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  • HR Veteran Joins CapitalPlus Team
    October 12, 2020
    CapitalPlus Construction Services, a leading provider of accounts receivable financing for the construction industry, recently announced the addition of Clare J. Deegan as Director of Human Resources and Business Office Manager. In her new role she will oversee benefits administration, A/P and A/R functions as well as all personnel management responsibilities, from recruiting and onboarding to team building and exit interviews.
  • North American Construction Group Ltd. Announces $325M Upsized & Extended Credit Facility
    October 12, 2020
    The amendment process commenced in September 2020, led by National Bank of Canada, with the primary objective of extending favourable existing terms and conditions. This agreement took on an increased importance this year as the Company looks to mitigate risks related to the COVID-19 pandemic. With this agreement in place, liquidity is expected to remain well above $100 million for the duration of the agreement.
  • Santander Bank Announces Key Executive Appointments
    October 12, 2020
    Santander Bank, N.A. (“Santander Bank” or “the Bank”) announced today the appointment of three key executives: Patrick Smith has been named Head of Small Business Banking, Giancarlo Marchesi has been named Head of Consumer Lending, and Jennifer Mathissen has been named Chief Marketing Officer. They will report to Head of Consumer and Business Banking Pierre Habis. The appointments are another important step in Santander Bank’s growth and transformation strategy.
  • CVC Credit Partners Prices Second CLO in a Month
    October 12, 2020
    CVC Credit Partners ("CVC Credit") is pleased to announce that it has priced Apidos XXXIV, a Collateralized Loan Obligation ("CLO") fund totalling $402.5 million. This is the second CLO fund CVC Credit has priced in the last month, following the pricing of Cordatus XVIII in late September. Together these funds total c.$850 million of new issuance and will increase CVC Credit's global CLO funds raised in 2020 c.$1.6 billion. Pro forma for both funds CVC Credit's global CLO assets under management now stand at approximately $17 billion. Arranged by Deutsche Bank, Apidos XXXIV is CVC Credit's second new-issue CLO to price in the U.S. in 2020 and will increase U.S. CLO AUM to approximately $10 billion.
  • Paycheck Protection Program (PPP) Policy Update – Wednesday, October 7, 2020
    October 9, 2020
  • IBC Advanced Alloys Secures Extension of Line of Credit and Term Loan Facility with BMO Harris Bank
    October 8, 2020
    IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that it has secured renewals of its existing line of credit and its term loan facility with BMO Harris Bank (”BMO”). The renewals extend the line of credit and term loan facility until September 30, 2021. Approximately $3.5 million is available to the Company under the line of credit.
  • Gateway Trade Funding Closed a Purchase Order Facility for a Beauty Company
    October 8, 2020
    Gateway Trade Funding, a PO and trade financing company, is happy to announce that we recently funded a purchase order facility that gave a beauty company the financing they needed to accept and fill a large order. True + Luscious, a clean beauty company, received a large order but lacked the cashflow to accept it. The growing company turned to Gateway Trade Funding to help fill this order with the help of their purchase order financing.
  • Hilco Global Engaged by Shop-Vac to Assist in Closing Global Operations
    October 8, 2020
    Hilco Global, the world’s premier authority on asset valuation, monetization, and advisory services, announced that they have been retained to assist in the liquidation of U.S. and international operations for Shop-Vac. Shop-Vac was established in 1953 and is headquartered in Williamsport, Pennsylvania. The company pioneered the concept of the wet/dry vacuum cleaner and was the leading manufacturer of wet/dry vacuums and accessories when it ceased operating in September 2020.
  • SC&H Capital Advises A.C. Furniture Company, Inc. in its Sale to Multiple Buyers
    October 8, 2020
    SC&H Capital, a leading investment bank specializing in M&A advisory, announced it acted as the exclusive investment banker to A.C. Furniture Company, Inc. (“A.C. Furniture” or “the Company”) in the sale of its equipment, inventory, and some of its real estate assets to Linon Home Décor Products, Inc. (“Linon”), a New York Corporation. Other real estate parcels were sold to Blue Empire, LLC, and Holland Industrial Group.
  • 24 Hour Fitness Announces Restructuring Support Agreement to Position Company for Long-Term Success
    October 8, 2020
    24 Hour Fitness (the “Company”), an industry-leading fitness brand for over 35 years, today announced that it has entered into a restructuring support agreement (the “RSA”) with lenders beneficially holding approximately 73% of the Company’s secured debt and approximately 65% of the Company’s senior unsecured notes on the terms of a comprehensive restructuring plan (the “Plan”). The RSA sets forth terms for a financial restructuring that will reduce approximately $1.2 billion dollars of funded debt, provide increased financial flexibility to help navigate through the Coronavirus (COVID-19) pandemic, and better position 24 Hour Fitness for long-term success.
