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  • BHI Appoints Michael Wadler as First Vice President, Commercial Real Estate, Based in Miami
    November 10, 2021
    BHI, a full-service commercial bank, announced that it has appointed Michael Wadler as First Vice President, Commercial Real Estate. Wadler, a veteran banker whose career spans more than three decades, will be based in BHI’s Florida Representative Office.
  • Heritage Bank of Commerce Hires David Casassa as SVP, Relationship Manager for San Rafael Region
    November 10, 2021
    Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced that David Casassa has joined the Bank as Senior Vice President and Relationship Manager. He will focus on leveraging his extensive network in the North Bay to cultivate loans and deposits in the region.
  • Team, Inc. Announces New Financing Agreement
    November 10, 2021
    Team, Inc. ("TEAM") (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that it has entered into a $50 million delayed draw subordinated term loan facility (the "subordinated term loan") led by Corre Management Partners, LLC ("Corre Partners"). TEAM also announced that it has entered into an amendment of its Senior Secured Term Loan facility led by Atlantic Park Strategic Capital Fund, L.P.
  • Hercules Capital Further Strengthens Its Capital Resources With New $100.0 Million Multi-Currency Credit Facility
    November 10, 2021
    Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that effective November 9, 2021, it has entered into a new $100.0 million multi-currency credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”).
  • Bank of America Names Al McRae President of Atlanta
    November 10, 2021
    Bank of America has named Al McRae as president of Bank of America Atlanta. McRae succeeds Wendy Stewart, who was recently named a member of the company's senior management team and the president of Global Commercial Banking.
  • Umpqua Bank Expands Middle Market Banking Division to Arizona
    November 10, 2021
    Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced its expansion into the state of Arizona with the hire of Kevin Gillette to build and lead the bank's newly formed Phoenix middle market banking office. Gillette is one of Arizona's top banking leaders with more than 25 years of experience helping banks establish and grow commercial and corporate offices across the region.
  • Priscilla Wallace Named Head of Supplier Diversity for Wells Fargo
    November 10, 2021
    Wells Fargo & Company (NYSE: WFC) today announced that Priscilla Wallace has been named head of supplier diversity for the company. Wallace joined Wells Fargo last month and will report to Barb Kubicki-Hicks, chief procurement officer, with a dotted line to Kelley Cornish, head of Diverse Segments, Representation and Inclusion Program Management Office and Enterprise Initiatives.
  • First Horizon Corporation Names Hope Dmuchowski As Chief Financial Officer
    November 10, 2021
    First Horizon Corporation (NYSE: FHN or the "Company") today announced the appointment of Hope Dmuchowski as Senior Executive Vice President and Chief Financial Officer. She will serve on the Company's Executive Management Committee and report to President and Chief Executive Officer Bryan Jordan.
  • Elis Signs its first €900 Million Sustainability-Linked Revolving Credit Facility
    November 9, 2021
    Elis, an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, today announces that it has successfully signed a new €900 million syndicated Revolving Credit Facility (the “RCF”) with a group of 13 core relationship banks.
  • Mexico's Cemex Says Closed $3.25 Billion Syndicated Credit Agreement
    November 9, 2021
    The new credit agreement consists of a $1.5 billion five-year amortizing term loans and a $1.75 billion five-year committed revolving credit facility, the company said in a statement.
  • Oxford Finance Closes $20 Million Credit Facility with PlateletBio
    November 9, 2021
    Oxford Finance LLC ("Oxford"), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $20 million senior secured term loan with PlateletBio (or "the Company"), a preclinical-stage biotechnology company pioneering an entirely new platform of allogeneic cell therapies based on platelet biology.
  • TAB Bank Provides Transportation Company in Michigan with a $2 Million Asset-Based Credit Facility
    November 9, 2021
    TAB Bank is pleased to announce it has provided a transportation company in Michigan with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • Iron Horse Credit Closes a $3 Million Inventory Line of Credit to a Safety Product Distributor
    November 9, 2021
    Experiencing exponential growth prior and throughout the ever-changing environment arising from the pandemic, the client was in need of working capital from a lender that could facilitate its rapid growth. The client was introduced to Iron Horse Credit by a long-standing referral partner who trusted IHC’s ability to execute complex inventory-only facilities.
  • Concord Serves as Exclusive Financial Advisor and Arranges $6MM Real Estate Loan in 35 Days
    November 9, 2021
    Concord Financial Advisors, LLC announced it served as exclusive financial advisor and arranger of a $6 million real estate mortgage for a real estate developer in the Midwestern United States.
  • TD Bank Ranks No. 1 in SBA Lending for Fifth Straight Year in Maine-to-Florida Footprint
    November 9, 2021
    TD Bank, America’s Most Convenient Bank®, announced today that it ranked No. 1 for the fifth consecutive year in total number of approved U.S. Small Business Administration (SBA) loan units in its Maine-to-Florida footprint for the SBA's 2021 fiscal year. TD supported more than 1,400 businesses through two SBA lending products: 7(a) and 504 loans.
  • Phoenix Management Services Assists a Midwest-Based Metal Coatings Provider in Obtaining $2.75 Million Refinancing
    November 9, 2021
    Phoenix Management Services® (“Phoenix Management”), a leading provider of operationally focused solutions, acted as the financial advisor to a mid-west manufacturing metal coatings provider (the “Company”) in arranging, structuring, and negotiating a $2.75 million loan package with Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing firm.
  • Pathlight Capital Closes Second ABL Credit Fund with $1.16 Billion of Commitments
    November 9, 2021
    Pathlight Capital LP ("Pathlight") announced today the final closing of its sophomore funds, Pathlight Capital Fund II LP and Pathlight Capital Offshore Fund II, LP (together, the "Fund"), with $1.16 billion of capital commitments. The Fund was oversubscribed, closing above its original fundraising target of $750 million to $1 billion. Wilmer Cutler Pickering Hale and Dorr LLP provided legal counsel.
  • CIT Arranges Up to $58 Million to Refinance Four Container Ships
    November 8, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.
  • DCM Announces Credit Facility Refinancing, Expected to Deliver $1.5 million of Interest Expense Savings in 2022
    November 8, 2021
    -DATA Communications Management Corp. (TSX: DCM) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, is pleased to announce the refinancing of certain of its credit facilities. The proceeds from new term loans will be used to repay a portion of the Company’s outstanding indebtedness.
  • EMERGE Announces Refinancing of Term Loan and Upsizing of Credit Facility to $25 Million
    November 8, 2021
    EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), a diversified, rapidly growing acquirer and operator of niche e-commerce brands, is pleased to announce the refinancing of its $8 million term loan, and upsizing of its credit facility providing for a total facility limit of $25 million (the "Facility") with primary use of funds expected to be future acquisition financing.