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  • Monroe Capital Expands its Institutional and High Net Worth Business Development Team with Brian Dutzar, Mark Friedrich, and Brian Lee Hires
    September 21, 2022
    Monroe Capital LLC today announced it has expanded its institutional and high net worth business development team with the addition of Brian Dutzar, serving as Director and based in Chicago, Mark Friedrich, serving as Managing Director and based in Los Angeles, and Brian Lee, serving as Director and based in New York.
  • Bridge Bank’s Asset-Based Lending Boosts Capacity With New Hires
    September 21, 2022
    Bridge Bank today announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group. Seven recent hires support the ongoing buildout of monitoring support for the Capital Finance Group, which serves clients nationwide. The new team members are based in Boston, Phoenix and Southern California.
  • A&G’s Andy Graiser Named to 2022 List of ‘Top 100 Restructuring Professionals’
    September 21, 2022
    Global M&A Network has named A&G Real Estate Partners Co-President Andy Graiser to its 2022 list of “Top 100 Restructuring Professionals.” The ninth-annual “Distinction in Deal-Making Award” recognizes “highly respected, successful and innovative” leaders in the restructuring and turnaround world, the organization noted in the announcement.
  • Major Food Processor Passport Foods’ In-Demand Equipment Goes to Auction
    September 21, 2022
    An October 6 online auction by Tiger Group features equipment from Passport Foods’ shuttered Ontario, Calif. plant. The specialty food processor sold entrees, wraps, noodles and appetizers under the Chef’s Signature, Wing Hing, Cantina Fresca and Sofia’s brands. The online auction closes on Thursday, October 6, at 10:30 a.m. (PT). Bidding opens Thursday, September 29, at 10:30 a.m. (PT) at SoldTiger.com.
  • 68% of US Businesses More Profitable now Than Pre-pandemic but Covid Worries Remain, Says New Report
    September 21, 2022
    EQ Riskfactor, a leading global provider of risk management software for the commercial finance market (part of Equiniti Group), has today launched a new international report. The Global Business Borrower report provides a detailed snapshot of current business sentiment in five key markets: the US, UK, France, Germany and the Netherlands.
  • Whitestone REIT Amends and Extends $515 Million Credit Facility
    September 20, 2022
    Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that through its operating partnership, Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), it has amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan.
  • Mount Logan Capital Inc. Expands Credit Facility to Fund Seed Investment in New Interval Fund
    September 20, 2022
    Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) is pleased to announce that its wholly-owned subsidiary, MLC US Holdings LLC (“MLC US Holdings”), as borrower, has entered into an amendment (the “First Amendment”) to its existing credit agreement dated August 20, 2021 (the “Existing Credit Agreement” and together with the First Amendment, the “Credit Agreement”) to increase the term loan available pursuant to the Credit Agreement by US$4,500,000 for a total facility size of up to US$28,562,500 (the “Credit Facility”).
  • Experienced Mergers and Acquisitions Attorneys Kathryn L. Hickey and David T. Shafer Join the Baltimore/Annapolis Office of McDonald Hopkins
    September 20, 2022
    McDonald Hopkins LLC is proud to announce the addition of two experienced mergers and acquisitions attorneys to the Firm's Baltimore/Annapolis office. Kathryn L. Hickey and David T. Shafer have both joined McDonald Hopkins as Members, adding their expertise to a growing national M&A team and serving as the latest addition to the firm's increased presence on the East Coast.
  • Audax Private Debt Provides Financing to Support Madison Dearborn Partners’ Investment in Unison
    September 20, 2022
    Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Madison Dearborn Partners’ acquisition of Unison (the “Company”), a leading provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors.
  • O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Prospect Partners' Recapitalization of Blackwood Solutions
    September 20, 2022
    O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Prospect Partners' recapitalization, with management, of Blackwood Solutions & its related entities (together "Blackwood"). Blackwood is a leading electric utility services provider offering specialty transportation, logistics management, recycling, and disposal services in over 20 states.
