The $1.25 billion senior secured term loan facility, which was privately placed with institutional investors, will accrue interest at an annual rate of SOFR+350, plus an additional 10 basis point credit spread adjustment, and will mature on March 16, 2030. Bank of America, N.A., JPMorgan Chase Bank, N.A., MUFG Securities Americas Inc., and Truist Securities, Inc. acted as Joint Lead Arrangers and Joint Bookrunners. The $525 million senior secured ABL revolving credit facility, led by Bank of America, N.A. as Administrative Agent, will mature on March 16, 2028.

White Oak Global Advisors, LLC, (“WOGA”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively “White Oak”), originated $1.4 billion of loan transactions across 60 deals in 2022.

Republic Business Credit is proud to announce the addition of Christy Morgan to the team as Vice President and Legal Manager, reporting directly to CEO Stewart Chesters. In the new role, Morgan will oversee all legal materials for onboarding clients and work on amendments for existing clients. She will partner with the underwriting, sales and client service teams to provide crucial support across the business. Her expertise in disclosure and regulatory requirements adds tremendous value to the company and its fast-paced growth trajectory.

Tradecycle Capital, a highly-tech enabled supply chain finance company, recently closed a $100 Million securitization facility with DZ BANK AG. The execution of the facility represents a 150% total increase to a facility that began in June of 2019. The increase will be utilized to support Tradecycle’s continued growth as it expands its relationships with Private Equity Sponsors and Senior Lenders.

Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company"), a Toronto-based company engaged in the operation, acquisition, and development of renewable energy projects in the America's, is pleased to announce that it has signed an agreement with Export Development Canada ("EDC") for a $10M USD Floating Rate Term Loan Facility (the "Facility").

Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”) announced today that on March 14, 2023, it entered into privately negotiated agreements with certain investors pursuant to which Oatly agreed to sell and the investors agreed to purchase from Oatly $300 million aggregate principal amount of 9.25% Convertible Senior PIK Notes due 2028 (the “Notes”).

First Citizens Bank today announced that its Middle Market Banking group is expanding yet again – this time to better support the financial needs and goals of midsize businesses in the Midwest and South Central U.S.

Republic Bancorp, Inc. (NASDAQ: RBCAA) (“Republic” or the “Company”), the parent company of Republic Bank & Trust Company (“Republic Bank” or the “Bank”), is pleased to announce the Bank has completed its previously announced merger with CBank and CBank’s wholly owned subsidiary, Commercial Industrial Finance, Inc. (“CIF”), for approximately $51 million in cash.

Comerica Bank is bolstering its Small Business Banking segment with the appointment of three regional directors – Sandra Felegy, Brent Harraman and Meghan Storey – to expand its reach in small business communities. Additionally, Comerica will debut several digital solutions throughout 2023 with a focus on payments and access to convenient capital.

Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced the appointment of two executive leaders, Michael ("Mick") Goik, President, Oxford Commercial Finance and Matthew Lowman, Oxford Bank Executive Vice President, and Chief Risk Officer, to the Oxford Bank Board of Directors, effective immediately.

TILT Holdings Inc. announced the extension of its existing revolving credit facility, together with the appointment of a new board member pursuant to its recently completed debt refinancing. Jupiter Research, LLC (“Jupiter”), a subsidiary of TILT, entered into an amendment to its existing US $10 million asset-based revolving credit facility (the “Facility”) to increase the amount available under the Facility from US $10.0 million to US $12.5 million, and extends the maturity date to July 21, 2024.

A former client reached out because they were experiencing cash flow difficulties similar to what previously led them to Franklin Capital. The non-profit staffing firm needed a short-term facility to help cover their payroll and expenses while they waited for a delayed payment from their primary payer. Franklin Capital successfully provided the company with an $800,000 undisclosed factoring facility allowing them to make payroll and cover their expenses.

LSQ, a leading provider of technology-driven working capital financing and payments solutions, announces the hire of Brian Rieber as Vice President of Working Capital Solutions. In his role, Rieber will be focused on helping companies create supply chain finance programs to meet their liquidity needs.

KMG Staffing Inc., dba KMG Healthcare (“KMG”) was recently founded in 2020 in New York by Ken Gelfand who has worked in the staffing industry for two decades. KMG provides trained healthcare talent to hospitals and healthcare facilities. In a short span of time, the company exhibited rapid growth. It soon became evident that a more economical financing solution would be necessary as KMG expected to continue its expansion.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the strategic growth of Vytalize Health (“Vytalize”), alongside private equity sponsor, Enhanced Healthcare Partners.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the recapitalization of Advertiser Perceptions by Eureka Equity Partners. Additionally, Abacus made an equity co-investment in Advertiser Perceptions.

According to the report published by Allied Market Research, the global asset-based lending market was estimated at $561.5 billion in 2021 and is expected to hit $1,721.38 billion by 2031, registering a CAGR of 12.2% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced today that its subsidiary Jo-Ann Stores, LLC entered into a $100 million first-in last-out facility (the “FILO Facility”) that will provide the company additional liquidity, help optimize the balance sheet, and drive free cash flow across the enterprise.

As more of the professional workforce returns to the office post-pandemic, the demand for comfortable chic clothing for women is on the rise. Rejoining the office environment means ditching yoga pants and sweatshirts, and replenishing closets with pant suits, dresses and blazers. Recognizing this increased consumer interest, Republic Business Credit worked with a distributor of women’s apparel to help restock stores that are re-opening with more clothing options and supplies.

Gibraltar Business Capital (GBC) is pleased to announce the launch of its new equipment financing business, Gibraltar Equipment Finance (GEF). GEF provides term financing solutions complementing GBC’s asset-based lending products and furthers GBC’s strong track record of business lending innovation.