Nordea Bank Abp, New York Branch (“Nordea”), ABN AMRO Capital USA LLC (“ABN”), Crédit Agricole Corporate & Investment Bank, DNB Capital LLC and Skandinaviska Enskilda Banken AB (PUBL) acted as Mandated Lead Arrangers and Bookrunners. Nordea acted as Administrative Agent.

Private Lending Firm MCG, recently financed a New York-based fashion firm. The deal, worth $325 million, consists of a term loan in the amount of $195 Million and a $130 Million working line of credit. MCG has earned a reputation as the go-to lender for those in need of flexible capital. "Hybrids, a combination of a loan and line of credit, are complicated. We were able to get it done and give them favorable terms because they have had an a proven track record for over 25 years" said Stan Bril, CEO of MCG.

Castor Maritime Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has successfully entered into two agreements: (i) a secured term loan financing agreement and (ii) a non-brokered private placement of unsecured convertible debentures. The secured term loan facility and the convertible debentures are subject to normal closing conditions.

Corporate delinquencies climbed to a record high of 153.5 billion yuan (US$22 billion) last year, up from 117.1 billion in 2018, according to Wind data. As China’s economic growth slows, more companies are likely to run into liquidity problems, while corporate earnings and cash flow are weakening, says A&M’s Ron Thompson

As part of its planned expansion of commercial banking talent and resources across the Northeast, KeyBank announced that Matthew Hummel has joined the bank in the newly created position of Commercial Banking team leader, reporting to market president James Barger. In his new role, Hummel will lead and expand the team of commercial bankers serving middle-market clients in Connecticut and Western Mass. and help drive KeyBank’s commercial business growth throughout the market.

LendCare Capital, a leading Canadian point-of-sale finance and technology company, announced today it has secured a new $100 million (CAD) financing commitment from a leading institutional asset manager. This facility supplements the company's current $250 million senior facility, and along with other existing relationships brings LendCare's total funding capacity to $450 million.

Amerisource Business Capital announced the closing and funding of a $1,500,000 revolving credit facility for a marble and granite wholesaler in North Carolina. The proceeds of the facility are being used for working capital, with availability against accounts receivable and inventory.

Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, announced today that it has entered into an amendment to its Senior Secured Term Loan (“SSTL”) that extends the maturity date to May 15, 2022. As part of the transaction, the outstanding balance of the SSTL was reduced from $326 million to $200 million.

Mountainside will provide direct funding to companies creating the right capital solutions for their businesses offering receivables financing and other ABL products including term loan opportunities as well as participations with other lenders. Flig, who will serve as President and CEO of Mountainside, has been in the commercial finance business for over 40 years.

CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as administrative agent for an $87 million loan to finance construction of a new logistics warehouse and storage facility adjacent to John F. Kennedy International Airport in Queens, N.Y. Triangle Equities Development Company and its partners Township Capital Inc. and L&B Realty Advisors LLP are planning to develop a five-story, 300,000-square-foot Terminal Logistics Center, which will be among the first multi-story industrial buildings in the U.S.

Keith Baars will serve as Senior Vice President, Commercial Banking Manager and lead a team of experienced commercial bankers in the Central region. Tony Braun and Mark Tushkowski will also join the team as Vice Presidents. The trio will office in the Wausau market and serve all of Central Wisconsin.

Completed transactions included: a $45 million line of credit to a Midwest steel mill to support the company’s ESOP transaction and to provide for ongoing working capital needs and $25 million line of credit to a Southeast finance company specializing in factoring and small ABL lines of credit. The line of credit supports the company’s growth and general working capital purposes.

Merchants Bancorp (NASDAQ: MBIN), along with subsidiaries Merchants Bank of Indiana ("Merchants Bank") and Merchants Capital Corp. ("Merchants Capital"), announces changes to its executive team, effective immediately. Merchants Bancorp Co-Founder Michael F. Petrie will continue to serve as Chairman and CEO of Merchants Bancorp and Chairman of Merchants Bank – positions he has held since 2006.

Blank Rome LLP is pleased to announce that Jose A. Manalo Jr. has joined the Firm’s Los Angeles office as an associate in the Corporate, M&A, and Securities group, which recently welcomed leading corporate and finance partner Craig R. Culbertson in the Chicago office.

Key Energy Services, Inc. (“Key” or the “Company”) announced today that it has entered into a Restructuring Support Agreement (including the exhibit thereto, the “RSA”) with lenders under its term loan facility collectively holding over 99.5% (the “Supporting Term Lenders”) of the principal amount of the Company’s outstanding term loans.

Mr. Forbes will serve as a Regional Market Manager out of Houston and will be responsible for new business development throughout Texas and Louisiana. He joins Amerisource as an accomplished industry professional, with over 30 years sales and credit experience in asset-based lending. His previous work experience includes marketing for MidCap Business Credit and Frost Capital.

Wynnchurch Capital, L.P., a leading middle market private equity firm, announced the closing of its fifth private equity fund, Wynnchurch Capital Partners V, L.P at $2.277 billion of committed capital. Law firm Ropes & Gray, LLP represented Wynnchurch Capital. The Private Fund Group of Credit Suisse Securities (USA) LLC served in an advisory capacity with respect to the private placement.

Stephano Slack, LLC, a leading regional accounting and consulting firm, recently announced the promotion of Jay Brooks from Senior Manager to Partner in the firm’s Accounting and Auditing department, effective December 1, 2019. He began work with the firm as an intern in 2008 and has held positions of increasing responsibility.

Bank Street Partners, a Performance Trust Company is acting as financial advisor to Pinnacle and Troutman Sanders LLP is acting as its legal advisor in the transaction. Janney Montgomery Scott LLC is acting as financial advisor to Virginia Bank and Williams Mullen is acting as its legal advisor in the transaction.

Enters Into Asset Purchase Agreement to Sell 5 New York City Stores and Distribution Center, Subject to Court Supervised Auction Process. Stores to Remain Open Across The Tri-State Area During the Court Process with No Service Interruptions Expected. Fairway Market's legal counsel is Weil, Gotshal & Manges, LLP, its M&A investment banker is PJ Solomon and its financial advisors are Mackinac Partners. The Ad Hoc Group of senior lenders are represented by King & Spalding, LLP.