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  • 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.
  • High Tide Closes $19 Million Non-Dilutive Credit Facility with connectFirst Credit Union
    September 19, 2022
    High Tide Inc. ("High Tide" or the "Company") ( Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that, further to its press release dated August 18, 2022, it has closed a $19 million senior secured credit facility (the "Credit Facility") with connectFirst Credit Union Ltd. ("connectFirst"), with an initial 5-year term, at connectFirst's floor interest rate.
  • U.S. Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement
    September 19, 2022
    U.S. Bancorp (NYSE: USB) (“U.S. Bank”) and Mitsubishi UFJ Financial Group (NYSE: MUFG) (“MUFG”) have mutually agreed to exercise their right under the purchase agreement for U.S. Bank’s acquisition of MUFG Union Bank’s core regional banking franchise to extend the outside termination date from September 30, 2022 to December 31, 2022.
  • Water Street Appoints Vice President of Debt Capital Markets
    September 19, 2022
    Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, announced today that it has appointed Ryan Pavlik as vice president of debt capital markets. Mr. Pavlik is the newest addition to Water Street's team as the firm expands its resources to support its growing group of companies specializing in health care services and technology, medical products and diagnostics, and pharmaceuticals and life sciences.
  • King Trade Capital Completes a $5 Million Purchase Order Facility for a West Coast Based HVAC Equipment Supplier
    September 19, 2022
    King Trade Capital (“KTC”) is pleased to announce the completion of a $5 million purchase order finance facility for a California based HVAC equipment supplier. King Trade Capital was introduced to the HVAC company by its factoring company, one which KTC has a longstanding relationship.
  • Mercer International Inc. Announces Completion of a New €300 Million Sustainability-Linked Term Revolving Credit Facility
    September 19, 2022
    Mercer International Inc., or "Mercer", (Nasdaq: MERC) today announced that it has successfully entered into a new €300 million revolving credit facility for its German subsidiaries with a syndicate of European banks (the "New Facility"). The New Facility has a five year term, is unsecured and accrues interest at a rate of Euribor plus a stipulated margin.
  • SVB Financial Group Appoints Thomas King to its Board of Directors
    September 19, 2022
    SVB Financial Group (SVB), the financial partner of the innovation economy and parent of Silicon Valley Bank, today announced the appointment of Thomas King, former Chief Executive Officer of Investment Banking at Barclays, to its board of directors, effective September 13, 2022. King will also serve on the board's Compensation and Human Capital Committee.
  • Greenbacker Secures $186 Million Credit Agreement with KeyBank and Fifth Third Bank
    September 19, 2022
    Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading green energy investment company and independent power producer, has entered into a senior credit agreement of $186.2 million with KeyBank N.A. and Fifth Third Bank. KeyBank served as administrative agent for the lenders, and KeyBanc Capital Markets and Fifth Third Bank, National Association served as joint lead arrangers.
  • Fundamental Renewables Secures $400 Million Credit Facility
    September 19, 2022
    Fundamental Renewables, an established provider of financing for solar and other renewable energy projects, today announced that it has secured a $400 million credit facility. Delaware Life Insurance Company ("Delaware Life"), a Group 1001 company, acted as the arranger of the facility and is a lead lender. Other lenders include CDPQ American Fixed Income V Inc., a wholly-owned subsidiary of CDPQ, and East West Bank. Fundamental Renewables is the clean energy investment arm of Fundamental Advisors ("Fundamental").
  • BRT Apartments Corp. Expands Financial Flexibility With Amended Credit Facility
    September 19, 2022
    BRT Apartments Corp. (NYSE:BRT) entered into an amended credit facility which increases to up to a total of $60 million the amount available to be borrowed for the acquisition of, and repayment of mortgage debt on, multi-family properties, increases the amount available to be borrowed for operating expenses to $25 million, and extends the term of the facility to September 2025. The financing is lead by VNB New York, LLC, an affiliate of Valley National Bank.
  • Oportun Closes Four-Year $150 Million Senior Secured Term Loan
    September 19, 2022
    Oportun Financial Corporation (Nasdaq: OPRT) (the “Company” or “Oportun”), a mission-driven fintech and digital banking platform, today announced that it has closed a $150 million senior secured term loan due in 2026 from funds managed or sub-advised by Neuberger Berman Specialty Finance.
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