Quasar Capital Partners, a provider of customized lending solutions for small businesses in the US and Canada with facility sizes ranging from $1,000 to $5M, today announced that John Center has been named as President. Center has spent his entire professional career in commercial finance serving in portfolio development and relationship management roles. Most recently, he served as Senior Vice President of Blacksail Capital Partners and prior to that as Vice President of client relationship management of Far West Capital.

Hilco Corporate Finance (HCF) announced today that Geoffrey Frankel has joined the organization as Chief Executive Officer. In this capacity, Mr. Frankel will be responsible for leading the growth of our corporate finance business as we expand our special situations capabilities and grow our current investment banking, valuation and strategic advisory practice by delivering strategic solutions such as recapitalization, debt restructuring, business expansion, liquidity creation, sale of a business, ownership succession, and management transition solutions.

Crossroads Financial, a leading provider of stand-alone inventory financing, has recently provided a $1.5 Million inventory revolver to a chemical processing and manufacturing company. Located in Texas, the company has been a family run business since 1970. They specialize in contract manufacturing and tolling, supplying their products to many of the world's leading chemical companies.

A renowned Midlands-based UK business, Aartee Bright Bar has a strong history in manufacturing engineering-grade steel bars to customers globally. As one of Europe’s premier bright bar producers, they provide tailored solutions and world-class quality to meet the needs of their clients. Aartee’s unique range of products include Round, Hexagon, Square, and Flat cold-drawn steel bars, distributed throughout the UK, EU, and USA.

Triumph Commercial Finance, a division of TBK Bank, SSB, is pleased to announce Jason Nichols as Senior Vice President, Business Development Officer. Based in Dallas, Nichols is responsible for sourcing $5 to $50 million asset based and lender finance deals for the Southwest and Midwest region.

Axiom Bank, N.A., a Maitland-based, leading community bank, has expanded its team with the hiring of Sul Hemani as VP, SBA Relationship Manager. In this new role, Hemani will help further grow Axiom Bank’s government-guaranteed lending program by generating new SBA and USDA loans.

SLR Credit Solutions (“SLR”) announced the closing of a $130,000,000 Senior Secured Last Out Term Loan for Revlon (the “Company”). Founded in 1932, Revlon is a leading global beauty company offering innovative and on trend products in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Elizabeth Arden, Almay, CND and American Crew.

Dwight Funding recently closed $1.5mm in funding to a leading supplier of nutritional products and superfoods. Dwight’s portfolio of growth stage businesses includes some of today’s biggest movers in the consumer-facing food space, and this recent addition is a natural extension of the lender’s foothold in the industry.

Eagle Point Credit Management LLC (“Eagle Point”), a specialist asset manager focused on investing in CLO securities, portfolio debt securities and other credit investments, has appointed Nate Morse as Head Corporate Trader, effective today. He will report to Managing Partner Thomas Majewski, and Principal and Portfolio Manager Dan Spinner.

Tivity Health, Inc. (Nasdaq: TVTY) (the "Company"), a leading provider of healthy life-changing solutions, including SilverSneakers®, today announced that it has launched the syndication of new senior secured credit facilities, comprised of a senior secured revolving facility and a senior secured term loan B facility (the "senior secured credit facilities"). Morgan Stanley, Credit Suisse and Truist Bank are acting as joint lead arrangers and bookrunners for the transaction.

DirectBooks, the capital markets consortium founded to optimize global financing markets, today announced that Scotiabank, Rabo Securities and Huntington Capital Markets have joined the DirectBooks platform. The addition of these dealers increases the sell-side participation to fifteen firms. The platform was launched in Q4 2020 with deal announcement functionality for U.S. Dollar Investment Grade issuances globally with the recent addition of Euro and Sterling deals in April 2021. Onboarding of additional underwriters and institutional investors will continue throughout 2021.

CIBC acted as the Sole Lead Arranger, Sole Bookrunner and as Administrative Agent in connection with the amended Credit Facility, with Bank of Montreal and The Bank of Nova Scotia acting as Co-Syndication Agents. The other syndicate lenders include Royal Bank of Canada and ING Capital LLC.

CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as agent and sole lender on a loan and revolving credit facility for GEE Group Inc. (NYSE American: JOB), a leading provider of professional staffing services and human resources solutions. Proceeds from the financing will be used to pay off existing debt and for general working capital purposes.

Jet Edge International (“Jet Edge” or the “Company”), a global leader in full-service private aviation responsible for operating the largest fleet of managed Challenger and Gulfstream aircraft in the United States, and KKR, a leading global investment firm, today announced that credit funds and accounts managed by KKR have agreed to provide a credit facility of up to $150 million to Jet Edge. The funding will be used to support the acceleration of the Company’s broad infrastructure, digital initiatives, Reserve membership, and comes as Jet Edge rolls out its AdvantEdge charter management platform nationwide.

Ares Commercial Finance (“ACF”) announced that it has provided a $20 million accounts receivable securitization for K&N Funding, LLC, an affiliate of K&N Engineering, Inc. (“K&N®”). K&N®, a portfolio company of funds managed by Goldman Sachs Asset Management, is an industry-leader in aftermarket automotive filtration and other performance products. The financing provides incremental financial flexibility to support the company’s future growth.

New York State Senator James Sanders, one of the driving forces behind New York’s new disclosure legislation which effects non-regulated lenders, has just proposed new legislation requiring mandatory licensing of certain non-regulated small business lenders and business brokers who do business with commercial enterprises located in the State of New York. In summary, non-regulated lenders or business brokers engaged in “making or soliciting” “commercial financing products” to commercial enterprises located in New York State are to be required to be licensed by the State of New York if the loans or advances, including even a single advance, is in the principal sum of $500,000 or below.

Construction startup Katerra Inc, which is backed by SoftBank Group Corp, said on Sunday it has filed for bankruptcy protection in the United States. Katerra said it had secured commitments for $35 million in debtor-in-possession (DIP) financing from SB Investment Advisers (UK) Limited to fund operations during the Chapter 11 process, adding that the company’s international operations are not affected by this filing.

Over the coming months, PNC and BBVA USA will continue to operate as separate entities and brands while working together closely to ensure a smooth transition for BBVA USA employees and customers. PNC Bank, N.A. announced new appointments Monday to the leadership team for Alabama, led by Nick Willis, who will continue in the role of regional president for Northern and Central Alabama.

The Very Good Food Company Inc. (TSXV: VERY) (OTCQB: VRYYF) (FSE: 0SI) ("VERY GOOD" or the "Company"), a leading plant-based food technology company, is pleased to announce that it has entered into a loan agreement (the "Loan Agreement") for a senior secured credit facility (the "Credit Facility") with Waygar Capital Inc. ("Waygar Capital" or the "Lender"), as agent for Ninepoint Canadian Senior Debt Master Fund L.P. ("Ninepoint Partners"). The Credit Facility consists of a C$20 million revolving line of credit and a C$50 million term loan.

Lux Speed, a Florida-based fiber and managed Wi-Fi provider announces a credit line of fifty million dollars with CSC Leasing. Anacostia Ventures lead the discussions and ultimately secured the line for Lux Speed. "CSC is a premier capital partner and a perfect fit for Lux Speed's advanced offering" said Steve Canton, Senior Partner at Anacostia Ventures.