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  • Celtic Capital Corporation Provides $1.05 Million Equipment Loan for Idaho-based Company
    March 2, 2020
    Celtic Capital Corporation today announced its most recent new client relationship – an Idaho-based company that designs and manufactures parts and pieces for food processing plants as well as construction of primarily steel buildings.
  • JPMorgan Joins Rush to Curb Global Travel as Virus Spreads
    March 2, 2020
    JPMorgan Chase & Co. curbed non-essential travel globally, joining a string of other corporate giants in restricting business trips as the spreading coronavirus risks becoming a pandemic. Because of the broadening spread of the virus, it’s now “restricting all international travel to essential travel only,” the New York-based bank said in a memo distributed to staff, confirmed by spokespeople. The move marks an escalation in its travel precautions, which had previously been limited to regions where the spread of the virus has been heaviest, such as parts of Asia and northern Italy.
  • Trutankless Announces Conversion and Reduction of Credit Facility to Term Loan
    March 2, 2020
    Company enters into an amended and restated loan agreement with noteholder to repay and convert the existing $1,212,006 million balance under facility. Trutankless, Inc. (OTCQB: TKLS) manufactures an award-winning line of WiFi enabled electric tankless water heaters which are an attractive option for American households to upgrade from traditional inefficient hot water tanks. The Company has reported growing demand and sales over the last several period.
  • Adevinta ASA (ADE) - Adevinta Refinances its Bank Facility to €600 Million Multicurrency Term Loan & Revolving Credit Facilities
    March 2, 2020
    DNB Markets, a part of DNB Bank ASA, and Danske Bank A/S acted as Co-ordinators, Mandated Lead Arrangers and Bookrunners on the transaction. In addition, BNP Paribas SA Norway Branch and Swedbank AB (publ) joined as Mandated Lead Arrangers and Bookrunners, whilst J.P. Morgan Securities plc and ING Bank N.V. participated in the transaction as Lead Arrangers.
  • BMO Financial Group Appoints Cam Fowler as Chief Strategy & Operations Officer and Erminia (Ernie) Johannson as Group Head, North American Personal and Business Banking
    March 2, 2020
    Cam Fowler will take on a new role as Chief Strategy & Operations Officer. He currently serves as Group Head, North American Personal and Business Banking. Erminia (Ernie) Johannson is appointed Group Head, North American Personal and Business Banking.
  • Michael Best Combines with Established Entrepreneurial Law Firm RWR Legal
    March 2, 2020
    Michael Best announced today the addition of RWR Legal into its Austin office operations, effective immediately. The combination, which will greatly benefit both Michael Best and RWR Legal clients, will add three senior corporate and securities attorneys. RWR Legal connects high-growth clients with the talent, mentoring, and resources required for success.
  • Christopher & Banks Corporation Announces New Credit Facility Package That Provides Additional Liquidity of $6-$8 Million to Support Growth Objectives
    March 2, 2020
    Christopher & Banks Corporation (OTC: CBKC), a specialty women’s apparel retailer, today announced the amendment of its Asset-Based Revolving Credit Facility and that it has entered into a Term Loan Credit Facility with an LLC of Angelo Gordon. The new credit facility package will provide incremental liquidity of $6-$8 million to support the company’s growth objectives.
  • Robert Harris Promoted to Senior Vice President, Director of Diversity and Inclusion for BancorpSouth Bank
    March 2, 2020
    BancorpSouth Bank (NYSE: BXS) has promoted Robert Harris to senior vice president, director of diversity and inclusion, responsible for developing strategies and initiatives to enhance the company's organizational culture. In addition, Harris has also been promoted to director of community lending.
  • Goldman Sachs BDC, Inc. Favorably Amends Its Revolving Credit Facility
    March 2, 2020
    Goldman Sachs BDC, Inc. (the “Company”) (NYSE: GSBD) announced today that it has favorably amended its senior secured revolving credit facility agreement with Truist Bank (formerly known as SunTrust Bank), as administrative agent (as amended, supplemented or otherwise modified and in effect from time to time, the “Truist Revolving Credit Facility”).
