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  • Black Olive Closes $1.5MM Inventory Loan to Amazon Seller
    February 10, 2021
    Black Olive recently provided an inventory revolving line of credit in the amount of $1.5MM to a business selling through an e-commerce platform. The Borrower manufactures and sells products in the HVAC industry. The Borrower generates most of its revenues by selling on e-commerce platform, Amazon.
  • CIT Arranges $10.1 Million Loan for Nebraska Office Building
    February 10, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business arranged $10.1 million in financing for construction of a new owner-occupied office building in Fremont, Nebraska. The borrower, WLG Fremont LLC, will use the financing to construct a 54,000-square-foot office building to serve as the new headquarters for RTG Medical, a veteran-owned healthcare staffing agency supporting medical facilities nationwide.
  • Business Capital Delivers $15 Million in Secured Credit Facilities to West Coast Leader in Traffic Control Systems
    February 10, 2021
    BIZCAP® (Business Capital Since 2002) structured and delivered a $15MM asset-based revolving credit facility in addition to an owner-user real estate financing package from syndication participants to one of the largest providers of temporary traffic control services on the west coast. The Company is engaged primarily with major utility companies, municipalities, and construction firms to ensure a safe work environment with signage, vehicles, equipment and staff, both in rural and urban settings. The new credit facilities will provide working capital and enable continued investment in technology, systems and infrastructure to improve operations and support growth.
  • Cahill Announces New Partner Elections
    February 9, 2021
    Cahill Gordon & Reindel LLP announced today that Patrick Gordon and Stephen Harper have been elected to the partnership in Cahill's New York office. In addition, the Firm announced that Prudence Criddle and Warren Newton have joined its London office as partners.
  • Pinnacle Capital Finance Provides a $4 Million Line of Credit to a Southern California Energy and Environmental Service Provider
    February 9, 2021
    Pinnacle Capital Finance is proud to announce the issuance of a $4MM asset-based line of credit to a veteran owned, Southern California based energy service provider. The company provides engineering & consulting services to various sectors, including oil, natural gas, rail, highway infrastructure, public supported projects as well as international, federal, state and local governments.
  • Belk Reaffirms Its Plan to Complete a "Pre-Packaged, One Day" Reorganization
    February 9, 2021
    Kirkland & Ellis LLP is serving as legal adviser, Lazard is serving as financial adviser, and Alvarez & Marsal North America, LLC is serving as restructuring adviser to Belk. Latham & Watkins LLP is serving as legal advisor to Sycamore Partners. Willkie Farr & Gallagher LLP is serving as legal advisor and PJT Partners LP is serving as financial advisor to the Ad Hoc Crossover Lender Group and O'Melveny & Myers LLP is serving as legal advisor and Evercore is serving as financial advisor to the Ad Hoc First Lien Lender Group.
  • Cineplex Announces Amendment to Credit Facility
    February 9, 2021
    Cineplex Inc. ("Cineplex" or the "Company") (TSX: CGX) announced today that it has entered into a third amendment (the "Third Amendment") to the seventh amended and restated credit agreement with its lenders. The Third Amendment provides for, among other things, the continued suspension of financial covenant testing until the fourth quarter of 2021 upon certain conditions being met, including completion of a minimum $200 million financing by the Company of second lien secured notes on or prior to March 31, 2021 with a maturity of at least five years.
  • Ortho Clinical Diagnostics Amends Credit Agreement to Extend Maturity and Increase Borrowing Capacity Under its Revolving Credit Facility
    February 9, 2021
    Ortho Clinical Diagnostics Holdings plc (Nasdaq: OCDX) ("Ortho"), one of the world's largest pure-play in vitro diagnostics companies, today announced that certain of its subsidiaries successfully amended their June 30, 2014 credit agreement (the “Credit Agreement”) on February 5, 2021. The amendment increases the revolving credit facility under the Credit Agreement by $150 million to an aggregate amount of $500 million and extends the maturity date to February 26, 2026, provided that such date may be accelerated subject to certain circumstances.
  • Playa Hotels & Resorts N.V. Announces Amendments of Credit Facilities, Extension of Revolving Credit Facility Maturity and Extension of Covenant Relief Periods
    February 9, 2021
    Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit agreements are replaced with a minimum liquidity test. The Company entered into the Fifth Amendment to its Amended & Restated Credit Agreement (the "Fifth Amendment") with Deutsche Bank AG New York Branch, as Administrative Agent and lender
  • Encina Lender Finance Provides $25 Million Senior Credit Facility to Lago Innovation Fund I, L.P.
