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  • Eagle Point Credit Management Appoints Nate Morse as Head Corporate Trader
    June 8, 2021
    Eagle Point Credit Management LLC (“Eagle Point”), a specialist asset manager focused on investing in CLO securities, portfolio debt securities and other credit investments, has appointed Nate Morse as Head Corporate Trader, effective today. He will report to Managing Partner Thomas Majewski, and Principal and Portfolio Manager Dan Spinner.
  • Tivity Health Announces New Senior Secured Credit Facilities
    June 8, 2021
    Tivity Health, Inc. (Nasdaq: TVTY) (the "Company"), a leading provider of healthy life-changing solutions, including SilverSneakers®, today announced that it has launched the syndication of new senior secured credit facilities, comprised of a senior secured revolving facility and a senior secured term loan B facility (the "senior secured credit facilities"). Morgan Stanley, Credit Suisse and Truist Bank are acting as joint lead arrangers and bookrunners for the transaction.
  • DirectBooks Welcomes Scotiabank, Rabo Securities and Huntington Capital Markets
    June 8, 2021
    DirectBooks, the capital markets consortium founded to optimize global financing markets, today announced that Scotiabank, Rabo Securities and Huntington Capital Markets have joined the DirectBooks platform. The addition of these dealers increases the sell-side participation to fifteen firms. The platform was launched in Q4 2020 with deal announcement functionality for U.S. Dollar Investment Grade issuances globally with the recent addition of Euro and Sterling deals in April 2021. Onboarding of additional underwriters and institutional investors will continue throughout 2021.
  • SSR Mining Announces US$200 Million Senior Secured Revolving Credit Facility
    June 8, 2021
    CIBC acted as the Sole Lead Arranger, Sole Bookrunner and as Administrative Agent in connection with the amended Credit Facility, with Bank of Montreal and The Bank of Nova Scotia acting as Co-Syndication Agents. The other syndicate lenders include Royal Bank of Canada and ING Capital LLC.
  • CIT Serves as Sole Lender on $20 Million Credit Facility for GEE Group Inc.
    June 8, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as agent and sole lender on a loan and revolving credit facility for GEE Group Inc. (NYSE American: JOB), a leading provider of professional staffing services and human resources solutions. Proceeds from the financing will be used to pay off existing debt and for general working capital purposes.
  • Jet Edge International Announces $150M Investment from KKR
    June 8, 2021
    Jet Edge International (“Jet Edge” or the “Company”), a global leader in full-service private aviation responsible for operating the largest fleet of managed Challenger and Gulfstream aircraft in the United States, and KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR have agreed to provide a credit facility of up to $150 million to Jet Edge. The funding will be used to support the acceleration of the Company’s broad infrastructure, digital initiatives, Reserve membership, and comes as Jet Edge rolls out its AdvantEdge charter management platform nationwide.
  • Ares Commercial Finance Has Provided a $20 Million Accounts Receivable Securitization to K&N Funding, LLC
    June 8, 2021
    Ares Commercial Finance (“ACF”) announced that it has provided a $20 million accounts receivable securitization for K&N Funding, LLC, an affiliate of K&N Engineering, Inc. (“K&N®”). K&N®, a portfolio company of funds managed by Goldman Sachs Asset Management, is an industry-leader in aftermarket automotive filtration and other performance products. The financing provides incremental financial flexibility to support the company’s future growth.
  • New York State Proposed Mandatory Licensing of Small Business Lenders and Brokers
    June 7, 2021
    New York State Senator James Sanders, one of the driving forces behind New York’s new disclosure legislation which effects non-regulated lenders, has just proposed new legislation requiring mandatory licensing of certain non-regulated small business lenders and business brokers who do business with commercial enterprises located in the State of New York. In summary, non-regulated lenders or business brokers engaged in “making or soliciting” “commercial financing products” to commercial enterprises located in New York State are to be required to be licensed by the State of New York if the loans or advances, including even a single advance, is in the principal sum of $500,000 or below.
  • SoftBank-backed Construction Firm Katerra Files for Bankruptcy Protection in U.S
    June 7, 2021
    Construction startup Katerra Inc, which is backed by SoftBank Group Corp, said on Sunday it has filed for bankruptcy protection in the United States. Katerra said it had secured commitments for $35 million in debtor-in-possession (DIP) financing from SB Investment Advisers (UK) Limited to fund operations during the Chapter 11 process, adding that the company’s international operations are not affected by this filing.
