Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support add-on acquisitions and a refinancing for Cerity Partners (“Cerity” or the “Company”), a portfolio company of funds affiliated with Lightyear Capital LLC. Founded in 2009, Cerity Partners is a leading national independent financial advisory firm serving high-net-worth individuals and their families, businesses and their employees, and non-profit organizations from its offices across the U.S.

Pacific Western Bank announced today it has acquired Civic Financial Services, LLC, (“CIVIC”), from Wedgewood, Inc. (“Wedgewood”). Headquartered in Redondo Beach, CA, CIVIC is one of the leading institutional private lenders in the United States specializing in residential business-purpose loans (BPLs). Terms of the agreement were not disclosed.

LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support LightBay Capital's investment in Rancho Family Medical Group ("Rancho Family"). The investment from LightBay will allow Rancho Family to invest in new and existing care centers, as well as additional technology tools, which will facilitate the Company's continued growth.

Robbins, Salomon & Patt, Ltd. (RSP), a full-service law firm in the Chicagoland area, is pleased to announce that Andrew M. Sachs, Chief Operating Officer, has taken the firm’s reins as Chief Executive Officer effective January 1, 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 $47 million senior credit facility to Averhealth (or “the Company”), a provider of substance use testing and monitoring services tailored to the unique needs of courts and social service agencies. Averhealth is a portfolio company of Five Arrows Capital Partners (“Five Arrows”), the PE investment strategy of Rothschild & Co., a global advisory and asset management company.

First Business Bank announces the closing of a $15 million Ledgered Line transaction by its Accounts Receivable Financing group. The facility includes a $4 million sub-limit against “unbilled A/R” and a $2 million short term over-advance sub-limit. Our new client provides international freight forwarding services. The company is experiencing exceptional growth, so its cash needs are outpacing its continued profitability.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Flip Electronics, LLC on its recapitalization by O2 Investment Partners, a Bloomfield Hills, Mich.-based lower middle market private equity firm. Flip Electronics is a Roswell, GA-based specialty distributor of end-of-life (“EOL”), obsolete and hard-to-find electronic components used in military, aerospace, telecommunications, healthcare and industrial applications. Flip’s purpose-built model, leveraging authorized partnerships with the world’s top semiconductor manufacturers, solves complex supply chain challenges created by component obsolescence.

Gemino Healthcare Finance is pleased to announce it has provided financing to a skilled nursing and rehabilitation operator in December 2020. The $5 million financing was an asset-based revolving line of credit.

Sterling National Bank's Commercial Services Group provided secured credit facilities totaling $30,000,000 to a nationwide importer and distributor of consumer electronic appliances.

Marco Financial established a factoring facility for a New York based staffing company specializing in providing law firms with temporary legal personnel. Offering terms to its customers was stretching out cash flow and limiting the company’s growth. The client appreciated the quick turnaround time to open this account and said, “Marco seems to have things well under control, performing its due diligence and getting us our first funding efficiently.”

Francesca’s Holdings Corporation (the “Company”) and Francesca’s Acquisition LLC, an affiliate of TerraMar Capital LLC (“TerraMar”), today announced, after a fulsome auction and sale process under Section 363 of the United States Bankruptcy Code, that it completed the sale of substantially all of francesca’s® assets, including all inventory and the francesca’s® brand, to Francesca’s Acquisition LLC, Tiger Capital Group LLC (“Tiger”) and SB360 Capital Group, LLC (“SB360”).

Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, has received $175 million of commitments from three leading commercial banks to finance the development of its Double E Pipeline Project ("Double E"). The lenders have committed to provide senior secured credit facilities consisting of a $160 million delayed draw term loan facility and a $15 million working capital facility (collectively, the "Credit Facilities"). The Credit Facilities are non-recourse to SMLP and mature seven years after the date of initial borrowing.

Theragun®, Inc. d/b/a Therabody™ (“Therabody” or the “Company”) has announced the successful closing of a debt refinancing with JPMorgan Chase ("JPMorgan"). FocalPoint Securities, LLC (“FocalPoint”) served as Therabody’s exclusive financial advisor on the transaction. Therabody is a global innovator of wellness technology and the creator of the world’s first-ever percussive therapy device, Theragun, which is used to treat muscle tension, accelerate recovery, and improve athletic performance.

Landec is a diversified health and wellness solutions company with two operating businesses: Curation Foods is an innovator and distributor of plant-based foods to retail, club and foodservice channels throughout North America. Curation Foods brands include Eat Smart® fresh packaged vegetables and salads, O Olive Oil & Vinegar® premium artisan products, and Yucatan® and Cabo Fresh® avocado products. Lifecore Biomedical is a fully integrated contract development and manufacturing organization (CDMO) that offers highly differentiated capabilities in the development, fill and finish of sterile, injectable pharmaceutical products in syringes and vials for global and emerging biopharmaceutical and biotechnology companies.

Lighthouse Financial Corp. is pleased to announce the completion of a $1,050,000 term loan secured by machinery and equipment in conjunction with a term extension on the existing $3,500,000 line of credit for a froze foods manufacturer. Also included in the transaction is a seasonal line increase to $4,500,000 to support holiday season sales.

The chief economists of North America’s largest banks see improvement in business and consumer credit market conditions over the next six months, according to a new quarterly report from the American Bankers Association. The Q1 2021 ABA Credit Conditions Outlook highlights the results of the ABA Credit Conditions Index. The report represents a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee, which is comprised of chief economists from major banking institutions across North America. Readings above 50 indicate that, on net, the economists expect business and household credit conditions to improve, while readings below 50 indicate a deterioration.

LSQ, a leading provider of technology-driven working capital solutions, announced that the company originated a $3 million facility for a growing manufacturer to the U.S. government. The injection of capital via invoice financing will facilitate the acquisition of essential resources so that the manufacturing company can scale to meet the sizable demand implicit with their designation as a government contractor.

Cogent Bank announced today that its Specialty Lending Group has surpassed $100MM in loan commitments in less than 30 months. Mike Skat, executive vice president of Cogent Bank’s Specialty Lending Group, created a roadmap for how Cogent’s Specialty Lending Group would operate and established aggressive growth goals. During a very difficult 2020, Skat and his team worked hard to not only to grow their portfolio, but also assist with necessary liquidity support for existing borrowers through the PPP loan program and certain restructurings.

Express Trade Capital Inc,. is pleased to announce a new $5MM letter of credit facility to assist the production of PPE. The client – an apparel industry mainstay – was using our factoring and PO funding facilities for several years before pivoting to produce PPE during COVID. The client needed to fulfill immediate orders and replenish stock but was uncomfortable leaving large deposits overseas before ensuring that goods were produced and passed quality inspections.

Maxim Commercial Capital (“Maxim”) today announced it funded transactions ranging from $10,000 to $1.5 million for borrowers in 42 states during 2020. The financings enabled small and mid-sized businesses (“SMBs”) get the heavy equipment they need to sustain and grow their businesses, despite challenged credit and the global COVID-19 pandemic (“Pandemic”). Maxim lends from $10,000 to $3,000,000 secured by heavy equipment and real estate to facilitate asset purchases, working capital and to refinance expensive short-term debt.