-
SG Credit Partners Provides $1.5 Million Refinance for SaaS Company
December 3, 2019SG was able to quickly get comfortable with the business due to the contracted recurring revenue, continued equity support, and opening liquidity. SG provided a $1.5MM non-formula, structured senior secured loan.
-
Carl Marks Advisors Promotes Scott Webb to Partner
December 3, 2019Since joining the firm in 2007, Webb has held positions of increasing responsibility and for the last two years has led the firm’s investment banking restructuring vertical alongside Partner Evan Tomaskovic.
-
White Oak Healthcare Finance Closes Senior Credit Facility for Linden-Backed Virtus Pharmaceuticals
December 3, 2019White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent on a senior credit facility for Virtus Pharmaceuticals (“Virtus”), a portfolio company of Linden Capital Partners (“Linden”). Proceeds were used to refinance existing debt and provide liquidity for strategic initiatives and working capital.
-
Finvoice Names SVP, Director of Sales & Marketing in New York
December 3, 2019Jennifer Rabinowitz will be responsible for all aspects of Finvoice’s sales and marketing, leading sales efforts nationwide and overseeing critical marketing initiatives to create and deliver value to the company. She will be based in New York City.
-
Axovant Announces Amendment to Credit Facility with Hercules Capital
December 3, 2019Axovant Gene Therapies Ltd. (AXGT), a clinical-stage company developing innovative gene therapies, today announced the completion of an amendment to its loan and security agreement with Hercules Capital, Inc. (“Hercules”). The amendment provides for a 9-month interest-only period commencing December 2019, as well as the elimination of the covenant to maintain a minimum cash balance.
-
Sandstorm Gold Royalties Amends $225 Million Credit Facility to Include an Accordion Feature to Increase up to $300 Million
December 3, 2019The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2023.
-
Aphria Secures $80M In Financing For Aphria Diamond Growing Facility
December 3, 2019Aphria Inc. (TSX: APHA) (NYSE: APHA) said Monday that its Aphria Diamond growing facility subsidiary obtained an $80-million credit facility Friday with a Canadian chartered bank that will serve as an arranger, book runner and administrative agent on behalf of lenders.
-
CIT Names Director to Technology, Media and Telecommunications Group
December 3, 2019In his new role, Shah will have primary responsibility for expanding the business’s existing coverage network on the West Coast to better serve technology-oriented private-equity firms, venture capital firms and entrepreneurs. His focus will be to drive asset growth, underwriting business and cross-sell financial products and services.
-
Monroe Capital Supports Centre Partners’ Investment in Hispanic Foods Platform
December 3, 2019Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support Centre Partners’ investment in Wisconsin Cheese Group Holding, LLC (“WCG”), a leading manufacturer of branded and private label Hispanic foods, including cheeses, desserts, meats and spices.
-
McDermott to Access $350 Million Tranche B Financing Under Superpriority Senior Secured Credit Facility
December 2, 2019Tranche B provides McDermott with a $250 million Term Loan Facility and a $100 million Letter of Credit Facility. The Company expects to utilize the amounts available under Tranche B to continue financing working capital and support the issuance of required performance guarantees on new projects.
-
Wolters Kluwer Launches Consumer Lending Online Applications Offering for Community Banks, Credit Unions
December 2, 2019Wolters Kluwer’s Compliance Solutions business has launched Online Applications for Consumer Lending (CLA), a digital offering that enhances the online loan origination capabilities of U.S. community banks and credit unions. CLA allows consumers to begin a loan application from any digital device, at any time. It integrates seamlessly with Wolters Kluwer’s ComplianceOne® solution, an industry-leading loan documentation and processing system that helps lenders optimize their lending and document preparation processes in a secure, fast and cost-effective manner.
-
Tokyo Century Announces Acquisition of Allegiant Partners Incorporated
December 2, 2019Tokyo Century (USA) Inc. is pleased to announce that it has acquired 100% of the capital stock of Allegiant Partners Incorporated, an independent specialty finance and leasing company based in Bend, Oregon.
-
TIMIA Increases Investment Capacity with $7.5 Million Credit Facility While Reducing Cost of Capital
December 2, 2019The one-year term includes an additional 3 month extension and supports TIMIA's future investments into growing SaaS companies in North America with the expectation that 50% of funding for such new investments will be funded from the credit facility ("advance rate") and the remaining 50% will be funded from TIMIA's balance sheet.
-
Wintrust Receivables Finance Announces Closing of a New $1.5 Million Line of Credit to Support Growing Trucking Company
December 2, 2019Wintrust Receivables Finance announced today the closing and funding of a $1.5 million credit facility for a trucking company based in Illinois. The company specializes in hauling dry goods, sheet metal, and general freight, while also providing transloading services.
