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  • Pathlight Capital Closes Second ABL Credit Fund with $1.16 Billion of Commitments
    November 9, 2021
    Pathlight Capital LP ("Pathlight") announced today the final closing of its sophomore funds, Pathlight Capital Fund II LP and Pathlight Capital Offshore Fund II, LP (together, the "Fund"), with $1.16 billion of capital commitments. The Fund was oversubscribed, closing above its original fundraising target of $750 million to $1 billion. Wilmer Cutler Pickering Hale and Dorr LLP provided legal counsel.
  • Nicholas Financial Enters into a New $175 Million Senior Secured Credit Facility
    November 8, 2021
    Nicholas Financial, Inc. (NASDAQ: NICK) – an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer – announced that on November 5, 2021 the company entered into a senior secured credit facility pursuant to a loan and security agreement with Wells Fargo Bank, N.A., as agent, and the lenders that are party thereto.
  • CIT Arranges Up to $58 Million to Refinance Four Container Ships
    November 8, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.
  • DCM Announces Credit Facility Refinancing, Expected to Deliver $1.5 million of Interest Expense Savings in 2022
    November 8, 2021
    -DATA Communications Management Corp. (TSX: DCM) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, is pleased to announce the refinancing of certain of its credit facilities. The proceeds from new term loans will be used to repay a portion of the Company’s outstanding indebtedness.
  • EMERGE Announces Refinancing of Term Loan and Upsizing of Credit Facility to $25 Million
    November 8, 2021
    EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), a diversified, rapidly growing acquirer and operator of niche e-commerce brands, is pleased to announce the refinancing of its $8 million term loan, and upsizing of its credit facility providing for a total facility limit of $25 million (the "Facility") with primary use of funds expected to be future acquisition financing.
  • Lakeland Bancorp, Inc. and 1st Constitution Bancorp Announce the Receipt of FDIC and New Jersey Approvals in Connection with Proposed Merger
    November 8, 2021
    Lakeland Bancorp, Inc. (“Lakeland”) (NASDAQ: LBAI), the parent company of Lakeland Bank, and 1st Constitution Bancorp (“1st Constitution”) (NASDAQ: FCCY), the parent company of 1st Constitution Bank, announced today the receipt of Federal Deposit Insurance Corporation and New Jersey Department of Banking and Insurance approval in connection with the proposed merger of 1st Constitution with and into Lakeland.
  • First Internet Bank Expands Arizona Commercial Banking Team
    November 8, 2021
    irst Internet Bank announced the hiring of Vice President of Commercial Banking, Ryan Hasher. Mr. Hasher joins First Internet Bank’s Arizona-based commercial banking team, reporting to Regional Vice President Neil Barna.
  • FTI Consulting Commits to Net-Zero Greenhouse Gas Emissions by 2030
    November 8, 2021
    The Company will identify emission reduction targets for Scope 1 and Scope 2 emissions, as well as business travel, in 2022 and intends to work toward having these goals validated by the Science Based Targets initiative (“SBTi”). The commitment was made as part of FTI Consulting’s inaugural Corporate Sustainability Report, which explains the Company’s approach to its environmental, social and governance (“ESG”) risks and opportunities, programs, policies, practices and goals.
  • GeminiBio Secures Financing from BroadOak Capital Partners
    November 8, 2021
    Gemini Bioproducts, LLC ("GeminiBio"), a leading manufacturer of cell culture products and custom cGMP bioprocess liquids, announced today that it has secured financing from BroadOak Capital Partners, LLC ("BroadOak"), a boutique direct investment and advisory firm focused on life science research tools and diagnostics. The transaction with BroadOak provides GeminiBio additional capital to expand its cGMP liquid manufacturing facility.
  • Amerisource Closes $10,000,000 Credit Facility for Water Services Firm
    November 8, 2021
    Amerisource Business Capital announced the closing and funding of a $10,000,000 senior credit facility and real estate term loan for a Texas based water infrastructure, treatment and recycling firm. The proceeds were used to help fund an acquisition and to support their ongoing working capital needs.