  • CIT Chairwoman and CEO Ellen R. Alemany Receives Leadership Legacy Award
    October 8, 2020
    Honored by the Center for Executive Succession at the Darla Moore School of Business for a legacy of fostering talent and delivering performance.
  • First Business Growth Funding Finances Multiple COVID-19 Vaccine Trials
    October 8, 2020
    First Business Growth Funding, a division of First Business Capital Corp., announced today that it is financing multiple COVID-19 vaccine trials at various sites throughout the United States. The COVID-19 vaccine trials are in Stages II and III and involve thousands of subjects.
  • Crestmark Provides More Than $109 Million in Commercial Financing to 109 Businesses in the Second Half of September
    October 7, 2020
    Crestmark secured a total of $15,847,400 in ABL financial solutions for ten new clients; Crestmark Equipment Finance provided $20,343,127 in five new lease transactions; Crestmark Vendor Finance provided $6,111,586 in 79 new transactions; the Government Guaranteed Lending
  • Hilco Redevelopment Partners Announces Sponsorship of HACIA U’s Pre-Apprenticeship Program for Little Village Residents
    October 7, 2020
    The sponsorship will provide up to 24 Little Village and Chicago Residents the opportunity to attend the full pre-apprenticeship program tuition free to prepare for a valuable career in the trades.
  • Canadian Solar, KEPCO and Sprott Close US$93 Million Non-Recourse Financing with SMBC for the Tastiota Project in Mexico
    October 7, 2020
    Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), announced today the financial close of its 126 MWp Tastiota project in the state of Sonora, Mexico. The non-recourse financing package, arranged by Canadian Solar, was provided by Sumitomo Mitsui Banking Corporation ("SMBC"). SMBC acted as Sole Structuring Bank and Mandated Lead Arranger in the transaction.
  • Kugman Partners Continues to Expand Professional Staff
    October 7, 2020
    Kugman Partners is pleased to announce an addition to our professional staff. Nathan Hoover joined the firm as an associate on September 1st. Nathan Hoover is a corporate advisor and financial analyst with demonstrated success in forming and implementing strategy for organizations experiencing transition, including stress and distress; managing complex sale transactions; and supporting C-suite and management teams with development of sophisticated reporting tools, presentation templates, and financial models.
  • Peapack-Gladstone Bank Hires New Senior Managing Director
    October 7, 2020
    Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Michael J. Mulcahy, Senior Managing Director, Commercial Private Banker (C&I). Michael is responsible for developing and growing a portfolio of commercial clients in the markets the Bank serves. With the fragmentation in the market, he will be able to successfully deliver our full suite of products utilizing our boutique service model and advice-led strategy.
  • Monroe Capital Wins Private Credit Strategy of the Year Award by Pension Bridge Institutional Asset Management Awards
    October 7, 2020
    Monroe Capital LLC (“Monroe”) was selected as the recipient of the 2020 Private Credit Strategy of the Year by the Pension Bridge Institutional Asset Management Awards. The award was presented to the firm’s Monroe Capital Senior Secured Direct Loan Fund at the awards ceremony on September 24, 2020. The Pension Bridge Institutional Asset Management Awards recognize and reward the institutional asset management industry for performance and excellence across various strategies, enabling asset managers to benchmark and prove themselves against their competition.
  • Pathlight Capital Agents $125MM FILO Facility for Neiman Marcus Group
    October 7, 2020
    Pathlight Capital ("Pathlight") announced it is serving as the FILO Agent on the recently funded $125,000,000 FILO Facility for The Neiman Marcus Group ("Neiman Marcus" or the "Company"), one of the largest omni-channel luxury fashion retailers in the world. The FILO Facility was funded upon the Company's successful emergence from Chapter 11 on September 25, 2020. Proceeds from the facility will be used to refinance existing debt and provide liquidity to support the reorganized Company's ongoing operations and strategic initiatives.
  • The Second City, the Iconic Sketch and Improv Comedy Brand, Announces Intention to Sell
    October 7, 2020
    Sale of the legendary comedy empire that helped launch the careers of comedians from John Belushi to Tina Fey to Keegan-Michael Key. Global investment bank Houlihan Lokey will advise on the sale on behalf of The Second City.