-
Gibraltar Business Capital Welcomes Bruce Mettel as its Newest SVP and Account Executive
December 2, 2019Bruce is a seasoned credit professional with over 25 years of asset-based lending experience in both banks and finance companies. His roles have been diverse, including field exam, underwriting, relationship management and workout positions, giving him the broad expertise needed to serve Gibraltar clients with understanding, innovation and effective solutions to their evolving needs.
-
Moritt Hock & Hamroff Receives National & Regional Tier Practice-Area Rankings in 2020 U.S. News –Best Lawyers® "Best Law Firms' Report"
December 2, 2019U.S. News & World Report and Best Lawyers®, for the tenth consecutive year, has announced the "Best Law Firms" rankings. Moritt Hock & Hamroff has been ranked in the 2020 U.S. News & World Report and Best Lawyers® "Best Law Firms" list nationally in 1 practice area and regionally in 2 practice areas.
-
Celtic Capital Corporation Provides $1.3 Million for California-based Company
December 2, 2019Celtic Capital Corporation today announced its most recent new client relationship – a California-based company that is a job shop – metal and plastics fabrication. This 20-year old business had gotten behind on payroll taxes and with some trade vendors so management approached Celtic Capital for funds to get caught up and to provide additional working capital.
-
SierraConstellation Partners, LLC (SCP) Grows Los Angeles Headquarters with Three New Hires
December 2, 2019SierraConstellation Partners, LLC (SCP), a national interim management and advisory firm to middle-market companies in transition, announced today that it has hired three professionals to join the firm’s Los Angeles headquarters. The new additions reflect SCP’s deep commitment to its team, growth, and focus on being the premier firm serving the middle market.
-
Bladex Co-leads Successful Syndication of a US$130 Million 3-year Senior Term Loan Facility for Banco Aliado, S.A.
December 2, 2019Bladex acted as Joint Lead Arranger and Bookrunner, together with JPMorgan Chase Bank, N.A. ("J.P. Morgan") and Banistmo, S.A. ("Banistmo"), and will act as Administrative Agent under the Facility.
-
Sezzle Secures US$100 Million Debt Funding Facility to Grow Business
December 2, 2019Sezzle Inc (ASX: SZL) has secured a US$100 million debt funding facility with a syndicate of lenders, which is more than triple the size of the company’s prior credit facility of US$30 million.
-
SG Credit Partners Provides $1.5 Million Refinance for SaaS Company
December 3, 2019SG was able to quickly get comfortable with the business due to the contracted recurring revenue, continued equity support, and opening liquidity. SG provided a $1.5MM non-formula, structured senior secured loan.
-
Carl Marks Advisors Promotes Scott Webb to Partner
December 3, 2019Since joining the firm in 2007, Webb has held positions of increasing responsibility and for the last two years has led the firm’s investment banking restructuring vertical alongside Partner Evan Tomaskovic.
-
White Oak Healthcare Finance Closes Senior Credit Facility for Linden-Backed Virtus Pharmaceuticals
December 3, 2019White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent on a senior credit facility for Virtus Pharmaceuticals (“Virtus”), a portfolio company of Linden Capital Partners (“Linden”). Proceeds were used to refinance existing debt and provide liquidity for strategic initiatives and working capital.
-
Finvoice Names SVP, Director of Sales & Marketing in New York
December 3, 2019Jennifer Rabinowitz will be responsible for all aspects of Finvoice’s sales and marketing, leading sales efforts nationwide and overseeing critical marketing initiatives to create and deliver value to the company. She will be based in New York City.
-
Axovant Announces Amendment to Credit Facility with Hercules Capital
December 3, 2019Axovant Gene Therapies Ltd. (AXGT), a clinical-stage company developing innovative gene therapies, today announced the completion of an amendment to its loan and security agreement with Hercules Capital, Inc. (“Hercules”). The amendment provides for a 9-month interest-only period commencing December 2019, as well as the elimination of the covenant to maintain a minimum cash balance.
-
Sandstorm Gold Royalties Amends $225 Million Credit Facility to Include an Accordion Feature to Increase up to $300 Million
December 3, 2019The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2023.
-
Aphria Secures $80M In Financing For Aphria Diamond Growing Facility
December 3, 2019Aphria Inc. (TSX: APHA) (NYSE: APHA) said Monday that its Aphria Diamond growing facility subsidiary obtained an $80-million credit facility Friday with a Canadian chartered bank that will serve as an arranger, book runner and administrative agent on behalf of lenders.
-
CIT Names Director to Technology, Media and Telecommunications Group
December 3, 2019In his new role, Shah will have primary responsibility for expanding the business’s existing coverage network on the West Coast to better serve technology-oriented private-equity firms, venture capital firms and entrepreneurs. His focus will be to drive asset growth, underwriting business and cross-sell financial products and services.
