- Accord Financial Closes Sale of US Portfolio Assets
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- News Detail
- Varex Announces Successful Completion of Debt Refinancing
- SLR Business Credit Provides $5 Million Asset-Based Credit Facility to a New Jersey–Based Packaging Solutions Provider
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Quisitive Announces BMO Credit Facility and Retires Existing Credit Facility
Quisitive Technology Solutions Inc. (“Quisitive” or the “Company”) (TSXV: QUIS), a premier Microsoft Cloud Services and Payment Solutions Provider, is pleased to announce that it has paid out and retired its existing credit facility with a Canadian Schedule 1 Chartered Bank (the “Bank”) and has entered into a new credit facility with a syndicate led by Bank of Montreal (“BMO”) and including Desjardins Capital Markets ("DCM") pursuant to the terms of a loan agreement entered into between the Company, certain material subsidiaries of the Company, as guarantors, BMO, as administrative agent
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J D Factors Announces Factoring Facilities
April 19, 2021J D Factors announced it provided the following factoring facilities: $400,000 to a transportation company in Nova Scotia; $200,000 to a transportation company in New York; $75,000 to a transportation company in Georgia and $250,000 to a transportation company in Illinois.
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Crestmark Provides More Than $70.5 Million in Commercial Financing to 83 Businesses in the Second Half of March
April 19, 2021Crestmark secured a total of $15,150,000 in ABL/factoring financial solutions for seven new clients; Crestmark Equipment Finance provided $30,768,825 in 15 new transactions; Crestmark Vendor Finance provided $6,544,102 in 57 new transactions; and the Government Guaranteed Lending group provided $18,126,800 in financing for four new clients in the second half of March.
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American Homes 4 Rent Announces $1.25 Billion Sustainability-Linked Revolving Credit Facility
April 19, 2021American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high-quality single-family homes for rent, today announced that the Company and its operating partnership, American Homes 4 Rent, L.P. (the "Borrower"), successfully closed a $1.25 billion, sustainability-linked revolving credit facility (the "Credit Facility"), amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the Company's Credit Facility, including Wells Fargo Bank, National Association as Administrative Agent and JPMorgan Chase Bank, N.A. as Syndication Agent.
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MONTICELLOAM, LLC Appoints New Managing Director to Take Lead of Advisory Services Team
April 19, 2021MONTICELLOAM, LLC (“Monticello”), a specialized private real estate and asset-based lender, servicer and manager providing innovative capital solutions, announced that it has hired and appointed Darren Margulis as Managing Director to oversee its Advisory Services business unit, which provides lenders and financial institutions custom asset management and special servicing solutions that are specifically designed for the Seniors Housing industry.
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Marlin Business Services Corp. Enters Into Definitive Agreement To Be Acquired by Funds Managed By HPS Investment Partners LLC
April 19, 2021Marlin Business Services Corp. (NASDAQ: MRLN), a nationwide provider of capital solutions to small businesses (“Marlin” or the “Company”), today announced that it has entered into a definitive agreement in which HPS Investment Partners LLC (“HPS”) will, through its European Asset Value Funds, acquire all of the Company’s outstanding shares of common stock in an all cash transaction for $23.50 per share, as potentially subject to downward adjustment discussed below, which represents a 65% premium over the closing price of Marlin’s common stock of $14.24 on April 16, 2021.
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Siena Bolsters Commitment to Midwest Markets with Panico Hire
April 19, 2021Siena Lending Group LLC ("Siena") is pleased to announce the addition of Joe Panico, bolstering the firm’s commitment to serving clients across the Midwest. Panico joins the Siena team as Director of Originations, based in Cleveland, where he will focus on providing asset-based lending (ABL) solutions for middle-market companies in Ohio, Michigan, Pennsylvania and Western New York.
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Vornado Extends One of its Two Revolving Credit Facilities
April 19, 2021The joint lead arrangers and joint bookrunners for the facility are JPMorgan Chase Bank, N.A., BofA Securities, Inc., PNC Capital Markets LLC, U.S. Bank National Association, and Wells Fargo Securities LLC. JPMorgan Chase Bank, N.A. serves as Administrative Agent and J.P. Morgan Securities LLC serves as Sustainability Structuring Agent. Bank of America, N.A., PNC Bank, National Association, U.S. Bank National Association and Wells Fargo Bank, National Association serve as Co-Syndication Agents.
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SLR Business Credit Funds Veterinary Supplies Company
April 19, 2021SLR Business Credit announced it provided a $12 million asset-based revolving line of credit to a distributor of veterinary medicine and supplies. Working through an investment banking group, the owners of this veterinary supplies company in Nebraska were introduced to SLR Business Credit to refinance existing bank debt and provide additional working capital to support growth.
