Celtic Capital Corporation today announced its most recent new client relationship – an Indiana-based manufacturer of all aspects of commercial and industrial sheet metal installations.

Hitachi Capital America Corp. (HCA) today announced that Brian Blend has joined the company as Regional Controller, Technology Finance. Brian is responsible for managing all aspects of the day-to-day relationships of assigned clients in the technology sector. He is based in Columbus, Ohio and reports to Steve Weislogel, Chief Operating Officer of the Technology Finance business.

Sunflower Bank, N.A. is pleased to announce it provided revolving and term debt commitments in connection with an investment in Team Laboratory Chemical, LLC (“Team Lab”). Sunflower Bank partnered with Team Lab’s management team, Lightspring Capital Partners and Plexus Capital to support the future growth of Team Lab.

Sunflower Bank, N.A. is pleased to announce it provided $15 million in commitments to support the redemption of shares and future growth of QuickBox Fulfillment. The transaction closed in November 2019. In this transaction, Sunflower Bank provided senior debt financing in connection with an investment made by Pike Street Capital. Additionally, Sunflower Bank provided QuickBox with a revolving line of credit in support of the company’s operations and future growth.

TCI Business Capital (www.tcicapital.com) is pleased to announce the hiring of Scott Franzen as Senior Vice President, Business Development. Mr. Franzen brings over 27 years of Sales and Business Development experience in the Factoring industry to his role. He is responsible for selling invoice factoring services to trucking fleets throughout the Midwest.

Akin Gump Strauss Hauer & Feld LLP served as the Company’s legal counsel, PJT Partners, Inc. served as its financial advisor and AlixPartners LLP provided a managing director to serve as chief restructuring officer and served as restructuring and operations advisor. Gibson, Dunn & Crutcher LLP and Houlihan Lokey, Inc. served as legal counsel and financial advisor, respectively, to an ad hoc group of certain of the Company’s lenders.

M-III Partners, LP, a leading independent corporate advisory firm, today announced two new additions to the firm's team of advisory, restructuring, and turnaround veterans. Thomas Biaggi, an executive with more than 35 years of experience managing distressed and special assets, and Keshav Lall, an expert in identifying and maximizing value in distressed assets, have joined M-III as Managing Directors, effective immediately.

CIT (NYSE: CIT) today outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. In addition, it will provide support for several community initiatives across the company's footprint that aim to provide relief to those impacted by the pandemic, with approximately half of the funding supporting nonprofits assisting small businesses in California.

Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it has increased commitments under its Revolving Credit Facility (the “Facility”) to approximately $3.6 billion and extended the final maturity date to March 30, 2025. The Facility was led by JP Morgan, Bank of America, SunTrust Robinson Humphrey, BMO Capital Markets, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation and includes a total of 37 bank participants. Pricing and advance rates remain unchanged on the Facility.

The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), and the State Banking Regulators (hereafter, the agencies), are issuing this interagency statement to provide additional information to financial institutions who are working with borrowers affected by the Coronavirus Disease 2019 (also referred to as COVID-19).

With a negative net worth of $65 billion and an additional $140 billion in unfunded liabilities, the USPS originally expected to run out of liquidity by 2021 without intervention. That has accelerated rapidly because of COVID-19. Fewer people and businesses are sending mail because of the outbreak, which could hasten the decline of the Postal Service and close its doors as early as June, officials warned.

Mitsubishi UFJ Financial Group (MUFG) announced today that given the global impact and disruption of COVID-19, the company is taking measures to support communities in which it serves across the United States, Latin America and Canada, as well as clients and colleagues.

Despite unprecedented social and economic paralysis, many global companies continue to plan major transformation programs. More than half (56%) of executives globally are opting to transform through transaction and plan an acquisition in the next 12 months, according to our Capital Confidence Barometer survey of more than 2,900 C-suite executives globally.

J D Factors announced it has provided the following factoring facilities: $100,000 to a transportation company in Alberta; $500,000 to a security staffing company in Ontario; $2,500,000 to a transportation company in California...

The Howard Hughes Corporation® (NYSE: HHC) announced today its recent closing on two loans totaling over $490 million. A $356.8 million construction loan was secured at Ward Village® for its sixth residential mixed-use development, Kō'ula, reflecting continued strong demand to live in the acclaimed 60-acre master planned community transforming Oahu. In addition, a $137 million, 5-year term loan was secured for 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands Towers at The Waterway.

Constellis (or “the Company”), a leading provider of essential risk management and mission support services to government and commercial customers worldwide, announced today the successful completion of a comprehensive debt de-levering and recapitalization transaction with consent from 100% of its term loan and revolving lenders. As a result of the debt-for-debt and debt-for-equity exchanges, Constellis has significantly strengthened its balance sheet, reducing its debt by approximately $1.1 billion and annual cash interest payments by up to $90 million, while adding up to $50 million in new capital to support operations.

Shares of ViacomCBS (VIACA) fell on Thursday, even as National Amusements Inc., the media titan's controlling shareholder, said it had forged an agreement with Wells Fargo to restructure its credit facility. “Following this amendment, NAI will have a revolving facility of $125 million and ample liquidity, in addition to its substantial cash reserves, to fund operations of NAIEH [NAI Entertainment Holdings], which includes its theater business,” National Amusements said in a statement.

Macy’s and Kohl’s said Monday that they will most furlough employees as the department store chains cope with significant sales losses during the coronavirus pandemic. Macy’s said the majority of its employees will go on furlough starting this week. Kohl’s said employees at stores and store distribution centers and some in store-related corporate positions will be furloughed.

CalAmp (Nasdaq: CAMP), a global technology solutions pioneer transforming the mobile connected economy, today announced that it amended its existing $50 million credit facility with J.P. Morgan originally entered into on March 30, 2018. The new amendment extends the maturity of the credit facility by two years, among other changes.

OneWeb ("OneWeb," "the Company"), the global communications company with a mission to bring connectivity to everyone everywhere, announced today that the Company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The Company intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company.