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  • ACORE Capital Appoints Kyle Jeffers and Tony Fineman as Co-Heads of Origination
    June 10, 2021
    ACORE Capital, LP (“ACORE”), one of the largest global credit managers focused exclusively on commercial real estate lending, is pleased to announce that Kyle Jeffers and Tony Fineman have been promoted to Co-Heads of Origination. In this role, Jeffers and Fineman will oversee all of ACORE’s origination activities and report directly to Co-Chief Executive Officers Warren de Haan and Chris Tokarski.
  • Capital Southwest Supports New Harbor Capital’s Majority Growth Equity Investment in FoodPharma
    June 10, 2021
    Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it recently supported New Harbor Capital (“NHC”) in its majority growth equity investment in Food Technology and Design, LLC dba FoodPharma LLC (“FoodPharma” or the “Company”) with a revolving credit facility, first lien term loan, delayed draw term loan and a minority equity co-investment.
  • Victory Capital Announces Plans to Enter Cryptocurrency Market
    June 10, 2021
    Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that its wholly owned investment adviser, Victory Capital Management Inc., has established exclusive agreements with both Nasdaq and crypto-focused asset manager Hashdex Ltd. (“Hashdex”) in advance of plans to enter the cryptocurrency market. Victory Capital will be the exclusive sponsor of private placement funds and other vehicles for U.S. investors, based on the Nasdaq Crypto Index (NCI), a multi-coin crypto index co-developed by Nasdaq and Hashdex.
  • Alex and Ani Announces Restructuring Support Agreement with Its Secured Lenders and Equity Sponsors
    June 10, 2021
    Alex and Ani, LLC ("Alex and Ani" or the "Company"), creators of the iconic charm bangle and affordable meaning based jewelry, today announced that in continuation of its efforts to stabilize its business, the Company has entered into a Restructuring Support Agreement ("RSA") with its debt holders and equity sponsors regarding a comprehensive financial and operational restructuring. To implement the restructuring, the Company has commenced Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. Kirkland & Ellis LLP and Klehr Harrison Harvey Brazenburg LLP are serving as the Company's legal co-counsel and Portage Point Partners, LLC is serving as its financial advisor.
  • Horizon Technology Finance Appoints Daniel Devorsetz as Chief Operating Officer
    June 10, 2021
    Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon," or the "Company"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced that it has appointed Daniel S. Devorsetz as Chief Operating Officer effective immediately.
  • Dominion Energy Extends and Expands Credit Facilities; Introduces Innovative Sustainability-Linked Pricing
    June 10, 2021
    For the supplemental credit facility, Sumitomo Mitsui Banking Corporation ("SMBC"), Scotiabank and TD Securities (USA) LLC acted as Joint Lead Arrangers and Joint Bookrunners and SMBC acted as Sustainability Coordinator.
  • BBH Capital Partners Announces the Addition of Two Business Development Officers
    June 9, 2021
    BBH Capital Partners (BBHCP), the private equity arm of Brown Brothers Harriman & Co. (BBH), is pleased to announce the addition of two new Business Development Officers, Elena L. Tuttle, based in Charlotte, and Karima Ali-Ahmad, based in Chicago. Elena and Karima are joining as Vice Presidents and will focus on investment sourcing and business development reporting to Alice M. Birnbaum, BBHCP's Head of Business Development.
  • Eastern Bank Welcomes Boston Warehouse Trading Corp. as a Commercial Customer
    June 9, 2021
    Eastern Bank is pleased to announce Boston Warehouse Trading Corp. as a new commercial banking customer. Founded in 1974 as a small warehouse importing colorful textiles and ceramics from Europe, today Boston Warehouse sources products from across the globe and provides creative gifts, housewares and home décor to independent retailers, larger specialty stores and consumers worldwide.
  • Huntington Completes Merger With TCF, Adds Five New Board Members
    June 9, 2021
    Huntington Bancshares Incorporated (Nasdaq: HBAN; "Huntington") today announced it has closed its merger with TCF Financial Corporation ("TCF"), creating a Top 25 U.S. bank holding company. The combination positions Huntington for enhanced profitability and scale, revenue growth opportunities, significant cost synergies, and a strengthened market position, all driving increased long-term shareholder value.
