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  • Sterling National Bank Provides $16,500,000 in Senior Secured Credit Facilities to a North Texas Domino’s Franchisee
    May 17, 2021
    Sterling National Bank’s Franchise Group provided senior secured credit facilities totaling $16,500,000 to a North Texas based Domino’s Pizza franchisee. The credit facilities are being used to refinance existing debt and support an acquisition.
  • New Organizational Design for Wells Fargo’s Consumer & Small Business Banking
    May 17, 2021
    Wells Fargo & Company’s (NYSE: WFC) CEO of Consumer & Small Business Banking (CSBB) Mary Mack announced today the structure and leaders of her organization. This organizational structure is designed to focus on customers and their needs, improve customer experiences through simplified products and new digital capabilities, improve the skills and effectiveness of employees, and improve efficiency, all while building a foundation of strong risk and controls.
  • Columbus McKinnon Completes Successful Debt Refinancing
    May 17, 2021
    Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that the Company has entered into a covenant-lite term loan credit agreement, providing a Term Loan B Facility (“the Facility”) of seven years in the amount of $450 million. The interest rate under the new Facility will be determined based on LIBOR plus 2.75% with a 0.5% LIBOR floor and an issue price of 99.75.
  • Glatfelter Completes Acquisition of Georgia-Pacific’s U.S. Nonwovens Business
    May 17, 2021
    Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced it has completed the previously announced acquisition of Georgia-Pacific’s U.S. nonwovens business for $175 million, subject to customary purchase price adjustments. Credit Suisse acted as Glatfelter’s financial advisor in connection with the transaction, and Shearman & Sterling LLP as its legal advisor.
  • CIT Provides $35.7 Million Financing for Brooklyn Apartment Development
    May 17, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $35.7 million in financing for the construction of a new 17-story multifamily development in the Clinton Hill section of Brooklyn. The building, which will house 138 mixed-income rental units, is located at 230 Classon Avenue, on the corner of Willoughby Avenue in Clinton Hill. The one- and two-bedroom units will all have balconies and 30% of the units will be offered as affordable income rentals.
  • Lakeview Energy Closes a $50 Million Capital Partnership with Orion
    May 17, 2021
    Lakeview Energy, LLC. (“Lakeview”) announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners, L.P. (“Orion”) to fund process upgrades at its existing 55 million gallon per year biorefinery in Coshocton, Ohio (the “Plant”). The capital investment will provide energy savings to Lakeview and support a long-term offtake agreement with an industry leading producer of hand sanitizer and other hygiene products. Under this strategic arrangement, Lakeview will supply the offtaker with low carbon United States Pharmacopeia (“USP”) grade ethyl alcohol for use in its various product lines.
  • First Business Bank's Asset-Based Lending Group Closes $9 Million Credit Facility
    May 14, 2021
    Brian Banning, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $9 million revolving line of credit facility and real estate term loan for a musical instrument sales and service company in Michigan.
  • FocalPoint Advises UV Resources on its Sale to Madison Industries
    May 14, 2021
    UV Resources, LLC (“UVR” or the “Company”), a designer and manufacturer of industrial lighting and technology solutions, has been acquired by Madison Industries (“Madison”). Specific terms of the transaction were not disclosed. FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to UVR.
  • Crestmark, the Commercial Finance Division of MetaBank, Provides More Than $16.9 Million in Commercial Financing to 78 Businesses in the Second Half of April
    May 13, 2021
    Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $5,400,000 in ABL/factoring financial solutions for nine new clients; Crestmark Equipment Finance provided $5,707,263 in 22 new transactions; Crestmark Vendor Finance provided $4,865,488 in 45 new transactions; and the Government Guaranteed Lending group provided $980,000 in financing for two new clients in the second half of April.
  • KeyBank Forms Strategic Alliance With XUP To Transform Merchant Services
    May 13, 2021
    KeyBank today announced its strategic affiliation with an equity investment in XUP Payments ("XUP"), a leading payments innovator, to deliver a digital and physical merchant services experience that provides an end-to-end streamlined process for sales, onboarding, activation, and servicing.
