Bain Capital Credit announced that the firm’s Private Credit Group invested $2.7 billion to support the growth of middle market and private equity-backed companies in 2021.Bain Capital Credit’s Private Credit Group invested in more than 100...
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February 22, 2022, 08:00 AM
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Phoenix recognizes Michael Jacoby, Senior Managing Director and Shareholder, for his 3 decades of service at Phoenix.Jacoby joined Phoenix in 1992, and at the time became its 4th employee. He became a shareholder in 1994 and has been instrumental to...
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February 07, 2022, 07:47 AM
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Great Elm Capital (GECC), a business development company, acquired a majority equity interest in Sterling Commercial Credit, LLC (“Sterling”) a leading asset-based lender.Established in 2004, Sterling provides asset-based loans to middle market...
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February 04, 2022, 08:00 AM
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Huntington Business Credit closed a new $20,000,000 credit facility with Atlas Wire, LLC on December 31, 2021. Proceeds of the facility were used to assist an acquisition and to provide ongoing working capital growth financing. Atlas...
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February 04, 2022, 07:39 AM
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PineBridge Investments, a global asset manager, announced the final close of PineBridge Private Credit II (“Fund II”) as of 31 January 2022, as part of the firm’s lower-middle-market direct lending strategy. Together with separately managed account...
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February 04, 2022, 07:29 AM
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BlueVine increased the size of its BlueVine Line of Credit warehouse debt facility with Atalaya by two new lenders, both advised by 20 Gates Management, and increasing the committed amount to $150 million, with the ability to upsize the facility to...
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February 04, 2022, 07:10 AM
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Alleon Healthcare Capital closed a $6,000,000 medical accounts receivable financing facility with a primary care provider network based in New Jersey (“Company”). The Company was founded in 2014 and partners with independent primary care...
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February 04, 2022, 07:08 AM
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Antares announced record 2021 performance supporting the growth and refinancing initiatives of new and existing borrowers within the healthcare and technology sectors.In 2021, Antares closed more than 90 transactions for middle market...
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February 03, 2022, 08:10 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team provided a $9 million revolving line of credit to Auto Advance, LLC — an auto...
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February 03, 2022, 08:02 AM
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Fifth Third Business Capital provided a $9,000,000 credit facility consisting of a revolving line of credit, term loan and capital expediture facility for a management buyout to Armored Republic Holdings.Armored Republic Holdings manufactures body...
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February 03, 2022, 08:00 AM
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Runway Growth Capital announced Greg Greifeld has been named Managing Director, Deputy Chief Investment Officer and Head of Credit at the growing firm. Greifeld will work alongside Runway’s Founder, Chief Executive Officer and Chief Investment...
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February 03, 2022, 07:46 AM
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ORIX Corporation USA (ORIX USA) announced two senior appointments within its asset management business. Jeff Abrams has been named Chief Investment Officer (CIO), Asset Management, and Timothy Loughlin has joined the firm as Managing Director in the...
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February 03, 2022, 07:41 AM
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William Blair announced the expansion of its executive leadership team and named Beth Satterfield to the newly created position of chief operating officer. “William Blair seeks excellence in everything we do as we strive to have a meaningful impact...
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February 02, 2022, 07:26 AM
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Banc of California hired John Helgeson in the new position of Senior Director, Specialty Banking to focus on banking and lending to charter schools. In this position, Helgeson will be reporting to Patti Thompson-Derry, Market Executive for Banc of...
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February 02, 2022, 07:00 AM
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Wells Fargo & Company announced that Jessica Lupovici has been named head of Middle Market Banking’s East Region, part of Commercial Banking. Lupovici will join Wells Fargo in April and report to Kristin Lesher, executive vice president and head of...
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February 01, 2022, 08:08 AM
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FGI Worldwide announced that Sami Altaher has been named President of FGI, effective, February 1st. David DiPiero will continue to serve in his role as Chief Executive Officer. Altaher’s promotion and DiPiero’s continued service as CEO reflect their...
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February 01, 2022, 08:02 AM
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Bank of Ann Arbor announced a new Asset Based Lending Group, stationed in its new branch office at 260 East Brown Street, Birmingham, Michigan. As reported last week, this new branch location housing retail banking, commercial lending, and asset...
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February 01, 2022, 07:55 AM
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Hilco Corporate Finance added Sheon Karol to the Hilco Corporate Finance team. Mr. Karol will serve as Managing Director in Corporate Finance/Special Situations. Mr. Karol is a nationally prominent investment banker and restructuring advisor. He...
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February 01, 2022, 07:50 AM
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BizCap (Business Capital since 2002), announced industry veteran Karen Gottwald has joined as senior vice president, business development officer. Coinciding with the hiring of Ms. Gottwald is the opening of BizCap’s new office in Tampa. Based in...
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February 01, 2022, 07:25 AM
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AlerisLife, formerly known as Five Star Senior Living, closed a $95 million senior secured term loan with Midcap Funding VIII Trust (“MidCap”), as administrative agent and lender, of which $63 million is currently outstanding. The remaining loan...
