SLR Healthcare ABL is pleased to announce it has provided a $4 million asset-based revolving line of credit in financing to a medical staffing company in April 2021.

Encina Lender Finance, LLC (“ELF”) announced that it has provided a $35 million senior credit facility to Uown Leasing, which is a technology-enabled, consumer leasing platform focused on partnering with retailers of durable consumer goods (primarily furniture, bedding, wheel & tire, and appliances) to offer a lease-to-own financing product at the point-of-sale.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Giuseppe (Joseph) Soccodato has joined the firm as Managing Director in its rapidly growing Restructuring and Dispute Resolution practice. Based on Long Island, Soccodato has 30 years of experience in managing and restructuring international companies, critical departments, and worldwide operating divisions.

Reorganization is now increasingly favored over liquidation, according to an analysis of COVID-era corporate bankruptcy filings by S&P Global Market Intelligence. Almost 62% of corporate bankruptcy filings last year sought to reorganize or restructure, the highest watermark since 2010, according to S&P data—and 2021 filings are set to outpace last year’s numbers. Conversely, in 2018 and 2019, liquidations were more commonly sought in bankruptcy filings.

SVB Leerink, a leading investment bank specializing in healthcare and life sciences, announced today that Andrew Fineberg has been hired as a Managing Director to lead the firm's Structured Finance practice. Mr. Fineberg will be based in SVB Leerink's New York office and will report to Dan Dubin, Vice Chairman and Global Co-Head of Investment Banking.

AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”) today announced it has provided a credit facility of up to $21 million for FarmaceuticalRX LLC (“FarmRX”, the “Company”, or the “Borrower”). The credit facility is designed to provide capital to allow FarmRX to purchase and complete the build out of its +/-120,000 square foot Class 1 cultivation and processing facility and acquire the building housing its nearby dispensary operations in East Liverpool, Ohio.

RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and/or operated outpatient imaging centers, today announced a proposed refinancing transaction for its existing senior secured first lien term loan, which had a balance of $611 million as of December 31, 2020, and its $195 million senior secured revolving credit facility, which was undrawn as of year-end 2020.

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, announced today the close of a senior secured term loan of $25 million to Allurion Technologies, a pioneering leader in the development of innovative, scalable and trusted weight loss experiences. The growth capital is expected to be used to fuel Allurion's global expansion.

ShoreView Industries (“ShoreView”), in partnership with management, has completed the sale of Rohrer Corporation (“Rohrer” or the “Company”) to Wellspring Capital Management LLC (“Wellspring”). The terms of the transaction were not disclosed. Headquartered in Wadsworth, Ohio, Rohrer is a manufacturer of high-visibility paperboard and thermoformed plastic consumer packaging including graphically intensive blister, skin, folding carton, high volume board packaging, and clamshell packaging.

Express Trade Capital recently added some kick to their portfolio and put pep in their client’s steps with a $2.5M accounts receivables facility for a well-seasoned Nevada based organic spice importer in business since 2010. The client’s primary business is importing organic spices, herbs, and botanicals like cardamom, ginger, turmeric, and saffron.

The financing provided much-needed cash-flow to the following rapidly growing small businesses: $75,000 A/R factoring line to an HVAC contractor in Arkansas; $100,000 A/R factoring line to a telecommunications contractor in Minnesota; $200,000 A/R factoring line to a manufacturer in Illinois and a $1,500,000 A/R factoring line to a health care staffing company in Pennsylvania.

IDS, a leader in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a leading provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets. The two companies combine to create a multi-asset class secured finance technology powerhouse supporting banks, independents, OEM captives and specialty finance firms globally. Five Arrows was advised by Robert W. Baird & Co. and Shoosmiths LLP. IDS and Thoma Bravo were advised by Kirkland & Ellis LLP.

Flatbay Capital LLC (“Flatbay”) (www.flatbaycapital.com) announces the closing of a $5,600,000 loan for a logging company with multiple locations in Arizona, secured by an owner occupied commercial/industrial property with direct highway and rail access. The loan proceeds provided the necessary liquidity to pay off the incumbent lender, cash out for working capital, as well as funds to allocate towards expansion plans at the subject property.

Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced it has closed on a US$10,000,000 senior secured credit facility to Northern Reflections Limited, one of Canada’s largest privately-held apparel retailers of women’s apparel. The credit facility will be used to refinance existing debt and provide the Company with enhanced flexibility to explore future growth opportunities.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center in Florence, Alabama. The borrower, Cypress West Partners is an experienced and successful owner and manager of healthcare properties that has a long history of acquisition financing with CIT.

David Edelberg, a bankruptcy law attorney with decades of experience handling various bankruptcy matters has joined Scarinci Hollenbeck's Lyndhurst, NJ office as Partner, according to the firm's Managing Partner Donald Scarinci. Mr. Edelberg brings with him years of experience handling matters relating to loan structuring & workouts, bankruptcy litigation, secured creditors, lenders & landlord representation, as well as debtor representation.

Gordon Brothers, the global advisory, restructuring and investment firm, has published two articles about the digital transformation and shifting consumer behavior within the retail industry. As a result of the ongoing pandemic, customer journeys are now more digitally focused, and more shoppers are looking for easy online or mobile purchasing.

Gordon Brothers, the global advisory, restructuring and investment firm, has named Joe Massaroni as Director, Business Development as Conrad Lauten retires. Based in Atlanta, Massaroni will lead efforts to develop and maintain strong client relationships across the Southeast. Massaroni joins Gordon Brothers with decades of experience in secured finance. He’s worked at several lending institutions throughout his career and previously served as director and team leader responsible for managing key relationships and more than $4 billion of account commitments.

TAB Bank is pleased to announce the addition of Dustin Jacobson (303-319-5434, dustin.jacobson@tabbank.com) to their business development team as Vice President and Business Development Officer. Dustin is based in Denver and is responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial entities in the Rocky Mountain region of the United States with annual revenues of $2 million to $150 million.

Palladium Equity Partners, LLC, a middle market private equity firm with nearly $3 billion in assets under management, today announced that Nancy A. Mitchell has been named Chief Administrative Officer, a newly-created position. Ms. Mitchell joins Palladium from O'Melveny & Myers LLP, where she was a Partner.