Canacol Energy Ltd. is pleased to announce that, on September 3, 2024, it entered into a committed 24 month US $75 million senior secured term loan facility (the “Facility”) with Macquarie Group (“Macquarie”). The initial draw on funding is expected to be US $50 million, with a further commitment of US $25 million available for a twelve month period should certain production metrics be met.

Doral Renewables LLC (“Doral Renewables”) announced the successful close of a project debt financing package to support initial construction of the remaining phases of its Mammoth Solar complex located in Northern Indiana. KeyBanc Capital Markets acted as Coordinating Lead Arranger and Administrative Agent, and HSBC and Santander Corporate & Investment Banking acted as Joint Lead Arrangers.

Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it is relocating its Dallas, Texas office operations to The Star in Frisco, Texas. The move provides greater amenities to the growing team of approximately 75 employees currently working from the firm’s office on Dallas Parkway in Dallas.

Lumio (the "Company"), a leader in personalized renewable energy, today announced that it has filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware (the "Court") to complete a value-maximizing sale process and strengthen its financial position.

Wingspire Equipment Finance, a large-ticket equipment finance company, announced the successful completion of its inaugural asset-backed securitization (ABS), WEF 2024-1. The transaction raised $201 million and was the first inaugural large-ticket equipment ABS to receive ratings from a major rating agency.

A series of online only auctions on September 10 and 24 features the Holland, MI plant of manufacturer Trendway, known for its dedication to building beautiful products that create better places for people to work and enjoy.

River City Bank welcomes two new additions to its commercial banking team. Terrell Virgil joined the Bank in August as the EVP, Chief Revenue Officer & Director of Business Development. In this newly created role at the Bank, Terrell works as a member of the executive team to develop strategies and products to grow the Bank.

Huntington Business Credit closed $18,000,000 in new credit facilities with Garick, LLC on August 9, 2024. Proceeds of the facility were used to facilitate the acquisition by the original founder, refinance existing debt, and provide ongoing working capital financing.

First Citizens Bank today announced that its Energy Finance business served as co-lead arranger on $315.7 million of financing for four battery energy storage systems in Texas. The projects, which collectively represent 730MW / 1,049MWh of capacity, are being developed by an affiliate of UBS Asset Management’s Energy Storage Investment Fund I.

Hilco Enterprise Valuation Services (HEVS), a leading provider of valuation opinions for lenders, investment firms, advisors, and corporations, is excited to announce the strategic expansion of its Dispute Advisory practice with the addition of John Kim as Managing Director and Florian Leka as Director.

Emergent BioSolutions Inc. (NYSE: EBS) today announced the closing of a new credit facility agreement with Oak Hill Advisors for a term loan of up to $250 million (the “New Term Loan”). Emergent used a portion of the proceeds of the New Term Loan to repay all amounts outstanding under the senior term loan facility under the Amended and Restated Credit Agreement, dated October 15, 2018, by and among Emergent, the lenders party thereto from time to time, and Wells Fargo Bank, National Association, as the Administrative Agent

Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the appointment of David Smith as Managing Director of Originations.

Ares Commercial Finance announced today that it has provided a $25 million senior secured revolving line of credit to Pegasus Home Fashions Inc. (“Pegasus” or the “Company”). The Company is one of the largest manufacturers and distributors of bedding products in the United States.

Commercial Credit, Inc., the parent company of Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp., has once again been named to the Business North Carolina Mid-Market Fast 40 List. This is the twelfth time being included in the list.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the majority recapitalization of Northeast Contracting Corp. (“NECC”) by RCap Equity Partners.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that, Jason Burian will succeed George Klenovich in his role as the South/West Regional Managing Partner, upon Klenovich’s retirement on January 31, 2025.

Holland & Knight has strengthened its Financial Services Team with the addition of Paul Libretta as a partner in New York. Mr. Libretta represents issuers, investors, borrowers, lenders, sellers, buyers, hedge funds, private credit funds and other financial institutions in connection with structured finance, securitizations and asset-backed lending transactions.

Horizon Technology Finance Corporation, an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced that on July 30, 2024 it provided a $35 million venture loan facility to Vesta Healthcare (aka Hometeam Technologies, Inc.), of which $25 million has been initially funded.

MidCap Business Credit LLC, announced today that it has completed a $6 million asset-based credit facility to a manufacturer and distributor of power transfer equipment located in the Northeast.