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  • Schulte Roth & Zabel Represents CarVal Investors L.P.
    March 17, 2022
    Schulte Roth & Zabel represented CarVal Investors L.P. in AllianceBernstein L.P. and AllianceBernstein Holding L.P.’s acquisition of CarVal. CarVal, a leading global private alternatives investment manager with approximately $14.3 billion in assets under management, brings complementary private markets capabilities to AB’s Private Alternatives business and augments the firm’s position as a market leader.
  • Strong Results in Tiger Group’s Pacific Theatres Sale Point to Rebound in Theater Business and Continued Growth in Pro AV Sector
    March 17, 2022
    Demand from across the theater and professional AV industries drove strong results in Tiger Group’s February 22 auction of equipment from Pacific Theatres. The movie chain, formerly one of North America’s largest, filed for Chapter 7 bankruptcy in March 2020 in the wake of Covid-19 lockdowns. Tiger’s globally marketed online auction featured 297 lots of equipment, including projectors, a state-of-the-art LED screen, cinema monitors, servers, amplifiers, media blocks and even popcorn makers, all from an initial group of closed Pacific Theatres locations.
  • Technology and Talent Investments Critical for Business Transformation, CIT Survey Says
    March 17, 2022
    Businesses are investing in technology to expand online operations and facilitate remote work during the pandemic. But many of those same businesses are also eager to see their employees return to the workplace in greater numbers over the long term. Those are among the findings of a new survey of small and midsized business leaders conducted by The Harris Poll1 and sponsored by CIT, a division of First Citizens Bank.
  • Huntington National Bank names Brant J. Standridge President of Consumer and Business Banking
    March 17, 2022
    Huntington Bancshares, Inc. (Nasdaq: HBAN) announced today that Brant J. Standridge will join Huntington as President of Consumer & Business Banking, effective in early April 2022. In this role, Standridge will have responsibility for Huntington's branch network, business banking, mortgage and home lending, and Huntington Financial Advisors, as well as the segment's digital strategies and priorities, along with risk management.
  • ArentFox Schiff Welcomes Counsel Gabriela E. Palmieri in New York
    March 17, 2022
    ArentFox Schiff is pleased to announce the expansion of its Corporate & Securities practice with the addition of counsel Gabriela E. Palmieri. After serving nearly a decade as the exclusive New York general counsel to a global, ultra-high-net worth family office and their US private companies, Gabriela will counsel clients on complex joint venture, private equity, venture capital, and real estate investments, as well as on the corporate governance of private companies.
  • Castlelake and Chesswood Announce Forward Flow Purchase Agreement for Equipment Loan and Lease Receivables
    March 17, 2022
    Castlelake L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, and Chesswood Group Limited (TSX: CHW), a specialty finance company with 40 years of experience in the commercial equipment finance market, today announced an agreement for the forward purchase of diversified equipment loan and lease receivables originated by Chesswood subsidiaries Pawnee Leasing Corporation and Tandem Finance Inc.
  • Versana, Founded by Top Global Banks, Launches to Transform the $5T Syndicated Loan Market
    March 17, 2022
    Versana today announced its plans to launch a leading-edge, industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion market. Versana's founding members are J.P. Morgan, Bank of America, Citi and Credit Suisse.
  • SLR Credit Solutions Announces Promotions
    March 17, 2022
    SLR Credit Solutions announces the promotions of Michael Russell, managing director; Matthew Dunn, vice president and Jimmy Andreoli, assistant vice president.
  • Eastern Bank Welcomes Work ‘N Gear As An Asset Based Lending Customer
    March 16, 2022
    Eastern Bank is pleased to announce Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and healthcare apparel. According to Work ‘N Gear, it is the largest U.S. retailer specializing in work and healthcare apparel, with 39 retail locations throughout the Northeast and Midwest.
  • Chicago Atlantic Real Estate Finance Funds $30 Million Senior Secured Credit Facility to Single-State Cannabis Operator in Florida
    March 16, 2022
    Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, announced today it led a $30 million senior secured credit facility to a private, vertically integrated, single-state cannabis operator in Florida. At closing, Chicago Atlantic funded $17.5 million of its total $22.5 million commitment.
