Tiger Group is auctioning more than 300 lots of machinery and equipment from South Gate’s century-old Bell Foundry Co. In addition to nine Fadal and Doosan CNC vertical machining centers, the online auction on Aug. 16 includes furnaces, molders, cranes, air compressors, rolling stock, and tooling and warehouse equipment.

Farmer Bros. Co. (NASDAQ:FARM) ( “Farmer Brothers” or the “Company”) today announced that the Company had amended (the “Amendment”) its ABL credit facility with Wells Fargo Bank, N.A., providing further flexibility and additional liquidity under its current revolving credit facility.

The New Jersey-based company entered bankruptcy with $824 million in debt, and has proposed a restructuring plan that would cut the overall debt load to $690.3 million and allow the company to emerge from Chapter 11 by the end of August.

New data released from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Max M. Fisher College of Business, reveals that middle market firms are continuing to report sustained growth despite ongoing macroeconomic pressures.

Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the second quarter and six months ended June 30, 2022.

Prestige Capital is pleased to announce that Umberto G. DiStefano has joined the company as Sales Director- MidAtlantic. Umberto, previously a Product Manager at Coface North America, where he sold insurance products to B2B, small and medium size businesses, will be responsible for expanding Prestige Capital’s brand and business in the Mid-Atlantic market.

Winston & Strawn advised ACON Investments, a private equity investment firm based in Washington D.C., in the closing of ACON Strategic Partners II, a new single-asset continuation fund of approximately $700 million in connection with the partial sale of its ACON Equity Partners IV portfolio investment in New Era Cap as well as an increase in its existing ownership stake in New Era Cap.

PNC Bank today announced the appointment of financial services veteran and Silicon Valley native Megan Schoettmer as regional president for Northern California. The appointment marks PNC’s continued expansion in the Golden State, including earlier announced regional presidents in Greater Los Angeles, Orange County/Inland Empire and San Diego.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Luiz Greca has joined the firm’s Healthcare Group as a Managing Director to lead the firm’s Healthcare IT (HCIT) practice in the U.S. He is based in the Miami office. Mr. Greca joins from William Blair & Company, where he spent nearly a decade advising clients on M&A, corporate divestitures, and capital-raising transactions across the HCIT sector.

Strategic Value Partners, LLC (together with its affiliates, "SVPGlobal"), a global investment firm focused on private credit opportunities with over $18 billion of assets under management, today announced that Brian Himot has joined the firm as Head of Structured Capital to lead mezzanine and structured equity investing. Mr. Himot will also serve on SVPGlobal's Management Council.

Waterfall Asset Management, an alternative asset manager, today announced the establishment of its Hong Kong office to enhance its capabilities in the Asia-Pacific region. Alistair Ho, who recently joined the firm as Managing Director and Head of Asia-Pacific ("APAC"), has more than 18 years of experience in the region's credit markets, will lead the office.

Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, is pleased to welcome Clint Crews as their Head of Colorado Commercial and Specialty Lending.

In this role, Mark is responsible for overseeing all aspects of credit risk management in the Americas region. He reports to Kim Olson, Americas Chief Risk Officer, and Yasuhori Takahasi, Global Head of Credit, based in Tokyo.

Columbia Pacific Advisors' Business Finance strategy (CPBF), a Seattle-based direct lender to privately-held and sponsor-backed companies, is pleased to announce that it has provided a $17 million senior secured term loan to support the acquisition of Signal Hound, Inc. (Signal Hound). The radio frequency (RF) equipment firm is set to be acquired by Portland-based independent sponsor, Bridgehouse Capital.

FreshBooks, a leading accounting software with paying customers in 160+ countries, today announced that it has secured a $100 million USD syndicated debt facility with BMO Financial Group (BMO) and J.P. Morgan (JPM). The facility also includes an uncommitted accordion feature of $25 million USD, for a total borrowing capacity of up to $125 million USD.

Solifi, a global fintech software provider for secured finance, announced that British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering.

Liz joins Alston & Bird from a National Law Journal 2022 top-50 firm, where she was counsel. She brings more than 15 years of experience representing banks and other financial institutions in single-lender and syndicated commercial debt financing transactions, such as revolving and term loan credit facilities, and advising clients regarding structuring of financing transactions.

Access Capital recently partnered with a premium digital publishing company to support a re-capitalization and continued growth. The company has a portfolio of brands, many of which are considered top thought leaders in the marketplace.

Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Frank Morton to lead the firm’s disposition, financing and investment offerings across retail, brands, commercial and industrial globally as Chief Investment Officer. Morton will also join the board of directors.

BofA Securities, Inc. acted as the book runner and joint lead arranger for the syndicated credit facility. Bank of Montreal acted as lender, joint lead arranger, and syndication agent. MUFG Union Bank, N.A. acted as lender and co-documentation agent. Keybank National Association acted as lender and co-documentation agent. Bank of America, N.A., and Washington Federal Bank, National Association also acted as lenders. Bank of America, N.A. will also serve as administrative agent.