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  • WSFS Financial Corporation to Combine with Bryn Mawr Bank Corporation, Solidifies Position as the Premier Bank and Wealth Management Franchise in the Greater Philadelphia and Delaware Region
    March 11, 2021
    WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today the signing of a definitive merger agreement whereby Bryn Mawr Bank Corporation (“Bryn Mawr”) will merge with WSFS Financial Corporation (“WSFS”), in a transaction valued at approximately $976.4 million. Simultaneously with the merger, The Bryn Mawr Trust Company (“BMT”), the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS. The combination of two of the high performing, locally-based financial services companies in the Greater Philadelphia and Delaware region solidifies WSFS’ position as the preeminent, locally-headquartered bank for this region.
  • 36th Street Capital Completes $138 Million Inaugural Loan Securitization Transaction
    March 10, 2021
    36th Street Capital Partners, LLC (“36th Street”) is pleased to announce the successful securitization of equipment loans and leases through a private loan transaction (“Transaction”) with pension and insurance companies as lenders. The Transaction involves the securitization of $138 million of “business essential” commercial equipment loans and leases, and includes two classes of loans with investment grade and non‐investment grade ratings assigned by DBRS Morningstar. Amherst Pierpont Securities LLC (“APS”) served as exclusive Arranger of the Transaction.
  • UMB Bank Welcomes Jeff Dunbar to Capital Finance Business Development Team
    March 10, 2021
    UMB Bank is pleased to announce Jeff Dunbar has joined its Capital Finance Business Development team as Senior Vice President, Business Development Officer under their Accounts Receivable Finance business channel. Operating out of St. Louis, Dunbar will be further enhancing the business’ marketing efforts throughout the Midwest territory.
  • Tradewind Finance Welcomes Greg Champion as Vice President of Sales based in Chattanooga, TN
    March 10, 2021
    Tradewind Finance is pleased to announce the hiring of Greg Champion as Vice President of Sales based in Chattanooga, Tennessee. In his role of VP Sales, Champion will be focused on driving growth for the company and increasing its client base. Champion joins Tradewind from Atradius Trade Credit Insurance, where, as Regional Manager, he developed new client relationships and assisted existing customers with their credit risk scenarios.
  • InterNex Capital Announces Working Capital Funding Program for Minority and Women Owned Businesses
    March 10, 2021
    InterNex Capital is pleased to formally share with the market their new program focused on providing working capital to small and medium Minority & Women-Owned Business Enterprises (M/WBEs). Diversity is hugely important to the culture at InterNex. Diversity and inclusion are shared priorities and values among their founders, employees, investors, and partners.
  • BHI Arranges $26 Million Construction Financing
    March 10, 2021
    BHI, a full-service commercial bank, announced that it has arranged $26.5 million in construction financing for the redevelopment of 629 E. Main Street in Richmond, Virginia, a 12-story office building that will be converted to mixed use multi-family. The borrower is Douglas Development Corporation (DDC), which will convert the property to 188 rental units comprising studios and one and two-bedroom apartments, and 132,806 square feet of commercial space.
  • CIBC Innovation Banking Provides JMI Equity with a Capital Call Line of Credit
    March 10, 2021
    CIBC Innovation Banking is pleased to announce that it has co-led a capital call facility to JMI Equity’s latest fund, JMI Equity Fund X. The capital call facility provides JMI Equity (“JMI”) with the flexibility to make investments in portfolio companies and call capital less frequently from the Fund’s limited partners.
  • Cerberus Business Finance Raises $4.4 Billion of Additional Capital for U.S. Direct Lending Strategy
    March 10, 2021
    Cerberus Capital Management, L.P. (“Cerberus”) announced today that its middle-market direct lending platform, Cerberus Business Finance, completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV (“Fund IV”). Fund IV closed with $2.4 billion of equity commitments and, in total, Cerberus Business Finance raised more than $4.4 billion of equity commitments for its strategy across Fund IV and separately managed accounts.
  • VEON Successfully Enters Into a $1.25 Billion Multi-currency Revolving Credit Facility Agreement
    March 10, 2021
    VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that it has successfully entered into a new multi-currency revolving credit facility agreement (the "RCF") of USD 1.25 billion for VEON Holdings B.V. ("VEON Holdings"). The RCF will replace the existing revolving credit facility signed in 2017.
  • Harsco Completes Refinancing of Term Loans and Extension of Revolving Credit Facility
    March 10, 2021
    Harsco Corporation (NYSE:HSC) (the “Company”) announced today that it amended its existing senior secured credit agreement by completing a new term loan B facility (the “New Term Loan”) of $500.0 million and extending the maturity of the existing $700.0 million revolving credit facility thereunder (the “Revolving Credit Facility”).
