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  • OceanFirst Financial Corp. and Partners Bancorp Announce Merger Agreement
    November 8, 2021
    Raymond James & Associates, Inc. served as financial advisor to OceanFirst and Skadden, Arps, Slate, Meagher & Flom LLP served as OceanFirst’s legal counsel. Piper Sandler Companies served as financial advisor to Partners and Troutman Pepper Hamilton Sanders LLP served as Partners’ legal counsel.
  • Blue Ridge Bankshares and FVCBankcorp Provide Update to Proposed Merger
    November 8, 2021
    Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) ("Blue Ridge"), the parent company of Blue Ridge Bank, National Association ("Blue Ridge Bank"), and FVCBankcorp, Inc. (NASDAQ: FVCB) ("FVCB"), the parent company of FVCbank, jointly announced today an update to their previously announced business combination.
  • First Financial Bank Names David Bailey as Executive Vice President for Commercial Banking
    November 8, 2021
    First Financial Bank, N.A. has promoted David Bailey to Executive Vice President for Commercial Banking, a newly created position within the bank. The announcement was made by Scott Dueser, Chairman, President & CEO, of First Financial Bankshares, Inc., at the quarterly meeting of the presidents last week.
  • American Equity Commits $1 Billion To Monroe Capital’s Software, Technology And Recurring Revenue (“Starr”) Investment Strategy Through A Strategic Partnership
    November 8, 2021
    American Equity Investment Life Holding Company (“American Equity”) (NYSE: AEL), a leading provider of financial dignity solutions through general account annuities for individual clients in the United States and Monroe Capital LLC (“Monroe”), a premier boutique $11.2 billion asset management firm specializing in private credit, announced today a $1 billion investment in Monroe Capital’s dedicated technology lending platform focusing on middle market Software, Technology and Recurring Revenue (“STARR”) loans originated and underwritten by Monroe.
  • 36th Street Closes $14 Million Financing for Medical Services Provider
    November 8, 2021
    “The risk profile of this transaction did not fit well within the balance sheet of our bank originations partner” said Mark Horan, Chief Growth Officer. “We’re excited that we were able to work well together to meet the equipment financing needs of their client.”
  • Slowing Bankruptcy Filings Could Signal Flurry Ahead
    November 8, 2021
    With bankruptcy filings dropping across industries in the third quarter of 2021, professionals expect a wave of activity over the next year, as seen in the newest Polsinelli-TrBK Distress Indices Report. The report’s overall filing numbers are at the lowest point since the benchmark period – nearly 11 years ago.
  • Winston & Strawn Represents Goldman Sachs & Co. LLC
    November 8, 2021
    Winston & Strawn represented Goldman Sachs & Co. LLC, as underwriter’s counsel, in the SPAC IPO of 7 Acquisition Corporation. 7 Acquisition Corporation (the "Company") today announced the pricing of its initial public offering ("IPO") of 20,000,000 units at a price of $10.00 per unit.
  • Blackstone Establishes Structured Finance Group
    November 4, 2021
    Blackstone (NYSE:BX) today announced the formation of its Structured Finance Group, which brings together Blackstone Real Estate Debt Strategies (“BREDS”) and the firm’s various asset backed finance activities. Jonathan Pollack, currently the Global Head of BREDS, has been named Global Head of the Structured Finance Group. Timothy Johnson, currently the Global Head of Originations for BREDS, will become Global Head of BREDS, overseeing all commercial and residential lending activities.
  • Winston & Strawn Represents US Tiger Securities, Inc.
    November 4, 2021
    Winston & Strawn represented US Tiger Securities, Inc. as underwriter counsel in connection with Fortune Rise Acquisition Corporation’s (NASDAQ: FRLA, the "Company") initial public offering ("IPO") of 8,500,000 units at a price of $10.00 per unit. The units are expected to be listed on The NASDAQ Global Market ("NASDAQ") and trade under the ticker symbol "FRLAU" beginning on, November 03, 2021.
  • Mercury® Financial Closes on a $400 Million Committed Warehouse Facility
    November 4, 2021
    Mercury® Financial LLC (Mercury Financial), a financial inclusion technology company, today announced the closing of a new $400 million warehouse facility. This transaction increases Mercury Financial’s funding capacity as it continues to grow its customer base and drive its mission for greater financial inclusion through credit access opportunities. This is the second warehouse facility structured and closed during 2021, bringing total warehouse capacity to $650 million.
  • Vibrant Capital Partners Bolsters Team With Investment and Business Development Hires
