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  • Abraxas Announces Comprehensive Restructuring, Transformation into Pure-Play Delaware Basin Company
    January 3, 2022
    Abraxas Petroleum Corporation, a Nevada corporation (“Abraxas” or the “Company”) (OTCQX:AXAS), today announced (i) the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2MM, (ii) the repayment of all of its revolving credit facility and (iii) the exchange of its entire Second Lien Term Loan held by Angelo Gordon Energy Funding, LLC (“Angelo Gordon” or “AG”) into newly authorized Series A Preferred Stock.
  • Armstrong Flooring Announces Amendments to ABL And Term Loan Facilities
    January 3, 2022
    Armstrong Flooring, Inc. (NYSE:AFI) a leader in the design and manufacture of innovative flooring solutions, announced it has successfully amended its ABL Credit Facility and Term Loan Facility today. These amendments, which received unanimous support from the Company's ABL and Term Loan lenders, provide certain covenant modifications under the Company's ABL and Term Loan facilities through June 30, 2022.
  • Freshlocal Receives $8.8 Million Secured Credit Facility from Export Development Canada
    January 3, 2022
    Freshlocal Solutions Inc. (TSX: LOCL) (OTC: FLOCF) ("Freshlocal" or the "Company") is pleased to announce it has entered into a secured $8.8 million credit facility agreement with Export Development Canada ("EDC") dated December 28, 2021 (the "EDC Facility") to support Freshlocal's international expansion efforts related to its FoodX SaaS-based eGrocery Management Solution (eGMS).
  • Atento Announces Signing of new Super Senior Revolving Credit Facility
    January 3, 2022
    Atento S.A. (NYSE: ATTO, "Atento"), one of the world's five largest providers of customer relationship and business process outsourcing (CRM / BPO) services and sector leader in Latin America, announced today that it entered on December 23, 2021 a new super senior revolving credit facility with IDB Invest, the private sector arm of the Inter-American Development Bank.
  • International Factoring Association Names Daniel New Executive Director
    January 3, 2022
    The International Factoring Association, the world’s largest association of commercial finance companies, announced that Tania Daniel has assumed the role of Executive Director. Daniel, who has spent her entire career in the factoring industry and is also a long-standing member of the IFA’s Advisory Board, will help lead the association into its next chapter.
  • German American Announces Completion of Merger With Citizens Union Bancorp of Shelbyville, Inc. and Citizens Union Bank of Shelbyville, Inc.
    January 3, 2022
    German American Bancorp, Inc. (Nasdaq: GABC) announced today that it has completed its merger with Citizens Union Bancorp of Shelbyville, Inc., the parent company of Citizens Union Bank of Shelbyville, Inc. of Shelbyville, Kentucky, effective at 12:01 a.m. (Eastern time) on January 1, 2022. Immediately following completion of the holding company transaction, Citizens Union Bank merged with and into German American’s banking subsidiary, German American Bank.
  • FocalPoint Advises Apex Innovative Sciences on its Corporate Divestiture
    January 3, 2022
    Apex Innovative Sciences, Inc. (“Apex” or the “Company”), a clinical research and site service organization specializing in complex early phase studies, has completed a corporate divestiture of Ocean View Adult Psychiatric Hospital (“Ocean View”). Ocean View was acquired by View Behavioral Health (“View”), an investment group led by former Divisional President, Jack Stephens. FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to the Company.
  • Velocity Risk Announces Acquisition by Oaktree
    January 3, 2022
    Velocity Risk Underwriters, LLC (“Velocity Risk”), a catastrophe-focused property and specialty insurance risks managing general agent (“MGA”), has announced its acquisition by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leading global investment manager specializing in alternative investments.
  • Urgently Secures Up to $75 Million in New Financing from Highbridge, Onex Credit and Whitebox Advisors
    January 3, 2022
    Urgently, a leading provider of digital roadside and mobility assistance services, announced today it has secured up to $75 million in debt financing from certain funds managed by Highbridge Capital Management, LLC (“Highbridge”), Onex Credit and Whitebox Advisors, that will help the company advance its mission to transform the legacy roadside assistance market and to develop and define the new market for connected mobility assistance services for automotive, insurance, fleet, logistics, new mobility and technology transportation companies. In addition, Structural Capital refinanced and increased its existing debt facility with Urgently to $17.5 million.
