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- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
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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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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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Citizens Advises Air Purchases of New Hampshire on its Sale to Munch’s Supply, a Portfolio Company of Ridgemont Equity Partners
April 15, 2021Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Air Purchases of New Hampshire, Inc. (“API”) in its sale to Munch’s Supply, a portfolio company of Charlotte-based Ridgemont Equity Partners. Headquartered in Manchester, N.H., API is a leading distributor of premium HVAC equipment and accessories for residential and commercial end markets.
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CapitalPlus Construction Services Announces Recent Transactions
April 15, 2021With increased demand for building services and bank credit still tight, a wide range of companies took advantage of CapitalPlus’ speedy accounts receivable funding to confidently take on new work this March.
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BHI Healthcare Group Arranges $41.8MM Construction Financing for new Miami Senior Living Facility
April 15, 2021BHI, a full-service commercial bank, announced that its Healthcare Group has arranged $41,860,000 in construction financing for the Oasis at Coral Reef, a new 217,123-square-foot luxury senior living facility under development in Miami, adjacent to Jackson South Medical Center. BHI has provided financing of $31,860,000 and Coastal States Bank $10 million. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern United States with a primary focus in South Florida.
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White Oak ABL Line Increase and Extension Reaches $95MM Credit Facility With Hunt & Sons, Inc.
April 15, 2021White Oak ABL, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a second $10 million line increase and extension, bringing the total ABL Credit Facility to $95 million, to Hunt & Sons, Inc., a third-generation, family-owned diversified petroleum products distributor. This is the fourth amendment closed between the firms.
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LBC Credit Partners Closes Fifth Fund Platform
April 15, 2021LBC Credit Partners ("LBC”) announced the final closing of LBC Credit Partners V, L.P. (“LBC V”), and a fund raised contemporaneously adding $808 million of equity commitments to the firm’s capital base. To date, LBC V has funded 28 investments and with LBC’s robust pipeline, the firm continues to evaluate many opportunities for the platform.
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Humacyte Secures $50 Million Debt Facility with Silicon Valley Bank
April 15, 2021Humacyte, Inc., a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced the closing of a secured debt financing facility with Silicon Valley Bank for up to $50 million, of which the first $20 million was funded at closing.
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Monroe Capital Adds to Marketing Team by Hiring Jayro Yoo
April 15, 2021Monroe Capital LLC today announced Jayro Yoo has joined the firm as Director based in Texas. Jayro will serve on the firm’s Marketing & Investor Relations team. Prior to Monroe, Jayro was a Vice President at DWS Asset Management where he focused on raising capital for DWS’s alternative investment platform.
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