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  • Good Times Restaurants Inc. Amends Credit Facility
    January 18, 2021
    Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that it has amended its credit agreement with Cadence Bank, which extends its maturity to January 2023 and adjusts the facility’s capacity initially to $11 million.
  • Charles River Associates (CRA) Increases Credit Facility by $50 Million
    January 18, 2021
    Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that the Company has increased its revolving credit facility from $125 million to $175 million. The additional $50 million in commitments will provide working capital to support continued growth in the business and fund other general corporate purposes. During the fiscal year ended January 2, 2021, CRA’s maximum fiscal quarter-end loan borrowings on its revolving credit facility were $70 million, which were completely repaid by year end.
  • Tradewind Finance Delivers $5 Million Credit Facility for Meat Trading Company based in USA with Subsidiary in Brazil
    January 18, 2021
    Tradewind Finance has completed a $5 million export factoring facility for a meat trading company that is based in the United States and has a subsidiary in Brazil. The company exports to the Middle East, South Africa, and Asia and is using the funding to support their growth.
  • Consolidated Communications Secures Incremental Term Loan Financing of $150 Million
    January 18, 2021
    Consolidated Communications (NASDAQ: CNSL) today announced it has secured and closed on an incremental $150 million term loan that is fungible with the Company’s existing First Lien Term Loan B with maturities due October 2027. JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Wells Fargo Securities, LLC, Goldman Sachs Bank, USA, Deutsche Bank Securities Inc., TD Securities (USA) LLC and Mizuho Bank, Ltd. served as lead arrangers and book runners for the financing.
  • Federal Communications Commission Approves Frontier’s Chapter 11 Restructuring
    January 18, 2021
    Frontier Communications Corporation (OTC: FTRCQ) (“Frontier Communications”) announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota, Mississippi, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, Utah and Virginia.
  • Huntington Business Credit Announces a $17.5 Million Credit Facility with InfoCision Inc.
    January 18, 2021
    Huntington Business Credit announced it closed a new $17,500,000 credit facility with InfoCision Inc.on December 30, 2020. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing. InfoCision Inc., located in Akron, Ohio, operates telemarketing call centers in 13 locations throughout Ohio, Pennsylvania and West Virginia.
  • Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in December
    January 18, 2021
    Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded two new revolving accounts payable funding facilities in November. The first, a $500,000 limit to a precision machining shop that focuses primarily on the automotive industry. The second was a $1,000,000 limit to a Canadian manufacturer of precision molds for injection molding of automotive parts. Both programs are supplemental to their senior lending facilities.
  • eCapital Commercial Finance Announces $1.5 Million Debtor in Possession (DIP) Financing for an Industrial LED Lighting Company
    January 18, 2021
    eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative financing solution provider for small and medium-sized businesses, today announced it has provided a $1.5 million debtor in possession (DIP) factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy. The company will utilize the factoring facility to continue operations as they move through the Chapter 11 process.
  • J D Factors Announces Factoring Facilities
    January 18, 2021
    J D Factors Announced it provided the following factoring facilities: $200,000 to a security company in Texas; $100,000 to a transportation company in Texas; $75,000 to a transportation company in Georgia; $50,000 to a transportation company in Arkansas
  • LSQ Provides $6 Million Facility To Digital Security Company
    January 18, 2021
    LSQ originated a $6 million credit facility late in the fourth quarter to a virtual credential solutions company gearing up for hyper-growth. After developing their product and receiving stellar feedback from the market, the company identified a need for capital to fuel their growth.
  • Horizon Technology Finance Provides $8 Million Venture Loan Facility to Clara Foods
    January 18, 2021
    Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided an $8 million venture loan facility to Clara Foods, Inc. ("Clara Foods"), of which $5 million has been initially funded.
  • Oxford Finance Leads $122 Million Financing for Tarrytown Expocare
    January 18, 2021
    Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a $122 million senior credit facility to Tarrytown Expocare (“Tarrytown or “the Company”), a closed-door long-term care pharmacy specializing in serving individuals with intellectual and developmental disabilities (“IDD”).