  • Oaktree Specialty Lending Corporation and Oaktree Strategic Income II, Inc. Enter into Merger Agreement
    September 20, 2022
    Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“OCSL”) and Oaktree Strategic Income II, Inc. (“OSI II”) today announced that they have entered into an agreement to merge together with OCSL as the surviving company, subject to stockholder approval and customary closing conditions.
  • Getzler Henrich Names Glenn McMahon Managing Director Of Retail Turnaround And Restructuring Practice
    September 20, 2022
    With his over 30 years of executive experience leading the transformation and growth of storied brands such as St John Knits, Dolce & Gabbana, Donna Karan, Giorgio Armani and operational turnarounds of numerous other brands, Mr. McMahon is the newest senior leader of Getzler Henrich's growing Retail and Turnaround and Restructuring Practice.
  • Express Completes $7MM Factoring and $3MM PO Funding Deal for Hong Kong-based Denim Wholesaler
    September 20, 2022
    In September 2022, Express Trade Capital Inc. secured a deal for a Hong Kong-based denim manufacturer who will work directly with top U.S. retailers who previously bought their denim goods through indirect wholesale channels.
  • First Business Bank’s Asset-Based Lending Group Funds $5.5 Million Credit Facility
    September 20, 2022
    Michael Doyle, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $5.5 million revolving line of credit and equipment term loan for a contract drilling services company seeking to refinance.
  • Asset-Based Lending Is All-Weather Sector of Economy SFNet’s Latest Report Reflects Confidence
    September 19, 2022
    There was confidence in the asset-based lending market in the second quarter despite the economic pain of surging inflation and rising interest rates, according to data released by the Secured Finance Network. SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.
  • CIT Serves as Sole Lead Arranger on $110 Million Financing for Quipt Home Medical
    September 19, 2022
    CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business has provided $110 million in senior secured credit facilities to Quipt Home Medical Corp. Headquartered in Cincinnati, Ohio, Quipt is a leader in the home medical equipment industry with a focus on in-home monitoring and disease management services including end-to-end respiratory solutions.
  • Bank of America Payments and Spending Data Shows Continued Small Business Resiliency
    September 19, 2022
    The Bank of America Institute released a new publication today which finds continued resilience in small businesses. New Bank of America small business data shows that, despite economic headwinds, small businesses continue to strengthen in a variety of areas, including credit and debit card spending, business travel expenditures and payroll payments. Overall small business payments per client increased 11% year over year in August, up from 3% year over year in the prior month. Card spending per client increased 13% year over year last month, outpacing July’s 7% growth rate.
  • Wafra Capital Partners Rebrands as InterVest Capital Partners®
    September 19, 2022
    InterVest Capital Partners, formerly known as Wafra Capital Partners, a leading investment manager in structured finance verticals and a pioneer of Sharia-compliant investment products, announced a major rebrand today. InterVest Capital Partners, previously the Structured Finance and Business Development Divisions of Wafra, Inc. ("WAFRA"), commenced operations on January 1, 2012, as a separate operating entity and U.S. registered investment adviser under the name Wafra Capital Partners. The rebrand brings forth a differentiated identity, distinct from its former affiliate (Wafra Inc.).
  • Gold Royalty Announces Two-Year Extension To Secured Revolving Credit Facility Of Up To $25 Million
    September 19, 2022
    Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has extended the maturity date of its existing US$25 million secured revolving credit facility with Bank of Montreal to March 31, 2025. The extended credit facility consists of a US$10 million secured revolving credit facility (the "Facility"), with an accordion feature providing for an additional US$15 million of availability (the "Accordion").
  • Stifel Appoints Jonathan Knepper and Edward Osswalt as Managing Directors in Fixed Income Capital Markets Group
    September 19, 2022
    Stifel Financial Corp. (NYSE: SF) today announced the rehiring of Jonathan Knepper and Edward (E.J.) Osswalt as Managing Directors in the firm’s Fixed Income Capital Markets Group. In their new roles, Mr. Knepper will focus on high yield and distressed sales, while Mr. Osswalt is responsible for Stifel’s crossover trading, which includes credits moving between high yield and investment grade ratings. They are both based in the firm’s New York City office.
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