BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced it has entered into an agreement with Lendbuzz—an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle—to upsize the existing $20 million facility announced in March 2023 to now encompass a $50 million revolving line of credit.

Valley Bank on Thursday said it hired Juan Santana to fill the role of first vice president, corporate banking, and relationship manager for New Jersey and Rockland County.

Embracer Group AB (“Embracer”) has secured a new EUR 600 million revolving credit facility with a two-year tenor, with an option to extend for an additional year. The new facility replaces Embracer’s remaining SEK 4.8 billion (approximately EUR 420 million) revolving credit facility, which matures in May 2025.

Russel Metals Inc. (TSX: RUS) announces that it has renewed and extended its credit facility with a syndicate of banks led by RBC Capital Markets. The new credit facility has total availability of $600 million and is comprised of: (i) a $400 million revolving credit facility with a maturity of July 2028; (ii) a $50 million letters of credit facility with a maturity of July 2028; and (iii) a $150 million revolving credit facility with a maturity of July 2026.

The NFIB Small Business Optimism Index reached the highest reading of the year in June at 91.5, a one-point increase from last month. The last time the index was higher was in December of 2023 when it reached 91.9. Even so, this marks the 30th month below the historical average of 98. Inflation is still the top small business issue, with 21% of owners reporting it as their single most important problem in operating their business, down one point from May.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced it has amended and expanded its revolving line of credit and refinanced its term loan. The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company.

Calvert Impact today announced the launch of Access by Calvert Impact, a national public-private partnership to support small businesses, with the closing of an $140 million warehouse credit facility from the Urban Investment Group (UIG) at Goldman Sachs Alternatives.

Edge Capital Lending, LLC (“Edge”), a national disruptor in the non-bank asset-based lending market, is pleased to announce the appointment of Dmitri Beregovski as Chief Financial Officer (CFO). Additionally, Edge is excited to welcome Mantika Gardner and Marilyn Barnes as Collateral Analysts to support the company's expanding portfolio.

Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) —announced today the continued expansion of its Fixed Income Division with the addition of 10 more High Yield and Distressed Debt Team members.

Based on a referral from a well-known California CPA firm, a rapidly expanding apparel manufacturer has chosen Republic Business Credit as its preferred factoring partner. Facing imminent deadlines for spring shipments, the LA-based clothing manufacturer sought a dynamic financing solution capable of scaling with its accelerated growth.

eCapital Corp. ("eCapital"), a leading tech-enabled finance provider for middle-market businesses in North America and the U.K., announces the appointment of Peter Dahill as Chief Financial Officer (CFO). This strategic move demonstrates eCapital’s commitment to bolstering its executive team and advancing its fintech roadmap while ensuring seamless leadership succession.

The Company has also entered into a debtor-in-possession financing agreement (the "DIP Financing") with Wells Fargo Capital Finance Corporation Canada to fund operations and restructuring efforts, including the CCAA proceedings, implementation of the SISP and any Transaction arising from the SISP.

Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has extended its $15 million revolving credit facility with The Huntington National Bank for another three years with a one-year extension option available thereafter.

Elme Communities (NYSE: ELME), a multifamily owner and operator, announced today that it has entered into a new $500 million credit facility to replace the prior revolving credit facility which had been due to mature in August 2025.

TD Bank, America’s Most Convenient Bank®, announced it has appointed Steve Moroney as its Commercial Market President for Connecticut and Rhode Island. Moroney is based in New Haven, Connecticut.

Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $300 million syndicated revolving credit facility (the “Facility”) led by Macquarie Group (“Macquarie”). Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was well oversubscribed.

Star Mountain Capital, LLC (“Star Mountain”), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 6/30/2024) focused on generating defensive and premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.

ABN AMRO has appointed Barbara Stam as CEO of ABN AMRO Asset Based Finance (ABF), the company said in a statement. Stam’s background, experience, and career achievements mean she is well-positioned to lead ABF into the future.

BRG today announced that Jeff Stern has joined the firm as a managing director in its Corporate Finance practice based in the New York City office, further expanding the firm’s lender advisory and turnaround and restructuring services.

A Tiger Group auction on July 23 features late-model, state-of-the-art equipment that is excess to the ongoing operations of a renewable energy technology company.