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Utica Leaseco, LLC Announces $750,000 Transaction
November 18, 2019Utica Leaseco, LLC provided a $750,000 true lease secured by Machinery and Equipment to a medical company located in California. Utica provided the working capital for this company for new purchases.
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Keith Herron Retiring From Regions Bank After 31-year Career
November 18, 2019Following a distinguished career spanning more than 30 years, Regions Bank announced today that Keith Herron, Senior Executive Vice President, Head of Corporate Responsibility and Community Engagement, will retire from Regions.
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Pioneer Bank Hires KeyBank Executive for Commercial Lending
November 18, 2019Pioneer Bank says it has hired former KeyBank executive Rob Nichols as senior vice president of commercial development. Nichols is known for his expertise in startup funding and comes to Pioneer Bank at a time when it is dealing with the collapse one of its major customers, the cloud-based payroll firm MyPayrollHR.
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Briar Capital Real Estate Fund announces a $4.785MM real estate loan to a Fashion Products Wholesaler
November 18, 2019Briar Capital Real Estate Fund ("BCREF") (www.BriarCapital.com) is pleased to announce it has provided a $4.785MM real estate term loan to a Fashion Products Wholesaler located in Tampa, FL. The loan is secured by the company's owner-occupied office/warehouse facility.
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Cogent Bank Specialty Lending Team Closes Over $45 Million in New Transactions
November 15, 2019Michael Skat, Managing Director for Cogent Bank’s Specialty Lending Group stated, “We are off to a great start building this unique product line in a community banking environment. Our thoughtful approach in assembling an experienced, client focused team combined with innovative technology helps our customers manage their business more efficiently and effectively. The creation of the Specialty Lending Group is a testimony to the progressive mindset of our Executive Management Team and our Board of Directors.”
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Holland & Hart Enhances Real Estate Development and Finance Practice with Terry Gorrell, Ned Giles, and Kevin Giles
November 15, 2019Holland & Hart announced the addition of partner Terry Gorrell, of counsel Ned Giles, and associate Kevin Giles, deepening Holland & Hart’s multifaceted real estate development and finance practice. Gorrell and Ned Giles join the firm’s Denver office, while Kevin Giles joins the Aspen office.
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Survey Produced by Chubb and the National Center for the Middle Market Finds Growth Rate Slowing and Perception of Risk Escalating among Middle Market Companies
November 15, 2019Chubb and the National Center for the Middle Market (NCMM) – housed at The Ohio State University Fisher College of Business – have published a summary of findings from the most recent Middle Market Indicator (MMI), which underscores a slowing growth rate and a perception of escalating risk among middle market companies. Issued quarterly, the MMI explores current and emerging macro trends along with business risks across the middle market, measuring past and predicted revenue growth, employment growth, economic confidence levels and business investment.
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AEC Provides a $2,500,000 Finance Facility for Acquisition and Working Capital Needs of Indiana-based Sheet Metal Fabricator
November 15, 2019Advanced Energy Capital provided the funding for Alpine 4 Technologies, Ltd. (Alpine) to close on their latest acquisition of Deluxe Sheet Metal Inc. Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations.
-
CareerFlex, an Innovative Tech-Enabled Outplacement Service Launches Today
November 15, 2019The new cloud-based platform is specifically designed to offset traditional outplacement hurdles. Convenient, comprehensive, and cost effective, our technology prepares your displaced team members for their next chapter while helping you get the most out of your closing event.
-
Sandy Walia to Lead Branch Banking in Northern California and the Pacific Northwest
November 15, 2019Union Bank named Sandy Walia as Regional President for Northern California and the Pacific Northwest Branch Banking division. Walia will oversee a network of 111 branches and nearly 600 employees in the region. In addition, she will continue to serve as Managing Director and Head of Client Services for PurePoint Financial, which is a division of MUFG Union Bank.
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SSG Advises Clarus Linen Systems in the Sale of its Assets and Operations to Multiple Buyers
November 15, 2019SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Centerstone Linen Services, LLC d/b/a Clarus Linen Systems ("Clarus" or the "Company") in the sale of its assets and multiple operations to Crown Health Care Laundry Services ("Crown"), PureStar Linen Group, LLC ("PureStar"), and Clean Textile Systems, LP d/b/a CleanCare ("CleanCare"). The sales were effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of New York.
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Allen Parker to Leave Wells Fargo to Pursue Other Business Opportunities
November 15, 2019Wells Fargo & Company today announced that General Counsel C. Allen Parker has made the decision to leave the company effective March 31, 2020, to pursue other business opportunities. Parker joined Wells Fargo as General Counsel in March 2017, served as interim CEO and President from March 2019 to October 2019, and then returned to the General Counsel role.
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CIBC Innovation Banking Backs Madwire® with US$16 Million of New Financing
November 15, 2019CIBC Innovation Banking is pleased to announce two separate transactions totaling US$16 million for Madwire®, LLC, a Fort Collins, Colorado-based technology company which provides software and services to meet the business management and marketing needs for small-to-medium sized businesses (SMBs).
