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  • SG Credit Provides $1.5 Million Growth Capital Facility to Channel Partner Management SaaS Platform
    October 26, 2021
    SG Credit announced it provided a $1.5 million growth capital facility to a leader in channel management automation for enterprises selling through channel partners. The Company was seeking capital for product development, to expand its team, and to execute on growth opportunities in its pipeline.
  • HV Bancorp, Inc. Appoints Robert J. “Bob” Marino President
    October 26, 2021
    HV Bancorp, Inc., the parent company of Huntingdon Valley Bank, announced that Vice-Chairman Robert J. ‘Bob’ Marino has been appointed President of HV Bancorp, Inc., and its subsidiary, Huntingdon Valley Bank (HVB). Mr. Marino will join an executive team of accomplished bankers and help guide the next phase of Huntingdon Valley Bank’s explosive growth. HVB continues its work toward being the premiere community bank in the greater Philadelphia area.
  • Winston & Strawn Represents Chart Industries, Inc.
    October 26, 2021
    Winston & Strawn represented Chart Industries, Inc. (the “Company”), as a Borrower, in connection with a $1,000,000,000 revolving credit facility with JPMorgan Chase Bank, N.A., to refinance its existing revolving credit facility and repay its existing term loan.
  • Exagen Inc. Announces $27.2 Million Debt Refinancing
    October 26, 2021
    Exagen Inc. (Nasdaq: XGN), a leading provider of autoimmune testing solutions, announced today that it entered into an amendment to its loan and security agreement with its primary lender, an affiliate of Innovatus Capital Partners, LLC (“Innovatus”). The amended agreement provides a $27.2 million, 5-year term loan at 8.0% interest, of which 2.0% is paid in-kind in the form of additional term loans.
  • Pathlight Capital Provides $100 Million Last-out Investment to S.P. Richards Company
    October 26, 2021
    Pathlight Capital LP and S.P. Richards Company ("S.P. Richards" or the "Company") have completed a $100 million Last-out transaction (the "Last-out") as part of a Wells Fargo led $275 million Senior Secured Revolving Credit Facility (the "Facility"). S.P. Richards is a leading national business products wholesaler that distributes furniture, technology, facility breakroom, and other office products.
  • Monroe Capital Supports The CM Group’s Acquisition of decile.ten communications
    October 26, 2021
    Monroe 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 decile.ten communications (“d10”) by The CM Group, LLC, an existing portfolio company of NaviMed Capital.
  • Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
    October 26, 2021
    The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for September was $9.2 billion, up 6 percent year-over-year from new business volume in September 2020. Volume was up 8 percent month-to-month from $9.9 billion in August. Year-to-date, cumulative new business volume was up 10 percent compared to 2020.
  • CohnReznick Named Best Accounting Firm in Private Equity Wire US Awards
    October 26, 2021
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has been recognized by Private Equity Wire as Best Accounting Firm in the publication’s 2021 US Awards program. Award winners were announced during an awards ceremony and networking event held at The University Club in Manhattan.
  • Amerisource Closes $3,000,000 Credit Facility for Manufacturing Firm
    October 26, 2021
    Amerisource Business Capital announced the closing and funding of a $3,000,000 senior credit facility for a Florida based clothing apparel manufacturer. The proceeds were used to support ongoing working capital needs.
  • Faze Clan, A Leading Gaming, Lifestyle and Media Platform, To Become A Publicly Listed Company Through Merger With B. Riley Principal 150 Merger Corp. (Nasdaq: Brpm)
    October 26, 2021
    FaZe Clan Inc. ("FaZe Clan" or the "Company") today announced it has entered into a definitive merger agreement (the "Merger Agreement") to combine with B. Riley Principal 150 Merger Corp. (NASDAQ: BRPM) ("BRPM"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley Financial"). The proposed business combination transaction (the "Business Combination") implies an equity value of approximately $1 billion for the combined company inclusive of nearly $275 million of cash (assuming no redemptions).
  • Gateway Casinos & Entertainment Limited Completes Refinancing of Corporate Debt in $1.25 Billion Transaction
    October 25, 2021
    Gateway Casinos & Entertainment Limited (“Gateway” or “the Company”) today announced that it has closed a US$1.25 billion Senior Secured Term Loan B issuance to refinance its capital structure and fund cash to the balance sheet. Funds managed by affiliates of Fortress Investment Group LLC ("Fortress") were lead investors in the transaction. Morgan Stanley Senior Funding, Inc. served as Sole Lead Bookrunner. Fortress Credit Corp. and Morgan Stanley Senior Funding, Inc. served as Joint Lead Arrangers.
