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  • Consolidated Communications Announces Extension of Revolving Credit Facility
    November 28, 2022
    Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company”) announced the next step in positioning the Company to continue to execute on its Fiber-to-the-Premise (“FttP”) expansion plan to upgrade 1.6 million locations by the end of 2025. Consolidated has extended the maturity of its $250 million revolving credit facility (the “Revolver”) by two years from 2025 to 2027, subject to springing maturity, and enhanced its financial flexibility under the Revolver.
  • Bonterra Announces New $110 Million First Lien Credit Facility; $95 Million Term Debt Financing; Repayment of $47 Million BDC Term Facility; and Provides Strategic Outlook
    November 28, 2022
    Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce the completion of the restructuring of the Company's debt capitalization through the closing of two new credit facilities (the "New Credit Facilities"). The New Credit Facilities are comprised of (i) a $110 million first lien secured credit facility (the "First Lien Facility"); and (ii) a $95 million second lien secured term debt facility (the "Term Debt Facility"). Simultaneously with the closing of the New Credit Facilities, the Company has fully repaid its $47 million Business Development Bank of Canada ("BDC") Term Facility.
  • OTC Global Holdings (OTCGH) Secures $55 Million Loan to Fuel Strategic Growth
    November 28, 2022
    OTCGH intends to use the proceeds to fuel its strategic acquisitions roadmap and continue to recruit top brokerage talent. "We are very excited about our markets and the prospect of opportunity that the partnership with H.I.G. Whitehorse offers for us to continue to innovate in every commodity market around the world," added Joe Kelly, President and Co-CEO of OTC Global Holdings.
  • 1st Source Announces Two Promotions with an Eye on the Future
    November 28, 2022
    Effective December 1, 2022, Andrea G. Short, President of 1st Source Bank will also become its CEO. Christopher J. Murphy III will remain Chairman, President and CEO of 1st Source Corporation and Chairman of 1st Source Bank. In her new role, Ms. Short will have Personal Banking, Business Banking, Specialty Finance, Wealth Advisory Services, Credit, and the Operations functions of the Bank reporting up through her. She remains an Executive Vice President of 1st Source Corporation.
  • Fifth Third Bank Provides a New $25 Million Asset Based Lending Revolving Credit Facility to Support the Acquisition of Capital Pump & Equipment, LLC
    November 28, 2022
    On August 31, 2022, Harkness Capital Partners ("HCP"), a New York-based private equity firm focused on investments in leading service-oriented companies, completed an investment in Capital Pump & Equipment ("CPE"), a specialty pump rental and services platform based in Chandler, Arizona. HCP brings deep operating experience in specialty rental and in partnering with management teams in support of business building and growth initiatives. Fifth Third Bank provided a new Revolving Credit Facility to assist in facilitating the investment and to provide funding going forward to support CPE's growth strategy and build-out of new branch locations.
  • HBT Financial, Inc. Announces Executive Officer Transition Plans
    November 28, 2022
    HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT”), the holding company for Heartland Bank and Trust Company (“Heartland Bank”), today announced that Patrick F. Busch, Executive Vice President and Chief Lending Officer of the Company and President and Chief Lending Officer of Heartland Bank, will step down from these roles on December 31, 2022.
  • BMO the Top Ranked Financial Institution on New Global Sustainability Benchmark Announced at COP 27
    November 28, 2022
    BMO has been recognized as the world's top ranked financial institution by the World Benchmarking Alliance's new global benchmark (WBA) for helping make progress in support of a just and sustainable economy. The WBA noted BMO's strong performance across all three measurement areas, noting it is one of the few financial institutions that has set targets for both environmental and social impact of its financing activities and tracks progress against them.
  • National Capital Bancorp, Inc. Announces Richard B. (Randy) Anderson, Jr. to Retire
    November 28, 2022
    National Capital Bancorp, Inc. (the “Company”) announced today that Richard B. (Randy) Anderson, Jr. has decided to retire as Chief Executive Officer of its subsidiary, The National Capital Bank of Washington (the “Bank”) on December 31, 2022 after a distinguished 47-year career including the last seven years with the Bank. Mr. Anderson will continue to serve as President and Chief Executive Officer of the Company and a director of the Bank.
  • J D Factors Announces Factoring Facilities
    November 28, 2022
    J D Factors announced it has provided the following factoring facilities: $200,000 to a transportation company in Illinois; $300,000 to a transportation company in Delaware; $150,000 to a transportation company in Texas; $400,000 to a transportation company in California.