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January 31, 2022, 08:00 AM
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The International Factoring Association (IFA) announced that registration is open for the 28th Annual Factoring Conference. The gathering will be held May 4-6, 2022, at the Sheraton Boston Hotel and will offer an array of expert speakers, networking...
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January 31, 2022, 07:41 AM
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Innocoll Biotherapeutics, a specialty pharmaceutical company and portfolio business of Gurnet Point Capital, successfully refinanced its existing term loan facility with a new $125 million term loan provided by funds managed by Oaktree Capital...
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January 31, 2022, 07:36 AM
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Manufacturers Bank added Michael Leary, a Chartered Financial Analyst, as Executive Vice President and Chief Risk Officer, reporting to Kazuhisa Miyagawa, Chairman and CEO, and functionally to the Manufacturers Bank Board of Directors and to Kim...
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January 31, 2022, 06:00 AM
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Fifth Third Business Capital provided a $14.5 million refinance facility to Alliance Precision Plastics. The refinance facility included a revolving credit facility, term loan and capital expenditure line. Founded in 1953, Alliance Precision Plastics...
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January 28, 2022, 07:58 AM
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Zions Bancorporation, through its Texas division, Amegy Bank of Texas, closed and funded an $10,000,000 credit facility for a manufacturer of oilfield chemicals. The credit facility consisted of a multi-year revolving line of credit. Proceeds of...
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January 28, 2022, 07:35 AM
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Chicago Atlantic Real Estate Finance funded $10 million as the initial advance of a new $25 million senior secured credit facility to Sanctuary Medicinals LLC ("Sanctuary") to support their retail and cultivation expansion in Florida.Headquartered in...
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January 28, 2022, 07:30 AM
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eCapital Corp. announced the acquisition of UMB Bank’s Accounts Receivable Financing division portfolio.“This acquisition from UMB Bank supports our organizational growth strategy, as we continue to advance our position in the alternative finance...
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January 27, 2022, 08:00 AM
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Root, the parent company of Root Insurance Company, completed a new term loan facility with BlackRock Financial Management, on behalf of funds and accounts under its management, and its affiliates and co-investor. The five-year, $300 million term...
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January 27, 2022, 07:58 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Providence Care (“Providence”) by private equity sponsor, InTandem Capital. Founded in 2010 and headquartered...
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January 27, 2022, 07:55 AM
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BizCap successfully delivered a customized financing solution for its client, Pacific Recycling, Inc. This financing will be used to pay-off existing debt, with the remaining proceeds available as working capital to finance infrastructure expansion...
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January 27, 2022, 07:45 AM
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Cerebro Capital, a commercial loan marketplace, announced the appointment of John Robinson and James Paterson as Managing Directors of Credit Origination. Together, Robinson and Paterson will source credit opportunities among private equity firms...
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January 27, 2022, 07:37 AM
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CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund L.P. to facilitate the Fund's investments. The FPA WhiteHawk Fund seeks to earn...
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January 26, 2022, 07:53 AM
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Horizon Technology Finance led a $50 million venture loan facility to Nextcar Holding Company, Inc. dba Autonomy, a completely digital mobility offering that provides consumers with an affordable way to get access to a vehicle without long-term debt...
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January 26, 2022, 07:52 AM
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Rosenthal & Rosenthal completed a $2.5 million asset based lending deal to support the growth capital needs of a company specializing in video remote interpretation technology. A relatively young brand, the company was experiencing tremendous demand...
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January 26, 2022, 07:30 AM
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Blank Rome announced that David E. Kronenberg has joined the firm as an energy finance partner in the Finance, Restructuring, and Bankruptcy practice group and as a member of the firm’s cross-practice Energy Industry Team, and will be based in the...
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January 26, 2022, 07:24 AM
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Värde Partners closed $946 million in U.S. commercial real estate (CRE) loans across 14 transactions in the fourth quarter of 2021. In total, Värde’s CRE lending platform originated over $2.7 billion in 2021, spanning hospitality, office, multifamily...
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January 25, 2022, 08:05 AM
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MidFirst Business Credit (MFBC) provided a $15 million working capital facility to Coast Medical Service, Inc. Headquartered in Los Angeles, Coast Medical is a healthcare staffing company that recruits and hires nurses for placement in both...
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January 25, 2022, 08:02 AM
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The Capital Markets Strategy team at Mitsubishi UFJ Financial Group (MUFG) released its annual outlook to C-suite executives analyzing how corporate strategy is transitioning to a post-pandemic world in 2022 amid rising interest rates, a pivot to...
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January 25, 2022, 07:45 AM
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Huntington Business Credit closed a new $150,000,000 credit facility with Dakkota Integrated Systems on December 13, 2021. Proceeds of the facility were used to refinance existing debt and to provide ongoing working capital growth...
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January 24, 2022, 07:56 AM
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Blackstone launched Blackstone Credit’s Sustainable Resources Platform focused on investing in and lending to renewable energy companies and those supporting the energy transition. Blackstone Credit is one of the world’s largest providers of private...
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January 24, 2022, 07:00 AM
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Wells Fargo appointed Derek Flowers as the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a...