  • BHI Commercial and Industrial Group Closes $1.1 Billion in 2021 Financing Transactions
    November 8, 2021
    BHI, a full-service commercial bank, announced that its Commercial and Industrial Group has closed $1.1 billion in transactions year-to-date 2021. BHI’s C&I Group handles financing for commercial and industrial companies in the middle market and encompasses sectors including private equity, food and beverage, Israeli business, technology, corporate banking, and project finance renewable energy across the bank’s markets in New York, New Jersey, Florida and California.
  • Moritt Hock & Hamroff Included In U.S. News & World Report –Best Lawyers® 'Best Law Firms' 2022 Edition
    November 8, 2021
    Moritt Hock & Hamroff has been ranked as a Tier 1 in the 2022 U.S. News & World Report - Best Lawyers® "Best Law Firms" list nationally in 1 practice area and regionally in 4 practice areas.
  • TradeCap Partners Provides $10 million PO Funding Solution for Midwest Steel Distributor
    November 8, 2021
    TradeCap Partners recently closed a $10 million PO funding solution for a Midwest based distributor of rolled steel. The trade finance solution allowed the Company to capitalize on significant customer demand brought on by lack of supply and limited allocation from US steel mills.
  • Sallyport Announces $1.6 Million in Financing for Canadian Manufacturer
    November 8, 2021
    Sallyport is excited to announce a $1,600,000 accounts receivable facility for a growing Canadian manufacturer in the agricultural space. The client was referred to Sallyport by a broker, and although there were other providers vying for the business, the client ultimately favored Sallyport’s responsiveness and flexible approach to finding a solution that worked for them.
  • Wolters Kluwer Compliance Solutions Announces Hires
    November 8, 2021
    Shane Martin has joined Wolters Kluwer Compliance Solutions as Digital Mortgage Sales Director, responsible for the growth of the company’s end-to-end digital lending platform. Wolters Kluwer Compliance Solutions has named Jennifer “Jenn” Reid Digital Lending Sales Director to advance awareness of Wolters Kluwer end-to-end digital lending capabilities—delivered through its eOriginal open platform—to financial institutions in the mortgage, auto, consumer and commercial lending markets.
  • Farm Bureau Bank Hires Gary Armstrong as Chief Commercial Banking Officer, Focuses on Expanding Commercial Banking
    November 8, 2021
    Farm Bureau Bank is announcing the addition of Gary Armstrong as the Chief Commercial Banking Officer. In this role, Armstrong will focus on enhancing and expanding the Bank's Commercial Banking platform.
  • NewLake Capital Partners Provides $30 Million to Hero Diversified Associates, Inc.
    November 8, 2021
    ewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced it has provided a nine-month senior secured loan to Hero Diversified Associates, Inc. (“HDAI”), which owns a state-licensed grower and processor of medical marijuana in Pennsylvania.
  • Viracta Therapeutics Secures $50 Million Credit Facility from Silicon Valley Bank and Oxford Finance
    November 8, 2021
    Viracta Therapeutics, Inc. (Nasdaq: VIRX), a precision oncology company primarily focused on targeting virus-associated malignancies, today announced that the Company has entered into a loan and security agreement with Silicon Valley Bank (SVB) and Oxford Finance LLC (Oxford) for up to $50.0 million. In connection with the $50.0 million credit facility, the Company and SVB agreed to terminate the Company's prior $15.0 million loan and security agreement and the existing $5.0 million debt balance was refinanced.
  • J D Factors Announces Factoring Facilities
    November 8, 2021
    J D Factors announced it provided the following factoring facilities: $175,000 to a transportation company in Illinois; $300,000 to a transportation company in Oklahoma; $75,000 to a staffing company in Quebec.
  • Houlihan Lokey Expands Its Chemicals Coverage Capabilities With Senior Hire
    November 8, 2021
    Houlihan Lokey (NYSE:HLI), the global investment bank, announced that David Schneider has joined the firm as a Managing Director in the Industrials Group. He is based in New York and will bolster Houlihan Lokey’s coverage of the chemicals sector.

 

 

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