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First Eagle Investments to Acquire Napier Park Global Capital, Expanding Alternative Credit Capabilities
First Eagle Investments ("First Eagle") today announced a definitive agreement to acquire Napier Park Global Capital ("Napier Park"), a leading alternative credit manager with approximately $18.7 billion in assets under management as of December 31, 2021, predominantly for institutions through credit funds, US and European collateralized loan obligations, and real assets. As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as "Napier Park, a First Eagle Investments Company" and maintain its investment approach, business focus and client service.
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MidCap Business Credit Launches new Equipment Finance Business, Increases Credit Facility with Wells Fargo Capital Finance
April 11, 2022MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical, MidCap Equipment Finance, which will focus on providing equipment leases and loans between $2 million and $20 million to middle-market customers in the United States and Canada.
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Latham & Watkins Advises Bank Syndicate On €2 Billion Credit Facility For Deutsche Lufthansa Ag
April 11, 2022Latham & Watkins LLP advised the syndicate of 28 banks on a €2 billion syndicated revolving credit facility for Deutsche Lufthansa AG. The new credit line has a term of three years plus two one-year extension options ("3+1+1" years).
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Stonegate Capital Announces a Senior Debt Investment in Clio Snacks
April 11, 2022Stonegate Capital is excited to announce it has closed on a senior debt investment in Clio Snacks. Founded in 2015 by Sergey Konchakovskiy, Clio offers a line of handheld Greek Yogurt Bars and Granola & Yogurt Parfait Bars that combine the benefits of whole milk Greek yogurt - which are high in protein and probiotics - with an irresistible cheesecake-like texture and decadent dark chocolate coating.
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SkyHive Receives Strategic Investment from Deutsche Bank
April 11, 2022SkyHive, a workforce technology innovator that delivers powerful insights for improved human capital management (HCM), today announced that Deutsche Bank, Germany’s leading bank, has made a sizable equity investment in the company via its strategic Corporate Venture Capital unit. The funding coincides with SkyHive’s European incorporation and ineasing demand from multinational customers.
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Nearly Half of Owners Report Increasing Compensation in March
April 11, 2022Throughout 2021 and into 2022, the number of small business owners who report that they have unfilled job openings has been at historically high levels – significantly above the NFIB Small Business Jobs Report’s decades-long average. That trend continued in March, with more and more owners also increasing compensation.
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Univest Bank and Trust Co. Appoints Patrick McCormick as Chief Credit Officer
April 11, 2022Univest Bank and Trust Co., subsidiary of Univest Financial Corporation (NASDAQ: UVSP), announced the appointment of Patrick McCormick as Executive Vice President and Chief Credit Officer. McCormick brings nearly 20 years of credit experience in the financial services industry to his role. He will be responsible for overseeing credit policy and managing credit risk for the bank’s loan portfolio.
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SLR Equipment Finance, Formerly Known as Nations Equipment Finance, Expands its business Development Capabilities and Announces That Erik Harke has Joined the Company
April 11, 2022SLR Equipment Finance is pleased to announce Erik Harke has joined our company as a Vice President of Business Development. In his role, Harke will help grow SLR Equipment Finance’s leasing and lending activities in the West Coast region of the U.S. Harke began his career with Jules and Associates. He most recently was with Alliance Funding Group in Tustin, CA.
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Jeanne Lapak Joins BankNewport as Chief Commercial Banking and Lending Officer
April 11, 2022BankNewport is pleased to announce that Jeanne Lapak joined the Bank’s executive team in November 2021 as Executive Vice President, Chief Commercial Banking and Lending Officer, responsible for leading the Commercial and Business Banking Teams.
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Heritage Global’s National Loan Exchange Division Appoints Ashley Arens-Yager as Assistant Vice President – Sale Operations
April 11, 2022National Loan Exchange, Inc. (“NLEX”), a division of Heritage Global Inc. (Nasdaq: HGBL) and a leading loan sale advisor of charged off and nonperforming asset portfolios, announced today that Ashley Arens-Yager has joined its team as Assistant Vice President – Sale Operations, where she will interface with the buyer network and support the internal growth initiatives.
