Travel and leisure companies have tapped their relationship banks for new loans to bolster liquidity and shore up investor confidence as the global spread of coronavirus heightens fears over passenger travel and canceled reservations pile up. Cruise ship operators Norwegian Cruise Line and Royal Caribbean, along with air carrier United Airlines lined up approximately US$3.23bn in new money collectively on Tuesday, one day after the virus epidemic caused a sell-off across global equity market indices with the Dow Jones Industrial Average dropping 7.8%.

Jefferson Capital Systems, LLC (Jefferson Capital), a leading purchaser and servicer of consumer charged-off and bankruptcy receivables in the United States and United Kingdom, announced today that it has completed the strategic acquisition of Canaccede Financial Group (Canaccede), the largest buyer of charged-off consumer receivables and insolvencies in Canada. J.C. Flowers & Co. (“J.C. Flowers”), a leading private investment firm specializing in the financial services industry, is the principal shareholder of Jefferson Capital.

SG was impressed with the Company’s software platform, organic growth, strong pipeline of contracted revenue, and ability to reach positive cash flow with no equity financing and minimal debt financing. SG provided a senior secured, $3MM growth capital loan structured around an ARR borrowing base and provided tailored amortization around the Company’s cyclical cash flow. ​

Bank of America has named Terry Cline as market president for Knoxville. Cline succeeds Market President John Hall, who will continue to serve on the Knoxville leadership team. As market president, Cline will be responsible for connecting the banking and investment resources offered through the company’s eight lines of business to companies, families and individuals in Knoxville.

Varagon Capital Partners (Varagon) today announced it is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of ALC Schools, LLC by affiliates of Palladium Equity Partners, L.L.C. (Palladium). ALC offers alternative student transportation solutions for a variety of student populations, including special education, homeless, foster and other in-need students.

The credit facilities will be used to provide working capital to support the Company’s future projected growth. Founded in 1987, and headquartered in Marysville, CA, NorCal cuts, assembles and distributes dimensional lumber, engineered wood and related framing materials.

Huntington Business Credit announced it closed a new $12,000,000 credit facility with Custom Bilt Holdings, LLC on February 14, 2020. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital growth financing.

FocalPoint Partners, a leading middle-market investment bank, is pleased to announce the addition of senior healthcare investment banking professional Hector M. Torres as managing director in its Chicago office. Over nearly 15 years, Hector has provided investment banking, consulting, and financial advisory services to healthcare organizations nationwide, having advised on over 25 M&A transactions with a cumulative value in excess of $2.8 billion in the past six years.

Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences and companies worldwide, today announced the closing of a $104.3 million senior secured credit facility to Epic Healthcare Staffing (“Epic” or “the Company”), a portfolio company of Webster Equity Partners. The proceeds will be used to fund the acquisition of Orbis Data Solutions, refinance existing debt, fund future acquisitions, and for general working capital purposes.

Announces New 2020 Business Optimization and Restructuring that Will Considerably Improve Profitability and Cash Flow – Expected to generate $200-$230 Million in Annualized Cost Reductions. Refinancing Commitment will Significantly Improve Capital Structure by Refinancing Debt including 2021 Senior Notes, Extending Maturities and Delivering New Funding for the Business.

Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Stephen J. Healey has joined the firm as a Managing Director. Based in Boston, he will be responsible for sourcing and developing client and referral relationships throughout the United States.

Armstrong previously was director of acquisitions for Sembler Investments and before that was market director and senior VP at The Bank of Tampa. He will lead commercial banking and lending for Valley Bank throughout the county, according to a release from the bank. He'll be in charge of six relationship managers that cover the bank's county presence, which includes seven branches.

“We are very pleased to be working with Wells Fargo. This is an important step in continuing to expand the activities of AP Equipment Financing. We have grown from a small finance company to an entity that will fund over 3,000 small ticket transactions worth over $200 million in 2020. We are excited about the treasury management capabilities Wells Fargo has to offer as well as working with a large, specialized staff in Dallas, Texas who are highly responsive to our ever-changing funding needs,” stated Chris Enbom, CEO of AP.

United Community Banks, Inc. and Three Shores Bancorporation, Inc., the Parent of Seaside National Bank & Trust, Announce Merger Agreement United Community Banks, Inc. (“UCBI”) acquires a strong commercial lender focused on relationship banking with a “branch lite” approach in key Florida metro areas. Seaside National Bank & Trust founded and led by an experienced and highly capable President and Chief Executive Officer, who will be joining the combined organization. Strategically compelling transaction, combining UCBI’s significant liquidity, low-cost funding and excess capital with Seaside’s extensive client network and growth potential.

Mr. Jacobs joined A&M Taxand from the IRS, where he served as a Senior Technician Reviewer with the IRS Office of Associate Chief Counsel (Corporate) for more than six years. In this role, Mr. Jacobs advised the office and the public on a range of complex tax matters, including share-holder issues in a corporate reorganization, liquidations and redemptions, transfers to corporations, bankruptcies, spin-offs and consolidated returns.

OnDeck® (NYSE: ONDK), the leader in online lending to small business, today announced the appointment of Mark Torossian as Senior Vice President, Finance, a newly created role that will oversee the organization's Accounting and Financial Planning & Analysis (FP&A) functions.

Horse Purchase Agreement for Going Concern Sale. Receives New $125 Million Debtor-in-Possession Loan Commitment to Support Continued Operations. Enters into “Stalking Horse” Purchase Agreement; Concurrently Company Will Commence Court-Supervised Sale Process. Business to Continue Delivering Outstanding Service to Millions of Customers Without Interruption

Equitable Bank, Canada's Challenger Bank™, is pleased to announce it acted as the sole lead arranger of a $60 million senior secured credit facility to support the recapitalization and growth of BridgePoint Financial Services Inc. (BridgePoint), Canada's leading provider of specialized loans for the legal services market with a focus on loans to individuals involved in personal injury claims and loans/credit facilities to law firms.

LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE: LTE) (OTC PINK: LTCCF) is pleased to announce it has closed an expanded credit facility with the Royal Bank of Canada (RBC), in cooperation with Export Development Canada (EDC).

Funding Metrics, under the brands Lendini and Quickfix Capital is a merchant cash advance company that has developed a robust online platform with advances being approved with in 3 hours. Funding Metrics, LLC (the “Company”) announced today the closing of a new $100 million revolving credit facility with a multi-billion dollar institutional credit fund. The Company will use the funds to expand and accelerate the growth of its small business funding platform. Brean Capital served as exclusive financial advisor to the Company on the transaction.