- Phoenix Service Partners Upsizes Credit Facility to Fund Continued Growth
- Wingspire Capital Provides $30 Million to a Crane Rental
- SFNet Market Pulse
- Ansley Park Capital Strengthens Capital Markets Team with Senior Leadership Appointments
- Convene Hospitality Group Secures $230 Million Of Strategic Growth Capital
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Otterbourg P.C. announced today that Jennifer Feeney and Pauline McTernan have been promoted to Members of the firm. A member of Otterbourg’s Bankruptcy Department, Ms. Feeney represents debtors, creditors’ committees, post-confirmation committees and litigation/liquidation trusts in large and complex bankruptcy cases.
Ms. Feeney is a member of the American Bankruptcy Institute and the New York Bar Association. She received her B.A. from Cornell University in 1994 and her J.D. from Fordham Law School in 1997.
A member of Otterbourg’s Litigation Group and co-chair of the firm’s Recruiting Committee, Ms. McTernan represents corporations, governmental agencies, financial institutions, and individuals in a wide range of litigation, arbitration, and bankruptcy matters.
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BOK Financial CEO Steve Bradshaw to Retire at End of 2021
December 2, 2021BOK Financial CEO and President Steven G. Bradshaw will retire as of Dec. 31, 2021. Chief Operating Officer Stacy Kymes, who was previously announced as the incoming president and CEO, will assume the company’s leadership role as of Jan. 1, 2022.
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Alvarez & Marsal Enhances its Digital and Technology Services Practice Capabilities
December 2, 2021Leading global professional services firm Alvarez & Marsal (A&M) has appointed Devang Shah as Senior Director in the Digital and Technology Services practice within its Corporate Performance Improvement (CPI) group. Mr. Shah’s hire advances A&M’s digital and technology bench strength for helping clients maximize value amidst post-pandemic and constrained labor market challenges.
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SLR Investment Corp. and SLR Senior Investment Corp. Announce Entry into Merger Agreement
December 2, 2021SLR Investment Corp. (NASDAQ: SLRC) (“SLRC”) and SLR Senior Investment Corp. (NASDAQ: SUNS) (“SUNS”) today announced that they have entered into an agreement to merge together, with SLRC as the surviving company, subject to stockholder approval and customary closing conditions. The Boards of Directors of both SLRC and SUNS, on the recommendation of their special committees consisting only of the independent directors, have unanimously approved the transaction.
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Diamond Estates Wines & Spirits Announces New BMO Credit Facility
December 2, 2021Diamond Estates Wines & Spirits Inc. today announces it has entered into a Second Amended and Restated Credit Agreement (“SARCA”) with Bank of Montreal (“BMO”). The SARCA folds in the previous BMO facility of the Equity Wine Group and its subsidiaries (collectively “EWG”) with the Company’s existing BMO credit facility.
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Bridge Bank Provides Strategic Funding to ShipHawk
December 2, 2021Bridge Bank today announced its Technology Banking Group has provided strategic funding to ShipHawk, which provides advanced fulfillment software with expert guidance for high-volume retail, wholesale and e-commerce companies. The funding commitment includes venture debt and a recurring revenue line of credit. ShipHawk plans to use the funding to continue development of its packing and shipping platform as well as new product innovations as demand grows for shipping services.
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Capstone Capital Group Releases White Paper: Infrastructure Investment & Jobs Act - Contract Opportunities and Funding Analysis
December 2, 2021Capstone announced it has created a white paper to assist its clients and associates to benefit from the types of projects that have been authorized by the Infrastructure and Jobs Act (IIJA) which was signed by President Biden on November 15, 2021.
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Great Rock Capital Upsizes Mersino Management Credit Facility to $50 Million
December 2, 2021Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced that it has expanded its senior secured credit facility for Mersino Management, providing an additional $10.0 million of borrowing capacity. Mersino is a leading provider of pumping and dewatering services.
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Amerisource Closes $1,000,000 Credit Facility for Environmental Services Firm
December 2, 2021Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for an Oklahoma-based environmental compliance firm serving diverse industries such as agriculture, oil and gas, mining and municipalities. Following an increase in demand, the proceeds were used to support the company’s growth.
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RSM US Middle Market Business Index: Middle Market Grapples with Supply Chain; Overall Conditions Remain Solid
December 2, 2021Snarled supply chains and the spread of the delta variant combined to reduce the RSM US Middle Market Business Index to 129.7 in the final quarter of the year from a peak of 143.7 previously. An easing was to be anticipated, though, and the current reading is in line with the pre-pandemic score of 126.2 in the final quarter of 2019.
