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  • Armory Securities, LLC Announces that Fruit of the Earth Secures new $30 Million Term Loan and $60 Million Amended Credit Facility
    January 24, 2023
    Armory Securities, LLC is pleased to announce that Fruit of the Earth has secured a new $30 million term loan and $60 million amended credit facility. Armory served as exclusive financial advisor and placement agent to Fruit of the Earth for the transaction. Fruit of the Earth, Inc. is the leading private label manufacturer of sun care and skin care related products to major mass market, drug and grocery retailers.
  • Haversine Funding Announced Closed Transactions
    January 24, 2023
    Haversine Funding announced the following recently closed transactions: $6,000,000 real estate loan participation to refinance the acquisition of an assisted living facility in the Northeast; $20,000,000 senior, lender finance line of credit to a factor and asset based lender in the Southwest including a supplemental “gap” funding line with advances up to 95% of eligible accounts and loans; $3,000,000 factoring participation to a seafood distributor on the West Coast...
  • FocalPoint is now B. Riley Securities
    January 24, 2023
    FocalPoint sent the following announcement that it is now B. Riley Securities: A year ago we announced our combination with B. Riley. Today marks the culmination of the work we have put in to strategically align our businesses and create a stronger platform for our clients and our team members. While our established leadership in M&A and private capital advisory remains the same, our teams are now enhanced by a best-in-class platform, and we are thrilled to rebrand as B. Riley Securities.
  • Keith Kirkland Joins Growth Lending to Lead Expansion Into the US Market
    January 24, 2023
    Growth Lending, a leading provider of fast, flexible, and tailored funding for growing businesses has appointed Keith Kirkland as Senior Vice President of Sales as the lender expands its operations in the US. With offices in London, across the UK, and in Cape Town, South Africa, the lender’s US operations will be based in Atlanta, Georgia.
  • Monroe Capital Supports Clarion Capital Partners’ Acquisition of Vin Di Bona Productions
    January 24, 2023
    Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Vin Di Bona Productions and V10 Entertainment (“V10”) by private equity sponsor Clarion Capital Partners.
  • Hecate Energy Secures a $550 Million Credit Facility Package, Including Five-Year Term Loan and LC Facility
    January 24, 2023
    Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit ("LC") facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities will be collateralized by Hecate Energy's ~35 GW pipeline of renewables development projects, along with its minority ownership interests in Hecate Grid.
  • Mitsubishi HC Capital America Focusing on Inventory Financing For Specialty Vehicle Manufacturers, Dealers, and Upfitters
    January 24, 2023
    Mitsubishi HC Capital America announces that the company is expanding its commercial specialty vehicle financing solutions, specifically aimed at fire and emergency vehicles, wreckers, and shuttle/transit buses. The company’s sizable lending resources and the deep expertise of its inventory finance team – led by industry veteran Gary Furnas – allows manufacturers, dealers and upfitters in the specialty vehicle market access to a trusted and flexible floorplan lender.
  • Alvarez & Marsal Continues to Build its Mass Torts Offering By Appointing Nicholas DeLuca Managing Director in the Disputes and Investigations Practice
    January 24, 2023
    Leading global professional services firm Alvarez & Marsal (A&M) announces the appointment of Nicholas DeLuca as a Managing Director in the Mass Torts practice within its Disputes and Investigations (DI) group. Mr. DeLuca specializes in the application of analytics and modeling to estimate current and future risks associated with product liability, mass toxic and mass disaster torts and Multidistrict Litigations (MDL).
  • SC&H Capital Retained in Buyer Search for Trinity Regional Hospital Sachse
    January 24, 2023
    SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to seek a buyer for Trinity Regional Hospital Sachse, LLC (“TRHS”). TRHS is a newly constructed, turnkey facility located off the President George Bush Highway in Sachse, TX, a medically underserved area considered to be one of the fastest growing communities in the Dallas area.
  • Serta Simmons Bedding Takes Decisive Actions to Strengthen Financial Position and Drive Long-Term Growth
    January 24, 2023
    Serta Simmons Bedding, LLC (“SSB” or the “company”), one of the leading global sleep companies, today announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth.