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Global Net Lease Completes $1.45 Billion Credit Facility Recast, Upsized From Previous $1.1 Billion Facility
April 11, 2022Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that the Company has replaced its existing credit facility with a new, $1.45 billion corporate revolving credit facility (the "Credit Facility") that has a 4.5-year term and improved pricing that is 15 basis points lower than the facility it replaced. The Credit Facility will be administered by Key Bank, N.A. and includes two six-month extension options.
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Atlantic Sapphire Secures $25 Million Credit Facility
April 11, 2022Atlantic Sapphire has secured an additional USD 25 million (EUR 22.9 million) credit facility, with DNB Capital LLC as the lender. The funds will be used to fully finance phase two of the company’s U.S. recirculating aquaculture system (RAS) project in Miami, Florida, U.S.A.
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E2open Upsizes Existing Credit Agreement by $190 Million
April 11, 2022E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, today announced it has amended and upsized its existing credit facility with an incremental term loan provided by Golub Capital.
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BankUnited Opens New Atlanta Corporate Banking Office In Renewed Push to Expand Outside of Florida, New York
April 11, 2022BankUnited, N.A., a wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), has opened a new corporate banking office in Atlanta, representing a renewed effort to expand outside of its core markets of Florida and New York. Adam Gordon has been hired as market executive and corporate banking team leader; the team will be working from the newly opened Atlanta office, 3500 Lenox Road, Suite 720.
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Big Shoulders Capital and Iroquois Industrial Group Acquire Benda Manufacturing Assets
April 11, 2022Big Shoulders Capital and Iroquois Industrial Group have formed a partnership to acquire the assets of Benda Manufacturing, a leader in conveyor and product handling systems for the food industry and other industries requiring integrated production line conveyors.
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Dime Names Robert Maichin Head of Middle Market Lending
April 11, 2022Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Robert “Bob” Maichin will join the Company as Head of Middle Market Lending. In this role, Maichin will lead Dime’s middle market commercial lending operations and also build out specialized lending niches.
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J D Factors Hires Jonathan Gay as Business Development Officer
April 7, 2022J D Factors is proud to announce the hiring of Jonathan Gay as Business Development Officer in Sacramento, California. Jon has extensive experience and knowledge in the factoring industry and will be responsible for generating new business in Northern California along with the Northwestern United States.
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SLR Credit Solutions Agents $20,500,000 Term Loan for Oscar De La Renta
April 7, 2022SLR Credit Solutions (“SLR CS”) announced the closing of a $20,500,000 senior secured term loan in concert with a $20,000,000, revolving line of credit for Oscar de la Renta, LLC (“ODLR or the “Company”). Founded in 1965, ODLR is a designer and retailer of luxury women’s apparel sold through upscale wholesale accounts and direct-to-consumer (“DTC”) both in stores and at www.oscardelarenta.com.
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NowVertical Group Closes Acquisition of Allegient Defense and Closes US$5.8M Credit Facility
April 7, 2022Concurrent with the closing of the Acquisition, NOW secured a $5,800,000 credit facility with US-based MVB Bank, comprising a $3,800,000 term loan that will bear interest at the 5-Year Treasury Rate + 3.25% (with a floor of 4.5%) and a $2,000,000 revolving line of credit that will bear interest at the WSJ Prime Rate plus 0.25% (with a floor of 3.5%) (the “Facility”). The Facility provides increased flexibility for meeting working capital requirements.
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Pacific Western Bank Releases 2021 Environmental Social Governance Report
April 7, 2022Some of the key developments that are highlighted in the 2021 Report include: • $1 billion in lending benefiting low- or moderate-income individuals and small businesses • $3.5 million in charitable contributions to benefit local communities • Outstanding CRA rating from the FDIC • 2,896 Employee volunteer hours
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AlixPartners Forms Alliance with Washington, D.C.-based Consultancy Cypress International
April 7, 2022-AlixPartners, the global consulting firm, today announced a strategic alliance with Cypress International, a Washington, D.C.-based consultancy specializing in helping industry support the U.S. Department of Defense (DoD) and other federal-government departments and agencies.
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