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  • Tradecycle Capital Delivers Five New Accounts Payable Finance Facilities in August
    September 9, 2021
    They included a $1,000,000 limit to a family office-backed supplier of component parts to the recreational vehicle industry; a $3,000,000 limit to a privately-owned importer and distributor of bulk sheet and coiled metals, a $1,000,000 limit to a major supplier of solar energy solutions;
  • CIT Names Eduard Vernède as Managing Director for Defense and Government Services
    September 8, 2021
    CIT Group Inc. (NYSE: CIT) today announced that Eduard Vernède has joined the company as managing director in CIT's Aerospace, Defense & Government Services business. In his new role, Vernède will largely be focused on CIT's lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment.
  • CanadaBis Announces Closing of New Credit Facility and Amendment to Previously Announced Non-Brokered Private Placement
    September 8, 2021
    CanadaBis Capital Inc. (TSXV: CANB) (the "Corporation" or "CanadaBis") is pleased to announce that, further to its press release on June 2, 2021, the first tranche of funding of $7,210,000 in respect of the previously announced new credit facility (the "New Credit Facility") with Connect First Credit Union Ltd. (the "Lender") was completed on July 23, 2021.
  • New York’s ABC Carpet & Home Prepares To File for Bankruptcy
    September 8, 2021
    New York luxury furniture purveyor ABC Carpet & Home plans to file for bankruptcy protection as soon as Thursday and warned employees of impending layoffs after struggling to keep up with costs amid the Covid-19 pandemic, according to a person with knowledge of the plans.
  • Ropes & Gray's 100-Lawyer Chicago Office Continues to Expand with Arrival of Leading Finance Partner
    September 8, 2021
    Gregory Bauer, a nationally recognized leveraged finance lawyer, joined the firm's finance practice today. Greg is based in Ropes & Gray's 100-lawyer Chicago office – a team known for "talented, sophisticated problem solvers" who "understand what is important to clients," according to Chambers USA in its 2021 guide. The firm continues to expand its leveraged finance practice in the Midwest, complementing a world-class team of private equity and M&A business advisers.
  • Theresa A. Driscoll Named To LI's Top 50 Most Influential Women In Business
    September 8, 2021
    Theresa A. Driscoll, a partner at Moritt Hock & Hamroff, has been named by Long Island Business News as a member of its Top 50 Most Influential Women In Business for 2021. The award recognizes the significant contributions of women professionals to the region’s economy and to the communities in which we do business.
  • Sallyport Provides $1,000,000 Accounts Receivable Finance for a Start Up
    September 8, 2021
    Sallyport is delighted to announce another early September funding - $1,000,000 accounts receivable finance for a startup business manufacturing sustainable, eco-friendly kitchenware. The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth, enabling them to fulfill a number of larger orders that they've recently secured.
  • Genesis Bank Announces Chief Banking Officer and Heads of Commercial Banking, Income Property Banking, SBA and Government Lending, Private and Specialty Banking, and Treasury Management
    September 8, 2021
    Genesis Bank (“Genesis” or the “Bank”), announced today the veteran leaders of each of the Bank’s lines of business, including Commercial Banking, Income Property Banking, Small Business Administration (“SBA”) and Government Lending, Private and Specialty Banking, and Treasury Management.
  • Crayhill Capital Management Closes Second Principal Strategies Fund at $820 Million
    September 8, 2021
    Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, today announced the final close of Crayhill Principal Strategies Fund II ("Principal Strategies II") with approximately $820 million of capital commitments.
  • Houlihan Lokey Further Expands Its Transaction Advisory Services Practice With Technology Sector Leader
    September 8, 2021
    Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Kiran Lulla has joined the firm’s Financial and Valuation Advisory business as a Managing Director in Transaction Advisory Services (TAS). He is based in Dallas and will focus on supporting the firm’s continuing build-out of its technology, media, and telecom (TMT) service capabilities in TAS.
  • D-BOX Announces $1,000,000 Loan under Highly Affected Sectors Credit Availability Program
    September 8, 2021
    D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO), a world leader in haptic and immersive entertainment experiences, announced today the closing of a loan with the National Bank of Canada (“NBC”) in connection with the Highly Affected Sectors Credit Availability Program (“HASCAP”) offered by the Business Development Bank of Canada (“BDC”).
  • Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm
    September 8, 2021
    Amerisource Business Capital announced the closing and funding of a $2,000,000 real estate loan for an Ohio based metal stamping and machining firm. The proceeds were used to re-finance the company’s bank loan that was maturing.
  • SVB Financial Group Expands Financial Platform for the Innovation Economy with Addition of Technology Investment Banking
    September 8, 2021
    SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment banking business, SVB Leerink, will expand and build on SVB's core capabilities. SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital.
  • Citizens Financial Group, Inc. to Acquire JMP Group LLC
    September 8, 2021
    Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) and JMP Group LLC (NYSE: JMP or “JMP”) announced today that they have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare, technology, financial services and real estate sectors. Upon the closing of the transaction, JMP, which was founded in 1999 and is headquartered in San Francisco, will operate as a wholly-owned subsidiary of Citizens.
  • Katten Dallas Office Builds on Highly Regarded M&A Practice With New Partner Dilen Kumar
    September 8, 2021
    Katten announced today that Dilen Kumar has joined the firm as a partner in its award-winning Mergers and Acquisitions/Private Equity practice in its Dallas office, which has seen major growth and success since opening three years ago. Prior to joining Katten, Kumar was a corporate partner at Kirkland and Ellis in the firm's private equity and M&A practice, where he also served as a diversity and pro bono coordinator for the Dallas office and on the firm's Pro Bono Management Committee and Diversity and Inclusion Committee.
  • August 2021 New Bankruptcy Filings Level Flat
    September 8, 2021
    Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its August 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, August was flat with 32,225 new filings across all chapters, down slightly from July 2021 with 32,391. Total commercial filings, across all chapters, was up 1% over July 2021 with 1,724 new cases.
  • TNT Crane & Rigging Completes $504 Million Refinancing, Lowering Cost Of Capital And Increasing Liquidity
    September 8, 2021
    Wells Fargo Bank, N.A. is the Admin Agent and Joint Lead Arranger for the ABL Facility. Regions Bank and Fifth Third Bank are also Joint Lead Arrangers under the ABL Facility. Simpson Thacher & Bartlett LLP was counsel to TNT.
  • Monroe Capital Supports Growth of NationsBenefits
    September 8, 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 refinance of NationsBenefits. Additionally, The Pritzker Organization, Denali Growth Partners, and Monroe Capital provided equity capital to enhance the existing service offerings and support future growth of the Company.
  • BMO Harris Bank Launches BMO Women in Business Credit Program across its Full Footprint
    September 8, 2021
    BMO Harris Bank announced today the launch of the new BMO Women in Business Credit Program – a loan product offered under the Women In Business initiative that began last year as part of BMO's five-year, $5 billion BMO EMpower commitment. The loan program offers women-owned businesses expanded access to affordable business credit, which the National Association of Women Business Owners has identified as a priority to help women-owned businesses grow.
  • SLR Healthcare ABL Provides $3 Million to Skilled Nursing Operator
    September 8, 2021
    SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to a skilled nursing operator.
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