- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Barnes & Thornburg Boosts M&A Capabilities With Partners in Atlanta and Chicago
- Abacus Finance Group Provides Senior Debt Financing to Support Westview Capital Partners’ Investment in Benefits All In
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
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Lexicon Enters Into Loan Facility With Oxford Finance For Up To $150 Million To Support Planned Commercialization Of Sotagliflozin
Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced it entered into a loan facility with Oxford Finance LLC that provides up to $150 million in borrowing capacity designed primarily to support commercial preparations and the potential launch of sotagliflozin in heart failure.
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Cambridge Wilkinson Investment Banking Closes $80 Million Debt Facility for Multi-Family Real Estate Development
March 21, 2022Cambridge Wilkinson ("CW") is pleased to announce the closing of an $80MM debt facility for a long track record real estate sponsor in the Southeast United States. This bridge and construction facility will be used to develop a multi-family development on a 600-acre master plan community.
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Trinity Capital Inc. Announces Senior Leadership Appointments
March 21, 2022Gerry Harder has been promoted to serve as the Company's first-ever Chief Operating Officer, where he will steward corporate infrastructure and operational initiatives to support platform growth and new business creation. Ron Kundich has been with Trinity Capital since 2018 and has served as Senior Vice President, Loan Originations since August 2019 and has also contributed to Trinity's investment performance as a member of the investment committee.
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Wilmington Trust Announces 5 Key Hires to its Project Finance Group
March 21, 2022Wilmington Trust, a leader in corporate and institutional trust services, today announced the addition of five new team members to the Project Finance Agency Services business within Global Capital Markets (GCM) – Stephanie Li, Rafael Miranda, Amedeo Morreale, Kevin Pennant, and Bobby Reyes. The team will report directly to Will Marder, Head of Project Finance.
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Iron Mountain Completes Amended and Restated Credit Agreement
March 21, 2022Iron 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.
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Corus Entertainment Announces Extension of Credit Facilities
March 21, 2022Corus Entertainment Inc. ("Corus") (TSX: CJR.B) announced today that it has completed an agreement to amend and restate its existing syndicated senior secured credit facilities with its bank group, led by RBC Capital Markets and TD Securities.
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J D Factors Announces Factoring Facilities
March 21, 2022J D Factors announced it provided the following deals: $100,000 to a transportation company in Georgia; $50,000 to a transportation company in Mississippi; $150,000 to a transportation company in California; $75,000 to a transportation company in Ontario.
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Aeromexico Exits Bankruptcy With Plan to Invest $5 Billion in Fleet
March 21, 2022Grupo Aeromexico SAB has emerged from its restructuring process and will invest $5 billion over the next five years to expand its fleet as it prepares to start growing again. The carrier won court approval to emerge from Chapter 11 in late January but still had to fulfill certain conditions to finalize the process, Aeromexico said in a statement Thursday.
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White Oak Provides $40 Million Term Loan Financing for Acquisition of Sun Mountain Sports
March 21, 2022White Oak Global Advisors, LLC, (“White Oak”) announced it provided a $40 million term loan to Solace Capital Partners to support its acquisition of Sun Mountain Sports. In addition, White Oak Commercial Finance, LLC, an affiliate of WOGA, provided a $10 million ABL credit revolver to help meet Sun Mountain’s ongoing working capital needs.
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CapStar Announces Richard Stone as Rutherford & Williamson Counties Market President
March 21, 2022CapStar Bank, a subsidiary of CapStar Financial Holdings, Inc. (NASDAQ: CSTR), announces the hiring of Richard Stone as Senior Vice President, Rutherford & Williamson Counties Market President, where he will lead business development and customer service initiatives across the region. The Bank currently has two locations (Brentwood and Murfreesboro) and four commercial relationship managers to serve the area and is poised to expand services and recruit additional bankers in 2022 to further deliver its best-in-class banking experience.
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Clifford Chance Continues US Structured Finance Expansion with Appointment of Counsel Leah Feldman
March 21, 2022Leading international law firm Clifford Chance announced today the hiring of experienced structured finance attorney Leah Feldman as counsel in its US Structured Finance team. Feldman will focus her work on commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), collateralized loan obligations (CLO) and asset-backed securities (ABS).
