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  • Tenaska Marketing Ventures Completes Renewal of Borrowing Base, Committed Credit Facility for up to $2 Billion
    March 23, 2022
    BNP Paribas, Coöperatieve Rabobank U.A., New York Branch MUFG Bank, Ltd., Société Générale, ING Capital LLC and Wells Fargo Bank, N.A. are Joint Lead Arrangers and Joint Bookrunners of the facility. CoBank, ACB, Industrial and Commercial Bank of China Limited, New York Branch, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation are Senior Managing Agents. A total of 16 lenders are participating in the facility, of which 3 are new lenders.
  • CrossFirst Bank Expands Restaurant Finance Group
    March 23, 2022
    CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. (NASDAQ: CFB), announced today that it will expand its restaurant finance group that will focus on building trusted relationships with established and high-growth restaurant chains. The Bank hired Bobby Oliver to lead the restaurant finance group as Executive Director, Restaurant Finance Group.
  • WSFS Completes Conversion of Bryn Mawr Trust into WSFS Bank; Launches Bryn Mawr Trust as the Prominent Wealth Management Brand
    March 23, 2022
    WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the brand conversion and systems integration of Bryn Mawr Trust into its primary subsidiary, WSFS Bank. All Bryn Mawr Trust banking accounts have successfully converted to WSFS Bank accounts. All legacy Bryn Mawr Trust Clients, now WSFS Bank Customers, have full access to WSFS Bank products and services, including 94 Retail banking offices and more than 600 ATMs across the Greater Philadelphia and Delaware region.
  • ADDvantage Technologies Further Expands Line of Credit in Anticipation of Accelerating Wireless Growth
    March 23, 2022
    ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today announced that it has renegotiated its lines of credit for its Telco and Wireless business segments, increasing total borrowing capacity and better positioning the Company for anticipated and accelerating growth for both 5G and Telco.
  • Big Shoulders Capital and Iroquois Industrial Group Acquire Benda Manufacturing Assets
    March 23, 2022
    Big 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. The acquisition of the assets of the 30-year-old Tinley Park, Illinois-based manufacturer closed on February 15, 2022 and a new company, Benda Conveyor Solutions, LLC, has been formed resulting in the creation of new jobs as operations are restructured.
  • With Commitment to Data Security and Privacy, LSQ Successfully Completes SOC-2 Audit
    March 23, 2022
    LSQ, a leading provider of working capital finance and payments solutions, announces the successful completion of their System and Organizational Controls (SOC) 2® Type 2 third-party attestation for their LSQ FastTrack® platform.
  • Monroe Capital Supports Aperture, LLC’s Acquisition of Biomechanical Research & Testing, LLC
    March 23, 2022
    Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Biomechanical Research & Testing, LLC (“BRT”) by Aperture, LLC (“Aperture”), a portfolio company of Trinity Hunt Partners.
  • SLR Healthcare ABL Provides $3 Million in Financing to a Skilled Nursing Operator
    March 23, 2022
    SLR Healthcare ABL is pleased to announce it has provided a $3 million in asset-based revolving line of credit to a skilled nursing operator in March 2022.
  • DCP Midstream Announces Sustainability-Linked Amendment and Renewal of Revolving Credit Facility
    March 22, 2022
    DCP Midstream, LP (NYSE: DCP) announced the amendment and renewal of its $1.4 billion revolving credit facility, which now includes sustainability-linked pricing metrics. The interest and fees paid on the credit facility are linked to two sustainability metrics, DCP’s progress toward reaching its target to reduce greenhouse gas (GHG) emissions, as published in its 2021 Sustainability Report, and outperforming midstream industry peers in safety performance.
  • Comvest Credit Partners Announces Investment in Horsepower Financial
    March 22, 2022
    Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a $40 million senior secured credit facility (the “Financing”) to Horsepower Financial, LLC (“Horsepower”), and its affiliates. Horsepower, a Lebanon, Ohio-based provider of consumer motorcycle leasing services, will use the Financing to fund working capital needs and business growth initiatives.
