Bridge Bank today announced its Structured Finance Group has closed on credit facilities totaling $7.5 million for San Diego-based Blue Sky eLearn. Blue Sky eLearn, sponsored by McCarthy Capital, plans to use the funds as working capital to support its growth.

Annaly Capital Management Inc. agreed to sell its middle market lending portfolio to Ares Capital Management LLC, a subsidiary of Ares Management Corp. Ares Capital Management entered into a definitive agreement to acquire, on behalf of funds managed by Ares Management's credit group, the middle market lending portfolio from Annaly for approximately $2.4 billion.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization and future growth of Dealer Services Network (“DSN”) by private equity sponsor Frontenac.

Winston & Strawn represented Convene, the leading hybrid meeting, event, and workspace provider, in its recapitalization plan, led by HBC, a holding company at the intersection of real estate, technology and retail, and a fund managed by the Private Equity Group of Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager.

Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the successful closing of a $3.5MM commercial real estate bridge loan for a troubled property located in Phoenix, Arizona. The property, which had been vacant since the onset of COVID-19, sustained fire damage during the vacancy period and was the subject of a foreclosure sale slated to take place in late March 2022.

InterNex Capital provided a $1.5 million line of credit to a technology company serving the construction industry and based in the Northeast US. The company sought a flexible funding facility to support their projected growth and capital requirements, and an integrated technology solution to enhance their overall working capital and receivables management processes.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to DSG Consulting, LLC on its sale to Corporate Visions, Inc., a portfolio company of The Riverside Company. DSG is a technology-enabled growth consultancy that helps B2B companies accelerate revenue growth through a modern video-based playbook approach

Rothschild & Co and JP Morgan have been identified as the top mergers and acquisitions (M&A) financial advisers in South & Central America region for Q1 2022, according to the latest Financial Advisers League Table by GlobalData.

JPMorgan Chase Bank, N.A. and Citibank, N.A. were the Joint Lead Arrangers and Joint Book Runners, with JPMorgan Chase Bank, N.A. as Administrative Agent, and Citibank, N.A. as Syndication Agent. BMO Harris Bank, N.A., Citizens Bank, N.A., KeyBank National Association and TD Bank, N.A. also participated in the Term Loan.

New Market Bank and Teslar Software today announced their partnership to streamline the bank’s commercial and consumer lending processes. The bank will leverage Teslar’s configurable lending process automation platform, starting with exceptions management.

Crossroads Financial, LLC announced it provided inventory revolving lines of credit for a manufacturer and distributor of art glass and tile and a manufacturer of upstream and midstream process and production equipment for the oil and gas space.

Fifth Third Bank, National Association, announced Art Weston will be rejoining the Bank in a newly created role to deploy artificial intelligence at scale delivering leading customer experiences in assisted self-service channels. As director of automated channel transformation, Weston will be responsible for developing and executing artificial intelligence capabilities into the Bank’s customer experience across all consumer channels.

Charlesbank Capital Partners, a middle-market private investment firm, is pleased to announce the appointment of Jerome McCluskey as Managing Director and General Counsel. Mr. McCluskey is an experienced transactional lawyer with an expansive and varied two-decade legal career in the public and private sectors. He joins Charlesbank from Milbank LLP.

Savara Inc. (Nasdaq: SVRA), a clinical stage biopharmaceutical company focused on rare respiratory diseases, today announced that it entered into a term loan agreement of $26.5 million with Silicon Valley Bank to replace its existing credit facility with the bank. The new facility represents a significant improvement in economic terms, including a lower interest rate compared to the existing loan rate and an initial 48-month interest only period.

KKR, an investment firm, has closed KKR North America Fund XIII, a $19 billion fund focused on private equity investments in North America. Debevoise & Plimpton LLP represented KKR as primary fund counsel for this fundraise.

Brian A. Turetsky—a regulatory and compliance attorney with two decades of experience counseling financial services companies—has joined Ballard Spahr’s Consumer Financial Services Group, firm Chair Mark Stewart announced today.

The Equipment Leasing and Finance Association announces that Jeff Quigley has joined the organization as Vice President of Finance & Administration, effective March 31. Quigley will oversee the association’s finances and treasury operations as well as the daily administrative and operational requirements of the organization.

Jonathan Ramos joined SLR Equipment Finance as vice president and risk analyst. In his new role, Ramos will utilize his prior experience in credit analysis and financial services to help grow SLR Equipment Finance’s leasing and lending services.

After separating from its parent company, and anxious to attain their projected potential, the company’s new owner approached IHC seeking a revolving line of credit backed by inventory. As one of the largest foundries and manufacturers in the United States, the company is well placed in both the automotive and green iron industries.

A healthcare supplies wholesale distribution company received a large contract for PPE from a state government. They lacked the working capital to fill the order. Their factoring company recommended working with Gateway Trade Funding to find a way to accept the order.