• S&W Seed Company to Acquire Australian-Based Pasture Genetics
    February 19, 2020
    The overall transaction is valued at up to USD $13.5 million (AUD $20.0 million). Initial consideration of USD $8.1 million (AUD $12.0 million) consists of an upfront cash payment of approximately USD $0.7 million (AUD $1.0 million) and a working capital debt refinancing in the amount of approximately USD $7.4 million (AUD $11.0 million), through a new Pasture Genetics working capital debt facility guaranteed by S&W's Australian subsidiary.
  • LendingClub Announces Acquisition Of Radius Bank
    February 19, 2020
    J.P. Morgan Securities LLC served as exclusive financial advisor to LendingClub in connection with the transaction and Sullivan and Cromwell LLP served as its legal counsel. Additionally, Broadhaven Capital Partners and Piper Sandler served as financial advisors to Radius Bancorp and Hogan Lovells US LLP served as its legal counsel in connection with the transaction.
  • BlackArch Partners Announces Hiring of Will Pittman as Managing Director
    February 19, 2020
    BlackArch Partners, a leading middle-market investment bank, is pleased to announce that Will Pittman has joined the firm as Managing Director and Co-head of BlackArch's Consumer & Retail Group.
  • BOK Financial Bolsters Syndications Desk With Strategic New Hire
    February 19, 2020
    BOK Financial (BOKF), has added industry-veteran Evans Swann as the managing director of Loan Syndications for BOK Financial. Swann strengthens the firm’s growing syndications activities by adding tremendous experience in both Corporate Banking and Energy Banking
  • Trinity Capital Increases Its Capital Resources with a $300 Million Credit Facility to Support Continued Investment in Portfolio Growth
    February 19, 2020
    Trinity Capital Inc. (“Trinity” or the “Company”), a leading specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that effective January 16, 2020, it became a party to a $300.0 million credit facility (the “Credit Facility”) with affiliates of Credit Suisse AG.
  • Albright Capital Extends Credit Facility for Innovattel; Positions Portfolio Company to Expand Wireless Infrastructure Leadership in LatAm
    February 19, 2020
    Albright Capital Management, LP (“Albright Capital”) and Innovattel LLC (“Innovattel”) announced today that they have extended the credit facility provided by Albright Capital to Innovattel’s Argentine subsidiary, Torresec SA (“Torresec”) and agreed to the terms of a new capital commitment. Newly committed funds will be used to expand Torresec’s digital infrastructure assets in Argentina.
  • Monticello Provides $38M for Retirement Community in New Jersey
    February 19, 2020
    Monticello and its affiliates have provided $38 million in first lien debt financing for the acquisition of one rental-model retirement community in New Jersey. The community features 226 independent living units, 113 assisted living and memory care beds and 60 skilled nursing beds.
  • Pacific Western Bank Announces Credit Facility to Cradle Genomics
    February 19, 2020
    Pacific Western Bank today announced it has provided a $6 million credit facility to new client, Cradle Genomics, creator of non-invasive prenatal testing solutions to be offered at the earliest stages of pregnancy. The company will utilize the facility to support its rapidly expanding team and accelerate the development of proprietary technology enabling comprehensive and safe prenatal tests to be delivered as early as five weeks into a pregnancy.
  • Siena Lending Group LLC Surpasses $1.0 Billion In Closed Credit Facilities
    February 19, 2020
    Siena Lending Group LLC (“Siena”) announces it has surpassed $1.0 billion in closed credit facilities with the completion of a $25.0 million asset-based revolving credit facility for an integrated packaging company headquartered in California.
  • Blank Rome Welcomes Corporate Partner Masha Trainor in Pittsburgh
    February 18, 2020
    Trainor is the sixth attorney to join the Firm’s national Corporate, M&A, and Securities group in 2020. Masha focuses her practice on international and domestic mergers and acquisitions, corporate governance matters, joint ventures, private debt and equity financings, commercial transactions, and contract management, as well as venture capital and private equity transactions
  • BankFinancial NA Announces Expansion of BankFinancial Commercial Real Estate Capital Markets
    February 18, 2020
    BankFinancial NA (“the Bank”), the national banking association subsidiary of BankFinancial Corporation (Nasdaq - BFIN) announced today the expansion of BankFinancial Commercial Real Estate Capital Markets.
  • Scaling Corporate Sustainability: Innovations In Sustainability-Linked Loans At Brookfield Renewable Partners, International Seaways, WSP Global, And Neuberger Berman
    February 18, 2020
    2020 has been busy for North American sustainability-linked loans with many firsts. Following previous sustainability-linked loan developments in Europe, US volume more than quadrupled to $18bn in 2019 from $4 billion in 2018 while global volume nearly tripled to $113 billion from $48 billion.
  • CIT Leads Financings Totaling $93.7 Million for Healthcare Venture
    February 18, 2020
    CIT Group Inc. (NYSE: CIT) announced that its Healthcare Finance unit served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington between New Generation Health LLC (New Gen) and affiliates of Genesis Healthcare Inc. (Genesis).
