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  • CIT Northbridge Provides Financing to Mohawk Fine Papers
    Sep 22, 2022
    CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing will be used to refinance existing debt and provide working capital to support strategic initiatives and future endeavors.
  • Gordon Brothers Provides Academy Bus $72.5M Credit Facility to Support Growing Business
    Sep 21, 2022

    Gordon Brothers, the global advisory, restructuring and investment firm, has provided Academy Bus LLC a $72.5 million credit facility to support the bus company’s growing business.

    The facility will support Academy Bus’ debt refinancing and continued growth to meet the increased transit, charter and commuter demand as transportation service returns to pre-pandemic levels.

  • CIBC Innovation Banking Provides Growth Capital Financing to Userlane
    Sep 21, 2022
    CIBC Innovation Banking announced today that it has provided growth capital financing to Userlane, a software company based in Germany. Userlane will use the funds to expand its suite of products that help companies master enterprise software and associated processes more easily.
  • Wintrust Business Credit Announces National Expansion

    Wintrust Business Credit (WBC), the asset-based lending (ABL) unit of Wintrust Commercial Banking, today announced plans to expand its geographic reach from a regional provider to a national ABL platform.

    Since its founding in 2008, WBC has provided best-in-class asset-based lending solutions with a focus on middle-market businesses in the Wintrust footprint. 

  • Citizens Leads $50 Million Senior Credit Facility for Crosslake Technologies
    Sep 19, 2022

    Citizens announced that it has provided a $50 million credit facility to Charlotte, N.C.-based Crosslake Technologies. Citizens is Left Lead Arranger and Administrative Agent.

    Crosslake Technologies provides data-driven technology due diligence and value creation advisory services for private equity firms and their portfolio companies. The company’s capabilities include advisory support of software delivery processes, architecture, enterprise systems, and cybersecurity, all delivered by experienced technology practitioners

  • CIT Northbridge Serves as Agent on $65 Million Financing for Leading Sustainable Apparel Retailer Everlane
    Sep 15, 2022

    CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $65 million revolving credit facility for Everlane, Inc., a leading retailer of sustainable apparel, accessories and footwear in the U.S. 

    Founded in 2011 and based in San Francisco, Everlane aims to deliver high-quality and ethically sourced items at affordable price points. The company sells products primarily through its e-commerce website, as well as its 10 retail stores in New York, Massachusetts, Texas, Washington, California, District of Columbia and Pennsylvania.

  • WhiteHawk Capital Partners Provides $55 Million Credit Facility to CherCo, LLC
    Sep 14, 2022
    WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with CherCo, LLC (“CherCo") to provide a $55 million asset-based credit facility. CherCo will use the proceeds of the financing for acquisitions of assets and service contracts, and to provide ongoing liquidity to execute on growth plans.
  • This Is Not a Drill - SFNet's Cross-Border Lending Summit 2022 Returns September 15 and September 22
    Sep 13, 2022
    SFNet's Cross-Border Lending Summit - “This Is Not a Drill” – is returning live online event on September 15 and September 22, 2022, from 10:00 a.m. - 12:00 p.m. ET each day. For the 9th year in a row, SFNet is bringing timely and provocative panels addressing issues that challenge asset-based lenders doing cross-border deals. So much has happened in just the last six months: Boris Johnson stepping down, Russia in Ukraine, potential food supply shortages, climate extremes. Companies now must reevaluate supply chains and vendors based in part of geopolitical risk. Not to mention an inflationary environment the likes of which we have not seen in years. In this time of rapid change, SFNet is gathering together industry experts to explore and illuminate the current landscape and what you should be thinking about in the months and years to come.
  • Ares Commercial Finance Adds Managing Director to its Origination Team
    Sep 13, 2022
    Ares Commercial Finance (“ACF”) announced that Kristen Holihan has joined its Origination Team as a Managing Director. Based in New York, Ms. Holihan is responsible for business development and origination, with a focus on restructuring, sponsor and direct lending relationships.
  • eCapital Introduces New Healthcare Division
    Sep 13, 2022

     eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., today announced the creation of a new division, eCapital Healthcare, dedicated to serving clients within the healthcare industry with fast and flexible financial solutions designed for their unique needs.

    The new division will be led by 20+ year industry veteran, Tim Peters, who will retain his leadership role as CEO, Healthcare Division, for eCapital. 

