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  • U.S. Bank to Offer CLO Clients Tailored Portfolio Optimization Capabilities for More Streamlined and Effective Trade Structuring
    March 1, 2023
    U.S. Bank announced today that it has added portfolio optimization capabilities to its Pivot client platform, giving collateralized loan obligation (CLO) clients comprehensive insights for faster and more effective trading. Using a set of criteria selected by the client, Pivot Portfolio Optimization sorts through tens of thousands of potential portfolio combinations to identify a combination of investments that best advance the client’s stated objective – typically, maximizing the weighted average spread of the CLO.
  • Getzler Henrich & Associates Names Robert Gorin Leader of Consumer Products Practice
    March 1, 2023
    Robert Gorin has been named the Consumer Products Practice Leader of Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and respected middle-market corporate restructurings and operations improvement firms. A Managing Director at Getzler Henrich since 2014, Mr. Gorin has more than 30 years of client-centric focus to business strategy and operations through his work in corporate turnarounds, process design and improvement, corporate mergers and acquisitions, and management consulting.
  • Carnival Corporation & plc Announces Arrangement of New Forward Starting $2.1 Billion Revolving Credit Facility
    March 1, 2023
    Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) (the "Company") today announced that it has successfully arranged a new forward starting $2.1 billion multi-currency revolving credit facility (the "New Revolver"). The New Revolver will replace Carnival Corporation's existing multi-currency revolving credit facility (the "Existing Revolver") upon its maturity in August 2024.
  • Chicago Atlantic Real Estate Finance Amends its Revolving Credit Facility to Extend Maturity to December 2024
    February 28, 2023
    Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, today announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into the First Amendment to the Third Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and six FDIC-insured financial institutions to extend the maturity of its $92.5 million secured revolving credit facility
  • NioCorp Expands Existing Non-Revolving Credit Facility to US$4 Million
    February 28, 2023
    NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that it has expanded its existing non-revolving credit facility between the Company and its Executive Chairman, Mark Smith, to US$4 million from the previous limit of US$3.5 million.
  • AmeriFactors Provides Funding to Companies Experiencing Rapid Growth
    February 28, 2023
    AmeriFactors Financial Group, LLC. recently provided funding to one of their return clients for a new start-up company. The business owners came back to AmeriFactors for a third time to help fund their third successful business.
  • Anthony Lavinio Joins Eclipse Business Capital, LLC’s Underwriting Team as a Managing Director
    February 28, 2023
    Eclipse Business Capital, LLC (“EBC”) is pleased to announce that Anthony Lavinio has joined its underwriting team as a Managing Director. Mr. Lavinio is an asset-based lending professional with over 25 years of experience in underwriting, portfolio management, and new business originations at non-bank private debt funds.
  • Celtic Capital Corporation Provides Financing for Specialty Chemicals Producer
    February 28, 2023
    The company needed to replace an existing bank line so approached Celtic Capital for a $750,000 accounts receivable line of credit and a $150,000 inventory line of credit to replace the bank financing and provide working capital to help them effectuate their turnaround plan. Celtic Capital provided the requested financing and the company is off and running on their plan.
  • ProFrac Holding Corp. Completes Acquisition of Performance Proppants and Upsize of ABL Credit Facility
    February 28, 2023
    ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it has successfully completed its acquisition of Performance Proppants, making it the largest in-basin proppant producer serving the Haynesville. ProFrac acquired Performance Proppants for approximately $475 million, consisting of $469 million in cash and the remainder in shares of ProFrac Class A common stock.
  • CVC Credit Successfully Prices First new CLO of 2023
    February 28, 2023
    CVC Credit is pleased to announce that it has priced Apidos XLIII (43), a Collateralized Loan Obligation (“CLO”) fund totalling c.$500m (c.€ 470m), arranged by Deutsche Bank. Apidos XLIII is the first new CLO priced by CVC Credit’s transatlantic performing credit platform this year and will increase CVC Credit’s global AUM to over $38 billion (€36 billion).
