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  • Clear Thinking Group LLC Provides Financial Operational Advisory Services to New Day Aluminum Holdings, LLC and its Parent Company
    August 12, 2021
    Clear Thinking Group LLC, the award-winning management consulting firm announced today that it provided financial and operational advisory services as well as serving as Strategic Advisor to New Day Aluminum Holdings, LLC and its parent company DADA Holdings LLC as part of DADA Holdings recently concluded transaction to sell a majority interest in New Day’s US operations to Concord Resources LTD.
  • Harmony Biosciences And Blackstone Enter Into Strategic Financing Collaboration
    August 11, 2021
    Harmony Biosciences Holdings, Inc. ("Harmony") (Nasdaq: HRMY), a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, and Blackstone (NYSE: BX) today announced that they have entered into a strategic financing collaboration where funds managed by Blackstone have agreed to provide Harmony with up to $330 million of financing and growth capital.
  • Carl Marks Advisors Serves as Exclusive Financial Advisor to WE Transport on Successful Sale to Beacon Mobility
    August 11, 2021
    Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, has served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility.
  • CNH Finance Announces $45.5 Million in New Commitments Throughout Q2 2021
    August 11, 2021
    CNH Finance is pleased to announce $45.5MM in new commitments throughout Q2, 2021. Recent financings include senior credit facilities to multiple skilled nursing facilities, a hospital and a healthcare record management company.
  • Unchained Labs Stocks up on Dry Powder with $155M Debt Facility
    August 11, 2021
    Unchained Labs, the life sciences company that's all about getting biologics and gene therapy researchers the right tools for the job, today announced that it has closed a $155M debt facility with Midcap Financial and Golub Capital to support future acquisitions.
  • Dresner Partners Advised Table Talk Pies on the Refinancing of Its Credit Facilities
    August 11, 2021
    Dresner Partners, a leading FINRA-registered, middle-market investment bank and Mergers Alliance member firm, is pleased to announce that it advised Table Talk Pies, Inc. on the refinancing of its credit facilities with new lenders, White Oak Commercial Finance, LLC and NFS Leasing, Inc. Terms of the transaction were not disclosed.
  • Simmons Bank Bolsters Commercial Lending Capabilities With Addition Of Experienced 11-member Commercial Finance Team
    August 11, 2021
    Lee Palm brings established track record as leader of new Commercial Finance business unit Seasoned veterans Brian Shapiro and Phil Mulder add depth and extensive industry experience 11-member team encompasses full business verticals necessary to immediately begin operations Further expands and diversifies commercial banking capabilities, product offerings and clientele
  • Marathon Asset Management Announces Management Changes
    August 11, 2021
    Bruce Richards, Chairman & CEO, and Louis Hanover, CIO, together the co-managing Partners of Marathon Asset Management, a leading global credit investment manager, announced several management changes today, including one senior departure and five senior promotions.
  • Ilona Posner Joins MHH Real Estate Practice Group
    August 11, 2021
    The law firm of Moritt Hock & Hamroff LLP has announced that Ilona Posner has joined the firm as counsel in its Real Estate practice group. Ms. Posner resides in the firm's Garden City office.
  • CIT Northbridge Serves as Sole Lead Arranger on $25 Million Credit Facility for F Street Investments
    August 11, 2021
    CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $25 million credit facility for F Street Investments LLC, a lender to real estate investors and developers. Based in Milwaukee, Wisconsin, F Street Investments LLC is part of the F Street Group, an investment company that includes a number of industry verticals, including real estate, hospitality, lending, and emerging markets.
  • Ted Tuerk Joins King & Spalding From Capital One
    August 10, 2021
    Edward (Ted) Tuerk has joined King & Spalding’s Corporate, Finance and Investments practice as counsel in the Chicago office. Prior to joining the firm, he served as the Associate General Counsel at Capital One and prior to that as Senior Counsel – Healthcare Financial services at GE Capital.
  • Ares Commercial Finance Has Provided a $20 Million Senior Secured Revolving Line of Credit to Trading Technologies International, Inc.
