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  • Oceaneering Announces $215 Million Sustainability-Linked Revolving Credit Facility
    April 13, 2022
    The banks participating in the Credit Facility include: Wells Fargo Securities, LLC, DNB Markets, Inc. and JPMorgan Chase Bank, N.A., each as Joint Lead Arranger and Joint Bookrunner; Wells Fargo Bank, N. A. as Administrative Agent and, in conjunction with DNB Markets, Inc., as Joint Sustainability Coordinator; and Credit Suisse AG, New York Branch, and Woodforest National Bank, each as Lenders.
  • Brother Jimmy’s BBQ Founder Declares Bankruptcy
    April 13, 2022
    The founder of Brother Jimmy’s BBQ chain has filed for bankruptcy protection, citing numerous financial setbacks over the past five years. James Goldman, of Pleasant Valley, Dutchess County, declared $969,500 in assets and nearly $3.6 million in liabilities, in an affidavit filed April 7 in U.S. Bankruptcy Court, Poughkeepsie.
  • Tiger Group Auction Offers Live Event and Entertainment Production Rental Gear From North American Leader PRG
    April 13, 2022
    PRG has once again enlisted Tiger Group to auction select live event and professional AV gear from its existing rental inventories. The sale features digital cameras, lenses and projectors by manufacturers such as Arri, Barco, Canon, Christie, Fuji, Panasonic, Red, Sony and Zeiss.
  • Maxim Commercial Capital Reports Strong Performance During Q1 2022
    April 13, 2022
    Maxim Commercial Capital (“Maxim”) reported strong results for the first quarter of 2022. The company kicked off the year with record low delinquencies, increased fundings to better credits, and strong demand for cash-out financings secured by real estate and equipment.
  • CIT Provides $37.2 Million Financing for Distribution Facility in Pittsburgh, Pennsylvania
    April 13, 2022
    CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh, Pennsylvania.
  • Lakeland Bank Announces 2022 Officer Promotions
    April 13, 2022
    Thomas J. Shara, President and CEO of Lakeland Bank, is pleased to announce the following officer promotions. Alethea Batts to First Senior Vice President – Learning and Development and Chief Diversity Officer. Batts joined Lakeland in 2017 as Vice President, Learning and Development and was named Chief Diversity Officer in 2020.
  • Yieldstreet Expands VC Platform to Allow Investors Direct Access to Startups
    April 13, 2022
    Yieldstreet, a leading digital alternative investment platform driven to help millions of people unlock access to previously unattainable investments, is launching a platform that allows investors the unique opportunity to invest in individual companies.
  • EisnerAmper Names Lourenco Miranda ESG Managing Director
    April 13, 2022
    Lourenco Miranda has joined EisnerAmper as managing director of environmental, social, governance and sustainability solutions, according to the firm Tuesday. Miranda has more than 20 years of financial and private equity fund industry experience.
  • South Atlantic Bancshares, Inc. Announces New Chief Financial Officer
    April 13, 2022
    South Atlantic Bancshares, Inc. (the "Company")(OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), is pleased to announce Matthew H. Hobert, CPA has been hired as executive vice president, chief financial officer for the Company.
  • TD Bank Expands its Presence in the Philadelphia Area with 4 Important Executive Promotions
    April 13, 2022
    TD Bank, America’s Most Convenient Bank®, announced today that it has promoted four employees into key positions to support and grow the bank's goal of strengthening its position as an industry leader in supporting diverse communities and businesses of all sizes in the Delaware Valley.
  • ION Commences Voluntary Chapter 11 Process with Lender Support and DIP Financing
    April 13, 2022
    The Company has also secured $2.5 million in debtor-in-possession financing that, along with normal operating cash flows, should support operations during the process. Therefore, ION expects to continue delivering excellent service quality with little to no expected disruption to clients.
  • Fifth Third President Tim Spence to Succeed Carmichael as CEO
    April 13, 2022
    Fifth Third Bancorp said President Tim Spence will become chief executive officer on July 5, when Greg Carmichael steps down to become executive chairman. Spence, 43, joined Fifth Third in 2015 as chief strategy officer, the Cincinnati-based company said in a statement Tuesday. Before becoming president in 2020, he was head of the consumer bank, payments and strategy. In that role, he was responsible for retail banking, mortgage, auto and specialty lending, as well as digital, marketing and fintech partnerships.
  • BizCap® Facilitates $8.7 Million Financing for 55th Crossing
    April 12, 2022
    BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $8.7 million in financing for 55th Crossing, a 300+ acre residential real estate development located in Minot, North Dakota. The 55th Crossing development will provide a variety of housing types, including affordable options for first-time buyers and low- to moderate-income families. The funding will be used to refinance existing debt on the development.
  • Bridgelink Power Closes $200 Million Senior Secured Loan Facility Provided by Crayhill Capital Management
    April 12, 2022
    - Bridgelink Power, a leading developer, constructor, and operator of utility-scale solar and energy storage projects, today announced that it has closed a senior secured revolving credit facility (the "Facility") for up to $200 million with Crayhill Capital Management LP ("Crayhill"), a New York-based, minority-owned private credit manager focused on asset-based investments and with deep expertise in the renewable energy sector.
  • PlainsCapital Bank’s Houston Lending Group Welcomes Samuel Hendricks
    April 12, 2022
    PlainsCapital Bank recently announced that Samuel Hendricks has joined its Houston lending group as senior vice president, senior commercial loan officer at the Bank’s 5 Riverway location.
  • BH Properties Acquires Puerto Rico Shopping Center
    April 12, 2022
    BH Properties, a Los Angeles based real estate investment company, has acquired out of foreclosure Plaza Centro I, a 283,454-square-foot strip shopping center in Caguas, Puerto Rico. The strip center was built in 1987 as the first phase of the nearly one million-square-foot Plaza Centro Mall at 200 Avenue Rafael Cordero fronting State Road P.R 30. Renovated in 2017, it is currently 50 percent occupied by 29 tenants.
  • Gridiron Capital Invests in Vertical Supply Group
    April 12, 2022
    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.
  • Multi-Unit Restaurant Chains Need to Revisit their Real Estate Amid Inflation and Other Pressures, Panelists Advise in Webinar Sponsored by A&G Real Estate Partners
    April 12, 2022
    The right real estate moves can drive higher value for buyers, sellers and operators of multi-unit restaurant companies, said participants in a March 31 Restaurant Finance Monitor webinar sponsored by A&G Real Estate Partners. During the hourlong panel (“Creating Enterprise Value Through Real Estate”), three experts in restaurant portfolio optimization, investment banking/M&A and real estate law offered tips on doing a deep dive into leased and owned properties amid the “new normal” of today’s restaurant industry.
  • Dechert Continues Global Finance Expansion with William C. Robertson
    April 12, 2022
    Dechert LLP is pleased to announce that William C. Robertson has joined the global finance team as a partner based in New York. Mr. Robertson's arrival continues Dechert's major U.S. private equity and private credit expansion, which includes the growth of the firm's capabilities in California with the recent hire of Nicole Macarchuk.
  • TCG BDC, Inc. Rebrands to Carlyle Secured Lending, Inc.
    April 12, 2022
    TCG BDC, Inc. (“TCG BDC”) today announced that it will change its name to Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”, or the “Company”), effective April 11th, 2022.
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