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Abraxas Announces Debt Refinancing and New Borrowing Base, Ample Liquidity and Enhanced Balance Sheet Stability
November 15, 2019Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced it has entered into a $100 million Senior Secured Second Lien Term Loan Facility (“Second Loan Facility”) with Angelo Gordon Energy Servicer, LLC. Net proceeds from the financing are estimated to be approximately $95 million, all of which was used to pay down the Company’s revolving credit facility.
-
Michael Schechter Joins Ares Management Corporation as Head of Credit Trading
November 15, 2019Ares Management Corporation (NYSE: ARES) announced today that Michael Schechter has joined the firm as Partner and Head of Credit Trading. Based in Los Angeles, Mr. Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the U.S. and Europe.
-
High Road Cap Sells Banner Solutions; Second Exit from Second Fund
November 15, 2019High Road Capital Partners (www.highroadcap.com) announced the sale of its portfolio company Banner Solutions (www.bannersolutions.com) to Tailwind Capital. The sale, which closed on October 31, 2019, marks the second exit for High Road Capital Partners Fund II.
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Expedition Closes $100M Revolving Credit Facility to Support Ongoing Rockies-Focused Water Midstream Development
November 13, 2019Expedition Water Solutions ("Expedition"), the leading midstream produced water infrastructure company in the Rockies, announced today it has expanded its revolving credit facility to $100 million. Cadence Bank ("Cadence") served as lead arranger and administrative agent.
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Bibby Financial Services Appoints Scot Barber as Regional Sales Manager - East
November 13, 2019Bibby Financial Services is delighted to announce a new addition to our team, Scot Barber. Mr. Barber joined our team in mid-October as our Regional Sales Manager - East. We are excited about the wealth of experience and dynamism in building partner relations that Mr. Barber brings to BFS.
-
Tradewind Announces $2.5 Million Credit Facility for Sustainable Homewares Company based in China and the USA
November 13, 2019Tradewind has closed a $2.5 million trade finance facility for a company based in China and the USA that sells sustainable, ecologically sourced, and manufactured homewares. The company exports to major retailers in the US including Amazon, Target, Kroger, and The Container Store, as well as to distributors in key international markets globally.
-
Rosenthal Provides $1 Million Purchase Order Finance Facility for International Women’s Footwear Designer
November 13, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $1 million inventory production finance deal for a well-known designer and importer of women’s footwear.
-
Utica Leaseco, LLC Announces $750,000 Transaction
November 18, 2019Utica Leaseco, LLC provided a $750,000 true lease secured by Machinery and Equipment to a medical company located in California. Utica provided the working capital for this company for new purchases.
-
Keith Herron Retiring From Regions Bank After 31-year Career
November 18, 2019Following a distinguished career spanning more than 30 years, Regions Bank announced today that Keith Herron, Senior Executive Vice President, Head of Corporate Responsibility and Community Engagement, will retire from Regions.
-
Pioneer Bank Hires KeyBank Executive for Commercial Lending
November 18, 2019Pioneer Bank says it has hired former KeyBank executive Rob Nichols as senior vice president of commercial development. Nichols is known for his expertise in startup funding and comes to Pioneer Bank at a time when it is dealing with the collapse one of its major customers, the cloud-based payroll firm MyPayrollHR.
-
Briar Capital Real Estate Fund announces a $4.785MM real estate loan to a Fashion Products Wholesaler
November 18, 2019Briar Capital Real Estate Fund ("BCREF") (www.BriarCapital.com) is pleased to announce it has provided a $4.785MM real estate term loan to a Fashion Products Wholesaler located in Tampa, FL. The loan is secured by the company's owner-occupied office/warehouse facility.
-
Cogent Bank Specialty Lending Team Closes Over $45 Million in New Transactions
November 15, 2019Michael Skat, Managing Director for Cogent Bank’s Specialty Lending Group stated, “We are off to a great start building this unique product line in a community banking environment. Our thoughtful approach in assembling an experienced, client focused team combined with innovative technology helps our customers manage their business more efficiently and effectively. The creation of the Specialty Lending Group is a testimony to the progressive mindset of our Executive Management Team and our Board of Directors.”
-
Holland & Hart Enhances Real Estate Development and Finance Practice with Terry Gorrell, Ned Giles, and Kevin Giles
November 15, 2019Holland & Hart announced the addition of partner Terry Gorrell, of counsel Ned Giles, and associate Kevin Giles, deepening Holland & Hart’s multifaceted real estate development and finance practice. Gorrell and Ned Giles join the firm’s Denver office, while Kevin Giles joins the Aspen office.
