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  • Paul Warley Joins B. Riley Advisory Services
    December 2, 2020
    B. Riley Advisory Services is pleased to announce the addition of Paul Warley to their Atlanta and Dallas offices. Warley joins the firm with over 30 years of experience in restructuring & bankruptcy matters, lender communications, interim management, and investment banking.
  • Tiger Group Online Auction Features Southern California Steel Fabrication Facility and Related Assets
    December 2, 2020
    Tiger Group is now accepting bids for a Dec. 10 online auction of a steel fabrication facility in South Gate, California that was formerly operated by Metal Supply, Inc. The auction features a beam line, plasma cutter, welders, material handling equipment, crane, vehicles, support equipment and other high-utility assets of interest to businesses in a wide array of sectors.
  • CIBC Innovation Banking Provides EZ Texting with a US$13 Million Growth Capital Financing
    December 2, 2020
    CIBC Innovation Banking is pleased to announce a US$13 million growth capital financing for Santa Monica-based EZ Texting, a cloud-based platform that enables small and medium sized businesses to confidently grow and keep their customers through their innovative messaging platform. EZ Texting plans to utilize this capital to continue building new product features that will bolster its platform and grow its go-to-market teams.
  • AlixPartners’ Lisa Donahue Honored With Harvey R. Miller Outstanding Achievement for Service in Restructuring
    December 2, 2020
    AlixPartners, the global consulting firm, announced today that Lisa Donahue, Joint Global Head of Turnaround & Restructuring Services (TRS), has received the Harvey R. Miller Outstanding Achievement Award for service to the restructuring industry. The award, sponsored by law and business publisher The Beard Group, annually recognizes leaders in the turnaround and restructuring business who have had stellar careers and pivotal roles in the biggest deals. Lisa is the first woman to receive the award in its 20-year history.
  • Oxford Finance Closes $60 Million Credit Facility with RxSight
    December 2, 2020
    Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $60 million senior secured term loan with RxSight, Inc. (“RxSight” or “the Company”), a privately-held, medical technology company that has commercialized the world’s first and only FDA-approved adjustable intraocular lens (“IOL”) that is customized after cataract surgery. The funds will be used for general working capital, including sales and marketing, and research and development.
  • Fifth Third Bank Names Executive Vice President Kala Gibson Chief Enterprise Corporate Responsibility Officer & Head of Business Banking
    December 2, 2020
    Fifth Third Bank, National Association today announced that Executive Vice President Kala Gibson has been named chief enterprise corporate responsibility officer & head of Business Banking. His role is expanding to include responsibility for Community and Economic Development.
  • Callodine Commercial Finance Makes First Investment on New Platform
    December 2, 2020
    Callodine Commercial Finance (“CCF”) recently provided CAD $20 million of financing to support Kingswood Capital Management’s acquisition of MEC, an established retailer, and Canada's go-to place for outdoor gear, know-how, and inspiration. This represents the inaugural transaction completed by CCF on the team’s new platform, after being acquired by Callodine Group.
  • BNY Mellon High Yield Strategies Fund Announces Change in Leverage Providers
    December 1, 2020
    BNY Mellon High Yield Strategies Fund (NYSE: DHF) (the “Fund”) today announced entry into a new credit facility of up to $125 million with BNP Paribas Prime Brokerage International Limited. The new credit facility replaces the credit facility with the Fund's previous credit facility provider. The credit facility is evergreen, subject to standard notice and termination provisions, and is secured by the Fund’s investments. Borrowings under the new credit facility are at an interest rate of 1-month LIBOR + 90 basis points.
  • Gibraltar Delivers $130.5MM in New Commitments Through Pandemic
    December 1, 2020
    In the nine months since COVID-19 was declared a pandemic, Gibraltar Business Capital has remained committed to providing access to flexible, reliable and fast capital — closing 12 transactions and $130.5 million in new commitments. Credit facilities ranged from $4MM to $20MM and were utilized to support refinances, growth, acquisitions, and recapitalizations. The growth in individual facility sizes reflects Gibraltar’s continued, successful shift upstream towards supporting companies with increased liquidity and working capital needs.
  • B. Riley Financial, Inc. and 180 Degree Capital Corp. Commence Process to Seek Significant Changes to Maven’s Board of Directors
    December 1, 2020
    B. Riley Financial, Inc. (“B. Riley”) and 180 Degree Capital Corp. (“180”) today announced that they are taking the steps required to seek significant changes to the composition of the Board of Directors (the “Board”) of Maven (the “Company”). B. Riley and 180 also today expressed their utmost confidence and support for the Company’s management and employees. Last week, B. Riley and 180 sent a letter to the Board requesting the immediate resignation of five of its members. In the letter, B. Riley and 180 noted that in the absence of such resignations, they would file a consent solicitation statement with the Securities and Exchange Commission (“SEC”) to seek consents from holders of at least a majority of the voting power of MVEN securities entitled to vote to remove such directors.
