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  • Crestmark Provides More Than $23.1 Million in Commercial Financing to 11 Businesses in the First Half of November
    November 18, 2020
    Crestmark secured a total of $6,050,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $4,371,057 in three new lease transactions; the Government Guaranteed Lending group provided $12,722,000 in financing for three new clients in the first half of November.
  • Republic Provides a $3.75m Line of Credit Facility for a Plastics Manufacturing Company
    November 18, 2020
    Republic Business Credit provided a $3,750,000 ledgered line of credit facility secured by accounts receivables and inventory that injected significant acquisition and growth working capital into its war chest. Republic was introduced to the opportunity from an investment bank that was advising the company on a strategic basis to raise debt and potentially equity in the future.
  • EPSG Extends and Expands Revolving Credit Facility with People’s United Bank
    November 18, 2020
    EPSG, a leading integrator of payment technology solutions, announced today that it has extended and significantly expanded its existing revolving credit facility (“The Credit Facility”) with People’s United Bank (“People’s United”), N.A., a subsidiary of People’s United Financial, Inc. (NASDAQ: PBCT).
  • Cerebro Capital: New Survey Examines $1 Trillion Non-Bank Commercial Lending Market
    November 18, 2020
    Cerebro Capital, a commercial loan platform, today released its new quarterly survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results illustrate the perspectives of private credit lenders, also known as alternative lenders, or non-bank lending institutions.
  • Gannett Announces Refinancing of Approximately $500 Million of Debt
    November 18, 2020
    Gannett Co., Inc. ("Gannett", "we", "us", "our", or the “Company") (NYSE: GCI) today announced that it has refinanced approximately $500 million of its 11.5% term loan, maturing in 2024, with 6.0% convertible notes due in 2027. The refinancing reduces the outstanding term loan to $1.118 billion. The refinancing was unanimously approved by the Company’s Board of Directors. The Company was advised by Greenhill & Co., LLC and Cravath, Swaine & Moore LLP.
  • Surge Energy Inc. Announces Closing of $40 Million, 4 Year BDC Term Facility; Confirms Extension of Credit Facility Maturity to December 31, 2021; Receipt of $50.6 Million EDC Credit Facility Commitment
    November 18, 2020
    Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has executed definitive agreements with the Business Development Bank of Canada ("BDC"), in partnership with the Company's syndicate of lenders (the "Syndicate"), for a non-revolving facility of $40 million, providing attractive interest rates over a four year term (the "Term Facility").
  • Access Point Financial Secures $8.85 Million To Refinance the Grand Rapids’ Delta Hotel by Marriott
    November 18, 2020
    Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT to refinance the Delta by Marriott in Grand Rapids, Michigan.
  • Pathlight Capital Agents $180m Senior Secured Credit Facility For Christmas Tree Shops Acquisition
    November 18, 2020
    Pathlight Capital LP ("Pathlight") announced it is serving as the Administrative Agent on the recently funded $180 million Senior Secured Credit Facility for Christmas Tree Shops ("CTS" or the "Company"), a brick-and-mortar discount retailer with a focus on seasonal products at a value price point.
  • Monroe Capital Announced it Provided $450 Million to Over 20 Women and Minority-Owned Businesses
    November 18, 2020
    Ted Koenig, President & CEO of Monroe Capital, commented, “We wanted to make known our commitment to financing quality women and minority-owned or managed businesses. We have been consistent in our efforts to deploy capital to these businesses over the years. Not only is it the right thing to do from a community perspective, it is also the right thing to do from a business perspective.”
  • InterNex Capital Provides $3,400,000 VelocityFlex Funding Solution to Texas Technical Staffing Company
    November 18, 2020
    InterNex Capital provided a $3.4 million VelocityFlex funding solution to a Texas company specializing in technology staffing services to mid to large-cap companies. The company sought a flexible funding solution to pay off their existing debt and provide additional working capital while desiring to only monetize certain current assets without any minimum or guaranteed commitments.
  • mBank Business Credit Funds $1,250,000 Line of Credit for a Michigan-based Manufacturer
    November 18, 2020
    A Michigan manufacturer of cutting tools was looking for a new lender. mBank Senior Management personally visited the client and reviewed their plans and met with all management. mBank then presented the company with a customized financial package that met their needs. The loan closed in November 2020.
  • Sterling National Bank Provides $500,000 in Senior Secured Credit Facilities to Sporticulture
    November 18, 2020
    Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $500,000 to Sporticulture. The credit facilities will be used to provide working capital to further support the Company’s future growth.
