Dillard’s, Inc. (NYSE: DDS) (“Dillard’s” or “the Company”) announced that it has amended its $800 million senior unsecured revolving credit facility consistent with the Company’s liquidity needs. The amended credit facility is secured by inventory of certain subsidiaries. A $200 million expansion option remains in place and the maturity date remains August 9, 2022.

Gordon Brothers, the global advisory, restructuring, and investment firm, has been instructed by KMPG to market for sale the modern and fully equipped marine survey vessel fleet of Bibby Hydromap Ltd, together with the extensive inventory of marine survey and test equipment and associated assets. Marine survey specialist Bibby Hydromap Ltd was placed into Administration in April 2020 with Andrew Stone and Rick Harrison of KPMG appointed Joint Administrators.

Crestmark’s Healthcare Financial Services group is proud to announce its first completed funding and the addition of Underwriting Manager Chad Kerr to the team. Since its soft launch in December 2019, the group has reviewed numerous opportunities, and closed its first official funding on March 24. The $600,000 ledgered line of credit facility was provided to a health services provider in California that treats chronic pain, opioid dependence, PTSD and related disorders. The group is currently working on numerous facilities for health care providers across the U.S.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based manufacturer of packaging products primarily used in the healthcare, cosmetics, pharmaceutical and food industries. This business was referred to Celtic Capital to replace a soured relationship with the Company’s factor.

CIT Group Inc. (NYSE: CIT) today announced that its Community Association Banking (CAB) business has added two new regional account executives to serve property management companies and homeowner association banking needs in the Florida market.

Skyway Capital Markets, LLC (Skyway), a Tampa, FL-based privately held investment banking firm names Barry Shevlin as Senior Managing Director. Shevlin leads Skyway Capital Markets Technology practice for the middle-market sector identifying and facilitating customized financial solutions, including restructuring advice, capital raising (debt and equity) and mergers & acquisitions.

Centreville Bank, a Rhode Island-chartered savings bank, and PB Bancorp, Inc. (NASDAQ Capital Market: PBBI) jointly announced today that all regulatory approvals relating to the acquisition by Centreville Bank of PB Bancorp and its wholly owned subsidiary, Putnam Bank, have been received. PB Bancorp shareholders previously approved the merger at a special meeting of shareholders on February 7, 2020. The merger is targeted to close before the opening of business on May 1, 2020.

The American Bankruptcy Institute (ABI) launched its new COVID-19 Resources website for bankruptcy professionals and the public to access essential information and analysis regarding the financial distress being inflicted by the COVID-19 pandemic. The site features exclusive ABI content on the crisis, recommended member analysis, industry sector news, charts and more.

BRG Capital Advisors (BRGCA) announced today that Michael Ory has joined the firm as a managing director and will help lead BRGCA’s efforts in Healthcare Services. Based in Nashville, he brings over 25 years of investment banking experience.

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a nurse staffing and software firm based in Tennessee. The proceeds are being used to support a significant spike in working capital needed to service hospitals which are fighting Covid-19.

The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic.

The American Institute of CPAs (AICPA) has called for the Treasury Department and the Federal Reserve to create a federally backed short-term accounts receivable lending facility that would allow companies to deal with the cash flow shortfalls brought on by the coronavirus crisis.

Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD) (Nasdaq: TMDI), a medical device company focused on the design and development of a single-port robotic surgical system for application in minimally invasive surgery (“MIS”), announces that it has closed a US$1.5 million senior secured loan facility (“Loan Facility”) from a leading global medical technology company. The Loan Facility has an interest rate of 8% per annum and is repayable not later than April 29, 2023.

Tradewind Finance has closed a $650,000 credit facility for a manufacturer of mobile chargers and other consumer electronic accessories based in Hong Kong. The company has a factory in Vietnam and one in Dongguan and exports primarily to the United States and Europe to brand names like Belkin International. The deal, closed amidst COVID-19, provided funding to improve the company’s working capital and support their growth.

CIT Group Inc. (NYSE: CIT) today announced its Treasury and Payments Services business is collaborating with B2B fintech innovator Fintainium to provide an integrated payments and financial workflow management solution to meet the needs of small and midsize businesses. CIT and Fintainium will waive the first three months of subscription fees for this new solution and also waive all integration fees for businesses that enroll before June 30 in support of the current challenges for many small and midsized businesses.

Wave has arranged for Debtor-in-Possession ("DIP") financing from an affiliate of Tallwood Venture Capital totaling approximately $27.9 million, which provides the business sufficient liquidity to continue regular business operations through the bankruptcy process.

Comvest Partners (“Comvest”) is pleased to announce that Renee Rempe has joined the Firm as a Managing Director in Comvest’s direct lending group, Comvest Credit Partners. Renee will be based in Comvest’s Chicago office and will be responsible for managing and directing strategy on investments within the Comvest Credit Partners’ portfolio.

Citizens M&A Advisory served as the exclusive financial advisor to DeWinter Group, a leading provider of human capital solutions in the San Francisco Bay Area, on its recapitalization by New Heritage Capital, a Boston-based private equity firm. Founded in 2000, DeWinter is one of the Bay Area’s most recognized talent acquisition brands, providing temporary and permanent staffing solutions across the accounting, finance and information technology disciplines.

To ensure access to the PPP loan program for the smallest lenders and their small business customers, starting at 4 p.m. today EDT through 11:59 p.m. EDT, SBA systems will only accept loans from lending institutions with asset sizes less than $1 billion dollars.

Macy’s Inc. has been downgraded once again as the retailer’s turnaround plan has hit a standstill and its debt pressures intensify amid the coronavirus pandemic. In a release on Friday, S&P Global Ratings announced that it had lowered the department store chain’s issuer credit rating to B+ from BB. The agency attributed the downgrade to a revised macroeconomic outlook that could weaken discretionary spending, as well as Macy’s debt maturities in the coming years and potential compliance issues under its revolving credit facility.