Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial properties, announced today it has appointed Melissa Schrock to the newly-created position of Senior Vice President – Mixed-Use Development. Ms. Schrock joins HRP’s executive team to lead the firm’s expansion into the urban mixed-use development space. In this important role, she will have responsibility for the management of several exciting projects currently underway, including L Street Station in Boston, Massachusetts and Campus Bay in San Francisco, California, among other significant projects throughout the country.

Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has secured commitments for debtor-in-possession ("DIP") financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware.

YogaWorks, (the “Company”), one of the leading providers of authentic yoga instruction in the United States, announced today that it has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Court”). As part of this process, YogaWorks has entered into a purchase agreement (“Agreement”) with Serene Investment Management (“Serene”), pursuant to which Serene will serve as the stalking-horse bidder and has agreed to acquire the YogaWorks digital and education business and intellectual property.

First Eagle Alternative Credit, LLC ("First Eagle"), a leading alternative credit manager with $21 billion of AUM, today closed Lake Shore MM CLO III (“Lake Shore III”) at $318 million. The offering represents First Eagle’s third collateralized loan obligation (“CLO”) that includes middle market leveraged loans.

BHI, a full-service commercial bank, announced that its Specialty and Sponsor Finance Group continued to maintain a high level of activity for new and existing clients during the peak of the global pandemic. The team’s most recent deals include a $55 million senior secured credit facility for a New Jersey-based paper distributor, and an increase in the bank’s revolver commitment of $45 million to support a strategic acquisition for a private equity-owned manufacturer of specialty labels.

Cornerstone Business Credit, a Boston-based specialty finance company, launches new platform providing asset-based loans and factoring solutions to smaller non-bankable businesses. Industry veteran, David Lawrence, will lead the effort in providing credit facilities starting as low as $20,000 to highly leveraged, rapid growth companies as well as deep turnaround situations.

The practice is led by Cascadia Capital Chairman and CEO Michael Butler and Managing Directors Jamie Boyd and Firdaus Pohowalla, with support from Vice Presidents Yee Lee and Jason Lippenberger, Associate Tarek Elmasry, and Analysts Scott Whiting and Mikaela Slade.

SUMR Brands ("SUMR" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced that it has entered into a Third Amended and Restated Loan and Security Agreement with Bank of America, N.A. (the “Credit Facility”) that replaces its prior $48.0 million asset-based revolving credit facility (“ABL”) with Bank of America and $17.5 million term loan with Pathlight Capital LLC.

Northleaf Capital Partners (Northleaf) today announced that it acted as the sole lead arranger of a US$50 million senior secured credit facility to support the recapitalization and growth of FundThrough Inc. (FundThrough), North America's leading tech-enabled invoice funding company for small- and medium-sized businesses. The Northleaf facility expands FundThrough’s funding resources to serve more small businesses in the United States and Canada at a time when governments are scaling back lending programs, large companies are extending payment terms to their smaller suppliers, and traditional financial institutions are tightening access to credit.

Overall, Index revenue grew by 1% during the first two months of the third quarter. The Golub Capital Altman Index can provide early insight into the financial performance of public companies and GDP in advance of earnings season.

Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups, today announced that it will launch a Capital Markets Strategy group to advise and equip C-suite audiences with insights to anticipate, understand, and respond to important market and macroeconomic developments. The Capital Markets Strategy group will be led by Tom Joyce who joins MUFG from Deutsche Bank. The group will be integrated across MUFG's Capital Markets and Corporate and Investment Banking businesses. Mr. Joyce will be based in New York and report jointly to Brian Cogliandro, Co-Head of Capital Markets, and to Mark Thumser, Head of Strategy & Business Operations in the Global Corporate & Investment Bank.

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Texas based firm which provides repair and maintenance services to the petrochemical industry. The proceeds are being used to fund the company’s ongoing working capital needs.

Southern Ag Carriers Inc. is a transportation and logistics service provider for agricultural products and other food and consumer products. The Company was founded in 1990 and is the largest hauler of peanuts in the U.S. with the capability and expertise to move peanut freight throughout the entire channel (farm stock to sheller to processor to end user). Learn more about Southern Ag Carriers, Inc. by visiting sou-ag.com.

Sallyport Commercial Finance helps a service provider in the oil and gas sector meet critical time lines to meet payroll. The business found itself short on funds as they tapped out their PPP funding and scrambled to cover payroll. In less than a week, Sallyport’s team structured a $1,500,000 credit facility, keeping the business on track.

Huntington Business Credit announced it closed new $22,000,000 credit facilities with Leahy Institutional Foods Packing Company on September 23, 2020. Proceeds of the facilities were used to refinance existing indebtedness and provide ongoing working capital growth financing.

TD Community Development Corporation (TDCDC), a wholly-owned subsidiary of TD Bank, N.A., announced today its allocation of New Markets Tax Credits (NMTC) to the International African American Museum in Charleston, South Carolina, to assist in its construction project and opening. The substantial allocation results in an equity investment of more than $5.5 million from TD.

Tiger Group is now accepting offers for bulk purchases of inventories from six facilities on the east and west coasts operated by American Medical Depot (AMD), a major distributor of medical equipment and supplies that is now winding down its business. The multi-million-dollar inventory encompasses over 350,000 products from some 2,000 manufacturers. Items range from personal protective equipment (PPE) to personal paper products, hospital textiles, sterilization wraps, swabs/cotton balls, medical gloves, bandages/dressings, alcohol products, acute care monitoring units, needles, test kits and calibrators.

CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business has led an expansion of an existing credit facility to $400 million to support rapidly accelerating growth by Mobilitie Investments III LLC, a telecommunications infrastructure provider. Mobilitie owns and operates a large nationwide portfolio of wireless communications infrastructure, including communication towers and distributed antenna systems across large outdoor and indoor public venues.

Tradewind is pleased to announce that Derek Binns has been appointed to the role of Vice President of Sales Europe, working closely with the firm’s headquarters team in Mönchengladbach, Germany. As VP Sales, Derek will focus on supporting the Tradewind Group’s client base all across Europe, with a specific concentration on countries where major buyers are established.

Global law firm Greenberg Traurig, LLP has added Kevin J. Walsh to its Boston office as a shareholder in the firm’s Restructuring & Bankruptcy Practice. Walsh has more than 25 years of experience advising debtors and creditors on bankruptcy and commercial law matters. These include restructurings, workouts, and commercial financing transactions, as well as the negotiation and documentation of commercial loans and credits.