Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Adam Chonich has joined the firm as a Managing Director.

The transaction refinances an existing facility with pricing linked to key sustainability initiatives measured by performance indicators that are aligned with Mercon’s long-term strategy and purpose of building a better coffee world. The new facility consists of a $250 million Origin Tranche to finance assets in Mercon’s coffee growing origin countries including Nicaragua, Brazil, Guatemala, and Honduras and a $250 million Destination Tranche to finance assets in countries coffee is destined to, such as the U.S. and European countries.

Ares Management Corporation (NYSE:ARES) today announced that a fund managed by its Private Equity Group has signed a purchase agreement to sell Farrow & Ball, a UK based manufacturer and retailer of premium paint and wallpaper, to Hempel Group. Terms of the transaction were not disclosed.

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for an Indiana-based contract manufacturing firm which provides powder coating, industrial painting, and related tubing products. The proceeds were used to fund the acquisition of the firm by a private investor.

Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, today announced a $60 million transaction providing growth capital to a Florida-based healthcare staffing resource company. The deal is the largest transaction to date in the 3-year-old firm’s history and, combined with additional first quarter transactions totaling $101 million, helped the firm more than double the value of its June 1, 2020 portfolio.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., is pleased to announce the appointment of Steve Crain as national account executive, and Jeffrey S. Whitcomb as North American construction lead for the Crestmark Equipment Finance (“CEF”) Group. They will be providing financing solutions for diverse equipment types. Crain is based in Milton Georgia, and reports to CEF Eastern Region Sales Manager, Arick Levine; Whitcomb is based in Huntington Beach California, and reports to CEF Western Region Sales Manager, Chris Emge.

White Oak Healthcare Finance, LLC (“White Oak”), today announced that it acted as sole lender and administrative agent on the funding of a $25 million asset-based senior credit facility for Aspen Skilled Healthcare, Inc. (“Aspen”). The funds will primarily be used to finance ongoing working capital. Aspen’s independent affiliates operate skilled nursing facilities (“SNF”) primarily located in the Los Angeles and San Francisco metro areas.

AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”) today announced it has provided a credit facility of $22 million to Justice Cannabis Co., a Chicago-based multi-state operator with licenses in eight states. The credit facility is designed to provide Justice Cannabis Co. with the capital necessary to purchase and complete the build out of its 72,000 square foot cultivation and processing facility, along with the buildout of a dispensary, both in Ewing, New Jersey.

CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships. The financing was arranged on behalf of Madison Marine Corp., which is partially refinancing debt on five 4,000-TEU container ships. All five vessels are covered by existing charter agreements with a leading container liner company.

CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a Capital Call Line of Credit, to Maverix Private Equity (“Maverix”). The capital call facility provides Maverix with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.

Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has entered into a new senior secured corporate credit facility ("Credit Facility") of up to $41.5 million with ATB Financial ("ATB"). This facility replaces Crown's previous $35.0 million credit facility, which had a maturity date of May 31, 2021. Crown will use the Credit Facility to fund investments, potential acquisitions and share repurchases and for general corporate purposes.

Eyenovia, Inc. (NASDAQ: EYEN), a clinical stage ophthalmic biopharmaceutical company developing a pipeline of microdose array print (MAP™) therapeutics, today announced that the company has entered into a new $25 million credit financing facility with Silicon Valley Bank (SVB).

The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted gain of 3.57% for April. The remarkable gain in the reading highlights the quickened pace of hiring efforts as small businesses engage in increased economic activity. The CBIZ SBEI tracks payroll and hiring trends for over 3,500 companies that have 300 or fewer employees, providing broad insight into small business trends.

A medical staffing company in Kentucky has chosen TAB Bank for a $500 thousand revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company provides staffing services for all nursing specialties, advanced practice, physicians, therapy, and more.

LSQ, a leading provider of technology-driven working capital solutions, announced the origination of an $11 million credit facility for an award-winning manufacturing company located in the Lone Star State. The manufacturer is scaling and requires a reliable source of working capital via accounts receivable and inventory financing to fulfill contracts with Fortune 500 retailers.

Xeris Pharmaceuticals, Inc. (Nasdaq: XERS), a specialty pharmaceutical company leveraging its novel formulation technology platforms to develop and commercialize ready-to-use injectable and infusible drug formulations, today announced that it has entered into an amendment to its existing loan and security agreement with Oxford Finance LLC (Oxford) and Silicon Valley Bank (SVB).

Boundary Street Capital ("Boundary Street"), a private credit investment manager focused exclusively on the digital infrastructure, enterprise software and technology services sectors, announces the final close of BSCP SBIC I, LP (the "Fund"), securing more than $330 million in capital commitments.

Versant Funding LLC is pleased to announce it has funded a $900,000 non-recourse factoring facility to a distributor of PPE including, face coverings, hand sanitizer and wipes. This recently formed company was experiencing increasing demand for its product line and required access to working capital to continue to meet customer expectations.

Accuray Incorporated (NASDAQ: ARAY) today announced it has entered into a new five-year $80 million term loan and $40 million revolving credit facility with Silicon Valley Bank and a syndicate of banks (the "New Credit Facility"). Silicon Valley Bank acted as administrative agent and sole bookrunner for the New Credit Facility. The New Credit Facility is comprised of three total participants, including Silicon Valley Bank, HSBC Bank USA, N.A. and Comerica Bank.

Marco Capital Inc. established a factoring facility for a processor and marketer of Persian limes, which are grown and processed on their farms located in Veracruz, Mexico facility and distributed from their facility in Pharr, Texas. The company sought factoring in order to continue their growth as they distribute their produce throughout the US and Canada.