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  • WaFd Bank Promotes Veteran Banker
    October 3, 2022
    Washington Federal, Inc. (Nasdaq: WAFD) (the “Company”), parent company of Washington Federal Bank, “WaFd Bank” today announced the promotion of veteran commercial banker Dan LaCoste to lead the bank’s growing presence in Southern Oregon. An accomplished banker in Oregon, Dan joined WaFd Bank three years ago as Senior Vice President – Commercial Division Manager. In that short tenure his team has successfully grown the commercial loan portfolio by nearly a quarter of a billion dollars and deposit growth of more than $160 million dollars.
  • Sandra Herrera Joins Access Capital as Senior Collateral Analyst
    October 3, 2022
    Access Capital, Inc., the nation’s leading independent lender to the staffing and other industries, announced that it is continuing to expand its team as Sandra Herrera has joined as a Senior Collateral Analyst. She will be based in Chicago, IL Sandra brings over 25 years of experience to the position with both banking and non-banking lenders.
  • 61st ELFA Annual Convention Location Moved to JW Marriott Grande Lakes Resort in Orlando, FL
    October 3, 2022
    The 61st ELFA Annual Convention is still scheduled for Oct. 9-11. However, the event will be held in a new location: the JW Marriott Grande Lakes Resort in Orlando, Florida. The JW Marriott Grande Lakes in Orlando, which is 4.5 hours north of Marco Island, is fully operational and ready to welcome attendees.
  • Medexus and MidCap Agree to Increase in MidCap’s Revolving Loan Commitment Amount
    October 3, 2022
    Medexus Pharmaceuticals (Medexus) (TSX: MDP) (OTCQX: MEDXF) today entered into an amendment to the company’s revolving credit facility with a syndicate of lenders agented by MidCap Funding IV Trust (MidCap). Among other things, the amendment provides for a US$5.0 million increase in MidCap’s revolving loan commitment amount on substantially the same terms provided under the existing facility. Following the amendment, Medexus will have total borrowing capacity under the revolving credit facility of US$25.0 million subject to the borrowing base.
  • Heritage Cannabis Announces Second Amendment to Senior Secured Loan and a Facility Increase to $19.775 Million
    October 3, 2022
    Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), today announced that it has entered into a second loan amending agreement (the “Second Amending Agreement”) to an original loan agreement dated March 29, 2021, as amended October 4, 2021 with BJK Holdings Ltd. (“BJK”) in the total amount of $19.775 million across four facilities (collectively the “Loan”). ​
  • Alvarez & Marsal Appoints Andreas Lucido as a Managing Director and National Federal Practice Leader
    October 3, 2022
    Leading global professional services firm Alvarez & Marsal (A&M) announced that Andreas Lucido has been appointed as Managing Director with A&M’s Public Sector Services (PSS) in Washington, D.C. and National Federal Practice Leader. Mr. Lucido’s joining demonstrates A&M’s commitment to the Federal government with helping civilian and defense agencies enhance and transform their operations through strategic management solutions focusing on execution, accountability and results.
  • WSFS Names Six Associates to Senior Leadership Positions
    October 3, 2022
    WSFS Bank is pleased to announce that the following six Associates from across the organization have been elevated to Senior Vice President (SVP) positions: Ed Andrewlevich – SVP, Director of Analytics & Marketing Automation; Hugh Arbuthnot – SVP, Sr. Relationship Manager, C&I; Cindy Grimes – SVP, Applications & Data Services Manager; Rene Lopez – SVP, Audit Manager; Charles Nangeroni – SVP, Division Controller and William Womer – SVP, Sr. Relationship Manager, CRE.
  • Equifax Canada: Most Small Businesses Want Governments to do More to Offset the Rising Cost of Goods
    October 3, 2022
    Four-in-five (82 per cent) of small business owners want governments to do more to address inflation, according to a recent survey from Equifax Canada. Within a nationwide panel of 300 small business owners, 87 per cent said they have been forced to increase prices as a result of rising business costs and 78 per cent admit that this move is hurting their business.
  • Abacus Finance Provides Senior Debt Facilities to Support the Financing of Automated Handling Solutions by May River Capital
    October 3, 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 financing of Automated Handling Solutions by May River Capital. Abacus made an equity co-investment in Automated Handling Solutions.
  • Lang Joins CohnReznick as Managing Director, Valuation Advisory
    October 3, 2022
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Shlomo Lang has joined the firm as Managing Director in its Valuation Advisory Services practice. Based in New York, Lang has more than 22 years of experience providing a broad range of valuation and financial advisory services to public and private enterprises worldwide.