  • Cybersecurity Readiness in a Pandemic Era
    March 2, 2020
    As the coronavirus (COVID-19) continues to spread around the globe, and with the first suspected instance of community spread in the U.S confirmed by the CDC, time is quickly running out for individuals and businesses to prepare for the inevitable disruptions of an outbreak. Business Continuity and Disaster Recovery planning are two critical components of a good cybersecurity strategy. These plans ensure that a business has the necessary systems and procedures in place to enable ongoing operations during a crisis, and allow them to quickly and efficiently resume normal operations once the crisis is over.
  • Balance Point Capital Announces Investment Team Promotions
    February 27, 2020
    Balance Point Capital ("Balance Point"), a leading provider of capital to lower middle market companies, is pleased to announce the promotions of Nathan Elliott to Managing Director, Adam Sauerteig to Senior Vice President, Grant Groher to Vice President and Dan Freshman to Senior Associate.
  • Houlihan Lokey Grows Its Oil & Gas Group With Experienced Hire
    February 27, 2020
    Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Shane Sealy has joined the firm as a Managing Director in the Oil & Gas Group. Mr. Sealy is based in Houston and is responsible for advising upstream companies on mergers and acquisitions, joint ventures, divestitures, restructurings, and capital markets transactions.
  • Monroe Capital Partners with Cimarron Healthcare Capital to Acquire Ascent Behavioral Health
    February 27, 2020
    Health (“Ascent”), in partnership with Cimarron Healthcare Capital and Ascent’s management team. Monroe Capital acted as sole lead arranger and administrative agent of the senior credit facility and co-invested equity alongside Cimarron Healthcare Capital to support the transaction.
  • Francois van Reede Joins Utica Equipment Finance Team
    February 27, 2020
    Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Francois van Reede has joined the firm as a Business Development Officer. Based in Arizona, he will be responsible for sourcing and developing client and referral relationships throughout the United States.
  • Assembled Brands Finances Acquisition of QALO by Holding Company Win Brands Group
    February 27, 2020
    Provides $4 million senior secured credit facility to Win Brands Group for the majority purchase of silicon ring maker, QALO.
  • Alexandra Scoggin Named Vice President of Marketing and Business Development for CBC Business Credit
    February 27, 2020
    California BanCorp (CALB), the holding company for California Bank of Commerce (CBC), today announced that Alexandra Scoggin has joined the CBC Business Credit team as Vice President of Marketing and Business Development. A department within California Bank of Commerce, CBC Business Credit offers asset-based financing to a broad array of businesses. Scoggin will be based in Southern California.
  • Seabury Capital Establishes New Financing Arm to Deliver Advanced Support for Global Aircraft Market
    February 27, 2020
    SAC will be led by SFI’s founding members Stacey Wilson as Managing Director and Stephen Danner and Marty Dugan as Executive Directors – the team that boasts a two-decade-plus formidable track record in pioneering the first financing structures still in place today and financing more than 1,000 aircraft on behalf of airlines, manufacturers, and investors since SFI’s beginnings in the 1990s.
  • Encina Business Credit Provides $15 Million Facility to Manufacturer of Highly Engineered Products
    February 26, 2020
    The credit facility consists of a revolving line of credit based on accounts receivable and inventory and a term loan based on machinery and equipment. The credit facility was used to refinance an existing line of credit and will provide ongoing working capital financing.
  • Viral Impact: How COVID-19 is Affecting M&A and Private Equity
    February 26, 2020
    To get a sense of the ramifications for the middle market, Mergers & Acquisitions examines several factors, including the current impact on China’s economic growth; how the virus was discussed in the earnings calls of U.S. public companies in January and February; and the views of two prominent dealmakers who are based in Hong Kong. As this is an ongoing story, we’ll continue evaluating the economic and business effects.
  • Global Merchant Fund Provides $40,000,000 Client Facility
    February 26, 2020
    Global Merchant Fund (GMF), announced an increase in the credit facility to $40,000,000 for a financial technology company based in western Canada. The increase will consolidate the company‘s existing facilities and provide additional liquidity to continue to grow its business across Canada in a profitable manner.
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