- GA Group Launches Dedicated Transaction Opinions Practice with Elite Leadership Team
- SFNet New Member Spotlight: Eagle Business Credit
- Flatbay Capital Provides $4,250,000 CRE Credit Line for Leading Texas Meat Processor
- Gibraltar Business Capital Closes $12.5M Revolving Credit Facility with Sharebite
- Scotiabank to Acquire MapleMark Bank to Support Strategic Growth in Global Banking and Markets Business
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Marathon Asset Management Closes $900 Million Asset-Based Lending Fund
Marathon Asset Management ("Marathon"), a leading global credit investment manager, today announced the final close for its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately $900 million in commitments. The fund will invest in a diversified portfolio of asset-based loans across the healthcare, real estate, equipment and transportation, and corporate sectors backed by secure, contractual cash-flows.
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Christopher Saldana Joins First Business Capital Corp.
January 16, 2020In his role with First Business Capital Corp., Christopher Saldana is spearheading client acquisition efforts across the Southwestern United States. He has 20 years of experience underwriting asset-based lending facilities for companies across the country, with expertise in private equity businesses, multi-generational family owned businesses, and turnaround situations for companies experiencing challenges.
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Expansion Capital Group Names Brittney Newell Chief Financial Officer
January 16, 2020Expansion Capital Group (ECG) today announced the appointment of Brittney Newell to Chief Financial Officer. Newell will oversee the company's Finance, Accounting, Human Resources, and Underwriting departments. Newell joined the ECG team in early 2015, and has played a critical financial leadership role in the transformation and growth of ECG.
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Equipment Leasing & Finance Association Appoints Marc L. Hamroff To Its Legal Committee
January 16, 2020The Equipment Leasing & Finance Association (the ELFA) announced the appointment of Marc L. Hamroff, managing partner at Moritt Hock & Hamroff LLP (MH&H), to the ELFA’s Legal Committee. Hamroff’s appointment was effective January 1, and he will serve a three-year term on the committee.
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Four Veteran Finance and Real Estate Attorneys Join Waller in Birmingham
January 16, 2020Waller Lansden Dortch & Davis, LLP announced today that four prominent Birmingham attorneys – Jesse S. Vogtle, Jr., Randolph H. Lanier, Eric T. Ray and Paul H. Greenwood – have joined Waller's Birmingham office as partners. They previously practiced at Balch & Bingham, LLP.
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Hilco Global Hires Accomplished Commercial Real Estate Attorney Anne Garr
January 16, 2020Ms. Garr joins Hilco Global ( www.HilcoGlobal.com ) in the newly created position of General Counsel for Hilco Redevelopment Partners (HRP). In this role, she will be responsible for managing the day-to-day legal needs and robust deal flow within the growing HRP organization as well as certain legal assignments on behalf of the holding company. She will report to Eric Kaup, Executive Vice President – General Counsel of Hilco Global.
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Greenberg Traurig’s Miami Office Adds Attorneys In Litigation and Corporate Practices
January 16, 2020Global law firm Greenberg Traurig, P.A. has expanded its Miami office Litigation Practice and Corporate Practice with the addition of attorneys Humberto H. Ocariz and Jennifer D. Newton.
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Alvarez & Marsal Announces 2020 Managing Director Promotions
January 16, 2020Leading global professional services firm Alvarez & Marsal (A&M) has announced the promotions of 41 professionals, from the United States, United Kingdom, Germany, Brazil, Canada, China, Russia, Saudi Arabia, the United Arab Emirates and India to the position of Managing Director.
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Payless ShoeSource Emerges From Chapter 11 Bankruptcy
January 16, 2020Payless ShoeSource has emerged from bankruptcy for the second time, with a focus on international markets. The Topeka, KS-based company said Thursday it wants to reinvigorate its largest business unit, Latin America.
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MedMen Announces Closing of Secured Term Loan Amendment and Equity Placement
January 15, 2020MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., today announced the execution and closing of definitive documentation for the previously announced amendments to the terms and conditions of the US$78 million senior secured term loan (“October 2018 Loan”) with funds managed by Stable Road Capital and its affiliates (the “Term Loan Lenders”) and the closing of its previously announced US$20 million offering of Class B Subordinate Voting Shares.
