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  • Host Hotels (HST) Extends $2.5B Credit Facility, Ups Liquidity
    January 5, 2023
    Host Hotels & Resorts, Inc.​HST recently announced the amendment and restatement of its existing $2.5 billion credit facility (known as the “Agreement”) to boost liquidity position and financial flexibility. This involved the extension of the maturity from January 2025 to January 2028, inclusive of all extension options. The Agreement will continue to comprise a $1.5 billion revolving credit facility and two $500 million term loans.
  • Brightwood Capital Advisors Provides Debt Financing to Morgan Stanley Capital Partners’ Impact Fitness
    January 5, 2023
    Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it has provided debt financing to support the continued growth and expansion of Impact Fitness (“Impact” or the “Company”), a portfolio company of Morgan Stanley Capital Partners (“MSCP”).
  • Amerisource Closes $3,000,000 Working Capital Facility For Manufacturer
    January 5, 2023
    Amerisource Business Capital announced the closing and funding of a $3,000,000 working capital facility for a Maryland-based manufacturer of hermetic packages, microelectronic housings, and assemblies. The proceeds were used to support the company’s growth and working capital needs.
  • Sallyport Commercial Finance Provides $850,000 for a Project Management Business
    January 4, 2023
    In a deal that closed in 2022 for Sallyport Commercial Finance, a US project management business has been equipped with an $850,000 accounts receivable facility. Referred to Sallyport by its contact in investment banking, the company has some tremendous growth opportunities. They anticipate more than doubling their employees from 27 to 60 this year. Each employee generates revenue for the business but has to be paid before they generate any revenue for the company, and this poses an obvious cashflow challenge.
  • Crown Partners Arranges $75 Million Senior Debt Facility for HOP Energy
    January 4, 2023
    Crown Partners LP announced that HOP Energy, LLC, (“HOP”), a portfolio company of Delos Capital, has closed on a $75 million senior debt facility. Crown Partners served as exclusive financial advisor to HOP in connection with this transaction. Headquartered in White Plains, NY, HOP is a market‐leading home services provider, delivering heating distillates and performing installation and services of HVAC, heat pumps and other critical home systems.
  • MidCap Financial Closes $150mm Senior Revolving Credit Facility to Trusted
    January 4, 2023
    MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $150mm senior revolving credit facility to Trusted MidCo, LLC (“Trusted,” “Trusted Health,” or “Company”). The MidCap Financial credit facility includes an uncommitted option to increase the total facility size to up to $239mm. Proceeds from the MidCap Financial credit facility were used to refinance the Company’s prior credit facility and to provide for the business’ ongoing working capital needs.
  • eCapital Wins Bronze in 12th Annual Best in Biz Awards
    January 4, 2023
    eCapital Corp. (“eCapital”), a leading finance provider for businesses across North America and the U.K., today announced that CEO Marius Silvasan was named a Best in Biz Awards bronze winner in the Executive of the Year – Medium Companies category. The Best in Biz Awards are the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America.
  • United Capital Funding Provides $17.56 Million Facility, AR Management in Q4 2022
    January 4, 2023
    “Small businesses are the lifeblood of the U.S. economy: they create most net new jobs and drive U.S. innovation and competitiveness. As we close 2022 and start 2023, I’m incredibly pleased about our new business momentum by helping so many small businesses located throughout the country with an alternative source of financing when it’s most needed,” said Nicholas Pittas, National Sales Manager of United Capital Funding.
  • Alvarium Tiedemann Holdings Enters into New $250 Million Credit Facility
    January 4, 2023
    Alvarium Tiedemann Holdings, Inc. (NASDAQ: ALTI) (“Alvarium Tiedemann” or “AlTi” or the “Company”) announced today that it has entered into a $250 million credit facility with a syndicate led by BMO Capital Markets Corp. (“BMO”). The facility, which is comprised of a $150 million revolving credit facility and a $100 million term loan facility, will be used to pay down subsidiary debt and fund growth initiatives.
  • SkyWater Technology Expands Borrowing Capacity by Closing New $100 Million Senior Secured Revolving Credit Facility
    January 4, 2023
    -SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the signing of a new $100 million three-year senior secured revolving credit facility that expands the company’s available borrowing capacity. The new credit facility contains an accordion feature that allows the company to increase the size of the facility by up to $30 million, subject to certain conditions, for a total potential borrowing capacity of up to $130 million. The facility was jointly arranged by Siena Lending Group LLC (“Siena”) and Great Rock Capital (“Great Rock”), leading asset-based lending companies
  • FTI Consulting Announces 2023 Senior Managing Director Promotions
    January 4, 2023
    “Congratulations to our newest Senior Managing Directors,” said Steven H. Gunby, President and Chief Executive Officer of FTI Consulting. “These promotions reflect the outstanding contributions each individual has made to our clients and our firm as well as our ongoing commitment to recognize and invest in our next generation of leaders.”
