To create a more inclusive Canadian business environment, BMO Financial Group today announced it has committed $100 million to launch the Business Within Reach: BMO for Black Entrepreneurs lending program. Launching during Black History Month, the program provides business owners with greater access to working capital, educational resources, and professional partnerships to start up, scale up, and grow.

Context Business Lending, LLC (“CBL”) a family office-backed leading, national asset-based lender, announced today the promotions of Stephen Butler to Chief Operating Officer and Josh Beauvais to Chief Credit Officer, who each will now be able to more vertically focus on the strategic growth of the company in their new capacities. The high-growth “new school-ABL company” also today announced the addition Joe Messineo as Director of Business Development who will cover the Northeast for the firm as well as internal promotions.

DLL, a global provider of asset-based financial solutions, has confirmed receipt of the necessary regulatory approvals to formally appoint Carlo van Kemenade as Chief Executive Officer (CEO) and Chairman of the Executive Board. This new appointment takes effect on February 14, 2022.

Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced a term loan financing with an existing shareholder for aggregate proceeds of $10.1M USD (the “Term Loan”). In addition, the Company has made further advancements in its ongoing debt restructuring through an additional loan modification agreement (the “Loan Modification Agreement”) with its term lender and its affiliates.

LSQ, a leading provider of technology-driven working capital financing and payments solutions, has forged a partnership with the Michigan Minority Supplier Development Council (MMSDC), a non-profit organization committed to driving economic growth in minority communities, to provide working capital assistance to minority-owned businesses in myriad industries across the state of Michigan.

Katten announced today that corporate attorney John Corrigan has joined its Private Credit practice as a partner in LA to advise public and private companies and investors in M&A transactions and handle a range of other client matters.

CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity Partners and one of the nation's leading providers of new and used shuttle bus and rental services.

MidFirst Business Credit (MFBC) is pleased to announce the addition of Justin Carter as vice president and business development officer. Based out of Los Angeles, he will assist with originating senior secured debt facilities for companies throughout California and the West Coast.

Horizon Global Corporation (NYSE: HZN), one of the leading manufacturers of branded towing and trailering equipment, today announced an amendment to the agreement governing its term loan with Atlantic Park Strategic Capital Fund, L.P. (“Atlantic Park”) and the execution of a commitment letter to issue, solely at the Company’s option, up to $40.0 million of a new Series B Preferred Stock to Corre Partners Management, L.L.C. (“Corre”) to facilitate meeting the Company's upcoming convertible note maturity.

Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, is pleased to announce that it has acted as Administrative Agent in upsizing its existing senior secured credit facility (the “Financing”), to CareVet, LLC (“CareVet”), a leading operator of independent veterinary hospitals. The new $228 million facility — Comvest’s fourth upsize since its initial $35 million commitment in September 2020 — will enable CareVet’s management team and private equity sponsor Compass Group Equity Partners (“CGEP”) to continue to grow the business through acquisitions.

Seacoast Banking Corporation of Florida (NASDAQ: SBCF), one of the largest community banks based in Florida, today announced that it has implemented the succession plan previously disclosed in June 2020. Charles “Chuck” Shaffer, the Company’s former president and chief operating officer (COO), has been promoted to chief executive officer (CEO) and elected to the Company’s board of directors. Former chairman and CEO Dennis “Denny” Hudson III has assumed the position of executive chairman of the board of directors.

Global law firm Greenberg Traurig, LLP is strategically expanding its Corporate Practice in California to meet client demand in the area of mergers & acquisitions (M&A) with the addition of Ron S. Grace as a shareholder in the firm’s Los Angeles office. Global law firm Greenberg Traurig, LLP is strategically expanding its Corporate Practice in California to meet client demand in the area of mergers & acquisitions (M&A) with the addition of Ron S. Grace as a shareholder in the firm’s Los Angeles office. Grace, whose practice focuses on M&A and transactional matters for clients in the health care industry, will also be a member of the firm’s Health Care & FDA Practice.

Exchange Bank (OTC: EXSR) announces the promotion of Ann Lobdell Hudson to a newly formed role as senior vice president and chief administrative officer, reporting to Troy Sanderson, president and CEO. She will be responsible for managing internal operation areas of the bank, including bank operations, central services, electronic banking, card services, merchant services, facilities and purchasing and the loan service center.

J D Factors announced it provided the following factoring facilities: $120,000 to a transportation company in Tennessee; $100,000 to a transportation company in Georgia; $150,000 to a transportation company in Texas; $750,000 to a transportation company in Illinois...

Ms. Davis began her banking career with Imperial Bank as an AVP Commercial Loan Officer and rose to Regional Manager. She briefly worked for City National Bank before joining Heritage Bank of Commerce in 2005. She was a Senior Vice President/Regional Manager for 13 years and was responsible for all deposit and loan growth in the Los Altos Region. Before joining Pinnacle Bank she was Senior Relationship Manager in Specialty Banking for Boston Private Bank, a division of Silicon Valley Bank.

Ares Management Corporation (NYSE: ARES) announced today that new financing commitments made across its U.S. direct lending strategies more than doubled to $33.4 billion in 2021. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $13.7 billion in commitments across 93 transactions during the fourth quarter of 2021 and approximately $33.4 billion in commitments across 269 transactions in the year ended December 31, 2021.

SageSure, a leading managing general underwriter and insurance technology innovator, has secured a $375 million senior credit facility from funds managed by the U.S. Direct Lending and Alternative Credit strategies of Ares Management Corporation (NYSE: ARES, “Ares”). Proceeds of the transaction will be used to refinance SageSure’s existing bank facility and to support strategic growth initiatives.

MidCap Business Credit LLC announces today that it has formed a new entity MidCap Equipment Finance LLC and has retained a team of seasoned investment professionals to begin offering equipment loans and leases to middle market companies in the US and Canada. This new product offering will be complementary to MidCap’s existing business which has been providing working capital loans since 2004.

Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, is pleased to announce it has entered into a $100 million asset-based lending (ABL) credit facility with PNC Bank effective February 8, 2022. The agreement with PNC replaces the Company's preexisting $75 million ABL credit facility, which was due to mature in February 2023.

Liquidity Services (Nasdaq: LQDT), a leading global commerce company powering the circular economy, today announced it entered into a new credit facility with Wells Fargo Bank that provides revolving loans up to a maximum aggregate principal amount of $25,000,000 with a $10,000,000 sublimit for standby letters of credit. The Credit Agreement will expire on March 31, 2024.