Balance 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 (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.

Health (“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.

Utica 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.

Provides $4 million senior secured credit facility to Win Brands Group for the majority purchase of silicon ring maker, QALO.

California BanCorp (CALB), the holding company for California Bank of Commerce (CBC), today announced that Alexandra Scoggin has joined the CBC Business Credit team as Vice President of Marketing and Business Development. A department within California Bank of Commerce, CBC Business Credit offers asset-based financing to a broad array of businesses. Scoggin will be based in Southern California.

SAC will be led by SFI’s founding members Stacey Wilson as Managing Director and Stephen Danner and Marty Dugan as Executive Directors – the team that boasts a two-decade-plus formidable track record in pioneering the first financing structures still in place today and financing more than 1,000 aircraft on behalf of airlines, manufacturers, and investors since SFI’s beginnings in the 1990s.

The 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.

To 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 (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 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 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.

Banco 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.

Mounir Gad has joined the Bank as Senior Vice President, Market Manager, of the Specialty Finance Division. Kevin Conway also joins the Bank in the Specialty Finance Division as Senior Vice President, Relationship Manager.

Monticello 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.

The 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.

TAB Bank is pleased to announce it has provided a $9 million revolving credit facility for a transportation company based in Minnesota. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

White 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, 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

Alimera Sciences, Inc. (ALIM) (“Alimera”), a leader in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, today announced that it has drawn down the remaining $2.5 million under the $45 million term loan agreement with its current lenders, investment affiliates managed by Solar Capital Partners, LLC.