  • SSG Advises Green’s Natural Foods, Inc. in its Sale to Hudson Equity Partners, LLC
    January 18, 2021
    SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to Green’s Natural Foods, Inc. (“Green’s” or the “Company”) in the sale of its equity interests to Hudson Equity Partners, LLC. (“Hudson” or the “Buyer”). The transaction closed in December 2020. Green’s is a branded lifestyle chain of organic and natural grocery stores in Westchester County, New York. Through its four unique supermarkets, the Company caters to the public’s growing interest in eating and living healthier.
  • TD Bank Group to Acquire Wells Fargo's Canadian Direct Equipment Finance Business
    January 18, 2021
    The Toronto-Dominion Bank ("TD") (TSX andNYSE: TD) and Wells Fargo & Company ("Wells Fargo") (NYSE: WFC) today announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business. The acquisition of Wells Fargo's Canadian Direct Equipment Finance business is expected to add scale and capabilities to TD's existing Canadian Equipment Financing business and expand TD's presence in core markets.
  • Great Rock Capital Closes $15 Million Credit Facility with Coast to Coast Equipment
    January 15, 2021
    Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $15 million senior secured credit facility with Coast to Coast Equipment, which specializes in buying, selling, and renting new and used aerial-lift equipment. The new facility refinanced the existing lender and provides Coast to Coast with additional liquidity to position the company for continued growth.
  • Angelo Gordon's Twin Brook Capital Partners Commits Over $925 Million to Private Equity-Backed Healthcare Transactions in 2020
    January 14, 2021
    Twin Brook Capital Partners (“Twin Brook” or the “Firm”), the middle market direct lending subsidiary of Angelo Gordon, today announced that it committed over $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors. The Firm served as lead agent on all the healthcare transactions it supported in 2020, which included 11 new platform financings and 15 add-on financings.
  • Blackford Capital Announces Investment in Aqua-Leisure Industries
    January 14, 2021
    Blackford Capital, a private equity firm based in Grand Rapids, Michigan, today announced an investment in Aqua-Leisure Industries, a leader and pioneer in water sport leisure product development and aquatic goods. Headquartered just outside of Boston, Aqua-Leisure was founded in 1970 and primarily serves the aquatic consumer products industry. The company is one of the largest and most innovative designers and distributors of multiple lines of high quality, performance-based products under a variety of brand names and proprietary designs, including swim goggles, "Learn to Swim" products for children, and pool floats, among other categories.
  • Oxford Finance Leads $107 Million Upsize Financing for Specialty Dental Brands
    January 14, 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 $107 million senior credit facility to Specialty Dental Brands (“SDB” or “the Company”) a dental services organization focused on pediatric dentistry, orthodontics, and oral surgery.
  • Greystone Adds Michael Zampetti to Commercial Finance Team
    January 14, 2021
    Greystone, a leading national commercial real estate finance company, announced that Michael Zampetti, Jr., Managing Director, has joined the Commercial finance team led by Scott Chisholm, based in New York. In this role, Mr. Zampetti will focus on loan production across an array of platforms while working to expand the firm’s lending activities to a broader scope of commercial asset classes.
  • Going-Out-of-Business Sales Begin at All 25 Stock+Field Stores in Midwest
    January 14, 2021
    Going-out-of-business sales are underway at all 25 Stock+Field stores across the Midwest—an opportunity for enthusiasts of the rural lifestyle to find bargains on thousands of premier items in categories such as farm supplies, outdoor power equipment, lawn and garden, hardware/tools, home, sporting goods, and apparel/footwear. A joint venture of Tiger Capital Group and B. Riley Retail Solutions (a B. Riley Financial company) is conducting the liquidation sales in Illinois, Indiana, Ohio, Michigan and Wisconsin on behalf of Tea Olive I, LLC (d/b/a Stock+Field). Founded in 1964 as BigR stores, Stock+Field filed for Chapter 11 bankruptcy protection on January 10, 2021 in the U.S. Bankruptcy Court for the District of Minnesota.
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