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  • U.S. Bank, LiquidX Collaborate to Simplify, Accelerate Supply-chain Financing
    May 10, 2022
    U.S. Bank announced today that it has entered into a collaboration agreement with trade-finance fintech LiquidX to help expedite and simplify supply-chain transactions between suppliers and buyers. This collaboration – which comes at a time of unparalleled stress in the global supply chain – will pair the bank’s strong balance sheet with LiquidX’s streamlined platform technology to help address supply-chain- finance friction and cash-flow challenges facing many companies.
  • AGI Announces Credit Facility Expansion and Amendment of Terms
    May 9, 2022
    Ag Growth International Inc. (TSX: AFN) (“AGI” or the “Company”) is pleased to announce the upsizing and amendment of our revolving credit facilities. AGI’s revolving credit facilities have been increased by approximately $150 million Canadian dollar equivalent. As part of the agreement, the Series B and C Notes, with a principal amount owing of approximately $57 million Canadian dollar equivalent, will be concurrently retired through the expanded credit facilities.
  • Standard Bariatrics Secures $7MM Debt Facility With Silicon Valley Bank
    May 9, 2022
    Silicon Valley Bank is a leading investment bank partnering with innovative healthcare and technology companies. Under the terms of the new debt facility, SVB will make loans available in two tranches. The first tranche of $4 million was received at closing of which $0.4 million was used to retire existing debt. The second tranche of $3 million will be available through June 30, 2023, upon achieving certain milestones.
  • Summar Financial Welcomes Luis Mondragon to its International Factoring Team
    May 9, 2022
    Summar Financial, in its ongoing effort to help Latin American exporters finance their growth, is pleased to announce the hiring of Luis Mondragon as its new Vice President of International Factoring Sales. For more than twenty-five years, Luis has successfully managed sales teams in financial companies; He is also an expert in international management in sectors such as services, packaging, and fast-moving consumer goods.
  • Generate Capital Names Brian Lehman Chief Financial Officer, Announces Retirement of Jack Stark
    May 9, 2022
    Generate Capital, PBC, a leading sustainable infrastructure investment platform and operating company, today announced that it has named Brian Lehman as Chief Financial Officer. He succeeds Jack Stark who is retiring from the CFO role and will be staying on with the company as Executive Vice President to support the transition and other strategic initiatives.
  • Regions Bank Names Dan Massey as Chief Enterprise Operations and Technology Officer
    May 9, 2022
    Regions Bank on Wednesday announced Dan Massey will join the company as Chief Enterprise Operations and Technology Officer effective May 9. Directly reporting to John Turner, President and CEO of Regions Financial Corp., Massey will lead teams that oversee several critical functions of the company including enterprise operations, application development, information technology, information security, data and analytics, and corporate computing.
  • National Bank of Coxsackie Launches New Small Business Lending Platform
    May 9, 2022
    On March 18, 2022, the National Bank of Coxsackie launched its new Small Business lending platform, NBC Express. Now, small businesses can apply for installment loans via this platform and the entire process, from application to funding, is completed in a digital manner.
  • Armstrong Flooring Files Voluntary Chapter 11 Petitions; Continuing to Pursue Sale of Business Through Chapter 11 Process
    May 9, 2022
    Armstrong Flooring, Inc. (NYSE: AFI), a leader in the design and manufacture of innovative flooring solutions (“Armstrong Flooring” or “the Company”), today announced that the Company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
  • Crayhill Capital Management Names Daniel Shlomi as General Counsel
    May 9, 2022
    Crayhill Capital Management LP ("Crayhill"), a New York-based, minority-owned private credit manager focused on asset-based investments, today announced the appointment of Daniel Shlomi as General Counsel.
  • Jason Kugler Joins SLR Business Credit
    May 9, 2022
    Jason Kugler has joined SLR Business Credit (SLRBC) as vice president of business development. Jason has over 20 years of commercial finance experience focusing on business development. Before joining SLRBC, he held positions at various bank and non-bank lending institutions.
  • Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in April
    May 9, 2022
    Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in April. The first, is a $1,000,000 limit to a privately owned bottler and distributor of specialty wines. They were referred to Tradecycle by their senior lender, who can eliminate PACA claims in their borrowing base through Tradecycle’s program.
  • Northleaf Leads A$250 Million Senior Secured Credit Facility for Omni Bridgeway
    May 6, 2022
    Northleaf Capital Partners (Northleaf) today announced that it acted as the lead arranger of a A$250 million senior secured credit facility for Omni Bridgeway (ASX: OBL), a global leader in financing and managing legal risks, with expertise in civil and common law legal and recovery systems.
  • Wells Fargo Announces Markets Leadership Team in the Corporate & Investment Bank
    May 6, 2022
    Wells Fargo & Company (NYSE: WFC) today announced the formation of six distinct businesses within the Corporate & Investment Bank’s (CIB) Markets group. The leaders of each business line report directly to Mike Riley and Dan Thomas, co-heads of Markets.
  • Origis Energy Secures $375 Million Credit Facility, led by CIT
    May 6, 2022
    Origis Energy closed a $375 million credit facility for its solar and energy storage development project pipeline this week. This facility for the renewable energy industry bundles Letter of Credit and equipment financing to fund Origis’ clean energy assets.
  • Tradewind Finance Provides $5 Million Receivables Financing for Mauritanian Clothing Company
    May 6, 2022
    Tradewind Finance recently provided receivables financing of 5 million US dollars to a garment manufacturer from Mauritius. A diversified company with 1,200 employees, it specializes in manufacturing and finishing denim products for distribution to leading retailers worldwide, including Australia and Europe.
  • William Blair Expands Financial Sponsor Offering With Private Capital Advisory
    May 6, 2022
    William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the launch of its Private Capital Advisory practice. The practice expands William Blair’s robust financial sponsor advisory platform to provide financial sponsor clients with highly relevant and differentiated strategic advice and offer them fund placement, direct equity capital-raising (directs and co-invests), and secondary solutions on a global basis.
  • Gridiron Capital-Backed GSM Outdoors Acquires Bill Lewis Outdoors
    May 6, 2022
    Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that its portfolio company, Good Sportsman Marketing Outdoors (“GSM” or the “Company”), an outdoor enthusiast platform with industry leading hunting, fishing, sport shooting, and outdoor accessories, has acquired Bill Lewis Outdoors (“Bill Lewis”).
  • StepStone Closes Second Senior Corporate Lending Fund With $1.3 Billion of Capital Commitments
    May 6, 2022
    StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced the final closing of StepStone Senior Corporate Lending II (“SCL II” or “the Fund”), raising $1.3 billion of commitments, surpassing its target of $1 billion.
  • Rosenthal Provides $3.6 Million Purchase Order Financing Facility to New Jersey-Based Organic Foods Company
    May 4, 2022
    Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $3.6 million purchase order financing facility to support a major producer of organic dried fruit and keto snacks that was experiencing rapid growth.
  • SLR Healthcare ABL Provides $2 Million to Skilled Nursing Operator
    May 4, 2022
    SLR Healthcare ABL is pleased to announce it has provided $2 million asset-based revolving line of credit a skilled nursing operator.

 

 

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