-
Survey Produced by Chubb and the National Center for the Middle Market Finds Growth Rate Slowing and Perception of Risk Escalating among Middle Market Companies
November 15, 2019Chubb and the National Center for the Middle Market (NCMM) – housed at The Ohio State University Fisher College of Business – have published a summary of findings from the most recent Middle Market Indicator (MMI), which underscores a slowing growth rate and a perception of escalating risk among middle market companies. Issued quarterly, the MMI explores current and emerging macro trends along with business risks across the middle market, measuring past and predicted revenue growth, employment growth, economic confidence levels and business investment.
-
AEC Provides a $2,500,000 Finance Facility for Acquisition and Working Capital Needs of Indiana-based Sheet Metal Fabricator
November 15, 2019Advanced Energy Capital provided the funding for Alpine 4 Technologies, Ltd. (Alpine) to close on their latest acquisition of Deluxe Sheet Metal Inc. Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations.
-
CareerFlex, an Innovative Tech-Enabled Outplacement Service Launches Today
November 15, 2019The new cloud-based platform is specifically designed to offset traditional outplacement hurdles. Convenient, comprehensive, and cost effective, our technology prepares your displaced team members for their next chapter while helping you get the most out of your closing event.
-
Sandy Walia to Lead Branch Banking in Northern California and the Pacific Northwest
November 15, 2019Union Bank named Sandy Walia as Regional President for Northern California and the Pacific Northwest Branch Banking division. Walia will oversee a network of 111 branches and nearly 600 employees in the region. In addition, she will continue to serve as Managing Director and Head of Client Services for PurePoint Financial, which is a division of MUFG Union Bank.
-
SSG Advises Clarus Linen Systems in the Sale of its Assets and Operations to Multiple Buyers
November 15, 2019SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Centerstone Linen Services, LLC d/b/a Clarus Linen Systems ("Clarus" or the "Company") in the sale of its assets and multiple operations to Crown Health Care Laundry Services ("Crown"), PureStar Linen Group, LLC ("PureStar"), and Clean Textile Systems, LP d/b/a CleanCare ("CleanCare"). The sales were effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of New York.
-
Allen Parker to Leave Wells Fargo to Pursue Other Business Opportunities
November 15, 2019Wells Fargo & Company today announced that General Counsel C. Allen Parker has made the decision to leave the company effective March 31, 2020, to pursue other business opportunities. Parker joined Wells Fargo as General Counsel in March 2017, served as interim CEO and President from March 2019 to October 2019, and then returned to the General Counsel role.
-
CIBC Innovation Banking Backs Madwire® with US$16 Million of New Financing
November 15, 2019CIBC Innovation Banking is pleased to announce two separate transactions totaling US$16 million for Madwire®, LLC, a Fort Collins, Colorado-based technology company which provides software and services to meet the business management and marketing needs for small-to-medium sized businesses (SMBs).
-
Abraxas Announces Debt Refinancing and New Borrowing Base, Ample Liquidity and Enhanced Balance Sheet Stability
November 15, 2019Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced it has entered into a $100 million Senior Secured Second Lien Term Loan Facility (“Second Loan Facility”) with Angelo Gordon Energy Servicer, LLC. Net proceeds from the financing are estimated to be approximately $95 million, all of which was used to pay down the Company’s revolving credit facility.
-
Michael Schechter Joins Ares Management Corporation as Head of Credit Trading
November 15, 2019Ares Management Corporation (NYSE: ARES) announced today that Michael Schechter has joined the firm as Partner and Head of Credit Trading. Based in Los Angeles, Mr. Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the U.S. and Europe.
-
High Road Cap Sells Banner Solutions; Second Exit from Second Fund
November 15, 2019High Road Capital Partners (www.highroadcap.com) announced the sale of its portfolio company Banner Solutions (www.bannersolutions.com) to Tailwind Capital. The sale, which closed on October 31, 2019, marks the second exit for High Road Capital Partners Fund II.
-
Expedition Closes $100M Revolving Credit Facility to Support Ongoing Rockies-Focused Water Midstream Development
November 13, 2019Expedition Water Solutions ("Expedition"), the leading midstream produced water infrastructure company in the Rockies, announced today it has expanded its revolving credit facility to $100 million. Cadence Bank ("Cadence") served as lead arranger and administrative agent.
-
Bibby Financial Services Appoints Scot Barber as Regional Sales Manager - East
November 13, 2019Bibby Financial Services is delighted to announce a new addition to our team, Scot Barber. Mr. Barber joined our team in mid-October as our Regional Sales Manager - East. We are excited about the wealth of experience and dynamism in building partner relations that Mr. Barber brings to BFS.
-
Tradewind Announces $2.5 Million Credit Facility for Sustainable Homewares Company based in China and the USA
November 13, 2019Tradewind has closed a $2.5 million trade finance facility for a company based in China and the USA that sells sustainable, ecologically sourced, and manufactured homewares. The company exports to major retailers in the US including Amazon, Target, Kroger, and The Container Store, as well as to distributors in key international markets globally.
-
Rosenthal Provides $1 Million Purchase Order Finance Facility for International Women’s Footwear Designer
November 13, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $1 million inventory production finance deal for a well-known designer and importer of women’s footwear.
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