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January 19, 2022, 08:03 AM
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The Commercial Finance Association Education Foundation, soon to become the Secured Finance Foundation, announced the findings of a comprehensive study of the scope and impact of the secured commercial finance market in the U.S. The 2019 Secured...
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March 08, 2019, 08:09 AM
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The law firm of Dykema announced that has named Thomas M. Schehr Director of the firm’s Financial Industry Group, a multi-disciplinary group bringing together Dykema lawyers from all regions of the country in the areas of litigation (commercial as...
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February 07, 2018, 07:01 AM
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YieldStreet, the alternative investment platform working to change the way wealth is created, announced that it has closed a $113 million financing round. The round includes $12.8 million of Series A equity financing co-led by Greycroft and Raine...
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January 12, 2018, 07:10 AM
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Siena Lending Group LLC (“Siena”) announces the completion of a three-year $2.5 million asset based revolving and term loan credit facility for DelVal Flow Controls ("DelVal") to refinance their existing senior debt and to provide additional working...
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December 08, 2016, 07:38 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced today that Richard Zeni has joined its Loan Originations team in Canada as a business development officer. Based in Toronto, Zeni is primarily responsible for sourcing and...
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November 14, 2016, 08:12 AM
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Lighthouse Financial Corp. provided a $1.7 million revolving line of credit and a $350,000 term loan facility to an Atlanta, GA based fabricator and distributor of pipes, valves, and fittings. Founded in 1998, the company started primarily as a...
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November 07, 2016, 07:41 AM
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Republic Business Credit has hired Thomas Harris as Senior Vice President of Business Development. As the new business team continues to expand this appointment adds depth and strength to the already cemented Midwestern presence supporting Republic’s...
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November 02, 2016, 07:43 AM
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Siena Lending Group announced Maria Palomino has joined as Senior Vice President New Business Originations -- Western Region, based out of Los Angeles. In this position, she will be focused on originating middle market transactions and new bank...
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September 29, 2016, 07:42 AM
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Siena Lending Group announces the completion of a $7 million credit facility for Armada Skis, Inc. (“Armada”) to refinance their existing senior debt and to support their working capital needs. Headquartered in Park City, UT, Armada designs...
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September 28, 2016, 07:38 AM
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NewStar Financial, an internally-managed commercial finance company and asset manager, announced its liquid credit platform, NewStar Capital LLC (“NewStar Capital”), completed a $410 million broadly syndicated loan securitization known as Arch Street...
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September 22, 2016, 07:09 AM
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First Financial Bancorp, parent company of First Financial Bank, N.A. is positioning itself for continued growth with the announcement of senior leadership changes in alignment with the company's strategic initiatives.To accelerate execution, First...
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September 08, 2016, 06:53 AM
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Business Capital, a leading commercial finance firm, has strengthened its industry presence with the appointment of two new managers, Dominic Randolph and Joe LaBarbera, and the promotion of Reed Upson. All are based in the San Francisco office and...
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September 07, 2016, 07:32 AM
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Siena Lending Group announced the completion of a three-year $4.5 million asset based revolving credit facility for Amstek Metal LLC to refinance their existing senior debt and to provide additional working capital for the business. Located in Joliet...
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August 30, 2016, 07:42 AM
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NewStar Financial announced that John Frishkopf will retire from the company as of September 30, 2016. Frishkopf was a founding member of the firm and has served as Treasurer and head of its Asset Management group since NewStar’s inception in 2004. ...
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August 12, 2016, 07:27 AM
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EverBank announced several new senior management appointments and strategic organizational changes for its Commercial Division, serving small and mid-size companies across the country.“Over the past several years, EverBank has acquired or started a...
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June 16, 2016, 08:04 AM
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Wells Fargo Capital Finance announced Christian Conroy, Director of Loan Originations for Wells Fargo Capital Finance, is one of the winners of The M&A Advisor’s 40 Under 40 Emerging Leaders Awards.The M&A Advisor, renowned globally for its...
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June 14, 2016, 07:50 AM
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Lighthouse Financial Corp. announced it has provided a $3.2 million revolving line of credit and a $235,000 term loan to a NC based manufacturer of medical and non-medical hosiery. The company was founded in 1927 and, prior to 2014, focused on women...
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May 17, 2016, 07:16 AM
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Crystal Financial announced it nderwrote a $20 million term loan for Intersections Inc. Founded in 1986 and headquartered in Chantilly, VA, Intersections is a leading provider of consumer identity protection and monitoring services. In addition, the...
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May 10, 2016, 07:42 AM
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Siena Lending Group announced the completion of a $15 million credit facility for Rotorcraft Leasing Company, LLC to refinance their existing senior debt and to support their working capital needs. Rotorcraft is an investment of Bain Capital Credit...
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April 28, 2016, 07:42 AM
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Gross & Janes Co. (G&J) has completed a recapitalization, including an asset-based revolving credit facility from Siena Lending Group LLC and a term loan provided by CapX Partners. FocalPoint acted as exclusive financial advisor to G&J.Headquartered...
