Richard ("Rich") Gold, president and chief operating officer for M&T Bank Corporation (NYSE: MTB), has announced his intention to retire, effective after the first quarter of 2023. Gold plans to remain on the Board of Directors of M&T Bank.

Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $575 million in debtor-in-possession financing from its existing lender base, which will help to support its day-to-day operations. PJT Partners is acting as financial advisor to Revlon, and Alvarez & Marsal is acting as restructuring advisor.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Kevin Clancy, Partner and Global Director of its Restructuring and Dispute Resolution Practice, has been appointed Chair of the Nexia International Turnaround, Restructuring, Insolvency (TRI) Business Group.

Rendering financial advisory services in the business turnaround, restructuring and bankruptcy practice areas requires both special knowledge and extensive relevant experience. In 1992, the AIRA established the Certified Insolvency and Restructuring Advisor (CIRA) program to recognize by public awareness and certification those individuals who possess a high degree of knowledge and proficiency across a spectrum of functions related to serving clients in situations involving distressed and/or insolvent entities.

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has increased its existing credit facilities with MUFG Bank, Ltd. (“MUFG”) and Sumitomo Mitsui Banking Corporation (“SMBC”).

Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF), (the “Company” or “Kane Biotech”), today announces that it has further amended its credit agreement with Pivot Financial Inc. (“Pivot”) maturing August 31, 2022 (the “Amended Credit Facility”).

Atlas Financial Holdings, Inc. (OTC: AFHIQ) (“we,” “us,” “our,” “Atlas” or the “Company”) today announced the expansion of the Company’s existing Convertible Senior Secured Delayed-Draw Credit Agreement (“Credit Facility”), adding new lenders and an additional $3.2 million of funding.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $25,950,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $16,094,651 in 20 new large ticket transactions and $6,435,042 in 50 new small ticket vendor transactions; and the Structured Finance group provided $1,050,000 in financing for one new client in May.

Huntington Business Credit announced it closed $13,536,000 in new credit facilities with Mills Products, LLC on May 24, 2022. Proceeds of the facility were used to provide acquisition financing and to provide ongoing working capital growth financing. Mills Products, LLC, headquartered in Athens, TN, is a manufacturer of roll-formed and tubular stamped metal products servicing the consumer appliance, after-market truck and automotive, and office furniture markets.

U.S. Bank announced today that veteran Colorado banker Benjamin Fields-Elizalde has joined the growing U.S. Bank Asset Based Finance division as vice president. Based in Denver, Fields-Elizalde will lead efforts to provide asset-based credit solutions for businesses across Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming. Fields-Elizalde has more than 17 years of banking experience, including nearly 14 years in various asset-based finance roles at Wells Fargo.

Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics and space services, today announced that it has obtained a credit facility up to $120 million, led by Blue Torch Capital. Proceeds will be utilized to extinguish an existing approximately $71 million credit facility and to continue driving Spire’s four strategic growth pillars, providing flexibility to strategically run the business.

Leading global professional services firm Alvarez & Marsal (A&M) strengthens its capabilities with the addition of Dallas-based Steve Hurt as a Managing Director with the firm’s Automotive & Industrials Group. Mr. Hurt’s joining demonstrates A&M’s continued commitment to help clients achieve growth and profitability goals against the backdrop of accelerating industry-wide change and disruption, including the transition to electric vehicles (EVs).

Stifel Financial Corp. (NYSE: SF) today announced the hiring of Michael Gonzales as a Managing Director in the firm’s Fixed Income Capital Markets Group. In this role, Mr. Gonzales will lead Stifel’s efforts to expand its front-end credit sales, focusing on a broad spectrum of fixed income products, including asset-backed securities, investment-grade corporate debt, U.S. government securities, and structured notes. He will be based in the San Francisco Bay area.

Saxum Real Estate is pleased to announce the closing of a $17 million construction loan from CIT, a division of First Citizens Bank, for the financing of two industrial developments in Hazleton, PA. The current sites, both within opportunity zones, are poised to become two Class-A industrial developments of 105,000 SF and 115,000 SF.

Lighthouse was founded in 1987 for one purpose; to assist small to mid-size businesses with working capital financing and term debt when traditional bank loans were unavailable. Thirty-five years later, we have not waivered from our commitment to provide creative and flexible lending solutions along with unsurpassed service to our clients.

Wingspire Capital LLC (“Wingspire”) provided a revolver as part of a unitranche senior credit facility to Gehl Foods, LLC (“Gehl”). The proceeds were used to refinance previous debt and to fund an acquisition that expands Gehl’s manufacturing capabilities. Gehl is a pioneer in low-acid aseptic processing for shelf-stable beverages, as well as cheese and other sauces used in stadiums, convenience stores and quick service restaurants across the U.S.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $30mm senior secured credit facility, comprising an asset-based revolving line of credit to H-D Advanced Manufacturing Company (“H-DAM” or “Company”).

A canned seafood company based in Miami has received $2.5 million in funding from Tradewind Finance. This working capital will be used to expand business in the United States, where the company sells packaged tuna and sardines. As the canned seafood brand had a surge of orders within the US, it sought financing from Tradewind. In order to keep up with demand stateside, the Miami subsidiary needed faster cash flow from a parent company based in Ecuador.

The M&A Advisor has announced the winners of the 16th Annual Turnaround Awards. FocalPoint Partners was named a winner in the Consumer Discretionary Deal of the Year ($10MM-$100MM) category for the sale of Hatteras Cabo Yachts to the White River Marine Group, a Bass Pro Shops affiliate. The awards will be presented at a Black-Tie Gala on Wednesday, September 21, 2022 in New York City.

SLR Healthcare ABL is pleased to announce it has provided a $3.5 million asset-based revolving line of credit to a skilled nursing operator in April 2022.