The first was a $1,500,000 limit to a privately held manufacturer and distributor of specialty apparel who was introduced to Tradecycle by their senior lender. The second was a $1,000,000 limit to a private equity-owned manufacturer of specialty sports equipment.

Founded in 1951, Sheehy is a fourth-generation, privately-owned supplier of pipes, valves, fittings and mechanical products serving the contracting industry in New England. Eastern Bank is providing financing for a working line of credit, term loan and commercial real estate mortgage to support the company’s ongoing financial and growth needs.

Gridiron Capital, LLC ("Gridiron Capital"), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced an investment in Vertical Supply Group ("VSG" or the "Company"), a trusted supplier of high-cost of failure, fall protection equipment and arborist tools serving the tree care industry and other work-at-height professionals.

Summit Park, a Charlotte-based lower middle market private equity firm, is pleased to announce recent promotions at the firm. Jason Carlock, Drew Gilbert, Rachel Hannon, and Mike York have all been promoted to Partner. Chris Cotton has been promoted to Financial Operating Partner, and Corey Millette has been promoted to Chief Financial Officer.

Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of two Long Island-based executives to lead the bank’s expansion in the market. Robert McKenna will serve as Senior Vice President and Team Leader in Long Island while Susan Aminov joins as Vice President and Regional Private Banker covering New York City and Long Island.

Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has secured a $15 million term loan from Silicon Valley Bank. Proceeds from the financing were used in part to retire Click’s existing term loan facility with K2 HealthVentures (K2HV).

Faegre Drinker announced today that partner Jim Park and counsel Allison Seeley have joined the firm in the finance & restructuring practice in Minneapolis. Park and Seeley come to Faegre Drinker from a large international law firm, and Park was formerly with Faegre & Benson from 2000 to 2006.

ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced that it has completed the refinancing of its asset-based revolving credit facility (the “Refinancing”). ClearStream established a new $25 million asset-based revolving credit facility with a three-year term (the “ABL Facility”) to replace its existing $15 million asset-based revolving credit facility

Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that CDI successfully closed an amendment of its senior secured credit agreement (the “Credit Agreement Amendment”) to extend the maturity date of its existing revolving credit facility to 2027 and to increase the commitments under the existing revolving credit facility from $700 million to $1,200 million (the “Revolver”).

GI Worldwide LLC (“FGI”), a multi-jurisdictional specialty lender, is proud to announce its support of H2 Equity Partners’ (“H2”) £50 million acquisition of Acal BFi from DiscoverIE Group plc (LSE: DSCV). FGI provided a €36MM cross-border, multi-asset, committed credit facility in support of the acquisition and for ongoing working capital needs of the Company. Westbrooke Alternative Asset Management provided the mezzanine credit facility for the transaction.

First Business Bank’s Floorplan Financing team is pleased to welcome Leigha Price and Kevin Wiler to the team as Floorplan Servicing Specialists. Leigha and Kevin both have outstanding backgrounds that enable them to provide best-in-class service to independent car dealerships.

First Eagle Investments (“First Eagle”) today announced that total assets under management in the First Eagle Credit Opportunities Fund (A-Share Class: FECAX; I-Share Class: FECRX) had eclipsed the $350 million threshold approximately 18 months since its launch.

Newly-formed Meriwether Group Capital (MWGC) launched this month to make commercial loans available to businesses that fall outside the criteria required by traditional lenders. The MWGC Hero Fund focuses on small to mid-sized companies that meet the fund’s revenue qualifications and financial needs.

On April 13, 2022, ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) announced the extension of its existing asset-based loan facility (the “Amended ABL”) to a five-year term and a reduction of commitments from $300 million to $150 million. The Amended ABL will extend the maturity from 2023 to 2027 and, through updated advance formulas and other provisions, provide enhanced availability with improved pricing.

Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 9% and revenue growth of 18% during the first two months of the first quarter of 2022. This report marks a return to the typical year-over-year comparisons now that the impact of widespread Covid-related lockdowns throughout much of 2020 are not affecting the data.

Haversine Funding, a leading provider of alternative financing solutions for the specialty lending space, today announced the hiring of Shawndrea Igboh in the role of underwriter. Haversine continues its rapid expansion, and this newest addition further shows the company’s commitment to our clients, investors, and the specialty financing marketplace by developing, deploying, and managing customized financing solutions for lenders.

Pathlight Capital LP ("Pathlight") announced it is serving as the Administrative Agent on the recently funded $355,000,000 Senior Secured Credit Facility for iFIT Health & Fitness Inc. ("iFIT" or the "Company"), a global leader in connected fitness and interactive content with its extensive portfolio of iFIT® and Sweat® streaming platforms, and its highly innovative equipment brands NordicTrack® and Proform®.

Gordon Brothers, the global advisory, restructuring and investment firm and owner of the British heritage brand Laura Ashley®, has partnered with IMG to expand the iconic fashion, home and lifestyle brand in a fresh, modern way in Europe, Australia, New Zealand, China, India and the Middle East.

LSQ, a leading provider of working capital financing and payments solutions, recently originated a $1.5 million credit facility for a Pennsylvania- based manufacturer of briquettes for the steel industry.

PlainsCapital Bank recently announced that Danny Schroder has been promoted to Houston region chairman. In his new role, Schroder will oversee and coordinate banking operations and market development for PlainsCapital’s branches in the greater Houston area.