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  • Tailored Brands Announces $75 Million in New Financing to Continue to Advance Strategic Plans
    March 8, 2021
    Tailored Brands, Inc. (the “Company”) today announced the closing of a $75 million investment by a group of existing shareholders and lenders. The financing consists of $50 million of mandatorily convertible notes and $25 million in additional senior secured debt. This transaction will provide additional liquidity for the Company as it continues to advance its strategic plans to ensure it is best positioned to meet the evolving needs of its customers following the COVID-19 pandemic, and demonstrates the continued commitment of its investors to the long-term success of the Company.
  • Stonebriar Commercial Finance Closes a $50 Million Lease
    March 8, 2021
    Stonebriar Commercial Finance (“Stonebriar”), a large-ticket independent diversified commercial finance and leasing company, announced the closing of a $50 million sale and leaseback of certain casting furnaces and metal fabrication equipment with a leading aerospace parts producer of structural castings and engine components. The lease proceeds provide the company with additional liquidity for general corporate purposes as it navigates through the recently challenging market conditions.
  • North Mill Upsizes Investment Grade Bond Issuance to $25 Million
    March 8, 2021
    North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in Norwalk, Connecticut, announced today the upsizing of its existing investment-grade rated corporate notes to $25 million. The company intends to use the net proceeds from the transaction for working capital and general corporate purposes to support additional growth.
  • MidCap Business Credit Closes $5 Million Asset-Based Revolving Line of Credit
    March 8, 2021
    MidCap Business Credit announced today they have closed on a $5,000,000 asset based revolving line of credit for a designer and extruder of foam products and components used in a variety of industries.
  • HPD LENDSCAPE Renews Commitment to Spanish Market by Becoming Official Member of the Spanish Association of Factoring
    March 8, 2021
    HPD Lendscape, a leading international secured-lending platform vendor, today announces that it has become an official member of The Spanish Association of Factoring (AEF). The announcement comes at a time when HPD Lendscape is particularly focused on serving the Iberian market, having just launched a new Spanish-language website.
  • TCF’s Inventory Finance Selected as Speed UTV’s Exclusive Floor Plan Financing Provider
    March 8, 2021
    TCF National Bank’s inventory finance subsidiary was named the exclusive floor plan financing provider for powersports company Speed UTV, which is owned by Robby Gordon, a former NASCAR and IndyCar racer, and Todd Romano, Founder of DragonFire Racing.
  • H.I.G. Capital Closes $1.4 Billion Bayside Loan Opportunity Fund
    March 8, 2021
    H.I.G. Bayside Capital, the distressed debt and special situation affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with over $43 billion of equity capital under management, is pleased to announce the final closing of H.I.G. Bayside Loan Opportunity Fund VI (the “Fund”). The Fund closed with aggregate capital commitments of $1.4 billion,* exceeding its target.
  • Alma Bank Announces New Chief Lending Officer
    March 8, 2021
    Alma Bank is pleased to announce the appointment of Hugh Donlon as Executive Vice President and Chief Lending Officer. Mr. Donlon will set the strategic direction of the Bank’s lending efforts, and oversee the management and development of all commercial real estate, commercial & industrial, residential, SBA and consumer lending.
  • Nexamp Secures $440 Million in Debt Financing for Solar and Energy Storage Portfolio
    March 8, 2021
    Nexamp, Inc., a leading renewable energy generator and community solar provider, has closed a $440 million senior secured credit facility for a 380-megawatt portfolio of solar and energy storage assets, the largest debt financing of its kind. The diverse portfolio spans five state markets and consists of nearly 100 community solar projects, including energy storage capacity totaling 120MWh. MUFG Union Bank, N.A. served as the Coordinating Lead Arranger for the syndicated financing, which included participation from an expansive group of market-leading lenders.
  • Golub Capital Provides Financing To Support Thompson Street Capital Partners’ Acquisition Of Freddy’s Frozen Custard & Steakburgers
    March 8, 2021
    Golub Capital acted as the Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a GOLD facility to finance Thompson Street Capital Partners’ (“TSCP”) acquisition of Freddy’s Frozen Custard & Steakburgers (“Freddy’s”). GOLD financings are Golub Capital One-Loan Debt facilities. Freddy’s, a fast-casual restaurant concept, is known for its All-American menu of cooked-to-order steakburgers, hot dogs, shoestring fries and frozen custard. Freddy’s was founded in Wichita, KS and today has more than 360 franchised and company-owned restaurants across 32 states.
