Sallyport Commercial Finance, LLC has joined Dean Winter as business development executive in the Toronto area. Dean graduated from the University of Guelph with a degree in Finance in May 2018. After graduating he started work in the wealth management industry as a financial advisor with Edward Jones and then progressed over to TD Bank as a financial planning associate.

J.P. Morgan (NYSE: JPM) announces today that it has signed an agreement to acquire Renovite Technologies, Inc. (Renovite), a leading cloud-native payments technology company. The strategic acquisition of Renovite will help J.P. Morgan Payments build its next-generation merchant acquiring platform, bolster the firm’s payments modernization strategy and support its journey to the cloud.

H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $50 billion of equity capital under management, announced that it has hired Kim Leinwand Erle as Managing Director and Global Head of ESG, a newly created role that reflects H.I.G.’s ongoing commitment to the integration of environmental, social and governance best practices across the firm.

Siris, a leading private equity firm focused on investing and driving value creation in technology companies, today announced that Vipul Tandon has joined the firm as a Managing Director and Head of Credit Opportunities. In this role, Mr. Tandon will look to capitalize on meaningful opportunities to invest in structured credit and junior capital in the technology industry.

Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today that it has entered into a fifth amendment to its credit facility, dated as of December 12, 2016.

Blank Rome LLP is pleased to announce that Mirlande Telfort has joined the firm’s Finance, Restructuring & Bankruptcy practice group as a partner in the New York office. With a strong focus on middle market financings, Mirlande represents private equity funds, banks, and other investors in complex debt financing transactions across a wide range of industries, particularly life sciences, healthcare, manufacturing, and consumer products.

Humble & Fume Inc. (CSE: HMBL) ( OTCQX: HUMBF) ("Humble" or the "Company"), a leading North American distributor of cannabis and cannabis accessories, is pleased to announce it has entered into a new revolving credit facility pursuant to the terms of a loan agreement that provides for a $2,000,000 secured revolving credit facility (the "Credit Facility").

Delta Financial Group ("Delta"), an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant structured growth investment from funds managed by Oaktree Capital Management, L.P. ("Oaktree").

REV Capital, the leading provider of factoring and cashflow financing in Canada and the United States announces appointment of Daniel Stacy as Executive Vice President of Business Development for its Commercial Finance Division.

Donald Porter, 83, Chairman and Co-founder of Porter Capital Corporation, passed away on August 31, 2022. A private family service will be held. Donald, with his brother, Marc Porter, founded Porter Capital Corporation, a secured lender, in 1991, with Donald managing the New York operations and Marc overseeing the office in Alabama. Donald returned to Alabama in 2012 and was active in the office until 2020. He continued to be involved in the corporate direction, as Chairman of the Board, until his death.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Jesse Nichols has joined the firm’s global Technology Group as a Managing Director covering the digital infrastructure sector. He is based in Boston.

Huntington Business Credit announced it closed a $35,000,000 new credit facility with Sports Endeavors, Inc. on August 18, 2022. Sports Endeavors, Inc. is a new portfolio investment for Seawall Capital LLC, a private equity investment firm located in Austin, Texas. Proceeds of the facility were used to finance the acquisition and provide ongoing working capital growth financing.

PWCC Marketplace, LLC—the leader in the trading card investment market—together with affiliates PWCC Services, LLC and PWCC Vault, LLC (collectively, "PWCC"), has established a $175 million asset-based credit facility (the "Financing") led by WhiteHawk Capital Partners, LP as sole lead arranger and book runner and Wingspire Capital LLC serving as revolver agent. D.A. Davidson & Co. served as exclusive financial adviser to PWCC for the Financing.

Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund") announced today that the Fund has entered into a new $40 million revolving credit facility (“Facility”), increasing and replacing a prior $35 million facility. The Fund has an accordion feature to increase to $75 million if mutually agreed by the Fund and Facility provider.

SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to Path Medical, LLC and its parent company, Path Medical Center Holdings, Inc. (collectively, “Path” or the “Company”) in the sale of substantially all of its assets to an affiliate of Physicians Group, LLC (“Physicians Group”). The sale was effectuated through a Section 363 sale process pursuant to a confirmed Chapter 11 Plan of Reorganization in the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced the expansion of its Phoenix-based middle market banking team with the addition of five new members to support its rapid growth in serving mid-size companies across Arizona.

Citizens announced today that it has provided a $100 million asset-based lending credit facility to Madawaska, Maine-based Twin Rivers Paper Company. Citizens is Lead Arranger and Administrative Agent. Twin Rivers is an integrated paper company that produces packaging, label, kraft, publishing, and technical specialty papers as well as dimensional lumber. The funds will be used to refinance existing debt and for working capital.

CIBC Innovation Banking is pleased to announce it has provided $40 million of debt financing to Huntress, a managed cybersecurity platform for small and mid-sized businesses (SMBs). Huntress plans to use the financing for M&A opportunities, research, product development, and expansion into international markets across Canada, the UK, Europe, Australia and New Zealand.

The client contacted Sallyport directly as they were struggling with their receivables collections and needed to utilize its expertise in accounts receivable management while using the influx of working capital to cover their payroll expenses. Now that they have the support of a complementary financial partner, they will concentrate on expanding their US business.

Business conditions in the American real economy imply no recession in the third quarter as the middle market remains on a path for growth, even as the market grapples with elevated inflation.