• Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
    Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • Eileen Wubbe 150x150 SFNet to Host YoPro Leadership Summit In-Person and Live Online August 3-4
    Jul 26, 2021

    SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.

    After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways.  On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening. 

    Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.

    "The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."

  • U. S. Steel Adds Sustainability Performance Targets to Credit Facilities to Support Best for All℠ Strategy
    Jul 26, 2021

    United States Steel Corporation (NYSE: X) (“U. S. Steel” or “company”) today announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. This is part of the ongoing execution of the company’s Best for All℠ strategy of creating profitable solutions for sustainable steelmaking.

    J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in the U. S. Steel Sustainability-linked ABL. Goldman Sachs Bank NA and ING Capital LLC acted as Joint Sustainability Structuring Agents in the BRS Sustainability-linked ABL.

  • DavidWisen_WingspireCapital_Headshot Get to Know David Wisen, CEO and co-founder of Wingspire Capital
    Jul 26, 2021
    David Wisen is the CEO and co-founder of Wingspire Capital, a diversified senior secured finance company focused on originating asset-based and specialty finance loans to middle market businesses in the U.S. Transaction sizes range from $20 million to $200 million, and proceeds are used to finance growth, M&A, dividend recapitalizations, restructurings, and turnarounds. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). Here, Wisen discusses Wingspire’s first two years, leading through COVID, new talent coming on board, its relationship with Blue Owl Capital and plans for the next several years.
  • Unifrax Obtains Committed Debt Financing from J.P. Morgan Led Consortium to Support Clearlake Capital-Backed Acquisition of Lydall, Inc.
    As previously announced, Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. ("Clearlake"), signed definitive agreements to acquire Lydall, Inc. (NYSE: LDL, "Lydall" or the "Company"), a leader in the design and production of specialty filtration materials and advanced material solutions.
  • White Oak Commercial Finance Expands Retail Finance Offering to Meet Growing Demand

    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industry’s increased investment in ecommerce.

    The White Oak teams driving the effort span the U.S. and include this newly formed group led by Bill Kearney, as well as senior regional executives Martin Efron, Charles Sharf, and Gino Clark.

  • GemCap Partners With VION Investments in Low- and Middle-Market Commercial Funding
    Jul 20, 2021

    GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets. This partnership combines our shared expertise with incremental capital to create a new source of funding for markets historically underserved by traditional lenders.

  • Oxford Financial Group, Ltd. Announces Formation and Funding of Mayfair Capital Partners (MCP)
    Oxford Financial Group, Ltd. has announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500 million of initial AUM to support MCP’s expected investment pace of one to two deals per year with an equity ticket size of $50 – 125 million per transaction; Oxford has earmarked $300 million of incremental capital. Oxford’s sophisticated multi-family office structure allows MCP to create long-term value by focusing on alignment of goals and incentives. 
  • Air Canada Announces Launch of Syndication of New Credit Facilities
    Air Canada (TSX: AC) (the "Company") today announced that it has launched the syndication of a new senior secured term loan B expected to mature in 2028 (the "Term Loan"), and completed the syndication in respect of a new senior secured revolving facility expected to mature in 2025 (the "Revolving Facility", together with the Term Loan, the "Senior Secured Credit Facilities"). 


    JPMorgan Chase Bank, N.A., Citi and TD Securities are acting as lead arrangers and active bookrunners for the Senior Secured Credit Facilities.

     
  • Juanita Schwartzkopf - Headshot150x150 How do you effectively analyze Q1 and Q2 2021 financial performance?
    Analyzing Q1 and Q2 financial performance is challenging.  2020 was impacted by Covid-19 both positively, through the stimulus programs, and negatively, as a result of shut downs and stay at home orders along with their trickle down impacts.  2021 financial performance analysis is further complicated by the emerging trends of labor related issues, inflation impacts, commodity prices changes, and supply chain concerns. 
  • Gerber Finance Opens Ontario Office, Industry Veteran Karim Habib to Lead Canadian Expansion
    Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, today announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its signature customized asset-based lending solutions to consumer packaged goods companies.
  • FGI Appoints Ronnie Bloom to Expand its Canadian Presence
    FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground approach.
  • Trends in E-commerce During and Post-Pandemic

    The COVID-19 pandemic caused ecommerce to transition from “convenient” to “essential,” but what does the post-pandemic world hold for this sector?

