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VAH Announces Closing of $500 Million Warehouse Facility
Voyager Aviation Holdings, LLC (“VAH”), a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million (“the Facility”).
Citibank, N.A. (“Citi”) acted as Global Coordinator and Co-Structuring Agent alongside Credit Suisse Securities (USA) LLC (“Credit Suisse”) as Co-Structuring Agent. Citi and Credit Suisse both acted as Joint Lead Arrangers on the Facility. The initial syndicate of lenders also includes Deutsche Bank and Morgan Stanley.
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Harbor Opens Shop in Mexico, Expanding Trade Finance Offering
February 10, 2022Harbor, a U.S. based fintech company that is reinventing international trade finance, recently announced an expansion of its operations to Mexico. Harbor Mexico is being launched in conjunction with KC2, a Kampala Capital Company based in Monterrey. Harbor provides its network partners with a tech-powered platform to offer trade finance products in their respective markets.
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Rosenthal Provides $11.5 Million Inventory Production Finance Facility For Florida-Based Apparel Company
February 9, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $11.5 million purchase order finance facility to support the production financing requirements of a Florida-based branded apparel company.
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LSQ Provides $30 Million Facility, AR and Credit Management Program for California Staffing/Technology Firm
February 9, 2022LSQ, a leading provider of working capital financing and payments solutions, recently originated a $30 million credit facility for a security staffing and high-tech security technology company that serves clients across the United States.
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SLR Business Credit Funds PowerSpike
February 9, 2022SLR Business Credit announced it provided a $1 million accounts receivable credit facility to PowerSpike, Inc. The funds were used to provide additional working capital for the company.
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A&G Shares ‘Distressed M&A Deal of the Year’ Award for its Role in Paper Source’s Successful Chapter 11 Turnaround and Sale
February 9, 2022A&G Real Estate Partners’ portfolio optimization of gift and stationery retailer Paper Source earned it a share of the “Distressed M&A Deal of the Year-Middle Markets” award at Global M&A Network’s 13th Annual Turnaround Atlas Awards Ceremony. The awards committee also recognized SSG Capital Advisors, investment banker on the Paper Source deal, and Carl Marks Advisors, financial advisor to the secured lender.
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Quorum Announces Restructuring of Credit Facility with BDC Capital
February 9, 2022Quorum Information Technologies Inc. (QIS:TSXV) (“Quorum” or the “Company”), a SaaS software and services company that provides essential software that vehicle dealerships rely on for operations throughout North America, today announced a highly favourable restructuring of its credit with BDC Capital Inc. (“BDC Capital”).
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GBank Financial Holdings Inc. Announces New SVP/National Sales Manager, George D. Andreaus
February 9, 2022GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for Bank of George (the "Bank"), today announced the addition of their new Senior Vice President/National Sales Manager for Bank of George, George D. Andreaus.
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IDB Bank Supports the Continued Growth of The 5 Star Apparel LLC Group with a $125 Million Credit Facility
February 9, 20225 Star Apparel, which styles and manufactures many of the best-known names in fashion, announced a new $125 million credit facility to support its existing operations and continued expansion. IDB Bank was the lead agent and one of three banks financing the credit facility.
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Tiger Group Online Auction Features Wide Variety of Gear from Pacific Theatres
February 9, 2022Tiger Group is liquidating equipment from well-known movie chain Pacific Theatres, which operated theaters across the United States before filing for Chapter 7 bankruptcy in the wake of Covid-19 lockdowns. Bidding in the timed, online auction opens on Tuesday, February 15, at 10:30 a.m. and closes on Tuesday, February 22, at 10:30 a.m. (PT).
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Wingspire Capital Provides a Senior Secured Credit Facility To Avair, Llc
February 8, 2022Wingspire Capital LLC (“Wingspire”) provided a senior secured credit facility to AvAir, LLC, (“AvAir”) a global supplier of aftermarket parts for commercial passenger and cargo aircraft. Since its inception in 2000, Arizona-based AvAir has developed a reputation as a nimble, knowledgeable and trusted provider of a broad variety of aircraft parts and components. The company used the proceeds to refinance an existing bank facility and for ongoing working capital needs.
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King Trade Capital Provides $3 Million Purchase Order Finance Facility
February 8, 2022KTC King Trade Capital (“KTC”) is pleased to announce the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company. The company contacted King Trade Capital after being introduced to them by their bank a few years ago. Over the past two years, the company expanded into other industries such as medical supplies and needed additional capital to support the growth of the company’s core business, housewares, and party supplies.
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Northpoint Commercial Finance Supports the Acquisition of a Leading Specialty Food Processor
February 8, 2022Northpoint Commercial Finance ("Northpoint"), a North American diversified financial services company, provided a $9.5 million senior secured revolving line of credit to support the acquisition of a food processor and distributor (the "Company") by a lower middle-market focused private equity firm.
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Winston & Strawn Represents Vistas Media Acquisition Company Inc.
February 8, 2022Winston & Strawn represented Vistas Media Acquisition Company Inc. (NASDAQ: VMAC, VMACU and VMACW) ("VMAC"), a special purpose acquisition company, in connection with its business combination with Anghami Inc. ("Anghami"), the first legal music streaming platform and digital distribution company in the Arab world.
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Gridiron Capital-Backed Foundation Wellness Acquires Doctor Hoy’s Natural Pain Relief
February 8, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams is pleased to announce that its portfolio company, Foundation Wellness, manufacturer of aftermarket insoles, supplying footwear and foot care products to multiple companies and leading brands, has acquired Doctor Hoy’s Natural Pain Relief (“Doctor Hoy’s” or the “Company”).
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TradeCap Partners Closes $2.4mm Purchase Order Finance Facility for Canadian Footwear Importer
February 8, 2022The Company had recently secured a new license with exclusive distribution rights to the Canadian market. Shortly thereafter they landed a seasonal program with a major wholesaler for distribution in all doors throughout Canada. Despite their existing line of credit in place with a large Canadian bank, the size of the program required additional capital to support production with the licensors overseas supplier
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Runway Growth Capital Announces a Senior Secured Term Loan of $75 Million to VertexOne
February 8, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $75 million to VertexOne, a recognized leader in SaaS platforms for critical business processes of utilities across North America.
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SGH Announces Refinancing Transactions
February 8, 2022SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ: SGH) today announced that it has completed refinancing transactions via a $275 million Term Loan A Facility and a $250 million undrawn Revolving Credit Facility (collectively, the “Credit Facilities”).
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Jake Fisher Joins NXT Capital as Managing Director in the Investor Solutions Team
February 8, 2022In this role, Mr. Fisher is responsible for capital development and managing relationships with institutional investors across the globe. His role will also include product development, investor marketing, due diligence, onboarding, and ongoing customer service.
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White Oak Announces Banner Year of Originations Volume
February 8, 2022White Oak Global Advisors, LLC, (“WOGA”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively, “White Oak”), originated $2.1 billion of loan transactions across 133 companies in 2021.
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FTI Consulting Appoints Investment Banking Expert Jason Ho as Senior Managing Director in Hong Kong
February 8, 2022FTI Consulting, Inc. (NYSE: FCN) today announced the addition of Jason Ho as a Senior Managing Director and Asia Leader of the Capital Solutions offering within the firm’s Corporate Finance & Restructuring segment, based in Hong Kong. FTI Consulting’s Capital Solutions team in Asia assists and provides solutions to corporates to enable opportunities such as acquisitions, refinancings and dividend recapitalisations.
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