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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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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.
SFNet’s CEO, Rich Gumbrecht; SFNet’s Co-general Counsel, Jon Helfat; and Miin Chen, COO of Siena Lending Group, Testify in Front of the CT General Assembly Banking Committee
March 15, 2022
Cassie Rosenthal Named Chief Marketing Officer At Rosenthal
March 15, 2022

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Cassie Rosenthal has been named Chief Marketing Officer, becoming the first woman in Rosenthal’s 84-year history to join the C-suite.
Wolters Kluwer Compliance Solutions, in Collaboration with NYDIG, Launches Regulatory Risk Assessment Offering to Support Financial Institutions’ Bitcoin Programs
March 15, 2022

Wolters Kluwer Compliance Solutions, in collaboration with NYDIG, a leading Bitcoin company, has launched Bitcoin Risk Assessment – NYDIG Clients to provide regulatory assessments for financial institutions looking to offer their customers access to Bitcoin services provided by NYDIG.
Great Rock Capital Expands Origination Team
March 15, 2022

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Matt Simon has joined the firm as Managing Director of Originations. Matt will be based in Atlanta and is responsible for expanding origination efforts in Alabama, Georgia, and Tennessee, while also working with Lori Potter, Managing Director of Originations, in the Florida market.
Anthony F. Fata, Prominent Plaintiff’s Litigator in Commodities and Securities Litigation, Opens Kirby McInerney’s New Chicago Office
March 15, 2022

Kirby McInerney LLP has added Anthony F. Fata, a leading plaintiffs’ litigator in commodities, securities, and whistleblower matters, as a partner in the firm’s new Chicago office. Mr. Fata joins Kirby McInerney from Cafferty Clobes Meriwether & Sprengel LLP, where he led that firm’s efforts in commodities and securities litigation. He had previously defended SEC enforcement matters and securities class actions at McDermott, Will & Emery LLP.
LSQ Creates $1.7MM Credit Facility for California RV Accessories Company
March 15, 2022

LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1.7 million credit facility for a California-based recreational vehicle and travel trailer accessory manufacturer. The company will use the additional capital to fund innovation, new designs and improve existing products and services.
White Oak Healthcare Finance Closes Credit Facility to Behavioral Health Provider Youth Opportunity
March 15, 2022

White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent of a senior credit facility to recapitalize and extend growth capital to Youth Opportunity Investments (“YOI”), a provider of adolescent and psychiatric treatment services across four US states.
Stacy Tecklin Joins Glenn Agre to Lead New Distressed Debt & Claims Trading Practice
March 15, 2022

Glenn Agre Bergman & Fuentes LLP announced today that Stacy Tecklin has joined the firm as a partner and will lead the firm’s new Distressed Debt & Claims Trading practice. She will be based in the firm’s New York office. Known for her distinctive background in transactional corporate law, Tecklin maintains a complex distressed debt practice, representing buyers and sellers of a wide range of special situations investments, including syndicated par and distressed loans, bankruptcy claims, and post-reorganization proceeds.
Black Women in Asset Management Announces New Industry Partners
March 15, 2022

Black Women in Asset Management (BWAM), a non-profit organisation promoting the advancement of Black women working in the asset management industry, is delighted to announce Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G plc, Maniyar Capital, Morningstar, Inc. and State Street Global Advisors as new institutional members.
WSFS Bank Names Twelve Associates to Senior Leadership
March 15, 2022

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that the following 12 Associates from across the organization have been elevated to Senior Vice President (SVP) positions.
Gordon Brothers & New Mill Capital Partner to Sell Drinkworks Assets
March 15, 2022

Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with New Mill Capital to sell the machinery and equipment from Drinkworks’ two U.S. facilities in timed, online auctions. Drinkworks, a former producer of at-home bar machines, ceased operations in December 2021.
Echosec Systems Secures $10 Million Credit Facility from Espresso Capital
March 14, 2022

Espresso Capital announced today that it has provided Echosec Systems, a leading open-source intelligence software company, with a $10 million credit facility. Relied upon by security and intelligence teams to monitor social media and dark web networks, the company will use the capital to make strategic enhancements to its solutions and expand its investments in sales and marketing.
Strathcona Resources Ltd. Announces Increased Credit Facility to C$1.5 Billion and Completion of Amalgamation with Caltex Resources Ltd. and Stickney Resources Ltd.
March 14, 2022

Strathcona Resources Ltd. ("Strathcona" or the "Company") is pleased to announce it has completed its amalgamation with Caltex Resources Ltd. ("Caltex") and Stickney Resources Ltd. ("Stickney"). ATB Capital Markets, BMO Capital Markets, and CIBC Capital Markets acted as financial advisors to Strathcona on the Caltex acquisition. RBC Capital Markets and TD Securities acted as financial advisors to Strathcona on the Tucker acquisition.
Spark Networks Announces Successful Completion of Debt Refinancing Transaction
March 14, 2022

Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, today announced that on March 11, 2022 it completed the successful refinancing of its existing term and revolving loan facility with borrowings under a new term loan facility with MGG Investment Group LP.

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