Assembled Brands is pleased to announce its new partnership with GiftTree, an online retailer that specializes in gourmet gifts, premium wines and superior-quality gift baskets & boxes. The company is also expanding its winery, Renoir Estates Winery. Assembled Brands is pleased to announce its new partnership with GiftTree, an online retailer that specializes in gourmet gifts, premium wines and superior-quality gift baskets & boxes. The company is also expanding its winery, Renoir Estates Winery.

In announcing a plan to turnaround its business, Bed Bath & Beyond on Wednesday said it would lay off about 20% of its corporate and supply chain staff and close more than 150 stores. Current store openings and store remodels have paused, CFO Gustavo Arnal said on an investor call. The troubled home retailer also secured $500 million in new financing, including its recently expanded $1.13 billion asset-backed revolving credit facility and a new $375 million “first-in-last-out” facility, according to a company press release. The ABL was led by J.P. Morgan and the FILO was led by Sixth Street Partners, which has worked with retailers like Designer Brands and J.C. Penney.

Farmer Bros. Co. (NASDAQ: FARM) ( “Farmer Brothers” or the “Company”) today announced that the Company has successfully completed the refinancing of its credit facility with Wells Fargo N.A., consisting of a new, five-year $47.0 million first lien secured credit facility with increased covenant flexibility (the “Refinancing”). The refinancing, which is a low-cost transactional amendment to Farmer Brothers’ previously amended existing ABL credit facility, is expected to provide the Company with approximately $2.0 million in cash savings per year compared to the previous facility.

A federal bankruptcy judge in New York has approved an agreement that would resolve years-long litigation between Sears Holdings and former CEO Eddie Lampert as well as other former executives and investors with the company, according to reports in Law360 and Bloomberg Law and confirmed by a source with knowledge of the case. The $175 million settlement, to be paid in large part by insurers, clears the way for an end to Sears Holdings’ Chapter 11 case, which was filed in October 2018. The parties were ordered to mediation earlier this year.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3.5MM A/R only credit facility to a fifty-year-old materials recycling company based in the Western Region. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and will provide ongoing working capital support. Jason Anish, President & CEO said, “AFS is pleased to be a valued lending partner to a recognized industry leader, whose focus is to continue to grow and innovate its offering in the marketplace.” He continued, “we strive to provide our customers with flexible and dependable capital solutions with a best-in-class service experience in our industry.”

Sucro Can Sourcing LLC, a rapidly growing integrated sugar refiner, and Rabobank, a global financial services leader in food and agribusiness, announced the successful closing of a $225 million senior secured credit facility. As a highly integrated sugar refiner operating primarily in North America, Sucro's mission is to be the leading alternative integrated sugar supplier in North America, leveraging its processing footprint and supply chain innovations to fully service sugar users. Sucro's relationships and efficient operational model has established the company as a dynamic sugar trade partner for sugar mills, processors, distributors and industrial customers.

CIT Bank, the national online bank, today announced that it has been ranked as No. 1 in the nation for humanizing the customer experience in an independent survey conducted by American Banker in partnership with Monigle, a brand experience agency. The survey, which covered more than 50 financial institutions, ranked CIT Bank in first place for each of four key aspects of customer experience excellence -- behavioral, intellectual, emotional and sensorial.

LSQ, a leading provider of working capital finance and payments solutions, recently expanded its relationship with Wilson Creek Energy by originating a $15 million credit facility for the Pennsylvania-based metallurgical coal producer. The company will use the additional capital to expand their operations and take on new clients.

nFusion Capital, a private working capital finance company providing customized financing solutions to small and medium-sized businesses, announced the opening of an office in Phoenix, Arizona. The new office will allow nFusion Capital to better serve its referral network and client base in the Western United States and support its overall growth strategy. Anthony Fortunato and Adam Keck will co-lead the Phoenix office.

Celtic Capital Corporation today announced its most recent new client relationship – a Colorado- based manufacturer of plant-based food products. This business had the opportunity to acquire another plant-based food manufacturer with complementary products. After being referred to Celtic Capital by a trusted referral partner, the Company approached Celtic Capital to finance both its existing equipment and that which was being acquired to provide the funds necessary to close the acquisition. Celtic Capital provided a $790,000 equipment loan to seal the deal.

NewAge Inc NBEV.O, which describes itself as a direct-to-consumer seller of health and wellness products, filed for bankruptcy on Tuesday, three weeks after receiving a default notice on a loan agreement.

Flexent is happy to announce that industry veteran Greg Dyson has joined the company. Dyson joins Flexent as a District Sales Manager. Dyson, originally from Las Vegas, is currently based in Houston and will represent Flexent in Texas and the surrounding states. He has committed to providing the highest level of service and integrity to this industry by assisting companies with a solution to their working capital needs.

Vielehr to lead and scale Apollo’s operating platform globally. Apollo (NYSE: APO) today announced that Byron Vielehr has been named Partner and Chief Operating Officer (COO) of Apollo Asset Management, Inc. (NYSE: AAM PrA, AAM PrB), effective September 30th, 2022. Vielehr will work with the leadership team to shape and support the firm’s strategic growth plan, scale Apollo’s global operating platform and harness the power of technology across the firm.

Huntington Business Credit announced it closed a $35,000,000 new credit facility with Sunbelt Modular, Inc. on August 15, 2022. Sunbelt Modular, Inc. is a new portfolio investment for MSouth Equity Partners, a private equity investment firm located in Atlanta, Georgia. Proceeds of the facility were used to finance the acquisition and provide ongoing working capital growth financing.

White Oak Healthcare Finance LLC (“White Oak” or “WOHCF”) acted as sole lender and administrative agent on the funding of a $42.3 million asset-based senior credit facility for Cascadia Healthcare, Inc. (Cascadia). The funds will primarily be used to fund Cascadia’s growth and ongoing working capital. Cascadia operates skilled nursing facilities located in Idaho, Washington, Oregon, Montana, Arizona and New Mexico.

Monroe Capital LLC (“Monroe”) today announced Amanda Tallman has joined the firm as Vice President, Direct Originations. Amanda will be responsible for originating transactions direct to non-sponsored and family-owned businesses. She will be based in the firm’s Chicago office.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3.5MM A/R only credit facility to a fifty-year-old materials recycling company based in the Western Region. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and will provide ongoing working capital support.

TAB Bank is pleased to announce it has provided a wood products distribution company in Arkansas with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is a custom millwork and wood products distribution company, specializing in hardwoods, hinges, slides, adhesives, and warehousing, primarily targeting the custom cabinet manufacturing industry.

A $500,000 full notification factoring facility has just been finalized for a growing wholesaler of seafood products based on the East Coast of Canada. The client was referred directly to Sallyport by another factor who held a long-standing relationship with the customer over the past decade but was soon to retire. Now that the client has the additional working capital they need, they’re free to concentrate on expanding the business from the East Coast where the majority of their business is done, into new regions across Canada and also into the US.

SLR Equipment Finance is pleased to announce John Gougeon has joined our company as a Director of Asset Management. In his position, John will play a key role as we seek to improve the Asset Management Function of the company. John was last with Bank of America Global Leasing and brings years of equipment finance experience. “I am excited to be a part of the expansion of SLR EQF’s Asset Management team.” John said. “SLR EQF has established itself as a leader in providing unique and creative financing solutions to its partner clients. “I look forward to increasing SLR’s asset management presence in the market place”.