  • Gerber Finance Provides $3MM Line of Credit to Women-Led Steel Tubing Company
    March 8, 2021
    Gerber Finance, a leading finance partner for companies experiencing accelerated growth, today announced it has provided a $3 million line of credit to Karay Metals, a women-led supplier of steel tubing. The deal was made under Gerber Finance’s core division, which services companies seeking $500,000 to $10 million in financing.
  • Petco Announces Successful Completion of Debt Refinancing Transaction, Solidifying its Capital Position and Enhancing Financial Flexibility
    March 8, 2021
    Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced that, on March 4, 2021, it completed the successful refinancing of its existing term loan facility with borrowings under a new term loan facility and entered into a new asset based revolving credit facility replacing its existing asset based revolving credit facility.
  • J D Factors Provides Factoring Facilities
    March 8, 2021
    J D Factors announced it has provided the following factoring facilities: $200,000 to a staffing company in Quebec; $150,000 to a transportation company in Texas; $75,000 to a staffing company in California; $100,000 to a transportation company in Alberta.
  • FocalPoint Advises Vitamin Discount Center on its Sale to reCommerce
    March 8, 2021
    Vitamin Discount Center (“VDC,” or, the “Company”) has been acquired by reCommerce, a portfolio company of Topspin Consumer Partners (“Topspin”). FocalPoint Securities, LLC (“FocalPoint”) served as exclusive financial advisor to Vitamin Discount Center in connection with the transaction. Vitamin Discount Center is a leading software-enabled e-commerce seller and B2B services provider to industry leading brands in the vitamins, supplements, and health and beauty industries.
  • FTI Consulting Appoints Healthcare and Life Sciences Expert Jason Shafrin as Senior Managing Director
    March 8, 2021
    Dr. Shafrin, who will be based in Los Angeles, is a leading health economist with more than 15 years of experience in applied economics research serving as an advisor and expert to healthcare and life sciences companies, governments and non-governmental organizations on policy, regulation, innovation and value issues. His experience includes projects on value assessment, alternative payment model design, discrete choice experiment survey, real-world data analysis and digital medicine.
  • Viva Capital Funding Announces Multiple New Hires
    March 8, 2021
    Viva Capital Funding is excited to announce four new hires in the fields of Account Management, Account Support, and Marketing. Viva Capital Funding has announced the following new hires and their positions: Celina Barron as Account Manager, Paco Irigoyen as Account Manager, Darlene Rosales as Account Specialist, and Sasha Landskov as Marketing Specialist.
  • WeCommerce Signs Definitive Agreement to Acquire Stamped for up to $110 Million
    March 8, 2021
    WeCommerce has obtained commitments from a syndicate of lenders led by JPMorgan Chase Bank, N.A. (collectively, the “Lenders”) to provide financing of up to an aggregate of US$77 million to partially finance the purchase price for the Acquisition. The Credit Facility is expected to consist of a revolving credit facility, a term loan facility and a delayed draw term loan facility.
  • Ribbon Communications Announces Amended Credit Facility
    March 8, 2021
    Citizens Bank, N.A., as administrative agent under the credit facility, led the amendment with our syndicate banking partners including Santander Bank, N. A., Silicon Valley Bank, JPMorgan Chase Bank, N.A., HSBC Bank USA, N.A., Bank of America, N.A., Bank of Hope, Barclays Bank PLC, M&T Bank, Citibank, N.A., and Fifth Third Bank, N.A.
  • City National Bank Creates New National Corporate Banking Division, Williams to Lead
    March 8, 2021
    City National Bank, America’s Premier Private and Business Bank®, announced today the creation of a new National Corporate Banking division. The new division will be led by Brent Williams, senior vice president, who also leads City National’s L.A. Metro Commercial Banking business unit.
  • Announcing Assembled Brands’ Partnership with Sand Cloud
    March 4, 2021
    Today, Assembled Brands is thrilled to celebrate the closing of a new revolving line of credit with Sand Cloud, an apparel & lifestyle brand devoted to a mission of saving marine life. Since launching their business in 2014, and appearing on Shark Tank, the team at Sand Cloud has been committed to saving marine life by donating 10% of their profits to charitable organizations. They have reinvented the beach towel by using the finest sustainable Turkish materials in addition to introducing premium bath towels and eco-friendly accessories like reef safe sunscreen.
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