Global interest rates have risen more rapidly than expected in the past two months, and Federal Reserve and ECB policy rates are now likely to peak at a later date and higher level than anticipated in Fitch Ratings’ September 2022 Global Economic Outlook (GEO). Stubbornly high inflation outturns and a hardening of central bank resolve to bring inflation down make a pivot back towards rate cuts in 2023 unlikely.

Tornado Global Hydrovacs Ltd. is pleased to announce that it has amended the Company’s credit facility (the “Credit Facility”) with The Toronto-Dominion Bank (“TD”) to increase the revolving operating line of credit from $3 million to $6 million (the “Operating Line”).

Furniture companies should consider using their real estate to generate cash, lower expenses and seize new opportunities, advise the co-presidents of A&G Real Estate Partners in a piece for FurnitureToday.com.

GoDaddy Inc., Go Daddy Operating Company, LLC and GD Finance Co, LLC closed the credit agreement refinancing announced on October 21, 2022. In connection with the closing, Borrowers entered into a Sixth Amendment to the Second Amended and Restated Credit Agreement, dated February 15, 2017, by and among the Borrowers, certain other GoDaddy subsidiaries, Royal Bank of Canada as the successor Administrative Agent, Collateral Agent, Swingline Lender and Letter of Credit Issuer and the other parties party thereto.

White Oak Healthcare Finance, LLC (“White Oak” or “WOHCF”) today announced it acted as sole lender and administrative agent of a senior credit facility to United Dental Corporation (“UDC” or the “Company”), to finance four acquisitions in Arizona, California, Georgia and Colorado.

Loeb announces that it has recently provided four new term loans totaling $9.3 million. These loans will help four companies, in transitional financial states, grow their businesses by leveraging working capital from their existing machinery and equipment.

Rockland Trust is pleased to welcome Slayton Purcell to its Asset Based Lending Team as Vice President, Relationship Manager. In his role, Slayton is responsible for managing a growing portfolio of clients while underwriting and building new relationships.

Alida, a leader in experience management, today announced it has secured a USD $60 million syndicated credit facility from lead lender National Bank of Canada through its Technology and Innovation Banking Group. Co-lenders include BMO, Comerica, and Silicon Valley Bank. The funding offers the company meaningful capital to continue its long-term growth trajectory.

One Liberty Properties, Inc. (NYSE:OLP) entered into an amendment to its $100 million credit facility which extends the facility through December 2026, increases the amount available to be borrowed for renovation and operating expense purposes to the lesser of $40 million and 40% of the borrowing base, provides that the interest rate will be based on 30-day SOFR and requires compliance with certain amended and additional covenants. The financing is led by Manufacturers and Traders Trust Company and an affiliate of Valley National Bank.

OceanFirst Financial Corp. (NASDAQ:OCFC) (“OceanFirst”), the holding company for OceanFirst Bank N.A., and Partners Bancorp (NASDAQ: PTRS) (“Partners”), the parent company of The Bank of Delmarva (and its division, Liberty Bell Bank) headquartered in Seaford, Delaware, and Virginia Partners Bank (and its division, Maryland Partners Bank) headquartered in Fredericksburg, Virginia, jointly announced today they have agreed to terminate the merger agreement announced on November 4, 2021, effective immediately.

Waterfall Asset Management today announced that Patrick Lo and Brian Rebello have been elevated to Co-Chief Investment Officers. Patrick and Brian, both partners of the Firm, have been instrumental in Waterfall's growth and successful investment performance on behalf of its clients over the past 15 years.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that it has provided $16 million in funding to support the expansion of Tropical Products, a private label manufacturer of personal, pet, and home care products. Based in Salem, Mass., the company manages the development of products for a variety of consumer brands that are sold by Walmart, Target, PetSmart, Petco, Amazon, and many other retailers.

Fifth Third Bank announced it provided $9.4 million asset-based lending credit facility for B12 Transportation Group, LLC. B12 Transportation Group, LLC. Is a transportation-focused holding Company comprised of two wholly owned subsidiaries: Diamond Acquisition, LLC which is a manufacturer of medium sized composite buses, and Brown Industries, LLC which is a manufacturer of van bodies, rail equipment, and specialty vehicles.

Wells Fargo has elevated Adam Kleinman to commercial banking division sales executive for the metro New Jersey and New York region, the bank announced Tuesday. In his new position, Kleinman will transition from his current business development officer role, which he has held since 2017, to develop, support, and lead business development officers, develop strategic sales initiatives, and assist in new client acquisition and deepen existing customer relationships across the market.

Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership, has secured a $140 million credit facility to support the next phase of the partnership's development and fuel its future growth. The facility was led by Apogem Capital LLC, with support from Manulife Investment Management, and Cynosure Investment Partners, LLC.

Porter Capital Corporation, a leading provider of working capital solutions, is pleased to announce the additions of Tanya Fontenot and Robert (Bob) Reagan to the Porter Capital sales team.

SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Raffi Dawson has joined the firm as Managing Director, Head of Structured Finance Group. In this new role, Raffi will be responsible for overseeing the securitization businesses, including conduit business, ABS and CLO. Raffi is based in New York, and reports to Scott Ashby, Head of Capital Markets and Investment Banking.

Aequum Capital recently closed a new $50 million revolving line of credit led by Texas Capital Bank. This new financing will augment Aequum's significant equity base to support loan origination volume. With the new credit facility, Aequum is well-positioned to execute on market opportunities and organic growth of its portfolio.

J D Factors announces it has provided the following factoring facilities: $200,000 to a transportation company in California; $300,000 to a transportation company in New York; $200,000 to a transportation company in Illinois; $250,000 to a transportation company in Ohio...

Solifi™, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve the lender and borrower experience through self-service functionality, gain insights into portfolio risk, and increase efficiencies through enhanced audit compliance and visibility.