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.

Intellectual property lawyer Jodi DeSchane and public finance attorney Rebecca Lawrence have joined Ballard Spahr, firm Chair Mark Stewart announced today. Ms. DeSchane is Of Counsel in the firm’s Intellectual Property Department. Her practice centers on trademark, copyright, advertising, social media, and internet-related matters, especially for clients in the banking, retail, restaurant, human resources, consumer products, professional sports, and franchising industries.

England represents borrowers and lenders, including banks and alternative lending institutions, in structuring and negotiating domestic and international commercial transactions. She also has deep real estate finance experience, including her representation of borrowers and lenders in construction loans and other real-estate secured loans involving virtually every type of property use — raw land acquisition, industrial properties, hotels, and office and retail space.

Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company” or “Pacific Premier”), the holding company of Pacific Premier Bank, announced today that it has completed the acquisition, effective as of June 1, 2020, of Opus Bank, a California-chartered commercial bank headquartered in Irvine, California (NASDAQ: OPB) (“Opus”).

Crossplane Capital announced the expansion of its team today with the arrival of associates Michael Bertrand and David Harris. Michael and David will be responsible for supporting the team across multiple areas, including opportunity screening, financial modeling, company and industry due diligence, and value creation planning and implementation.

WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital ("H.I.G."), a leading global private equity and alternative assets investment firm with $37 billion of equity capital under management, provided a new senior secured term loan facility to Connexity, Inc. (“Connexity” or the “Company”) to support its acquisition of SkimLinks. California based Connexity is the leading independent provider of new ecommerce customer prospecting across the U.S. and Europe, serving the retail performance marketing industry.

CFG Merchant Solutions (“CFGMS”), a leading financier of small and medium-sized enterprises (“SMEs”), announced today that the company is building upon its partnership with Arena Investors, LP (“Arena”), in conjunction with Ceteris Portfolio Services (“Ceteris), an Arena servicing affiliate, in servicing and providing liquidity to Platinum Rapid Funding’s (“PRF”) merchant portfolio. CFGMS has been a leading capital provider to SMEs and an originator of advances to growing merchants, providing in excess of $400 million merchant cash advances since 2015. Arena has been CFGMS’s primary capital partner since 2016.

North Mill Capital announced it provided an $1,250,000 accounts receivable facility for Performance Freight Systems, Inc. The funds were used to pay off the previous lender and provide additional working capital for the company.

Celtic Capital Corporation today announced its most recent new client relationship – a Colorado-based distributor and installer of fireplaces for commercial and residential use. This Company approached us for a working capital line of credit to support its expected growth.

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (collectively, the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce that the Company has amended its credit agreement dated May 31, 2019, with Bank of Montreal (“BMO”) as lead arranger and agent as well as a syndicate including three other lenders (the “Credit Agreement Amendment”). The Credit Agreement Amendment modifies certain terms of the $115 million term loan (the “Term Loan”) and $25 million revolving credit facility (the “Revolver”, and together with the Term Loan, the “Facilities”).

Proskauer, a leading international law firm, announced the creation of the Proskauer Private Credit Default Index© which tracks, on a quarterly basis, the default rates of senior secured and unitranche loans.

Baudax Bio, Inc. (NASDAQ:BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced that it has closed on a credit facility of up to $50 million from funds managed by Marathon Asset Management, a global credit solutions partner. Proceeds from the facility will generally be used to support the commercial launch of ANJESOTM (meloxicam) injection, and for working capital purposes. JMP Securities LLC acted as exclusive financial advisor and sole placement agent to Baudax on this transaction.