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Home > Chapters > Canada > News Detail
  • Wells Fargo Capital Finance Provides Funding Facility to Laura Ashley
    September 17, 2019
    Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company (NYSE: WFC), announced today that it has provided an Asset Based Loan (ABL) to Laura Ashley plc (LSE: ALY), the British textile design company.
  • B&G Foods Announces Pricing of Term Loan B Facility
    September 17, 2019
    B&G Foods, Inc. (NYSE:BGS) announced today the pricing of a $450.0 million tranche B term loan facility under B&G Foods’ existing senior secured credit facility. As previously announced, B&G Foods intends to use the proceeds of the new term loans, together with the net proceeds of B&G Foods’ previously announced offering of $550.0 million of 5.25% senior notes due 2027, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility, pay related fees and expenses and for general corporate purposes.
  • Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants
    September 17, 2019
    Ultra Petroleum Corp. ("Ultra Petroleum" or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial maintenance covenants from the Credit Facility.
  • Nicole Rosciano Joins Hilco Global as Vice President, Chief Human Resources Officer
    September 17, 2019
    Jeffrey Hecktman, Founder and CEO of Hilco Global announced today that Nicole Rosciano has joined the holding company as Vice President, Chief Human Resources Officer. Ms. Rosciano started in the newly created position on September 16th.
  • TAB Bank Provides This Bar Saves Lives LLC with a $1.75 Million Revolving Credit Facility
    September 17, 2019
    TAB Bank is pleased to announce it has provided This Bar Saves Lives LLC dba This Saves Lives with a $1.75 million revolving credit facility. The new facility will provide for the company’s ongoing working capital needs.
  • Tradewind Appoints Jose E. Roca as Senior Vice President
    September 17, 2019
    Tradewind today announced that Jose Roca has joined the team as Senior Vice President in the firm’s New York office. Jose will be responsible for expanding the company’s sales base and program offerings.
  • Axiom Bank, N.A. Hires Lisa Johanning As of VP, Consumer Loan Program Manager
    September 17, 2019
    Axiom Bank N.A., a Maitland-based, leading community bank, recently welcomed Lisa Johanning as VP, Consumer Loan Program Manager. In this role, Johanning will oversee the development and introduction of new credit lines for retail customers.
  • TD Bank Provides Growth Capital to Betteridge Jewelers Group
    September 17, 2019
    TD Bank, America's Most Convenient Bank®, announced it acted as sole lead arranger on the funding of a $20 million revolving line of credit for Betteridge Jewelers Group. The company will use the proceeds to refinance an existing revolver and for additional growth capital.
  • Sallyport Commercial Finance Delivers Finance Solution to Canadian Logistic Company
    September 16, 2019
    Sallyport Commercial Finance supplies a $1,000,000 accounts receivable facility and small cash flow loan to a company that provides customized delivery solutions for retail companies.
  • Crescent European Specialty Lending Announces Unitranche Financing & Equity Co-Investment for Acquisition of SRL Traffic Systems by LDC
    September 16, 2019
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing and an equity co-investment to support the acquisition of SRL Traffic Systems (“SRL”) by LDC, the U.K.-based private equity arm of Lloyds Banking Group. Terms of the financing were not disclosed.
  • Purdue Pharma, Accused Of Fueling Opioid Crisis, Files For Chapter 11
    September 16, 2019
    Purdue Pharma, the maker of OxyContin, filed for Chapter 11 bankruptcy protection Sunday night, just days after striking a settlement with more than 2,000 local governments over its alleged role in creating and sustaining the deadly opioid crisis.
  • First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Growth
    September 16, 2019
    Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $7,500,000 revolving line of credit facility for a distributor of ceiling fans and lighting in Tennessee.
  • Corporate and Investment Management Lawyer Matthew Bromberg Joins Dorsey in New York
    September 16, 2019
    International law firm Dorsey & Whitney LLP is pleased to announce that Matthew (Matt) Bromberg has joined the Firm as a Partner in the Corporate Group in its New York office.
  • Jon Donnel Joins B. Riley's Great American Group as Managing Director, Oilfield Services
    September 16, 2019
    B. Riley Financial, Inc. (NASDAQ:RILY), a diversified financial services company, today announced that Jon Donnel has joined its Great American Group Advisory and Valuation Services, LLC subsidiary (“Great American”) as Managing Director of Oilfield Services based in Houston, Texas.
