The Federal Reserve Board on Wednesday announced plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that closed on December 31st, 2020. The SMCCF proved vital in restoring market functioning last year, supporting the availability of credit for large employers, and bolstering employment through the COVID-19 pandemic.

BMO Capital Markets announced today that it is establishing a dedicated Energy Transition Group to support clients in their pursuit of opportunities driven by the increasing momentum of the global economy's shift in production and consumption of energy.

Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $24 million senior credit facility with Lantern Group (“Lantern” or “the Company”), an owner and operator of skilled nursing and assisted living facilities. The funds were used to acquire three assisted living and memory care facilities located in Ohio, Lantern of Chagrin, Lantern of Madison, and Lantern of Saybrook.

Monroe Capital LLC has been recognized by Global M&A Network as the Mid-Markets Lender of the Year. Award winners were honored at the virtual U.S.A. M&A Atlas Awards Gala held on May 26th. This award recognizes the firm’s notable value-creating transactions, track record, sector expertise, team leadership and more importantly, client service. U.S.A.

JAKKS Pacific, Inc. (NASDAQ: JAKK) (the “Company”) today announced that on June 2, 2021 it completed the successful refinancing of its existing term loan facility with a new term loan facility from Benefit Street Partners L.L.C. (“BSP”) and entered into a new asset-based revolving credit facility with JP Morgan Chase (“JPM”).

Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that its subsidiary has completed its previously disclosed acquisition of Landmark Partners, LLC (collectively with its subsidiaries, “Landmark”), one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry.

Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) ("Golden Star" or the "Company") is pleased to announce the restructuring and upsizing of the senior secured credit facility (the "Credit Facility" or "Facility") with Macquarie Bank Limited ("Macquarie"). All monetary amounts refer to United States dollars.

Sallyport Commercial Finance are delighted to announce a total fund of $2MM to a Canadian manufacturer of home improvement products based in New Brunswick. Referred to Sallyport by one of Canada’s top 3 commercial banks, the client had identified a strategic opportunity to acquire a complementary business, whose parent company was already going through a process of restructuring under the Companies' Creditor Arrangement Act ("CCAA").

Bids are now being accepted for the June 17 online auction of all assets from a 30-barrel semi-automated brewhouse in Eureka that closed in December 2020. The auction is being conducted by Tiger Group and sale partner Schneider Industries on behalf of the landlord of the 20,000-square-foot brewery, which operated out of three warehouse buildings on the site.

Supply chain finance program allows a Mexico-based seafood importer and distributor to improve working capital. Trade finance provider Harbor announced the closing of a syndicated supply chain finance program for a seafood processing facility and distributor in Quintana Roo, Mexico. The program is managed on the HarborTrade platform and is being funded by Harbor and Kampala Capital.

Gateway Trade Funding, a PO and Trade Financing company, is happy to announce that we recently funded a $1,000,000 purchase order facility for PPE that was referred by a factoring company. A Factoring Company had a client that previously sold cleaning products and was looking to diversify due to the pandemic. The client was looking for financing to accept a purchase order for PPE, so the Factoring Company turned to Gateway.

Huntington Business Credit announced it closed a new $20,000,000 credit facility with an Information Technology Value Added Reseller on April 28, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.

Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support the acquisitions of C.L. Smith, a leading distributor of rigid packaging solutions, and Silver Spur, a supplier of specialty glass and plastic packaging by Kelso & Company (“Kelso”). C.L. Smith and Silver Spur will be combined with Kelso’s existing investment in Inmark, a distributor of rigid container and life sciences packaging products.

Nations Capital, Inc. ("NCI"), an asset management and advisory firm focused on opportunistic investments and asset remarketing, announced today that is has officially launched all of its business platforms to its clients and customer base. NCI is a strategic partner to companies and clients across a wide range of commercial and industrial sectors, with a particular focus and expertise in finance, restructuring, and insolvency. The Company provides capital, advisory services and infrastructure to guide clients and companies through change and growth.

The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the completion of its acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary BBVA USA. Through this transaction, PNC is now the fifth largest U.S. commercial banking organization with over $560 billion in assets with a coast-to-coast national franchise that will provide a full range of products and services to retail customers and business clients in 29 of the top 30 largest markets in the country.

Avadim Health, Inc. (the Company), a healthcare and wellness provider, today announced it has reached an agreement in principle to sell substantially all of its assets and filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code. Avadim is being advised by Carl Marks Advisory Group LLC, the law firm of Pachulski Stang Ziehl & Jones LLP, the law firm of Chapman and Cutler LLP, and SSG Capital Advisors, LLC.

McGuireWoods continues to expand its global derivatives and structured finance capabilities with the arrival of partner Charles Wakiwaka, who joins the firm’s highly ranked securities and capital markets practice in London. Wakiwaka advises buy-side and sell-side market participants on complex derivative and structured transactions such as fixed income, deal-contingent instruments, repackagings, structured notes and bespoke collateral arrangements across a range of asset classes, including equities, credit and commodities.

MidCap Business Credit is pleased to announce the closing of a $10 million revolving credit facility for Fairway Lumber Company, Inc., D/B/A Bay Forest International. The credit facility was used to refinance the company’s existing senior debt and to support their growth plans. Headquartered in Stoughton, MA, Fairway Lumber is a wholesale trader of lumber, plywood, pellets, and other wood related products.

Varagon Capital Partners (Varagon) is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of Sila Heating & Air Conditioning (Sila) by investment funds managed by Morgan Stanley Capital Partners (MSCP).

Morgan Stanley & Co LLC is serving as exclusive financial advisor to Cloudera, and Latham & Watkins, LLP is serving as legal advisor to Cloudera. GCA Advisors, LLC, BofA Securities, William Blair & Company, L.L.C., Perella Weinberg Partners LP, Cowen and J.P. Morgan are serving as financial advisors and Kirkland & Ellis, LLP and Debevoise & Plimpton LLP are serving as legal advisor to CD&R and KKR. J.P. Morgan, Bank of America, and KKR Capital Markets have committed to providing debt financing for the transaction.