  • Pacific Mercantile Bank Provides $7.5 Million Line of Credit to Mason-West LLC
    June 9, 2021
    Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), today announced that it has provided a $7.5 million revolving line of credit to Mason-West, LLC, the premier western regional distributor of engineered seismic restraint systems and vibration isolation products manufactured by Mason Industries of New York.
  • Unique Logistics International Announces New Credit Facility with TBK Bank, a Texas State Savings Bank
    June 9, 2021
    Unique Logistics International, Inc. (OTCMKTS: UNQL) ("Unique" or the "Company"), a global logistics and freight forwarding company, today announced the signing of a new $30 million revolving purchase loan with TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc. (NASDAQ: TBK) and a Texas State Savings Bank.
  • LiveXLive Announces New Two-Year $7 Million Secured Revolving Credit Facility and Extends Maturity of its Existing Subordinated Secured Convertible Notes
    June 9, 2021
    LiveXLive Media (Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions, announced today that it has entered into a new two-year $7 Million secured revolving credit facility that will bear interest at the Prime Rate plus 0.5%.
  • InterNex Capital Issues $4.1MM Line of Credit and Term Loan to Wine & Spirits Company
    June 9, 2021
    InterNex Capital recently closed a $4.1MM line of credit and term loan for a decade-old liquor and wine importer and distributor based in New York. The company sought financing to purchase the assets of two other companies.
  • First Business Bank Closes $2 Million Factoring Facility to Transportation Company
    June 9, 2021
    First Business Bank announces the closing of a $2 million factoring facility by its Accounts Receivable Financing group. The client, which provides transportation services across the Midwest, previously was a client within First Business Bank’s Asset-Based Lending team and then moved on with another lender. During that time, they maintained a relationship with First Business Bank, and when they had to find a new lender, they returned.
  • Quasar Capital Partners Announces John Center as President
    June 9, 2021
    Quasar Capital Partners, a provider of customized lending solutions for small businesses in the US and Canada with facility sizes ranging from $1,000 to $5M, today announced that John Center has been named as President. Center has spent his entire professional career in commercial finance serving in portfolio development and relationship management roles. Most recently, he served as Senior Vice President of Blacksail Capital Partners and prior to that as Vice President of client relationship management of Far West Capital.
  • Hilco Corporate Finance Announces Appointment of Industry Leader Geoffrey Frankel as Chief Executive Officer
    June 8, 2021
    Hilco Corporate Finance (HCF) announced today that Geoffrey Frankel has joined the organization as Chief Executive Officer. In this capacity, Mr. Frankel will be responsible for leading the growth of our corporate finance business as we expand our special situations capabilities and grow our current investment banking, valuation and strategic advisory practice by delivering strategic solutions such as recapitalization, debt restructuring, business expansion, liquidity creation, sale of a business, ownership succession, and management transition solutions.
  • Crossroads Provides $1.5 Million Inventory Revolver for the Benefit of a Chemical Processing and Manufacturing Company
    June 8, 2021
    Crossroads Financial, a leading provider of stand-alone inventory financing, has recently provided a $1.5 Million inventory revolver to a chemical processing and manufacturing company. Located in Texas, the company has been a family run business since 1970. They specialize in contract manufacturing and tolling, supplying their products to many of the world's leading chemical companies.
  • FGI Provides £10 MM ABL Facility for Aartee Bright Bar
    June 8, 2021
    A renowned Midlands-based UK business, Aartee Bright Bar has a strong history in manufacturing engineering-grade steel bars to customers globally. As one of Europe’s premier bright bar producers, they provide tailored solutions and world-class quality to meet the needs of their clients. Aartee’s unique range of products include Round, Hexagon, Square, and Flat cold-drawn steel bars, distributed throughout the UK, EU, and USA.
  • Triumph Commercial Finance Expands ABL Originations Team
    June 8, 2021
    Triumph Commercial Finance, a division of TBK Bank, SSB, is pleased to announce Jason Nichols as Senior Vice President, Business Development Officer. Based in Dallas, Nichols is responsible for sourcing $5 to $50 million asset based and lender finance deals for the Southwest and Midwest region.
  • Axiom Bank Expands Commercial Banking Team in Tampa
    June 8, 2021
    Axiom Bank, N.A., a Maitland-based, leading community bank, has expanded its team with the hiring of Sul Hemani as VP, SBA Relationship Manager. In this new role, Hemani will help further grow Axiom Bank’s government-guaranteed lending program by generating new SBA and USDA loans.
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