    August 10, 2021
    Ares Commercial Finance (“ACF”) announced that it has provided a $20 million senior secured revolving line of credit to Trading Technologies International, Inc. The company, headquartered in Chicago, IL, provides trade execution software, infrastructure, and data services in futures, options and fixed income with global scale and connectivity to all major markets and exchanges worldwide. Proceeds from the financing will be used to support general working capital needs.
  • Harbor Raises Funds From Makerdao Unlocking Defi’s Full Potential in Trade Finance
    August 10, 2021
    Harbor announced Tuesday they have raised funds from MakerDao to finance global trade using decentralized finance (DeFi) liquidity. MakerDao is investing in Harbor’s portfolio by providing a line of credit backed by a securitization pool of trade receivables. MakerDAO is a decentralized autonomous organization (DAO) which maintains and regulates the Dai stablecoin and is the first example of decentralized finance to receive significant adoption.
  • Crescent European Specialty Lending Announces Unitranche Financing & Equity Co-Investment for Management Buyout of Texecom Ltd Supported By LDC
    August 10, 2021
    Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing and an equity co-investment to support the management buyout of Texecom Ltd, which was supported by LDC, the U.K.-based private equity arm of Lloyds Banking Group. Terms of the financing were not disclosed.
  • Bessemer Investors Acquires Stake in Legacy Restoration
    August 10, 2021
    Legacy Restoration ("Legacy" or the "Company"), a leading provider of exterior restoration and remodeling services, and Bessemer Investors LLC ("Bessemer"), a New York-based investment firm, announced today that Bessemer has acquired Legacy. Bessemer has partnered with Legacy's management team to provide liquidity to selling shareholders and capital to support the Company's growth through organic initiatives and acquisitions. Founder and CEO, Scott Mullins, and Legacy's management team will continue leading the Company as a stand-alone platform. Financial terms of the transaction were not disclosed.
  • Organogenesis Holdings Inc. Announces New $200 Million Credit Agreement with Silicon Valley Bank
    August 10, 2021
    Silicon Valley Bank acted as Administrative Agent and Bookrunner on the Facilities with Bank of America, N.A., Citizens Bank N.A., and PNC Capital Markets LLC each as Joint Lead Arrangers.
  • J.P. Morgan Asset Management Expands Private Credit Platform, Hires Co-Heads of Global Performing Credit
    August 10, 2021
    J.P. Morgan Asset Management today announced the expansion of its private credit platform and appointment of Vincent Lu and Brian Van Elslander as co-heads of the newly formed Global Performing Credit group. Mr. Lu and Mr. Van Elslander bring extensive experience in private credit and private equity sponsor coverage to the roles (full bios included below). The two new hires report to Meg McClellan, Head of Private Credit at J.P. Morgan Private Capital.
  • B. Riley Expands Fixed Income Division; Names Tim Sullivan Head of Fixed Income
    August 10, 2021
    B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley”), a diversified provider of business advisory and financial services, today announced that Tim Sullivan has agreed to join the firm as Head of Fixed Income with B. Riley Securities, Inc.
  • Quantum Successfully Completes Debt Refinancing
    August 9, 2021
    Quantum Corporation (NASDAQ: QMCO) announced today it has completed the refinancing of its senior secured term loan. Following a competitive proposal process, the Company remained with affiliates of the existing lenders and replaced the existing term loan facility with a new $100 million senior secured term loan that matures in 2026.
  • Cuda Oil and Gas Inc. Announces Additional $4 Million Financing from Senior Lender
    August 9, 2021
    Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce an additional $4.0 million of financing ("Credit Facility B") from its Senior Lender, Tallinn Capital Energy Limited Partnership ("Tallinn"), under the Senior Credit Facility agreement signed on January 20, 2021. The additional proceeds will be used for the payment of account payables relating to, and continued development of, its oil assets and miscible gas flood injection program in the Powder River Basin, Converse County, Wyoming.
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