TEAM entered into a commitment letter (the “Corre Commitment Letter”) with Corre Management Partners, LLC (“Corre”) for a new $57.5 million, 12% senior secured first lien term loan maturing in December 2026 and comprised of a $37.5 million term loan tranche and a $20 million delayed draw term loan tranche (the “Corre Secured Term Loan”), subject to certain closing conditions.

Metropolitan Commercial Bank (the “Bank”), a New York City-based full-service commercial bank, announced today the appointment of Anthony Ter-Gevondyan as Vice President, Commercial Lending Officer.

Northern Trust has appointed Patrick Cowan Chief Banking Officer for the West Region, where he will lead the strategic direction and execution of the banking business to accelerate growth in the region.

Demonstrating A&M’s commitment to customized digitization that automates tactical processes and amplifies value creation opportunities, A&M Taxand has hired Matthew Roche as a Managing Director with the Digital Tax Services team.

he Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for April was $9.7 billion, down 8 percent year-over-year from new business volume in April 2022.

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has successfully upsized its senior secured asset-based revolving credit facility (“ABL Credit Facility”) from US$250 million to US$300 million and extended the term of the ABL Credit Facility to May, 2028.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that portfolio company, The Service Companies (“TSC”), a premier service provider to the hospitality, gaming, healthcare, education, and corporate catering industries, has named Brian Coyne as Chief Executive Officer.

Akin has advised an ad hoc group of first lien creditors of Talen Energy, one of the largest competitive power generation and infrastructure companies in North America, as Talen announced the completion of its strategic restructuring transactions. The chapter 11 reorganization plan includes the full repayment of $848 million owed to the first lien creditors, as well as the payment of an agreed-upon make-whole premium and postpetition interest. The plan also contemplates a $1.4 billion common equity rights offering, a $1.2 billion private offering of senior secured notes, a $700 million revolving credit facility, a $580 million Term Loan B credit facility, a $470 million Term Loan C credit facility and a $75 million bilateral line of credit.

Wildpack Beverage Inc. (TSXV:CANS)(OTC PINK:WLDPF) ("Wildpack" or the"Company") today announces that it has entered into an amended and restated loan agreement (the "A&R Loan Agreement") with Sandton Credit Solutions Master Fund V, LP (the "Lender"), an affiliate of Sandton Capital Partners, L.P. ("Sandton"), via each of its wholly-owned subsidiaries, Thirsty Cat, LLC, Hungry Hippo Company, Wildpack Holdings U.S. Inc., K.T. Murray Corporation, CraftPac LLC, Wild Leaf Holdings U.S. LLC, Vertical Distilling LLC and Wild Leaf Ventures Group Nevada Inc., as borrowers (collectively, the "Borrower"), pursuant to which the Lender will advance to the Borrower a non-revolving term credit facility in the principal amount of USD$25,000,000 (the "Loan"). The A&R Loan Agreement fully amends and restates the loan agreement among the Lender and the Borrower as described in the Company's news release dated April 19, 2023 (the "Original Loan Agreement"), and the principal amount of the Loan includes the USD$12,500,000 advanced to the Borrower pursuant to the Original Loan Agreement. The Loan is convertible into approximately 49% of the equity of Thirsty Cat, LLC ("Thirsty Cat"), as more particularly described below.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of John P. O’Gorman, Senior Vice President, Head of Special Assets at Peapack-Gladstone Bank. Working out of the Bank’s Headquarters in Bedminster, New Jersey, Mr. O’Gorman’s primary role includes managing various workout situations and processes for the Bank. Responsibilities also include managing the workout portfolio, recommending risk rating changes and impairment levels to executive management, negotiating with borrowers, developing workout strategies, assisting with policy and procedure updates and other credit-related matters.

Law firm Davis Polk & Wardwell said Monday that it has hired two corporate partners away from Latham & Watkins in New York, including one who will help establish a new infrastructure finance practice group at the firm.

BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with CodeScience, an independent software development and services vendor specializing in developing bespoke, top-performing Salesforce applications and enterprise solutions since 2008.

Lifecore Biomedical, Inc. (“Lifecore” or the “Company” Nasdaq: LFCR), a fully integrated contract development and manufacturing organization (“CDMO”), today announced that it has entered into a broad set of agreements with its long-term customer, Alcon (SIX/NYSE: ALC), which provides for the repayment of the Company’s existing credit agreement with its current lenders and substantially increases the amount of hyaluronic acid (“HA”) that Lifecore is expected to supply for use in Alcon’s commercial products.

SG Credit Partners, through its SG Consumer Products division, is thrilled to announce its partnership with The Good Crisp Company, a dynamic brand of better-for-you snacks that deliver in taste without guilt.

The Cosine Group (“Cosine”), an affiliate of Armory Securities, LLC, is pleased to announce that JPG Plumbing & Mechanical Services, Inc. (“JPG”) has been acquired by Exigent, a portfolio Company of Huron Capital. This strategic partnership will support the Company’s continued growth trajectory and ongoing service line expansion. The transaction closed in March 2023 and Cosine served as exclusive M&A advisor.

Winsight, a B2B information provider in the foodservice and allied retail industries, will combine with London-based Informa, a publicly traded global events, digital products and academic services firm. Informa acquired Winsight from HPS Investment Partners and the combination with Informa’s existing B2B foodservice portfolio establishes a B2B business.

Contango ORE entered into a credit and guaranty agreement with ING Capital and Macquarie Bank for a senior secured loan facility of up to $70 million, of which $65 million is committed and subject to certain conditions, to fund a portion of the pre-production construction and working capital/operating expenditures for the Manh Choh gold project in Alaska, which is owned and operated by Peak Gold.

Clarus Capital completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. The financing proceeds will support the installation of new production equipment across multiple facilities.

Mid Penn Bancorp completed its acquisition of Brunswick Bancorp., with Brunswick’s banking subsidiary, Brunswick Bank & Trust, merging with and into Mid Penn’s subsidiary bank, Mid Penn Bank. The combined stock and cash transaction was valued at approximately $43.7 million and will extend Mid Penn’s footprint into Middlesex and Monmouth counties in central New Jersey. The consolidated assets of the combined company are valued at approximately $5 billion.

KKR named Dan Pietrzak global head of private credit. Most recently, Pietrzak served as co-head of private credit with Matthieu Boulanger, who is leaving KKR to pursue other opportunities.