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White Oak Healthcare Finance Provides Financing to HighFive Healthcare to Support Growth Strategy
White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent of a senior credit facility to HighFive Healthcare (“HighFive”). HighFive is a specialty dental service organization (“DSO”) focused on acquiring high production endodontics and oral surgery dental practices in the southeastern U.S.
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Sallyport Propels Wholesale Business with $1.5MM in Funds
June 29, 2021Sallyport is delighted to have been able to support a longstanding contact with $1,500,000 in accounts receivable finance to propel their wholesale business to the next level. The client needed funds to pay an overseas supplier for a large order, in full, prior to goods being shipped.
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Bridgewater Bank Welcomes Joseph Birkholz as Chief Risk Officer
June 29, 2021Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs, today announced the addition of Joseph Birkholz to its team as Chief Risk Officer. Joseph joins Bridgewater with over 15 years’ experience in various enterprise risk management capacities. Joseph most recently served as Senior Vice President of Risk Operations at TCF Bank (nka Huntington Bank), where he led teams across operational risk, vendor risk and risk operations disciplines.
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Agility Capital Provides Follow-On Financing to Violet Grey
June 29, 2021Agility Capital today announced it has provided follow-on financing to Violet Grey, a direct to consumer personal beauty platform. The Company’s unique value proposition is centered around its community of beauty experts. In addition to a best-in-class editorial team, the Company engages Hollywood’s leading beauty experts — a network of 150+ world-class makeup artists, hair stylists, estheticians, dermatologists, and celebrity influencers with a combined social reach of 23M+ — to test and approve their curation of the industry’s best products.
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MidCap Financial Issuer Trust Announces Pricing of $400 Million Notes Offering
June 29, 2021MidCap Financial Issuer Trust (the "Company") today announced that it priced its offering of $400 million aggregate principal amount of 5.625% senior notes due 2030 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering is expected to close on June 30, 2021, subject to certain conditions.
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New Business Development VP Taylor Kennedy Joins Gibraltar’s Southwest Team
June 28, 2021Gibraltar Business Capital welcomes Taylor Kennedy as the newest member of our expert business development team. Based out of Dallas, Texas, Taylor is a VP managing the Southwest Region for Gibraltar and will report to Mike Conrad, who was recently promoted to a Team Leader role.
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Franklin Capital Partners with a Bank for a $750,000 Factoring Facility
June 28, 2021Franklin Capital is pleased to announce the completion of a $750,000 factoring facility for a chilled packaging company referred by a bank. An eco-friendly chilled packaging company needed financing to increase their working capital availability and fulfill orders to food delivery companies and stores such as Freshly and Hello Fresh. First, they turned to their local bank, which was unable to provide them with financing at the current time. The bank introduced them to Franklin Capital.
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Tiger ‘Buy Now’ Online Event Offers
June 28, 2021Continuing its longstanding partnership with Keslow Camera, Tiger Group today launched a ‘Buy Now’ online sale featuring over 300 lots of digital cameras, lenses, monitors, matte boxes and gear accessories from this leading film and television industry equipment rental company. The sale features a selection of digital cameras from Arri, Panasonic, Red, and Sony; lenses from Angenieux, Arri, Canon, Century, and Zeiss; monitors from Marshall, Teradek and TV Logic; matte boxes from Arri; as well as heads, memory, filters, and other accessories from leading manufacturers.
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Nicole Lorch Named President of First Internet Bancorp, Bank
June 28, 2021First Internet Bancorp (the “Company”) (Nasdaq: INBK) announced today that the Board of Directors has appointed Nicole Lorch as President and Chief Operating Officer of the Company as well as its subsidiary, First Internet Bank (the “Bank”), effective at the close of business on June 30, 2021. David B. Becker will remain as Chairman and Chief Executive Officer of both the Company and the Bank.
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Think Research Announces Increased Credit Facility
June 28, 2021Think Research Corporation (TSXV: THNK) ("THINK" or the "Company"), a company focused on transforming healthcare through digital health software solutions, is pleased to announce that it has entered into an amended credit agreement (the "Credit Agreement") with National Bank of Canada ("NBC" or the "Lender") that provides for a $15 million revolving credit facility and a $10 million revolving acquisition facility for an aggregate total availability of up to $25 million.
