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  • Hut 8 Announces US$65 Million Amended and Restated Credit Facility with Coinbase
    January 16, 2024
    Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), one of North America’s largest, innovation-focused digital asset mining pioneers, and high performance computing infrastructure provider, announced today that, together with its subsidiary, Hut 8 Mining Corp. (the “Borrower”), it has entered into an amendment and restatement of its credit facility
  • MPearlRock Acquires nutpods, a Popular and Rapidly Growing Plant-Based Creamer Company
    January 16, 2024
    MPearlRock today announced the acquisition of nutpods, a leading brand in the better-for-you, non-dairy coffee creamer category. MPearlRock is a partnership between PearlRock Partners and MidOcean Partners, a premier New York-based alternative asset manager specializing in middle market private equity and alternative credit investments, specifically focused on identifying and backing high-growth, emerging consumer packaged goods (“CPG”) brands. Terms of the transaction were not disclosed.
  • NMEF Announces Promotions and Retirement of Joe Littier
    January 16, 2024
    North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender headquartered in Norwalk, Connecticut, announced today the promotion of four employees representing several departments across the organization.
  • Iron Horse Credit Provides a $4 Million Inventory Line of Credit to a Fleet Parts Manufacturer
    January 16, 2024
    Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $4,000,000 stand-alone inventory revolving line of credit to a fleet parts manufacturer, sister company to a forging manufacturer currently being financed by IHC.
  • Mitsubishi HC Capital Canada Signs Partnership with Global OEM to Provide FMV leasing
    January 16, 2024
    Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, announces it has signed a fair market value (FMV) lease program for a global OEM in the material handling industry.
  • Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts Across EMEA
    January 16, 2024
    -Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), and other group companies (collectively, “SMBC Group”) announced today that they have signed a memorandum of understanding to further expand their global strategic alliance to now include enhanced collaboration across Europe, the Middle East and Africa (“EMEA”) on future corporate and investment banking business opportunities.
  • Black Press Announces Corporate Restructuring and Sale Transaction
    January 16, 2024
    The Initial Order provides for, among other things, a stay of proceedings in favour of the Company, the approval of debtor-in-possession financing ("DIP Financing") to be provided by Canso Investment Counsel Ltd ("Canso"), and the appointment of KSV Restructuring Inc. as monitor of the Company (in such capacity, the "Monitor"). The Initial Order also extends the stay of proceedings to certain subsidiaries of the Company that are not petitioners in the CCAA Proceedings.
  • Cooper Wage Joins First Business Bank As Vice President – Commercial Banking
    January 16, 2024
    First Business Bank is pleased to welcome Cooper Wage to its Southeast Wisconsin office as Vice President – Commercial Banking.
  • Huntington Business Credit Closes $20 Million Credit Facility with Energy Alloys Global Solutions Americas, LLC
    January 16, 2024
    Huntington Business Credit announced it closed a $20,000,000 new credit facility with Energy Alloys Global Solutions Americas, LLC on December 8, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
  • Legacy Corporate Lending Closes 2023 with Four New ABL Investments
    January 16, 2024
    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 closing of a robust slate of asset-based lending transactions during the second half of 2023.
  • A&G Plans to Offer Eight Additional Rite Aid Store Leases and Three New Fee-Owned Properties
    January 16, 2024
    A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced plans to market for sale an additional tranche of neighborhood pharmacy leases and fee-owned properties, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
  • Uniform Manufacturer Secures $12MM in ABL Funding from eCapital
    January 16, 2024
    eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announces the recent funding of a $12MM asset-based lending facility tailored to support a US-based manufacturing company experiencing financial stress.
  • Austin Financial Services Provides $15MM ABL Facility to a Poultry Processor & Distributor
    January 16, 2024
    Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $15MM ABL facility, comprised of an AR and Inventory revolver to a Custom Poultry Processor & Distributor. The Company was seeking a lending partner who could provide greater flexibility than its current bank lender, while also understanding the unique challenges inherent to its business and their industry.
  • BizCap Further Strengthens Financial Expertise, Welcomes Jeffrey K. Scott as Managing Director
    January 16, 2024
    BizCap®, a commercial finance firm established in 2002, is thrilled to welcome Jeffrey K. Scott as Managing Director, based in Los Angeles. With an illustrious career spanning three decades in banking, finance, and advisory roles at esteemed institutions, Jeff brings unparalleled expertise and strategic vision to the BizCap team.
  • Sallyport Commercial Finance Provides $500,000 in Financing for StartUp to Accelerate Growth
    January 16, 2024
    Sallyport Commercial Finance is delighted to announce the first funding for 2024 - $500,000 in financing for a chemicals importer experiencing a common challenge for newer businesses. With no payment terms from their suppliers and extended payment terms from their customers, the client had a bottleneck in working capital preventing them fulfilling orders.
  • Culain Capital Funding Closes $250,000 for Ohio-Based Artisan Food Company
    January 16, 2024
    More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is an Ohio-based food company, which recently received a $250,000 purchase order financing and accounts receivable factoring facility through Culain.
  • Momnt and Saluda Grade Joint Venture Closes $200 Million Warehouse Facility from Macquarie Group
    January 16, 2024
    Momnt, a leading fintech company specializing in real-time lending and payment solutions for businesses, and Saluda Grade, a synergistic and vertically integrated investment platform investing in emerging asset classes within the U.S. real estate sector, have closed an asset-backed revolving warehouse facility of up to $200 million from Macquarie Group (“Macquarie”).
  • Alvarez & Marsal Announces 2024 Managing Director Promotions
    January 16, 2024
    Leading global professional services firm Alvarez & Marsal (A&M) has announced the promotion of 69 professionals, across Europe and Middle East, India, Latin America, North America, North Asia and Southeast Asia & Australia to the position of Managing Director.
  • Ares set to Close Largest Ever Direct Lending Fund
    January 16, 2024
    Ares Management is set to close the largest ever direct lending fund, which will be valued at more than €20bn (£17.2bn). The investment firm is looking to raise at least €15bn from investors, according to sources cited by Bloomberg, with additional leverage of around €5bn.
  • NXT Capital Closes Senior Credit Facility in Support of Sentinel Capital Partners’ Recapitalization of Online Labels Group
    January 16, 2024
    NXT Capital announced today that it has provided a senior credit facility to support Sentinel Capital Partners’ recapitalization of Online Labels Group. NXT Capital acted as the Administrative Agent, Joint Lead Arranger, and Joint Bookrunner on this transaction.
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