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TradeCap Partners Announces Closing of a $15 Million Purchase Order Funding
December 2, 2021TradeCap Partners (“TradeCap) announced the recent closing of a $15 million Purchase Order Funding facility for an importer of oil country tubular goods selling to large end users and distributors throughout the United States. The client was referred to TradeCap by its existing bank when the size of their capital needs exceeded the banks internal lending limits.
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Winston & Strawn LLP Represents Citigroup Global Markets Inc.
December 2, 2021Winston & Strawn LLP represented Citigroup Global Markets Inc., in connection with its role as buy side advisor to ArcLight Clean Transition Corp. II (Nasdaq: ACTD), a publicly-traded special purpose acquisition company, in connection with a business combination with OPAL Fuels LLC, a leading vertically integrated producer and distributor of renewable natural gas (RNG) with a diversified revenue and customer base in 42 states.
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Thinking Ahead Can Help Retailers Cope with Today’s ‘Permitting Nightmare,’ Advises A&G Executive
December 2, 2021Building and opening stores is taking longer than ever due to permitting backlogs at many municipalities, but retailers can expedite store buildouts through some careful planning, writes Jon Graub, a Principal at A&G Real Estate Partners, in a Nov. 29 “Expert Viewpoints” column for Chain Store Age Online.
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Monroe Capital Supports CMI Group’s Acquisition of Systems 3
December 2, 2021Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of System 3 by CMI Group (“CMI”). CMI is an existing portfolio company of Gallant Capital Partners. Founded in 1972 and headquartered in Phoenix, AZ, CMI is a leading manufacturer of critical components for engines, APUs, fuel and fluid systems, gears, hydraulics, and valves for the majority of commercial, military and business jet platforms serving the aerospace and defense industry.
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Orbit Garant Drilling Extends Credit Facility and Renews Four Large Drilling Contracts in Quebec
December 1, 2021Orbit Garant Drilling Inc. (TSX: OGD) ("Orbit Garant" or the "Company") today announced that it has reached an agreement with National Bank of Canada on certain amendments to its amended and restated credit agreement dated March 8, 2021 (the "Credit Facility").
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Golub Capital Acts As Administrative Agent And Joint Lead Arranger On $1 Billion Multi-Currency Financing To Support The Merger Of 2020 Technologies And Compusoft
December 1, 2021Golub Capital acted as Administrative Agent and Joint Lead Arranger on a $1 billion GOLD facility to finance the merger of 2020 Technologies (“2020”) and Compusoft by Genstar Capital and TA Associates. GOLD financings are Golub Capital One-Loan Debt facilities. The GOLD facility was funded using a combination of U.S. dollars, Canadian dollars, British pounds sterling and eurodollars.
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CIBC Innovation Banking Provides $35 Million Debt Facility to Intradiem to Accelerate Growth
December 1, 2021CIBC Innovation Banking is pleased to announce a debt facility of $35 million for Atlanta-based Intradiem, a leading provider of automation technology solutions for customer service teams. Intradiem will use the capital to expand its market growth and accelerate the launch of strategic products to deliver on its next generation platform and machine learning initiatives.
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Sycamore Tree Capital Partners Closes Inaugural CLO Totaling $403.3 Million
December 1, 2021Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of the firm’s inaugural Collateralized Loan Obligation (“CLO”), Sycamore Tree CLO 2021-1, Ltd. (“STCP CLO 1”). STCP CLO 1 totals $403.3 million, with Citibank Securities, NA serving as the underwriter and Dechert LLP acting as legal counsel to Sycamore Tree.
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Cambridge Savings Bank Offers Innovative Lending Solutions to Support LAB Medical’s Out-of-Market Expansion
December 1, 2021Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Commercial Lending team offered a lending solution to support the growth of LAB Medical Manufacturing with acquisition financing for a new manufacturing facility in South Carolina. Headquartered in Billerica, Massachusetts, LAB Medical is a device manufacturer that produces precision surgical equipment for multibillion dollar organizations.
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Danelle Larsen Joins FTI Consulting’s Office of the CFO Solutions Practice
December 1, 2021FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Danelle Larsen as a Managing Director in the Office of the CFO Solutions practice within the firm’s Corporate Finance & Restructuring segment. Based in Los Angeles, Ms. Larsen is an interim leader with more than 20 years of strategic, financial, operational and restructuring experience across a range of transactions involving finance, treasury and accounting teams.
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Haversine Bolsters Expertise with Senior Hire
December 1, 2021Haversine Funding, a leading provider of lender financing solutions for the specialty finance space, today announced the hiring of Edward (“Eddie”) Mun, CPA to serve as controller. Haversine continues its rapid expansion and this newest addition reflects the company’s commitment to our investors and the specialty financing marketplace by developing, deploying and managing customized financing options for lenders.
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