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  • Webster Promotes Jonathan W. Roberts to Lead Retail Banking and Consumer Lending
    November 5, 2020
    Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, is pleased to announce that Executive Vice President Jonathan W. Roberts has been promoted to Head of Retail Banking and Consumer Lending at Webster Bank and Webster Financial Corporation. In his role, he will oversee retail operations and the banking center network, and will lead core consumer products and services, including small business banking. Roberts will report directly to Chairman, President and CEO John R. Ciulla.
  • Udacity Signs $75M Debt Facility with Hercules Capital
    November 5, 2020
    Udacity, a Mountain View, CA-based global online learning platform educating workers for the careers of the future, signed a $75m debt facility with Hercules Capital (NYSE: HTGC). The company intends to use the funds to continue to expand operations and its business reach.
  • WSFS Bank Adds Experienced Commercial Banking Team in Philadelphia
    November 5, 2020
    WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the expansion of its Commercial Banking team in the Greater Philadelphia area as part of its strategic plan to invest in talent and build long term value. The team joining WSFS Bank is Kevin J. Beaford, Jr., Patrick Fisher, Graham R. Palusky, and Brian Quach. Fisher will lead the group, which brings more than 40 years of combined experience to WSFS. He will report directly to Steve Clark, Executive Vice President, Chief Commercial Banking Officer.
  • BlackRock Capital Investment Corporation Announces Appointments of Nik Singhal as President and Abby Miller as CFO and Treasurer
    November 5, 2020
    BlackRock Capital Investment Corporation (NASDAQ: BKCC) ("BCIC" or the "Company") announced today the appointments of Nik Singhal as President, effective November 3, 2020, and Abby Miller as Chief Financial Officer and Treasurer, to be effective as of November 9, 2020, at which time Michael Pungello, Interim Chief Financial Officer and Treasurer will step down from those posts. The Company also announced the planned retirement of Mr. Pungello from BlackRock in March 2021. Mr. Pungello will serve in an advisory role until then.
  • Hilco Redevelopment Partners Hires Real Estate Industry Professional George Needs as Vice President – Mixed Use Development
    November 5, 2020
    Mr. Needs joins the growing HRP organization and will be a vital addition to the new urban mixed-use development team. Mr. Needs will join Melissa Schrock, who was recently brought on to lead the team, and together, they will be responsible for managing several exciting projects currently underway, including L Street Station in Boston, Massachusetts and Campus Bay in San Francisco, California, among other significant projects throughout the country. He will be based on Boston, MA.
  • Sterling National Bank Provides $3,000,000 to a Staffing Solutions Firm
    November 5, 2020
    Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $3,000,000 to a staffing solutions firm located in New York, NY. The transaction was originated by Robert Mocerino, a Managing Director located in Jericho, NY.
  • Tiger Auctioning Assets From One of Canada’s Largest AV Rental Houses
    November 5, 2020
    In a three-day online auction event scheduled for November 17-19, Tiger Group will be selling gear from the recently closed Westbury National Show Systems Ltd. (“Westbury”), which had long been one of Canada’s largest full-service live event rental production companies. Westbury, which operated from an approximately 60,000-square-foot facility in metro Toronto, was placed in receivership on October 9, 2020.
  • Monroe Capital Corporation Announces Third Quarter 2020 Business Development Company Results
    November 5, 2020
    Third Quarter 2020 Financial Highlights: • Paid quarterly dividend of $0.25 per share; • Current annual cash dividend yield to shareholders of approximately 15.3%1; • Shares trading at a Price to NAV of 0.60x2; • Net Investment Income of $5.6 million, or $0.26 per share; • Adjusted Net Investment Income of $5.8 million, or $0.27 per share; and • Net increase in net assets resulting from operations of $15.2 million, or $0.71 per share
  • McCoy Global Secures New Credit Facility and Refinances Promissory Note
    November 4, 2020
    McCoy Global Inc. ("McCoy", "McCoy Global" or "the Corporation") (TSX: MCB) today announced it has secured a new US$2.5 million revolving demand facility with a Canadian chartered bank to support working capital. The facility is subject to customary disbursement conditions including the satisfactory placement of a general security agreement over the Corporation's assets and final review by Export Development Canada under its Export Guarantee Program. The Corporation has also successfully refinanced its existing US$2.4 million promissory note with a US$3.4 million term facility to extend maturity and support McCoy Global's 2020 technology development program.
  • Hilco Global Continues Support for the All Stars Project - Chicago with an Additional $50,000 Donation in 2020
    November 4, 2020
    Hilco Global (www.hilcoglobal.com), the world’s preeminent authority on asset valuation, monetization, and advisory services, announced today that it has donated an additional $50,000 to the All Stars Project in Chicago. The donation is part of an ongoing company program called Hilco Helps, Hilco Global’s philanthropic arm that supports its corporate and employee commitment to various causes, often focused on children and education. Over the years, Hilco Helps has actively worked with several Chicago-area organizations such as Youth Guidance, Cradles to Crayons, Chicago Public Schools, Chicago Public Library, Community Colleges of Chicago, and All Stars Project providing critical support to help those that need it most.
