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Home > Chapters > Canada > News Detail
  • LPL Financial Announces Completion of Leverage-Neutral Transaction Amending Senior Secured Credit Facilities and Offering Senior Unsecured Notes
    November 13, 2019
    LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, the “Company”) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has completed the previously announced amendment of its senior secured credit facilities and offering of senior unsecured notes (the “senior notes”).
  • FirstClose Completes a Credit Facility with Pacific Western Bank; Westlake Securities Serves as Advisor
    November 13, 2019
    FirstClose (the "Company"), a leading provider of technology solutions for mortgage lenders nationwide, announced today that it has completed a credit facility with Pacific Western Bank.
  • Locally-Led Bridgewater Bank Announces Equipment Finance Division
    November 13, 2019
    Bridgewater Equipment Finance will provide a variety of financing solutions to commercial clients, including financing for equipment, vehicles, facilities and other purchases needed to fuel business growth.
  • BFS Capital Names Brian Simmons as Chief Operating Officer
    November 13, 2019
    BFS Capital, a leader in small business lending, today announced the appointment of Brian Simmons as Chief Operating Officer. Simmons will join the executive team reporting to the company’s CEO Mark Ruddock.
  • SG Credit Partners Adds Bridge Loan Product to Solve For High Net Worth Liquidity Issues
    November 13, 2019
    SG Credit Partners ("SGCP") now offers an interest only bridge loan product designed to provide a liquidity solution for asset rich, liquidity constrained entrepreneurs when speed and certainty to close are required. We call it the "Personal Financial Statement (PFS) Loan."
  • Change Capital Appoints Scott Bernstein as General Counsel
    November 13, 2019
    Scott brings to his role extensive bankruptcy, reorganization, and commercial litigation experience, representing financial institutions, financial services companies, and secured and unsecured creditors. He will provide counsel and representation to Change Capital in these areas as well all legal matters.
  • Ferrellgas, L.P., Reaches Agreement With Lender Regarding Alleged Defaults
    November 13, 2019
    Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas”) announced today that it reached an agreement with TPG Specialty Lending, Inc., the administrative agent (“TPG”) under its senior secured credit facility regarding alleged events of default that occurred under the credit facility.
  • Middle Market Companies Boosting Tech Upgrades to Drive Growth
    November 13, 2019
    Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll[1] for CIT Group Inc. (NYSE: CIT).
  • Austin Financial Services Provides a $3MM Revolving Credit Facility to a Telecommunications Company
    November 12, 2019
    Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM ABL credit facility to a telecommunications company who specializes in the design, component procurement, installation, and training for specialized IT electronics systems servicing end-user markets in the western U.S.
  • Big Shoulders and Iroquois Industrial Purchase Assets of Tennessee Company
    November 12, 2019
    Big Shoulders Capital and Iroquois Industrial Group have formed a joint venture to purchase the assets of Savannah All American Millwork and Fabrication in Savannah, Tennessee. The purchase will save approximately 100 jobs which may have otherwise have been eliminated.
  • J D Factors Announces Factoring Facilities
    November 12, 2019
  • Fifth Third Business Capital Provides $8 Million to Troy Lee Designs
    November 12, 2019
    Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of an $8,000,000 senior credit facility to Troy Lee Designs, LLC. Based in Corona, California, Troy Lee Designs is a designer and distributor of high-quality helmets, apparel, safety gear and accessories used in the off-road motorcycling and mountain biking industries.
  • Encina Business Credit Provides $15 Million Facility to a Coal Mining Company
    November 12, 2019
    Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan consists of a revolving line of credit secured by trade accounts receivable and inventory.
  • City National Bank Appoints Rick Hariman to Succeed John Beale as Chief Information Officer
    November 11, 2019
    City National Bank, America’s Premier Private and Business Bank®, today announced that Rick Hariman will join the company as executive vice president and chief information officer. Hariman will succeed John Beale, the current chief information officer, who has decided to retire in January after 23 years with City National.
  • RPT Realty Announces Closing of Amended and Restated Unsecured Credit Agreement
    November 11, 2019
    KeyBanc Capital Markets Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.
  • UMB Capital Finance Continues to Fund Millions in Senior Debt Capital Needs
    November 11, 2019
    UMB Capital Finance, through Marquette Business Credit, LLC, continues to fund millions in senior debt capital needs with the recent closings of two asset-based credit facilities. These new, secured lines provide further financing resources for Midwest Quality Gloves, Inc. and TJ Hale Company, LLC.
  • Monroe Capital Corporation BDC Announces Third Quarter 2019 Results
    November 11, 2019
    Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the third quarter ended September 30, 2019.
  • Howard Brownstein Named Fellow of American Bar Foundation
    November 10, 2019
    The Brownstein Corporation is pleased to announce that its CEO, Howard Brod Brownstein, has been named a Fellow of the American Bar Foundation. The Fellows of the American Bar Foundation (ABF) comprise a global honorary society of lawyers, judges, law faculty, and legal scholars who have demonstrated outstanding leadership in the profession and service to society.
  • J D Factors Announces Factoring Facilities
    November 10, 2019
  • Stonebriar Closes its Largest Securitization Transaction To Date at $685 Million
    November 10, 2019
    Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, announced that it has closed its sixth commercial equipment asset-backed securitization (“ABS”), SCFET 2019-2, a $685 million ABS issuance with top tranches rated triple A.
