- Hallador Energy Closes $120 Million Senior Secured Credit Facilities
- Cumulus Media Announces Agreement to Eliminate Substantially All Remaining Debt and Significantly Strengthen Financial Position
- Baker Garrington and Liquid Capital Announce Recent Financings
- News Detail Share Test
- Baker Garrington and Liquid Capital Announce Recent Financings
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Siena Healthcare Finance Provides a $20 Million Credit Facility to a Group Of Skilled Nursing Facilities
Siena Healthcare Finance today announced the closing of a $20MM working capital facility for an Ohio based chain of skilled nursing facilities. Siena refinanced the line of credit from a large commercial bank.
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"Please…Get In The Water.” Luring Retail Shoppers Back to Store Closing Sales in the Age of COVID-19
The Post-COVID New Normal For Store Closing and Strategic Sale Events. Reflections by SB360’s Scott Bernstein.
“Why aren’t you in the water? Nobody’s going in. Please… get in the water.” Those pleading words uttered in the 1975 blockbuster movie “Jaws” were part of an ill-fated effort by Mayor Larry Vaughn to save his fictional sleepy beach town from financial ruin. Those of us who saw the movie or have binged watched Shark Week re-runs know how that worked out for the reluctant residents of Amity.
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Bruce Jackson Is Named Head of the Santander US Auto Business and CEO of Santander Consumer
January 3, 2023Santander Holdings USA, Inc. (“Santander” and “Santander US”) today announced that, effective March 2023, Bruce Jackson will assume the role of head of the Santander US Auto business and CEO of Santander Consumer USA Inc. (“Santander Consumer”), reporting to Santander US CEO, Tim Wennes. Jackson succeeds Mahesh Aditya who is taking on the role of Banco Santander’s Group Chief Risk officer in Madrid, subject to customary regulatory approvals.
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SMBC Nikko Securities Americas Hires Langworthy
January 3, 2023SMBC Nikko Securities Americas, a New York-based member of SMBC Group, has appointed Ted Langworthy as executive director and head of the equity finance team. Langworthy has a vast amount of experience in securities lending and equity financing spanning two decades.
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Noble Corporation plc Completes Refinancing of Syndicated Bank Term Loan
January 3, 2023Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) today announced that it has closed a new $350 million secured term loan with a syndicate of banks. The new loan has a three-year maturity and an initial interest rate of Term SOFR plus 3.50%, with margin increases beginning in year two.
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Guess?, Inc. Announces Expanded $150 Million North American Credit Facility With Sustainability-Linked Component
January 3, 2023Guess?, Inc. (NYSE:GES) today announced that it has expanded its access to capital in North America. The Company has entered into a $150 million senior secured asset-based revolving credit facility with a term of five years. This facility amends and extends its existing $120 million North American credit facility. The amended facility has an option to further expand its total amount by up to $150 million, subject to certain conditions.
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Stifel Acquires Healthcare M&A Firm Torreya
January 3, 2023Stifel Financial is deepening its investment in healthcare with the purchase of Torreya Partners. The investment banking company announced the acquisition of Torreya, a merger and acquisition and private capital advisory firm in the life sciences sector, in a news release Thursday (Dec. 22). Founded in 2007, Torreya specializes in life sciences, including biotechnology and pharmaceuticals.
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Brightwood Capital Prices $426 Million Middle Market CLO
January 3, 2023Brightwood Capital Advisors, LLC, a private credit firm, today announced it has priced Brightwood Capital MM CLO 2020-1, Ltd. Reset, a $426 million collateralized loan obligation. This CLO represents the fourth CLO issued by the firm since 2019. The vehicle is backed by loans the firm has originated for Brightwood Capital Fund IV and is intended to provide that fund with non-recourse financing.
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Siena Lending Group Provides Over 300,000 Meals to Food Pantries and Soup Kitchens
January 3, 2023In the spirit of giving and sharing, Siena Lending Group has started off the year by donating to food pantries and soup kitchens across the country on behalf of its employees and clients. Siena Lending Group is proud that this financial support will provide over 300,000 meals to individuals and families who are food insecure.
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Celtic Capital Corporation Announces Funding for a California-based Manufacturer of Precision machined Products
January 3, 2023Celtic Capital Corporation today announced its most recent new client relationship – a California-based manufacturer of precision machined products using metal alloys and plastics for industrial and commercial applications.
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Tatsuo Tanaka Appointed as Japan Chair to Apollo
January 3, 2023Apollo (NYSE: APO) today announced that Tatsuo Tanaka has been named as Japan Chair to Apollo. Mr. Tanaka is a 50-year veteran of the banking and finance industry in Japan, having held various senior positions in leading financial institutions, including as Deputy President of MUFG Bank and Mitsubishi UFJ Financial Group, Chairman of Union Bank and, most recently, Chairman of Citigroup Japan. Mr. Tanaka’s appointment reflects Apollo’s continued growth in its asset management and retirement services businesses in Japan.