  • Tenneco Amends Credit Agreement to Provide Increased Flexibility
    February 18, 2020
    Tenneco Inc. (NYSE: TEN) today announced that it has reached an agreement with its senior lenders to amend the leverage covenant ratio of its senior credit facility, which increases the Company's maximum net leverage ratio to 4.50 through the first quarter of 2021. Moving forward, the covenant decreases gradually until 3.50 is reached by the fourth quarter of 2022.
  • Triumph Business Capital Names Erik Bahr EVP of Sales
    February 18, 2020
    Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small- and medium-sized businesses, announced today the hiring of Erik T. Bahr as executive vice president of sales. He will report to Geoff Brenner, chief executive officer.
  • Grant Thornton Names David Platt to East Region Leadership Role; Expands Regional Role for Nichole Jordan
    February 18, 2020
    Grant Thornton LLP has named David Platt as its regional managing partner for the firm’s East region. In the role, Platt will oversee a consolidated geographic area covering the firm’s East Coast operations. In addition, Grant Thornton has expanded Nichole Jordan’s role as its regional managing partner for the firm’s Central region – adding the Midwest geographic area to a portfolio that previously consisted of Kansas, Missouri, Nebraska, Oklahoma and Texas.
  • Antares Supports Sentinel Capital Partners’ Acquisition of ECM Industries
    February 18, 2020
    Antares announced that it served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support Sentinel Capital Partners’ acquisition of ECM Industries. Headquartered in New Berlin, WI, ECM Industries is a global manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply and gas utility markets.
  • Golub Capital Agents $1.6 Billion One-Loan Debt Facility to Support a Strategic Investment by Harvest Partners in MRI Software, a Portfolio Company of TA Associates and GI Partners
    February 18, 2020
    Golub Capital acted as the Administrative Agent, Left Lead Arranger and Joint Bookrunner on a $1.6 billion GOLD facility to finance a substantial strategic investment in MRI Software by funds managed by Harvest Partners, LP and refinance existing indebtedness. GOLD facilities are Golub Capital One-Loan Debt facilities.
  • FDIC Approval Moves Varo to Final Stage of Bank Charter Journey
    February 18, 2020
    Landmark approval signifies pivotal moment for banking industry, formalizing mobile-first brand's massive role in providing consumers greater choice and leading digital experiences
  • The Boy Scouts of America Files for Chapter 11 Bankruptcy
    February 18, 2020
    The Boy Scouts of America (BSA) today announced that the national organization has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue carrying out its mission for years to come. The BSA intends to use the Chapter 11 process to create a Victims Compensation Trust that would provide equitable compensation to victims.
  • S&W Seed Company to Acquire Australian-Based Pasture Genetics
    February 19, 2020
    The overall transaction is valued at up to USD $13.5 million (AUD $20.0 million). Initial consideration of USD $8.1 million (AUD $12.0 million) consists of an upfront cash payment of approximately USD $0.7 million (AUD $1.0 million) and a working capital debt refinancing in the amount of approximately USD $7.4 million (AUD $11.0 million), through a new Pasture Genetics working capital debt facility guaranteed by S&W's Australian subsidiary.
  • LendingClub Announces Acquisition Of Radius Bank
    February 19, 2020
    J.P. Morgan Securities LLC served as exclusive financial advisor to LendingClub in connection with the transaction and Sullivan and Cromwell LLP served as its legal counsel. Additionally, Broadhaven Capital Partners and Piper Sandler served as financial advisors to Radius Bancorp and Hogan Lovells US LLP served as its legal counsel in connection with the transaction.
  • BlackArch Partners Announces Hiring of Will Pittman as Managing Director
    February 19, 2020
    BlackArch Partners, a leading middle-market investment bank, is pleased to announce that Will Pittman has joined the firm as Managing Director and Co-head of BlackArch's Consumer & Retail Group.
  • BOK Financial Bolsters Syndications Desk With Strategic New Hire
    February 19, 2020
    BOK Financial (BOKF), has added industry-veteran Evans Swann as the managing director of Loan Syndications for BOK Financial. Swann strengthens the firm’s growing syndications activities by adding tremendous experience in both Corporate Banking and Energy Banking
  • Trinity Capital Increases Its Capital Resources with a $300 Million Credit Facility to Support Continued Investment in Portfolio Growth
    February 19, 2020
    Trinity Capital Inc. (“Trinity” or the “Company”), a leading specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that effective January 16, 2020, it became a party to a $300.0 million credit facility (the “Credit Facility”) with affiliates of Credit Suisse AG.
  • Albright Capital Extends Credit Facility for Innovattel; Positions Portfolio Company to Expand Wireless Infrastructure Leadership in LatAm
    February 19, 2020
    Albright Capital Management, LP (“Albright Capital”) and Innovattel LLC (“Innovattel”) announced today that they have extended the credit facility provided by Albright Capital to Innovattel’s Argentine subsidiary, Torresec SA (“Torresec”) and agreed to the terms of a new capital commitment. Newly committed funds will be used to expand Torresec’s digital infrastructure assets in Argentina.
