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  • Rockland Trust Provides Asset-Based Credit Facility to Yankee Spirits Inc.
    November 9, 2020
    Rockland Trust’s Asset-Based Lending Team announced today that it provided a $6 million revolving line of credit to Yankee Spirits Inc., a retailer of wine, beer, and spirits with four locations throughout Massachusetts. The company sells a wide variety of alcoholic beverages, and utilizes warehouse space at each location to purchase in larger quantities, enabling them to offer discount prices. Proceeds from the line of credit were used to refinance their existing credit facility and going forward, the line will be used to support continued growth.
  • Prestige Capital Announces $5 Million for a Leveraged Buyout
    November 9, 2020
    Prestige Capital Finance, LLC recently delivered a $5 million factoring facility to a Southeast-based company that focuses on the manufacturing and assembly of corrugated retail displays. The funds were used to acquire a smaller corrugated display company in a new market as well as ongoing working capital needs for both entities.
  • White Oak Provides $5 Million in Receivables Financing to Renewable Energy Services Company
    November 9, 2020
    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million Receivables Financing Facility to a software and program management services firm that provides renewable energy-related solutions to public and private utilities providers.
  • Gibraltar Brings Stability and Flexibility to $15MM Acquisition Financing
    November 9, 2020
    Fluctuating economic conditions, coupled with managing multiple remote teams to secure financing for a major acquisition isn’t a scenario every finance provider is equipped to handle. Kinzie Capital Partners, a Chicago-based private equity group approached Gibraltar to find a financing source for the acquisition of Chelsea Lighting, a well-known New York City-based lighting technologies and procurement specialist that has worked with prominent Fortune-500 companies.
  • CapitalPlus Funding Gives Contractors a Stable Foundation
    November 9, 2020
    October’s transactions demonstrated that CapitalPlus can respond quickly to changing economic conditions and offer a reliable funding solution. Representative transactions included: $1.5 million construction factoring facility for a civil engineering firm in Texas; $500,000 construction factoring facility for a directional drilling contractor in Oklahoma; $200,000 construction factoring facility for a Miami millwork and cabinetry company and $100,000 construction factoring facility for a security equipment installer in Indiana so they could take on multiple projects simultaneously.
  • Oxford Finance Provides $9.5 Million Credit Facility to Vitalogy Property Holdings LLC
    November 9, 2020
    Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $9.5 million senior credit facility and revolving line of credit to AB Asset Management LLC ("AB") and Vitalogy Property Holdings LLC ("Vitalogy" or "the Company"). The proceeds will be used to finance the acquisition of two skilled nursing facilities located in Wisconsin, totaling 158 SNF beds.
  • eCapital Corp. Provides $3 Million Factoring Facility to International Consumer Electronics Distributor
    November 9, 2020
    eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, today announced the company has funded a $3 million factoring facility to a distributor of consumer electronics products. The company distributes electronics for top brands including Apple, Samsung, Google, Microsoft, Sony and more, both domestically and internationally, and chose eCapital’s Commercial Finance division to help support their business growth.
  • eCapital Corp. Provides $900,000 Factoring Facility to Veteran-Owned Staffing Company
    November 9, 2020
    eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, today announced the company has provided $900,000 factoring facility to a veteran-owned temporary staffing agency that specializes in the placement of healthcare professionals for the U.S. government. The company chose eCapital’s Commercial Finance division because it required a lender that understood the government contracting business and could quickly scale according to its contract demands.
  • Walker & Dunlop Investment Partners Expands Capital Formation Team with New Director
    November 9, 2020
    Walker & Dunlop, Inc. announced today that Walker & Dunlop Investment Partners, Inc. (WDIP), the company's wholly-owned alternative investment manager focused on middle-market commercial real estate investments, has hired Michael Link as Director on WDIP's Capital Formation team. Mr. Link will be based out of the firm's Denver, Colorado headquarters and will be responsible for marketing and fundraising efforts as WDIP continues to build a diversified suite of private equity and debt strategies.
  • Varagon Capital Partners Supports Morgan Stanley Capital Partners’ Acquisition of US HealthConnect
    November 9, 2020
    Varagon Capital Partners (Varagon) today announced it is serving as Administrative Agent, Joint Lead Arranger and Bookrunner on a senior secured credit facility to support the acquisition of US HealthConnect (USHC) by investment funds managed by Morgan Stanley Capital Partners (MSCP).
  • Kane Biotech Enters into Credit Facility with Pivot Financial
    November 9, 2020
    Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) (“Kane Biotech”) today announced that it has entered into a one year credit agreement (the “Credit Agreement”) with Pivot Financial Inc. (“Pivot”) for a non-revolving term loan in the aggregate amount of $1,480,000.00 (the “Credit Facility”).