  • Tiger Group Online Auction Features Late-Model Equipment from CBD and Cannabis Manufacturer
    December 1, 2020
    The auction features well-maintained equipment, including: • 2017 Agilent lntuvo 9000 Gas Chromatography System, complete with 7697A Headspace Sampler • 2017 Agilent Ultivo Triple Quadrupole LC/MS System • 2018 Tuttnaur Autoclave, Model EZ11-Plus • Laminar Flow Station • 2017 Waters Preparatory System, Model SFC 350
  • CIT Provides $38 Million Financing for Florida Apartment Complex
    December 1, 2020
    CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided a $38 million senior secured loan toward the acquisition of an apartment complex in Winter Park, Florida. The property, owned by Phoenix Realty Group (“PRG”) and its investors and affiliated entities, is known as Lakeside at Winter Park and consists of 288 units of garden style apartments on more than 26 acres with amenities including a pool, fitness center, clubhouse and tennis, basketball and volleyball courts. The financing was used for the acquisition and to continue ongoing renovations and improvements at the complex.
  • Wingspire Capital Adds Managing Director & National Head of Underwriting
    December 1, 2020
    Wingspire Capital (“Wingspire”) announced that Allison Adornato has joined as Managing Director and National Head of Underwriting. Ms. Adornato will oversee the underwriting of Wingspire’s asset-based lending (“ABL”) products, which range from $20 million to $200 million in transaction size and include revolving lines of credit, fixed asset term loans and cash flow stretch term loans.
  • Hedaya Capital Group Announces a $2,500,000 Factoring Facility for a Luxury Cashmere and Knitwear Company
    December 1, 2020
    The Hedaya Capital Group, Inc. is pleased to announce a $2,500,000 Factoring Facility for a luxury cashmere and knitwear brand. Hedaya was approached by a turnaround consultant when the company’s turnaround was already well underway. Hedaya Capital worked diligently with the CFO and their management consultant to finalize the transaction, takeover the client, and put the company on steady footing for growth. In addition to factoring, Hedaya is issuing letters of credit to the company’s main supplier to secure and facilitate the import of inventory for sale.
  • ConnectOne Bancorp, Inc. Strengthens Executive Leadership Through Key Appointments
    December 1, 2020
    ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced three key appointments at the Bank level. Elizabeth Magennis has been elevated to President, Michael O’Malley has been hired as Executive Vice President and Chief Risk Officer, and Siya Vansia has been named Senior Vice President and Chief Brand and Innovation Officer.
  • Bridge Bank Extends $25,000,000 Credit Facility to Health-Ade
    December 1, 2020
    Bridge Bank today announced it has extended a $25,000,000 credit facility to Health-Ade. Founded in 2012 and based in Los Angeles, Health-Ade is an organic beverage company, selling its beverages in more than 35,000 retailers nationwide, including Whole Foods, Target and Publix. The new credit facility will be used to support growth and expansion initiatives.
  • InterNex Capital Provides $1,500,000 Line of Credit
    December 1, 2020
    InterNex Capital has provided a $1,500,000 Line of Credit (VelocityLOC) to a Maryland company who helps organizations bring drug treatments to the market through health research services.
  • Gordon Brothers Shareholders Donate $1 Million to Global COVID-19 Emergency Relief Fund
    December 1, 2020
    In the spirit of Giving Tuesday, Gordon Brothers, the global advisory, restructuring and investment firm, has announced the firm’s shareholders completed $1 million in donations to charities supporting communities across the globe impacted by COVID-19. The shareholders collaborated with Gordon Brothers employees to establish the $1 million COVID-19 Emergency Relief Fund in March and have together carefully selected over 60 philanthropic organizations working to better the lives of people challenged medically and financially by the pandemic.
  • Clearlake Capital to Acquire Dimora Brands from The Jordan Co.
    November 30, 2020
    Clearlake Capital Group LP agreed to buy Dallas-based Dimora Brands Inc., or TKE Holdings Inc., from middle-market private equity firm The Jordan Co. LP for an undisclosed amount. Dimora provides high-end specialty hardware and home accessories. Baird served as financial adviser and Winston & Strawn LLP acted as legal counsel to Dimora. Nomura Securities Co. acted as an adviser to Dimora's board of directors.
  • Jacobs Engineering to Acquire Majority Stake in PA Consulting
    November 30, 2020
    Jacobs will also provide debt financing to PA through a 650 million euros term loan and a revolving credit facility of up to 100 million euros. It intends to fund the acquisition through a combination of cash-on-hand and existing and incremental debt facilities.