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  • TILT Holdings Enters Into New $10 Million Revolving Credit Facility
    July 23, 2021
    TILT Holdings Inc. (“TILT" or the “Company”) (CSE: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced today that its subsidiary, Jupiter Research, LLC ("Jupiter"), has entered into a new two-year, $10 million asset-based revolving credit facility with Entrepreneur Growth Capital, LLC.
  • Hedaya Capital Issues $3,600,000 Letter of Credit for White Refined Cane Sugar transaction
    July 23, 2021
    Hedaya Capital is pleased to announce the issuance of a $3,600,000 Letter of Credit for 12,500 Metric Tons (MT) of White Refined Cane Sugar. The sugar is being produced and exported from Brazil. The transaction was arranged by an India based trading and logistics company and was introduced to Hedaya Capital by a financial consultant.
  • CIT Provides $14.3 Million Financing to Depot Properties LLC
    July 23, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC. Depot Properties is the owner and operator of a large truck servicing terminal in Laredo, Texas, primarily occupied by TruckMovers.com, one of the nation’s leading truck shipping contract carriers.
  • Aligned Exceeds Core ESG Objectives and Increases Sustainability-Linked Credit Facility to $1.25 Billion
    July 23, 2021
    Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announces it has increased its senior secured credit facility, the first-ever U.S. data center sustainability-linked financing, by $250 million to $1.25 billion. TD Securities (USA) LLC, Goldman Sachs Bank USA, Deutsche Bank AG, New York Branch, Wells Fargo Securities, LLC, Citizens Bank, N.A., and Nomura Securities International, Inc. acted as joint bookrunners and joint lead arrangers for the facility, which is one of the largest private debt raises in data center history.
  • Wolters Kluwer Launches Bankruptcy Essentials
    July 23, 2021
    Wolters Kluwer Legal & Regulatory U.S. today announced the launch of Bankruptcy Essentials, a digital research and analysis solution that streamlines the process of managing bankruptcy litigation and restructuring transactions. Developed and curated by industry-leading practitioners, the solution integrates expert content with intuitive topical navigation to provide lawyers and law librarians at all levels of experience with a 360-degree view of key bankruptcy issues.
  • Amerisource Closes $12,000,000 Senior Credit Facility for Oilfield Services Firm For Domestic and International Growth
    July 23, 2021
    Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a Texas-based provider of well integrity solutions to the oil & gas industry. The working capital was used to support the company’s global expansion plans.
  • Hunter Hill Named Chief Digital Transformation Officer
    July 23, 2021
    Hill joined legacy IBERIABANK in 2009 to grow the bank’s commercial client base in Birmingham, Alabama. In 2014, he became New Orleans Market President. In his new role as Chief Digital Transformation Officer, he will be responsible for creating and driving enterprise digital vision, strategy and thought leadership across all lines of business (Retail, Private Client, Business Banking, Commercial and Specialty LOBs). The role will also include direct ownership of consumer digital (excluding VirtualBank), treasury management and payments, including strategy, sales, on-boarding and servicing. Hill will also serve on the Company’s Operating Committee and Technology Advisory Board.
  • KKR Releases 2021 Mid-Year Macro Outlook Report
    July 23, 2021
    KKR today announced the release of its 2021 mid-year outlook piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation. In his latest Insights piece, McVey delves into a key question on investors’ minds: Will the post-pandemic economy be the same as it ever was?
  • Ona Capital Advisors Closes $4 Million SBA Loan for Climbzone
    July 23, 2021
    Ona Capital Advisors (“Ona”), a licensed, lender-approved capital advisory and operational consulting firm that supports privately held businesses, arranged a $4million SBA loan for ClimbZone, a unique family entertainment center concept, featuring artistically themed climbing walls and other attractions. The funds are being used toward tenant improvements, attractions, FF&E, and permanent working capital.
  • WorthPoint Secures $12 Million Credit Facility from Espresso Capital
    July 21, 2021
    Espresso Capital and WorthPoint Corporation have announced today that Espresso has provided WorthPoint, the most comprehensive online resource for researching, valuing, buying and selling antiques, art and vintage collectibles, with a $12 million credit facility. WorthPoint empowers the antiques and collectibles industry by providing a steady stream of new data and quality information to improve pricing transparency between buyers and sellers. The company will use the new funds to help further grow the business by investing in a number of marketing and product development initiatives.
  • Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $81.5 Million in Commercial Financing to 82 Businesses in the Second Half of June
    July 21, 2021
    Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $18,746,500 in ABL/factoring financial solutions for 17 new clients; Crestmark Equipment Finance provided $20,200,221 in 13 new transactions; Crestmark Vendor Finance provided $3,641,406 in 42 new transactions; the Government Guaranteed Lending group provided $28,666,000 in financing for six new clients; and the Joint Ventures group provided $10,256,840 in four new transactions in the second half of June.
  • Capstar Ventures Announces Close of Inaugural Fund at $41 Million
    July 21, 2021
    Capstar Ventures L.P., an early-stage venture capital firm, announced today the close of its inaugural Fund I with $41.3 million of capital commitments. Founded by Kathryn Cavanaugh in 2019, Capstar Ventures invests nationwide in innovative consumer companies. The $41.3 million was raised from an experienced group of individuals, family offices, and institutions including Capital Creek Partners, Tiger Partners L.P., and J.P. Morgan. Capstar Ventures is the first fund to close as part of J.P. Morgan Asset Management’s Project Spark
  • Winston & Strawn Adds Restructuring Partner Tim Walsh To New York Office
    July 21, 2021
    Winston & Strawn LLP is pleased to announce the addition of Tim Walsh as Global Chair of the Restructuring and Insolvency Practice resident in the firm's New York office. Tim brings over 30 years of experience advising U.S. and international clients on all aspects of restructuring transactions. He regularly represents debtors in possession, creditors' committees, trustees, secured and unsecured creditors, bondholders, boards of directors, insurance companies, domestic and foreign lenders, and corporate clients in a broad range of bankruptcy matters.
  • Comvest Credit Partners Announces Investment in Above Lending, Inc.
    July 21, 2021
    Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $50.0 million Senior Secured Credit Facility (the “Financing”) to Above Lending, Inc. (“Above Lending”), a consumer lending company. The financing will be used to fund the origination and acquisition of consumer loans.
  • Appointment of Chris Marschall as Head of Financial Institutions Group for Crédit Agricole CIB Canada
    July 21, 2021
    Chris has close to 25 years of investment banking and structured finance experience in several European countries and Asia. He started his career with ABN AMRO in leveraged finance and asset securitization before moving into equity capital markets (ECM). He has managed teams in ECM at an ECM joint venture with Rothschild and also at The Royal Bank of Scotland, with whom he relocated to cover Asia. In 2012, he joined the Asian investment bank CIMB as Head of ECM and Equity Syndicate, North Asia and he led a team focused on originating, structuring and selling ECM deals in North Asia, based in Hong Kong.
  • Maxim Commercial Capital Reports Strong Results for 2Q 2021
    July 21, 2021
    Maxim Commercial Capital (“Maxim”) continued to fuel the economic recovery during the second quarter of 2021 by fulfilling strong demand for its Cash Out Financing, Heavy Equipment Purchase Financing, Real Estate Secured Working Capital and Truck Financing programs. Maxim funded deals in 32 states for borrowers ranging from start-up truck owner-operators with challenged credit to established technology companies with high net worth shareholders.
  • CohnReznick Wins Two Global M&A Network 2021 Turnaround Atlas Awards
    July 21, 2021
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that its Restructuring & Dispute Resolution practice was honored twice in the 2021 Turnaround Atlas Awards presented by Global M&A Network in a virtual awards ceremony.
  • Sterling National Bank Provides Recourse Factoring Facility to CTL Medical
    July 21, 2021
    Sterling National Bank's Commercial Services Group provided a recourse factoring facility to CTL Medical Corporation. The credit facilities will be used to pay off current debt and provide working capital. Headquartered in Addison, TX, CTL Medical is a medical device company that designs, develops, and manufactures spinal implants and instruments.
  • First Business Bank’s Asset-Based Lending Group Closes $13 Million Credit Facility
    July 20, 2021
    Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $13 million revolving line of credit facility and real estate term loan for a plastic injection products manufacturer in Wisconsin.
  • Tech Capital, LLC Partners With Multiplier Capital on $30 Million Term Loan
    July 20, 2021
    Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, announced today that it is participating in a $30 million term loan originated and led by Multiplier Capital. This loan will serve the growth capital needs of one of Multiplier Capital’s portfolio companies – a venture-backed, growth stage, e-commerce company. Tech Capital’s participation will total $8 million.
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