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- Brown Plus Acquires Ross Buehler Falk & Company, LLP, Effective January 1, 2026
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- Salem Five Bank Extends $6 Million Credit Facility to Arocam Sports
- SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
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Industry Veteran DJ Krystopa Joins LSQ
LSQ, a leading provider of technology-driven working capital financing and payments solutions, announces the hire of DJ Krystopa as its new Regional Vice President for Sales and Bank Partnership Development. In her role, Krystopa, an alumna of La Salle University, is responsible for building strategic relationships with financial institutions and referrer networks to help LSQ grow its offerings to its clients.
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Mustang Bio Completes a $75 Million Debt Financing with Runway Growth Capital
March 9, 2022Mustang Bio, Inc. (“Mustang”) (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors and rare genetic diseases, today announced completion of a $75 million long-term debt facility with 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.
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GoldenTree Asset Management Hires Avi Felman as Head of Digital Asset Trading
March 9, 2022GoldenTree Asset Management ("GoldenTree"), a global asset management firm with nearly $47 billion in assets under management, today announced the hiring of Avi Felman as the Firm's Head of Digital Assets Trading. Mr. Felman will be a Principal of the Firm and report to Joe Naggar, a Partner and member of the Executive Committee, who oversees the Firm's investments in digital assets. Mr. Felman will also be a General Partner of GoldenChain, a wholly owned subsidiary of GoldenTree which will manage the funds launched by GoldenTree that will focus on digital assets.
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Crestmark, the Commercial Finance division of MetaBank®, Welcomes Warren Powell to the Commercial Finance Business Development Team
March 9, 2022Crestmark, the Commercial Finance division of MetaBank®, N.A., is pleased to announce the addition of Warren Powell to the Working Capital business unit. In his new role as Business Development Officer, Powell is responsible for promotion of the company’s asset-based lending offerings. Based in North Carolina, he will report to Mark Collins, group eastern sales manager.
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UroGen Secures $100 Million Non-Dilutive Term Loan Financing with Pharmakon Advisors Allowing Funding to Cash Flow Breakeven
March 8, 2022UroGen Pharma Ltd. (Nasdaq: URGN), a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers, today announced the signing of an up to $100 million term loan financing facility with funds managed by Pharmakon Advisors, L.P.
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Ensurem Enters Into $100 Million Credit Facility with DZ BANK
March 8, 2022Ensurem, a Florida-based insurance technology and distribution company, today announced that it has entered into a $100 million credit facility with DZ BANK. This facility refinances existing debt and allows Ensurem to meaningfully increase the marketing and distribution of Medicare Advantage and Medicare Supplement policies.
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Acer Therapeutics Secures up to $48.5 Million in Convertible Note and Secured Loan Financing Facilities
March 8, 2022Acer Therapeutics Inc. (Nasdaq: ACER), a pharmaceutical company focused on the acquisition, development and commercialization of therapies for serious rare and life-threatening diseases with significant unmet medical needs, today announced that it has entered into convertible note and loan financing facilities for up to $48.5 million with affiliates of Marathon Asset Management L.P. (Marathon) and SWK Holdings Corporation (Nasdaq: SWKH), subject to certain conditions.
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FocalPoint Advises wildbrine, LLC on its Sale to Fermented Food Holdings, Inc.
March 8, 2022FocalPoint Partners ("FocalPoint") is excited to announce the sale of wildbrine, LLC (“wildbrine” or the “Company”) to Fermented Food Holdings, Inc. (“FFH”). FocalPoint served as exclusive financial advisor to wildbrine, LLC. Based in Santa Rosa, California, wildbrine is a true category disruptor in the plant-based, naturally fermented foods sector and is the leading brand in organic, fermented, and probiotic sauerkraut and vegan kimchi.
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Fifth Third Business Capital Provides $29 Million in Financing to Precision Marshall
March 8, 2022Fifth Third Business Capital announced it provided a $29 million revolving credit facility, term loan and capital expenditure line to Precision Marshall, based in Washington, PA. Precision Marshall is a leading value-add supplier of prefinished tool steel and alloy plates, ground flat stock, and drill rod to distributors/ service centers across the globe.