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April 20, 2016, 07:58 AM
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Republic Business Credit announced it has hired Eric Dorner as VP, Business Development. The new appointment further strengthens the company's Midwestern presence as it expands its sales team to provide working capital solutions across the...
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April 05, 2016, 07:54 AM
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In an attempt to gauge funding needs and challenges for mid- to large-sized businesses, Bibby Financial Services revealed the who, what and why of commercial finance needs for today’s financial decision makers and their outlook for 2016. This survey...
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March 31, 2016, 08:01 AM
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Crystal Financial LLC, an independent commercial finance company, announced the closing of a $17 million term loan for Numerex Corp. Headquartered in Atlanta, Numerex is a leading provider of managed enterprise solutions enabling the Internet of...
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March 29, 2016, 07:51 AM
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Intersections Inc. announced that it successfully completed a $20 million term loan financing with Crystal Financial LLC (“Crystal”). Additionally, the company noted that during the fourth quarter of 2015, it closed a private placement of 3.0 million...
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March 22, 2016, 08:02 AM
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National Funding announced the expansion of the National Funding Middle Market Lending team with the addition of Janice Ibey. She brings more than two decades of experience in commercial finance, advisory and management roles with financial services...
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March 10, 2016, 07:29 AM
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MidCap Business Credit announced the hiring of Steve Lenihan as a Senior Vice President to its relationship management team. Lenihan has 30 years of experience in commercial banking, project finance and asset-based finance, most recently with GE...
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February 23, 2016, 07:49 AM
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North Mill Capital LLC announced Chris Lehnes, a 20+ year veteran of small business lending, has joined the firm as Senior Vice President, Business Development Officer. Lehnes has been charged with developing asset-based lending and factoring...
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January 29, 2016, 07:12 AM
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Sterling National Bank announced that Vincent (Vince) Maine has joined the Bank as Senior Managing Director to lead its newly-established Community Development Banking team. The new team expands the Bank's Community Reinvestment Act (CRA) initiative...
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December 23, 2015, 07:39 AM
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Comvest Partners, through its Comvest Capital lending platform, and Crystal Financial LLC, a provider of debt capital solutions to middle-market businesses, announced that they have acted as Co-Agents in providing a term loan to Crest Financial....
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December 22, 2015, 07:51 AM
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Crestmark Bank announced that Robert Harbers has been named national sales manager for its Trade Services Division. He had been business development officer for the company’s East Division since joining the company in 2004. In his new role, he...
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December 21, 2015, 07:59 AM
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Great Rock Capital Partners (Great Rock), a Connecticut-based investment management firm, announced the launch of its lending platform that will provide asset-based and asset-backed loans for middle market companies whose financing needs are not...
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December 16, 2015, 08:04 AM
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Asset quality reversion, growing regulatory scrutiny and profitability pressures are among the challenges facing finance and leasing companies (FLCs) globally in the coming year, supporting Fitch Ratings' negative sector outlook for 2016.The Rating...
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December 04, 2015, 07:11 AM
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Siena Lending Group continues to expand its nationwide platform with today’s announcement of the hiring of Steve Bellah as the Southwest Regional Director. Bellah, a highly seasoned ABL veteran, will be focused on originating middle-market...
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December 03, 2015, 08:17 AM
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Siena Lending Group announced the completion of a three-year $27 million credit facility for Sypris Solutions Inc. (“Sypris”) to refinance their existing senior debt and to support their growth requirements. The facility included a $15 million...
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November 16, 2015, 08:11 AM
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Milberg Factors, one of the largest factoring and commercial finance companies in the U.S., announced the promotion of William A. Zisfein to Executive Vice President. Since 1998 Zisfein has served as Senior Vice President at Milberg Factors. As a...
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November 02, 2015, 07:47 AM
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Business Capital, a leading commercial finance firm, announced the recent addition of Reed Upson as Business Relationship and Credit Manager. He will play a central role in managing and developing relationships, underwriting credit transactions, and...
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October 14, 2015, 07:31 AM
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NewStar Financial Inc., an internally-managed commercial finance company, announced it completed a $398 million term debt securitization known as NewStar Commercial Loan Funding 2015-2. All floating rate classes of notes were priced at par. NewStar...
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September 22, 2015, 07:14 AM
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NewStar Financial announced it has agreed to acquire Feingold O'Keeffe Capital, LLC d/b/a FOC Partners ("FOC"), a private alternative asset management firm based in Boston, Massachusetts. The acquisition will add approximately $2.3 billion to...
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September 17, 2015, 07:44 AM
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DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $2 million export accounts receivable facility to an apparel manufacturer in Pakistan. The client, exporting to Europe and...
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August 21, 2015, 07:10 AM
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Capital Garden has recently established an invoice factoring relationship with an award winning production company. This California-based company specializes in online media, broadcast, corporate video production and executes live events for the...
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August 14, 2015, 07:06 AM
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Capital Business Credit LLC (CBC), a global commercial finance and factoring company, announced it has recently provided more than $50 million in trade financing lines of credit to retailers, manufacturers and importers in the fashion apparel...