  • CIT Serves as Lead Arranger for Approximately $68.4 Million in Financing for Crane Solar in Texas
    Jul 14, 2021

    CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, Texas, and an adjacent 25-megawatt battery development.

    Starwood Energy Group Global LLC ("Starwood Energy"), a leading private investment firm focused on energy infrastructure, acquired the Crane Solar assets from Consolidated Edison Development Inc. with the financing provided by CIT.

  • Vivint Smart Home Successfully Completes Refinancing Transactions

    Vivint also announced that, concurrently with the Notes offering, the Issuer refinanced its existing credit facilities with (i) a new $1,350.0 million first lien senior secured term loan facility maturing in 2028 (the “New Senior Secured Term Loan Facility”) and (ii) a new $370.0 million senior secured revolving credit facility maturing in 2026 (the “New Senior Secured Revolving Credit Facility” and, together with the New Senior Secured Term Loan facility, the “New Senior Secured Credit Facilities”), with lenders party thereto and Bank of America, N.A. as a lender, administrative agent and collateral agent.

  • Eileen Wubbe 150x150 SFNet to Host Innovation Conference - The Future of Work Live Online Starting Tomorrow
    Jul 13, 2021

    What if I don’t want to come back?  Do I have to disclose whether I was vaccinated to my employer? What are the impacts of remote operations from a commercial real estate perspective? How does corporate culture survive in a remote or hybrid environment? What is the impact on career mobility? How are new technologies being deployed to revolutionize workflows and the customer experience in the equipment finance industry?

    As the country continues to make its comeback after more than a year of fear and uncertainty from COVID-19, we are left with a lot of questions on what this all means about the work world—returning to offices and what the future will look like. In response to this, SFNet will host its first Innovation Conference, focusing on The Future of Work starting tomorrow, Wednesday, July 14 and July 21, 2021 from 12:00-3:00 EDT each day. The Conference will focus on what the world of secured finance will look like as we emerge from the crisis. Attendees will walk away with the knowledge of whether their business is leading, adapting or falling behind.

  • Rimini Street Announces $90 Million Commercial Bank Financing to Fully Redeem Remaining Series A Preferred Stock
    Capital One, National Association acted as sole lead arranger and bookrunner and Cowen served as exclusive financial advisor. Baker McKenzie LLP acted as legal counsel to Rimini Street, and Paul Hastings LLP acted as legal counsel to Capital One, National Association.
  • White Oak Healthcare Finance Provides $75MM Credit Facility to Advanced Recovery Systems
    White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent of a senior credit facility to support Advanced Recovery Systems, LLC (“ARS” or the "Company"), a Goldman Sachs Asset Management portfolio company. ARS provides inpatient and outpatient treatment services for patients with addiction, substance abuse and behavioral health disorders.
  • Tenable Announces Closing of New Senior Secured Credit Facility
    Tenable®, Inc. (“Tenable”), the Cyber Exposure company, today announced it has entered into a new credit agreement, which is comprised of a $375.0 million senior secured term loan facility (the “Term Loan”) and $50.0 million senior secured revolving credit facility (the “Revolving Facility” and, together with the Term Loan, the “Credit Facility”).

    JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Bank of America, N.A., and Barclays Bank PLC acted as joint lead arrangers and joint bookrunners for the Credit Facility.
  • Hilco Global Acquires Getzler Henrich, Adding the Nationally Recognized Corporate Turnaround and Restructuring Advisory Firm to its Diversified Financial Services Platform

    Hilco Global (www.hilcoglobal.com), the privately held diversified financial services company delivering valuation, monetization, advisory and capital solutions to businesses around the world, announced today that it has entered into a definitive agreement to acquire the New York based firm - Getzler Henrich & Associates LLC ("Getzler Henrich”) (https://getzlerhenrich.com).

    Getzler Henrich is a 53-year-old nationally recognized turnaround and restructuring advisory firm that focuses on providing operational and financial solutions to middle-market businesses and their stakeholders.

  • Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
    Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • Eileen Wubbe 150x150 SFNet to Host YoPro Leadership Summit In-Person and Live Online August 3-4
    Jul 26, 2021

    SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.

    After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways.  On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening. 

    Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.

    "The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."

  • U. S. Steel Adds Sustainability Performance Targets to Credit Facilities to Support Best for All℠ Strategy
    Jul 26, 2021

    United States Steel Corporation (NYSE: X) (“U. S. Steel” or “company”) today announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. This is part of the ongoing execution of the company’s Best for All℠ strategy of creating profitable solutions for sustainable steelmaking.

    J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in the U. S. Steel Sustainability-linked ABL. Goldman Sachs Bank NA and ING Capital LLC acted as Joint Sustainability Structuring Agents in the BRS Sustainability-linked ABL.

  • DavidWisen_WingspireCapital_Headshot Get to Know David Wisen, CEO and co-founder of Wingspire Capital
    Jul 26, 2021
    David Wisen is the CEO and co-founder of Wingspire Capital, a diversified senior secured finance company focused on originating asset-based and specialty finance loans to middle market businesses in the U.S. Transaction sizes range from $20 million to $200 million, and proceeds are used to finance growth, M&A, dividend recapitalizations, restructurings, and turnarounds. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). Here, Wisen discusses Wingspire’s first two years, leading through COVID, new talent coming on board, its relationship with Blue Owl Capital and plans for the next several years.
  • Unifrax Obtains Committed Debt Financing from J.P. Morgan Led Consortium to Support Clearlake Capital-Backed Acquisition of Lydall, Inc.
    As previously announced, Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. ("Clearlake"), signed definitive agreements to acquire Lydall, Inc. (NYSE: LDL, "Lydall" or the "Company"), a leader in the design and production of specialty filtration materials and advanced material solutions.
  • White Oak Commercial Finance Expands Retail Finance Offering to Meet Growing Demand

    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industry’s increased investment in ecommerce.

    The White Oak teams driving the effort span the U.S. and include this newly formed group led by Bill Kearney, as well as senior regional executives Martin Efron, Charles Sharf, and Gino Clark.

  • GemCap Partners With VION Investments in Low- and Middle-Market Commercial Funding
    Jul 20, 2021

    GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets. This partnership combines our shared expertise with incremental capital to create a new source of funding for markets historically underserved by traditional lenders.

  • Oxford Financial Group, Ltd. Announces Formation and Funding of Mayfair Capital Partners (MCP)
    Oxford Financial Group, Ltd. has announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500 million of initial AUM to support MCP’s expected investment pace of one to two deals per year with an equity ticket size of $50 – 125 million per transaction; Oxford has earmarked $300 million of incremental capital. Oxford’s sophisticated multi-family office structure allows MCP to create long-term value by focusing on alignment of goals and incentives. 
  • Air Canada Announces Launch of Syndication of New Credit Facilities
    Air Canada (TSX: AC) (the "Company") today announced that it has launched the syndication of a new senior secured term loan B expected to mature in 2028 (the "Term Loan"), and completed the syndication in respect of a new senior secured revolving facility expected to mature in 2025 (the "Revolving Facility", together with the Term Loan, the "Senior Secured Credit Facilities"). 


    JPMorgan Chase Bank, N.A., Citi and TD Securities are acting as lead arrangers and active bookrunners for the Senior Secured Credit Facilities.

     
  • Juanita Schwartzkopf - Headshot150x150 How do you effectively analyze Q1 and Q2 2021 financial performance?
    Analyzing Q1 and Q2 financial performance is challenging.  2020 was impacted by Covid-19 both positively, through the stimulus programs, and negatively, as a result of shut downs and stay at home orders along with their trickle down impacts.  2021 financial performance analysis is further complicated by the emerging trends of labor related issues, inflation impacts, commodity prices changes, and supply chain concerns. 
  • Gerber Finance Opens Ontario Office, Industry Veteran Karim Habib to Lead Canadian Expansion
    Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, today announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its signature customized asset-based lending solutions to consumer packaged goods companies.
  • FGI Appoints Ronnie Bloom to Expand its Canadian Presence
    FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground approach.
  • Trends in E-commerce During and Post-Pandemic

    The COVID-19 pandemic caused ecommerce to transition from “convenient” to “essential,” but what does the post-pandemic world hold for this sector?

