PNC Bank, National Association, announced today the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.
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Electrovaya Closes Credit Facility Agreement to Finance Customer Purchase Orders
August 21, 2019The facility will support fulfilment of Electrovaya's customer purchase orders and working capital needs.
Paragon Financial Group Expands Team with Two New Hires
August 21, 2019Paragon Financial Group, Inc., an Asset Based Lending company specializing in No-Credit Risk Accounts Receivable Factoring and Purchase Order Funding, announced today the addition of Kalli Perez and Ernesto Moran to the team at Paragon Financial.
David Wilsdorf Joins Old National Bank as St. Louis Region Market President
August 20, 2019He assumes responsibility for establishing and expanding the Old National Bank brand with a full-service commercial banking presence in St. Louis.
Goodwin Life Sciences and Technology Practices Expand with Capital Markets Partner Ben Marsh in New York
August 20, 2019Marsh advises U.S. and international issuers and underwriters on a broad range of transactions, including in the life sciences and technology industries.
Mayer Brown Partner Jon Van Gorp Appointed Chair of Bottom Line’s Chicago Regional Advisory Board
August 20, 2019A member of the firm’s Management Committee, Mr. Van Gorp has practiced structured finance law at Mayer Brown for over 20 years.
CCG Equipment Finance Ltd. Hires Anthony Zambon to Lead Canadian Origination Team
August 20, 2019Twenty-five-year equipment financing veteran, Anthony Zambon, will lead CCG Equipment Finance Ltd. to expand operations in Canada.
CIT Names Philip Robbins as President of Asset Management and Capital Markets
August 20, 2019CIT Group Inc. (NYSE: CIT) today announced that Philip Robbins has joined the company as the president of Asset Management and Capital Markets. In this role, he will manage the capital markets portfolio of products, the syndicated loan group and CIT’s asset management activities.
White Oak Healthcare Finance Provides Growth Capital Financing to CareMax Medical Group for Expansionary Acquisition
August 20, 2019White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lead arranger on the funding of a senior credit facility to finance the acquisition of New Life Health Group (“New Life”) by CareMax Medical Group (“CareMax”).
Jeremy Harrison Appointed new Head of Sales for ABN AMRO Commercial Finance (‘ACF’) UKB
August 20, 2019He will lead an origination team with a focus on providing flexible funding solutions to mid-market, corporate and international businesses with financing needs across the UK and Europe.
TAB Bank Announces Funding of a Petroleum Company in Texas
August 20, 2019The company is a wholesale supplier and distributor of petroleum products, petrochemicals, and renewable fuels.
Oxford Finance LLC Provides $7.5M Term Loan to MolecuLight® to Support Global Commercial Expansion
August 19, 2019MolecuLight Inc., the world's leader in handheld fluorescence imaging for real-time visualization of bacteria for chronic wounds, announced it has secured a $7.5 million USD term loan from Oxford Finance LLC, a specialty finance firm providing senior debt to life sciences and healthcare services companies worldwide.
Grant Thornton adds David Weir to Public Sector Healthcare Practice
August 19, 2019David B. Weir, Jr. has joined Grant Thornton LLP’s Public Sector Healthcare practice as a managing director. In this role, he is responsible for supporting Grant Thornton clients at the U.S. Department of Health and Human Services and across the public sector healthcare space.
Capital One Arranges Senior Secured Credit Facility for Canadian Biotechnology Company
August 19, 2019Capital One announced today that it acted as a joint lead arranger for a senior secured credit facility for STEMCELL Technologies, a Canada-based biotechnology and life science company. The financing consists of a revolving line of credit and a senior term loan.
Crescent European Specialty Lending Announces Unitranche Financing for Hanson Wade Acquisition by Graphite Capital
August 19, 2019Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of Hanson Wade by U.K.-based private equity firm Graphite Capital. Terms of the transaction were not disclosed.
Georgia Community Banks Have Cleared Regulatory Hurdles for Merger
August 19, 2019CCF Holding Company (OTCQX: CCFH) (CCF), Heritage Bancorporation, Inc. (HBI) and Providence Bank (Providence) jointly announced today that they have received regulatory approvals for their merger of equals as well as shareholder approval from each of the three organizations.
Richard Merino Joins Ankura as Senior Managing Director
August 19, 201920-Year veteran deepens and expands Ankura's healthcare disputes, compliance, investigation and advisory offerings
Loot Crate Agrees to be Acquired, Company Receives Commitment for New Financing
August 19, 2019Loot Crate received a commitment for up to $10 million in new financing from Money Chest LLC, an investor in the company. These funds coupled with ongoing revenue from subscriptions will be used to maintain normal operations.
Moritt Hock & Hamroff Welcomes New Partner Danielle J. Marlow
August 19, 2019The law firm of Moritt Hock & Hamroff with offices on Long Island and in New York City has announced that Danielle J. Marlow has joined the firm as a Partner in its Ligation practice group. Ms. Marlow resides in the firm's Garden City office.
Marc Sullivan, CFA, Joins Phoenix Management Services®
August 19, 2019Phoenix Management Services®, a leading provider of sustainable, operationally focused solutions for middle market companies in transition, is pleased to announce the appointment of Marc Sullivan, CFA, as a Managing Director in the firm’s Atlanta, GA office.
Gramercy Funds Management Appoints Business Development Global Head
August 19, 2019Gramercy Funds Management has named Jeffrey D. Sharon as global head of business development. Prior to joining Gramercy, Sharon worked at OFI Global Asset Management, an OppenheimerFunds Company.
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