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August 04, 2015, 07:26 AM
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Siena Lending Group announces the completion of a $7.25 million revolving and term loan facility for Don Rose Oil Company (“DRO”). The facility was used to refinance the existing lender as well as providing additional liquidity for working capital...
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August 03, 2015, 07:53 AM
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First Niagara Commercial Finance, the asset-based lending arm of First Niagara Financial Group, announced that it closed on a $43.5 million financing package to help Pennsylvania-based U.S. Corrugated, Inc. expand its operations and open a new, state...
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July 31, 2015, 08:06 AM
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Siena Lending Group announced the completion of an $8 million revolving and term loan facility for Southern Parallel Forest Products Corp. The facility will be used to purchase a sawmill and planer mill as well as providing additional liquidity for...
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July 28, 2015, 08:04 AM
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CIT Group reported net income of $115 million for the quarter ended June 30, 2015, compared to net income of $247 million for the second quarter of 2014. Net income for the six month period ended June 30, 2015 was $219 million compared to $364...
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July 28, 2015, 07:48 AM
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Churchill Asset Management LLC, a majority-owned subsidiary of TIAA-CREF focused on originating, underwriting and managing senior loan investments, appointed Christopher Cox as a senior managing director and chief risk officer. The appointment is...
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July 28, 2015, 07:11 AM
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Turtle Beach Corporation, a leading-edge audio technology company and #1 in gaming audio, announced the successful completion of a new $15 million term loan and amendments to its existing subordinated notes, $13.8 million of which will remain...
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July 23, 2015, 07:53 AM
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Transfac Capital, the Salt Lake City-based alternative financial services and factoring company, has named TJ Gill as its new National Sales Manager.“We’re extremely pleased to have TJ as a permanent member of the Transfac team. TJ is an engaging...
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July 22, 2015, 07:31 AM
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Siena Lending Group announced the completion of a $14.5 million revolving and term loan facility for AmerTac Holdings, Inc. (AmerTac). The facility was used to refinance the existing lender as well as providing additional liquidity for working...
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June 24, 2015, 08:01 AM
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Gordon Brothers-AccuVal, the valuation division of Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced Francis Garvin has joined as Director...
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June 22, 2015, 07:57 AM
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Crystal Financial announced the closing of a $12.5 million Senior Term Loan for Aquent, a subsidiary of TRI Ventures, Inc. (“TRI”). Headquartered in Boston, Aquent is the market leader in temporary staffing and outsourced project development in the...
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June 18, 2015, 07:26 AM
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Capital Business Credit LLC (CBC), a global commercial finance company, announces two key appointments, expanding the company’s Los Angeles and Charlotte offices. Matt Piccolo and Katherine Griffin have joined as Senior Account Executives/Vice...
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June 16, 2015, 07:54 AM
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Milberg Factors announced the appointment of Jeffrey S. Sesko as Vice President. Sesko will be responsible for new business development in the Western Region. He will report directly to Dave Reza who heads Milberg’s California office. “We are pleased...
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June 02, 2015, 07:33 AM
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Allied Financial Corporation, an Atlanta-based independent commercial finance company specializing in lines of credit to small and medium-sized businesses, recently added Cherie Milazzo as a new business development officer.“We are very excited to...
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May 26, 2015, 07:32 AM
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First Capital, a commercial finance company with a national presence, announced that it has completed the sale of its three product businesses to separate buyers. Traditional factoring was sold to Sterling Bancorp on May 7, 2015; Recourse Factoring...
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May 19, 2015, 08:06 AM
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David DiPiero, president and CEO of FGI, announced the launch of FGI Equity to focus on making minority and majority investments in middle market growth companies. FGI Equity will invest in companies both domestically and globally through direct...
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May 13, 2015, 08:07 AM
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NewStar Financial Inc., an internally-managed commercial finance company, announced that it has formed a new financing subsidiary, NewStar Warehouse Funding I, which has entered into a $175 million revolving warehouse financing arrangement with...
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May 13, 2015, 07:59 AM
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Accord Financial Corp. announced the appointment of Mr. Gary J. Prager to Accord's Board of Directors.Prager is nationally recognized as a leader in the commercial finance industry in the U.S. Spanning almost two decades with CIT, Prager was...
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May 08, 2015, 07:14 AM
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Rosenberg & Fecci Consulting, LLC announced that Michael A. Ticehurst has been admitted to the LLC as a partner. Ticehurst joined Rosenberg & Fecci in 2005 and rose from a junior field examiner to Field Examination Manager, prior to becoming a...
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April 09, 2015, 07:08 AM
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Wells Fargo Capital Finance acted as joint lead arranger and administrative agent on a $130 million senior secured credit facility for Clearlake Capital Group’s new and existing software portfolio companies. Upon closing, the financing supported...
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April 01, 2015, 07:49 AM
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Gordon Brothers Finance Company (GBFC) has completed a €10.5 million Term Loan to Tvilum APS (Tvilum). Tvilum is one of the world’s largest manufacturers of self-assembly, flat-packed furniture. Tvilums’ products are sold to customers in over 20...
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April 01, 2015, 07:36 AM
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Austin Financial Services, Inc. and Diamond Creek Capital, LLC (DCC) announced their formation of a strategic alliance. The alliance of DCC, a special situations cash flow and enterprise value lender, and Austin, a privately funded asset based lender...