  • CTO Realty Growth Announces 5-Year, $50 Million Term Loan
    March 10, 2021
    CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced that it has successfully amended its unsecured credit agreement to originate a new $50 million unsecured term loan (the “Term Loan”) and increase the total committed capacity of its unsecured revolving credit facility (the “Revolving Facility”) from $200 million to $210 million (together, the “Credit Facility”).
  • Humanigen Announces $80 Million Loan Facility from Hercules Capital
    March 10, 2021
    Humanigen, Inc. (Nasdaq: HGEN) (“Humanigen”), a clinical stage biopharmaceutical company focused on preventing and treating an immune hyper-response called ‘cytokine storm’ with its lead drug candidate, lenzilumab™, has obtained a term loan facility from Hercules Capital (NYSE: HTGC), a leader in customizing debt financing for companies in the life sciences market. Under the terms of the facility, Hercules will provide Humanigen up to $80 million of secured debt financing.
  • Black Knight Announces Amended and Restated Credit Facilities
    March 10, 2021
    Black Knight, Inc. (NYSE:BKI) ("Black Knight" or "BKI"), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital market verticals, today announced that its indirect subsidiary, Black Knight InfoServ, LLC, a Delaware limited liability company (the "Borrower") entered into a second amended and restated senior secured credit facility (the "Facilities"), comprised of a $1.15 billion five-year senior secured term loan A facility and a $1 billion five-year senior secured revolving credit facility (the "Revolver").
  • Schulte Roth & Zabel Announces Promotions
    March 10, 2021
    Schulte Roth & Zabel (SRZ) is pleased to announce the election of David Arnstein, David Griffel, Anthony Taylor and Heather Wyckoff as partners. The firm also announces the promotion of William Barbera, Neil Begley, Adam Gartner, Andrew Gladstein, Robert Griffin, Jill Guzzetti, Annie Mehlman and Brian Smith to special counsel. All are resident in the firm’s New York office.
  • Stratos Technologies LLC Secures Participation From WebBank in an Asset-Based Revolving Credit Facility
    March 10, 2021
    Stratos Technologies LLC (“Stratos”), a venture capital firm with expertise in financing, operating, and advising technology businesses, today announced it has secured leverage through a first-out participation structure with WebBank in an asset-based revolving credit facility to one of its financial technology (FinTech) portfolio clients.
  • Goba Capital Inc. Closes its Inaugural Credit Facility Arranged by FCL Capital Partners
    March 10, 2021
    Goba Capital Inc. recently closed its inaugural Senior Credit Facility to support the significant growth of its portfolio and provide flexibility to execute on its strategic plan. FCL Capital Partners arranged the financing and acted as Goba's exclusive financial advisor. Goba Capital Inc. recently closed its inaugural Senior Credit Facility to support the significant growth of its portfolio and provide flexibility to execute on its strategic plan. FCL Capital Partners arranged the financing and acted as Goba's exclusive financial advisor.
  • The Very Good Food Company Announces Signing of Committed C$70 Million Credit Facility Non-Binding Term Sheet with Prominent Institutional Investment Firm
    March 9, 2021
    The Very Good Food Company Inc. (CSE: VERY) (OTCQB: VRYYF) (FSE: 0SI) ("VERY" or the "Company") is pleased to announce that it has executed a non-binding term sheet (the "Term Sheet") with a prominent institutional lender for a committed C$70 million senior secured Credit Facility (the "Credit Facility").
  • MHH Robert Cohen To Present At NEFA Virtual Finance Summit
    March 9, 2021
    Moritt Hock & Hamroff (MH&H) announced today that Robert S. Cohen will be presenting at the 2021 Virtual Finance Summit hosted by the National Equipment Finance Association (NEFA) on March 16 and 17, 2021. Cohen will be a featured panelist for a one-hour session in NEFA’s Education and Technology track entitled “Documentation in the Post-COVID World (E-notary/eDocs/Vaulting/Signer Verification).”
  • SG Credit Partners Provides $3.2MM Unitranche Loan - Collateral Based Term Loan A + Cash Flow Based Term Loan B
    March 9, 2021
    SG Credit Partners provided a unitranche loan to a Midwest-based specialty retailer of mattresses and accessories. The Company sells through 50+ stores as well as its Company-owned DTC eCommerce channel. SG provided a comprehensive solution by funding two tranches of term loans.
  • Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in February
    March 9, 2021
    Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in February. The first, a $5,000,000 limit to a designer, importer, and distributor of patio and home furnishings that sells throughout the US and Canada. The second was a $1,000,000 limit to a technology solutions provider that works primarily with public sector clients to implement ongoing technological advancements. The third was a $500,000 limit to a specialty chemical distribution company that supplies water treatment chemicals to municipalities and commercial customers.
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