  • SB360 Capital Partners to Assist Pet Valu, Inc. With Wind Down of All U.S.-Based Stores
    November 4, 2020
    SB360 Capital Partners, a leading asset disposition specialist, has been engaged by Pet Valu, Inc., a specialty retailer of premium pet food, treats and supplies in the United States, to assist the company with the wind down of its U.S. based stores. Pet Valu, Inc. named SB360 as its exclusive consultant to operate “Store Closing” or “Total Inventory Blowout” sales in 358 stores located across 14 states. The sales begin today in all stores.
  • InterNex Capital Provides $2MM Velocity LOC to Florida-Based Food Manufacturer
    November 4, 2020
    InterNex Capital provided a $2 million velocity line of credit and a $550,000 stretch facility to a Florida-based food manufacturer that sells low carb, ready-to-eat foods through U.S. distributors and directly to consumers online.
  • Capital Finance Industry Veterans Launch New Company: Honour Capital
    November 4, 2020
    Brian Slipka, a Twin Cities-based entrepreneur and former senior vice president and head of TCF Technology Finance at TCF Capital Solutions/Winthrop Resources Corporation, a division of TCF Bank, along with Shea Huston, former regional vice president of the central and western U.S. for Winthrop, today announced the launch of a new capital finance company, Honour Capital.
  • First-Lien Recoveries Strong for Health, Food, Consumer Cos.
    November 4, 2020
    Bankrupt healthcare and food, beverage and consumer companies' relatively high reorganization multiples and stable cash flow profiles promoted mostly strong recoveries at the first-lien level, according to a new Fitch Ratings report.
  • Pemberton Appoints Scott Hamilton as Managing Director, North America
    November 4, 2020
    Pemberton, a leading European private credit asset manager, backed by UK insurer Legal & General Group PLC, today announced the latest step in its strategic expansion into the US and Canadian market with the appointment of Scott Hamilton, to the newly created role of Managing Director for North American Business Development. Scott will lead institutional client coverage and consultant relations for Pemberton’s European private debt strategies in the US and Canada.
  • Imperial Capital Expands Leveraged Finance & Alternative Credit Business with New Hires in US Sales
    November 4, 2020
    Imperial Capital, LLC (“Imperial Capital”), announced the continued expansion of its high yield & distressed credit sales team with the hiring of 3 sales professionals in the US: John Santonastaso, Colin Ives and Brent Herbst. These new sales professionals will report to Timothy Sullivan, President of Imperial Capital who has throughout 2020 steadily implemented the strategic expansion of Credit Sales & Trading with over 25 new hires globally. The hires will support a range of activities including par and distressed loan and bond trading along with alternative credit solutions in distressed and esoteric assets.
  • Service Logic Announces Acquisition by Leonard Green & Partners from Warburg Pincus
    November 3, 2020
    Service Logic, the largest independent provider of aftermarket maintenance, repair and replacement services for commercial HVAC equipment, today announced that it has been acquired by Leonard Green & Partners from Warburg Pincus. Harris Williams and Moelis served as financial advisors and Kirkland & Ellis LLP served as legal advisors to Service Logic. Latham & Watkins LLP served as legal advisors to Leonard Green & Partners. Committed debt financing for the transaction was provided by JPMorgan Chase Bank, N.A., Morgan Stanley, Antares Capital, and Crescent Capital.
  • Acreage Announces Senior Secured Term Loan Facility
    November 3, 2020
    Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF) today announced it has received initial commitments and funding from a syndicate of lenders (the “Lenders”) for a first advance of $28 million pursuant to a Senior Secured Term Loan Facility (the “Facility”). The Facility has an annual interest rate of 15% with a maturity of 48 months from closing.
  • TAB Bank Provides Diff Eyewear a $4 Million Revolving Credit Facility
    November 3, 2020
    TAB Bank is pleased to announce it has entered into a multi-year agreement with Diff Eyewear to provide a $4 million revolving credit facility. The facility was used to refinance the company’s existing senior debt and provide for the company’s ongoing working capital needs as it continues to expand the reach of its growing brand.
  • The Dixie Group Announces New Senior Credit Facility
    November 3, 2020
    The Dixie Group, Inc. (NASDAQ:DXYN) today announced the successful negotiation of a $75 million, five year, senior secured revolving credit facility with Fifth Third Bank National Association providing for borrowing based on percentages of values of the Company's accounts receivable and inventory, and secured by a first priority interest in the Company's accounts receivable and inventory. Maturing five years from the date of close, the Fifth Third facility will replace the Company's current secured credit facility with Wells Fargo Finance scheduled to mature in 2021. Availability under the new arrangement will be approximately $45 million as of October 30, 2020.