Founded in 1981, Metaltec Steel Abrasive ('Metaltec') is a top-three manufacturer of mission-critical, consumable metal abrasive materials in North America. Metaltec is the only company in North America with the capability of manufacturing both high and low-carbon steel abrasive products, providing a differentiated market position.

Fat Tuesday (the “Company”), the largest and fastest growing off-premise alcohol business in the US, announced that it has closed on a New Senior Secured Credit Facility provided by Comvest Credit Partners. The proceeds provide substantial capital to accelerate growth. Garnett Station Partners, a New York based principal investment firm, acquired Fat Tuesday in April 2021.

VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that, through its wholly owned U.S. subsidiary, VersaHoldings US Corp., it has signed a definitive agreement to acquire Minnesota-based Stearns Bank Holdingford, N.A. ("SBH"), a privately held, wholly owned subsidiary of Stearns Financial Services Inc. ("SFSI") based in St. Cloud, Minnesota.

JPMorgan Chase Bank, N.A. is acting as administrative agent. Bank of America, N.A. and BMO Harris Bank N.A. are acting as co-syndication agents. TD Bank, N.A., and Citizens Bank, N.A. are acting as co-documentation agents, with JPMorgan Chase Bank, N.A.; BofA Securities, Inc.; and BMO Harris Bank N.A. as joint bookrunners and joint lead arrangers.

eCapital Corp. (“eCapital”), a leading tech-enabled finance provider, today announced the recent closure of a £3million sterling U.K. and $1.5 million U.S. trans-Atlantic working capital line of credit to a prominent international provider of manpower solutions within the renewable energy and sustainable transportation industries.

PacWest Bancorp (Nasdaq: PACW) (the “Company”) and Pacific Western Bank (the “Bank”) announced today the appointment of Paul W. Taylor as President of both the Company and the Bank effective July 1, 2022. Mr. Taylor currently serves as a Director of the Company and the Bank and is a member of each of their respective Asset/Liability Management and Risk Committees.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to the Apollo Funds. Solomon Partners acted as lead financial advisor to Cardenas Markets and KKR. BMO Capital Markets also advised, and Kirkland & Ellis LLP served as legal advisor to Cardenas Markets and KKR. Credit Suisse, Wells Fargo and Rabobank have provided committed debt financing for the transaction.

EQ Riskfactor, the leading global provider of risk management software for the commercial finance market (part of Equiniti Group), is delighted to unveil its new partnership with Solifi. A global fintech software partner, Solifi provides market-leading, mission-critical software-as-a-service (SaaS) solutions built on an open finance platform for the secured finance industry, and is the most widely used and trusted asset-based lending (ABL) and factoring software in the U.S. commercial finance industry.

Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, announced today the final close of its latest fundraise for its Asset Backed Opportunistic Credit strategy (the “Fund”). The Fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the Fund.

Troutman Pepper earned 16 nationwide practice rankings in The Legal 500 United States 2022, an independent ranking authority of law firms around the world. The U.S. edition also recognized 51 Troutman Pepper attorneys in its editorial commentary for their standout practice contributions. View all firm rankings.

Castleton Commodities International LLC (CCI) announced today it has closed a $2.2 billion borrowing base facility consisting of a $1 billion 1.5-year tranche and a $1.2 billion 2-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth. A diverse group of 17 banks from eight countries participated in the facility.

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Vikram Nafde has been appointed to Executive Vice President, Chief Information Officer in charge of Information Technology. As a member of Webster Bank's Executive Management Committee (EMC), Vikram is responsible for the strategy and execution of all Webster technology, including cybersecurity, data strategy and tech innovation.

H.I.G. Bayside Capital (“Bayside”), the special situations and distressed debt affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, is pleased to announce the promotion of Mathilde Malezieux to Managing Director.

The transaction has been unanimously approved by the boards of TexStar National Bank and American Bank, as well as the bank holding companies of each. It is subject to customary closing conditions, including regulatory approvals. TexStar National Bank, a subsidiary of TexStar Bancshares Inc., had total assets of $458 million as of March 31 and has six locations in the San Antonio area. Following the completion of the deal, TexStar National Bank will merge with and into American Bank.

Cornerstone quickly approved and funded an expandable line of credit with no long-term commitments and with no minimums.

Viva Capital Funding, LLC (“Viva”), a leading invoice factoring specialty finance company, announced today the closing of $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization. Proceeds will be used by the Company to restructure existing debt and support additional growth of the business.

White Oak Global Advisors, LLC (“White Oak”) announced today it has provided a term loan to Benada Aluminum Products (“Benada”), a leading, full-service aluminum extrusion operation servicing a diverse mix of building products, distribution, storm protection and industrial customers across the Southeastern United States. The transaction was made alongside an asset-based loan (ABL) facility by White Oak Commercial Finance (WOCF), an affiliate of White Oak.

Revlon Inc. plunged 53%, the biggest one-day drop on record, after distressed debt news outlet Reorg reported that the cosmetics empire is preparing to file for bankruptcy. The company, controlled by billionaire Ronald Perelman, could file as soon as next week, Reorg said, citing unnamed sources. Revlon shares triggered multiple trading halts Friday because of the volatility, closing at $2.05 in New York.

John Madigan was named Managing Group Director, leading a team of six, all of whom joined from Citibank. Madigan formerly was Managing Director for Long Island in the Emerging Corporates Group in Hauppauge, Long Island, N.Y., where he managed a large portfolio of business clients and a team of eight. He began his career there and went on to serve in various roles of increasing responsibility over three decades.

Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced the upcoming retirement of its Chief Risk Officer, Patrick Cronin, and the appointment of Piyush Agrawal into the role. Mr. Agrawal will join the bank as Deputy Chief Risk Officer on July 1 and, after a transition period with Mr. Cronin, become Chief Risk Officer on November 1.