The loan is secured by the company's two owner-occupied office/warehouse facilities. The company buys stock airplane part packages in bulk and sells off the individual parts or smaller packages to support the repair and maintenance of airline fleets.

Winter Harbor LLC, a national restructuring and turnaround firm, announced Rob Hubbard has joined their team as a managing director. Rob boasts more than 20 years of financial advisory, restructuring, and turnaround expertise to large and middle-market companies and their stakeholders. His experience has focused on assisting companies with stabilizing operations and determining strategic alternatives to improve business performance.

Crestmark secured a total of $10,450,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $15,950,106 in nine new lease transactions; Crestmark Vendor Finance provided $4,247,630 in 46 new lease transactions; and the Government Guaranteed Lending Division provided $1,680,000 in financing for one new client in the second half of February.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Adam Heltzer has joined as Managing Director and Head of Environmental, Social and Governance (“ESG”), effective April 1, 2020. Mr. Heltzer will be based in New York and will report to Michael Arougheti, Chief Executive Officer and President of Ares.

Ms. Salyers brings over 25 years of experience in all facets of secured lending, including field exam, underwriting, special assets management, and portfolio management. Mr. Whetstone, who is also based in Chicago, is a secured lending veteran, having over 25 years of experience across industries including consumer, factoring and asset-based lending.

MidFirst Business Credit (“MFBC”) announced it has provided $16 million in working capital and term facilities to Principal Manufacturing Corporation (“PMC”). Headquartered in Broadview, Illinois, PMC is a custom manufacturer of fine-blanking and precision stamping parts for OEMs, and Tier 1 and 2 automotive suppliers in the U.S., Mexico, Europe and Asia.

36th Street Capital announced today that it increased its expandable senior secured revolving credit facility to $170 million in addition to amending terms to a new five-year facility. San Francisco, CA-based Wells Fargo Bank has joined the syndicate with an additional $35 million participation. The credit facility includes four lenders and is led by Capital One Bank, N.A. as agent.

203 Trading LLC is a distributor of refurbished computers and electronics headquartered in Norwalk, Connecticut. The funds will be used to repay the previous lender and provide additional working capital to support the company's significant growth.

This new loan comes during a period of rapid growth for Aura in which the company has provided approximately $750MM in loans to nearly 344,000 borrowers at 1,050 partner locations since 2014. Aura uses technology that goes beyond credit scores to determine borrowers' ability to repay and enables local businesses to administer credit applications.

ABLE Equipment Rental, Inc. of NY (ABLE) a supplier of Construction Equipment Rentals, Sales, Service and Parts, announced the closing of a $150 million Asset Based Loan with M&T Bank as Lead Arranger and Administrative Agent. The facility is comprised of a $100 million revolving line of credit as well as a $15 million term loan facility.

GreatAmerica Financial Services Corporation announced today that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish GreatAmerica Bank, an industrial bank to be located in the Salt Lake City, Utah metropolitan area. The proposed GreatAmerica Bank will be a wholly-owned subsidiary of GreatAmerica, helping it expand its ability to help its customers be more successful.

Bear Creek Mining Corporation (TSXV: BCM) (BVL: BCM) ("Bear Creek" or the "Company") announces that it has engaged BNP Paribas and Société Générale as Joint Lead Arrangers (together, the "JLAs") to arrange a US$ 400 million senior secured credit facility (the "Facility"). The Facility, if concluded, will be used to develop the Company's wholly owned and fully permitted, world-class Corani silver-lead-zinc project located in the Puno region of Peru.

The bank syndication supporting the new facility is comprised of a diverse group of twelve banks led by Bank of America Merrill Lynch, Wells Fargo Securities, LLC, BNP Paribas, Capital One, Citizens Bank, HSBC Bank USA, JP Morgan Chase Bank, N.A., TD Bank, N.A., and Truist Bank, as Joint Lead Arrangers, Joint Book Runners and Co-Syndication Agents, Citibank, N.A as a Joint Lead Arranger and Documentation Agent, CoBank, ACB and People's United Bank, National Association. Bank of America, N.A. is serving as Administrative Agent.

In this role, Austin will manage portfolio accounts, enhancing client relationships and developing new ones. Additionally, he will take an active role in business development, working with colleagues in the Los Angeles, CA and Winston-Salem, NC offices.

Old Hill has provided a $6 million revolving facility to a company focused on lending to small and medium-sized buyers of portfolios of charged-off consumer debt. The underlying loans are backed by portfolios of charged-off credit card receivables, installment loans, auto deficiencies, student loans, and other, mostly consumer-based, lending products.

The Facility, arranged by HSBC's GBA+ Technology Fund, will further strengthen iClick's financial position and the execution of strategic initiatives in China's Guangdong-Hong Kong-Macau Bay Area ("GBA"). The proceeds from the Facility will be used to further propel iClick's digital marketing business, develop iClick's Enterprise Solutions, and support general corporate purposes.

Banks including Barclays Bank Plc and Goldman Sachs Group Inc. have almost $9 billion worth of high-risk loans and bonds weighing on their balance sheets and face a nervous wait for the credit markets to reopen before they can sell the debt. Financing has yet to launch for various deals including TDR Capital’s purchase of U.K. pub company EI Group, slated to bring in 1.35 billion pounds ($1.73 billion) to the high-yield bond market, and a 725 million-euro loan to back private equity firm Lone Star Funds’ acquisition of BASF’s construction chemicals unit.

BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed a sale-leaseback transaction for its distribution facilities in Elkhart, Indiana, for net cash proceeds of $7.5 million.

The Joint Corp. (JYNT), a national operator, manager and franchisor of chiropractic clinics, closed a senior secured credit facility with J.P. Morgan Chase Bank, N.A. for $7.5 million, including a $5.5 million development line of credit (LOC) and a $2.0 million revolving LOC, which has an uncommitted accordion feature for an additional $2.5 million. The company repaid its previous LOC prior to December 31, 2019.

In addition, Vertiv closed an amendment on its $455 million asset-based lending (ABL) credit facility which, among other changes, extended the maturity to March 2, 2025 and lowered the applicable margin on loans thereunder by 0.25%.