Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that it has entered into an amended secured credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks, including $186.7 million in senior secured term loans and a $120 million unfunded revolving line of credit.

Astra, a leading provider of instant card-to-card funding as a service in the U.S., today announced a $10 million Series A funding round led by FPV Ventures, with participation from Slow Ventures and Allegis Capital, as well as a $30 million line of credit through CoVenture to support the company’s rapid expansion in the payments industry.

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $50 billion of equity capital under management, is pleased to announce the sale of its portfolio company Salary.com (the “Company”) to Accel-KKR. Terms of the transaction were not disclosed.

Capital One announced today that it has served as administrative agent for an amended and restated credit facility for EquipmentShare, a nationwide construction solutions provider. EquipmentShare will use the facility, which increased its borrowing capacity from $1.2 billion to $2.1 billion, to expand its footprint and finance further growth of the company. The revolver has a $1.0 billion accordion option.

Leading international law firm Clifford Chance has advised BlackRock in connection with a US$150 million term loan facility for Puttshack, a tech-infused mini golf entertainment venue. The proceeds of the loan will support Puttshack's rapid growth strategy in the United States as it continues to open venues in cities across the country.

SPECTRUM Commercial Services adds new Vice President, Ryan Baker, to its team of business development officers. Ryan joins SPECTRUM Commercial Services Company (spectrumcommercial.com), bringing well over a decade of aligning lending solutions for clients in the finance and legal industry. His track record of success working with commercial lenders, consultants and business owners make him an excellent fit for SPECTRUM’s sales role in Minneapolis and surrounding markets.

Maxim Commercial Capital (“Maxim”) expanded its target market with positive results during the third quarter of 2022. The direct lender launched an enhanced risk-based scoring system for its Truck Financing Program, resulting in lower down payments for owner operators with better credit. Buyers with sufficient real estate equity or other excess collateral may qualify for 100% purchase financing under Maxim’s Structured Finance Program.

First Citizens Bank today announced that James Ligman has joined as a managing director in its Middle Market Banking business to lead expansion efforts in the Orange County and Inland Empire regions. In this role, Ligman will be responsible for developing, maintaining and expanding client and prospect relationships throughout the middle market financing sector. Based in Newport Beach, he will report to Brendan Chambers, who leads First Citizens Middle Market Banking.

Winston & Strawn advised MacLean Power Systems (“MPS”), a subsidiary of MacLean-Fogg Company (“MacLean-Fogg”) and a leading manufacturer of products for transmission, distribution, substation, and communications infrastructure, with respect to a majority investment from Centerbridge Partners, L.P.

United Capital Funding Group LLC, a Florida-based factoring firm completed 12 transactions totaling $10 million in accounts receivable financing in Q3 of 2022. The firm is a wholly owned subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured bank based in New Orleans, Louisiana.

First Citizens Bank today announced that its Middle Market Banking business provided $19 million in financing to Truckee-Tahoe Lumber Company to provide support for their expanding business operations. Headquartered in Reno, Nevada, Truckee-Tahoe Lumber (TTL) is a family owned and operated business that supplies lumber, building materials, custom doors, cabinets, and hardware from six locations in Northern California and Nevada.

Comvest Credit Partners Acted as administrative agent and sole lender in providing a new $100 million senior secured loan facility to Ojos Locos, LLC, a Dallas-based restaurant chain operator in Comwest’s direct lending portfolio. The financing will be used to support Ojos Locos’ working capital and development needs. Comwest also made an equity co-investment in the company.

BWX Technologies, Inc. (NYSE: BWXT) announced today that it has closed on an amended and restated credit agreement with Wells Fargo Bank, N.A. and other lenders that increases the company’s liquidity while improving a number of key terms for BWXT.

Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the "Company"), a leading U.S. manufacturer of branded salty snacks, announced today that the Company’s subsidiaries Utz Quality Foods, LLC (“UQF”), Kennedy Endeavors, LLC (“Kennedy”) and Condor Snack Foods, LLC (together with UQF and Kennedy, the “Borrowers”) have entered into a new real estate senior secured term loan in the original aggregate principal amount of $88.14 million (the “Real Estate Term Loan”) with City National Bank, as administrative agent (“CNB”) and each lender from time to time party thereto (the “Lenders”).

Veteran private equity fund manager Richard Waryn has joined forces with transportation and logistics entrepreneur Todd Harman and M&A specialist Michael Seeley to form Ridgefield Partners LLC, a top-tier mergers & acquisitions and strategic advisory firm serving the middle-market.

Aequum Capital is pleased to announce it recently closed a $6,000,000 credit facility to a Midwest based industry-leading designer, marketer, and distributor of home goods and sleep environment products. These are sold through multiple national retailers and a vast network of e-commerce channels.

TD Bank, America's Most Convenient Bank®, today announced that Steve Boyle has been named Chief Operating Officer, a newly created position reporting to Leo Salom, President and CEO. Boyle will be responsible for scaling the bank’s operations to support its growth priorities, continuing the transformation of its data and analytics function, and ensuring the successful integration of First Horizon – following regulatory approval of TD's definitive agreement to acquire the bank announced earlier this year.

Neon has closed a deal on a revolving credit facility with Comerica Bank, the distributor announced Tuesday. The deal is intended to help the “Moonage Daydream” aggressively expand its production slate and build on its core film business. This deal with Comerica is also an expansion of a previous revolving credit facility that Neon set with MUFG Union Bank in 2020. There was also a report from this summer that Neon would be exploring a sale after its rival A24 recently sold a minority stake for $225 million.

Wings Capital Partners LLC (“Wings”) announced the closing of an unsecured corporate revolving credit facility provided by City National Bank. In addition, Wings recently completed the refinancing of four aircraft in a $76m secured loan facility. The term facility was due to mature early next year and Wings proactively refinanced the vehicle using its existing warehouse loan facility.

CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has completed a $50 million factoring facility with a West Coast consumer technology firm. CIT worked closely with the client to create a unique factoring arrangement to provide the technology designer and producer with additional flexibility in meeting its working capital needs.