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  • Casino Group: New Revolving Credit Facility as Part of the Refinancing Project
    November 7, 2019
    In the context of its refinancing plan announced on 22nd October, Casino is currently putting in place a new revolving credit facility, maturing in October 2023, in order to extend its confirmed credit lines in France.
  • ATSG Amends Bank Credit Facility
    November 7, 2019
    Air Transport Services Group, Inc. (NASDAQ:ATSG) announced today that it has extended its senior secured credit facility until November 30, 2024, expanded the facility’s revolver portion, consolidated and lowered its term loans, and reduced pricing to immediately lower interest cost.
  • Fairstone Financial Inc. Upsizes Credit Facility to $1.85 Billion
    November 7, 2019
    Fairstone Financial Inc. ("Fairstone" or "the Company"), Canada's leading non-bank provider of responsible lending solutions for near-prime borrowers, announced today that it recently completed an optimization of its three-year revolving securitization facility ("Credit Facility") provided by a banking syndicate, comprised of leading Canadian and international banks.
  • ABLSoft Partners with Validis to Transform Asset Based Lending
    November 7, 2019
    Validis, a pioneer of financial data sharing and standardization technology, today announced that they are entering an exciting partnership with ABLSoft. ABLSoft’s flexible lending platform helps lenders save time and scale operations with intelligent workflows, reporting and alerts.
  • Grant Thornton Names Bradley J. Preber as CEO
    November 6, 2019
    The Partnership Board at Grant Thornton LLP announced that Bradley J. Preber will serve as the firm’s CEO. The board appointed Preber to the role following a comprehensive search process, and the firm’s partners and principals ratified the selection.
  • US LBM Amends Credit Facility, Extends Maturity To 2024
    November 6, 2019
    The revolving credit facility was supported by a syndicate of six lenders, including Royal Bank of Canada as administrative agent. Other participants include Wells Fargo Bank, National Association; SunTrust Bank; U.S. Bank, National Association; Credit Suisse AG, Cayman Islands Branch; and Barclays Bank PLC.
  • Alvarez & Marsal Responds to Increased Demand for Healthcare Compliance Advisory Services
    November 6, 2019
    Leading global professional services firm Alvarez & Marsal (A&M) Healthcare Industry Group has enhanced its Healthcare Compliance Advisory services with the appointment of Colleen Curran as Managing Director and Mary Findley as Senior Director. Ms. Curran will lead A&M’s Healthcare Compliance Advisory practice. Ms. Curran and Ms. Findley bring decades of compliance and regulatory experience across diverse sectors of the healthcare industry.
  • John Marshall Bank Promotes Regional Executive, James Estep
    November 6, 2019
    John Marshall Bank is pleased to announce the promotion of James Estep to Regional Executive in Fairfax. James joined John Marshall Bank in 2018 as Regional Executive in Reston. Under James’ leadership, the Reston region has seen accelerated growth and market expansion. As Regional Executive in Fairfax, Estep will provide operational and strategic direction in Tysons while continuing to oversee JMB’s efforts in Reston.
  • MidCap Business Credit Announces Two New Hires
    November 6, 2019
    MidCap Business Credit LLC has appointed Bill Nay as Senior Vice President to its business development team and Rebecca Smith as Senior Vice President to its risk team as an underwriter.
  • Beef International, Inc. to Sell Operations to RKW Holdings, LLC
    November 6, 2019
    Beef International Inc., (“BI Foods”) a custom manufacturer of premium meat products, announced today that it has reached an agreement to sell its business operations and certain assets to RKW Holdings, LLC (“RKW”). The transaction is expected to close within the next 30 – 45 days. RKW will continue to operate the business out of the existing Beef International location in Pennsauken, NJ and employ over 50 people.