  • Express Trade Capital, Inc. Closes $6MM Factoring Facility for Menswear Importer
    November 18, 2020
    A prominent menswear importer faced with rapidly growing sales was constrained by the limits of their existing bank facility. Express’s breath of knowledge in the apparel industry, specifically in menswear, allowed for a quick, seamless set up and transition from the client’s old facility. The client and Express knew each other from previous dealings which gave all parties more trust and allowed Express greater flexibility and speed to deliver ample, aggressive financing from Day 1.
  • Focus Lenders Services LLC and Gerrard Group Inc. Join Forces
    November 17, 2020
    By having Focus Lenders Services Group (FLSG) perform the Field Exam and walk-through inspection for a company’s Inventory, and having Gerrard Group, Inc. (GGI) perform the “gross & net” Forced and Orderly Liquidation Inventory Appraisal eliminates the duplication process due to only needing a one-time visit/ walk through inspection, which reduces travel expenses & appraisal fees (approximately 10% to 30% plus savings).
  • Summit Midstream Partners, LP Announces Anticipated Closing Date of SMP Holdings' Term Loan Restructuring & Concurrent Full Settlement of DPPO
    November 17, 2020
    Summit Midstream Partners, LP (NYSE: SMLP) announced today that substantially all closing conditions to the previously announced consensual Term Loan restructuring transaction (the "TL Restructuring") involving its wholly owned, indirect subsidiary, Summit Midstream Partners Holdings, LLC ("SMP Holdings") have been satisfied. Lenders collectively holding 100% of the aggregate principal amount of claims, including the approximately $155.2 million in principal amount outstanding, under SMP Holdings' Term Loan (the "Term Loan") have consented to the TL Restructuring and, at closing, will receive their pro rata shares of consideration consisting of $26.5 million of cash and approximately 2.3 million SMLP common units currently pledged as collateral under the Term Loan
  • John P. Malfettone Joins Alvarez & Marsal’s Global Transaction Advisory Group as a Senior Advisor
    November 17, 2020
    Leading global professional services firm Alvarez & Marsal (A&M) has appointed John P. Malfettone as Senior Advisor with the firm’s Global Transaction Advisory Group. Mr. Malfettone will work with Global Transaction Advisory leaders to identify solutions to maximize emerging merger and acquisition (M&A) and private equity trends. His appointment boosts the firm’s bench of senior transaction advisors and reflects its commitment to expanding executive leadership talent in support of clients’ increasingly complex demands.
  • Andrew Wilson Joins Rockland Trust’s Asset Based Lending Team
    November 17, 2020
    Rockland Trust announced today the hiring of Andrew Wilson as Vice President, Relationship Manager as part of their Asset-Based Lending Department. In this role, Andrew will be responsible for managing a portfolio of asset-based lending relationships, while attracting new clients to the team.
  • King Trade Capital Provides a $4.5 Million Supply Chain Finance Facility For NY Medical Gown Supplier
    November 17, 2020
    King Trade Capital is pleased to announce the completion of a $4.5 million purchase order-based supply chain finance facility for a New York based PPE distributor importing medical gowns to be delivered to the US Government. King Trade was contacted by a nationwide asset-based lender that was asked to help find a PO Finance partner to finance the gown company’s large contract awarded by the US Government. The government contract created a supply chain finance need to help the client pay for the production of gowns manufactured in China and ship them to the US.
  • Flatbay Capital LLC Closes $2.4MM CRE Loan for Private Equity-Owned Steel Distributor
    November 17, 2020
    Flatbay Capital LLC (“Flatbay”) (www.flatbay.com) announces the closing of a $2,400,000 commercial real estate term loan for a private equity-owned steel distributor based in Houston. The deal was referred by their large regional bank, who wasn’t able to provide the working capital due to regulations, the client’s current cash flow position, and the percentage of exposure in the energy sector. The property was used as collateral for the 2-year interest only term loan, and provided the perfect solution to bridge the gap until the economy recovers.
  • Business Capital Secures Financing for Women’s Footwear Group
    November 17, 2020
    Business Capital (BIZCAP®) secured a Credit Facility for a leading curator of world class footwear brands for women, in business for over 80 years. The Company is unique in that it offers extended sizes in each of their brands, all of which are innovatively designed to balance comfort and fashion and are crafted from premium quality materials. T