Stonebriar Commercial Finance announced the closing of a $30 million sale and leaseback with an industry leading producer and marketer of agricultural, mining and industrial chemicals. The lease proceeds, based on an in-place and in-continued-use fair market valuation, supported the retirement of prior indebtedness and created incremental liquidity to be used by the lessee for general corporate purposes. This closing represents the third capital commitment by Stonebriar to the lessee.

The Secured Finance Network (SFNet) named Theresa Driscoll and Julia Gavrilov, attorneys at Moritt Hock & Hamroff (MH&H), to its Top Women In Commercial Finance List for 2020 in recognition of their outstanding achievements and leadership in the commercial finance industry.

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This year marks the 20th anniversary of Tradewind Finance, whose financial services have supported small and medium-sized businesses globally for two decades. It has been an honor for the company to work with their clients across industries as their trusted financial partner. In addition to a solid foundation of years in operation, the milestone signifies the company’s growth – in offices, business relationships, and capabilities.

Timbercreek Financial Corp. (TSX: TF) (“Timbercreek Financial” or the “Company”) is pleased to announce that it has entered into an amendment to its existing revolving credit facility (“Credit Facility”) in order to, among other things, exercise a portion of the accordion feature of the Credit Facility. The exercise of the accordion feature has increased the total revolving commitment of the lenders under the Credit Facility by $35,000,000, bringing the aggregate limit under the Credit Facility to $535,000,000. General terms of the Credit Facility remain unchanged.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance group, part of the company's Commercial Finance division, provided a $20 million senior secured credit facility for Protech Home Medical Corp. (TSXV: PTQ) (OTCQX: PTQQF), a leader in the home medical equipment industry focused on end-to-end respiratory care. Based in Cincinnati, Ohio, Protech Home Medical provides clients with a broad range of in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States healthcare market.

Katten announced today that the firm has added a new partner, Michaela Crocker, to its Insolvency and Restructuring practice in Dallas. She is the tenth attorney to join the practice this year and the third this month. Crocker, who helps clients navigate some of the most complex Chapter 11 cases, also is the latest partner addition to Katten's Dallas office, which opened in 2018 with seven partners and has since expanded to more than 40 attorneys.

TAB Bank is pleased to announce it has provided a $2.5 million asset-based revolving credit facility for manufacturing trucking based in Florida. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.

Alvarez & Marsal Taxand, LLC (A&M Taxand), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), strengthened its energy-focused mergers and acquisitions (M&A) tax advisory services with the appointment of Houston-based Kyle Seipert as a Managing Director. This appointment further enhances A&M’s robust offerings to the oil and gas industry and reflects the firm’s commitment to help energy company clients navigate challenges and maximize value as the industry undergoes major transformation.

The Hedaya Capital Group, Inc. is pleased to announce a $1,000,000 factoring facility for a family-owned outdoor apparel company. Inspired by nature's playground, the company introduces innovative clothing and gear to outdoorsmen and hunters. We acquired them from another factor, we were able to provide a more flexible financing solution to meet their needs.

Court Approves Disclosure Statement and Debtor-in-Possession Financing on Final Basis; Debtor-in-Possession Financing to Convert to Exit Financing Upon Emergence Company to Begin Solicitation of Votes for Plan of Reorganization; Amended RSA Supported by Approximately 95% of Secured Term Lenders FullBeauty Wins Auction to Acquire Catherines’ E-Commerce Business for Over $40 Million Well-Positioned to Execute Customer-Centric Retail and E-Commerce Business Model ascena retail group, inc. (OTCMKTS: ASNAQ) and certain of its subsidiaries (collectively, “ascena” or the “Company”) today announced recent milestones achieved in the Company’s Court-supervised restructuring process.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Elisa DePalma, Senior Vice President, Head of Commercial Closing, Credit Risk Management. Working out of the Bank’s Teaneck location, Elisa oversees management of the Commercial Closing Department. Ms. DePalma is a demonstrated leader and team player and will reinforce and expand positive working relationships across the Bank.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Elisa DePalma, Senior Vice President, Head of Commercial Closing, Credit Risk Management. Working out of the Bank’s Teaneck location, Elisa oversees management of the Commercial Closing Department. Ms. DePalma is a demonstrated leader and team player and will reinforce and expand positive working relationships across the Bank.

Tiger Finance, a wholly owned affiliate of Tiger Capital Group, today announced that it has closed on a $10 million delay draw term loan to Nu-Steel Trade that provides working capital for growth and acquisition opportunities.

Stonebriar Commercial Finance (“Stonebriar”) is pleased to announce that Dylan Glenn has joined its Board of Managers as an independent board member. Dylan currently serves as a director of Intellicheck, Inc. (IDN), a leading provider of authentication services for companies primarily in area of financial services, and a Russell 3000 company listed on NASDAQ.

When a Los Angeles apparel manufacturing and import company sought funding for their 2020 Fall and Winter orders, they chose Republic Business Credit to fuel their growth. Republic approved a scalable traditional facility to support their expected growth in anticipation of the orders they have received for additional reopening of retail stores. Republic fully approved the customer limits necessary to enable the company to fulfill large purchase orders in the midst of Covid-19.

Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced today that on September 18, 2020 it entered into an amendment and extension of its $230 million Senior Secured Revolving Credit Agreement (the "Facility"). The Company extended the commitment termination date of the Facility to September 18, 2024 with a final maturity of September 18, 2025, and amended certain covenants and conditions of the Facility, including a reduction in the required asset coverage. The Facility was led by Zions Bancorporation, N.A. dba Amegy Bank, and includes a total of 10 bank participants. Pricing and advance rates remain unchanged on the Facility, except for the addition of a LIBOR floor of 0.25%.

Tallinn Capital Energy Corp. (“Tallinn”) is pleased to announce that it has provided a $2.2MM senior term loan to 2273271 Alberta Ltd. (“227AB”) for acquisition financing. 227AB is a junior oil and natural gas producer with operated facilities and assets in the greater Pembina area of west central Alberta.

Iron Horse Credit is excited to partner with a well-known brand in the sports accessories industry selling in the U.S. and Canada. Due to the current market conditions and their impact in the retail space, the company shifted its focus to its e-commerce business. The incumbent asset-based lender reduced the line of credit as the company’s inventory exposure exceeded its accounts receivable balance. Through a referral, Iron Horse Credit partnered with a trusted accounts receivable lender to provide the company with the working capital solution it needed without any AR-to-inventory restrictions.

Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $2 million purchase order finance facility for a California-based toy company. A former client of Rosenthal’s had secured a bank line a few years ago when it no longer required purchase order financing to support its production financing requirements. However, COVID-19 challenges coupled with a restructuring of their business, gave way to bank-imposed covenants and restrictions that threatened to impede their holiday and 2021 sales. Concerned that these restrictions would make it difficult to achieve sales targets for Q4 and into next year, the company returned to Rosenthal.