  • Cambridge Savings Bank Fuels Growth for Noreast Outdoorz with Revolving Line of Credit
    October 25, 2021
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach, announced that its Asset-Based Lending team provided a revolving line of credit to Noreast Outdoorz, LLC, an outdoor sporting and recreational equipment supplier based in Pocasset, Massachusetts. With a strong presence in the Northeast, Noreast Outdoorz is solely focused on designing high-quality products for outdoor activities.
  • Levitee Labs Enters into Credit Facility For Up To $12 Million
    October 25, 2021
    Levitee Labs Inc. (CSE: LVT) (OTCMKTS: LVTTF) (FSE: 7H7) (the "Company" or "Levitee”), an integrative wellness company with a diversified portfolio of healthcare and wellness assets, is pleased to report that it has entered into a financing agreement for up to $12 million for further business expansion. The secured loan facility (the “Loan”) was arranged by RiverFort Global Capital Ltd. (a UK firm) and the Loan is from RiverFort Global Opportunities PCC Ltd. (“RiverFort” or the "Lender").
  • Audax Private Debt Provides Financing to Support LLR Partners’ Acquisition of Genesee Scientific
    October 25, 2021
    Audax Private Debt announced that, as Joint Lead Arranger and Bookrunner, it provided a unitranche credit facility to support the acquisition of Genesee Scientific (“Genesee” or the “Company”) by LLR Partners, a Philadelphia-based private equity firm focused on investing in middle-market technology, healthcare, and services businesses.
  • Stride Funding Secures First of its kind $30 Million Facility With Silicon Valley Bank to Support SV Academy's Upskilling Programs for Underrepresented Learners
    October 25, 2021
    Stride Funding Inc. secured $30 million of low-cost education financing from Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, to fund the high-growth asset class of outcomes-driven funding products. The warehouse credit facility will be used to fund upskilling programs for graduates of SV Academy, the premier skills and employment platform for jobseekers transitioning into technology sales and customer success careers.
  • Stonebriar Commercial Finance Closes a $180 Million Loan
    October 25, 2021
    Stonebriar Commercial Finance (“Stonebriar” or “the Company”) today announced the closing of a $180 million senior secured term loan with a premier low-cost producer of quality sand to the Permian Basin. This facility represents Stonebriar’s fifth closed transaction with the borrower and its affiliates. The loan proceeds were used to refinance existing indebtedness and for general corporate purposes.
  • Hilco Redevelopment Partners Unveils The Bellwether District
    October 25, 2021
    Hilco Redevelopment Partners (HRP), an operating company within Hilco Global, has announced a new brand and identity for the former PES refinery in South Philadelphia. The 1,300-acre South Philadelphia property will now be called The Bellwether District thebellwetherdistrict.com. The Bellwether District will become an economic engine for the city of Philadelphia, driving change and inclusive growth by bringing thousands of jobs through future tenants in life sciences, e-commerce, and logistics.
  • Accel Entertainment Announces Closing of $900 Million Senior Secured Credit Facility
    October 25, 2021
    Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”), a leading distributed gaming operator in the U.S., today announced that it has amended its existing senior secured credit facility (“Amended Credit Facility”) to increase its borrowing capacity from $438 million to $900 million with a new five year term. The Amended Credit Facility consists of a $150 million Revolving Credit Facility, a $350 million Term Loan A and a $400 million Delayed Draw Term Loan.
  • Huntington Business Credit Closes $10 Million Credit Facility with Mid America Freight Logistics, LLC
    October 25, 2021
    Huntington Business Credit announced it closed a new $10,000,000 credit facility with Mid America Freight Logistics, LLC on October 1, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.
  • Washington Prime Group Announces Successful Completion of Financial Restructuring
    October 25, 2021
    During the Chapter 11 process, Kirkland & Ellis LLP served as legal counsel to the Company, and Alvarez & Marsal North America, LLC served as restructuring advisor. Guggenheim Securities, LLC served as the Company’s investment banker. Davis Polk & Wardwell LLP served as legal counsel and Evercore Group L.L.C. served as investment banker and financial advisor to SVPGlobal. Wachtell, Lipton, Rosen & Katz served as legal counsel and PJT Partners LP served as investment banker for an ad hoc group of consenting creditors.
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