  • Crestmark Provides More Than $34.3 Million in Commercial Financing to 99 Businesses in the Second Half of October
    November 6, 2019
    Crestmark secured a total of $800,000 in ABL financial solutions for two new clients; Crestmark Equipment Finance provided $15,558,380 in 14 new lease transactions; Crestmark Vendor Finance provided $9,586,873 in 88 new lease transactions; and the Government Guaranteed Lending Division provided $8,355,000 in financing for one new client in the second half of October.
  • California Premium Home Furnishings Company Secures a $2.5MM Inventory Finance Facility; Worthy Lending LLC Joins Syndication
    November 6, 2019
    Worthy Lending LLC (WL) provided $1MM participating in a $2.5MM inventory finance facility for a west coast high-end home furnishings manufacturer/retailer. This well-established top-quality furniture can be found in showrooms located in Georgia, Illinois, Ohio, Texas, Colorado, Arizona, California, Florida, Nevada, New York, DC, and retail outlets in Europe.
  • TAB Bank Provides Commercial Printing Company in Illinois with a $3 Million Asset-Based Credit Facility
    November 6, 2019
    TAB Bank is pleased to announce it has provided a $3 million asset-based revolving credit facility for a commercial printing company located in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • Citizens Commercial Banking Provides $138 Million Loan to DSC Partners for Acquisition of 28 Maryland Office and Industrial Buildings
    November 6, 2019
    Citizens Commercial Banking announced today that its Commercial Real Estate Finance team is providing a $138 million loan to Washington, D.C.-based DSC Partners, a real estate investment company founded in 2017 by former First Potomac Realty Trust executives, for the acquisition of 28 office and industrial buildings located in Montgomery County, MD. Citizens is Left Lead Bank and Administrative Agent.
  • Cambridge Wilkinson Investment Banking Announces Transaction
    November 6, 2019
    Cambridge Wilkinson has arranged a $50 million senior debt facility for a 15-year-old national specialty finance company that provides consumer-oriented loans and purchases consumer receivables across a number of consumer sub-categories.
  • Healthcare Services Executives Predict Another Strong Year Ahead Despite Cooling M&A Outlook
    November 6, 2019
    A Capital One annual survey revealed that healthcare services executives continue to have an optimistic outlook for business performance heading into 2020. Over the next year, more than two-thirds (69%) of executives predict their businesses will perform better compared to the last 12 months, with just 4% expecting a drop in performance in that time period.
  • Optima Partners, LLC Establishes Chicago Office and Promotes Capital Markets Partner to Lead Midwest Regional Practice
    November 6, 2019
    Expansion comes in the wake of strong regional client growth and the continued strength of traditional and alternative asset management in the Midwest.
  • Pier 1 Hires Debt Restructuring Expert as CEO
    November 6, 2019
    The Fort Worth, Texas-based home furnishings retailer said Monday it named Chief Financial Officer Robert Riesbeck to lead the company. Mr. Riesbeck, a retail veteran with an accounting background, previously led FullBeauty Brands Inc. and HHGregg Inc., which both underwent chapter 11 proceedings during his tenure.
  • VersaPay Closes $4 Million Credit Facility with National Bank
    November 6, 2019
    VersaPay Corporation (VPY.V) ("VersaPay"), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce the closing of a credit facility with National Bank of Canada's Technology and Innovation Banking Group ("NBC"). The facility consists of a $4.0 million revolving credit facility (the "Facility") which matures in April 2021 , extendable thereafter.
  • Exchange Income Corporation Secures New Credit Facility
    November 6, 2019
    National Bank Financial Inc., Canadian Imperial Bank of Commerce, and The Toronto-Dominion Bank are Co-Lead Arrangers and Joint Bookrunners to the new facility. National Bank Financial Inc., is Agent, and the follow lenders complete the syndicate; The Bank of Nova Scotia, ATB Financial, Laurentian Bank of Canada, Bank of Montreal, HSBC Bank Canada, Raymond James Finance Company of Canada Ltd., Royal Bank of Canada, Wells Fargo Bank, N.A. Canadian Branch.
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