- Market Sizing & Impact Study
- SouthStar Capital Funds $2 Million Invoice Factoring Facility for Growing U.S. Manufacturer
- American Signature’s Retail Boxes Create Expansion Opportunity for Growing Retailers
- Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
- Turtle Hill Capital Provides $25 Million Credit Facility to Haven Energy to Accelerate California Home Solar and Battery Deployment
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CIT Serves as Joint Lead Arranger on $1.16 Billion Financing for PRO Unlimited Inc.
CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as joint lead arranger on a $1.16 billion financing for PRO Unlimited Inc., a leading Integrated Workforce Management (IWM) platform provider.
Serving hundreds of the world’s most recognizable brands, PRO Unlimited offers modern workforce management and a partner ecosystem supported by data, software, intelligence and services to meet organizations’ flexible workforce needs.
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JPMorgan Chase Survey: Business Leaders’ Optimism, Growth Expectations Soar Past Pre-Pandemic Levels
July 19, 2021As much of the country reopens nearly a year and a half since the outbreak of the COVID-19 pandemic in the U.S., midsize business leaders’ optimism about their industries and companies hit record highs, according to JPMorgan Chase’s 2021 Business Leaders Outlook Pulse survey released today.
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Libertas Secures $100 Million Warehouse Facility from Silicon Valley Bank
July 19, 2021Libertas Funding, LLC (Libertas), a technology-enabled specialty finance company that provides funding solutions to small and medium-sized businesses (SMB), today announced that it has entered into a warehouse financing agreement of up to $100 million with Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors.This agreement provides financing to be used for Libertas' origination of revenue-based funding to enable SMBs to achieve their growth objectives.
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TAB Bank Provides Textile Company in California with an $8.5 Million Asset-Based Credit Facility
July 19, 2021TAB Bank is pleased to announce it has provided a textile company in California with an $8.5 million asset-based credit facility. TAB was introduced to the company through an established broker/consultant relationship because the company’s previous lender was not able to provide additional availability to meet the company’s rapidly increasing sales.
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Winston & Strawn Represents Fathom Digital Manufacturing Corporation
July 19, 2021Winston & Strawn represented Fathom Digital Manufacturing Corporation, an industry leader in on-demand digital manufacturing services, J.P. Morgan Securities LLC, and Stifel as joint placement agents and capital markets advisors in an announced business combination with Altimar Acquisition Corp. II (NYSE: ATMR)("Altimar"), a special purpose acquisition company sponsored by an affiliate of HPS Investment Partners, LLC. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange.
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PGIM Private Capital Provides Nearly $6.5B in First Half of 2021
July 19, 2021PGIM Private Capital provided nearly $6.5 billion of senior debt and junior capital to more than 100 middle-market companies and projects globally in the first half of 2021, marking the second largest first-half origination volume over the past decade, as markets across the globe begin to move beyond the pandemic. PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Comvest Credit Partners Announces Investment in Camin Cargo Control, Inc.
July 19, 2021Comvest Credit Partners (“Comvest”) has acted as Joint Lead Arranger and Lender in providing a $163 million Senior Secured Credit Facility (“the Financing”) to Camin Cargo Control, Inc.(“Camin”), a third-party service provider of mission critical inspection, testing, and fuel treatment services to the petroleum products industry.
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J D Factors Announces Factoring Facilities
July 16, 2021J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in Saskatchewan; $800,000 to a transportation company in Illinois; $100,000 to a transportation company in Georgia; $200,000 to a transportation company in New York; $150,000 to a transportation company in Illinois.
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Lazydays Holdings, Inc. Secures $369 Million Expanded Credit Facility
July 15, 2021Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: LAZY) announced that on July 14, 2021, the company entered into a three-year expanded credit agreement with a syndicate of banks led by Manufacturers and Traders Trust Company ("M&T Bank"). The $369 million credit facility nearly doubles the Company's Floorplan capacity from $175 million to $327 million, and expands its Revolving Credit facility from $5 million to $25 million.
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Fundworks Completes a Refinancing of Its Capital Structure of Up to $70 Million
July 15, 2021The Fundworks, LLC, a leading tech-enabled small business finance company, announced the recent closing of a $25 million Credit Facility with a commercial bank and the sale of $20 million of Senior Secured Notes to a group of U.S.-based institutional investors. The Credit Facility is expandable up to a maximum of $50 million, representing a total capital raise of up to $70 million. These transactions refinanced the Company's existing Senior Credit Facility and subordinated debt and provide substantial excess capital to fund the continued growth of its small business funding platform.