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March 30, 2015, 08:07 AM
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Rosenthal & Rosenthal, Inc., the largest privately held domestic factoring and financing firm, announced the hiring of Robert A. Miller as Executive Vice President and Head of Asset Based Lending. Miller will be responsible for Rosenthal’s Asset...
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March 24, 2015, 07:41 AM
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InterCloud Systems announced it has signed a definitive agreement for a new senior credit facility from Faunus Group International Inc. ("FGI"). This new $15 million facility is secured by the consolidated accounts receivable of InterCloud and its...
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March 24, 2015, 07:16 AM
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Lender Recruiting announced that Paul Cottone has joined the firm as a senior recruiter. In this role, Cottone will be responsible for new business development and cultivating and maintaining client relationships with asset-based lenders, factoring...
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March 23, 2015, 07:34 AM
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As TAB Bank continues to expand its footprint in terms of geography and business opportunities it is pleased to announce the addition of Chip Scoggins to the business development team as Vice President and Business Development Officer. Chip will be...
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March 20, 2015, 07:51 AM
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Stonebriar Commercial Finance LLC ("Stonebriar") announced the commencement of its operations with financial backing from Topeka, Kansas based Security Benefit Corporation ("Security Benefit").Stonebriar will provide financing solutions to a broad...
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March 11, 2015, 07:25 AM
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Triumph Bancorp, Inc. announced that it, through its wholly owned subsidiary Triumph Capital Advisors, LLC, has acquired all the equity of Doral Money, Inc. and certain related assets in connection with the Federal Deposit Insurance Corporation's...
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March 04, 2015, 07:16 AM
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TD Bank has named Roger A. Portaro as Vice President, Origination and Business Development in Asset Based Lending. Based in Charlotte, N.C., Portaro will cover publicly-traded and privately-owned companies in industry sectors including retail, food...
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February 20, 2015, 08:03 AM
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AIP Private Capital announced the appointment of Adam Flomen as the new Vice President, Originations. In this new role, Adam will lead the growth of the private debt portfolio by providing secured financing solutions for small and emerging growth...
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February 19, 2015, 07:26 AM
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Dwight Capital, a leading real estate lender focused on financing multifamily and healthcare properties, announced that it has launched Dwight Funding, an asset-based lending group in partnership with Ben Brachot and Daniel Basloe.Brachot and Basloe...
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February 04, 2015, 11:03 AM
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Siena Lending Group LLC (‘Siena”) announced the completion of a $3.0 million revolving credit facility for The Smedley Company (“Smedley”). The facility was used to refinance Smedley’s existing credit facility and will be used for working capital...
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January 12, 2015, 07:53 AM
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NewStar Business Credit, a division of NewStar Financial, Inc. announced it has hired David Teszler as a Senior Vice President in its Atlanta, GA office. Teszler will be responsible for generating new asset-based financing opportunities with middle...
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January 07, 2015, 08:05 AM
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Siena Lending Group announced the completion of a $6 million revolving and term loan facility for Lincoln Paper and Tissue, LLC. The facility was used to fund a capital expenditure project that was time sensitive and critical for the business as well...
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January 06, 2015, 07:27 AM
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Business Capital has structured and secured a multi-million dollar credit facility for Mike’s Bikes, the largest independent bicycle retailer on the West Coast, based in Marin County California, the birthplace of mountain biking. The Company sells...
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January 05, 2015, 07:46 AM
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According to an announcment in the financial press, Chris Hart and Nigel Barr have joined the staff at BNP Paribas Commercial Finance in its London sales office. Both Hart and Barr are well known and respected within the asset-based lending community...
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December 29, 2014, 07:39 AM
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Siena Lending Group LLC announces the completion of a three-year $25 million asset-based revolving credit facility for Universal Lubricants, LLC, a portfolio company of Pegasus Capital Advisors. Universal Lubricants, LLC will utilize the facility to...
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December 15, 2014, 09:03 AM
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First Capital has provided a $6 million asset-based credit facility to Hint, Inc., maker of the leading and fastest growing flavored water on the market. The senior credit facility consists of a working capital revolver secured by accounts receivable...
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December 11, 2014, 07:56 AM
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Siena Lending Group announced the completion of a three-year $6 million senior secured credit facility for OL International Holdings LLC on November 14, 2014. The facility was used to fund a portion of the acquisition and will be used to support the...
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December 10, 2014, 07:42 AM
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Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, announced that the restructuring of the John Forsyth Shirt Company was named the M&A Advisor...
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December 09, 2014, 07:15 AM
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NewStar Financial Inc., a specialized commercial finance company, GSO Capital Partners ("GSO"), the credit division of the Blackstone Group), and Franklin Square Capital Partners, the largest manager of business development companies, announced today...
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December 05, 2014, 07:39 AM
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MidCap Financial, LLC, a leading commercial finance company focused exclusively on middle market companies, served as syndication agent for a senior credit facility to support the acquisition of LDM Group, LLC by Lee Equity Partners, a leading middle...
