ABLE Equipment Rental, Inc. of NY (ABLE) a supplier of Construction Equipment Rentals, Sales, Service and Parts, announced the closing of a $150 million Asset Based Loan with M&T Bank as Lead Arranger and Administrative Agent. The facility is comprised of a $100 million revolving line of credit as well as a $15 million term loan facility.

GreatAmerica Financial Services Corporation announced today that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish GreatAmerica Bank, an industrial bank to be located in the Salt Lake City, Utah metropolitan area. The proposed GreatAmerica Bank will be a wholly-owned subsidiary of GreatAmerica, helping it expand its ability to help its customers be more successful.

Bear Creek Mining Corporation (TSXV: BCM) (BVL: BCM) ("Bear Creek" or the "Company") announces that it has engaged BNP Paribas and Société Générale as Joint Lead Arrangers (together, the "JLAs") to arrange a US$ 400 million senior secured credit facility (the "Facility"). The Facility, if concluded, will be used to develop the Company's wholly owned and fully permitted, world-class Corani silver-lead-zinc project located in the Puno region of Peru.

The bank syndication supporting the new facility is comprised of a diverse group of twelve banks led by Bank of America Merrill Lynch, Wells Fargo Securities, LLC, BNP Paribas, Capital One, Citizens Bank, HSBC Bank USA, JP Morgan Chase Bank, N.A., TD Bank, N.A., and Truist Bank, as Joint Lead Arrangers, Joint Book Runners and Co-Syndication Agents, Citibank, N.A as a Joint Lead Arranger and Documentation Agent, CoBank, ACB and People's United Bank, National Association. Bank of America, N.A. is serving as Administrative Agent.

In this role, Austin will manage portfolio accounts, enhancing client relationships and developing new ones. Additionally, he will take an active role in business development, working with colleagues in the Los Angeles, CA and Winston-Salem, NC offices.

Old Hill has provided a $6 million revolving facility to a company focused on lending to small and medium-sized buyers of portfolios of charged-off consumer debt. The underlying loans are backed by portfolios of charged-off credit card receivables, installment loans, auto deficiencies, student loans, and other, mostly consumer-based, lending products.

The Facility, arranged by HSBC's GBA+ Technology Fund, will further strengthen iClick's financial position and the execution of strategic initiatives in China's Guangdong-Hong Kong-Macau Bay Area ("GBA"). The proceeds from the Facility will be used to further propel iClick's digital marketing business, develop iClick's Enterprise Solutions, and support general corporate purposes.

Banks including Barclays Bank Plc and Goldman Sachs Group Inc. have almost $9 billion worth of high-risk loans and bonds weighing on their balance sheets and face a nervous wait for the credit markets to reopen before they can sell the debt. Financing has yet to launch for various deals including TDR Capital’s purchase of U.K. pub company EI Group, slated to bring in 1.35 billion pounds ($1.73 billion) to the high-yield bond market, and a 725 million-euro loan to back private equity firm Lone Star Funds’ acquisition of BASF’s construction chemicals unit.

BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed a sale-leaseback transaction for its distribution facilities in Elkhart, Indiana, for net cash proceeds of $7.5 million.

The Joint Corp. (JYNT), a national operator, manager and franchisor of chiropractic clinics, closed a senior secured credit facility with J.P. Morgan Chase Bank, N.A. for $7.5 million, including a $5.5 million development line of credit (LOC) and a $2.0 million revolving LOC, which has an uncommitted accordion feature for an additional $2.5 million. The company repaid its previous LOC prior to December 31, 2019.

In addition, Vertiv closed an amendment on its $455 million asset-based lending (ABL) credit facility which, among other changes, extended the maturity to March 2, 2025 and lowered the applicable margin on loans thereunder by 0.25%.

FocalPoint Partners, a leading middle-market investment bank, is pleased to announce that the firm has promoted Connor Mitchell to Managing Director in Chicago and Bryant Yu to Director in Los Angeles. Combined, Messrs. Mitchell and Yu have more than 15 years of experience at FocalPoint.

Intrepid Investment Bankers LLC served as financial advisor to ALC on the transaction. Morgan Lewis served as ALC's legal advisors. BlackArch served as financial advisor for Palladium. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as the legal advisor for Palladium. Morrison & Foerster served as financing counsel for Palladium.

Online lending startup Oriente announced late on Wednesday that it has secured a US$20 million debt funding facility from multi-asset investment firm Silverhorn Group. The facility, which can increase to US$50 million, will be used to grow and diversify the funding mix of the Hong Kong-based startup’s loan book, the startup said in a press release.

Leading global professional services firm Alvarez & Marsal (A&M) announces Jerry Dent and Phil Beckett as the new Practice Leaders of the firm’s Disputes and Investigations group in North America and Europe, respectively. In their new roles, Mr. Dent and Mr. Beckett will work to advance A&M’s complex problem-solving capabilities for clients facing a shifting regulatory, data-driven digital environment.

McDermott Will & Emery LLP represented Nautic in the transaction and Jefferies Finance LLC, Varagon Capital Partners L.P., and AEA Debt Management LP provided the financing for the transaction. Jefferies LLC and Mayer Brown advised Harrington.

Blank Rome LLP is pleased to announce that Vanessa G. Tanaka has joined the Firm as a Partner in the Finance, Restructuring, and Bankruptcy group in the Chicago office, which continues to expand following the recent additions of new partners Craig R. Culbertson and Paul H. Tzur. Vanessa joins Blank Rome from Willkie, Farr & Gallagher LLP.

Wharton's Michael Useem and Tyler Wry, and George Washington University’s Luis Ballesteros discuss how corporations can play a critical role during disasters like the coronavirus epidemic.

Allied Affiliated Funding, a division of Axiom Bank, N.A. closed $1,500,000 in receivables financing to a Texas-based trucking company that hauls frac sand, along with cement, fly ash and other non-hazardous dry bulk commodities for the oil and gas markets and $300,000 in receivables financing to a Texas-based boutique staffing company that provides temporary and permanent placement receivables, focusing on IT, finance and accounting, HR and office support roles.

ITFA, previously known as International Forfaiting Association, is the worldwide trade association for companies, financial institutions, and intermediaries engaged in trade and forfaiting. Stenn will also be part of the Trade Finance Distribution Initiative (TFDI), an ITFA working group with the ambition to modernize and standardise Trade Finance to efficiently include non-bank trade finance investors.