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Calliditas Secures $75 Million Term Loan Facility
July 15, 2021Calliditas Therapeutics AB (Nasdaq: CALT) (Nasdaq Stockholm: CALTX) ("Calliditas") today announced that the company has signed a loan agreement of up to the Euro equivalent of $75 million with Kreos Capital. Proceeds from the loan will be utilized for the launch of Calliditas' lead product candidate Nefecon, if approved, as well as to support clinical development efforts and for general corporate purposes.
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Blue Ridge Bankshares, Inc. and FVCBankcorp, Inc. Announce Transformational Combination to Create a Top-Performing Financial Institution
July 15, 2021Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) (“Blue Ridge”), the parent company of Blue Ridge Bank, National Association (“Blue Ridge Bank”), and FVCBankcorp, Inc. (NASDAQ: FVCB) (“FVCB”), the parent company of FVCbank, jointly announced today that they have entered into a definitive agreement pursuant to which the companies will combine in an all-stock merger of equals to create the 4th largest Virginia-headquartered community bank1 based on assets.
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Tornado Global Hydrovacs Enters Into Credit Facility with TD
July 15, 2021Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TGH: TSX-V) is pleased to announce that it has entered into a $3,000,000 revolving operating line of credit (the “Operating Line”) and a $4,875,000 term loan (the “Term Loan”, and together with the Operating Line, the “TD Facility”) with The Toronto-Dominion Bank (“TD”).
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TerraNova Capital Arranges $25 Million Term Loan for Riccelli Enterprises Inc.
July 15, 2021TerraNova Capital Structured Finance, the credit advisory and special purpose finance division of TerraNova Capital Equities, today announced the closing of a $25 Million Term Loan for Riccelli Enterprises, Inc. This senior loan facility refinances the company's existing senior term debt and also provides additional working capital to fund the company's growth.
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Monroe Capital Supports Frazier Healthcare Partners’ Caravel Autism Health
July 15, 2021Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger on the funding of a senior credit facility to support the refinancing of Caravel Autism Health (“Caravel”) and its future growth. Caravel is an existing portfolio company of Frazier Healthcare Partners.
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First Citizens, CIT Receive FDIC Approval of Proposed Merger
July 15, 2021First Citizens BancShares Inc. (NASDAQ: FCNCA) (“First Citizens”), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) (“CIT”), the parent company of CIT Bank, N.A., jointly announced that the proposal to merge the two companies has received regulatory approval from the Federal Deposit Insurance Corporation (“FDIC”). The merger has already received approval from the Office of the North Carolina Commissioner of Banks.
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TradeCap Partners Provides $500,000 Production Finance Facility for Texas-Based Manufacturer
July 15, 2021TradeCap Partners recently closed a $500,000 production finance facility for a Texas based manufacturer of couplings used in oil and gas and industrial applications. Key members of the management team had acquired the Company in the past six months and relocated manufacturing operations to a new facility. As the economy reopened, product demand increased and the Company received $2mm of purchase orders from existing customers.
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A&G to Auction Newly Constructed, 23 Unit Residential Tower In Downtown Flushing, NY
July 15, 2021A&G Real Estate Partners is now accepting bids from developers or investors for Barclay Tower, a newly-constructed, 23-unit residential building in this densely populated section of Queens. Designed and built to be marketed as a condominium, but currently vacant, the site is being offered through a bankruptcy auction scheduled for September 14, with bids due on September 10.
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The First Half of 2021 is on Pace to be SLIM Capital’s Strongest Year Yet
July 15, 2021SLIM Capital, located in Beverly Hills, California, reports increased funding volume for the first half of 2021. With a stellar first half of the year, SLIM Capital is set to break its yearly funding records. Shervin Rashti, CEO is extremely pleased with how 2021 has begun and feels confident that there will be continued growth throughout the remainder of the year.
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Mizzen Capital Provides Term Loan to Budderfly
July 15, 2021Mizzen Capital, LP ("Mizzen"), a private credit fund, is pleased to announce a $3.0 million investment in Budderfly. Budderfly is the fastest-growing firm in the North American Energy-Efficiency-as-as-Service market. Mizzen's investment provides additional working capital to help accelerate Budderfly's investment in sales, marketing, and technology in response to Budderfly's rapid growth from adding new customers and delivering energy-efficient solutions.
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Jefferies and SMBC Group Announce Strategic Alliance to Drive Growth
July 14, 2021Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies Financial”), the parent company of Jefferies Group LLC (“Jefferies Group”) (together hereafter referred to as “Jefferies”), and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG), Sumitomo Mitsui Banking Corporation (“SMBC”) and SMBC Nikko Securities Inc. (“SMBC Nikko”) (together hereafter referred to as “SMBC Group”) announced today that they have entered into a Strategic Alliance to collaborate on future corporate and investment banking business opportunities.
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