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November 17, 2014, 07:15 AM
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NewStar Financial, a specialized commercial finance company, GSO Capital Partners, the credit division of Blackstone, and Franklin Square Capital Partners, the largest manager of business development companies, announced today that they have formed a...
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November 06, 2014, 07:44 AM
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BlackRock Kelso Capital Corporation announced that it has completed a transaction with Gordon Brothers Group to launch Gordon Brothers Finance Company (“GBFC”). GBFC will be a majority-owned portfolio company of BlackRock Kelso, with Gordon Brothers...
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November 03, 2014, 07:46 AM
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Monroe Credit Advisors announced that it has placed $65 million of senior and junior secured credit facilities for its client, Bird Electric Enterprises, LLC. Proceeds of the loan were used to consolidate and refinance existing debt as well as...
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October 16, 2014, 07:43 AM
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TD Bank has promoted Christopher L. Rallo to Senior Relationship Manager in the Commercial Banking, based in Wilton, Conn. He is responsible for managing and growing a large and diverse portfolio of commercial lending, commercial real estate and...
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October 16, 2014, 07:09 AM
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First Financial Bank announced the expansion of its specialty banking leadership team and the launch of First Financial Business Capital, a division of First Financial Bank.Steve Fields will serve as Senior Vice President and Director of First...
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October 09, 2014, 07:39 AM
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Diversified Lenders, Inc. (DLI) announced that it has acquired American Business Finance, LLC (ABF) out of Edmond, Oklahoma. Founded in 2003 by Dave Pendley, ABF is a privately owned accounts receivable financing source specializing in providing...
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October 06, 2014, 08:03 AM
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The Commercial Finance Association (CFA) has announced its new Executive and Management Committees for its Fiscal Year 2015. The Committees, comprised of key leaders in the commercial finance industry, will guide the Association, make policy...
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October 03, 2014, 07:04 AM
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Amerisource Capital, the ABL division of Amerisource, announced the closing and funding of a $4 million asset-based loan working capital revolver, secured by accounts receivable, for a regional trucking company based in Connecticut. For several...
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September 26, 2014, 07:49 AM
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Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced today that Frank Grimaldi has been promoted to National Sales Manager of the...
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September 24, 2014, 08:06 AM
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Lighthouse Financial Corp. announced that James A. (Al) Foster has been hired as Vice President, Business Development to cover Alabama, Georgia, Kentucky, Tennessee, West Virginia, and southern Ohio. Foster's primary responsibility will be the...
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September 17, 2014, 07:22 AM
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MidCap Business Credit has appointed Michael Perfetti as senior vice president to its business development team and Paul Neydavood as assistant vice president, to its risk team as an underwriter. Perfetti, has spent the last 15 years in asset-based...
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September 11, 2014, 07:16 AM
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Siena Lending Group announced the completion of a three-year $10 million senior secured revolving credit facility as part of a $25 million refinancing for Horizon Coach Lines (“HCL”). The financing was completed in conjunction with a capital lease...
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September 10, 2014, 07:51 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced that after a forty year career in the commercial finance industry, Steve Brown is retiring, effective September 30th. Brown has served as a Senior Vice President...
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September 09, 2014, 07:36 AM
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Jim S. Johnson has recently been elected Senior Vice President and New Business Development Officer for Marquette Business Credit in the firm's Dallas office.In this role, Johnson will have an integral role in furthering Marquette’s goal of building...
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September 09, 2014, 07:16 AM
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First Capital, a national commercial finance company, announced it has provided a $6 million asset-based credit facility to H2Origins Seafood, a sustainably-raised seafood distributor. The senior credit facility consists of a $6MM working capital...
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September 03, 2014, 07:26 AM
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First Capital, a specialized commercial finance company, announced that it has provided $17.5 million asset-based senior credit facility to a manufacturer of skincare products. The senior credit facility consists of a $17.5 million working capital...
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August 20, 2014, 07:39 AM
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Siena Lending Group LLC (“Siena”) announced the completion of a three year, $10 million senior secured revolving credit facility for Hudson Global Resources Management, Inc. (“Hudson”). The facility will be used to repay the company’s existing lender...
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August 13, 2014, 07:17 AM
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MidCap Business Credit has appointed Michael Perfetti to its business development team. Perfetti, has spent the last 15 years in asset-based finance and has been in business development roles for Celtic Capital, Presidential Financial, and Summit...
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August 04, 2014, 07:33 AM
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Sports Chalet is a premier, full-service specialty sporting goods retailer offering a broad assortment of brand name sporting goods, equipment, apparel, and footwear. The California-based retailer operates 50 stores located in California, Arizona...
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August 01, 2014, 07:31 AM
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NewStar Financial has increased the size of the NewStar Arlington Senior Loan Program (the "Arlington Fund" or the "Program") to $400 million and completed a term debt securitization to provide leverage for the Program. The Arlington Fund was formed...
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July 02, 2014, 07:27 AM
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Siena Lending Group announced the completion of a three year, $5 million senior secured revolving credit facility for Vibrant Health. The facility will be used for working capital needs as Vibrant Health continues on its strong path of growth....
