Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Orttech, Inc. on its majority recapitalization by Main Street Capital Corporation (NYSE: MAIN). Headquartered in Solon, OH, Orttech is a leading value-added distributor delivering mission-critical torque control products to a diverse range of industrial power transmission end markets.

In its latest sale for a prominent North American production rental company, Tiger Group will be staging a timed online auction on August 24 for over 200 lots of professional grade digital cameras, lenses, projectors, memory and other gear accessories from a prominent North American production rental company.

Wilmington Trust, a leader in corporate and institutional trust services, today announced the addition of three senior relationship managers within the CLO and Loan Administration Division – Henry Brigham, Willis Hwang and David Knecht. The team will be based in the company's Costa Mesa, California office and will report to the Head of CLO & Loan Administration, Richard Britt.

Varagon Capital Partners (Varagon) is serving as Administrative Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support Quad-C Management’s (Quad-C) investment in Village Gourmet.

apital 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 Kainos Capital (“Kainos”) in its acquisition of Muenster Milling (“Muenster”) with a revolving credit facility, first lien term loan and delayed draw term loan.

CIBC Innovation Banking is pleased to announce that Jonathan Schupack is joining its growing North American team as Executive Director and Market Lead for the Texas Region. He will be based in CIBC Innovation Banking’s office in Austin, TX.

H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital ("H.I.G."), announced today that it has arranged a financing package for Groupe Astek (“Astek” or the “Group”), which includes a significant growth capital component. Founded in 1988 and still controlled by its founder Jean-Luc Bernard, Astek is the last independent and fully private global French engineering & IT consulting specialist.

Amerisource Business Capital announced the closing and funding of a $2,500,000 senior credit facility supporting a technology-focused private equity fund’s investment in a healthcare staffing company. Amerisource also made a co-investment to support the capital raise.

Ares Commercial Finance (“ACF”) and WhiteHawk Capital Partners, LP ("WhiteHawk") announced today that they have provided a CAD$130 million Senior Facility to a company based in Western Canada specializing in crane and heavy haul services. The Senior Facility was comprised of CAD$90 million revolver provided by ACF and a CAD$40 million term loan provided by WhiteHawk. The financing provides incremental financial flexibility to support the company’s future growth.

Entrepreneur Growth Capital (“EGC” or “Entrepreneur”) is pleased to announce that it has provided a $4,500,000 asset-based line of credit to a New York based manufacturer, distributor and retailer of women’s sportswear (the “Company”).

-Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the closing of an agreement with lenders to upsize its senior secured term loan (the “Senior Loan”) to an aggregate principal amount of US$400 million. The Senior Loan bears interest at a reduced rate of 9.5% per annum, with a maturity date of August 12, 2026.

L.B. Foster Company (the "Company") (NASDAQ: FSTR), a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, today announced that on August 13, 2021, it entered into a Fourth Amended and Restated Credit Agreement (“Credit Agreement”) to, among other considerations, extend the facility maturity date to August 13, 2026, increase borrowing capacity to $130 million, improve pricing, and provide a more accommodating covenant package.

Spirit Healthcare, a medicines optimisation service provider for the NHS, has secured a multi-million-pound revolving credit facility from Growth Lending, to support innovative R&D projects and expansion into new markets. Growth Lending chose to invest in Spirit Healthcare following the company’s consistent double-digit growth and strong turnover, even against the pressures applied by the Covid-19 pandemic.

BHI, a full-service commercial bank, announced that it has promoted Oleg Kochanov to the position of Chief Credit Officer. Kochanov, who joined BHI in 2019 as Senior Vice President, Head of Credit Underwriting, has more than 20 years of experience in loan underwriting, structuring, and portfolio and client relationship management.

Ecopetrol S.A. (EC) said the Ministry of Finance and Public Credit authorized the company to enter into an external credit loan with international banks for up to $4 billion whose exclusive purpose will be to finance the acquisition of Interconexión Eléctrica S.A. ESP. The lenders under the credit facility are Banco Santander, S.A., Citibank, N.A., JPMorgan Chase Bank, N.A. and The Bank of Nova Scotia.

Huntington Business Credit announced it closed a new $60,000,000 credit facility with TeleTracking Technologies, Inc. on June 28, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.

U.S. hotel operator Hyatt Hotels Corp said on Sunday it entered a deal to buy resort company Apple Leisure Group from its private-equity owner KKR & Co and travel-and-leisure specialist KSL Capital Partners for $2.7 billion in cash. Hyatt said it expects to fund more than 80% of the purchase with a combination of $1 billion of cash on hand and new debt financings, and the remainder with about $500 million from equity financing. It added that Hyatt has secured a $1.7 billion financing commitment from JP Morgan.

LivaNova PLC (NASDAQ:LIVN), a market-leading medical technology and innovation company, today announced the early retirement of its $450 million five-year senior secured term loan (the Term Loan). In addition, LivaNova today announced the execution of a $125 million secured revolving credit facility (the Credit Facility) with Goldman Sachs Bank USA as agent, and Goldman Sachs Bank USA, Barclays Bank PLC and UBS AG, Stamford Branch as lenders.

Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, have today announced an extension of their existing lending partnership to provide more capital to small businesses across the US. The second phase of the partnership will significantly expand Congressional’s purchase of loans through the Funding Circle platform. By utilizing Funding Circle’s technology and powerful risk models Congressional benefits from a highly efficient and cost-effective way to deploy significant capital to Main Street businesses looking for funding.

SGT Capital is pleased to announce that the EQT Mid Market Europe fund ("EQT Private Equity") has agreed to sell Utimaco Verwaltungs GmbH ("Utimaco" or the "Company") to SGT Capital, a global alternative asset manager with offices in Germany and Singapore.