Winston & Strawn represented Broadstone Acquisition Corp. (“Broadstone”) (NYSE: BSN), a special purpose acquisition company, in connection with its business combination with Vertical Aerospace Ltd. (NYSE: EVTL) (“Vertical” or the “Company”), a leading UK-headquartered engineering and aeronautical business developing electric vertical take-off and landing aircraft.

Winston & Strawn represented Arbor Investments (“Arbor”), a specialized private equity firm that focuses exclusively on investing in food, beverage, and related industries, in its acquisition of Oregon Freeze Dry (“OFD” or the “Company”) from Endeavour Capital. OFD is North America’s largest and most technologically advanced freeze-dryer of food, probiotics, enzymes, proteins, specialty ingredients, and lyophilized pharmaceutical inputs.

Thank you to David Morse of Otterbourg P.C. for supplying the below information on the “Stop Wall Street Looting Act of 2021”. SFNet’s advocacy team is working with our Federal resources to monitor and advise as this develops.

Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis ‎cultivation and retail facilities in the U.S., today announced it has secured a $150 million credit facility (the “Credit Facility”) with AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) and Viridescent Realty Trust, Inc. (“Viridescent”).

Winston & Strawn LLP represented Protocol First, a software solutions provider focused on accelerating clinical research, in its sale to Flatiron Health, a healthtech company dedicated to helping cancer centers thrive and deliver better care for patients.

EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in on-demand mobile fueling, announced today that it has entered into a revolving credit line agreement with City National Bank of Florida (the “Bank”). Under the revolving credit facility, the Company may borrow up to approximately $16 million, a number that will vary over time. Funds can be used for general corporate purposes.

INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has closed an early renewal and expansion of its revolving credit facility with a syndicate of major Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo.

NOW Inc. (NYSE:DNOW) announced today that it has entered into an amendment (the “First Amendment”) to the existing senior secured credit facility with a syndicate of lenders, with Wells Fargo Bank, National Association serving as the administrative agent (as amended, the “Credit Agreement”).

Marathon Asset Management (“Marathon”) today announced the closing of a $155 million credit facility for Brown Jordan Inc. (“Brown Jordan” or the “Company”), a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S.

Russel Metals Inc. (TSX: RUS) announces that it has extended its $450 million credit facility with a syndicate of banks led by RBC Capital Markets. The credit facility has been extended from September 21, 2023 to September 21, 2025. In addition to the extension, the amended credit agreement includes a more favourable interest rate grid.

HSBC Bank USA, N.A. is acting as administrative agent and collateral agent. HSBC Bank, N.A. along with, Barclays Bank PLC, Santander Bank, N.A., and Citibank, N.A. served as joint lead arranger and joint bookrunner on the Facility with Silicon Valley Bank as an additional lender. Morrison & Foerster LLP acted as counsel to Veeco.

Restructuring will be implemented through a pre-arranged Chapter 11 process in U.S. Bankruptcy Court. Provides for the injection of $537 million of capital through a $337 million equity rights offering and a $200 million new revolving facility. Company has obtained an additional $170 million debtor in possession financing facility from existing creditors to help fund the Chapter 11 process.

JCPenney announced today that it paid off its $506 million take-back term loan on Dec. 1, 2021. The Company used its strong existing liquidity position to reduce its debt and save interest as the business continues its transformation.

Bank of America has named Rita Sola Cook as President of Bank of America Chicago. Cook succeeds Paul Lambert, who announced his retirement after 30 years with the company. As Chicago president, Cook will be responsible for connecting the banking and investment resources offered through the bank's eight lines of business to people and companies across Chicagoland.

Winston & Strawn is representing Founder SPAC (“Founder”) (Nasdaq: FOUN), a publicly-traded special purpose acquisition company, in connection with its merger with Rubicon Technologies, LLC (“Rubicon”), a certified B-Corporation and innovative software platform that provides smart waste and recycling solutions for businesses and governments worldwide.

SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to an integrated pain management provider in December 2021.

Cohn & Dussi, a full-service law firm with its principal office in Boston, is pleased to announce that Managing Partner Lewis J. Cohn has been named a Top Lawyer by Boston magazine. Boston magazine’s inaugural Top Lawyers List recognizes lawyers throughout Greater Boston for excellence in the field as chosen by their peers. Cohn was chosen as a Top Lawyer in the field of bankruptcy law.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community located in Chandler, Arizona. The financing was provided to Spectrum Retirement Communities LLC, a leading developer, owner and operator of senior housing communities headquartered in Denver, Colorado.

BHI, a full-service commercial bank, announced that it has appointed Brian Foley as First Vice President in the bank’s Food & Beverage Group. Foley is a veteran banker with 20 years of commercial banking experience across diversified sectors.