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  • USA Compression Partners Announces New Credit Facility
    December 8, 2021
    USA Compression Partners, LP (NYSE: USAC) (“USA Compression” or the “Partnership”) announced today that it had entered into the Seventh Amended and Restated Credit Agreement effective today, December 8, 2021, extending the maturity of its senior secured credit facility until December 2026. The credit facility is led by J.P. Morgan and includes 17 additional financial institutions with a combined commitment of $1.6 billion.
  • Mercuria Secures RCF for North American Operations
    December 8, 2021
    Global commodities trader Mercuria has closed an oversubscribed US$2.2bn revolving credit facility from a group of banks in North America. Financing will back the company’s working capital needs in the region, as well as wider efforts to boost Mercuria’s renewable portfolio on the continent and transition towards greener business.
  • Angelo Gordon Appoints Head of ESG Allison Binns to Enhance Firm’s Strategic Approach
    December 8, 2021
    Angelo Gordon, a $48 billion alternative investment firm focused on credit and real estate investing, today announced that Allison Binns, former Executive Director for Global Sustainability Research at Morgan Stanley, has joined the firm as Head of Environmental, Social & Governance (ESG) and Sustainable Investing Strategies. In this new role, Ms. Binns will lead and drive a best-in-class, strategic approach to ESG integration and opportunity across Angelo Gordon’s global platform.
  • Greystone Grows Commercial Team and Structured Finance Business
    December 8, 2021
    Greystone, a leading national commercial real estate finance company, announced that its commercial team, led by Scott Chisholm, has hired Gary Stellato as Managing Director and Counsel and Peter Fogarty as a Director. Greystone’s commercial platform focuses on originations across all of Greystone’s capital sources and manages institutional structured finance business solutions for large multifamily, office, retail, hospitality, and industrial assets.
  • First Financial to Acquire Summit Funding Group
    December 8, 2021
    Lazard served as First Financial's financial advisor on the transaction, and Squire Patton Boggs (US) LLP served as legal counsel. Keefe, Bruyette & Woods, a Stifel Company, served as financial advisor to Summit, and Taft Stettinius & Hollister LLP served as legal counsel.
  • Winston & Strawn Names 21 New U.S. Partners
    December 8, 2021
    Winston & Strawn LLP is pleased to announce that 21 attorneys have been elevated to partner. The class represents Winston's ongoing commitment to diversity with 42.8 percent being women, persons of color, and LGBTQ+. Established members of eight different practice areas and seven U.S. offices, this year's slate of new partners highlights both the breadth of our practices as well as the firm's growth in key markets.
  • Quasar Capital Partners Announces Robert Center as Account Manager
    December 8, 2021
    For the last seven years, Robert has served in an industry that specializes in helping people transition and move their lives and families across the country. He excels in recommending high-impact solutions that help small businesses achieve profitability and individual clients reach their goals. His intellectual curiosity and passion for technology characterize him as a lifelong learner. From building his own computers to showing a co-worker a shortcut to make their life easier, Robert believes that we all have something that we can learn from one another.
  • Mixed Signals in Commercial Real Estate Call for Renewed Emphasis on Data-Driven Strategies, Advises A&G Executive
    December 8, 2021
    Mixed marketplace signals underscore the need for turnaround and restructuring professionals to put an even sharper focus on data and analysis in commercial real estate projects, writes Andrew Graiser, Co-President of A&G Real Estate Partners, in the December issue of The Journal of Corporate Renewal (JCR).
  • Peapack-Gladstone Bank Hires Katherine M. Dickenson, Esq. as Senior Managing Director, Assistant General Counsel
    December 7, 2021
    Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Katherine M. Dickenson, Esq. as Senior Managing Director, Assistant General Counsel.
  • William Blair Adds Managing Director in Chicago
    December 7, 2021
    William Blair, a global boutique with expertise in investment banking, investment management, and private wealth management, has appointed Jim Conniff as a managing director in the firm’s investment banking group.