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June 26, 2014, 07:23 AM
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Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced the hiring of Andrew Booth as a Senior Managing Director and Head of Leveraged Finance. Booth will focus on further developing the firm's...
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June 18, 2014, 07:19 AM
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Commercial lending expert Patrick McMullan has launched ALCS Capital to provide business owners with alternative sources for the capital they need to grow or run their businesses. ALCS leverages McMullan's 25 years of industry experience and keen...
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June 17, 2014, 07:14 AM
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Varagon is an independent firm, backed by American International Group, Inc. and by certain partners and affiliates of Oak Hill Capital Management (Oak Hill), and launches with an initial $1.5 billion investment commitment from AIG.For investors...
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June 12, 2014, 07:53 AM
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Ares Management, L.P. announced on Jun.5 that it has expanded into the commercial finance sector through its acquisition of Keltic Financial Services LLC and Keltic Financial Partners II, LP, a leading commercial finance company that provides...
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June 06, 2014, 07:23 AM
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Triumph Bancorp, Inc. ("Triumph"), a financial holding company with interests in community banking, commercial finance and investment management, announced a series of management assignments.Dan Karas has been named Chief Lending Officer of Triumph's...
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May 28, 2014, 07:27 AM
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First Capital, a national commercial finance company, announced it has provided a $5 million asset-based credit facility to PLM, Inc, a Modesto, California-based producer of premium ice cream and frozen fruit confections distributed in both large big...
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May 28, 2014, 07:10 AM
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White Oak Global Advisors, LLC announced that Allan Marzen has joined the firm as Managing Director of Originations. Marzen is responsible for originating and underwriting new investment opportunities for White Oak’s private debt funds throughout the...
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May 01, 2014, 07:29 AM
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Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $20 million term loan with with Zafgen, Inc. The funds were provided to Zafgen from...
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April 18, 2014, 07:10 AM
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Capital Business Credit provided an $8.8 million asset-based loan facility to Sabin Robbins Converting Co. (Sabin), a leading, full service paper convertor located in Ohio. CBC assisted the equity sponsor, Theca, LLC, in the acquisition.
Under tight...
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April 17, 2014, 07:44 AM
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Eastern Funding LLC, one of the country's leading commercial finance companies, has achieved a new milestone in financing small business loans. With customers operating in multiple industries across the United States, Eastern Funding's $1 Billion in...
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March 19, 2014, 07:19 AM
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Diversified financial services company ORIX USA Corporation announced that Brian F. Prince has officially commenced his role as the Company’s new Chief Executive Officer (CEO), overseeing strategic operations and growth initiatives, which will...
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February 06, 2014, 07:39 AM
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Wells Fargo Capital Finance acted as sole lead arranger and book runner on a $55 million senior secured revolving credit facility that will be used for working capital and general corporate purposes for Evergreen Enterprises of Virginia, LLC, which...
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January 17, 2014, 07:36 AM
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Crystal Financial LLC, an independent commercial finance company, announced the closing of a $28 senior term loan for Times Publishing Company. Headquartered in the Tampa Bay area, the company is one of the leading newspaper publishers in the United...
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January 17, 2014, 07:29 AM
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Monroe Credit Advisors today announced that it placed $33.0 million of senior secured credit facilities for its client, Smith Mountain Industries, Inc., a portfolio company of private equity sponsor, Strength Capital Partners. The credit facilities...
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December 12, 2013, 08:04 AM
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Capital Business Credit, a globally integrated financial products and services company, announced that Martin Schnurr will join the CBC team to grow its factoring and trade finance business in the Southeast. Schnurr brings to CBC more than 35 years...
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December 04, 2013, 07:51 AM
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MidCap Financial, a leading healthcare oriented commercial finance company focused on the middle market in the United States, today announced it has been acquired by an entity managed by Apollo Global Management, LLC (together with its consolidated...
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November 19, 2013, 07:43 AM
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Business Capital announced the addition of banking expert Michael Foley as senior underwriter and analyst . He will join the credit team working with lending partners and clients to effectuate the syndication of commercial financing for small to...
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October 31, 2013, 07:43 AM
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Capital Business Credit (CBC) announced today that it is providing Ropa Siete Leguas (Ropa) with a $15 million revolving factoring facility.CMT de la laguna, S.A., parent company of Ropa, is the largest jean manufacturer in Mexico, with offices in...
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October 24, 2013, 07:38 AM
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MidCap Financial, the nation’s leading independent commercial finance company focused exclusively on middle market healthcare companies, announced that it has favorably negotiated the extension of its credit facility led by Wells Fargo Capital...
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October 23, 2013, 08:02 AM
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According to Bloomberg, Jefferies Finance plans to raise $500 million with a sale of seven-year notes.
Jefferies Finance intends to issue the senior securities for general corporate purposes, according to a person familiar with the offering....
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March 18, 2013, 07:19 AM
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The Commercial Finance Association established a formal certification process for asset-based lending and factoring professionals. This new program, developed in conjunction with CFA's Education Committee with input from CFA members and other...
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December 12, 2012, 07:16 AM
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