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  • LPL Financial Announces Completion of Leverage-Neutral Transaction Amending Senior Secured Credit Facilities and Offering Senior Unsecured Notes
    November 13, 2019
    LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, the “Company”) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has completed the previously announced amendment of its senior secured credit facilities and offering of senior unsecured notes (the “senior notes”).
  • FirstClose Completes a Credit Facility with Pacific Western Bank; Westlake Securities Serves as Advisor
    November 13, 2019
    FirstClose (the "Company"), a leading provider of technology solutions for mortgage lenders nationwide, announced today that it has completed a credit facility with Pacific Western Bank.
  • Locally-Led Bridgewater Bank Announces Equipment Finance Division
    November 13, 2019
    Bridgewater Equipment Finance will provide a variety of financing solutions to commercial clients, including financing for equipment, vehicles, facilities and other purchases needed to fuel business growth.
  • BFS Capital Names Brian Simmons as Chief Operating Officer
    November 13, 2019
    BFS Capital, a leader in small business lending, today announced the appointment of Brian Simmons as Chief Operating Officer. Simmons will join the executive team reporting to the company’s CEO Mark Ruddock.
  • SG Credit Partners Adds Bridge Loan Product to Solve For High Net Worth Liquidity Issues
    November 13, 2019
    SG Credit Partners ("SGCP") now offers an interest only bridge loan product designed to provide a liquidity solution for asset rich, liquidity constrained entrepreneurs when speed and certainty to close are required. We call it the "Personal Financial Statement (PFS) Loan."
  • Change Capital Appoints Scott Bernstein as General Counsel
    November 13, 2019
    Scott brings to his role extensive bankruptcy, reorganization, and commercial litigation experience, representing financial institutions, financial services companies, and secured and unsecured creditors. He will provide counsel and representation to Change Capital in these areas as well all legal matters.
  • Ferrellgas, L.P., Reaches Agreement With Lender Regarding Alleged Defaults
    November 13, 2019
    Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas”) announced today that it reached an agreement with TPG Specialty Lending, Inc., the administrative agent (“TPG”) under its senior secured credit facility regarding alleged events of default that occurred under the credit facility.
  • Middle Market Companies Boosting Tech Upgrades to Drive Growth
    November 13, 2019
    Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll[1] for CIT Group Inc. (NYSE: CIT).
  • Austin Financial Services Provides a $3MM Revolving Credit Facility to a Telecommunications Company
    November 12, 2019
    Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM ABL credit facility to a telecommunications company who specializes in the design, component procurement, installation, and training for specialized IT electronics systems servicing end-user markets in the western U.S.
  • Big Shoulders and Iroquois Industrial Purchase Assets of Tennessee Company
    November 12, 2019
    Big Shoulders Capital and Iroquois Industrial Group have formed a joint venture to purchase the assets of Savannah All American Millwork and Fabrication in Savannah, Tennessee. The purchase will save approximately 100 jobs which may have otherwise have been eliminated.
  • J D Factors Announces Factoring Facilities
    November 12, 2019
  • Fifth Third Business Capital Provides $8 Million to Troy Lee Designs
    November 12, 2019
    Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of an $8,000,000 senior credit facility to Troy Lee Designs, LLC. Based in Corona, California, Troy Lee Designs is a designer and distributor of high-quality helmets, apparel, safety gear and accessories used in the off-road motorcycling and mountain biking industries.
  • Encina Business Credit Provides $15 Million Facility to a Coal Mining Company
    November 12, 2019
    Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan consists of a revolving line of credit secured by trade accounts receivable and inventory.
  • City National Bank Appoints Rick Hariman to Succeed John Beale as Chief Information Officer
    November 11, 2019
    City National Bank, America’s Premier Private and Business Bank®, today announced that Rick Hariman will join the company as executive vice president and chief information officer. Hariman will succeed John Beale, the current chief information officer, who has decided to retire in January after 23 years with City National.
  • RPT Realty Announces Closing of Amended and Restated Unsecured Credit Agreement
    November 11, 2019
    KeyBanc Capital Markets Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.
  • UMB Capital Finance Continues to Fund Millions in Senior Debt Capital Needs
    November 11, 2019
    UMB Capital Finance, through Marquette Business Credit, LLC, continues to fund millions in senior debt capital needs with the recent closings of two asset-based credit facilities. These new, secured lines provide further financing resources for Midwest Quality Gloves, Inc. and TJ Hale Company, LLC.
  • Monroe Capital Corporation BDC Announces Third Quarter 2019 Results
    November 11, 2019
    Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the third quarter ended September 30, 2019.
  • Howard Brownstein Named Fellow of American Bar Foundation
    November 10, 2019
    The Brownstein Corporation is pleased to announce that its CEO, Howard Brod Brownstein, has been named a Fellow of the American Bar Foundation. The Fellows of the American Bar Foundation (ABF) comprise a global honorary society of lawyers, judges, law faculty, and legal scholars who have demonstrated outstanding leadership in the profession and service to society.
  • J D Factors Announces Factoring Facilities
    November 10, 2019
  • Stonebriar Closes its Largest Securitization Transaction To Date at $685 Million
    November 10, 2019
    Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, announced that it has closed its sixth commercial equipment asset-backed securitization (“ABS”), SCFET 2019-2, a $685 million ABS issuance with top tranches rated triple A.
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