Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and capital assets, today announced that Michael Goldstein has been promoted to Executive Managing Director, Head of Heritage Global Valuations (“HGV”), a division of Heritage Global Partners and a leading asset liquidation and appraisal firm.

King Trade Capital is pleased to provide financing to a California-based company that sells hand sanitizer and sanitizing wipes.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based distributor and fabricator of sheet metal products and industrial supplies.

Weatherford International (collectively with certain of its subsidiaries, "Weatherford" or the "Company") today announced that it has refinanced its senior secured asset-based lending agreement (the "ABL Credit Agreement") through the issuance of $500 million of senior secured first lien notes.

Stonebriar Commercial Finance is pleased to announce the promotion of Harrison P. Smith to Vice President, Credit Manager.

Le Tote, Inc. and Lord & Taylor LLC (together with their respective subsidiaries, the “Company”), will commence Going Out of Busines Sales shortly at the historic brands’ 38 iconic stores and on www.lordandtaylor.com. Kirkland & Ellis LLP is acting as legal advisor to the Company and Berkeley Research Group, LLC is acting as restructuring advisor. Nfluence Partners is acting as the Company’s investment banker and a joint venture of Hilco Merchant Resources and Gordon Brothers are managing the Company’s store closing sales.

Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced that Bain Capital Private Equity will make an investment of $750 million in Convertible Senior Notes to support the Company’s growth initiatives.

Fortress Biotech, Inc. (NASDAQ: FBIO) (“Fortress”), an innovative revenue-generating company focused on acquiring, developing and commercializing or monetizing promising biopharmaceutical products and product candidates cost-effectively, today announced that it has entered into a $60 million loan agreement with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leading global investment firm (the “Agreement”). The company expects the proceeds from the five-year loan will be used to refinance existing indebtedness. The loan will mature in August 2025.

King Trade Capital is pleased to provide financing to a California-based company that sells hand sanitizer and sanitizing wipes. Beginning in February, KTC underwrote and began providing PO financing for the import of hand sanitizer allowing the client to deliver an additional $40 million in sales to Walgreens, CVS and other stores during the peak of the Covid 19 pandemic.

Tradewind Finance has provided a $15 million credit facility to a 75-year-old manufacturer headquartered in Europe with a subsidiary in the USA. The supply chain finance company is an industry leader in international trade financing. The client sells globally and is using the facility to support 120-day open account payment terms.

Kerecis Limited, a regenerative-medicine biologics company, has secured $21 million in new financing. Silicon Valley Bank is providing a revolving line of credit of up to $15 million to meet the company’s near-term working-capital needs. Also, the company’s leading investors and other lenders have provided the company with $6 million in loans that largely consist of convertible notes. The funding will be used to support the company’s expansion plans in the U.S. Kerecis closed a $16 million Series C equity financing in April 2019.

Crestmark is pleased to announce that its equipment leasing and finance group has been recognized by the Monitor, a leading publication of the equipment leasing and finance industry, in its annual rankings of top equipment leasing and finance companies in the U.S. Now in its 29th year, Monitor 100 ranks Crestmark Equipment Finance at No. 69 in net assets, up from No. 70 the previous year; and No. 65 in new business volume, up from No. 68. According to the Monitor 100, Crestmark Equipment Finance’s net assets grew by 15.1 percent from 2018 to 2019, and new business volume grew by 45.9 percent.

MidFirst Business Credit (MFBC) announced it has provided $12.2 million in working capital and term-loan facilities to Ullman Oil Company, LLC. Ullman, located in Chagrin Falls, Ohio, is a full-service, value-added supplier and distributor of gasoline, diesel fuel, biodiesel, home heating oil and lubricants. The funds were used to refinance the payoff to an existing lender, provide working capital and help facilitate further business expansion. The transaction was completed on August 5, 2020.

Monroe Capital LLC (“Monroe”) today announced the closing of a $406.27 million term debt securitization known as Monroe Capital MML CLO X, LTD. The term financing was Monroe’s fifth CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans.

Project finance in the United States has staged a vigorous recovery— aided by the ability of banks to provide liquidity, low funding costs, and a more liquid bond market—since the initial dampening effect of the COVID-19 pandemic, according to the Project Finance team at Mitsubishi UFJ Financial Group (MUFG). The team delivered its remarks at a virtual MUFG media roundtable last week to discuss the current state of project finance with reporters and editors. The roundtable featured Erik Codrington, Head of Project Finance in the Americas; Nanda Kamat, Head of Americas Infrastructure; Alex Wernberg, Head of U.S. Power; and Ralph Scholtz, Head of Project Finance in Latin America.

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $266 million financing for Longroad Energy's 331-megawatt Prospero 2 solar project in Andrews County, Texas. A leader in renewable energy project development, operation and services, Longroad Energy owns over 1.4 gigawatts of wind and solar projects either in operation or construction across the U.S.

Sovos Brands ("Sovos"), a food company backed by global private equity firm Advent International, today announced that it has signed an agreement to acquire the business of Birch Benders, LLC ("Birch Benders"), a fast-growing producer of delicious, better-for-you Pancake and Waffle Mixes, Toaster Waffles, and Pancake and Baking Cups. The acquisition deepens Sovos Brands' role in the breakfast and snacking categories and represents a significant step in the company's mission to acquire and build one-of-a-kind brands that bring consumers delicious food for joyful living. The transaction is expected to be completed by the end of October. Piper Sandler is serving as financial advisor and Haynes and Boone LLP is serving as legal advisor to Birch Benders on the transaction. Weil, Gotshal & Manges is serving as legal advisor to Sovos Brands.

Bell’s newest group of bankers to join our team in Phoenix will help guide commercial lending and deposit growth at Bell’s current and upcoming Arizona locations. (Watch our website and social channels for more info!) Kyle Kennedy, Bell’s Phoenix president and Arizona banking director, announced that Adam Christensen has been named senior vice president (SVP)/commercial banking manager and Gerald Deetz has been named SVP/commercial sales manager in the Phoenix market. They are joined on the commercial leadership team by Heidi Marshall, Kevin Herbst and Ben Allen.

Jason Industries (“Jason” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization (the “Plan”), clearing the way for Jason to successfully complete its Chapter 11 financial restructuring and emerge in the coming days.

Anthony Labozzetta has been appointed to the position of President and Chief Operating Officer. Vito Giannola has been appointed to the position of Executive Vice President and Chief Retail Banking Officer. George Lista will continue in his role as President of SB One Insurance Agency, Inc., a wholly-owned subsidiary of Provident Financial Services. Josephine Moran has been appointed Executive Vice President, Chief Corporate Services & Consumer Lending Officer