When a west coast apparel brand needed a reliable factoring partner to support its ambitious growth for 2020, they aimed their spindle at Fast AR Funding. The apparel brand sought a financial partner that didn’t have any minimums, contracts or set up fees. As retailers reopen at different capacity levels across the country, the apparel brand wanted to freedom and flexibility to submit invoices only when they needed an advance. While the flexibility was required, they additionally wanted to avoid fees for months where they are unable to ship to a retailer. The brand expects to have a strong holiday season with the comfort of having Fast AR funding along for the ride.

Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing novel therapies for the management of central nervous system (CNS) disorders, has secured a $225 million term loan facility with Hercules Capital, Inc. (NYSE: HTGC). The committed capital strengthens the Company’s balance sheet through the anticipated commercial launches of its two lead product candidates, AXS-05 for major depressive disorder (MDD) and AXS-07 for migraine, and extends its cash runway into at least 2024, based on current operating plans.

PopReach Corporation ("PopReach" or the "Company"), a free-to-play mobile game publisher focused on acquiring and optimizing proven game franchises, is pleased to announce that its wholly-owned subsidiary, PopReach Incorporated, has closed the previously announced US$7.5 million senior secured credit facility (the "New Facility") with a leading Canadian Schedule I Bank (the "Lender").

Wabash National Corporation (NYSE: WNC) today announced the closure of a new Term Loan due September 2027. The $150 million facility priced at Libor plus 325 basis points inclusive of a Libor floor of 75 basis points and bears no restrictive financial covenants. The Company intends to use the proceeds of the new loan to pay off its existing $135 million Term Loan due March 2022. Remaining proceeds have been used to pay related issuance costs and expenses as well as repay $10 million of the Company’s high yield notes, which are now its nearest maturity of outstanding debt, due October 2025.

FrontWell Capital Partners (“FrontWell”), a private credit fund that provides transitionary senior debt financing to middle-market companies in the United States and Canada, today announced its newly formed Advisory Board, comprising Senior Advisors Matthew Lyness, Uwe Manski and Eric Klein. Mr. Lyness, Mr. Manski and Mr. Klein each brings to FrontWell deep experience across capital markets, restructuring and insolvency and will work closely with FrontWell’s senior leadership and deal origination and underwriting teams.

North Mill Capital announced it provided $4 million revolving line of credit to Tropical Aquaculture Products, Inc. Tropical Aquaculture Products, Inc. is an importer and distributor of fresh seafood headquartered in Rutland, VT. The funds were utilized to pay off the current bank credit line and provide additional working capital for the company.

A&G Real Estate Partners today announced that it is now marketing leases for 163 recently closed Pizza Hut sites in 26 states in connection with its role as real estate advisor for multi-concept franchisee NPC International, Inc., which is restructuring under Chapter 11. All bids are due by October 23, 2020. The Melville, NY-based firm also continues to advise NPC on optimizing the real estate portfolio for the more than 1,000 of its Pizza Hut and Wendy’s locations that remain in operation.

Tree Line Capital Partners, LLC (“Tree Line”), and CVC Credit Partners (“CVC Credit”) provided an increase to their existing term loan to $127,300,000 to Ingenio to support an add-on acquisition. Tree Line served as Administrative Agent and Lead Arranger on the transaction.

HomeStreet Bank (the “Bank”), the subsidiary bank of HomeStreet, Inc. (Nasdaq: HMST) (“HomeStreet” and together with the Bank, the “Company”), today announced the appointment of David Parr as Executive Vice President and Director of Commercial Banking. In this role, David will be responsible for the commercial lending business across the Bank’s presence in Washington, Oregon, California and Hawaii.

Sallyport Commercial Finance helps a well-known make-up and cosmetic brand with a $4,000,000 accounts receivable facility securing their future with ongoing sustainable financing. The company is now positioned for positive growth as they expand into new markets overseas.

Churchill Asset Management LLC (“Churchill”), an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, has hired Kelli Marti as Managing Director and CLO Portfolio Manager, effective October 1, 2020.

Monticello’s asset-based lending group, Monticello Commercial Capital LLC, provided the financing. No further details were disclosed.

Alternative investment managers (Alt-IMs) are seeing various unexpected benefits as a result of the economic fallout of the coronavirus pandemic, with the outlook for interest rates in most major economies remaining low through 2023 expected to fuel inflows, Fitch Ratings says. Lower rates should continue to benefit Alt-IMs as investors seek to deploy capital into potentially higher-yielding private asset classes, while partnerships with insurance companies may become even more compelling. Other tailwinds for Alt-IMs in the face of the pandemic include longer periods of base fee generation, as the pace of realizations slow.

TAB Bank is pleased to announce it has provided a $10 million asset-based revolving credit facility for a traffic control company based in California. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.

Concurrent with the acquisition, the Company entered into a revised credit facility with PNC Bank which increased its term loan facility by approximately $10 million to $17.5 million and increased its revolving loan facility to $30 million, an increase of $7.5 million from the previous credit line of $22.5 million.

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $74 million senior credit facility and revolving line of credit to Specialty Dental Brands ("SDB" or "the Company"), a dental services organization focused on pediatric dentistry, orthodontics, and oral surgery.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced the addition of David Weinstein to its Restructuring & Dispute Resolution practice. Weinstein joining the team, which follows the addition of eight turnaround and restructuring veterans last year, will expand senior resources for debtor and lender workouts and restructuring both in and out of court. Based in Florida, his hire also expands the firm’s local presence to better service clients in this region.

StreetTrend LLC announced that it has acquired the European based sneaker brand P448 from NoThanks SpA, headquartered in Forli, Italy. The new consolidated entity will be called P448 SpA and will become part of the StreetTrend portfolio of footwear and fashion brands. StreetTrend LLC is a fashion footwear and street wear brand portfolio holding company under the leadership of Wayne Kulkin, former CEO of Stuart Weitzman. The company was formed in 2017 as a JV partnership with Jeffrey Hecktman, CEO of the international investment and financial services company Hilco Global.

CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited. The loan is secured by three large container vessels operated by Maersk A/S, a direct subsidiary of AP Moller Maersk, which owns and operates more than 700 container vessels worldwide.

White Oak Global Advisors, LLC (“White Oak” or “the Firm”) today announced it has entered a formal partnership with the Sustainability Accounting Standards Board (“SASB”), a global nonprofit founded to help businesses around the world identify, manage and report on a wide range of sustainability issues. This partnership will enable White Oak to incorporate SASB’s standards into its ESG research and underwriting processes for prospective credit issuance.