  • Terry Novetsky Joins Kramer Levin as Partner in Securitization Practice
    January 4, 2023
    Terry Novetsky has joined Kramer Levin’s Securitization and Structured Finance practice as a partner. Mr. Novetsky represents financial institutions, private equity funds and specialty lenders in asset securitization, secured lending and global trade finance transactions. He comes to Kramer Levin from King & Spalding, where he was a partner, and will be based in the firm’s New York office.
  • Olympic Steel Acquires Metal-Fab, Inc.
    January 4, 2023
    Olympic Steel also announced that it has increased the size of its asset-based revolving credit facility from $475 million to $625 million. Following the $131 million acquisition of Metal-Fab, Olympic Steel’s total debt under the revolving credit facility is approximately $297 million, with availability of approximately $280 million, leaving significant capital to continue its diversification strategy through investments in additional acquisitions, new capacity and increased efficiency through automation to deliver shareholder value.
  • Runway Growth Capital Announces Senior Secured Term Loan to Vesta
    January 4, 2023
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the closing of a senior secured term loan of $25 million to Vesta, a leading global transaction guarantee platform for online purchases. The non-dilutive financing will provide Vesta with additional working capital to support growth.
  • Amerisource Closes $1,000,000 Bridge Loan for Electrical Services and Maintenance Firm
    January 4, 2023
    Amerisource Business Capital announced the closing and funding of a $1,000,000 interim bridge loan facility for a Texas-based powerline construction services and maintenance firm. The proceeds were used to provide working capital to support the company’s rapid growth.
  • Egide: The Group Enters Into a Financing Agreement with Amerisource Business Capital for its US Entities
    January 3, 2023
    Egide Group (Euronext Growth Paris™- ISIN: FR0000072373 - Mnemo: ALGID) and Amerisource Business Capital, a direct lender and capital provider to growing businesses throughout the United States and one of the largest independent finance American companies, today announced the signing of a $3M financing agreement.
  • Iron Horse Credit Provides a $3,500,000 Inventory Facility to a Cell Phone and Electronic Distributor
    January 3, 2023
    Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $3,500,000 inventory facility to a cell phone and electronic distributor the last week of December. The credit facility will provide the company with additional working capital to cover supplier payments and meet its growth projections.
  • StroudwaterGCL Completes $58 Million in Financing for Towner County Medical Center
    January 3, 2023
    StroudwaterGCL has completed $58 million in financing for Towner County Medical Center in Cando, North Dakota. The loan package, guaranteed by the U.S. Department of Agriculture (USDA), will go towards constructing a 76,000-square-foot critical access hospital and nursing home. The project will consolidate the current Towner County Medical Center and the Towner County Living Center, currently located across town from each other, significantly improving patient care and bringing critical healthcare access to rural communities throughout the region.
  • Parker, Hudson, Rainer & Dobbs LLP Announces Sarah E. Proctor and Justin P. Gunter Have Been Admitted to the Partnership
    January 3, 2023
    Parker, Hudson, Rainer & Dobbs LLP is pleased to announce commercial finance attorney Sarah E. Proctor and litigation attorney Justin P. Gunter have been admitted to the partnership as of January 1, 2023. Sarah works with healthcare lenders, banks, other financial institutions, and companies to complete a wide variety of secured lending transactions, including lender and borrower side representations in syndicated and bilateral credit facilities, first lien and second lien credit facilities, cash flow and asset-based loans, and mezzanine financing transactions. Justin represents clients in a wide range of complex litigation matters including securities litigation, antitrust litigation, insurance coverage litigation, and arbitration proceedings.
  • CytoSorbents Receives $5M in Non-Dilutive Debt Financing from Bridge Bank and Extends Loan Agreement
    January 3, 2023
    CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, announced that it has received $5 million in non-dilutive debt financing under the terms of the Fourth Amendment to its Amended and Restated Loan and Security Agreement with Bridge Bank, which provided for a term loan commitment of up to $15 million in aggregate, available for drawdown in tranches of $5 million each at the discretion of CytoSorbents and subject to certain financial requirements.
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