  • Celtic Capital Corporation Provides Funding Concrete Polishing and Restoration Services Provider
    October 3, 2022
    Celtic Capital Corporation announced its most recent new client relationship – a Tennessee-based provider of concrete polishing and restoration services. The Company was looking to refinance its bank debt and mezzanine financing as it was in violation of some loan covenants.
  • Six One Commodities Successfully Expands and Renews Revolving Credit Facility
    September 29, 2022
    ING Capital LLC, Wells Fargo Bank, N.A., MUFG Bank, Ltd., and Société Générale are Joint Lead Arrangers for the Facility. Other lenders in the facility are HSBC Bank USA NA and Coöperative Rabobank U.A. The Facility will continue to be used to provide liquidity for 61C’s growing physical business.
  • Gogoro Strengthens Capital Structure with New Credit Facility
    September 29, 2022
    Gogoro Inc. ( Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enables sustainable mobility solutions for cities, today announced it has signed a NT$10.7 billion (approximately $345 million)1 five-year credit facility agreement, with a two-year extension option, with a group of ten syndicated banks.
  • Katten Brings on New CFO Renée Lercher
    September 29, 2022
    Katten announced today its new Chief Financial Officer Renée Lercher, who served for several years as CFO at another AmLaw100 firm and most recently was CFO and corporate treasurer at a premier risk management, compliance, investigations, and monitoring firm.
  • 20 Moritt Hock & Hamroff Attorneys Named New York Metro Super Lawyers® & 6 Named New York Metro Rising Stars for 2022
    September 29, 2022
    The law firm of Moritt Hock & Hamroff LLP announced that Leslie A. Berkoff, Ted A Berkowitz, Michael Cardello III, James P. Chou, Robert S. Cohen, Theresa A. Driscoll, Andrew B. Eckstein, Robert M. Finkel, Robert J. Fryman, Stephen J. Ginsberg, Henry L. Goldberg, Marc L. Hamroff, Alan S. Hock, Dennis C. O'Rourke, Michael S. Re, Robert M. Tils, Jonathan Trafimow, David N. Wechsler, Alexander D. Widell and Peter B. Zlotnick have been named New York Metro Super Lawyers® for 2022. The firm further announced that Brian P. Boland, Matthew S. De La Torre, Alexander Litt, Dan Lust, Caitlyn M. Ryan and Kelly Schneid have been named New York Metro Super Lawyers Rising Stars for 2022.
  • Caymus Equity Acquires IT Staffing Platform, Seneca Resources, its Second Investment out of Caymus Equity Partners Fund II
    September 29, 2022
    Caymus Equity Partners LLC (“Caymus Equity”) has acquired Seneca Resources, LLC (“Seneca” or the “Company”), a rapidly growing IT staffing company based in Reston, VA, with additional offices in Richmond, VA, Atlanta, GA, Birmingham, AL, and Dallas, TX. The acquisition represents Caymus Equity’s third staffing investment and the second investment out of Caymus Equity Partners Fund II.
  • PPL Group Auctioning $10MM of Late Model Construction Equipment
    September 29, 2022
    PPL Group and Alex Lyon & Son are auctioning about $10MM worth of very late model construction equipment on September 30 in Charlottesville, VA. The joint venture bought all the personal property assets of AG Dillard, Inc. who filed for Chapter 11 Bankruptcy earlier this year.
  • Express Trade Capital (ETC) Lets The Dogs Out With Factoring and PO Funding Lines For A Canine Baked Goods Co.
    September 29, 2022
    To facilitate growth, ETC laid out two bowls of funding: a factoring line capped at $4.5MM and a PO funding line of $500,000. The two lines will expand, contract, and otherwise adapt based on the client’s sales revenue and history.
  • Cambridge Savings Bank Provides Strategic Capital Empowering Metro Walls to Become Employee-Owned
    September 28, 2022
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced it has provided a loan to finance the rollout of an Employee Stock Ownership Plan (ESOP) for Metro Walls, a full-service commercial framing, drywall, and acoustical company with locations across New England.
  • King Trade Capital Provides $2.5 Million Purchase Order Facility for Flu Vaccine
    September 28, 2022
    King Trade Capital (“KTC”) is pleased to provide a unique finance solution to support a provider of seasonal onsite flu vaccine clinics. KTC’s client has been in business for over 20 years focusing on providing onsite vaccine clinics at their customers facilities.
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