  • CIT Serves as Lead Arranger for Approximately $68.4 Million in Financing for Crane Solar in Texas
    Jul 14, 2021

    CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, Texas, and an adjacent 25-megawatt battery development.

    Starwood Energy Group Global LLC ("Starwood Energy"), a leading private investment firm focused on energy infrastructure, acquired the Crane Solar assets from Consolidated Edison Development Inc. with the financing provided by CIT.

  • Vivint Smart Home Successfully Completes Refinancing Transactions

    Vivint also announced that, concurrently with the Notes offering, the Issuer refinanced its existing credit facilities with (i) a new $1,350.0 million first lien senior secured term loan facility maturing in 2028 (the “New Senior Secured Term Loan Facility”) and (ii) a new $370.0 million senior secured revolving credit facility maturing in 2026 (the “New Senior Secured Revolving Credit Facility” and, together with the New Senior Secured Term Loan facility, the “New Senior Secured Credit Facilities”), with lenders party thereto and Bank of America, N.A. as a lender, administrative agent and collateral agent.

  • Eileen Wubbe 150x150 SFNet to Host Innovation Conference - The Future of Work Live Online Starting Tomorrow
    Jul 13, 2021

    What if I don’t want to come back?  Do I have to disclose whether I was vaccinated to my employer? What are the impacts of remote operations from a commercial real estate perspective? How does corporate culture survive in a remote or hybrid environment? What is the impact on career mobility? How are new technologies being deployed to revolutionize workflows and the customer experience in the equipment finance industry?

    As the country continues to make its comeback after more than a year of fear and uncertainty from COVID-19, we are left with a lot of questions on what this all means about the work world—returning to offices and what the future will look like. In response to this, SFNet will host its first Innovation Conference, focusing on The Future of Work starting tomorrow, Wednesday, July 14 and July 21, 2021 from 12:00-3:00 EDT each day. The Conference will focus on what the world of secured finance will look like as we emerge from the crisis. Attendees will walk away with the knowledge of whether their business is leading, adapting or falling behind.

  • Rimini Street Announces $90 Million Commercial Bank Financing to Fully Redeem Remaining Series A Preferred Stock
    Capital One, National Association acted as sole lead arranger and bookrunner and Cowen served as exclusive financial advisor. Baker McKenzie LLP acted as legal counsel to Rimini Street, and Paul Hastings LLP acted as legal counsel to Capital One, National Association.
  • White Oak Healthcare Finance Provides $75MM Credit Facility to Advanced Recovery Systems
    White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent of a senior credit facility to support Advanced Recovery Systems, LLC (“ARS” or the "Company"), a Goldman Sachs Asset Management portfolio company. ARS provides inpatient and outpatient treatment services for patients with addiction, substance abuse and behavioral health disorders.
  • Tenable Announces Closing of New Senior Secured Credit Facility
    Tenable®, Inc. (“Tenable”), the Cyber Exposure company, today announced it has entered into a new credit agreement, which is comprised of a $375.0 million senior secured term loan facility (the “Term Loan”) and $50.0 million senior secured revolving credit facility (the “Revolving Facility” and, together with the Term Loan, the “Credit Facility”).

    JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Bank of America, N.A., and Barclays Bank PLC acted as joint lead arrangers and joint bookrunners for the Credit Facility.
  • Hilco Global Acquires Getzler Henrich, Adding the Nationally Recognized Corporate Turnaround and Restructuring Advisory Firm to its Diversified Financial Services Platform

    Hilco Global (www.hilcoglobal.com), the privately held diversified financial services company delivering valuation, monetization, advisory and capital solutions to businesses around the world, announced today that it has entered into a definitive agreement to acquire the New York based firm - Getzler Henrich & Associates LLC ("Getzler Henrich”) (https://getzlerhenrich.com).

    Getzler Henrich is a 53-year-old nationally recognized turnaround and restructuring advisory firm that focuses on providing operational and financial solutions to middle-market businesses and their stakeholders.

  • Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
    Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • Eileen Wubbe 150x150 SFNet to Host YoPro Leadership Summit In-Person and Live Online August 3-4
    Jul 26, 2021

    SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.

    After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways.  On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening. 

    Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.

    "The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."

  • U. S. Steel Adds Sustainability Performance Targets to Credit Facilities to Support Best for All℠ Strategy
    Jul 26, 2021

    United States Steel Corporation (NYSE: X) (“U. S. Steel” or “company”) today announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. This is part of the ongoing execution of the company’s Best for All℠ strategy of creating profitable solutions for sustainable steelmaking.

    J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in the U. S. Steel Sustainability-linked ABL. Goldman Sachs Bank NA and ING Capital LLC acted as Joint Sustainability Structuring Agents in the BRS Sustainability-linked ABL.

  • DavidWisen_WingspireCapital_Headshot Get to Know David Wisen, CEO and co-founder of Wingspire Capital
    Jul 26, 2021
    David Wisen is the CEO and co-founder of Wingspire Capital, a diversified senior secured finance company focused on originating asset-based and specialty finance loans to middle market businesses in the U.S. Transaction sizes range from $20 million to $200 million, and proceeds are used to finance growth, M&A, dividend recapitalizations, restructurings, and turnarounds. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). Here, Wisen discusses Wingspire’s first two years, leading through COVID, new talent coming on board, its relationship with Blue Owl Capital and plans for the next several years.
  • Unifrax Obtains Committed Debt Financing from J.P. Morgan Led Consortium to Support Clearlake Capital-Backed Acquisition of Lydall, Inc.
    As previously announced, Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. ("Clearlake"), signed definitive agreements to acquire Lydall, Inc. (NYSE: LDL, "Lydall" or the "Company"), a leader in the design and production of specialty filtration materials and advanced material solutions.
  • White Oak Commercial Finance Expands Retail Finance Offering to Meet Growing Demand

    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industry’s increased investment in ecommerce.

    The White Oak teams driving the effort span the U.S. and include this newly formed group led by Bill Kearney, as well as senior regional executives Martin Efron, Charles Sharf, and Gino Clark.

  • GemCap Partners With VION Investments in Low- and Middle-Market Commercial Funding
    Jul 20, 2021

    GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets. This partnership combines our shared expertise with incremental capital to create a new source of funding for markets historically underserved by traditional lenders.

  • Oxford Financial Group, Ltd. Announces Formation and Funding of Mayfair Capital Partners (MCP)
    Oxford Financial Group, Ltd. has announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500 million of initial AUM to support MCP’s expected investment pace of one to two deals per year with an equity ticket size of $50 – 125 million per transaction; Oxford has earmarked $300 million of incremental capital. Oxford’s sophisticated multi-family office structure allows MCP to create long-term value by focusing on alignment of goals and incentives. 
  • Air Canada Announces Launch of Syndication of New Credit Facilities
    Air Canada (TSX: AC) (the "Company") today announced that it has launched the syndication of a new senior secured term loan B expected to mature in 2028 (the "Term Loan"), and completed the syndication in respect of a new senior secured revolving facility expected to mature in 2025 (the "Revolving Facility", together with the Term Loan, the "Senior Secured Credit Facilities"). 


    JPMorgan Chase Bank, N.A., Citi and TD Securities are acting as lead arrangers and active bookrunners for the Senior Secured Credit Facilities.

     
  • Juanita Schwartzkopf - Headshot150x150 How do you effectively analyze Q1 and Q2 2021 financial performance?
    Analyzing Q1 and Q2 financial performance is challenging.  2020 was impacted by Covid-19 both positively, through the stimulus programs, and negatively, as a result of shut downs and stay at home orders along with their trickle down impacts.  2021 financial performance analysis is further complicated by the emerging trends of labor related issues, inflation impacts, commodity prices changes, and supply chain concerns. 
  • Gerber Finance Opens Ontario Office, Industry Veteran Karim Habib to Lead Canadian Expansion
    Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, today announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its signature customized asset-based lending solutions to consumer packaged goods companies.
  • FGI Appoints Ronnie Bloom to Expand its Canadian Presence
    FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground approach.
  • Trends in E-commerce During and Post-Pandemic

    The COVID-19 pandemic caused ecommerce to transition from “convenient” to “essential,” but what does the post-pandemic world hold for this sector?