  • Cyxtera Closes Accounts Receivable Securitization Facility of $37.5 Million with PNC Bank, N.A.
    Sep 12, 2022
    Cyxtera (NASDAQ: CYXT), a global leader in data center colocation and interconnection services, today announced it has closed an accounts receivable securitization facility of $37.5 million with PNC Bank, N.A. The new facility provides increased availability and reduced interest expense compared to Cyxtera’s former accounts receivable factoring facility. The facility has a committed term of three years.
  • TSL0922_DIEDERIK VON KÖNIGSLÖW_150 Bed, Bath, and Back to the Supplier: A Supplier’s Right to Reclaim Ownership of Inventory in the Netherlands
    Sep 12, 2022
    In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay tied for third place.
  • Pathway Homes Secures $225M Credit Facility
    Sep 8, 2022
    Pathway Homes ("Pathway"), a real estate platform with a mission to create more homeowners, announced today that it has entered into a secured credit facility in the aggregate amount of $225 million, with Bank of America, acting as Administrative Agent and Sole Lead Arranger. This is Pathway's inaugural credit facility and includes an accordion feature that permits an increase in total commitments up to $475 million under certain conditions. 
  • CIT Provides $100 Million in Financing for Stonegate Capital
    Sep 7, 2022
    CIT, a division of First Citizens Bank, today announced that the Specialty Finance unit of its Asset-Based Lending business provided $100 million in financing to Stonegate Capital, a middle-market asset-based lender primarily focused on the consumer vertical and opportunistic credits. Stonegate Capital, headquartered in Chicago, is a wholly owned division of SG Credit Partners. 
  • Michele Ocejo Results of SFNet’s Groundbreaking DEI Survey
    SFNet’s DEI Committee, in conjunction with Rutgers University and underwritten by the Secured Finance Foundation and Wells Fargo, released the results of the first-ever DEI Survey, which provides a comprehensive perspective on the current state of diversity, equity and inclusiveness among SFNet member companies.
  • Pitney Bowes Financial Services Demonstrates Renewed Commitment to Main Street
    Sep 6, 2022
    Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today reaffirmed its commitment to small business lending with the announcement of up to $10 million worth of financing to two small business clients. New York City-based Ash NYC and Farmington, Michigan-located Digital Terrain selected Pitney Bowes Financial Services to augment their primary source of capital and deliver affordable revolving lines of credit and term loans.
  • First Citizens Bank Launches Middle Market Banking Across Southeastern U.S.
    Sep 6, 2022

    First Citizens Bank today announced the official launch of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across the Southeastern U.S.

    Headquartered in Charlotte, First Citizens Middle Market Banking is now serving clients across North Carolina and neighboring Southeastern states, including Virginia, South Carolina, Georgia and Florida, with a full-suite of banking services.

  • LSQ Creates $15MM Credit Facility, AR Management Program for Pennsylvania Coal Producer

    LSQ, a leading provider of working capital finance and payments solutions, recently expanded its relationship with Wilson Creek Energy by originating a $15 million credit facility for the Pennsylvania-based metallurgical coal producer.

    The company will use the additional capital to expand their operations and take on new clients.

    As part of the solution, LSQ will also provide Wilson Creek with comprehensive accounts receivable and credit management to help better manage repayment risk and monitor customer health.

  • Deal Originator, Lender, and Commercial Finance Executive Ward Mooney Joins Hilco Global as Executive Vice President - Senior Advisor
    Sep 1, 2022

    Hilco Global announced today that Ward Mooney, a highly regarded deal originator, lender, and thought leader in the financial services sector, will join the Hilco Global executive leadership team on September 5, 2022. In this new role as Executive Vice President and Senior Advisor, Mr. Mooney will work closely with the Hilco Global senior management team at the holding company while collaborating with the firms operating companies as they continue to grow and expand its diversified suite of financial services solutions.

  • White Oak Deploys over $1 Billion in Lending Activity In First Half of 2022
    Aug 30, 2022

    White Oak Global Advisors, LLC, (“WOGA” or “the firm”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively “White Oak”), provided over $1 billion in loans across all platforms between January 1 and June 30, 2022. The total dollar amount accounts for the combined value of 45 separate transactions to middle and small middle market businesses across a wide array of industries, representing a highly diversified deal flow.