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Garrington was established in January 2019 as part of a greater blueprint to develop a leading North American loan origination, underwriting and operations platform; handling asset-based lending, factoring, and specialty finance loans ranging from $1 million to $30 million. Garrington’s creation comes from its acquisition of Liquid Capital at the start of the year.

SFNet’s Annual Convention was held in Austin from November 9-11.  This article provides an overview of the key topics addressed. 

Listening to Convention keynoter Peter Zeihan’s geopolitical perspectives is a reminder of the many global and economic disruptors possible and all that one can’t control. However, in keeping with the event’s theme of "Mastering Disruption, Putting Capital to Work in the New Global Environment,” the breakout sessions triggered healthy discussion about what a new global environment for lending could look like, how data could be more strategically used to protect cross-border interests or prevent fraud, and how new supply chain models are forming. The factoring and asset-based lending sessions presented ways to master their markets while facing recessionary headwinds.

Besides the many opportunities to network with peers and clients, attendees in Austin, TX, could absorb others’ views on economic conditions affecting the industry and dive into niche topics of strategic importance.

The COVID-19 pandemic caused ecommerce to transition from “convenient” to “essential,” but what does the post-pandemic world hold for this sector?

Citizens Bank announced today that it has provided a $290 million Revolving Line of Credit to Boca Raton, Fla.-based International Materials, Inc.

Founded in 1987, International Materials, Inc. (IMI) operates as a global broker/trader of bulk commodity materials, most notably cement/clinker, gypsum, bauxite, iron fines and coal/pet coke and will use the $290 million RLOC for working capital.

Gordon Brothers, the global advisory, restructuring, and investment firm, announced today that it has provided a $20 million secured term loan facility to Brooks Brothers Group, Inc, the prototypical American apparel retailer headquartered in New York, New York.  A family business founded in 1818, the company has grown into a truly global brand with stores across the United States and Canada as well as a footprint that spans over 70 countries.  

Moritt Hock & Hamroff (MH&H) announced that two new attorneys joined the firm’s Creditors’ Rights, Restructuring & Bankruptcy practice group: Allison Arotsky and Michael C. Troiano. Each focusing in restructuring matters, Arotsky and Troiano will be adding to MH&H’s more than 40-year-long leadership role in the creditors’ rights sector.

Marc L. Hamroff, managing partner of MH&H, said, “We are delighted to build on our longstanding reputation and excellence in servicing the creditors’ rights, restructuring, and bankruptcy industry by adding two outstanding attorneys to our practice. Both Allison and Michael are expected to make an immediate positive impact on our services to our clients in these areas through their proven expertise, skills, and knowledge of bankruptcy law.”

JPMorgan Chase Bank, N.A. acted as sole global coordinator for the marketing of the Term Loan Facility. PJT Partners is serving as independent financial advisor to the Company.

Mac Fowle is the global head of Asset-Based Lending (ABL) for J.P. Morgan Commercial Banking. He is responsible for the end-to-end strategic leadership of the ABL group in supporting the financing needs for clients across Commercial Banking and the Corporate & Investment Bank (CIB).

In this installment of our series of executive interviews, Charlie Perer sits with Tim Knight (pictured) to hear his perspective on executive development, advice for lenders, the growth in the non-bank market, what every executive should be thinking about, the importance of diversity and lessons learned, among other things.

Knight is the vice president and senior managing partner with ThinkingAhead where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.

Backed by Silicon Valley Bank, Goldman Sachs and Comerica Bank, TripActions secures up to $500 million debt facility to launch first-of-its-kind, end-to-end global corporate travel management and payments solution.

Antares announced today that it served as sole lead arranger and sole lender on $65 million in senior secured credit facilities to support the acquisition of Metal Era by GreyLion Capital.

Founded in 1980 in Waukesha, WI, Metal Era is a manufacturer of high-performance roofing products focused on metal edge and ventilation solutions for commercial, institutional and industrial buildings.

SLR Business Credit is pleased to announce funding a $20,000,000 asset-based revolving line of credit to Copper River Seafoods.

Headquartered in Anchorage, Alaska, Copper River Seafoods, Inc. is a leading value-added processor and distributor of premium quality salmon and seafood products.