    November 4, 2021
    Vibrant Capital Partners, Inc. (the “Firm”), a leading alternative credit investment manager, today announced that it has bolstered its Structured Credit Investment and Business Development teams with two hires as the Firm continues to expand its investing, marketing, and client service capabilities.
  • Houlihan Lokey Launches the Private Performing Credit Index, the First Index to Track Performing Private Credit Loans
    November 4, 2021
    The Index comprises an aggregate view drawn from Houlihan Lokey’s extensive dataset of private credit loan valuations. The initial representation of this dataset is an observation of all-in yield of approximately 7,000 qualifying quarterly asset valuations performed since September 30, 2017. The firm’s automated private credit valuation tool applies certain exclusion and limit rules after which the Index is computed as a weighted average yield of all qualifying private credit loans valued in a quarter.
  • CIBC Innovation Banking Supports Harbor Compliance’s Growth Plans With New Strategic Credit Facility
    November 4, 2021
    CIBC Innovation Banking is pleased to announce the funding of an acquisition credit facility for Harbor Business Compliance Corporation (d/b/a Harbor Compliance). Harbor Compliance is a technology company that empowers nonprofits and businesses with licensing, tax, and entity management solutions. Harbor utilized the new capital to finance its acquisition of Labyrinth, Inc.
  • Trinity Capital Inc. Further Expands Origination Team with Industry Veteran Phil Gager as Managing Director in the East Coast Region
    November 4, 2021
    Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "Trinity" or "Company"), a leading specialty lender providing debt and equipment financing to growth-stage companies, today announced the appointment of Phil Gager as Managing Director, Origination in Boston, Massachusetts. Gager, who has been a part of the venture ecosystem for over 20 years, joins the Trinity team to grow the company's origination efforts in the East Coast region.
  • Encina Lender Finance Fuels Continued Growth With Four New Hires
    November 4, 2021
    Encina Lender Finance, LLC (ELF) announced today the addition of Dan Avnir to its Commercial team, as Managing Director; Jessica Ernst and Jeff Karlsson to its Risk team as Portfolio Manager and Senior Associate, respectively; and Denise Richardson, to its Operations department, as Collateral Analyst.
  • Assembled Brands Announces a New Facility with High-Growth Olive Oil Brand Kosterina
    November 4, 2021
    Assembled Brands is delighted to announce its new partnership with premium olive oil brand Kosterina. The brand was founded in 2016 by Katerina Mountanos, a serial entrepreneur passionate about family, living a healthy lifestyle and all things Greek.
  • Wintrust Congratulates MoLo Solutions on Acquisition After Four Years of Partnership
    November 4, 2021
    Wintrust Bank would like to congratulate Andrew Silver, Matt Vogrich, and the rest of the team at MoLo Solutions for successfully closing the sale of the company to ArcBest® (Nasdaq: ARCB), a national leader in supply chain logistics. MoLo Solutions is a Chicago-based truckload broker founded in 2017. Since its founding, the company has consistently outpaced industry benchmarks by rapidly growing its customer base and revenue – recently ranking #1 in the Transportation & Logistics industry on the “2021 Inc. 5000 Fastest-Growing Private Companies in America.”
  • CIT Arranges $55.5 Million Financing for Home Care and Hospice Provider New Day Health Care
    November 4, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on $55.5 million in financing for New Day Healthcare. New Day Healthcare, founded by long term home care executive G. Scott Herman, partners with market-leading home health and hospice providers in the post-acute care arena to care for 7,500 patients across Missouri, Kansas, Illinois and Texas.
  • Quasar Capital Partners Appoints Sam Tork to its Advisory Board of Directors
    November 4, 2021
    Quasar Capital Partners, LLC is pleased to announce the appointment of Sam Tork to its Advisory Board of Directors. As a member of the advisory board, Sam Tork will guide with strategic priorities and serve as a senior member of Quasar Capital Partner’s credit, asset review, and strategic planning committee.
  • GameStop Secures New $500 Million ABL Facility with Improved Liquidity and Terms
    November 4, 2021
    GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into a new $500 million global asset-based revolving credit facility (“ABL Facility”) with a syndicate of banks. Wells Fargo Bank, N.A. acted as Lead Arranger and will serve as Administrative Agent.

 

 

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