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  • Wolters Kluwer Launches Consumer Lending Online Applications Offering for Community Banks, Credit Unions
    December 2, 2019
    Wolters Kluwer’s Compliance Solutions business has launched Online Applications for Consumer Lending (CLA), a digital offering that enhances the online loan origination capabilities of U.S. community banks and credit unions. CLA allows consumers to begin a loan application from any digital device, at any time. It integrates seamlessly with Wolters Kluwer’s ComplianceOne® solution, an industry-leading loan documentation and processing system that helps lenders optimize their lending and document preparation processes in a secure, fast and cost-effective manner.
  • Tokyo Century Announces Acquisition of Allegiant Partners Incorporated
    December 2, 2019
    Tokyo Century (USA) Inc. is pleased to announce that it has acquired 100% of the capital stock of Allegiant Partners Incorporated, an independent specialty finance and leasing company based in Bend, Oregon.
  • TIMIA Increases Investment Capacity with $7.5 Million Credit Facility While Reducing Cost of Capital
    December 2, 2019
    The one-year term includes an additional 3 month extension and supports TIMIA's future investments into growing SaaS companies in North America with the expectation that 50% of funding for such new investments will be funded from the credit facility ("advance rate") and the remaining 50% will be funded from TIMIA's balance sheet.
  • Wintrust Receivables Finance Announces Closing of a New $1.5 Million Line of Credit to Support Growing Trucking Company
    December 2, 2019
    Wintrust Receivables Finance announced today the closing and funding of a $1.5 million credit facility for a trucking company based in Illinois. The company specializes in hauling dry goods, sheet metal, and general freight, while also providing transloading services.
  • Gibraltar Business Capital Welcomes Bruce Mettel as its Newest SVP and Account Executive
    December 2, 2019
    Bruce is a seasoned credit professional with over 25 years of asset-based lending experience in both banks and finance companies. His roles have been diverse, including field exam, underwriting, relationship management and workout positions, giving him the broad expertise needed to serve Gibraltar clients with understanding, innovation and effective solutions to their evolving needs.
  • Moritt Hock & Hamroff Receives National & Regional Tier Practice-Area Rankings in 2020 U.S. News –Best Lawyers® "Best Law Firms' Report"
    December 2, 2019
    U.S. News & World Report and Best Lawyers®, for the tenth consecutive year, has announced the "Best Law Firms" rankings. Moritt Hock & Hamroff has been ranked in the 2020 U.S. News & World Report and Best Lawyers® "Best Law Firms" list nationally in 1 practice area and regionally in 2 practice areas.
  • Celtic Capital Corporation Provides $1.3 Million for California-based Company
    December 2, 2019
    Celtic Capital Corporation today announced its most recent new client relationship – a California-based company that is a job shop – metal and plastics fabrication. This 20-year old business had gotten behind on payroll taxes and with some trade vendors so management approached Celtic Capital for funds to get caught up and to provide additional working capital.
  • SierraConstellation Partners, LLC (SCP) Grows Los Angeles Headquarters with Three New Hires
    December 2, 2019
    SierraConstellation Partners, LLC (SCP), a national interim management and advisory firm to middle-market companies in transition, announced today that it has hired three professionals to join the firm’s Los Angeles headquarters. The new additions reflect SCP’s deep commitment to its team, growth, and focus on being the premier firm serving the middle market.
  • Bladex Co-leads Successful Syndication of a US$130 Million 3-year Senior Term Loan Facility for Banco Aliado, S.A.
    December 2, 2019
    Bladex acted as Joint Lead Arranger and Bookrunner, together with JPMorgan Chase Bank, N.A. ("J.P. Morgan") and Banistmo, S.A. ("Banistmo"), and will act as Administrative Agent under the Facility.
  • Sezzle Secures US$100 Million Debt Funding Facility to Grow Business
    December 2, 2019
    Sezzle Inc (ASX: SZL) has secured a US$100 million debt funding facility with a syndicate of lenders, which is more than triple the size of the company’s prior credit facility of US$30 million.
  • Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base
    December 2, 2019
    Cequence Energy Ltd. ("Cequence" or the "Company") (CQE.TO) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than outstanding letters of credit totalling approximately $1.6 million, the Company currently has no amounts drawn under the Credit Facility.
  • Blank Rome Welcomes New Associate in Chicago
    December 2, 2019
    Blank Rome LLP is pleased to announce that Andrew J. White has joined the Finance, Restructuring, and Bankruptcy group as an associate in the Firm’s new Chicago office, which entered the market this past summer with the notable addition of partners Kenneth J. Ottaviano, Karin H. Berg, William J. Dorsey, and Paige Barr Tinkham.
  • Bryant Bank Hires Birmingham Local to Commercial Banking Team
    December 2, 2019
    Clint Calvert joins the bank with 12 years of commercial loan experience and will serve the Birmingham area by collaborating, producing, and managing commercial relationships in the Birmingham area. A Samford University graduate, Calvert earned a bachelor’s degree in Economics in 2007
  • Nevada Copper Executes Previously Announced Credit Facility
    December 2, 2019
    Nevada Copper Corp. (NCU.TO) (“Nevada Copper” or the “Company”) is pleased to announce that it has executed a credit agreement with Pala Investments Limited for up to US$30 million (the “Credit Facility”) in connection with the previously announced binding term sheet.
  • Cuda Oil and Gas Inc. Announces the Extension and Expansion of its Credit Facility to Continue to Fund its Light Oil Asset in the Powder River Basin – Wyoming
    December 2, 2019
    Cuda Oil and Gas Inc. (“Cuda” or the “Company”) (TSXV: CUDA) is pleased to announce that it has entered into an Agreement with the Company’s institutional lender (the “Lender”) to extend the expiration of its 2nd Lien Facility from December 31, 2019 to March 31, 2020. In addition, the Lender has agreed to advance funding of $4.5 MM CAD under the 2nd Lien Facility. The capital proceeds will be used to fund oil field development expenditures associated with the Company’s Barron Flats Shannon Unit (SSRU) in Converse County, Wyoming.
  • Jennifer Ross of North Mill Capital was Promoted to Senior Vice President
    December 2, 2019
    Jennifer started her career at Summit Financial Resources in 2009. She will be based out of the Utah office.
  • Ucore Renegotiates Long-Term Debt
    December 2, 2019
    Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that it has renegotiated the terms of its long-term debt owing to Orca Holdings, LLC ("Orca") and that Orca has agreed to a reduction in the interest rate and an extension of the maturity date of the loan (the "Loan"), as well as an immediate repayment of a portion of the debt.
  • Boreal Arranges Working Capital Debt Facility
    December 2, 2019
    Boreal Metals Corp. ("Boreal" or the "Company") (BMX.V) is pleased to announce that it has entered into a loan facility agreement (the "Loan Agreement") with EMX Royalty Corporation (the "Lender") for a secured loan facility of C$800,000 (the "Loan").
  • Alvarez & Marsal Appoints Senior Infrastructure Specialist to Bolster Global Transaction Advisory Group
    December 2, 2019
    Global professional services firm Alvarez & Marsal (“A&M”) has appointed Wayne Jephson as a London-based Managing Director, to support the continued expansion of its Global Transaction Advisory Group.
  • Nicole Crafts to Divest Out of Retail Operations
    December 2, 2019
    Nicole Crafts has decided to exit its retail operations by retaining the retail and real estate divisions of Gordon Brothers to close the A.C. Moore stores, as part of a broader strategic plan. Matthew Pascucci of Mackinac Partners has been appointed as Chief Restructuring Officer of A.C. Moore to assist in this effort.