-
Monroe Capital Supports Centre Partners’ Investment in Hispanic Foods Platform
December 3, 2019Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support Centre Partners’ investment in Wisconsin Cheese Group Holding, LLC (“WCG”), a leading manufacturer of branded and private label Hispanic foods, including cheeses, desserts, meats and spices.
-
McDermott to Access $350 Million Tranche B Financing Under Superpriority Senior Secured Credit Facility
December 2, 2019Tranche B provides McDermott with a $250 million Term Loan Facility and a $100 million Letter of Credit Facility. The Company expects to utilize the amounts available under Tranche B to continue financing working capital and support the issuance of required performance guarantees on new projects.
-
Wolters Kluwer Launches Consumer Lending Online Applications Offering for Community Banks, Credit Unions
December 2, 2019Wolters Kluwer’s Compliance Solutions business has launched Online Applications for Consumer Lending (CLA), a digital offering that enhances the online loan origination capabilities of U.S. community banks and credit unions. CLA allows consumers to begin a loan application from any digital device, at any time. It integrates seamlessly with Wolters Kluwer’s ComplianceOne® solution, an industry-leading loan documentation and processing system that helps lenders optimize their lending and document preparation processes in a secure, fast and cost-effective manner.
-
Tokyo Century Announces Acquisition of Allegiant Partners Incorporated
December 2, 2019Tokyo Century (USA) Inc. is pleased to announce that it has acquired 100% of the capital stock of Allegiant Partners Incorporated, an independent specialty finance and leasing company based in Bend, Oregon.
-
TIMIA Increases Investment Capacity with $7.5 Million Credit Facility While Reducing Cost of Capital
December 2, 2019The one-year term includes an additional 3 month extension and supports TIMIA's future investments into growing SaaS companies in North America with the expectation that 50% of funding for such new investments will be funded from the credit facility ("advance rate") and the remaining 50% will be funded from TIMIA's balance sheet.
-
Wintrust Receivables Finance Announces Closing of a New $1.5 Million Line of Credit to Support Growing Trucking Company
December 2, 2019Wintrust Receivables Finance announced today the closing and funding of a $1.5 million credit facility for a trucking company based in Illinois. The company specializes in hauling dry goods, sheet metal, and general freight, while also providing transloading services.
-
Gibraltar Business Capital Welcomes Bruce Mettel as its Newest SVP and Account Executive
December 2, 2019Bruce is a seasoned credit professional with over 25 years of asset-based lending experience in both banks and finance companies. His roles have been diverse, including field exam, underwriting, relationship management and workout positions, giving him the broad expertise needed to serve Gibraltar clients with understanding, innovation and effective solutions to their evolving needs.
-
Moritt Hock & Hamroff Receives National & Regional Tier Practice-Area Rankings in 2020 U.S. News –Best Lawyers® "Best Law Firms' Report"
December 2, 2019U.S. News & World Report and Best Lawyers®, for the tenth consecutive year, has announced the "Best Law Firms" rankings. Moritt Hock & Hamroff has been ranked in the 2020 U.S. News & World Report and Best Lawyers® "Best Law Firms" list nationally in 1 practice area and regionally in 2 practice areas.
-
Celtic Capital Corporation Provides $1.3 Million for California-based Company
December 2, 2019Celtic Capital Corporation today announced its most recent new client relationship – a California-based company that is a job shop – metal and plastics fabrication. This 20-year old business had gotten behind on payroll taxes and with some trade vendors so management approached Celtic Capital for funds to get caught up and to provide additional working capital.
-
SierraConstellation Partners, LLC (SCP) Grows Los Angeles Headquarters with Three New Hires
December 2, 2019SierraConstellation Partners, LLC (SCP), a national interim management and advisory firm to middle-market companies in transition, announced today that it has hired three professionals to join the firm’s Los Angeles headquarters. The new additions reflect SCP’s deep commitment to its team, growth, and focus on being the premier firm serving the middle market.
-
Bladex Co-leads Successful Syndication of a US$130 Million 3-year Senior Term Loan Facility for Banco Aliado, S.A.
December 2, 2019Bladex acted as Joint Lead Arranger and Bookrunner, together with JPMorgan Chase Bank, N.A. ("J.P. Morgan") and Banistmo, S.A. ("Banistmo"), and will act as Administrative Agent under the Facility.
-
Sezzle Secures US$100 Million Debt Funding Facility to Grow Business
December 2, 2019Sezzle Inc (ASX: SZL) has secured a US$100 million debt funding facility with a syndicate of lenders, which is more than triple the size of the company’s prior credit facility of US$30 million.
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