  • CIT Serves as Lead Arranger for Approximately $68.4 Million in Financing for Crane Solar in Texas
    Jul 14, 2021

    CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, Texas, and an adjacent 25-megawatt battery development.

    Starwood Energy Group Global LLC ("Starwood Energy"), a leading private investment firm focused on energy infrastructure, acquired the Crane Solar assets from Consolidated Edison Development Inc. with the financing provided by CIT.

  • Vivint Smart Home Successfully Completes Refinancing Transactions

    Vivint also announced that, concurrently with the Notes offering, the Issuer refinanced its existing credit facilities with (i) a new $1,350.0 million first lien senior secured term loan facility maturing in 2028 (the “New Senior Secured Term Loan Facility”) and (ii) a new $370.0 million senior secured revolving credit facility maturing in 2026 (the “New Senior Secured Revolving Credit Facility” and, together with the New Senior Secured Term Loan facility, the “New Senior Secured Credit Facilities”), with lenders party thereto and Bank of America, N.A. as a lender, administrative agent and collateral agent.

  • Eileen Wubbe 150x150 SFNet to Host Innovation Conference - The Future of Work Live Online Starting Tomorrow
    Jul 13, 2021

    What if I don’t want to come back?  Do I have to disclose whether I was vaccinated to my employer? What are the impacts of remote operations from a commercial real estate perspective? How does corporate culture survive in a remote or hybrid environment? What is the impact on career mobility? How are new technologies being deployed to revolutionize workflows and the customer experience in the equipment finance industry?

    As the country continues to make its comeback after more than a year of fear and uncertainty from COVID-19, we are left with a lot of questions on what this all means about the work world—returning to offices and what the future will look like. In response to this, SFNet will host its first Innovation Conference, focusing on The Future of Work starting tomorrow, Wednesday, July 14 and July 21, 2021 from 12:00-3:00 EDT each day. The Conference will focus on what the world of secured finance will look like as we emerge from the crisis. Attendees will walk away with the knowledge of whether their business is leading, adapting or falling behind.

  • Rimini Street Announces $90 Million Commercial Bank Financing to Fully Redeem Remaining Series A Preferred Stock
    Capital One, National Association acted as sole lead arranger and bookrunner and Cowen served as exclusive financial advisor. Baker McKenzie LLP acted as legal counsel to Rimini Street, and Paul Hastings LLP acted as legal counsel to Capital One, National Association.
  • White Oak Healthcare Finance Provides $75MM Credit Facility to Advanced Recovery Systems
    White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent of a senior credit facility to support Advanced Recovery Systems, LLC (“ARS” or the "Company"), a Goldman Sachs Asset Management portfolio company. ARS provides inpatient and outpatient treatment services for patients with addiction, substance abuse and behavioral health disorders.
  • Tenable Announces Closing of New Senior Secured Credit Facility
    Tenable®, Inc. (“Tenable”), the Cyber Exposure company, today announced it has entered into a new credit agreement, which is comprised of a $375.0 million senior secured term loan facility (the “Term Loan”) and $50.0 million senior secured revolving credit facility (the “Revolving Facility” and, together with the Term Loan, the “Credit Facility”).

    JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Bank of America, N.A., and Barclays Bank PLC acted as joint lead arrangers and joint bookrunners for the Credit Facility.
  • Hilco Global Acquires Getzler Henrich, Adding the Nationally Recognized Corporate Turnaround and Restructuring Advisory Firm to its Diversified Financial Services Platform

    Hilco Global (www.hilcoglobal.com), the privately held diversified financial services company delivering valuation, monetization, advisory and capital solutions to businesses around the world, announced today that it has entered into a definitive agreement to acquire the New York based firm - Getzler Henrich & Associates LLC ("Getzler Henrich”) (https://getzlerhenrich.com).

    Getzler Henrich is a 53-year-old nationally recognized turnaround and restructuring advisory firm that focuses on providing operational and financial solutions to middle-market businesses and their stakeholders.