Sallyport Commercial Finance is pleased to announce the successful funding of a $500,000 accounts receivables facility for a growing oilfield services business.

Hudson’s Bay Company ULC (Hudson’s Bay or the company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced that it has commenced proceedings under the Companies’ Creditors Arrangement Act (CCAA) pursuant to an initial order for creditor protection from the Ontario Superior Court of Justice (Commercial List) (the Court). Pursuant to the Initial Order, the Court has appointed Alvarez & Marsal Canada Inc. as the monitor to oversee the CCAA proceedings.

First Citizens Bank today announced that its CIT Commercial Services subsidiary provided a $45 million non-recourse factoring facility to a sponsor-owned, technology-driven logistics services company in the Mountain States region.

CIBC Innovation Banking announced today that it has provided a growth-focused credit facility to SpryPoint Services Inc., a leading provider of software for public utilities. SpryPoint helps utilities transform customer service and operations across a cloud-native platform. SpryPoint's approach to the meter-to-cash lifecycle helps utilities go beyond routine tasks – becoming true partners in the modernization journey to create lasting impact and greater value for their clients.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Meghan Collins has joined CohnReznick's Government and Public Sector Advisory practice to lead its Florida state and local government initiatives.

Flatbay Capital secured a $2MM CRE line for a seasoned entrepreneur and national commercial real estate developer. for working capital needs.

Barclay Damon announces Mauricio Cuellar, counsel, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas. His primary office is Rochester.

A leading weather-readiness service company, focused on enterprise level fulfillment centers, needed an innovative lender who could provide seasonal flexibility and accommodate investment grade customer concentrations. InterNex Capital provided a comprehensive $9 million revolving line of credit that provided seasonal flexibility to meet demand surge during inclement weather.

Accuride Corporation ("Accuride" or the "Company") today announced the successful completion of the Company's restructuring process and emergence from Chapter 11. Accuride's restructuring process equitizes over $400 million of funded debt and restructures ~$170 million of additional obligations.

Walker & Dunlop, Inc. (the “Company”) announced today that it priced its previously announced amended and restated senior secured credit agreement. The $450 million term loan facility under the amended and restated credit agreement will initially bear interest at a rate equal to SOFR plus 2.00%.

Wolters Kluwer, a global leader in information solutions, software, and services for professionals, has named Lisa Nelson as Chief Executive Officer of its Financial & Corporate Compliance (FCC) division, effective March 31.

LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has entered into: a sixteenth amending agreement (the “Sixteenth Amending Agreement”) with Fédération des caisses Desjardins du Québec (“Desjardins”) with respect to the amended and restated financing offer dated as of April 5, 2023 (the “Desjardins Credit Facility”).

Sallyport Commercial Finance is pleased to announce the successful funding of a $500,000 accounts receivables facility for a growing Oilfield Services business. With increasing business activity and extended customer payment terms, the company faced stretched accounts payables, making it difficult to pay key suppliers on time.

M&T Bank (NYSE: MTB) has appointed Carmen Magistro as Northern Pennsylvania Regional President. Previously serving as M&T's Commercial Senior Group Manager for Northern Pennsylvania Commercial & Industrial, Magistro has assumed additional responsibilities to help strengthen M&T's presence in the community and enhance service to customers throughout the region.

O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), capped off a busy 2024 with new financing activity. O2 Sponsor Finance provided senior secured credit facilities to support Branford Castle Partners ("Branford Castle") in its acquisition of Hoffman Engineering ("Hoffman").

Womble Bond Dickinson announced today that Alidad Vakili has joined the firm’s Corporate & Securities Practice Group as a partner in San Francisco.

nFusion Capital announced it provided a $250,000 factoring facility a Veteran-Owned Security Guard Staffing Brokerage. Established in 2021, this veteran-owned security guard staffing brokerage provides services to a wide range of commercial clients, including cannabis dispensaries.

First Citizens Bank today announced that its Energy Finance business has served as lead agent on a $74 million financing of GridStor’s Hidden Lakes Reliability Project, a 220 MW / 440 MWh battery storage project in Galveston County, Texas.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the investment in Signiant, Inc. (“Signiant”) by Battery Ventures.

JOANN, the fabric and crafts retailer, has commenced store closing sales at all 790 locations nationwide. The sale offers customers significant discounts on a wide assortment of crafting, sewing, and home décor products while supplies last. Initial discounts start at up to 40% off store merchandise.