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Grid Dynamics Announces Completion of New Revolving Credit Facility with JP Morgan
March 21, 2022Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leader in enterprise-level digital engineering services and solutions, today announced that it has obtained a new revolving line of credit facility with J.P. Morgan Chase Bank. The credit facility is up to an amount of $30 million for a period of three years. Grid Dynamics expects to use the loan proceeds to support its growth and operational objectives.
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Horizon Technology Finance Leads $15 Million Venture Loan Facility to Secure Transfusion Services
March 21, 2022Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it closed a $15 million venture loan facility to Secure Transfusion Services, Inc. ("STS"), of which Horizon funded $5 million of the initial $10 million draw.
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Chowder Secures a $25 Million Credit Facility with Coromandel Capital
March 21, 2022Chowder, a home improvement-focused FinTech company providing flexible payment options to cash- and credit-constrained homeowners, has secured its first credit facility with Coromandel Capital. This $25 million facility, with the option to increase, allows Chowder to more rapidly scale its contractor, distributor, and manufacturer network. Chowder will also be able to expand the offering of its flexible payment options to the 25 million-plus homeowners who have limited or no access to credit for vital home improvement purchases.
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Impel Neuropharma Announces $100 Million Royalty and Debt Financing Agreement With Oaktree
March 21, 2022Impel NeuroPharma (NASDAQ: IMPL), a commercial-stage pharmaceutical company developing transformative therapies for people suffering from diseases with high unmet medical needs, with an initial focus on the central nervous system, today announced two separate transactions with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) totaling $100 million in gross funding. The transactions include a $50 million royalty agreement on net sales of the nasal spray, Trudhesa™, and $50 million of senior secured debt.
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Select Energy Services Enhances Its Financial Strength and Sustainability Leadership Through Extension Of Credit Facility With Sustainability-Linked Pricing
March 21, 2022Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of sustainable full life cycle water and chemical solutions to the U.S. unconventional oil and gas industry, today announced that it has successfully transitioned its existing Asset-Backed Loan facility into a Sustainability-Linked Loan facility, while extending the facility through March of 2027.
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Scout Clean Energy Closes $250mm Revolving Credit Facility
March 21, 2022Scout Clean Energy ("Scout"), a Colorado based renewable energy developer, owner, and operator, is pleased to announce the closing of a $250 million revolving corporate credit facility ("facility"). The facility will primarily be used to fund pre-construction development and equipment expenses, PPA security requirements and other corporate expenses for Scout's rapidly growing pipeline of wind, solar and storage projects. Scout is a portfolio company of Quinbrook Infrastructure Partners.
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DailyPay Secures $300 Million Credit Facility From Barclays in a Landmark Deal for the On-Demand Pay Industry
March 21, 2022DailyPay, a leading technology platform, today announced it has secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to significant capital to service its ever-growing roster of partners, which includes America's leading employers.
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Cross River’s Strategic Direct Lending Group Extends $50 Million Credit Facility to Cherry Technologies
March 17, 2022Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced that its Strategic Direct Lending team has provided a $50mm credit facility to Cherry Technologies (“Cherry”) which enables medical practices to offer flexible payment plans to their patients. Additionally, Cross River will originate the loans through its comprehensive banking and technology platform, enabling Cherry to deliver greater and more efficient access to credit for patients nationwide.
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Grid Dynamics Announces Completion of New Revolving Credit Facility with JP Morgan
March 17, 2022Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital engineering services and solutions, today announced that it has obtained a new revolving line of credit facility with J.P. Morgan Chase Bank. The credit facility is up to an amount of $30 million for a period of three years.
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Phoenix Lending Survey Results Reveals Geopolitical Tension & Higher Interest Rates to be Biggest Economic Headwind in 2022
March 17, 2022From the first quarter Phoenix Management “Lending Climate in America” survey results reveals the majority of lenders anticipate geopolitical tension and an increase in interest rates to be the biggest economic headwind in 2022 Phoenix’s Q1 2022 “Lending Climate in America” survey asked lenders what the biggest headwind will be for 2022. Fifty percent of the lenders surveyed believe geopolitical tension will be the biggest headwind, while the other 50% of lenders believe higher interest rates will be the biggest headwind for 2022. Zero percent of lenders cited higher corporate taxes or the Omicron COVID-19 variant to be an economic headwind for 2022.
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