  • Maverix Metals to Increase Credit Facility to US$120 Million
    September 16, 2019
    Maverix Metals Inc. (the "Company" or "Maverix") (NYSE American: MMX, TSX: MMX) is pleased to announce that it has secured commitments to upsize its revolving credit facility to borrow up to US$120 million (the "Increased Facility").
  • McGuireWoods Bolsters Global Finance Practice With Partners Lee Cullinane and Marc Naidoo
    September 16, 2019
    McGuireWoods is expanding its formidable global banking and finance capabilities with the arrival of London partners Lee Cullinane, who will lead the firm’s Europe, Middle East and Africa (EMEA) finance group, and Marc Naidoo. Cullinane and Naidoo bring significant experience representing leading banks and other clients in cross-border and emerging markets transactions. They join McGuireWoods London from White & Case, where Cullinane formerly led the EMEA bank finance group.
  • Amerisource Closes $500,000 Credit Facility for Fabrication Company
    September 16, 2019
    Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a custom equipment fabrication company based in Texas. Proceeds of the facility are being used to support their working capital growth.
  • North Mill Capital Announces Asset Based Revolving Line of Credit and aEquipment Term Loan Facility
    September 16, 2019
    North Mill Capital is pleased to announce the funding of a $7,000,000 asset-based revolving line of credit and a $1,575,000 equipment term loan facility to Aerospace Manufacturing Group, Inc.
  • Hana Financial Completes $56 Million SBA Securitization
    September 16, 2019
    Hana Financial, Inc., one of the nation’s leading non-bank specialty commercial lenders, today announced that its SBA lending subsidiary, Hana Small Business Lending, Inc. has completed the issuance and sale of $56.2 million of asset-backed notes secured by the unguaranteed portion of a pool of loans originated pursuant to the U.S. Small Business Administration’s SBA 7(a) 504 loan program.
  • Versant Funding Announces a new $1.1MM Factoring Facility
    September 16, 2019
    The new client is in the medical technology industry, creating software solutions to improve health care.
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  • Wells Fargo Capital Finance Provides Funding Facility to Laura Ashley
    September 17, 2019
    Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company (NYSE: WFC), announced today that it has provided an Asset Based Loan (ABL) to Laura Ashley plc (LSE: ALY), the British textile design company.
  • B&G Foods Announces Pricing of Term Loan B Facility
    September 17, 2019
    B&G Foods, Inc. (NYSE:BGS) announced today the pricing of a $450.0 million tranche B term loan facility under B&G Foods’ existing senior secured credit facility. As previously announced, B&G Foods intends to use the proceeds of the new term loans, together with the net proceeds of B&G Foods’ previously announced offering of $550.0 million of 5.25% senior notes due 2027, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility, pay related fees and expenses and for general corporate purposes.
  • Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants
    September 17, 2019
    Ultra Petroleum Corp. ("Ultra Petroleum" or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial maintenance covenants from the Credit Facility.
  • Nicole Rosciano Joins Hilco Global as Vice President, Chief Human Resources Officer
    September 17, 2019
    Jeffrey Hecktman, Founder and CEO of Hilco Global announced today that Nicole Rosciano has joined the holding company as Vice President, Chief Human Resources Officer. Ms. Rosciano started in the newly created position on September 16th.
  • TAB Bank Provides This Bar Saves Lives LLC with a $1.75 Million Revolving Credit Facility
    September 17, 2019
    TAB Bank is pleased to announce it has provided This Bar Saves Lives LLC dba This Saves Lives with a $1.75 million revolving credit facility. The new facility will provide for the company’s ongoing working capital needs.
  • Tradewind Appoints Jose E. Roca as Senior Vice President
    September 17, 2019
    Tradewind today announced that Jose Roca has joined the team as Senior Vice President in the firm’s New York office. Jose will be responsible for expanding the company’s sales base and program offerings.
  • Axiom Bank, N.A. Hires Lisa Johanning As of VP, Consumer Loan Program Manager
    September 17, 2019
    Axiom Bank N.A., a Maitland-based, leading community bank, recently welcomed Lisa Johanning as VP, Consumer Loan Program Manager. In this role, Johanning will oversee the development and introduction of new credit lines for retail customers.
