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  • Fortuna Announces Amendment to Increase Credit Facility to US$250 Million
    December 15, 2022
    Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it has amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to US$250 million. The maturity date of the credit facility remains unchanged and matures in November 2025.
  • Vida Capital Rebrands to Obra Capital
    December 15, 2022
    Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced a corporate rebranding, which includes the changing of its name to Obra Capital, Inc. (the “Company” or “Obra”), as part of the Company’s ongoing business evolution.
  • U.S. Bank Names Sekou Kaalund new Head of Branch Banking
    December 15, 2022
    Sekou Kaalund has joined U.S. Bank in a newly created role as the head of branch banking, a leadership role within Consumer & Business Banking responsible for the 2,200+ branches as well as the consumer and small business bankers spread out across 26 states. The bank’s branch and small business presence on the West Coast will expand further in 2023 upon full conversion of its acquisition of MUFG Union Bank.
  • Gordon Brothers Transforms & Sells ORSAY Brand
    December 15, 2022
    Gordon Brothers, the global advisory and investment firm, has transformed and sold the global ORSAY brand, archives, and related trademarks and other intellectual property to a private investor from the Czech Republic operating under Orsay International.
  • AmeriFactors Announces Recent Deals
    December 15, 2022
    AmeriFactors Financial Group, LLC is pleased to announce the following recent deals through their accounts receivable financing facilities: $1,600,000 to a software company located in Delaware; $200,000 to a mechanical company located in Arizona; $1,000,000 to an underground utilities company located in Texas; $1,500,00 to an energy company located in Georgia; $500,000 to a food supply company located in Nevada...
  • The ONE Group Announces Increase to Credit Facility Up to $87 Million
    December 14, 2022
    The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today announced that it has successfully amended the Company’s existing credit facility to provide an additional $50 million delayed draw senior secured term loan to its existing $25 million term loan and $12 million revolving credit facility.
  • Latest Wolters Kluwer Risk Survey Reveals Persistent Compliance Challenges for Banks
    December 14, 2022
    “Unquestionably, this year’s survey findings point to the critical role that a robust regulatory change management program—particularly one featuring an up-to-date regulatory library—plays in helping ensure compliance and addressing risk across a lending organization,” said Timothy R. Burniston, Senior Advisor for Regulatory Strategy with Wolters Kluwer Compliance Solutions.
  • KKR Releases “Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio”
    December 14, 2022
    KKR, a leading global investment firm, today announced the release of Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA) and Racim Allouani, Head of Portfolio Construction, Investment Risk Management and Quantitative Analysis at KKR. The latest Insights piece follows the publication of Regime Change: Enhancing the ‘Traditional’ Portfolio, which urged investors to reexamine the traditional 60/40 portfolio construction model in order to protect their pricing power in a new investing environment.
  • Culain Capital Funding Closes $200,000 for Lumber Millworks Company
    December 14, 2022
    Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small- and medium-sized business in the United States announces the completion of a $200,000 accounts receivable factoring facility with a new lumber millworks Company based in Arizona.
  • SG Stonegate Announces a Senior Debt Investment in Brazi Bites
    December 14, 2022
    SG Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Brazi Bites, a leading U.S. brand of Latin-inspired foods.
  • Timothy (Tim) Serritella Joins Celtic Capital Corporation as Senior Vice President-Client Development
    December 14, 2022
    Celtic Capital Corporation is pleased to announce that Timothy (Tim) Serritella has joined the firm as senior vice president-client development for the Central Midwest (Illinois, Iowa, Minnesota, Mississippi, Wisconsin). He’s been in the industry for over two decades and is firmly entrenched in the business community as an active member of the TMA, SFNet, ACG and ABI.
  • Republic Capital Access’ Multi-Party Refinancing of Medical Staffing Business Results in Big Savings
    December 14, 2022
    Republic Capital Access was introduced to a medical staffing company needing an asset-based working capital facility to finance several large awards. Complicating the company’s balance sheet were an existing SBA loan and expensive private debt.
  • Lighthouse Provides a $3,675,000 Credit Facility to North Carolina Manufacturer of Metal Tubular Products
    December 14, 2022
    Lighthouse Financial Corp. is pleased to announce the completion of a $3,675,000 credit facility to a North Carolina-based manufacturer of metal, tubular products. The company was originally set up to produce diesel injection lines and has since expanded to produce a full range of industrial products, supplying tubing solutions to some of the world's largest blue chip companies for over three decades.
  • Gordon Brothers Promotes Michael Guelfo & Samantha Findley to Managing Directors
    December 14, 2022
    Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Michael Guelfo to Managing Director, Commercial & Industrial, and Samantha Findley to Managing Director, Capital. ​ In his new role, Guelfo structures and executes large, multi-asset transactions within a broad cross section of manufacturing segments.
  • CIT Provides $27.8 Million for Acquisition of Medical Office Buildings in Wichita, Kansas
    December 14, 2022
    CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, Kansas.
  • William Blair Continues European Expansion With Opening of Madrid Office and Addition of Investment Banking in Zurich Office
    December 14, 2022
    William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that it has continued its investment banking growth in Europe with the opening of an office in Madrid and the addition of investment banking capabilities to the firm’s office in Zurich.
  • Kennedy Wilson’s Debt Platform Crosses $3B in Originations
    December 14, 2022
    Kennedy Wilson’s real estate debt investment platform surpassed $3 billion in originations in just over two years, with a strong pipeline of new origination opportunities heading into 2023. Kennedy Wilson reached the milestone ahead of business plans, driven by lending on an unlevered basis, enabling the team to stay active while many traditional institutional lenders have reduced their origination capacity.
  • Marathon Asset Management Closes Inaugural Aircraft Securitization
    December 14, 2022
    Marathon Asset Management, L.P., a global credit manager, today announced the closing of MAST 2022-1, its inaugural aircraft securitization. The transaction was privately issued and resulted in the placement of $304 million of debt backed by a pool of 15 Airbus and Boeing narrowbody aircraft, leased to ten different airlines across nine countries. The average age and lease term of the aircraft are 6.0 and 6.4 years, respectively.
  • Monroe Capital Supports ZMC’s Acquisition of Wpromote
    December 14, 2022
    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 Wpromote by private equity sponsor ZMC.
  • SunVest Solar Closes $154 Million of Debt and Tax Equity Financing for 56 MW Solar Portfolio
    December 14, 2022
    SunVest Solar LLC, a leading independent, vertically integrated solar business, is pleased to announce the closing of a $113 million debt facility led by Silicon Valley Bank, the bank of the world's most innovative companies, and $41 million of tax equity from Rockwood Group, through its partnership with Fortune 250 Guardian Life Insurance Company of America.
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