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Williams Industrial Services Group Increases Revolving Credit Facility to $25 Million to Fund Strategic Growth Initiatives
January 15, 2020Williams Industrial Services Group Inc. (OTCQX: WLMS) (“Williams” or the “Company”), a construction and maintenance services company, announced it has successfully amended the terms of its revolving credit facility with Midcap Financial (the “Revolver”), increasing borrowing capacity by $10 million to $25 million and extending the maturity of the facility by one year to October 11, 2022.
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Exela Technologies Announces Closing of $160 Million Financing
January 15, 2020Exela Technologies, Inc., a location-agnostic global business process automation (BPA) leader across numerous industries, today announced that it has entered into a 5-year, $160 million accounts receivable securitization facility. Guggenheim Securities LLC acted as Exela’s financial advisor.
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Hahn & Hessen Law Firm Promotes New Partner in the Firm's Business Finance Group
January 15, 2020The New York based law firm of Hahn & Hessen LLP is pleased to announce that Ariele T. Strauss has become a partner in the Firm, effective January 1, 2020. Ms. Strauss was formerly a senior associate with the Firm. She concentrates her practice on secured commercial lending transactions. Her experience stretches across a wide range of domestic and cross-border transactions.
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Curaleaf Holdings, Inc. Announces Upsizing and Closing of $300 Million Senior Secured Term Loan Facility
January 15, 2020The proceeds will be used to refinance existing debt, satisfy transaction fees and expenses from previously announced acquisitions, fund capital expenditures and for general corporate purposes. The sole placement agent for the Facility is Seaport Global Securities LLC.
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Orrick Adds Leveraged Finance Advisor in London
January 15, 2020Orrick announced today that leveraged finance and direct lending rising star Anthony Kay has joined the firm as a partner in London. He joins Orrick from Latham & Watkins. Anthony joins an established finance team in London and will work alongside M&A and private equity partners James Connor and Daniel Wayte in growing the firm's private equity practice. James and Dan moved to Orrick in 2018 from Simpson Thacher and Milbank respectively.
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Imperial Capital Hires Senior Credit Sales Professional, Drew Hall
January 15, 2020Imperial Capital, LLC (“Imperial Capital”), today announced the continued expansion of its High Yield Sales Group with the hiring of Drew Hall, a senior high yield institutional sales professional who will be based in its New York Office.
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Shoreline Equity Partners Announces Recapitalization of Mr. Greens
January 15, 2020Shoreline Equity Partners, LLC, a purpose-driven lower middle market private equity firm, has partnered with management to recapitalize Florida Veg Investments, LLC. Senior financing for the transaction was provided by NXT Capital and the junior debt financing was provided by Nuveen. SunTrust Robinson Humphrey represented Mr. Greens in the transaction.
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McLean Wilson Appointed Breakout Capital CEO and President
January 15, 2020Breakout Capital, a leading nationwide small business lender focused on transparent, business-friendly loans and product innovation, announced today the promotion of McLean Wilson from Chief Credit Officer to Chief Executive Officer and President. The industry veteran steps into the role with deep experience in asset-based lending, factoring, asset management, and capital raising for alternative investments.
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Ares Commercial Finance Provides a $17 Million Credit Facility to Cox Interior, Inc.
January 15, 2020Ares Commercial Finance announced that it has provided a $17.3 million senior secured credit facility to Cox Interior, Inc. comprised of a revolving line of credit and a term loan secured by real estate, machinery and equipment. Proceeds from the financing were used to refinance the company’s debt and to provide for ongoing working capital needs.
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Tradewind Finance Delivers Credit Facility to Packaging Manufacturer in the UAE
January 15, 2020Tradewind Finance has completed a $1 million non-recourse factoring facility for a packaging manufacturer in the UAE that primarily sells to domestic big names. The company, who produces cardboard boxes and packing tape, is allocating the funding to purchase raw materials for new orders.
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Oxford Finance Provides $87.5 Million Credit Facility to Tarrytown Expocare
January 14, 2020Oxford is the sole lead arranger and administrative agent in this transaction with Sheridan Capital Partners as the lead equity investor in Tarrytown.
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