  • TD Bank Provides Growth Capital to Betteridge Jewelers Group
    September 17, 2019
    TD Bank, America's Most Convenient Bank®, announced it acted as sole lead arranger on the funding of a $20 million revolving line of credit for Betteridge Jewelers Group. The company will use the proceeds to refinance an existing revolver and for additional growth capital.
  • Sallyport Commercial Finance Delivers Finance Solution to Canadian Logistic Company
    September 16, 2019
    Sallyport Commercial Finance supplies a $1,000,000 accounts receivable facility and small cash flow loan to a company that provides customized delivery solutions for retail companies.
  • Crescent European Specialty Lending Announces Unitranche Financing & Equity Co-Investment for Acquisition of SRL Traffic Systems by LDC
    September 16, 2019
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing and an equity co-investment to support the acquisition of SRL Traffic Systems (“SRL”) by LDC, the U.K.-based private equity arm of Lloyds Banking Group. Terms of the financing were not disclosed.
  • Purdue Pharma, Accused Of Fueling Opioid Crisis, Files For Chapter 11
    September 16, 2019
    Purdue Pharma, the maker of OxyContin, filed for Chapter 11 bankruptcy protection Sunday night, just days after striking a settlement with more than 2,000 local governments over its alleged role in creating and sustaining the deadly opioid crisis.
  • First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Growth
    September 16, 2019
    Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $7,500,000 revolving line of credit facility for a distributor of ceiling fans and lighting in Tennessee.
  • Corporate and Investment Management Lawyer Matthew Bromberg Joins Dorsey in New York
    September 16, 2019
    International law firm Dorsey & Whitney LLP is pleased to announce that Matthew (Matt) Bromberg has joined the Firm as a Partner in the Corporate Group in its New York office.
  • Jon Donnel Joins B. Riley's Great American Group as Managing Director, Oilfield Services
    September 16, 2019
    B. Riley Financial, Inc. (NASDAQ:RILY), a diversified financial services company, today announced that Jon Donnel has joined its Great American Group Advisory and Valuation Services, LLC subsidiary (“Great American”) as Managing Director of Oilfield Services based in Houston, Texas.
  • Maverix Metals to Increase Credit Facility to US$120 Million
    September 16, 2019
    Maverix Metals Inc. (the "Company" or "Maverix") (NYSE American: MMX, TSX: MMX) is pleased to announce that it has secured commitments to upsize its revolving credit facility to borrow up to US$120 million (the "Increased Facility").
  • McGuireWoods Bolsters Global Finance Practice With Partners Lee Cullinane and Marc Naidoo
    September 16, 2019
    McGuireWoods is expanding its formidable global banking and finance capabilities with the arrival of London partners Lee Cullinane, who will lead the firm’s Europe, Middle East and Africa (EMEA) finance group, and Marc Naidoo. Cullinane and Naidoo bring significant experience representing leading banks and other clients in cross-border and emerging markets transactions. They join McGuireWoods London from White & Case, where Cullinane formerly led the EMEA bank finance group.
  • Amerisource Closes $500,000 Credit Facility for Fabrication Company
    September 16, 2019
    Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a custom equipment fabrication company based in Texas. Proceeds of the facility are being used to support their working capital growth.
  • North Mill Capital Announces Asset Based Revolving Line of Credit and aEquipment Term Loan Facility
    September 16, 2019
    North Mill Capital is pleased to announce the funding of a $7,000,000 asset-based revolving line of credit and a $1,575,000 equipment term loan facility to Aerospace Manufacturing Group, Inc.
  • Hana Financial Completes $56 Million SBA Securitization
    September 16, 2019
    Hana Financial, Inc., one of the nation’s leading non-bank specialty commercial lenders, today announced that its SBA lending subsidiary, Hana Small Business Lending, Inc. has completed the issuance and sale of $56.2 million of asset-backed notes secured by the unguaranteed portion of a pool of loans originated pursuant to the U.S. Small Business Administration’s SBA 7(a) 504 loan program.
  • Versant Funding Announces a new $1.1MM Factoring Facility
    September 16, 2019
    The new client is in the medical technology industry, creating software solutions to improve health care.
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