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  • Establishment Labs Announces Amended Credit Facility with Oaktree
    February 22, 2024
    Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has amended its $225 million term loan facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
  • Vena Energy Secures USD 600 Million Sustainability-Linked Financing
    February 22, 2024
    Vena Energy, the leading renewable energy company in the Asia-Pacific region announced the signing of a JPY87.0 billion (approximately USD 600 million) sustainability-linked Revolving Credit Facility (RCF). The RCF is provided by ten financial institutions, including BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, ING Bank N.V., MUFG Bank, Ltd., Intesa Sanpaolo S.P.A., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., as well as two new lenders Oversea-Chinese Banking Corporation Limited, and Sumitomo Mitsui Trust Bank Limited. Crédit Agricole Corporate and Investment Bank acted as the Facility Agent and Issuing Bank.
  • ATEX Receives US$5 Million Under Credit Facility
    February 22, 2024
    ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce that it has drawn down and received the second and final installment of US$5 million in funding under its US$15 million credit agreement dated July 11, 2023 (the "Credit Agreement") entered into between the Company and a group of existing strategic shareholders led by Firelight Investments LLC, a company controlled by Pierre Lassonde (an insider of the ATEX), Beedie Investments Ltd. and Trinity Partners Capital Corporation.
  • 1847 Secures $1.0 Million Credit Facility to Address Accelerated Growth for its High Mountain Door & Trim Subsidiary
    February 22, 2024
    1847 Holdings LLC ("1847" or the "Company") (NYSE American:EFSH), a unique holding company that combines the attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has secured a $1.0 million credit facility for its High Mountain Door & Trim Inc. ("High Mountain") subsidiary.
  • Nassau Financial Group Announces Close of $250 Million in Credit Facilities
    February 22, 2024
    Nassau Financial Group (“Nassau”) announced today that it has closed on a $150 million revolving credit facility and a $100 million term loan credit facility, arranged by RBC Capital Markets.
  • Five Star Bancorp Invests in San Francisco Bay Area Expansion Strategy by Hiring five Commercial Banking Professionals and Planning Full-Service Office in San Francisco
    February 22, 2024
    Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) announced the hiring of a team of five seasoned commercial banking professionals in San Francisco to advance the Company’s expansion strategy in the San Francisco Bay Area. The Company also announced it expects to open a full-service office at 345 California Street, San Francisco, in the third quarter of 2024.
  • Morrison Foerster Welcomes Experienced Finance and Private Equity Partner Michael Vernace in San Francisco
    February 22, 2024
    Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Michael Vernace as a partner in the firm’s Finance and Private Equity Groups in the Transactions Department, based in the San Francisco office. Vernace brings to the firm 15 years of experience representing private equity funds and their portfolio companies in complex U.S. and cross-border financings, including acquisition financings and refinancings, along with other public and private companies in varying stages of their lifecycle.
  • Triumph Financial Appoints Michelle Holmes to Chief Marketing Officer
    February 22, 2024
    Triumph Financial, Inc. (the "Company") (Nasdaq: TFIN), a financial holding company focused on payments, factoring and banking, announced today the appointment of Michelle Holmes as executive vice president, chief marketing officer ("CMO").
  • Hornblower Group to Be Acquired and Receive Significant New Equity Investment
    February 22, 2024
    Hornblower Group ("Hornblower" or the "Company") today announced that it has entered into an agreement with its investors that will strengthen the Company's financial foundation and position Hornblower for a successful future. Under the terms of the agreement, funds managed by Strategic Value Partners, LLC and its affiliates (together, "SVP"), a global alternative investment firm, will acquire majority ownership of Hornblower and provide a significant equity investment in the business.
  • CohnReznick Restructuring Team Earns 2023 M&A Advisor Turnaround Award
    February 22, 2024
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has been recognized by The M&A Advisor with the Sec. 363 Sale of the Year Award ($10 MM – 50MM category) for its advisory work in the restructuring and sale of Winc, Inc., a wine club, wholesaler, and online retailer.