  • Former MUFG Americas Head Tapped as Next Va. Finance Secretary
    January 3, 2022
    Stephen Emery Cummings, who retired in March as the president and CEO of Mitsubishi UFJ Financial Group (MUFG) in the Americas, has been chosen as Virginia’s next secretary of finance, Gov.-elect Glenn Youngkin announced Wednesday.
  • Dominion Lending Centres Announces Closing of Credit Facilities
    January 3, 2022
    Dominion Lending Centres Inc. (TSXV:DLCG) (“DLC” or the “Corporation”) is pleased to report that it has closed its new credit facilities with Toronto-Dominion Bank, the terms of which were previously announced by the Corporation on November 29, 2021.
  • Harris Williams Advises WhiteWater Express Carwash On Its Recapitalization By Freeman Spogli & Co.
    January 3, 2022
    Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised WhiteWater Express Carwash (WhiteWater), a portfolio company of SkyKnight Capital L.P. (SkyKnight), on its recapitalization led by Freeman Spogli & Co. (Freeman Spogli). WhiteWater is an express car wash platform with over 60 locations headquartered in Houston. The transaction was led by Jershon Jones, Jason Bass, Joe Conner, Jonathan Meredith, Nick Petrick and Matt Williamson of the Harris Williams Transportation & Logistics (T&L) Group.
  • Capital Southwest Supports Xyresic’s Investment in Tele-Town Hall, LLC
    January 3, 2022
    Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it backed Xyresic Capital’s (“Xyresic”) acquisition of Tele-Town Hall LLC (“TTH” or the “Company”) with a senior secured first lien term loan and a second lien term loan. Capital Southwest led the financing and will act as the sole administrative agent on the facility.
  • Season’s Greetings from Siena
    January 3, 2022
    More than ever, the past two years have underscored how we are all connected. In the spirit of giving and sharing, Siena has donated to several food pantries and soup kitchens across the country on behalf of our employees and clients.
  • Parker, Hudson, Rainer & Dobbs LLP is Pleased to Announce Kelley C. Gass Has Been Admitted to the Partnership as of January 1, 2022
    January 3, 2022
    Parker, Hudson, Rainer & Dobbs LLP is pleased to announce commercial finance attorney Kelley C. Gass has been admitted to the partnership as of January 1, 2022. Kelley is a member in the firm’s Commercial Finance practice group, representing national and regional banks and other financial institutions in a broad spectrum of secured lending transactions. Her work includes asset-based financings, syndicated loan facilities, healthcare financings, acquisition financings, and debtor-in-possession financings.
  • Celtic Capital Corporation Provides Financing for a PA-based Precision CNC Machine Shop
    January 3, 2022
    Celtic Capital provided a $500,000 accounts receivable line of credit and a $630,000 equipment loan to accomplish the company’s objectives.
  • Bitfarms Secures $100 Million Credit Facility
    January 3, 2022
    Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, secured a $100 million credit facility with Galaxy Digital LLC backed by Bitcoin (BTC).
  • Casella Waste Systems, Inc. Announces Closing of $650 Million Amended and Restated Credit Facility
    January 3, 2022
    Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced that on December 22, 2021, it entered into a $650 million Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent and swing line lender, Bank of America, N.A., Citizens Bank, N.A., JPMorgan Chase Bank N.A. and Comerica Bank as joint lead arrangers and joint bookrunners, and certain other agents and lenders (the “Credit Facility”).
  • Finitive Names Todd Stokes, PhD as Chief Data Officer
    January 3, 2022
    Finitive, the leading data-driven private credit marketplace connecting borrowers with institutional investors, today announced it has hired Todd Stokes, PhD as its Chief Data Officer. In his new role, Dr. Stokes will lead the formation of an analytics organization to leverage third-party and proprietary data, machine learning and algorithms to advance and accelerate how investors gain access to, and lend to, private credit borrowers on the Finitive platform.
  • Aterian Signs A $50 Million Credit Facility With MidCap Financial Trust
    January 3, 2022
    Aterian, Inc. (Nasdaq: ATER) (“Aterian”) announced today that it has signed an asset backed credit facility with MidCap Financial Trust (“MidCap”), which is managed by a subsidiary of Apollo Global Management, Inc. The credit facility has a three year term and gives Aterian access to up to $50 million in total credit, consisting of $40 million in commitments with an accordion facility of an additional $10 million.
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