Crystal Financial LLC announced the closing of a $27,500,000 Senior Credit Facility for True Religion Apparel, Inc. (“True Religion” or “the Company”). Founded in 2002, True Religion is a lifestyle apparel brand which aims to deliver an exclusive assortment of unique designs to its customer base. Known for its signature styling, the Company focuses on producing high quality premium denim and sportswear for men, women, and children. True Religion’s products are sold at the Company’s retail stores, www.truereligion.com, department stores, and at specialty retailers globally.

In order to further accommodate a growing portfolio of Factoring transactions, Marco Capital Inc (MCI) has hired Luminita Pauna (Lumi) as its Director of Operations. Lumi has over seven (7) years of experience at the Florida-based finance provider Trade Finance Solutions (later to become Global Merchant Fund then eCapital). As both an Account Manager and then advancing to a managing Account Executive position, she brings a wealth of experience to MCI in the fields of Factoring, Asset Based Lending, Purchase Order Finance, and Supply Chain Finance.

Led by former Ashley Furniture VP, division uses analytics to bolster real estate strategies of healthy and distressed entities in retail, hospitality, office, education and other sectors.

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a Texas-based fabricator of membranes used in water treatment facilities. The Company, owned by a foreign parent, was seeking an asset-based facility to secure working capital.

PlainsCapital Bank recently announced that Keeton Moore has been promoted to president of its downtown Fort Worth branch at 801 Houston Street. Moore will lead the branch’s commercial lending team, focusing on expanding PlainsCapital’s presence in the area and executing the Bank’s long-term growth strategies for North Texas.

Riveron, a national business advisory firm specializing in accounting, finance, and operations, announced today its acquisition of Winter Harbor, a Boston-based provider of restructuring and turnaround services. The acquisition reinforces Riveron’s commitment to strengthening and expanding its strategic, operational, and financial solutions for companies facing distressed and special situations in addition to serving healthy companies across the corporate and private equity landscape.

BMO Harris is launching a $5 billion initiative to support minority-owned businesses and communities, with a significant investment earmarked for Chicago. The five-year program, announced Tuesday, will increase commercial lending opportunities for Black and Latino businesses, which have been hard-hit during the pandemic. It also will include direct investment in underserved communities through affordable housing and neighborhood revitalization.

Investec Power and Infrastructure Finance – North America (Investec) acted as sole bookrunner, coordinating lead arranger, and administrative agent on the transaction. In addition to Investec, other joint lead arrangers for the transaction included Credit Agricole, East West Bank, and Silicon Valley Bank. Cypress Creek was represented by Kirkland & Ellis LLP as its lead transaction counsel. The lenders were represented by Milbank as transaction counsel.

Vaquero Midstream announced today the closing of a $200 Million revolving credit facility on October 29, 2020. Vaquero extended the commitment of the original facility for two years, to December 2023. The facility is available for general corporate purposes, including funding capital expenditures, working capital and operating expenses. The bank group is now led by BOK Financial.

AFC Management, LLC ("AFC Management") announced today that an affiliate, AFC Gamma, Inc. ("AFC"), has funded a $22 million credit facility for Organic Remedies, Inc. ("Organic Remedies" or the "Company"). The credit facility is designed to provide capital to complete the build out of Organic Remedies' +/-240,000 square foot cultivation and processing facility, as well as build out three additional dispensaries, under its Clinical Registrant ("CR") medical marijuana license. AFC will hold $22 million of the credit facility, which consists of a first-lien term loan that can be drawn upon over the course of a one-year period.

Context Business Lending, LLC ("CBL") a family office-backed leading, national asset-based lender becoming increasingly well known for disrupting the Asset Based Lending market, announced today the closing of seven (7) new revolving lines of credit over the last five months. These recent closings included a recent $20MM line to Universal Metals ("Universal") and parent company, Northwestern Holding Company ("Northwestern").

Iron Horse Credit, a leading stand-alone inventory lender, is proud to announce that it has hired Savi Hussain as its Senior Vice President of Underwriting. Savi will be the senior officer responsible for the company’s credit and underwriting operations.

Entrepreneur Growth Capital (“EGC”) is pleased to announce that it has closed a $5MM working capital facility to a New York-based distributor of personal protective equipment (“the Company”). The Company started with a few orders for gloves and masks, and has now developed relationships with many suppliers (foreign and domestic) and customers ranging from large hospital groups, to Fortune 500 companies and the US Government.

Tilly’s, Inc. (NYSE: TLYS, the “Company”) today announced that it has established a new $65.0 million asset-backed credit facility (the “ABL Facility”) with Wells Fargo Bank, N.A. (“Wells Fargo”). The ABL Facility is a three-year, $65.0 million asset-backed credit facility which replaces the Company’s previous $25.0 million revolving credit facility, also with Wells Fargo.

Pursuant to the APA, Brookfield and Simon will acquire substantially all of JCPenney’s retail and operating assets (“OpCo”) through a combination of cash and new term loan debt. Kirkland & Ellis LLP is serving as legal adviser, Lazard is serving as financial adviser, and AlixPartners LLP is serving as restructuring adviser to the Company. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Brookfield and Simon

Bank of America, N.A. is the Administrative Agent and Collateral Agent and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Co-Syndication Agents. BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association were the Joint Lead Arrangers and Joint Bookrunners.

CNH Finance announced it provided financing for companies in the home health care and skilled nursing facilities industries. CNH Finance specializes in middle-market asset-based lending providing clients working capital from $1MM to over $20MM.

CIT Group Inc. (NYSE: CIT) today announced the start of its annual partnership with Feeding America® and this year, will double its commitment in the fight against hunger and help donate Two Million Meals1 for people struggling with food insecurity across the country. Responding to the increased need for food assistance due to the COVID-19 pandemic, the Two Million Meals campaign expands CIT's One Million Meals campaign from years prior and invites customers, employees and social media followers to join with the company and help provide Two Million Meals for people in need.

SG was able to get comfortable with the Company’s strong pipeline of contracted revenue, return to profitability, revenue retention rate greater than 90%, and plethora of expansion opportunities through its new channel partnerships. SG provided a senior secured, $3MM growth capital loan structured around recurring revenue, proforma cash flow and total leverage.