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Tupperware Brands Amends Credit Agreement
January 3, 2023Tupperware Brands Corporation (NYSE: TUP), a leading global consumer products company, announces today that it has entered into a second amendment (the "Second Amendment") to its Credit Agreement dated as of November 23, 2021 (as amended by that certain First Amendment to Credit Agreement dated as of August 1, 2022, the "Credit Agreement").
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Cohn & Dussi Attorneys Recognized by Super Lawyers For 2022
January 3, 2023Cohn & Dussi LLC is proud to announce that three attorneys at the firm were recognized by Super Lawyers for 2022. William J. Delaney, Counsel at Cohn & Dussi, has been named to the Super Lawyers list for Bankruptcy every year since 2008. Only 5 percent of lawyers are named each year. The selection process includes independent research, peer nominations and peer evaluations by practice area.
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Skyscend Capital Appoints Robert Zadek as its new President
January 3, 2023Skyscend Capital Inc, an Atlanta-based financial services firm, announced today the appointment of Robert A. Zadek as President, effective January 1, 2023. Bob is a nationally recognized expert in factoring, reverse factoring, supply-chain finance, asset-based lending, purchase order financing, commercial loan documentation, trade finance and letters of credit, loan workouts, and bankruptcy.
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Republic First Bancorp Announces New Leadership Team
January 3, 2023Thomas (“Tom”) X. Geisel has been appointed Chief Executive Officer and President, and as a member of the Board of Directors (the “Board”), effective immediately. Mr. Geisel has a diverse financial services background, including leadership experience growing regional banks for more than twenty years – most recently as President, Corporate Banking, at Webster Bank (formally known as Sterling National Bank). Additionally, Michael (“Mike”) W. Harrington has been appointed Chief Financial Officer, effective immediately. Mr. Harrington’s background includes extensive experience in community banking and financial services – most recently as Chief Financial Officer of Bryn Mawr Trust.
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Patrick Scatuorchio Joins Peapack Capital as Senior Vice President, Business Development Officer
January 3, 2023Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) is proud to announce the appointment of Patrick Scatuorchio as Senior Vice President, Business Development at Peapack Capital, the equipment finance subsidiary of Peapack-Gladstone Bank. Working out of the organization’s Red Bank, New Jersey location, Mr. Scatuorchio joins Peapack-Capital’s team of experienced equipment finance and leasing professionals.
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Evolv Technology Announces $75 Million in Non-Dilutive Debt Financing with Silicon Valley Bank
January 3, 2023Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that it has closed a $75 million non-dilutive debt financing facility with Silicon Valley Bank, the bank of the world’s most innovative companies and investors.
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Aspen Neuroscience Inks $40 Million Debt Deal with Silicon Valley Bank
January 3, 2023Aspen Neuroscience, Inc., a private biotechnology company developing autologous cell therapies including the first iPSC-derived autologous neuron replacement treatment for Parkinson's disease (PD), has signed a $40 million credit facility with Silicon Valley Bank (SVB). Deal terms were not disclosed.
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Clean Energy Announces Sustainability-Linked Financing With Riverstone Credit Partners to Fund RNG Growth
January 3, 2023Clean Energy Fuels Corp. (Nasdaq: CLNE), the largest provider of the cleanest fuel for the transportation market, today announced that it entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P. (“Riverstone Credit Partners”), a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”).
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Assembled Brands Announces a New $1.5MM Facility with Aura Bora
January 3, 2023Assembled Brands is pleased to announce a new $1.5MM facility with Aura Bora, a craft sparkling water brand. Founded in 2020, Aura Bora is on a mission to create sparkling water with deeper, richer, aromatic flavors made from all-natural ingredients such as herbs, fruits, and flowers. Its products are made from natural and vegan ingredients without icky additives, such as citric acid.
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PKF Clear Thinking’s Patrick Diercks Named Plan Administrator for Charming Charlie Holdings, Inc.
January 3, 2023PKF Clear Thinking, LLC, the award-winning business advisory firm and subsidiary of PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, today announced that Patrick Diercks, a Partner of the Firm, has been named Plan Administrator of Charming Charlie Holdings, Inc.’s confirmed Plan of Liquidation, effective November 28, 2022.
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Winston & Strawn Represents AlphaVest Acquisition Corp
January 3, 2023Winston & Strawn is representing AlphaVest Acquisition Corp, a blank check company, in its initial public offering of 6,000,000 units at a price of $10.00 per unit. EarlyBirdCapital, Inc. is acting as sole bookrunning manager of the offering and Revere Securities is acting as co-manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any.
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