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Burnley Capital Provides $2.75MM Revolver to Patrick James
January 5, 2022Burnley Capital, LLC announced the closing of a $2.75 million asset based revolving credit facility to Patrick James to support the Company’s growth and operations. Patrick James is a California based multi-channel retailer of men’s lifestyle apparel. Founded in 1962, the Company offers sportswear, tailored clothing, denim, dress shirts, neckwear, shoes, accessories and various other lifestyle products.
FTI Consulting Enhances Restructuring and Litigation Services
January 5, 2022FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Guy Davis as a Senior Managing Director and JP Eldred as a Managing Director within the Corporate Finance & Restructuring segment.
Abacus Finance Provides Senior Debt Financing to Support the Growth Investment in Wagner Logistics by LongueVue Capital
January 5, 2022Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the growth investment in Wagner Logistics by LongueVue Capital.
Chicago Atlantic Real Estate Finance, Inc. Funds Senior Secured Credit Facility to MEDfarms
January 4, 2022Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic”), announced today it acted as sole lender on a new senior secured credit facility for MEDfarms LLC (“MEDfarms”), a vertically integrated operator in Michigan.
Brian Rafanello Joins Provident as SVP, Head of Treasury Management
January 4, 2022Provident Bank, a leading New Jersey-based financial institution announced today that Brian Rafanello has joined the Bank as Senior Vice President, Head of Treasury Management. Mr. Rafanello is based in the Bank’s Iselin, N.J. administrative headquarters and is responsible for leading the sales, service and operations for the Treasury Management department.
Fifth Third Business Capital Provides $32 Million in Senior Debt Financing to Laurel Grocery Company LLC
January 4, 2022Laurel Grocery was founded in 1922, when the Chestnut and Griffin families formed a partnership in a warehouse located in East Bernstadt, KY. The Company is currently owned by the third generation of the two families. The business grew through the years and eventually re-located to the current site in London KY. Over the years the Company added seven retail grocery stores.
Yieldstreet Private Business Credit Closed 40 New Deals Totaling $335,000,000
January 4, 2022Yieldstreet Private Business Credit finished its first full year in tremendous fashion. In 2021, YS PBC closed a total of $335M in new deals across both consumer and commercial asset classes within various positions of the capital structure.
First Financial Bank Completes Acquisition of Summit Funding Group
January 4, 2022First Financial Bancorp. (Nasdaq: FFBC) ("First Financial") announced today that it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc. ("Summit"), the fourth largest independent equipment financing platform in the United States.
TG Therapeutics Expands Term Loan Facility With Hercules Capital to $200 Million
January 4, 2022TG Therapeutics, Inc. (NASDAQ: TGTX), today announced that its existing term loan facility agreement with Hercules Capital, Inc. (NYSE: HTGC), has been amended to increase the size of the facility to $200 million, with $70 million funded at closing.
WSFS Financial Corporation Completes Acquisition of Bryn Mawr Bank Corporation and Welcomes Three New Board Members
January 4, 2022WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“Bryn Mawr”), and its primary subsidiary, The Bryn Mawr Trust Company (“Bryn Mawr Trust”), as of January 1, 2022. In addition, in accordance with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors of WSFS and WSFS Bank.
First Republic Bank Names Mike Roffler Acting Co-CEO
January 4, 2022First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that its Board of Directors has named Mike Roffler Acting Co-CEO of the Company and appointed him to the Company’s Board of Directors. As previously announced, Roffler also began service as President on January 1, 2022.
FTI Consulting Promotes 33 to Senior Managing Director in US
January 4, 2022FTI Consulting has promoted 33 people to senior managing director in its US operations. The Washington, DC-based management consulting firm also promoted an additional 16 people to senior managing director across its international offices, effective January 1, 2022.
Robert J. Giuffra, Jr. and Scott Miller Become Co-Chairs of Sullivan & Cromwell LLP
January 4, 2022Sullivan & Cromwell LLP announced today that Robert J. Giuffra, Jr. and Scott Miller have become Co-Chairs of the firm, effective January 1, 2022. Mr. Giuffra and Mr. Miller have served as Vice Chairs of the firm since January 2021. They succeed Joseph C. Shenker, the firm’s Chair since 2010, who will continue to serve on the firm’s Management Committee as Senior Chair in addition to continuing with his active client practice.
United Community Banks, Inc. Announces Completion of Merger with Reliant Bancorp, Inc. and Reliant Bank
January 4, 2022D.A. Davidson & Co., Morgan Stanley & Co. LLC and Piper Sandler & Co. acted as financial advisors to United, and Nelson Mullins Riley & Scarborough LLP served as United’s legal advisor. Raymond James & Associates, Inc. and Credit Suisse Securities (USA) LLC served as financial advisors to Reliant, and K&L Gates LLP served as Reliant’s legal advisor.
First Citizens Completes Merger With CIT Group
January 4, 2022First Citizens BancShares Inc. (NASDAQ: FCNCA) ("First Citizens"), parent company of First-Citizens Bank & Trust Company ("First Citizens Bank"), today announced completion of its previously announced merger with CIT Group Inc. ("CIT"). North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on assets), with more than $100 billion in assets, and the largest family-controlled bank in the nation.
OSI Systems Expands Credit Facility to $750 Million
January 3, 2022Wells Fargo Securities, LLC, BofA Securities, Inc. and JPMorgan Chase Bank, N.A. served as Joint Lead Arrangers and Joint Bookrunners. Wells Fargo Bank, National Association, will serve as the Administrative Agent on the amended credit facility.
Abraxas Announces Comprehensive Restructuring, Transformation into Pure-Play Delaware Basin Company
January 3, 2022Abraxas Petroleum Corporation, a Nevada corporation (“Abraxas” or the “Company”) (OTCQX:AXAS), today announced (i) the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2MM, (ii) the repayment of all of its revolving credit facility and (iii) the exchange of its entire Second Lien Term Loan held by Angelo Gordon Energy Funding, LLC (“Angelo Gordon” or “AG”) into newly authorized Series A Preferred Stock.
Armstrong Flooring Announces Amendments to ABL And Term Loan Facilities
January 3, 2022Armstrong Flooring, Inc. (NYSE:AFI) a leader in the design and manufacture of innovative flooring solutions, announced it has successfully amended its ABL Credit Facility and Term Loan Facility today. These amendments, which received unanimous support from the Company's ABL and Term Loan lenders, provide certain covenant modifications under the Company's ABL and Term Loan facilities through June 30, 2022.
Freshlocal Receives $8.8 Million Secured Credit Facility from Export Development Canada
January 3, 2022Freshlocal Solutions Inc. (TSX: LOCL) (OTC: FLOCF) ("Freshlocal" or the "Company") is pleased to announce it has entered into a secured $8.8 million credit facility agreement with Export Development Canada ("EDC") dated December 28, 2021 (the "EDC Facility") to support Freshlocal's international expansion efforts related to its FoodX SaaS-based eGrocery Management Solution (eGMS).
Atento Announces Signing of new Super Senior Revolving Credit Facility
January 3, 2022Atento S.A. (NYSE: ATTO, "Atento"), one of the world's five largest providers of customer relationship and business process outsourcing (CRM / BPO) services and sector leader in Latin America, announced today that it entered on December 23, 2021 a new super senior revolving credit facility with IDB Invest, the private sector arm of the Inter-American Development Bank.
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The Secured Lender
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