  • Octaura Hires Howard Cohen as Head of Loan Execution
    February 28, 2023
    Octaura, the electronic trading platform for syndicated loans, today announced the appointment of Howard Cohen as Head of Loan Execution. In this role, Mr. Cohen will be responsible for leading the platform's growth and integration strategies and is a member of the Octaura leadership team.
  • Houlihan Lokey Expands Its M&A Tax Advisory Capabilities With Senior Hire
    February 28, 2023
    Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andrew Ziegler has joined the firm’s Transaction Advisory Services team as a Managing Director. Mr. Ziegler is based in New York and will assist the firm’s corporate and financial sponsor clients on a range of domestic and cross-border M&A tax matters.
  • BlueCove and Ares Management Announce Strategic Partnership
    February 28, 2023
    BlueCove Limited ("BlueCove”), the London-based scientific fixed income manager, and Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that they have reached an agreement under which Ares will acquire a minority equity stake in BlueCove with the option to acquire control of the business over a multi-year term.
  • BHI Refinances $30 Million Loan for a Senior Living Facility in Davie, Florida
    February 28, 2023
    BHI, a full-service commercial bank, announced that it has closed the refinancing of a $30 million loan for a senior living facility with 199 beds in Davie, Florida. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern United States with a primary focus in South Florida.
  • Rollins, Inc. Announces New Credit Agreement
    February 27, 2023
    Rollins, Inc. (NYSE:ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announced that the Company entered into a new credit agreement which provides for a $1.0 billion senior unsecured revolving credit facility which refinanced the Company's existing credit facility that was scheduled to mature in April 2024. JPMorgan Chase, N.A. is administrative agent and lead arranger on the transaction, Bank of America, N.A. acted as syndication agent.
  • Cano Health Announces Closing of $150 Million Term Loan Facility with Diameter Capital Partners and Rubicon Founders
    February 27, 2023
    Cano Health, Inc. ("Cano Health" or the "Company") (NYSE: CANO), a leading value-based primary care provider and population health company, today announced that on February 24, 2023, it consummated the closing of a $150 million senior secured term loan (the "2023 Term Loan"), maturing November 23, 2027. JPMorgan Chase Bank, N.A. served as sole lead arranger and sole bookrunner in connection with the 2023 Term Loan and Goodwin Procter LLP served as legal advisor to Cano Health in connection with the 2023 Term Loan and warrants.
  • Churchill Downs Incorporated Announces a $500 Million Senior Secured Term Loan A Financing Transaction
    February 27, 2023
    Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced an amendment of its senior secured credit agreement to increase the loans under the existing Term Loan A credit facility due 2027 by $500 million. This amendment increases the existing Term Loan A credit facility due 2027 from $800 million to $1,300 million (the “Increased Term Loan A”) and makes certain other changes to its existing credit agreement.
  • Marco Continues Rapid Growth With Over $200 Million in Financing to Enable LatAm Exporters' Access to the Global Economy
    February 27, 2023
    Marco — the first tech-enabled trade financing platform built for small and medium-sized businesses in Latin America and the United States— announced today it has received a $200 million credit facility from leading middle market lender MidCap Financial and global asset-based private credit specialist, Castlelake.
  • SFNet Testifies During Hearing on Connecticut Financial Disclosure Bill
    February 27, 2023
    Connecticut has re-introduced legislation proposing commercial finance disclosures. CEO Rich Gumbrecht and co-general counsel Jon Helfat of Otterbourg testified in front of the Connecticut General Assembly Banking Committee on February 23. Connecticut originally proposed disclosure legislation last year. SFNet was instrumental in that bill not moving forward.
  • King Trade Capital Provides a $9 Million Purchase Order Finance Facility for a Growing Athleisurewear Company
    February 27, 2023
    King Trade Capital is pleased to announce the completion of a $9 million purchase order finance facility for a private equity backed athleisurewear company. The 20-year-old company, was acquired in 2020 by a private equity investor expanding its’ active lifestyle inspired portfolio of companies. The private equity firm helped the Client obtain a line of credit with a bank for the initial two years of its ownership of the business but as the business grew the Client was in need of additional working capital and liquidity the bank couldn’t offer to support rapidly growing sales.
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