  • National Funding Announces the Upsize of Its Bank Credit Facility to $100 Million
    March 16, 2022
    National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced the recent renewal and upsize of a $100.0 million senior secured warehouse line of credit. The upsize includes an accordion to expand to $125.0 million, which was provided by a prominent U.S.-based commercial bank. The facility will continue to be used by the Company to fund new originations and support additional platform growth.
  • Latham & Watkins Advises Anvil Channel Energy Solutions In Completion of $51.35 Million Acquisition Financing
    March 16, 2022
    Anvil Channel Energy Solutions has announced the final close of a USD$51.35 million senior secured term loan facility to ROK Resources, Inc., supporting the acquisition of producing oil and gas assets, primarily in Saskatchewan and Alberta, Canada from Federated Co-operatives Limited. Total consideration paid for the acquisition was approximately CAD$72 million; Anvil’s loan facility was sized at USD-equivalent to CAD$65 million.
  • Bay View Funding Appoints Norman Brame to Senior Vice President, Regional Sales Manager
    March 16, 2022
    Bay View Funding, a subsidiary of Heritage Bank of Commerce, (“the Bank”), announces the appointment of Norman Brame as Senior Vice President, Regional Sales Manager. He will focus on originating new factoring business in Virginia, Tennessee, North and South Carolina, and surrounding Southeast markets.
  • Accord Financial Invests in People and Technology: Michael Wun Joins as Vice President, IT
    March 16, 2022
    Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the hiring of Michael Wun as VP, IT. In this role, he will implement leading-edge technology providing greater efficiency for both clients and employees across Accord's suite of tailored financial solutions.
  • MUFG Expands its Securitized Products Business with Strategic new Hire
    March 16, 2022
    Mitsubishi UFJ Financial Group (MUFG) today announced that Yezdan Badrakhan will be joining the firm as Managing Director and Head of U.S. Esoteric Asset Backed Securities (ABS). Based in New York, Mr. Badrakhan will report to Tricia Hazelwood, International Head of Securitized Products.
  • J D Factors Announces Factoring Facilities
    March 16, 2022
    J D Factors announced it provided the following factoring facilities: $75,000 to a transportation company in Georgia; $300,000 to a wholesale costume jewelry company in Florida; $150,000 to a transportation company in Alberta; $200,000 to a transportation company in South Carolina...
  • Horizon Technology Finance Leads $10 Million Venture Loan to Aerobiotix
    March 16, 2022
    Horizon 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 $10 million venture loan facility to Aerobiotix, LLC ("Aerobiotix"), of which Horizon funded $5 million, and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's adviser, funded $5 million.
  • Regions Bank Taps Dave Strickert as Corporate Credit Products Leader
    March 16, 2022
    Regions Bank on Tuesday announced it has hired Dave Strickert to lead Corporate Credit Products, part of Regions’ Credit Products Group within Corporate Banking. Strickert joins Regions after a 30-plus-year career at Bank of America, where he most recently served as managing director and group head of its Leveraged Finance team in the Wholesale Credit division.
  • Dentons Hires Leading Asset-based Lending Partner in London
    March 15, 2022
    Dentons has recruited Simon Prendergast as a partner in the firm’s UK Banking and Finance Division. One of the leading asset-based lending and receivables financing lawyers in the UK, ranked as a leading individual in both Legal 500 and Chambers, Simon joins the London office from Addleshaw Goddard where he has been a partner since 2013.
  • Aspen Group, Inc. Announces Closing of Convertible Notes and Revolving Credit Facility
    March 15, 2022
    Aspen Group, Inc. ("AGI") (Nasdaq: ASPU), an education technology holding company, today announced the closing of $10 million in convertible notes and a $20 million revolving credit facility. Proceeds from the $10 million received at closing will be used for general corporate purposes, including funding the Company’s expansion of its BSN Pre-Licensure nursing degree program. The financing closed on Monday, March 14, 2022.
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