CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided $30 million for the acquisition of an apartment complex in Phoenix, Arizona. The Madison Grove Apartments is a 171-unit multifamily complex located in the North Phoenix area, located between Piestewa Peak Park and Scottsdale. The residences are within convenient walking distance to restaurants, shopping and parks and the complex features numerous on-site amenities.

Prestige got to work pulling together a group of four additional finance companies to ensure the staffing agency had what it needed. The syndication included: Rosenthal & Rosenthal, Lenders Funding, Sterling Commercial Credit, and Great Elm Capital. Together, they were able to secure the $100M.

Air Industries Group (NYSE American: AIRI), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced that Webster Bank (formerly Sterling National Bank) has agreed to expand the size of its existing Term Loan and establish a Capital Expenditure Line of Credit to finance future purchases of machinery and equipment.

CVG (NASDAQ: CVGI) ("CVG" or the "Company") today announced that on May 12, 2022 it had entered into an amendment to increase its existing senior secured credit facilities to $325 million from $275 million consisting of a $175 million Term Loan A (the “Term Loan A”) and a $150 million Revolving Credit Facility (the “Revolver” and together with the Term Loan A the “Senior Secured Credit Facilities”).

CIBC Innovation Banking is pleased to announce $35 million of growth capital financing to Salt Lake City-based Impartner Inc. (“Impartner”), a leading partner relationship management (PRM) platform. Impartner plans to use the financing to increase its investments across sales & marketing, go-to-market strategy, and research & development to further accelerate its growth momentum.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced the expansion of its middle market banking division into Colorado with the addition of Shawn J. Thompson as market director. One of Colorado's leading banking executives, Thompson brings more than 25 years of experience building high-performing teams and advising some of Colorado's most prominent mid-size companies.

Jason Griffith, an accomplished deal lawyer who advises private equity firms, companies and family offices in corporate transactions of all sizes, has joined McGuireWoods’ global private equity team as a partner in Chicago. Griffith counsels clients in mergers, acquisitions, dispositions, minority investments and restructurings, as well as general corporate matters.

The DIP financing consists of an asset-based revolving credit facility and a term loan facility (together, the “DIP Facilities”). The DIP Facilities are being provided by the Company’s pre-petition lenders, which include Bank of America, N.A. ("BANA"), other institutional lenders and affiliates of Pathlight Capital LP ("Pathlight"). BANA and Pathlight, respectively, will act as administrative agent and collateral agent under the DIP Facilities.

Altimer Capital today announced its launch as a new alternative asset management firm targeting credit opportunities in the rapidly growing area of digital transformation. The new private credit and structured equity firm will offer innovative and customized financing solutions to support small and mid-sized companies that provide or deploy technology to drive business agility and resilience.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Commercial Lending team provided a $2.1 million commercial real estate mortgage and construction to permanent loan to acquire and renovate a new building in Hingham, Massachusetts to a special purpose entity controlled by Stephanie Hernan, President of Yankee Trader Seafood (YTS), in addition to a $300,000 working capital line of credit.

Bank of China London Branch, a UK leader in international trade financing for over 90 years, has entered an alliance with fintech technology solutions provider LiquidX for accounts receivable and supply chain finance. LiquidX is providing Bank of China London Branch with a state-of-the-art customized trade finance platform with integrated back-office program administration and built-in distribution capabilities.

Wingspire Capital LLC provided a $30 million revolving line of credit to Ashley Stewart to refinance debt and to support future growth. Ashley Stewart is an omni-channel retailer that sells apparel for plus-size women. Founded in 1991 and based in Secaucus, New Jersey, Ashley Stewart has 81 retail stores and a growing e-commerce platform that drove sales during the pandemic.

Horizon Technology Finance Management LLC ("Horizon"), a registered investment adviser that underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries, and the manager and adviser for Horizon Technology Finance Corporation (NASDAQ: HRZN), today announced that it has added six professionals across its operations, legal and investment teams.

The $500 million term debt financing (the “2022 Incremental Term Debt”) was completed by means of a 2022 Incremental Amendment through RH’s subsidiary, Restoration Hardware, Inc. (“RHI”), as the borrower, and Bank of America, N.A. as administrative agent .

-Monroe Capital LLC today announced Gila Cohen has joined the firm as Managing Director, Head of Global Institutional Partnerships based in the firm’s New York office. She will be responsible for new initiatives to expand Monroe’s global footprint, among institutional investors, focusing on the high growth Opportunistic and Real Estate private credit areas of the firm.

Apple Bank today announced that it is establishing an Equipment Finance Group to be headed by industry veteran Ken Walters and an initial core team of seven that has worked together for many years. The group, part of Apple Bank’s growing Commercial and Industrial (C&I) lending practice, will launch mid-May.

Katten announced today that Lori Jacobs has joined the Financial Markets and Funds group in Washington, DC as an associate and the firm's first OnRamp Fellow, returning to the legal profession after taking time off to raise her children.

Paul Hastings, a global law firm advising leading financial institutions, asset managers, and corporations, today announced the addition of a high-profile group of laterals specializing in Projects and Project Finance in Energy Transition and Infrastructure from Shearman & Sterling.

Vision Ridge Partners, LLC (“Vision Ridge”), a preeminent investor in sustainable real assets, today announced the sale of a portfolio of mitigation banking assets in southeast Texas. Over the past 5 years, Vision Ridge partnered with The Earth Partners, an ecological restoration company that seeks to maximize environmental, social, and financial outcomes, to develop and manage the portfolio.

Global law firm Norton Rose Fulbright today announced that environmental regulation and government affairs lawyer Scott Burton has joined the firm as a partner in its Los Angeles and Washington, DC offices.