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  • Wolters Kluwer and Lightico Announce Collaboration as Demand for Digital Completion Cloud Skyrockets
    April 6, 2022
    Wolters Kluwer Compliance Solutions and Lightico are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite of digital lending tools, including its eVaulting technology, to enhance Lightico customer transactions. The alliance strengthens Lightico’s next-generation digital completion platform, which supports millions of insurance, automotive, telecom and financial interactions.
  • First Financial Bank, N.A. Names Esch Hereford Region Chairman and CEO
    April 6, 2022
    First Financial Bank, N.A. has named Jamie Esch as Chairman and CEO of First Financial Bank, Hereford Region. The announcement was made by Ron Butler, Chief Administrative Officer of First Financial Bankshares, Inc.
  • Smith Micro Announces $7.0 Million Revolving Credit Facility
    April 6, 2022
    Smith Micro Software, Inc. (NASDAQ: SMSI) (“Smith Micro” or the “Company”) today announced that on March 31 2022, the Company entered into a secured revolving credit facility with Wells Fargo Bank, National Association. This revolving line of credit provides the Company with borrowings of up to $7.0 million that can be utilized to finance the Company’s working capital requirements and other general corporate purposes.
  • Liquidity Group Announces $775 Million in Capital Commitments led by Apollo and MUFG
    April 6, 2022
    The commitments, which are subject to satisfaction of certain conditions, will include $425 million from Apollo Funds for a credit facility to help Liquidity scale its lending activity for late-stage technology companies, $300 million from MUFG Bank (NYSE: MUFG), for a debt fund JV named Mars Growth Capital, investing in future unicorn companies, as well as a $50 million SAFE note investment by Apollo Funds, MUFG Innovation Partners and Spark Capital.
  • Ares Capital Corporation Increases and Extends Its Revolving Credit Facility
    April 6, 2022
    Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it has increased commitments under its Revolving Credit Facility (the “Facility”) to approximately $4.8 billion and extended the final maturity date to March 31, 2027. The Facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, Sumitomo Mitsui Banking Corporation and Wells Fargo and includes a total of 39 lenders.
  • Tangelo Announces a New USD$150 Million Warehouse Credit Facility with HSBC
    April 6, 2022
    Tangelo, a leading financial technology company in Latin America specializing in alternative credit, announced the closing of its credit facility for $3 billion Mexican pesos (around $150 million US dollars) with HSBC.
  • Shilpa Kumar Joins WSFS as Senior Vice President, Head of Corporate Finance
    April 6, 2022
    In her new role, Kumar will lead consolidated business planning and analysis, investor relations, business unit profitability, investment decisioning, and the financial aspects of corporate development.
  • Alleon Healthcare Capital Provides a $700,000 Medical Accounts Receivable Financing Facility to a Florida-Based Infusion Pharmacy
    April 6, 2022
    Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $700,000 medical accounts receivable financing facility with an infusion pharmacy in Florida (“Company”).
  • Lewis & Clark Capital hires Tim Spihlman as Managing Director
    April 6, 2022
    Lewis & Clark Capital, a St Louis-based private equity firm today announced the hiring of Tim Spihlman as Managing Director. Tim is responsible for the private equity strategy including leading a team of investment professionals, sourcing and analyzing opportunities for new investments, negotiation and execution of transactions, and post-execution oversight and governance of portfolio companies.
  • Schulte Roth & Zabel LLP Advises Associated Materials
    April 6, 2022
    Schulte Roth & Zabel LLP advised Associated Materials in its merger with funds managed by SVPGLOBAL, a global investment firm with over $18 billion of assets under management, which merger was completed earlier this month.
  • Nucleus Commercial Finance Bolsters UK Growth and Acquisitions Team
    April 5, 2022
    Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, has expanded its growth and acquisitions team with the appointment of Nigel Hibbert as Sales Director. Nigel has over 20 years’ experience within the financial and professional services industry, focusing on both Asset Based Lending (ABL) and Invoice Finance.
  • North Avenue Capital Closes $25 Million Loan
    April 5, 2022
    North Avenue Capital was proud to partner with Mega Highwall and the USDA to secure the capital required to keep one of Ashland’s star enterprises at the industry’s cutting edge.
  • Assembled Brands Announces new $3.5 Million Facility with Mason Dixie Foods
    April 5, 2022
    Assembled Brands announced it has provided a new $3.5 million facility with Mason Dixie Foods. Ayeshah Abuelhiga founded the company in 2014 on a mission to change Southern comfort food for the better. Mason Dixie Foods offers a variety of high-quality homestyle classics like biscuits and breakfast sandwiches, all made with ingredients that can be bought at the store and without unnecessary chemicals.
  • GemCap Funds $4.0 Million Facility for a Munitions Manufacturer
    April 5, 2022
    GemCap provided a $4.0 million facility consisting of a working capital revolver, an equipment term loan, and a mortgage for a munitions manufacturer which wholesales and retails its inventory. “This is a high-growth, high-demand industry and we’re happy to assist our client’s growth,” says Richard Ellis, Co-President. “GemCap continues to focus on assisting small and mid-sized businesses across a diverse range of industries”
  • CIT Arranges Financing for Noted Fashion Brand Kenneth Cole Productions Inc.
    April 5, 2022
    Headquartered in New York City and founded in 1982, Kenneth Cole Productions is known worldwide for its fashion products spanning the footwear, handbag, apparel and fragrance categories. This new financing – arranged by CIT with participation from WhiteHawk Capital Partners – will be used by the company to refinance existing debt and support future growth opportunities.
  • Viridian Therapeutics Secures Flexible Credit Facility for Up to $75 Million From Hercules Capital
    April 5, 2022
    Viridian Therapeutics, Inc. (NASDAQ: VRDN), a biotechnology company advancing new treatments for patients suffering from serious diseases underserved by current therapies, today announced that the Company has entered into a debt financing agreement with Hercules Capital, Inc. (NYSE: HTGC) for up to $75 million.
  • Stride Funding Partners with Encina Lender Finance and Other Leading Credit Investors to Fund $105MM in Income Share Agreements for High-Quality Bootcamp and Certificate Programs
    April 5, 2022
    Stride Funding, Inc. (Stride) announced its partnership with Encina Lender Finance (ELF) and other top-tier credit funds to increase financial support for students pursuing high-impact bootcamp and certificate programs across the US. The $105 million senior credit facility will enable Stride to fund thousands more students pursuing alternative education in high-growth technology and trade fields.
  • Citizens Financial Group and Investors Bancorp Announce Transaction Close Date for Merger
    April 5, 2022
    Citizens Financial Group, Inc. (NYSE: CFG) (“Citizens") and Investors Bancorp, Inc. (NASDAQ: ISBC) (“Investors”) today announce that the expected close date of the previously announced merger between the two companies is April 6, 2022, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement.
  • J.P. Morgan Asset Management Hires Ash Williams as Vice Chair
    April 5, 2022
    J.P. Morgan Asset Management today announced that it has hired Ash Williams, former Chief Investment Officer and Executive Director of the Florida State Board of Administration (SBA), as Vice Chair, Asset Management. Mr. Williams will work for the firm part-time, reporting into the Head of North America Institutional, Keith Cahill.
  • Runway Growth Capital Announces a Senior Secured Term Loan of $25 Million to Revelle Aesthetics
    April 5, 2022
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $25 million to Revelle Aesthetics, Inc. ("Revelle"), a developer of novel medical devices for women's most bothersome aesthetic needs.
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