  • Axalta Announces Amendment to Revolving Credit Facility
    May 13, 2021
    Axalta (NYSE: AXTA), a leading global coatings company, today announced it has entered into a Tenth Amendment to its Credit Agreement in order to, among other things, increase commitments available pursuant to the revolving credit facility, which is currently undrawn, from $400.0 million to $550.0 million and extend the maturity of the revolving credit facility to 2026. The Tenth Amendment is supported by a lending syndicate arranged and led by Barclays Bank PLC, as administrative and collateral agent.
  • JLL Capital Markets Adds Debt Industry Veteran Tony Nargi to its Denver Office
    May 13, 2021
    JLL Capital Markets announced that it has added Tony Nargi as a Managing Director within its multihousing debt and equity placement team in Denver, Colorado. Nargi has 15 years of real estate experience and a strong background in originating and managing multi-housing real estate debt and equity transactions.
  • Mountain Province Diamonds Announces US$33.0 Million Term Loan
    May 13, 2021
    Mountain Province Diamonds Inc. today announces that it has amended and restated its credit agreement with Dunebridge Worldwide Ltd., as lender, adding a US$33.0 million term loan facility to its existing US$25.0 million revolving credit facility. In connection with this transaction, the Company was advised by its financial advisor Lazard Canada. Bennett Jones LLP acted as counsel to the Company and Stikeman Elliott LLP acted as counsel to the Independent Directors.
  • Globus Maritime Limited Announces Closing of $34.25 Million Loan
    May 13, 2021
    Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, has successfully closed the refinancing of its six vessels through a Term Loan Facility with CIT Bank, N.A., the majority proceeds of which were used to repay the Company’s loan facility with EnTrust Global’s Blue Ocean Fund.
  • CIBC Innovation Banking Provides Vertu Capital with a Capital Call Line of Credit
    May 13, 2021
    CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a Capital Call Line of Credit, to Vertu Partners Fund I L.P. (“Vertu Fund I”), a private equity fund managed by Vertu Capital (“Vertu”). The capital call facility provides Vertu Fund I with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.
  • Monroe Capital Supports Formation of Magnolia Wash Holdings
    May 13, 2021
    Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the formation of Magnolia Wash Holdings (“Magnolia”) via the acquisitions of Oasis Express (“Oasis”) and Wash Factory by Express Car Wash, LLC (“Express”).
  • Leland Richards Joins Adams Street as Partner to Support Private Credit Growth
    May 13, 2021
    Adams Street Partners, LLC, a private markets investment management firm with $45 billion of assets under management, announced today that Leland Richards joined the firm as a Partner on the Private Credit Team on April 30, 2021. Mr. Richards will support all aspects of the decision-making process of the Private Credit Team, including sourcing, structuring, performing due diligence, and negotiating investment opportunities as well as helping shape the strategic direction of the business.
  • Bank of America Names Kieth Cockrell as President of Charlotte
    May 13, 2021
    Bank of America has named Kieth Cockrell as president of Bank of America Charlotte. Cockrell succeeds Charles Bowman, who has served as Charlotte market president since 2007. Bowman will continue in his role as President of North Carolina. He will also lead the expansion of the bank’s Leader-on-Loan Program, an industry-leading initiative which embeds a key employee with a non-profit or educational partner to help provide leadership and strategic guidance.
  • Derrich Rodriguez Joins PlainsCapital Bank’s Growing San Antonio Lending Group
    May 13, 2021
    PlainsCapital Bank today announced that Derrich Rodriguez has joined its San Antonio lending group as senior vice president and senior commercial loan officer at 70 North East Loop 410, Suite 100.
  • Amalgamated Financial Corp. Appoints Priscilla Sims Brown Chief Executive Officer
    May 13, 2021
    Amalgamated Financial Corp. [Nasdaq: AMAL] (“Amalgamated” or the “Company”), America’s socially responsible bank, today named Priscilla Sims Brown its next President and Chief Executive Officer. Ms. Brown will join Amalgamated on June 1, 2021 from Commonwealth Bank, Australia’s largest bank, where she serves as Group Executive, Marketing and Corporate Affairs, with responsibility for end-to-end marketing, branding, stakeholder insights, government and public affairs, and environment and social policy.
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