications for the middle market, Mergers & Acquisitions examines several factors, including the current impact on China’s economic growth; how the virus was discussed in the earnings calls of U.S. public companies in January and February; and the views of two prominent dealmakers who are based in Hong Kong. As this is an ongoing story, we’ll continue evaluating the economic and business effects.
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Global Merchant Fund Provides $40,000,000 Client Facility
February 26, 2020Global Merchant Fund (GMF), announced an increase in the credit facility to $40,000,000 for a financial technology company based in western Canada. The increase will consolidate the company‘s existing facilities and provide additional liquidity to continue to grow its business across Canada in a profitable manner.
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Leland Capital Advisors Provides $250,000 Revolving Work in Progress (WIP) Funding
February 26, 2020Leland Capital Advisors LLC announced it provided a $250000 revolving Work in Progress (WIP) funding for a manufacturing company that specializes in Aeronautical Electronic Components in Georgia.
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Huntington Business Credit Closes Credit Facilities With Sunbelt Modular, Inc.
February 26, 2020Huntington Business Credit announced it closed new $19,713,000 credit facilities with Sunbelt Modular, Inc. on February 4, 2020. Proceeds of the facility were used to partially fund the acquisition by strategic buyers and provide ongoing working capital growth financing.
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A.P. Moller - Maersk Links New $5.0bn Revolving Credit Facility to its CO2 Performance
February 26, 2020Banco Santander S.A., London Branch, Bank of America Merrill Lynch International Designated Activity Company, Barclays Bank Plc, BNP Paribas, Citibank N.A. London, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, Deutsche Bank, Handelsbanken, HSBC France, MUFG, Nordea, SEB and Standard Chartered Bank, joined as mandated lead arrangers.
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Monticello Provides $117M in Financing for Skilled Nursing Facility Portfolio in North Carolina, Kentucky
February 26, 2020Monticello has provided $117 million in first lien debt financing for the acquisition of 12 skilled nursing properties and the refinance of one other in North Carolina and Kentucky. The skilled nursing portfolio totals 1,357 beds.
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What’s Behind Cosi’s 2nd Bankruptcy?
February 26, 2020The Boston-based chain, which owes $30.7 million in secured debt, put itself up for sale two months ago and shuttered 30 units in December. It is also pivoting its focus to its catering program as part of a restructuring effort. In 2016, Cosi filed for bankruptcy. The following year, AB Value Management and Milfam LLC bought the chain. The death of Lloyd Miller III, Milfam’s principal, early in 2018 caused Milfam to “extricate itself from its investment in Cosi,” according to the filing.
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White Oak Global Advisors, LLC Makes Key New Hires to Expand Aviation Finance Offerings
February 25, 2020White Oak Global Advisors, LLC (“White Oak”) today announced the addition of three senior members to White Oak Aviation, LLC, the aviation financing affiliate created to expand the firm’s offerings to the aviation market. Bob Genise, Asa Watts, and Greg Byrnes will be based in Bellevue, Washington and Ireland, and will further enhance the firm’s capabilities in the space.
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RigNet Announces Amendment and Extension of Credit Facility
February 25, 2020RigNet, the leading provider of ultra-secure, intelligent networking solutions, announced today that it has successfully amended its senior secured Credit Facility with its existing bank group led by Bank of America, N.A. as administrative agent
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Sallyport Commercial Finance Offers Flexibility to a Growing Business in Canada
February 25, 2020Sallyport Commercial Finance provides a $600,000 accounts receivable facility to a company that specializes in non-destructive testing services. The family-owned and operated business was referred to Sallyport by a broker who has introduced business in the past. With a turnaround solution in place, the company hopes to generate more revenue and stabilize their working capital.
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Moritt Hock & Hamroff Welcomes Anthony J. Ficara, Michael Wickersham & Jodi B. Zimmerman
February 25, 2020The law firm of Moritt Hock & Hamroff with offices on Long Island and in New York City has announced that Anthony J. Ficara, Michael Wickersham and Jodi B. Zimmerman have joined the firm, adding a new industry practice, in the Condominium & Co-Op Services sector, within the scope of the firm's Real Estate Practice Group. Mr. Ficara joins the firm as a partner and resides in the firm's New York City office. Mr. Wickersham and Ms. Zimmerman join the firm as associates and reside in the firm's Garden City office.
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Robert Harris Promoted to Senior Vice President, Director of Diversity and Inclusion for BancorpSouth Bank
March 2, 2020BancorpSouth 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. Favorably Amends Its Revolving Credit Facility
March 2, 2020Goldman 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”).
-
Cybersecurity Readiness in a Pandemic Era
March 2, 2020As the coronavirus (COVID-19) continues to spread around the globe, and with the first suspected instance of community spread in the U.S confirmed by the CDC, time is quickly running out for individuals and businesses to prepare for the inevitable disruptions of an outbreak. Business Continuity and Disaster Recovery planning are two critical components of a good cybersecurity strategy. These plans ensure that a business has the necessary systems and procedures in place to enable ongoing operations during a crisis, and allow them to quickly and efficiently resume normal operations once the crisis is over.
-
Balance Point Capital Announces Investment Team Promotions
February 27, 2020Balance Point Capital ("Balance Point"), a leading provider of capital to lower middle market companies, is pleased to announce the promotions of Nathan Elliott to Managing Director, Adam Sauerteig to Senior Vice President, Grant Groher to Vice President and Dan Freshman to Senior Associate.
-
Houlihan Lokey Grows Its Oil & Gas Group With Experienced Hire
February 27, 2020Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Shane Sealy has joined the firm as a Managing Director in the Oil & Gas Group. Mr. Sealy is based in Houston and is responsible for advising upstream companies on mergers and acquisitions, joint ventures, divestitures, restructurings, and capital markets transactions.
