Marathon Asset Management today announced the closing of a $100 million senior secured bonds financing to Foraco International SA (the "Company" or "Foraco"), a leading global provider of mineral drilling services. Proceeds from the financing repaid existing indebtedness and provided additional liquidity and growth capital as the Company executes on its long-term business plan. The transaction also enabled Foraco to materially reduce its net debt outstanding.

Winston & Strawn represented Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory® Fitness, the heart-rate based interval training fitness franchise, in its acquisition of four studios in Fairfield, Norwalk, Westport and Shelton, CT. With these Connecticut acquisitions, Empire strengthens its ties in the tri-state region with a total of more than 40 studios in Connecticut, New Jersey and New York.

BMO Financial Group today announced the expansion of its 2021 Grant Program for women-owned businesses across North America, in collaboration with Deloitte. As part of this year's program, BMO Celebrating Women – a BMO-owned community program – has pledged $200,000 in grants and will recognize six women-owned businesses across North America for their contribution to social, environmental and/or economic sustainability outcomes through their organizations' policies, practices or products.

MarineMax, Inc. (NYSE: HZO), the nation’s largest recreational boat and yacht retailer, announced today that it increased the amount, and extended the term, of its credit facility. The facility now provides MarineMax with $500 million of borrowing capacity, further increasing the Company’s liquidity and financial flexibility for future growth. The agent of the facility is Wells Fargo Commercial Distribution Finance and includes the following lending partners: M&T Bank, Bank of the West and Truist Bank.

Oxford Finance LLC ("Oxford"), a leading specialty finance firm focused on healthcare services and life sciences companies worldwide, today announced the closing of a senior credit facility and revolving line of credit to Paradigm Health ("Paradigm" or "the Company"), a leading provider of hospice and palliative care in the state of Indiana.

Limetree Bay has received commitments for up to $25 million in new debtor-in-possession financing that, upon court approval, is expected to provide sufficient liquidity to meet ongoing business obligations related to the maintenance of the refinery during the Chapter 11 process. Baker Hostetler is acting as legal counsel for the Company and B. Riley Financial Inc. has been retained as restructuring advisor.

Concord Financial Advisors, LLC announced it arranged a $7 million senior secured revolving line of credit for BRM Holdings, LLC to refinance existing debt and provide additional working capital.

Flatbay Capital LLC (“Flatbay”) (www.flatbaycapital.com) announces the closing of a $3.3MM loan for a full-service metal distribution center in Houston, secured by a newly constructed 60,000 square foot owner-occupied commercial warehouse facility. With a significant amount of equity in the property, the loan proceeds provided the borrower with enough liquidity to pay off the incumbent lender, cash out for working capital, and funds to allocate towards expansion plans at the subject property.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $35 million to SetPoint Medical ("SetPoint"), a Valencia, California based, privately-held clinical-stage bioelectronic medicine company developing therapies for chronic autoimmune diseases.

LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support the refinancing of Industrial Service Group ("ISG") and add-on acquisition of Georgia Western, LLC. ISG is a portfolio company of PNC Mezzanine Capital, KCM Capital Partners and Five Points Capital. LBC served as Agent and Sole Lender for the senior secured credit facility.

EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare, carshare and delivery gig economy industry, today announced closing on a $15 million debt financing with New York-based Energy Impact Partners, EIP. ThinkEquity, a division of Fordham Financial Management, Inc., acted as placement agent for this debt financing.

sset-based lenders should closely monitor borrower health and collateral value now that some foodservice distributors are grappling with shortages of truck drivers, refrigerated trucks, warehouse personnel and even some staple foods, advises Eric Schloemer, Director of Business Development for Tiger Group’s Valuation Services division, in an article in the June/July issue of The Secured Lender.

Winston & Strawn represented Waterland Private Equity and Global Equestrian Group (GEG) in its acquisition of Palm Beach International Equestrian Center, a Wellington, Florida-based equestrian center and equestrian competition operator – including, the Winter Equestrian Festival.

BofA Securities, Inc., Mizuho Bank, Ltd., Wells Fargo Securities, LLC, Deutsche Bank Securities Inc. and Goldman Sachs Lending Partners LLC acted as joint bookrunners and BofA Securities, Inc. acted as sole lead arranger for the New Term B-1 Facility. BofA Securities, Inc. acted as sole bookrunner and sole lead arranger for the New Term B-2 Facility. Bank of America is the administrative agent and the collateral agent for the Credit Agreement.

Raketech, the iGaming performance marketing partner, announced that the company has signed a one-year revolving credit facility of EUR 15 million with Avida Finans AB. The credit facility enables Raketech to continue to grow through strategic acquisitions and can further be used for financing of working capital, other investments and other general corporate purposes.

Stroock has appointed Steven R. Schneider as a partner. The appointment is the firm's third DC-based partner in less than a month — and its eighth lateral partner in a year. Schneider counsels clients on tax ramifications related to real estate fund development, acquisitions, qualified opportunity zones, cross-border deals, dispositions, restructurings and real estate partnerships. A nationally recognised tax practitioner, Schneider also advises clients on tax-related implications of REITs, international investing (including sovereigns), IRS audits and S corporations.

FLC Credit Partners, a private credit fund manager specializing in family- and entrepreneur-owned businesses, today announced that it has provided a $21 million loan facility to Spouting Rock Asset Management (“SRAM”) which will use the capital to fuel its growth and consolidate multiple asset managers.

The Boards of Directors of Lakeland Bancorp, Inc. (“Lakeland”) (NASDAQ: LBAI), the parent company of Lakeland Bank, and 1st Constitution Bancorp (“1st Constitution”) (NASDAQ: FCCY), the parent company of 1st Constitution Bank, announced today that they have entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”), under which Lakeland will acquire 1st Constitution. The combined organization will have approximately $9.6 billion in assets and will rank as the 5th largest bank headquartered in New Jersey. The merger brings together two high-performing companies with complementary geographies and business lines.

Sunlight Financial (“Sunlight”), a premier, technology-enabled point-of-sale financing company, today announced the closing of its previously-announced business combination (the “Business Combination”) with Spartan Acquisition Corp. II (“Spartan”) (NYSE:SPRQ), a publicly-traded special purpose acquisition company sponsored by funds managed by an affiliate of Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”).

Wells Fargo & Company (NYSE: WFC) announced today that Bei Ling will join the company on Oct. 1 as head of Human Resources. She will report to CEO Charlie Scharf and serve on the company’s Operating Committee. Ling joins Wells Fargo from JPMorgan Chase, where she was most recently managing director and global head of Talent Development and Total Rewards.