The Merchant Opportunities Fund, a Vancouver-based private debt fund focused on investing in specialty finance portfolios, today announced that it has increased its revolving debt facility with the Bank of Montreal ("BMO"). The facility now consists of a $27.5 million funding commitment with a two-year term along with a $12.5 million accordion.

As part of its effort to boost balance-sheet flexibility, Crown Castle International Corp. CCI recently raised the commitments under its senior unsecured revolving credit facility by $2.0 billion. It has also increased the maturity of the entire credit facility to July 2027. Now, Crown Castle’s credit facility comprises a $7.0 billion senior unsecured revolving credit facility and a $1.2 billion senior unsecured term loan A facility.

Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $2,000,000 stand-alone inventory revolving line of credit to a CBD wellness retailer. The company’s online presence has been rapidly growing since 2017 and most recently, embarking on wholesale distribution. Facing federal regulations and difficulties obtaining traditional banking relationships, the company was referred to IHC through a preferred lender’s network.

The law firm of Moritt Hock & Hamroff has announced that Marshall O. Dworkin and Rohan Maitra have joined the firm as associates. Mr. Dworkin has joined the firm's Litigation Practice Group, resident in the New York City office. Mr. Maitra has joined the firm's Secured Lending & Finance Practice Group, resident in the New York City office.

Carlyle Global Credit is proud to have led the refinancing in support of American Industrial Partners’ portfolio company The Carlstar Group. Founded in 1917, Carlstar is a market leading manufacturer of specialty tires and wheels with 7,500+ products that the Company sells to original equipment manufacturers (OEMs) and aftermarket customers.

Agility Capital, an innovative lending company, announces that the firm participated in a syndicate of lenders on a recent financing of CLI Studios, the global leader in online dance education. Agility partnered with Kiso Capital and Top Mark Capital Partners in this financing.

MidCap Financial, a leading commercial finance company focused on middle market transactions, announced this week it has provided a senior secured credit facility to Echelon Fitness Multimedia LLC and Echelon Fit Canada Inc. (“Echelon”). Proceeds from MidCap will be used on Echelon’s business needs by providing ongoing working capital for growth and expansion.

John Hancock Investment Management, a company of Manulife Investment Management, and Marathon Asset Management announced today the launch of John Hancock Asset-Based Lending Fund (the fund). The fund is subadvised by Marathon Asset Management (Marathon), a leading global credit investor with nearly 25 years of experience successfully investing across multiple sectors, including structured credit and asset-based lending (ABL), where it has deployed more than $20 billion over its history with approximately $23 billion in assets under management as of December 31, 2021.

Wells Fargo announced today that Kleber Santos has been appointed the company’s CEO of Consumer Lending, effective immediately. Santos will lead all aspects of Wells Fargo’s Consumer Lending business, including Home Lending, Auto, Credit Cards and Merchant Services, and Personal Lending.

Greenspoon Marder is pleased to announce the expansion of the firm's Bankruptcy & Reorganization practice group with the addition of a dedicated team of bankruptcy professionals that comprises nine attorneys and eight staff members from SulmeyerKupetz – one of the premier business, financial restructuring and litigation firms in California.

HPD Lendscape, a leading secured finance technology provider, has evolved its brand to reflect the company’s market position and progressive approach to the financial sector. As part of this initiative, the business has changed its name from HPD Lendscape to Lendscape – matching the name of its market-leading software platform.

Pryor Cashman is pleased to announce that Robert M. Friedman and Richard C. Leska have joined the firm as Partners in the Corporate Group. Friedman was formerly a partner at Moses & Singer; Leska was formerly a partner at Meister Seelig & Fein.

Haversine Funding announced the following recently closed transactions: $3,000,000 of a $6,000,000 participation in an asset-based line to a technology-enabled healthcare management company and a $2,000,000 of a $4,000,000 participation in a commercial real estate transaction.

Providing companies and their advisors with fast access to reliable working capital solutions has always been at the center of Gibraltar Business Capital’s (“GBC”) mission. GBC is taking that commitment a step further by extending its financing levels to serve companies with greater capital needs. GBC is pleased to announce Gibraltar Business Capital is now able to offer asset-based loans up to $100 million.

Lazard Ltd (NYSE: LAZ) announced today that Ajay Dhankhar has joined the firm as a Managing Director in the Healthcare Group within Financial Advisory, effective immediately. Based in New York, Mr. Dhankhar will serve as Global Head of Medical Technology, Diagnostics and Tools. He will also advise clients in other healthcare segments, including biopharmaceuticals, and healthcare information and technology.

CIT, a division of First Citizens Bank, today announced it has hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business. Samuels will be based in Charleston, South Carolina, with a focus on asset-based lending business development across the Southeast region.

NewAge, Inc. (Nasdaq: NBEV) (the “Company” or “NewAge”), today announced that Kevin Manion, Chief Financial Officer, departed the Company as of July 1, 2022. Lawrence Perkins, who along with his firm SierraConstellation Partners LLC have been engaged to provide Chief Restructuring Officer (CRO) and other services to the Company, will assume the role of the Company’s principal financial officer on an interim basis.

WSFS Financial Corporation (NASDAQ: WSFS) today announced it sold the business of BMT Insurance Advisors (BMTIA), an independent insurance brokerage and risk management consulting firm throughout the United States that builds custom insurance solutions for consumers and businesses, to Patriot Growth Insurance Services, LLC (Patriot). The deal includes an offer of continuing employment for all BMTIA Associates and is not expected to materially impact future earnings.

H.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with $50 billion of capital under management, is pleased to announce that Alejandra Arguello has joined the firm’s Capital Formation Group as a Managing Director, based in New York City.

Blank Rome LLP is pleased to announce that Rebekah Prince has joined the firm’s Corporate, M&A, and Securities practice group as a partner in the Los Angeles office. Rebekah’s diverse corporate practice includes representing public and private companies as well as clients in the sports, media and entertainment, and franchising industries. She joins the firm from Barnes & Thornburg LLP.