    February 9, 2021
    Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $25 million senior credit facility to an affiliate of LAGO Innovation Fund I, L.P. (“LAGO”), which provides venture debt financing to a range of high-growth companies participating in the “Innovation Economy”.
  • Hedaya Capital is Pleased to Announce a Factoring Facility for a Wisconsin Paper Mill Projected to do $45 Million in Sales in 2021
    February 9, 2021
    Hedaya Capital is pleased to announce a Factoring and Inventory Facility provided to a well-known Wisconsin paper mill purchased by an investor and management group. Due to the impact of Covid-19 on its business, the mill struggled to stay afloat and abruptly closed, laying off over a hundred workers. Things turned around when a new buyer emerged and Hedaya Capital was able to provide flexible financing to support the venture. The mill produces paper products used in the manufacturing of corrugated boxes and for other commercial applications.
  • Citizens Advises Candid Partners on its Sale to McKinsey & Company
    February 9, 2021
    Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Candid Partners, a leading tech-enabled, multi-cloud consulting firm, on its sale to McKinsey & Company, a global management consulting firm. Founded in 2013 in Atlanta, Candid is the largest independent dedicated cloud consulting firm in the United States. The company has deep, technical expertise across Amazon Web Services, Microsoft Azure and Google Cloud Platform.
  • SG Credit Partners Provides $6 Million Guarantor Based Loan
    February 9, 2021
    SG Credit Partners provided a $6 million guarantor-based loan for a single-asset real estate holding company operating as a subsidiary of a broader multi-family / student housing real estate syndication portfolio. The Company needed capital quickly to execute on additional portfolio purchases and support working capital at the parent level, where COVID-19 restrictions had temporarily affected occupancy rates at some of the student housing assets.
  • Eastland Shoe Corp. Secures $5 Million Credit Facility from Cambridge Savings Bank
    February 9, 2021
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced it has recently extended a new credit facility for Freeport, Maine-based Eastland Shoe Corp. By taking the time to understand the company’s unique needs and challenges, CSB’s Asset-Based Lending team created a custom solution for Eastland that will enable the company to refinance existing debt, as well as provide additional liquidity that the company will utilize to support multiple growth initiatives.
  • Splitit Secures $150M Facility from Goldman Sachs
    February 8, 2021
    Splitit Payments Limited (“Splitit” or the “Company”) (ASX:SPT), a global payment solutions provider, announces that it has signed a US$150 million receivables funding facility with Goldman Sachs Bank USA to support the expansion of its business. The new three-year revolving facility complements the Company’s strong balance sheet and is a key element of its growth and capital management strategies for 2021 and beyond. The facility is lower cost than Splitit’s existing funding and its use is expected to increase Splitit’s gross margins over time.
  • AECOM Amends and Extends its Credit Facility and Links Borrowing Cost to Sustainability and Diversity Goals
    February 8, 2021
    AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, today announced that it has executed an amendment to its existing senior secured credit facilities. The amendment extends the maturity of the facilities to 2026 and reduces the Company’s borrowing costs, which is aligned with the needs of the Professional Services business. The amended facilities consist of a $1.15 billion revolving credit facility and a $247 million Term Loan A U.S. facility.
  • QueensGiant Advises on $55 Million Senior Credit Facility for Consumer Lease Company
    February 8, 2021
    QueensGiant, a specialty boutique investment bank focused on Lender Finance and Fintech, announced it help arrange a $55 million senior credit facility for a purchase finance company. This new facility will help refinance existing debt as well as offer increased capacity to finance consumer purchases at the point-of-sale.
  • Oxford Finance Provides $23.5 Million Credit Facility to Prosper Life Care
    February 8, 2021
    Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $23.5 million senior credit facility and revolving line of credit to Prosper Life Care Inc. ("Prosper Life" or “the Company), a management company with over three decades of combined experience in healthcare, Prosper Life specializes in assisted living and memory care.
  • Armstrong Teasdale Adds Over 50 Lawyers and Staff in London
    February 8, 2021
    Armstrong Teasdale proudly announces the acquisition of London firm Kerman & Co., effective Feb. 5, 2021. The addition of over 50 lawyers and staff bolsters Armstrong Teasdale’s roster to over 340 lawyers and over 300 staff professionals around the world.
  • Summit Hotel Properties Successfully Completes Credit Facility Amendments To Extend Covenant Waiver Period and Enhance Flexibility
    February 8, 2021
    Summit Hotel Properties, Inc. (NYSE: INN) (together with its consolidated subsidiaries, the "Company") today announced that it has amended the credit agreements for its $400 million revolving credit facility and three senior term loans totaling approximately $550 million to enhance overall flexibility and extend the financial covenant waiver period through March 31, 2022, unless terminated earlier at the Company's option.
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