Forward Financing, a national provider of revenue-based financing to small businesses, announced that the company closed a $250 million credit facility led by one of the company's current capital providers.

Paya Holdings Inc. (NASDAQ: PAYA) (“Paya” or the “Company”), a leading provider of integrated payment and commerce solutions, today announced plans to refinance its outstanding $228 million term loan facility due 2027 and $25 million revolving credit facility due 2025.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Toms Sierra Company, Inc. (“Sierra” or the “Company”) on the sale of thirteen (13) of the Company’s sixteen (16) petroleum marketing and convenience retail stores to an undisclosed buyer (“Buyer”). The Company’s stores are located outside Sacramento, California, in the surrounding foothills of the Sierra Nevada mountain range, and operate under the Sierra Express brand name.

Portage Point Partners, a business advisory and interim management firm, has significantly enhanced its consumer retail practice with the addition of a team of executives that have helped transform global retail, including Managing Directors Tom Park and Glenn McMahon and Senior Advisers Michael Feurer and Gerry Rittenberg.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided a unitranche facility to Nurture Landscapes, a UK-based B2B provider of grounds maintenance, landscaping, and winter gritting services.

KKR is making its investment in Atlantic Aviation primarily through its Global Infrastructure Investors and Core Investments strategies. Lazard and Evercore acted as financial advisors and White & Case acted as legal advisor to MIC in connection with the sale of Atlantic Aviation. Jefferies LLC served as financial advisor and Kirkland & Ellis as legal advisor to KKR.

Cerecor Inc. (NASDAQ: CERC), a biopharmaceutical company focused on becoming a leader in the development and commercialization of treatments for rare and orphan diseases, today announced that it has entered into a debt financing agreement led by Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”) to provide up to $35.0 million in term loans.

Dave, the banking app on a mission to create financial opportunity that advances America’s collective potential, and VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) (“VPCC”), a special purpose acquisition company sponsored by Victory Park Capital (“VPC”), today announced that they have entered into a definitive agreement for a business combination that will result in Dave becoming a publicly traded company listed under the ticker symbol “DAVE,” with an expected pro forma, fully-diluted equity value of approximately $4 billion, assuming no redemptions.

Axiom Bank, N.A., a Maitland-based, leading community bank, has expanded its team with the hiring of John Wattinger as Senior Account Executive in its factoring and asset-based lending division in Dallas. Wattinger brings more than 35 years of experience in commercial, middle market, asset-based lending and factoring. In this new role with Axiom’s Allied Affiliated Funding division, he will oversee a portfolio of client accounts while also managing the development and underwriting of new credit requests.

Iroquois Industrial Group and Big Shoulders Capital are making a major investment in Savannah Industrial Solutions to add new capabilities for the manufacturer of custom metal, stone, wood and refrigeration products for the restaurant, food service, healthcare, telecommunications, municipal and other markets as well as creating new jobs in Savannah, Tennessee.

Winston & Strawn represented Longshore Capital Partners, a Chicago-based private equity firm, in its strategic investment in Stuzo, the leading provider of intelligent 1:1 loyalty, contactless commerce, and cross-channel customer experience solutions for Everyday Spend Retailers.

On Wednesday, June 2, 2021, Yieldstreet announced its Series C funding round of $100M. For the last six years, Yieldstreet has been committed to providing its origination partners with a one-stop solution for capital, providing true flexibility and reliable execution. For the next ten years, its aim is to continue to expand its offerings with partners and be a select partner for capital.

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced it has extended the maturity date of the loan agreement of the company’s existing credit facility led by PNC Bank, N.A. to May 2026 – including amendments which further enhance the company’s strong liquidity base. The credit facility amount remains unchanged, with an aggregate facility of approximately $269 million – consisting of a $238.62 million revolver and a $30 million term loan facility.

Business executives are predicting the economy will roar back in the coming year, with revenue and profit growth expectations not seen since 2018, according to the second-quarter AICPA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to TPS Holdings, LLC d/b/a The Paper Store (“TPS” or the “Company”) in the sale of substantially all of its assets to TPS Group Holdings, LLC. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Massachusetts. The transaction closed in September 2020.

WebBank today announced it has joined Synovus Bank, Specialty Finance Division (“Synovus”) to provide additional commitment in an asset-based revolving credit facility to AB Private Credit Investors Corporation, a subsidiary of AllianceBernstein, which is one of the world’s largest investment management and research firms with approximately $724 billion in assets under management.

Customers Bank, a digital forward super-community bank with approximately $18.8 billion in assets, has hired Joseph M. Pennini as Managing Director and Head of Fund Finance. Pennini will expand the bank’s private equity lending practice and grow its treasury services business as part of its continued national expansion effort.

Bank of America has named David Bader as President of Bank of America Austin. Bader succeeds Nikki Graham, who announced her retirement after 27 years of service at the bank. As Austin president, Bader will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to companies, families and individuals across Central Texas. He will also lead the effort to deploy Bank of America’s resources to address social concerns, strengthen economic opportunity, and build strong communities, as well as support the health, safety and engagement of local teammates.

Bridge Bank today announced the closing of a $25 million credit facility with Targeted Lease Capital LLC (TLC), a Williamsville, New York-based company that provides equipment finance loans to small businesses. Bridge Bank partnered with Ogden, Utah-based TAB Bank to increase the credit facility, which will be used to support TLC's lending platform.

Republic Capital Access is pleased to announce that Matt Stavish has been promoted to Senior Vice President. Katie Bilek, former Senior Vice President, will move full time to govmates, where she is a Founder and Partner, and will serve on Republic’s Executive Board.