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  • FTI Consulting Expands Global Aviation Offering
    August 10, 2020
    FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in its Aviation offering with the launch of a dedicated global industry practice and the appointment of two Senior Managing Directors and four Managing Directors. This team will immediately enhance the firm’s depth of expertise for airlines, manufacturers, lenders, lessors, investors and other aviation-industry players, as they continue to respond to the changing environment, stabilize their businesses amid profound uncertainty and take a leading position to emerge from the downturn.
  • WhiteHorse Capital Continues Expanding the Sponsor Originations Team with the Addition of Jason Hicks as Principal
    August 10, 2020
    WhiteHorse Capital (“WhiteHorse”), the direct lending affiliate of H.I.G. Capital, a leading global alternative investment firm with $39 billion of equity capital under management, is pleased to announce the addition of Jason Hicks as Principal. He will be based in WhiteHorse’s New York office and will be responsible for originating and executing middle market debt financings for private equity sponsored transactions.
  • Monroe Capital Corporation BDC Announces Second Quarter 2020 Financial Results
    August 6, 2020
    Second Quarter 2020 Financial Highlights: • Paid quarterly dividend of $0.25 per share; • Current annual cash dividend yield to shareholders of approximately 15.9%1; • Shares trading at a Price to NAV of 0.61x2; • Net Investment Income of $12.6 million, or $0.61 per share; • Adjusted Net Investment Income of $12.8 million, or $0.62 per share; and • Net increase in net assets resulting from operations of $14.2 million, or $0.69 per share
  • BlackRock TCP Capital Corp. Announces Appointment of Andrea Petro to Its Board Following the Retirement of Brian Wruble
    August 6, 2020
    BlackRock TCP Capital Corp. (NASDAQ: TCPC) (“we,” “us,” “our,” “TCPC” or the “Company”) announced today that Brian Wruble retired from the Board of Directors effective August 4, 2020. Additionally, TCPC appointed Andrea Petro as an independent director. Ms. Petro will serve on the Audit Committee, Governance and Compensation Committee, and Joint Transactions Committee.
  • Viad Corp Secures Additional Capital of up to $180 Million and Amends Credit Facility for Enhanced Financial Flexibility
    August 6, 2020
    Viad Corp (NYSE: VVI) today reported that it has closed on an agreement with funds managed by private equity firm Crestview Partners for the private placement of up to $180 million of preferred stock, and an agreement with its lender group to enhance the Company’s financial flexibility for the next eight fiscal quarters. Viad was represented in the transaction by Moelis & Company LLC as placement agent and Latham & Watkins LLP as legal advisor. Crestview was represented by Jefferies Group LLC and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor.
  • Metropolitan Bank Holding Corp. Appoints Dixiana Berrios Chief Operating Officer
    August 6, 2020
    Ms. Berrios brings more than 24 years of experience across a broad range of financial, digital and management disciplines, primarily in the banking sector. Most recently, she was Executive Vice President, Director of Operations at Amalgamated Bank, New York, NY.
  • First Eagle Alternative Credit Appoints Michelle Handy to Direct Lending Investment Committee
    August 6, 2020
    First Eagle Alternative Credit, LLC (“FEAC”) today announced the appointment of Michelle Handy, a Managing Director and Head of Portfolio & Underwriting for the firm’s Direct Lending platform, to its Direct Lending Investment Committee. Since joining the firm, then known as THL Credit in 2016, Handy has been responsible for overseeing the underwriting and management of investments across the portfolio. She joins three other primary members on the Direct Lending Investment Committee: Chris Flynn, President; Jim Fellows, CIO; and Terry Olson, COO and CFO. There are also rotating committee members who provide industry expertise.
  • A&G Accepting Offers on Phoenix Distribution Center in Tuesday Morning Corp. Bankruptcy Organization
    August 5, 2020
    A&G Real Estate Partners is now accepting bids on the leasehold interest for Tuesday Morning Corporation’s Phoenix distribution center in connection with its role as real estate advisor in the retailer’s Chapter 11 bankruptcy reorganization case. State-of-the-art facility offers turnkey opportunity for e-commerce, store fulfillment or other distribution applications.
  • Amerisource Closes $6,500,000 Revolving Line and Term Loan for Chemical and Additive Manufacturer In Texas
    August 5, 2020
    Amerisource Business Capital announced the closing and funding of a $6,500,000 credit facility for a chemical and additive manufacturer based in Texas. Proceeds of the facility were used to support the company’s continued growth.