  • Stonebriar Commercial Finance Closes a $75 Million Sale-Leaseback for Private Equity Backed Beverage Manufacturer
    November 28, 2022
    Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $75 million sale and leaseback of beverage production and packaging equipment for a market-leading co-manufacturer of high-growth beverages in the U.S. The lease proceeds will be used to support the lessee’s strategic investments in its various facilities and for general corporate purposes.
  • LSQ Ramps Up Funding for Utilities Staffing Firm Working to Fully Restore Service After Hurricane Ian
    November 28, 2022
    When Hurricane Ian hit Florida in late September, more than 2.5 million homes and businesses were without electricity throughout the state. Once the danger from the storm subsided, crews quickly got to work assessing the damage and planning restoration of power. One such company - based in Orlando - was the first on the scene in many parts of the state and its team realized that in order to get vital utilities restored quickly, they were going to need to ramp up quickly. That would require more people - and getting those people was going to take working capital.
  • Windstream Announces New Term Loan and Revolver Extension
    November 28, 2022
    Windstream Holdings II, LLC, (the “Company”) today announced the completion of a new $250 million Super Senior Incremental Term Loan as well as a refinancing of its existing revolver that will extend the revolver maturity to 2027 from 2024.
  • Great Rock Capital Adds Senior Originator in New York Market
    November 28, 2022
    Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Stephen Shelton has joined the firm as Managing Director of Originations. Stephen will be responsible for expanding the firm’s origination efforts throughout New York City and the surrounding area.
  • Orange Signs an Agreement for a Sustainability-linked Refinancing of its €6bn Syndicated Credit Facility With 27 Banks
    November 28, 2022
    Orange signed today with 27 international banks a new Sustainability-linked multi-currency EUR 6 billion syndicated revolving facility in order to refinance in advance the existing facility expiring December 2023. This Sustainability-linked refinancing reflects the Group's commitments in terms of environmental and social responsibility, as the margin is linked to the achievement of sustainability targets relating to CO2 emissions (Scopes 1 & 2, Scope 3), supporting its aim to become Net Zero Carbon by 2040, and gender diversity.
  • New York Court of Appeals Sets Important Precedent for Secured Lenders
    November 28, 2022
    As previously reported, in early 2022, the New York Court of Appeals granted the request of the Secured Finance Network (SFNet) to appear as amicus curiae in support of a secured lender’s appeal of problematic rulings issued in litigation between Worthy Lending, LLC and New Style Contractors, Inc. SFNet believed that the lower courts’ rulings were inconsistent with established commercial law and practice and, if allowed to stand, would operate to the detriment of secured lenders, borrowers and account debtors.
  • Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of Pinnacle Clinical Research by LongueVue Capital
    November 28, 2022
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the leveraged buyout of Pinnacle Clinical Research, LLC by LongueVue Capital. Additionally, Abacus made an equity co-investment in Pinnacle Clinical Research.
  • Stradley Ronon’s Bill Sasso to Chair Pennsylvania Gov.-Elect Josh Shapiro’s Transition Leadership Board
    November 28, 2022
    Longtime Stradley Ronon leader Chairman Emeritus Bill Sasso was selected as chair of Pennsylvania Gov.-Elect Josh Shapiro and Lieutenant Gov.-Elect Austin Davis’ Transition Leadership Board on Nov. 22. Bill will help lead the “diverse, dynamic, bipartisan group” to ensure a smooth transition from the Gov. Wolf Administration to the historic Shapiro-Davis Administration.
  • Cushman & Wakefield Arranges $25M in Revolving Credit Facility For Epum Holdings
    November 28, 2022
    Cushman & Wakefield announced today that the real estate services firm served as the exclusive advisor to Epum Holdings (“Epum”) in the structuring of a senior secured revolving credit facility with initial loan proceeds of $25 million and the ability to increase to $50 million over time. Epum currently owns five marinas, and the facility is meant to help Epum continue to grow their marina portfolio in the eastern United States.
  • PayUp Announces Partnership with nFusion Capital
    November 28, 2022
    Peter Rex, founder and Executive Chairman of Rex, announced that PayUp, a Rex company, has partnered with Austin-based nFusion Capital. PayUp is a technologized early payment solution for small and medium-sized businesses ensuring convenient and affordable access to capital. nFusion Capital is a private working capital finance company delivering customized financing solutions to small and medium-sized businesses.
  • Balance Partners With Viola Credit to Power Merchants’ Ecommerce Growth
    November 28, 2022
    -Balance, the leader in B2B payments specializing in financing and ecommerce, has announced a $350 million credit facility from Viola Credit to continue enabling B2B commerce and ease working capital. This announcement comes on the heels of Balance’s $56M in Series B financing round to help merchants and marketplaces scale ecommerce payments with instant financing and a B2B checkout.
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