Wingspire Capital LLC (“Wingspire”) is pleased to announce the funding of a $60 million senior secured working capital facility to Franchise Group Inc., the owner and operator of franchised retail stores. Proceeds were used to refinance the borrower’s existing ABL credit facility in addition to providing a more flexible and cost-effective credit facility for the company going forward.

White & Case and Veirano Advogados emerged as the top legal advisers for mergers and acquisitions (M&A) in South & Central America by value and volume, respectively, for Q1-Q3 2020, according to GlobalData, a leading data and analytics company. According to GlobalData’s latest report, 'Global and South & Central America M&A Report Legal Adviser League Tables Q1-Q3 2020', during the period, 693 M&A deals were announced in the region - marking a 30% decrease over the 990 deals announced during the same period in 2019. Deal value also decreased by 45.7% from $65bn in Q1-Q3 2019 to $35bn in Q1-Q3 2020, according to GlobalData’s Financial Deals Database.

Gordon Brothers, the global advisory, restructuring and investment firm, announced Laura Ashley® has chosen to partner with NEXT plc to reintroduce their home products online and in stores nationwide. NEXT has over 500 stores in the U.K. and Eire and an online presence in over 70 countries making them an ideal retail partner to continue Laura Ashley’s story.

Pacific Western Bank is pleased to announce that Scott Blaeser has joined the Bank as a Senior Vice President, Business Development Officer, for the Intermountain Region on its asset-based lending team. He will be located in the Bank’s Denver office. Scott will lead the Bank’s efforts to deliver asset-based lending solutions to middle-market businesses throughout Colorado, Oregon, Utah, Washington and beyond.

In September of 2018, the governor of California signed into law CA 1235, which places disclosure requirements on certain commercial financing transactions in California. The CA DBO has now published a set of regulations and SFNet has submitted a comment letter. SFNet has been working to address compliance issues throughout the legislative and rule-making process.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $20 million Receivables Financing Facility to a global manufacturing company that provides innovative product components to the healthcare and consumer goods industries. The transaction was structured as a recourse factoring facility, which will be used by the company to pay down existing debt and increase its cash on hand as it manages through the impact of the COVID-19 pandemic.

1st Security Bank announces Brian J. Kunkel's promotion to the Bank's Leadership Team as Director of Commercial Lending. Brian joined the Bank in early 2016 and has contributed significantly to the Bank's commercial lending growth over the last 4 years. In his new role, Brian will oversee 1st Security's entire commercial lending platform including managing the commercial and industrial (C&I) lending teams and the treasury management team.

For the third quarter of 2020, Ares Capital reported GAAP net income of $441 million or $1.04 per share (basic and diluted), Core EPS(2) of $0.39 per share (basic and diluted), net investment income of $166 million or $0.39 per share (basic and diluted), and net realized and unrealized gains of $275 million or $0.65 per share (basic and diluted).

CapX Partners (CapX), a leading provider of middle-market equipment leasing and financing programs, has completed its transition becoming fully part of the Accord Financial Corp. family rebranding as Accord Equipment Finance (AEF). In 2017, CapX merged with Accord retaining the CapX Partners banner under a three-year phased transaction.

Huntington Business Credit announced it closed new $23,000,000 credit facilities with Paragon Steel Enterprises, LLC on September 29, 2020. Proceeds of the facilities were used to refinance existing indebtedness, provide funds for plant expansion and ongoing working capital growth financing.

Goldman Sachs and Itau Unibanco were the top advisers for mergers and acquisitions (M&A) in South & Central America by value and volume, respectively, in Q1-Q3 2020, respectively, according to GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Global and South & Central America M&A Report Financial Adviser League Tables Q1-Q3 2020’, during this period, 693 M&A deals were announced in the region, which marked a 30% decrease over the 990 deals announced during the same period in 2019. Deal value also decreased by 45.7% from $65bn in Q1-Q3 2019 to $35bn in Q1-Q3 2020.

In the midst of the COVID-19 pandemic and just a year after tempering expectations for deal-making, respondents to Dykema’s 16th Annual M&A Outlook Survey are the most optimistic they have been in the 16-year history of the survey. Seventy-one percent of respondents expect the M&A market to strengthen over the next 12 months, up from 33 percent in 2019, and 87 percent believe M&A activity will increase in the same time frame.

U.S. Bank announced today that Andrew Aye has been named Colorado market president. In his new role, Aye will lead commercial middle market banking and drive company-wide activities in Colorado. Aye returns to U.S. Bank from BOK Financial in Denver, where he established a track record of success. Earlier in his career he spent seven years at U.S. Bank in its Commercial Banking business where he developed a reputation as a strong leader and team builder. In addition to U.S. Bank, he has served as market president for Guaranty Bank and Trust Company, where he headed up the middle market team, and was a director with Stonehenge Growth Capital for more than seven years.

The Office of the Comptroller of the Currency (OCC) has issued its “true lender” rule introduced earlier this year with added clarification about how banks are responsible for the actions of their third-party lending partners. The OCC’s rule, slated to take effect 60 days after publication in the Federal Register, “specifies that a bank makes a loan and is the true lender if, as of the date of origination, it (1) is named as the lender in the loan agreement or (2) funds the loan.” The rule is intended to bolster accountability for banks regarding their third-party partners, clarifying which lender in the arrangement is responsible for following all federal banking laws.

Business Capital (BIZCAP®) secured Debtor-in-Possession / Exit Financing for a premiere California North Coast boutique hotel located near the largest contiguous redwood forest in the world. Founded in the early 1920’s, it is known for offering a wide range of amenities, activities, and fine dining. The financing will help fund operations during the pandemic related travel and hospitality downturn, as well as allow for expansion and upgrades.

Since its founding in 2012, Siena Lending Group has worked extensively with financial sponsors. Achieving milestones like these speaks to Siena’s longevity, creativity in structuring deals and reliability in closing them. It tells people how much private equity firms and other financial sponsors trust Siena for asset-based lending solutions.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan for the acquisition of the North Hills Health Center in Menominee Falls, Wisconsin. IRA Capital acquired the medical campus, consisting of two class-A medical office buildings comprising nearly 119,000 square feet. The outpatient facility is 100% leased and occupied by Froedtert Health, a five-hospital system and the primary teaching affiliate of the Medical College of Wisconsin.

Trading of New Common Stock to Commence on NYSE on October 28, 2020 Chapter 11 Restructuring Eliminates Pre-Existing Debt and Midstream JV Interests in Exchange for Equity CRC Emerges With a $540 Million Revolving Credit Facility, $300 Million of Secured Notes and $200 Million of Second Lien Term Loan

Old Hill provided $8 million in the form of a senior secured revolving-to-term credit facility to a specialty finance company that provides working capital to small businesses in the form of merchant cash advances. The facility was secured by a first lien perfected security interest in receivables originated by the borrower.

Marketlend, Australia’s leading marketplace trade credit platform, continues to excel as it recently closed a new $100 million financing facility with Crayhill Capital Management LP, a New York based private credit manager and asset-based lender. This new facility will assist with liquidity and cash flow management to global companies affected by the COVID-19 pandemic. It complements Marketlend’s existing trade credit securitization program, which offers financing to companies engaged in international trade.