  • Hedaya Capital Group Announces the Completion of a $750,000 Factoring Facility for an Infant and Toddler’s Clothing Importer
    August 5, 2020
    The Hedaya Capital Group, Inc. is pleased to announce a $750,000 factoring facility for an infant and toddler’s clothing importer. The company was a spin-off from a larger importer based in New York City, and is expected to do $5,000,000 in sales in its first year as an independent entity.
  • Stenn Launches International Trade Financing for Professional Services
    August 5, 2020
    Digital trade finance provider Stenn, a pioneer in offering innovative international financing solutions for diverse sectors, today announced the launch of its new Professional Services Finance Program. The program delivers international invoice financing for service providers across the globe.
  • TAB Bank Provides Outsourced Customer Service Company in Colorado with a $3 Million Revolving Credit Facility
    August 5, 2020
    TAB Bank is pleased to announce it has provided a $3 million revolving credit facility for an outsourced customer service company based in Colorado. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.
  • Commercial Funding Inc. Enters the Asset Based Lending Market
    August 5, 2020
    Commercial Funding Inc., a national provider of invoice factoring and accounts receivable financing, has added asset-based loans to its funding solutions. Designed to meet the needs of small to mid-market sized businesses operating in the business-to-business space, Commercial Funding’s asset based loans will typically range from $500,000 to $2,500,000.
  • Morgan Stanley Private Credit and Comvest Partners Announce Junior Capital Financing for von Drehle Corporation
    August 5, 2020
    Headquartered in Hickory, North Carolina, von Drehle Corporation is a leading independent vertical-integrated manufacturer of paper tissue and towels. With its best-in-class paper making facilities in Cordova, North Carolina, and Natchez, Mississippi, coupled with a broad footprint of paper converting facilities, von Drehle is able to supply accounts nationwide with industry-leading customer service.
  • Alvarez & Marsal Launches North American Automotive and Industrials Group
    August 5, 2020
    Leading global professional services firm Alvarez & Marsal (A&M) has announced the hiring of Rick Kozole as Managing Director. Based in Detroit, Mr. Kozole will serve as the leader of the firm’s North American Automotive and Industrials Group. Mr. Kozole also joins the senior leadership team of A&M’s global Aerospace, Defense & Aviation team. His appointment expands A&M’s ability to provide these sectors with complex, enterprise-wide restructuring and performance improvement solutions in the areas of engineering, procurement, manufacturing, quality and logistics.
  • Huntington Business Credit Close New $25,128,000 Credit Facilities with LL Flex LLC
    August 5, 2020
    Huntington Business Credit announced it closed new $25,128,000 credit facilities with LL Flex LLC on June 26, 2020. LL Flex LLC is owned by Centre Lane Partners, a private equity firm based in New York City. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth financing.
  • Alterna Capital Solutions Celebrates 2 Years With Completion of Additional $15 Million Equity Investment and a $30 Million LOC Increase
    August 4, 2020
    Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, today announced the completion of an additional $15 million private equity investment from Alterna Equity Partners, coinciding with a line increase of $30 million from Texas Capital Bank to complement a $50 million asset-based credit facility led by Wells Fargo Capital Finance.
  • Blackstone Hires Former Amazon Executive Christine Feng as Senior Managing Director
    August 4, 2020
    Blackstone (NYSE:BX) today announced that Christine Feng, a former senior executive at Amazon focused on mergers and acquisitions, has joined the firm as Senior Managing Director. Ms. Feng will be based in San Francisco and focus on technology investing for Blackstone’s opportunistic investing platform, Blackstone Tactical Opportunities, and will also work closely with Blackstone’s credit investing platform, GSO.
  • OpenGate Capital Strengthens Management Team with Tenured Chief Financial Officer Heather Malloy Joins OpenGate as CFO
    August 4, 2020
    OpenGate Capital, a global private equity firm, announced today that their senior leadership team has expanded with the addition of Heather Malloy who joined the firm today as Chief Financial Officer based in the firm’s Los Angeles office. Malloy is a tenured, private equity finance executive with an extensive background in corporate strategy, structuring, and systems. She is experienced in control buyouts, senior, junior, and mezzanine debt, structured finance, and asset-backed securities.
  • Truist Securities: Corporate and Investment Banking Powerhouse Created by Combination of SunTrust Robinson Humphrey and BB&T Capital Markets
    August 4, 2020
    Truist Financial Corporation (NYSE: TFC) today announced that its corporate and investment banking businesses, SunTrust Robinson Humphrey and BB&T Capital Markets, have integrated and are now doing business as Truist Securities.