The Equipment Leasing and Finance Association recently announced its new board of directors and officers at its 58th annual convention on October 29. An active member of ELFA, this is Rutherford’s first time serving on the Board of Directors, where he will serve one three-year term on a staggered basis.

Wells Fargo Securities, LLC and RBC Capital Markets acted as Joint Lead Arrangers for the syndication of the New Credit Facility and Wells Fargo Bank, National Association is acting as Administrative Agent.

The Maurice A. Deane School of Law at Hofstra University has named Brian Primm as the recipient of the 2019-2020 Moritt Hock & Hamroff Business Law Honors Fellowship. The Fellowship is awarded to an incoming law student who has demonstrated outstanding academic achievements and an interest in pursuing a career in business law.

Leading global professional services firm Alvarez & Marsal (A&M) has expanded its Public Sector Services practice with the addition of Michael Carrasco as Managing Director in Houston, and Jay Nagy as Senior Director in New York. Their appointments demonstrate A&M’s strong commitment to assist local, state and federal agencies and their private sector partners cope with increasing costs and enhance services for their constituents and stakeholders.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ), announced today that Jonathan Dale has been named regional director of commercial & corporate banking to support the growth needs of enterprising businesses across Portland Metro, Eastern Washington and Idaho. Dale's addition comes as Umpqua continues to prioritize supporting middle market companies in the region.

Wilmington Trust, part of the M&T Bank Family and a leader in corporate and institutional services, announced the expansion of its Loan Agency Services business, bringing on Medita Vucic as Head of U.S. Agency Loan Services and Antony Girling as Senior Relationship Manager in London. Vucic reports to Tim Mowdy, the firm's Capital Markets Agency Services Leader in the U.S., while, Girling reports to Elaine Lockhart, European Product Leader for Loan Agency Services.

CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided an acquisition and refinancing term loan and revolving line of credit to 3G Equity Inc. for its 10-hotel portfolio.

J.P. Morgan Securities plc, Merrill Lynch International, MUFG Securities EMEA plc and Wells Fargo Securities International Limited are joint book-running managers for the Senior Notes offering.

Previously funded by another factor, the company contacted BFS looking for better customer service and lower rates. With BFS’ factoring facility, the client was able to retain a significant contract and fund their day to day operations as the business grows.

Houlihan Lokey is pleased to announce that David Wagner has joined the firm as a Senior Advisor for the Portfolio Valuation and Fund Advisory Services practice. Mr. Wagner will lead the firm’s newly established LIBOR Transition Advisory Services practice to assist clients on the multitude of issues arising from the impending cessation of the London Interbank Offered Rate (LIBOR) and other interbank offered rates (IBORs), as well as their replacements.

Great American Group Advisory and Valuation Services, LLC (“Great American”), a B. Riley Financial company, today announced that David Seiden has assumed the role of Managing Director responsible for overseeing the firm’s appraisal, valuation and lending client relationships across the Southeast and Southwest regions of the United States.

Hilco Corporate Finance has issued a timely and relevant perspective on the highly competitive environment surrounding the current global M&A market, as sellers are firmly in control and transactions are being valued and, ultimately, bid-up to excessive multiples.

84 Lumber Company, the nation's leading privately-held building materials supplier, announced it has entered into a new 7-year $310 million Senior Secured Term Loan B Facility and 5-year $400 million Asset Based Revolving Credit Facility. The proceeds will be used to refinance the $307.5 million outstanding Term Loan B and $400 million ABL Revolver. In addition to extending the maturities, the Term Loan B reduced pricing by 100 basis points to LIBOR plus 425 basis points. As a result of the refinancing, the company now has no debt maturities prior to 2024. Wells Fargo Securities and PNC Capital Markets served as Joint Lead Arrangers and Bookrunners on the transaction.

Avcorp Industries Inc. (TSX: AVP) (the "Corporation" or "Avcorp" or the "Avcorp Group") is pleased to announce that it has entered into agreements to extend the term and increase certain credit facilities with its current lender. The credit facilities are supported by a major and material customer of the Company by way of guarantee.

Societe Generale, MUFG Bank Ltd, Natixis, New York Branch, ABN Amro Capital USA LLC and ING Capital LLC were Joint-Lead Arrangers for the Facility. Societe Generale acted as sole coordinator, Facility Agent and Collateral Agent while MUFG Bank Ltd, Natixis, New York Branch, ABN Amro Capital USA LLC and ING Capital LLC acted as Co-Syndication Agents. Credit Agricole Corporate and Investment Bank, Cooperatieve Rabobank U.A., New York Branch and Mizuho Bank, Ltd. joined the Facility as Co-Documentation Agents and a further ten banks participated at various commitment levels.

Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce that Daniel J. Bolger has joined its Commercial Lending Division as Senior Vice President, Asset Based Lending. Dan has spent his entire career in banking focused on Asset Based Lending (ABL) transactions with increasing responsibility.

Bumble Bee Foods, one of North America’s largest branded shelf-stable seafood companies, announced today that it has entered into an asset purchase agreement with affiliates of FCF Co., Ltd., which has agreed to acquire the company’s assets for approximately $925 million.

Northern Oil and Gas, Inc. today announced the results of its previously announced consent solicitation pursuant to which Northern solicited consents from holders of its outstanding 8.50% Senior Secured Second Lien Notes due 2023 to amend the indenture governing the Notes. Northern plans to settle the Consent Solicitation and related transactions and a newly amended and expanded $800 million Senior Secured Revolving Credit Facility.

Crestmark is pleased to announce that John Trendell II has been named a business development officer where he has been serving as underwriting manager since 2014. John is based in Troy, Michigan and will report to James Farrell, senior vice president, sales manager.

Tennessee Bank & Trust, a full-service bank servicing individuals and businesses in middle Tennessee, today announced the additions of Chet Alexander as Chief Credit Officer and Sandi Lanier as Executive Vice President, Operations and Compliance. In these roles, Alexander and Lanier will oversee all credit and lending restructuring and the strategic operations and lending compliance for the bank, respectively.