  • Monticello Provides $38M for Retirement Community in New Jersey
    February 19, 2020
    Monticello and its affiliates have provided $38 million in first lien debt financing for the acquisition of one rental-model retirement community in New Jersey. The community features 226 independent living units, 113 assisted living and memory care beds and 60 skilled nursing beds.
  • Pacific Western Bank Announces Credit Facility to Cradle Genomics
    February 19, 2020
    Pacific Western Bank today announced it has provided a $6 million credit facility to new client, Cradle Genomics, creator of non-invasive prenatal testing solutions to be offered at the earliest stages of pregnancy. The company will utilize the facility to support its rapidly expanding team and accelerate the development of proprietary technology enabling comprehensive and safe prenatal tests to be delivered as early as five weeks into a pregnancy.
  • Siena Lending Group LLC Surpasses $1.0 Billion In Closed Credit Facilities
    February 19, 2020
    Siena Lending Group LLC (“Siena”) announces it has surpassed $1.0 billion in closed credit facilities with the completion of a $25.0 million asset-based revolving credit facility for an integrated packaging company headquartered in California.
  • Blank Rome Welcomes Corporate Partner Masha Trainor in Pittsburgh
    February 18, 2020
    Trainor is the sixth attorney to join the Firm’s national Corporate, M&A, and Securities group in 2020. Masha focuses her practice on international and domestic mergers and acquisitions, corporate governance matters, joint ventures, private debt and equity financings, commercial transactions, and contract management, as well as venture capital and private equity transactions
  • BankFinancial NA Announces Expansion of BankFinancial Commercial Real Estate Capital Markets
    February 18, 2020
    BankFinancial NA (“the Bank”), the national banking association subsidiary of BankFinancial Corporation (Nasdaq - BFIN) announced today the expansion of BankFinancial Commercial Real Estate Capital Markets.
  • Scaling Corporate Sustainability: Innovations In Sustainability-Linked Loans At Brookfield Renewable Partners, International Seaways, WSP Global, And Neuberger Berman
    February 18, 2020
    2020 has been busy for North American sustainability-linked loans with many firsts. Following previous sustainability-linked loan developments in Europe, US volume more than quadrupled to $18bn in 2019 from $4 billion in 2018 while global volume nearly tripled to $113 billion from $48 billion.
  • CIT Leads Financings Totaling $93.7 Million for Healthcare Venture
    February 18, 2020
    CIT Group Inc. (NYSE: CIT) announced that its Healthcare Finance unit served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington between New Generation Health LLC (New Gen) and affiliates of Genesis Healthcare Inc. (Genesis).
  • Tenneco Amends Credit Agreement to Provide Increased Flexibility
    February 18, 2020
    Tenneco Inc. (NYSE: TEN) today announced that it has reached an agreement with its senior lenders to amend the leverage covenant ratio of its senior credit facility, which increases the Company's maximum net leverage ratio to 4.50 through the first quarter of 2021. Moving forward, the covenant decreases gradually until 3.50 is reached by the fourth quarter of 2022.
  • Triumph Business Capital Names Erik Bahr EVP of Sales
    February 18, 2020
    Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small- and medium-sized businesses, announced today the hiring of Erik T. Bahr as executive vice president of sales. He will report to Geoff Brenner, chief executive officer.
  • Grant Thornton Names David Platt to East Region Leadership Role; Expands Regional Role for Nichole Jordan
    February 18, 2020
    Grant Thornton LLP has named David Platt as its regional managing partner for the firm’s East region. In the role, Platt will oversee a consolidated geographic area covering the firm’s East Coast operations. In addition, Grant Thornton has expanded Nichole Jordan’s role as its regional managing partner for the firm’s Central region – adding the Midwest geographic area to a portfolio that previously consisted of Kansas, Missouri, Nebraska, Oklahoma and Texas.
  • Antares Supports Sentinel Capital Partners’ Acquisition of ECM Industries
    February 18, 2020
    Antares announced that it served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support Sentinel Capital Partners’ acquisition of ECM Industries. Headquartered in New Berlin, WI, ECM Industries is a global manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply and gas utility markets.
  • Golub Capital Agents $1.6 Billion One-Loan Debt Facility to Support a Strategic Investment by Harvest Partners in MRI Software, a Portfolio Company of TA Associates and GI Partners
    February 18, 2020
    Golub Capital acted as the Administrative Agent, Left Lead Arranger and Joint Bookrunner on a $1.6 billion GOLD facility to finance a substantial strategic investment in MRI Software by funds managed by Harvest Partners, LP and refinance existing indebtedness. GOLD facilities are Golub Capital One-Loan Debt facilities.
  • FDIC Approval Moves Varo to Final Stage of Bank Charter Journey
    February 18, 2020
    Landmark approval signifies pivotal moment for banking industry, formalizing mobile-first brand's massive role in providing consumers greater choice and leading digital experiences
  • The Boy Scouts of America Files for Chapter 11 Bankruptcy
    February 18, 2020
    The Boy Scouts of America (BSA) today announced that the national organization has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue carrying out its mission for years to come. The BSA intends to use the Chapter 11 process to create a Victims Compensation Trust that would provide equitable compensation to victims.
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