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Actor, Producer, and Businessman Mark Wahlberg Invests In Hilco Brands’ P448 Sneaker & Apparel Company Street Trend LLC
March 8, 2022StreetTrend LLC, one of the fastest-growing footwear and apparel companies in the streetwear fashion sector, announced today that Mark Wahlberg has become a strategic investor in the company which includes the P448 sneaker brand, having taken a significant minority financial stake in the business.
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Greenberg Traurig Expands Corporate Practice, Adds Shareholder Sherman W. Smith III
March 8, 2022The Philadelphia office of global law firm Greenberg Traurig, LLP announces the addition of Shareholder Sherman W. Smith III to its Corporate Practice. Smith has built a portfolio practice, advising and representing clients ranging from some of the nation’s largest financial institutions to privately-held businesses and investors to commercial real estate developers of all sizes.
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Ameresco Secures $262 Million Credit Facility Increase
March 8, 2022Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced it has entered into an amendment and restatement to the company’s current senior secured credit facility with a group of lenders led by Bank of America. This amendment and restatement resulted in a $262 million increase, bringing Ameresco’s credit facility total to $495 million.
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February 2022 New Bankruptcy Filings Tick Upward
March 8, 2022Epiq, a global technology-enabled services leader to the legal services industry and corporations, released February 2022 bankruptcy filing statistics from its new Epiq Bankruptcy Analytics platform. Overall, February new filings were 26,985 across all chapters, up 3.2% from January 2022 which had 26,155 new filings. Total commercial filings across all chapters were 1,420, down 5.4% over January 2022, which had 1,501 new filings.
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Gordon Brothers & New Mill Capital Partner to Sell Drinkworks Assets
March 8, 2022Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with New Mill Capital to sell the machinery and equipment from Drinkworks’ two U.S. facilities in timed, online auctions. Drinkworks, a former producer of at-home bar machines, ceased operations in December 2021. The discontinued assets include late model, alcoholic beverage machinery and equipment from the Bedford, Massachusetts testing facility and state-of-the-art home bar production and pod filling equipment from the Williston, Vermont plant.
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CVC Credit Prices First New CLO of 2022
March 7, 2022CVC Credit is pleased to announce that it has priced Apidos XXXIX, a Collateralized Loan Obligation (“CLO”) fund totalling c.$508 million, arranged by Societe Generale. This is the first new issue CLO CVC Credit has priced globally this year, following a record year in 2021, which saw CVC Credit raise seven new issue CLOs with a total value of over $3.5 billion (c.€3 billion).
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Kinross Announces US$1.0 Billion Term Loan
March 7, 2022Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today that it has arranged a new US$1.0 billion term loan. The three-year term loan will mature on March 7, 2025, has no mandatory amortization payments, and has a flexible repayment schedule.
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Matt Wren Joins Allspring Global Investments as Chief Technology Officer
March 7, 2022Allspring Global InvestmentsTM, a leading independent global asset management firm with $575 billion1 in assets under management, today announced that Matt Wren has joined the organization as Chief Technology Officer. Mr. Wren joins Allspring from BlackRock, where he most recently served as global head of investment technology. Matt will report to Joe Sullivan, Allspring's Chair and Chief Executive Officer.
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Crossroads Financial, LLC Announces Inventory Revolving Lines of Credit
March 7, 2022Crossroads Financial announced it provided the following deals: a $4.5 million industry inventory revolving line of credit, in partnership with a factoring company, for a distributor of wireless and fiber products to the wireless network; a $1.7 million inventory revolving line of credit for a designer and retailer of athletic apparel...
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J D Factors Announces Factoring Facilities
March 7, 2022J D Factors announced it has provided the following factoring facilities: $75,000 to a transportation company in Ontario; $250,000 to a transportation company in New Jersey; $490,000 to a transportation company in Texas; $300,000 to a transportation company in Ontario; $50,000 to a transportation company in Oklahoma...
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Rosenthal Provides Joint $3.2 Million Factoring and Purchase Order Financing Facilities to Outdoor Goods and Apparel Company
March 7, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $3.2 million factoring facility with purchase order financing to support an outdoor and sporting apparel company.
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Experienced Finance Lawyer Laura Martone Rejoins Haynes Boone
March 7, 2022Laura Martone has rejoined Haynes and Boone, LLP as partner in the firm’s New York office. Her practice focuses on finance transactions, including oil and gas finance, renewable energy, commodity finance and trading, and real estate lending.
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