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- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$5M
- The LYCRA Company to Eliminate More than $1.2 Billion of Debt through Prepackaged Restructuring Process, Positioning Business for Long-Term Financial Stability and Growth
- Regions Bank Names Jay Darnell as Head of Commercial Card and Fintech Enablement
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$4M
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Merchant Opportunities Fund Closes $27.5 Million BMO Credit Facility
The Merchant Opportunities Fund, a Vancouver-based diversified credit opportunities fund focused on prudently compounding capital over the long-term, today announced that it has closed a revolving debt facility with the Bank of Montreal ("BMO"). The facility consists of a $15 million funding commitment with a two-year term along with a $12.5 million accordion.
The Merchant Opportunities Fund invests in well-selected proprietary specialty finance portfolios, that in many cases consist of loans or advances that are originated, underwritten, and serviced by their primary originator, Merchant Growth. The BMO debt facility specifically provides funding for the Merchant Growth portfolio.
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RPT Realty Announces Closing of Amended and Restated Unsecured Credit Agreement
November 8, 2019KeyBanc Capital Markets Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.
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CoreSite Announces Amended and Expanded Credit Facility
November 8, 2019CoreSite Realty Corporation (COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that it has extended its debt maturity profile and expanded its credit facility with total borrowing capacity of $1.15 billion, including all arrangements with its syndicate of banks.
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Frontier Communications Seeking New CEO Ahead of Restructuring
November 8, 2019Frontier Communications Corp. has started the search for new management to take over the company after it completes what could be the biggest telecom restructuring in nearly two decades, according to people with knowledge of the matter
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Spirit of Texas Bancshares, Inc. Completes Acquisition Of Chandler Bancorp, Inc.
November 7, 2019Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) ("Spirit"), the holding company for Spirit of Texas Bank, completed its acquisition of Chandler Bancorp, Inc. and its subsidiary, Citizens State Bank (together, "Citizens"), on November 5, 2019. Under the terms of the definitive agreement, Spirit issued 2,100,000 shares of common stock and paid an aggregate of $17,900,000 million in cash to the sole shareholder of Chandler Bancorp.
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U.S. Bank Hires Dr. Tanushree Luke as Head of Artificial Intelligence
November 7, 2019U.S. Bank has hired technology leader Dr. Tanushree Luke to lead Artificial Intelligence (AI) efforts at the company. In this role, she will drive the continued development of the AI practice within the U.S. Bank Innovation group and AI strategies across the enterprise.
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Golub Capital Agents $1.6 Billion Loan To Support The Refinancing Of Risk Strategies By Kelso & Company
November 7, 2019Golub Capital acted as the Administrative Agent on a $1.6 billion GOLD facility to support the refinancing of Risk Strategies, a portfolio company of Kelso & Company. GOLD financings are Golub Capital One-Loan Debt facilities. The deal represents Golub Capital’s largest unitranche loan to date.
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Rochester Gauges Acquires Fozmula Limited November 1, 2019
November 7, 2019Rochester Gauges, LLC (“Rochester”), a designer and manufacturer of liquid level gauges and sensors, announced today that it has acquired 100% of the capital stock of Fozmula Limited (“Fozmula”) from HB4. The acquisition of Fozmula is part of a multi-year strategy to expand Rochester’s technical portfolio and global footprint within the liquid level measurement segment.
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GA Global Partners to Conduct Auction of Venchurs Assets on November 14, 2019
November 7, 2019GA Global Partners, LLC (“GA Global”), the wholesale and industrial subsidiary of Great American Group (a B. Riley Financial company), will conduct a public online auction of the assets of Venchurs Inc. on November 14, 2019. The auction will include the sale of Venchurs’ warehouse and distribution equipment, demo upfitted vehicles, as well as its remaining inventory of OEM and aftermarket automotive parts, which includes brand new tractor and backhoe attachments from agriculture machinery manufacturer, CNH Industrial (Case New Holland).
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Utica Leaseco, LLC Announces Completion of Two Transactions
November 7, 2019Utica Leaseco, LLC is pleased to announce the completion of two transactions totaling $2,750,000 during the November 4-8, 2019 week.
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David Schoenrock Appointed EVP and Head of Global Accounts for Willis Re North America; Doug May Promoted to President
November 7, 2019Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW), today announces the appointment of David Schoenrock to the new role of Executive Vice President and Head of Global Accounts for Willis Re North America, effective 23 December.
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U.S. Debt Forum Releases Survey About National Debt Knowledge
November 7, 2019U.S. National Debt rocketed past $23 Trillion. Some elected politicians, economists and others say, "the debt doesn't matter" or "no one cares." Not true - nationwide surveys of Individual Retail Investors and Registered Financial Advisors find:1) strong concerns, 2) they are not knowledgeable, and 3) they overwhelmingly desire to learn about the debt. "Frankly, the survey findings are very troubling," said Michael Doorley, founder of U.S. Debt Forum.
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Back from the Field, Aerial Access Equipment’s Entire Fleet of Construction Rental Assets Hits the Block in a Two-Day Final Auction
November 7, 2019With all rental units returned to AAE’s yards, Tiger Group to liquidate more than 700 aerial lift and construction fleet assets—including late-model, rental-ready equipment—on November 19th and 20th.
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Casino Group: New Revolving Credit Facility as Part of the Refinancing Project
November 7, 2019In 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.
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ATSG Amends Bank Credit Facility
November 7, 2019Air 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.
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Fairstone Financial Inc. Upsizes Credit Facility to $1.85 Billion
November 7, 2019Fairstone 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.
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ABLSoft Partners with Validis to Transform Asset Based Lending
November 7, 2019Validis, 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.
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Grant Thornton Names Bradley J. Preber as CEO
November 6, 2019The 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.
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US LBM Amends Credit Facility, Extends Maturity To 2024
November 6, 2019The 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.
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Alvarez & Marsal Responds to Increased Demand for Healthcare Compliance Advisory Services
November 6, 2019Leading 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.
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John Marshall Bank Promotes Regional Executive, James Estep
November 6, 2019John 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.
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