  • Watsonville Community Hospital Enters Chapter 11 Filing as It Finalizes Stalking Horse Asset Purchase Agreement
    December 7, 2021
    The hospital is being advised by the law firm of Pachulski Stang Ziehl & Jones LLP, led by attorneys Debra Grassgreen, Maxim Litvak and Steven Golden. The cases were filed in the U.S. Bankruptcy Court for the Northern District of California, San Jose Division. Judge M. Elaine Hammond is the presiding judge.
  • Jackman Launches Two New Diligence Offerings -- Increases Odds Of Success For Private Equity Partners
    December 7, 2021
    Jackman announced today two new diligence offerings designed to help Private Equity partners quickly evaluate the full potential of a target asset along with possible future paths, and inform investment thesis development and deal valuation.
  • CIT Names Business Development Leaders in Capital Equipment Finance
    December 7, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Capital Equipment Finance business has hired three new business development leaders to support clients and growth in the equipment finance market. Thomas Linebarger, Scott Ryan and Erick Berreondo have joined CIT’s Capital Equipment Finance (CEF) group as business development directors. Linebarger’s territory covers the Great Lakes region, Ryan is responsible for the Northeast and Berreondo will join the indirect originations sales channel.
  • Alpha Completes Refinancing of ABL New $155 Million Facility Matures in December 2024
    December 7, 2021
    The new $155 million facility will mature in December 2024 and includes $125 million committed availability for letters of credit and another $25 million uncommitted on a cash collateralized basis. Proceeds from this ABL will be the same as the prior facility: issuance of letters of credit, working capital, and incremental liquidity needs. Citibank serves as administrative agent and collateral agent on the refinance and BMO and Eclipse serve as co-collateral agents.
  • LiquidX Launches Digital Distribution of Trade Finance Assets
    December 7, 2021
    LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, today announced the launch of automated digital distribution technology for trade finance assets. With this launch, banks and asset managers now have a fully digital solution for programmatic, automated origination and distribution of trade finance assets, allowing them to scale, improve returns, and generate costs savings for their trade finance businesses.
  • Celestica Announces Enhancements to Current Credit Facility
    December 7, 2021
    The Second Incremental Term Loan and increased Revolver were provided by a syndicate of lenders with Bank of America, N.A. acting as Administrative Agent. BofA Securities, Inc., Canadian Imperial Bank of Commerce, and The Bank of Nova Scotia acted as Joint Lead Arrangers and Joint Bookrunners (with BofA Securities, Inc. as “left side” Joint Lead Arranger). All dollar amounts are denominated in U.S. dollars.
  • SVB Financial Group’s Expansion into Tech Investment Banking Continues with New Senior Bankers and the Launch of Technology Leveraged Finance and Equity Capital Markets
    December 7, 2021
    SVB Financial Group (“SVB”) (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced the continued growth of the Tech Investment Banking team with additional hires in the Internet, Consumer / Marketing Software, Fintech, and Enterprise Software sectors along with the formal launch of Technology Leveraged Finance and Equity Capital Markets capabilities. The new hires include experts in Leveraged Finance & Debt Capital Markets with Spencer Alstodt; Internet, eCommerce and Consumer Software with Matt Lytle; Fintech with Henry Pinnell; Software with Raymond Wu; and Equity Capital Markets with Matthew Walsh and Jesse Chasse.
  • ZRG Partners Acquires Brimstone Consulting Group
    December 7, 2021
    ZRG Partners, a rapidly growing global talent advisory firm, today announced their acquisition of Brimstone Consulting Group, LLC. a boutique strategy consulting firm. Based out of Camden, ME, Brimstone Consulting is a specialist consulting firm who partners with their clients in building a strategy blueprint for rapid CEO success after leadership transitions.
  • Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in November
    December 7, 2021
    Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in November. The first, is a $2,000,000 limit to a private equity owned specialty merchandising company who needed additional support for sourcing product offshore. The second, a $500,000 limit is for a precision welder and fabricator of exotic metals, which was referred to Tradecycle by their senior lender.
  • Eclipse Business Capital Provides $45 Million Revolving Credit Facility
    December 6, 2021
    Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced today that it has provided a $45 million senior secured revolving credit facility to a coal mining company based in the U.S. and Canada.
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