-
Monroe Capital Partners with Cimarron Healthcare Capital to Acquire Ascent Behavioral Health
February 27, 2020Health (“Ascent”), in partnership with Cimarron Healthcare Capital and Ascent’s management team. Monroe Capital acted as sole lead arranger and administrative agent of the senior credit facility and co-invested equity alongside Cimarron Healthcare Capital to support the transaction.
-
Francois van Reede Joins Utica Equipment Finance Team
February 27, 2020Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Francois van Reede has joined the firm as a Business Development Officer. Based in Arizona, he will be responsible for sourcing and developing client and referral relationships throughout the United States.
-
Assembled Brands Finances Acquisition of QALO by Holding Company Win Brands Group
February 27, 2020Provides $4 million senior secured credit facility to Win Brands Group for the majority purchase of silicon ring maker, QALO.
-
Encina Business Credit Provides $15 Million Facility to Manufacturer of Highly Engineered Products
February 26, 2020The credit facility consists of a revolving line of credit based on accounts receivable and inventory and a term loan based on machinery and equipment. The credit facility was used to refinance an existing line of credit and will provide ongoing working capital financing.
-
Viral Impact: How COVID-19 is Affecting M&A and Private Equity
February 26, 2020To get a sense of the ramifications for the middle market, Mergers & Acquisitions examines several factors, including the current impact on China’s economic growth; how the virus was discussed in the earnings calls of U.S. public companies in January and February; and the views of two prominent dealmakers who are based in Hong Kong. As this is an ongoing story, we’ll continue evaluating the economic and business effects.
-
Global Merchant Fund Provides $40,000,000 Client Facility
February 26, 2020Global Merchant Fund (GMF), announced an increase in the credit facility to $40,000,000 for a financial technology company based in western Canada. The increase will consolidate the company‘s existing facilities and provide additional liquidity to continue to grow its business across Canada in a profitable manner.
-
Leland Capital Advisors Provides $250,000 Revolving Work in Progress (WIP) Funding
February 26, 2020Leland Capital Advisors LLC announced it provided a $250000 revolving Work in Progress (WIP) funding for a manufacturing company that specializes in Aeronautical Electronic Components in Georgia.
-
Huntington Business Credit Closes Credit Facilities With Sunbelt Modular, Inc.
February 26, 2020Huntington Business Credit announced it closed new $19,713,000 credit facilities with Sunbelt Modular, Inc. on February 4, 2020. Proceeds of the facility were used to partially fund the acquisition by strategic buyers and provide ongoing working capital growth financing.
-
A.P. Moller - Maersk Links New $5.0bn Revolving Credit Facility to its CO2 Performance
February 26, 2020Banco Santander S.A., London Branch, Bank of America Merrill Lynch International Designated Activity Company, Barclays Bank Plc, BNP Paribas, Citibank N.A. London, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, Deutsche Bank, Handelsbanken, HSBC France, MUFG, Nordea, SEB and Standard Chartered Bank, joined as mandated lead arrangers.
-
Monticello Provides $117M in Financing for Skilled Nursing Facility Portfolio in North Carolina, Kentucky
February 26, 2020Monticello has provided $117 million in first lien debt financing for the acquisition of 12 skilled nursing properties and the refinance of one other in North Carolina and Kentucky. The skilled nursing portfolio totals 1,357 beds.
-
What’s Behind Cosi’s 2nd Bankruptcy?
February 26, 2020The Boston-based chain, which owes $30.7 million in secured debt, put itself up for sale two months ago and shuttered 30 units in December. It is also pivoting its focus to its catering program as part of a restructuring effort. In 2016, Cosi filed for bankruptcy. The following year, AB Value Management and Milfam LLC bought the chain. The death of Lloyd Miller III, Milfam’s principal, early in 2018 caused Milfam to “extricate itself from its investment in Cosi,” according to the filing.
-
White Oak Global Advisors, LLC Makes Key New Hires to Expand Aviation Finance Offerings
February 25, 2020White Oak Global Advisors, LLC (“White Oak”) today announced the addition of three senior members to White Oak Aviation, LLC, the aviation financing affiliate created to expand the firm’s offerings to the aviation market. Bob Genise, Asa Watts, and Greg Byrnes will be based in Bellevue, Washington and Ireland, and will further enhance the firm’s capabilities in the space.
-
RigNet Announces Amendment and Extension of Credit Facility
February 25, 2020RigNet, the leading provider of ultra-secure, intelligent networking solutions, announced today that it has successfully amended its senior secured Credit Facility with its existing bank group led by Bank of America, N.A. as administrative agent
-
Sallyport Commercial Finance Offers Flexibility to a Growing Business in Canada
February 25, 2020Sallyport Commercial Finance provides a $600,000 accounts receivable facility to a company that specializes in non-destructive testing services. The family-owned and operated business was referred to Sallyport by a broker who has introduced business in the past. With a turnaround solution in place, the company hopes to generate more revenue and stabilize their working capital.
-
Moritt Hock & Hamroff Welcomes Anthony J. Ficara, Michael Wickersham & Jodi B. Zimmerman
February 25, 2020The law firm of Moritt Hock & Hamroff with offices on Long Island and in New York City has announced that Anthony J. Ficara, Michael Wickersham and Jodi B. Zimmerman have joined the firm, adding a new industry practice, in the Condominium & Co-Op Services sector, within the scope of the firm's Real Estate Practice Group. Mr. Ficara joins the firm as a partner and resides in the firm's New York City office. Mr. Wickersham and Ms. Zimmerman join the firm as associates and reside in the firm's Garden City office.
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