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Alleon Healthcare Capital Announces Recent Financings
April 19, 2021Alleon Healthcare Capital is proud to announce the following recent additions to its healthcare providers financing portfolio: $25 million infusion pharmacy, $2.5 million for a home healthcare provider, $1 million for a genetic testing laboratory...
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Marco Completes Funding for Another Staffing Company
April 19, 2021Marco Capital Inc. established a $600K factoring facility for a New York based staffing company specializing in providing global technology firms with temporary personnel. Building the business and extending terms to its customers was stretching out cash flow and impacting further growth.
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Haversine Funding Announces Recent Transactions
April 19, 2021Haversine Funding announced the following recently closed transactions: $3,000,000 participation in a medical receivables asset-based loan for an infusion pharmacy; $150,000 factoring participation in a telecommunications infrastructure services firm; $1 million subordinated debt facility to support the growth of a staffing factor and $5.6 million senior secured funding for a commercial real estate loan to a sawmill.
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JLL Maintains Strong Financial Profile and Liquidity with Renewed Credit Facility
April 19, 2021Jones Lang LaSalle Incorporated (NYSE:JLL) has amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. BMO Capital Markets Corp. and BofA Securities, Inc. were Joint Lead Arrangers for this transaction. In addition, HSBC Securities (USA) Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC were Joint Bookrunners for this transaction.
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General Mills Becomes First U.S. Consumer Packaged Goods Company to Enter Into a Sustainability-Linked Revolving Credit Facility
April 19, 2021The amendment extends the maturity of the credit facility to 2026 and includes 20 of the company’s banking partners. Joint lead arrangers and joint book runners on this transaction include BofA Securities, Inc., JPMorgan Chase Bank, Barclays Bank PLC, Citibank, N.A, Deutsche Bank Securities Inc., and BNP Paribas. BofA Securities, Inc. is acting as the Sustainability Coordinator.
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SFNet Preparing Response to Latest CA Disclosure Regulation Request For Comment
April 19, 2021The California Department of Financial Protection and Innovation has issued its latest proposed regulations pertaining to CA SB 1235. SFNet will be submitting a comment letter by the deadline of April 26.
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EVCS Secures Credit Facility With Macquarie Group
April 19, 2021EVCS, one of the largest electric vehicle (EV) fast-charging network operators on the U.S. West Coast, today announced that it has closed a credit facility with the Commodity and Global Markets group of Macquarie Group. The credit facility will enable EVCS to deliver on the installation of a significant pipeline of Direct Current Fast-Charging (DCFC) stations, adding to its existing large-scale DCFC network.
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SSG Advises New Hampshire Plastics in the Sale of Substantially all of its Assets to Grimco, Inc.
April 19, 2021SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to New Hampshire Plastics, LLC (“NHP” or the “Company”) in the sale of substantially all of its assets to Grimco, Inc. (“Grimco”). The transaction closed in March 2021. New Hampshire Plastics is a leading manufacturer of High-Impact Polystyrene (“HIPS”). The Company primarily produces custom roll and sheet-extruded HIPS for several end markets.
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CrowdOut Capital Announces Closing $20 Million Facility to Lane Gate Advisors, LP Senior Secured Term Loan to Life Settlement Policy Investor
April 15, 2021CrowdOut Capital LLC, a pioneering non-bank lender for lower middle-market businesses, announced today the initial funding of a $20 million facility to Lane Gate Advisors. “We are thrilled to add a great borrower to our loan portfolio,” stated Alexander Schoenbaum, Chief Executive Officer of CrowdOut Capital. “Lane Gate has a team of experienced life settlement investors with a differentiated, niche strategy. CrowdOut is excited to be invested in such a quality, non-correlated asset space.”
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Banc of California Names Alex Kweskin Executive Vice President and Chief Human Resources Officer
April 15, 2021Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Alex Kweskin as Executive Vice President and Chief Human Resources Officer of the Company and the Bank, effective Monday, May 3, 2021. Mr. Kweskin will be based in Santa Ana and report to Jared Wolff, President and CEO.
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Assembled Brands Closes Revolving Line of Credit with InStyler
April 15, 2021Assembled Brands is thrilled to celebrate the closing of a new revolving line of credit with InStyler, a high-tech hair and beauty company based in Culver City, California. Since launching their business in 2009, InStyler has developed into the market leader in innovative products for hair care and has substantially grown their online presence in addition to selling at retailers like Bed Bath & Beyond, Target, and Walmart.
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ABA Report: Consumer Delinquencies Rose in Fourth Quarter of 2020
April 15, 2021After two consecutive quarters of declines, consumer credit delinquencies rose in the fourth quarter of 2020 as the toll of the pandemic-induced recession weighed on the economy, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in each of the 11 loan categories tracked by ABA.
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