Republic Business Credit is proud to announce the hiring of Tae Chung as Senior Vice President of Business Development in its Los Angeles office. Tae will significantly increase our presence in the California traditional factoring market, further building upon the acquisition of Continental Business Credit in 2019.

Dan Davis, president and CEO of Axiom Bank, N.A., was recently appointed to a two-year term on the Board of Directors of the Florida Bankers Association (FBA). The Board is made up of representatives from both national and community banks.

Stonebriar Commercial Finance announced the closing of a $30 million equipment lease facility with a private equity owned global provider of cloud computing services. The company securely transfers clients’ information technology workloads out of their data centers and onto the cloud. Through data centers on five continents, and via software-as-a-solution, the company serves thousands of businesses and governmental agencies around the world.

Prestige Capital Finance, LLC is pleased to announce the recent closing of a combined $1,250,000 factoring arrangements for healthy consumer products companies: Nouri Life, a probiotics company; KiiTO, a plant-based nutrition company; and Cure Hydration, a science-backed sports hydration company. Prestige Capital has long been committed to the health and wellness space. From nutritional supplements to power foods for active lifestyles, Prestige has supported founders who are dedicated to feeding our bodies and our minds.

Vivint Solar (NYSE: VSLR), a leading full-service residential solar provider in the United States, today announced the closing of two separate debt transactions, totaling $545 million in incremental lender commitments. The first is a $245 million upsize to the company's already existing multi-lender revolving warehouse facility closed in 2019, for a total of $570 million in aggregate commitments. The second is a $300 million hold-co loan facility provided by the Brookfield Infrastructure Debt Fund, a global credit-focused platform managed by Brookfield Asset Management Inc. (NYSE: BAM).

Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Osceola Capital’s (“Osceola”) recapitalization of Central Medical Group (“CMG” or the “Company”) with a senior secured first lien term loan, revolver and capex line, as well as a minority equity investment. Capital Southwest led the financing and will act as the sole administrative agent on the credit facilities.

Groupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of €5 billion benefiting from a guarantee of the French State. The banking pool consists of BNP Paribas, Crédit Agricole, HSBC France, Natixis and Société Générale.

Leading asset valuation and disposal company Hilco Global APAC and Gordon Brothers, the leading global advisory, investment, and restructuring firm, have partnered to disperse a fleet of late model Caterpillar 100T-class mobile mining assets located in South Africa.

Faegre Drinker today announced the addition of two of the world's leading restructuring attorneys, James F. Conlan in the U.S. and Patrick Corr in Europe, as partners in the firm's growing finance and restructuring practice. Both come from Sidley Austin, where they previously held senior practice leadership positions.

Premier Diversified Holdings Inc. ("Premier" or the "Company") (TSXV: PDH) announces that it has entered into a loan agreement with MPIC Fund I, LP ("MPIC") for a secured loan in the aggregate principal amount of up to USD$150,000 (the "Loan").

Wilkie Farr & Gallagher served as legal counsel to Platinum Equity and Orbit on the transaction. PNC Bank, N.A., served as administrative agent for the transaction. Steel City Capital Funding, a division of PNC Bank, N.A., provided a portion of the financing.

IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to announce the Company has reached agreement with BMO Harris Bank N.A. (“BMO”) to increase the available capacity of IBC’s operating credit facility with BMO, dated October 1, 2012, from $3.0 million to $3.5 million.

G1 Therapeutics, Inc. (Nasdaq: GTHX), a clinical-stage oncology company, today announced that the company has entered into a debt financing agreement with Hercules Capital, Inc. (NYSE: HTGC) for up to $100 million. G1 plans to use the proceeds to fund commercialization and further development of trilaciclib, its first-in-class investigational therapy designed to improve outcomes for people with cancer treated with chemotherapy.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., today announced the completion of two separate deals – a $5 million revolving line of credit and a $1.5 million asset based loan facility – for two new clients.

Analysis by Tiger Liquidity Services Biopharma Partnership underscores the strategic value to hedge funds, private equity firms, asset-based lenders, and bankruptcy professionals of leveraging asset-valuation and disposition in the biopharma/pharmaceutical space

Gibraltar Business Capital is reinforcing the resources we have ready and available to help our clients gain innovative, flexible solutions to their financial needs. We are building our leadership team by promoting exemplary team members from within. Jeremy DeBoer has been promoted to Senior Vice President and Account Executive Team Leader. Stan Scott was promoted to a Senior Vice President position. Sam Marder has been promoted to Assistant Vice President.

First Business Growth Funding, a division of First Business Capital Corp., funded a $5 million accounts receivable purchase facility for a logistics and transportation company. The facility was used to refinance an existing bank loan and for additional working capital for growth opportunities.

Diodes Incorporated (Nasdaq: DIOD), today announced that it has entered into a new credit agreement that will provide a $670 million, three-year secured credit facility. The new facility makes available up to $520 million in a term loan, a $150 million revolving credit line and will be funded by a syndicate of banks. BofA Securities, Inc., BBVA Securities and PNC Capital Markets acted as joint lead arrangers and joint bookrunners. Also participating in the bank syndicate are Citibank, Regions Bank, Comerica Bank, Silicon Valley Bank, HSBC Bank USA, and Cadence Bank.

Libbey Inc. (NYSE American: LBY) ("Libbey" or the "Company"), one of the world's largest glass tableware manufacturers, today announced that the Company and its U.S.-based subsidiaries have filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Libbey's international subsidiaries in Canada, China, Mexico, the Netherlands and Portugal are not included in the Chapter 11 proceedings and are operating in the normal course of business.

Republic Business Credit provided a $3.5 million non-recourse factoring facility that provides credit protection without any covenants. Republic’s funding was used to refinance out the existing bank facility while providing over a million dollars of availability to respond to customer demand.