  • Iron Mountain Completes Amended and Restated Credit Agreement
    March 22, 2022
    Iron Mountain (NYSE: IRM), a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services, has completed, effective March 18, 2022, its amended and restated credit agreement with certain lenders; JPMorgan Chase Bank, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian administrative agent.
  • Monroe Capital Closes $457 Million Collateralized Loan Obligation Transaction
    March 22, 2022
    Monroe Capital LLC (“Monroe”) today announced the closing of a $457 million term debt securitization known as Monroe Capital MML CLO XIII, LTD. The term financing was Monroe’s eighth new issue CLO completed since 2018 and is secured by a portfolio of middle market senior secured loans.
  • Matrix Announces Promotions, Welcomes New Team Members
    March 22, 2022
    Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce several promotions, as well as welcome new team members.
  • JPMorgan Hires David Miree From Wells Fargo to Lead Diversity Unit
    March 22, 2022
    JPMorgan Chase & Co has named Wells Fargo senior executive David Miree as the global head of diversity, equity and inclusion, according to an internal memo seen by Reuters on Monday. Miree’s appointment is among a slew of organizational changes at the major Wall Street bank. An industry veteran with three decades’ experience, Miree served as the head of consumer and small business diverse customer segments at Wells Fargo.
  • Junior Debt Lending and Advisory added to CIBC's Commercial Banking services
    March 22, 2022
    The experienced Junior Debt Lending and Advisory team is led by industry veteran Charlie Sheridan. Sheridan, who recently joined the bank as managing director and group head, brings more than 20 years of industry experience to CIBC. Previously, he served as executive director of the Financial Sponsors Group at J.P. Morgan.
  • Haynes Boone Elevates 11 Lawyers to Counsel in 2022
    March 22, 2022
    Haynes and Boone, LLP has promoted to counsel 11 lawyers from the firm’s Austin, Dallas, Dallas-North, Denver, Houston, London, Orange County, Palo Alto, and San Francisco offices. The new counsel are Kelli Bills, Calmann Clements, Emily Fuller, Daniel Kwok, Taryn McDonald, Nick Monier, Kristin Santamaria, Hong Shi, Michael Smith, Robin Smith, and Michael Stoner.
  • Scott Frederick joins Pacific Western Bank as SVP, Business Development Officer for Asset-Based Lending in Midwest Region
    March 22, 2022
    Pacific Western Bank is pleased to announce that Scott Frederick has joined the Bank as a senior vice president, business development officer on its asset-based lending team. He will be located in Oak Park, Illinois. Scott will be driving the Bank’s efforts to deliver asset-based lending solutions to middle-market businesses throughout the Midwestern States- including Wisconsin, Indiana, Michigan, Ohio, Minnesota, Missouri and his home state of Illinois.
  • CIT Provides $30 Million for School Construction and Renovation Work
    March 22, 2022
    CIT, a division of First Citizens Bank, today announced that its Middle Market Banking business provided $30 million toward construction and enhancement of school facilities in Wahoo, Nebraska. The borrower, Saunders County Education Agency, will use the loan to help finance construction of a new, two-story school addition, as well as associated renovations, for the existing middle school and high school facility of Wahoo Public Schools.
  • Gramercy Lends $100 Million for Fintech’s Latin America Growth
    March 21, 2022
    Gramercy Funds Management LLC, an emerging-markets asset manager, loaned $100 million to OmniLatam, a Bogota-based fintech that’s entering the Brazil market. OmniLatam specializes in providing digital working-capital products to small and midsize businesses. It collects data such as invoices and tax forms to help make credit decisions based on the prospective borrower’s clients, sales and employees.
  • SLR Investment Corp. and SLR Senior Investment Corp. Announce Stockholder Approval of Merger
    March 21, 2022
    SLR Investment Corp. (NASDAQ: SLRC) (“SLRC”) and SLR Senior Investment Corp. (NASDAQ: SUNS) (“SUNS”) are pleased to announce that each company obtained stockholder approval of the proposals related to the previously announced merger of SLRC and SUNS (the “Merger”) at their respective special meetings of stockholders held on March 21, 2022.
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