  • Alerus Adds Commercial Banking Team
    January 24, 2023
    Alerus is pleased to announce the expansion of its commercial banking team with the addition of three new employees. The industry veterans bring a combined 70 years of financial industry experience to Alerus, with extensive expertise in the commercial banking vertical.
  • EisnerAmper Announces 2022 Innovation Challenge Winners
    January 24, 2023
    EisnerAmper, a leading global business advisory firm, is pleased to announce the winners of its second annual 2022 Live Innovation Challenge, an annual competition bringing EisnerAmper professionals together to develop innovative product and service offerings that address important business issues and client challenges.
  • SFNet Submits a Letter in Response to the Consumer Finance Protection Bureau’s (“CFPB”) Request for Comments
    January 24, 2023
    SFNet has submitted a letter in response to the Consumer Finance Protection Bureau’s (“CFPB”) request for comments regarding the CFPB’s position that the recent regulations enacted by California’s Department of Financial Protection and Innovation in support of the California’s Commercial Disclosure Act.
  • SFNet Learns the Final Regulations Pertaining to CFPB Section 1071 of Dodd-Frank, Could Prove to be Unduly Burdensome
    January 24, 2023
    SFNet has learned the final regulations pertaining to CFPB Section 1071 of Dodd-Frank, which could prove to be unduly burdensome to the vast majority of small and mid-sized finance companies that provide credit to small businesses, are expected to be issued on or before March 2023. Note that while factoring was previously exempted, we remain concerned that it could change in the final regulations.
  • Jones Day’s Andy Levine, Randi Lesnick, and Vica Irani to lead Firm’s Corporate Practice
    January 24, 2023
    The global law firm Jones Day today announced that Andy Levine, Randi Lesnick, and Vica Irani will lead the Firm’s newly structured Corporate Practice. As practice leaders, they will coordinate and oversee the Firm’s transactional work worldwide, including both the Firm’s M&A and Private Equity sub-practices. These appointments, which are part of the implementation of a strategic, long-term planning process, set the stage for future growth of a transactional practice that has a two-decade record of acting on more deals than any other law firm.
  • Matthew Gurany Joins Sallyport Commercial Finance, LLC Team
    January 24, 2023
    Matthew Gurany has joined as VP of business development and brings a wealth of business banking experience with him. He has been in the banking and finance industry for 28 years with a focus on business and commercial lending
  • Aypa Power Secures $320 Million Corporate Credit Facility
    January 23, 2023
    Aypa Power ("Aypa"), a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, has closed $320 million of letter of credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as Coordinating Lead Arrangers and Joint Bookrunners. The facility will support the development and commercialization of Aypa's 15+ GW project pipeline across North America.
  • Alloy Capital Raises US$100 Million Secured Credit Facility from Victory Park Capital
    January 23, 2023
    Alloy Capital is pleased to announce that it has entered into a US$100 million senior secured credit facility (the "Facility") with Victory Park Capital ("VPC "). The Facility will enable Alloy Capital to finance the origination of structured finance loans in Mexico. Alloy Capital financing solutions target the largely untapped need for credit by companies in Mexico, offering tailored loans with flexibility in terms and repayment schedules.
  • NFI Completes Financing Agreements with the Government of Manitoba and Export Development Canada
    January 23, 2023
    FI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has finalized agreements for the previously announced financial support package of approximately $1871 million with the Manitoba Development Corporation, an entity that provides financial services and financial instruments on behalf of the Province of Manitoba, and Export Development Canada (“EDC”), Canada’s export credit agency.
  • Republic Bank Appoints Michael LaPlante as Senior Vice President, Chief Accounting Officer
    January 23, 2023
    Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today has announced the appointment of Michael LaPlante as Senior Vice President, Chief Accounting Officer, effective January 17, 2023. Mr. LaPlante will be an integral leader on the finance team overseeing the Company's accounting functions, and will report directly to Chief Financial Officer, Michael Harrington.
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