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Alida Secures US$10 Million Debt Facility From Comerica Bank
June 28, 2021Alida (formerly Vision Critical), creator of the world’s first CXM & Insights Platform has secured a US$10 million debt facility from Comerica Bank (NYSE: CMA). The financing was provided by Comerica Bank’s Technology and Life Sciences Division. The funds provide Alida with access to additional working capital and will also contribute to Alida’s aggressive growth strategy and ambitious roadmap centered around delivering market-leading solutions in the Customer Experience Management (CXM) space.
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Adam Schwartz Joins Amherst Pierpont as Head of Structured Credit Business
June 28, 2021Amherst Pierpont Securities LLC, a market-leading independent fixed-income broker-dealer, today announced the appointment of Adam Schwartz to Managing Director and Head of the firm's Structured Credit Business. Mr. Schwartz, who joined the company on June 21, 2021, will continue to advance Amherst Pierpont's strategic initiatives in the CLO and structured credit markets at a pivotal time in the practice's growth trajectory.
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Abacus Finance Provides Senior Debt Financing to Support the Acquisition of Maury Microwave by Artemis Capital Partners
June 28, 2021Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the acquisition of Maury Microwave by Artemis. Abacus made an equity co-investment in Maury Microwave.
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CIT Provides $42 Million in Financing for Dry Bulk Fleet
June 28, 2021CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven Handymax vessels.
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J D Factors Announces Factoring Facilities
June 28, 2021J D Factors announced it provided the following factoring facilities: $150,000 to a transportation company in Alberta; $75,000 to a transportation company in Ontario; $400,000 to a transportation company in Illinois; $200,000 to a transportation company in New Hampshire...
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Par Hawaii Refining Taps GA Global Partners to Assist with Sale of Surplus Machinery and Equipment
June 28, 2021GA Global Partners, LLC, the wholesale and industrial subsidiary of B. Riley Retail Solutions, will conduct a live public online auction of surplus machinery and equipment of the Par Hawaii Refining, LLC (www.parhawaii.com) Kapolei, Hawaii facility on Thursday, July 8th, 2021.
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Bridge Bank Extends $2.5 Million Credit Facility to NORCAL Ambulance
June 28, 2021Bridge Bank today announced its East Bay Commercial & Industrial (C&I) Banking Group has extended a $2.5 million credit facility to NORCAL Ambulance, a specialty-care transport company administratively based in Livermore, Calif. with stations throughout Northern California. The new credit facility will be used to expand NORCAL Ambulance's operations with $2 million allocated for new ambulances and $500,000 for gurneys.
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VerticalScope Refinances its Existing Senior Secured Credit Facility in Connection With Initial Public Offering
June 28, 2021VerticalScope Holdings Inc. ("VerticalScope" or the "Company") (TSX: FORA) announced today that it had entered into an amended and restated credit agreement (such agreement, the "A&R Credit Agreement"), amending and restating the Company's existing credit agreement (the "Existing Credit Agreement") with Capital One, National Association, as sole lead arranger, sole bookrunner and administrative agent, and HSBC Bank Canada, National Bank of Canada and Royal Bank of Canada, as co-syndication agents.
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BlackRock TCP Capital Corp. Announces Extension of and Certain Amendments to Its Revolving Credit Facility
June 28, 2021BlackRock TCP Capital Corp. (NASDAQ: TCPC) (“TCPC” or the “Company”) announced today the extension of its SVCP Credit Facility (the “Facility”) by two years to May 6, 2026. Other amendments to the Facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%, subject to certain borrowing base conditions. The Facility is led by ING Capital LLC and includes a total of 7 bank participants.
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Hyde Park Ventures Announces Acquisition of Multiple Five Guys Franchises in Colorado
June 28, 2021Hyde Park Ventures ("Hyde Park"), a private management company, has announced the acquisition of seven Five Guys franchises and a new development territory across northern Colorado making its restaurant holding company, Hyde Park Burgers, the third largest Five Guys franchisee in the United States. Fifth Third Bank, Hyde Park's sole lender, provided the debt financing for the transaction.
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American Oncology Network Secures $85 Million in Financing From PNC Bank
June 28, 2021American Oncology Network, LLC (AON), a high-growth medical oncology provider with a focus on supporting the long-term viability of oncology treatment in community-based settings, announced today that it has closed on a financing agreement with PNC Bank, one of the largest diversified financial services institutions in the United States. The $85 million financing deal will facilitate AON’s continued growth and the ability to provide exceptional cancer care to patients.
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