  • Solar Capital Ltd. Acquires Kingsbridge Holdings LLC; Expands Specialty Finance Platform
    November 9, 2020
    Solar Capital Ltd. (NASDAQ: SLRC) (the “Company” or “Solar Capital”) announced that on November 3, 2020, it acquired a majority stake in Kingsbridge Holdings LLC ("Kingsbridge") from TZP Capital Partners II, LP and its affiliates and the Kingsbridge management team. Kingsbridge, based in Lake Forest, Illinois, is a leading independent lessor of information technology, industrial, healthcare, and commercial essential-use equipment to a diverse set of high credit quality customers. With the acquisition, Solar Capital will have invested approximately $216 million, in a combination of approximately $136 million of equity and $80 million of debt, to acquire 87.5% of Kingsbridge in partnership with the Kingsbridge management team which is rolling a portion of their equity ownership as part of the transaction.
  • Epizyme Announces Expanded Loan Facility with Pharmakon Advisors for Additional $150 Million to Fund its Growth Initiatives
    November 9, 2020
    Epizyme, (Nasdaq: EPZM), a fully integrated, commercial-stage biopharmaceutical company developing and delivering novel epigenetic therapies, today announced that the company has entered into an amended and restated agreement with funds managed by Pharmakon Advisors, LP, an affiliate of Royalty Pharma, to expand its loan facility and plans to draw down $150 million. Epizyme and Pharmakon Advisors originally executed their agreement in November 2019, in conjunction with the company’s funding agreement with Royalty Pharma.
  • Core Molding Technologies Reports Significant Increase In Third Quarter 2020 Earnings And A New Credit Facility
    November 9, 2020
    On October 27, 2020, the Company closed a new credit facility with Wells Fargo Bank and FGI Equipment Finance, LLC. The new credit facility is a combination of $31.7 million of new term loan capacity and $25.0 million of revolving loan capacity. Upon closing the new credit facility, the Company borrowed $30.0 million of term loans and $8.7 million of revolving credit loans to repay its existing credit facility and pay transaction fees.
  • Franklin Capital Announces Participation in the SFNet 76th Annual Convention
    November 9, 2020
    Franklin Capital, a leading finance company, dedicated to helping small to medium-sized businesses meet their cash flow needs, is pleased to announce our participation in the SFNet’s 76th Annual Convention, the largest gathering of secured finance professionals, November 17-19, 2020.
  • Hertz Global Holdings Secures A $4 Billion Commitment For Fleet Financing To Support A Refreshed And Robust Vehicle Fleet
    November 5, 2020
    Hertz Global Holdings, Inc. ("Hertz" or "The Company") (OTCPK: HTZGQ) today announced that it has secured commitments for fleet financing totaling $4 billion and has filed a motion for approval of The Hertz Corporation entering into the documentation for the financing by the U.S. Bankruptcy Court for the District of Delaware. Upon approval, and together with the up to $1 billion of Hertz's debtor-in-possession financing that may be used for equity in the fleet financing subsidiary, Hertz will have access to up to $5 billion in total funding to support its fleet financing needs. Moelis & Co. is serving as investment banker, FTI Consulting is serving as Hertz's financial advisor and White & Case LLP is serving as Hertz's legal advisor.
  • Main Street Announces Increase in Commitments Under its Credit Facility Total Commitments Increased to $780 Million
    November 5, 2020
    Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the expansion of total commitments under its revolving credit facility (the "Credit Facility") from $740.0 million to $780.0 million. The $40.0 million net increase in total commitments was the result of the addition of a new lender relationship, which further diversifies the Main Street lending group under the Credit Facility to a total of nineteen participants. The recent increase in total commitments was executed under the accordion feature of the Credit Facility, which allows for an increase up to $800.0 million in total commitments under the facility from new and existing lenders on the same terms and conditions as the existing commitments.
  • Crestmark Provides More Than $23.3 Million in Commercial Financing to 84 Businesses in the Second Half of October
    November 5, 2020
    Crestmark secured a total of $11,018,800 in ABL financial solutions for seven new clients; Crestmark Equipment Finance provided $3,759,627 in two new lease transactions; Crestmark Vendor Finance provided $6,249,333 in 73 new transactions; the Government Guaranteed Lending group provided $2,420,000 in financing for two new clients in the second half of October.
  • Moritt Hock Ranked Best Law Firm By U.S. News & World Report Best Lawyers
    November 5, 2020
    U.S. News & World Report and Best Lawyers®, for the eleventh consecutive year, announce the "Best Law Firms" rankings. Moritt Hock & Hamroff has been ranked in the 2021 U.S. News - Best Lawyers® "Best Law Firms" list nationally in 1 practice area and regionally in 1 practice area.
  • B. Riley Advisory Services Opens Office in Mexico
    November 5, 2020
    B. Riley Advisory Services, a specialty financial advisory services firm and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), today announced the opening of an office in Mexico. B. Riley Advisory Services de Mexico. S. de R.L. ("B. Riley Advisory Services de Mexico") will be led by Gaston Mauvezin, a seasoned executive with 20+ years of leadership experience at firms in the Automotive, Financial Services, Real Estate, Agribusiness, Industrial and Consumer markets in Argentina, Brazil and Mexico.