  • Monroe Capital Supports Equity Group Investments’ Lanter Delivery Systems
    February 22, 2024
    Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to provide continued growth financing of Lanter Delivery Systems, an existing portfolio company of Equity Group Investments, the private investment firm founded by Sam Zell.
  • ABA Report: Bank Economists Express Cautious Optimism About Credit Conditions in 2024
    February 22, 2024
    While bank economists expect credit conditions to continue to weaken compared to the extremely strong position of the last few years, their outlook for the first half of the year is notably more optimistic, according to the American Bankers Association’s latest Credit Conditions Index released today.
  • Star Mountain Capital Bolsters its Secondaries and Client Services Team Adding Warren DeKinder as a Managing Director Based in Dallas
    February 22, 2024
    Star Mountain Capital, an employee-owned, specialized private credit and secondaries investment manager with ~$4 billion in assets under management targeting systematic alpha and low market correlated returns for its clients announced that Warren DeKinder has joined as a Managing Director to focus on engaging with investors as a solutions-oriented partner on investments and potential liquidity needs through Star Mountain’s secondaries business.
  • U.S. Bank Adds New Division to Serve Private Capital Asset Managers
    February 22, 2024
    U.S. Bank today announced it has launched a new division dedicated to serving private capital firms and global asset managers. The Private Capital and Global Asset Management division brings together all parts of the bank that currently serve more than 200 private capital clients with a range of products and services, including fund custody and administration as well as lending and capital markets underwriting and distribution.
  • B. Riley Securities Advises ProSmile Holdings on its Debt Financing from BankUnited
    February 22, 2024
    B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive financial advisor to ProSmile Holdings, LLC (“ProSmile”), one of the largest and fastest growing Dental Service Organizations (“DSO”) in the Mid-Atlantic region, in its successful debt financing from BankUnited, N.A. (“BankUnited”), a Florida-based commercial bank.
  • Quantum Announces Waiver and Amendment to Term Loan and Revolving Credit Agreements
    February 21, 2024
    Quantum Corporation (NASDAQ: QMCO) (“Quantum or the “Company”) today filed a Form 8-K detailing amendments to the Company’s term loan and revolving credit agreements. These amendments, among other things, waived the covenant requirements related to financial statements prepared in accordance with GAAP for the fiscal quarter ended December 31, 2023.
  • Hyde Park Capital Facilitates Strategic FinTech Acquisition: Data Age Business Systems Joins Forces with Bravo Store Systems in Transformative Retail Tech Merger
    February 21, 2024
    Hyde Park Capital announced today that its client, Data Age Business Systems (“Data Age”), a software company focused on financial transactions solutions, has been acquired by Bravo Store Systems (“Bravo”), enterprise software solutions developer. Hyde Park Capital served as the exclusive investment banker to Data Age for this transaction. Trenam served as legal counsel to Data Age
  • Gateway Trade Funding Provides a $2,500,000 Purchase Order Facility to an Apparel Importer
    February 21, 2024
    An apparel company found itself in need of importing merchandise from China ahead of a substantial seasonal demand. With the looming Chinese New Year, they encountered both financial and time-related pressures. To expedite the process, a factoring company recommended Gateway Trade Funding as a solution.
  • Cambridge Savings Bank Leads $45M Participation Loan for Modera Wealth Management, LLC’s Transaction with Parsec Financial Management, Inc.
    February 21, 2024
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it was the lead bank in a $45 million participation loan for Modera Wealth Management, LLC (Modera)’s transaction with Parsec Financial Management, Inc (Parsec).
  • Gordon Brothers Commits New Capital to Support KidKraft’s Liquidity & Exploration of Strategic Alternatives
    February 21, 2024
    Gordon Brothers, the global asset experts, has committed new capital to support KidKraft Inc.’s liquidity and continued exploration of strategic alternatives. The U.S. wholesaler of outdoor and indoor children’s playsets will continue to service its supply chain partners as it evaluates strategic alternatives with Gordon Brothers’ financing support.
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