  • PNC Bank Expands Alabama Leadership Team
    June 7, 2021
    Over the coming months, PNC and BBVA USA will continue to operate as separate entities and brands while working together closely to ensure a smooth transition for BBVA USA employees and customers. PNC Bank, N.A. announced new appointments Monday to the leadership team for Alabama, led by Nick Willis, who will continue in the role of regional president for Northern and Central Alabama.
  • The Very Good Food Company Inc. Closes C$70 Million Credit Facility With Waygar Capital and Ninepoint Partners
    June 7, 2021
    The Very Good Food Company Inc. (TSXV: VERY) (OTCQB: VRYYF) (FSE: 0SI) ("VERY GOOD" or the "Company"), a leading plant-based food technology company, is pleased to announce that it has entered into a loan agreement (the "Loan Agreement") for a senior secured credit facility (the "Credit Facility") with Waygar Capital Inc. ("Waygar Capital" or the "Lender"), as agent for Ninepoint Canadian Senior Debt Master Fund L.P. ("Ninepoint Partners"). The Credit Facility consists of a C$20 million revolving line of credit and a C$50 million term loan.
  • Lux Speed, an Anacostia Ventures Investment, Secures a $50 Million Corporate Credit Facility with CSC Leasing
    June 7, 2021
    Lux Speed, a Florida-based fiber and managed Wi-Fi provider announces a credit line of fifty million dollars with CSC Leasing. Anacostia Ventures lead the discussions and ultimately secured the line for Lux Speed. "CSC is a premier capital partner and a perfect fit for Lux Speed's advanced offering" said Steve Canton, Senior Partner at Anacostia Ventures.
  • Forward Financing Announces $250 Million Credit Facility to Support Long-Term Growth
    June 7, 2021
    Forward Financing, a national provider of revenue-based financing to small businesses, announced that the company closed a $250 million credit facility led by one of the company's current capital providers.
  • Paya Announces Proposed Debt Refinancing
    June 7, 2021
    Paya Holdings Inc. (NASDAQ: PAYA) (“Paya” or the “Company”), a leading provider of integrated payment and commerce solutions, today announced plans to refinance its outstanding $228 million term loan facility due 2027 and $25 million revolving credit facility due 2025.
  • Matrix Announces the Successful Sale of Toms Sierra Company, Inc.
    June 7, 2021
    Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Toms Sierra Company, Inc. (“Sierra” or the “Company”) on the sale of thirteen (13) of the Company’s sixteen (16) petroleum marketing and convenience retail stores to an undisclosed buyer (“Buyer”). The Company’s stores are located outside Sacramento, California, in the surrounding foothills of the Sierra Nevada mountain range, and operate under the Sierra Express brand name.
  • Portage Point Partners Enhances Consumer Retail Practice with the Addition of Industry-Leading Executives
    June 7, 2021
    Portage Point Partners, a business advisory and interim management firm, has significantly enhanced its consumer retail practice with the addition of a team of executives that have helped transform global retail, including Managing Directors Tom Park and Glenn McMahon and Senior Advisers Michael Feurer and Gerry Rittenberg.
  • Crescent European Specialty Lending Announces Unitranche Financing for Nurture Landscapes
    June 7, 2021
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided a unitranche facility to Nurture Landscapes, a UK-based B2B provider of grounds maintenance, landscaping, and winter gritting services.
  • Macquarie Infrastructure Corporation Announces Agreement to Sell Atlantic Aviation to KKR for $4.475 Billion
    June 7, 2021
    KKR is making its investment in Atlantic Aviation primarily through its Global Infrastructure Investors and Core Investments strategies. Lazard and Evercore acted as financial advisors and White & Case acted as legal advisor to MIC in connection with the sale of Atlantic Aviation. Jefferies LLC served as financial advisor and Kirkland & Ellis as legal advisor to KKR.
  • Cerecor Enters Into $35 Million Debt Financing Agreement With Horizon Technology Finance
    June 7, 2021
    Cerecor Inc. (NASDAQ: CERC), a biopharmaceutical company focused on becoming a leader in the development and commercialization of treatments for rare and orphan diseases, today announced that it has entered into a debt financing agreement led by Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”) to provide up to $35.0 million in term loans.
  • Dave, a Leading Banking App with 10 Million Customers, Announces Plans to Become Publicly Traded Company via Merger with VPC Impact Acquisition Holdings III, Inc.
    June 7, 2021
    Dave, the banking app on a mission to create financial opportunity that advances America’s collective potential, and VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) (“VPCC”), a special purpose acquisition company sponsored by Victory Park Capital (“VPC”), today announced that they have entered into a definitive agreement for a business combination that will result in Dave becoming a publicly traded company listed under the ticker symbol “DAVE,” with an expected pro forma, fully-diluted equity value of approximately $4 billion, assuming no redemptions.
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