JOANN has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a $153 million exit financing facility that replaces the...
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Golub Capital announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.Fund 6 is the largest Golub Capital Credit Opportunities fund to-date. Commitments were...
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Triumph Financial appointed Jamie Paterson as the Executive Vice President, Chief Operating Officer – Banking Operations of its TBK Bank, SSB subsidiary. In his role, Paterson will be responsible for overseeing operational excellence for the bank....
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Scotiabank announced that Travis Machen has been appointed CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024.In this role, Machen will be responsible for leading the execution of a global banking business...
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KKR released “No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).Based on a proprietary survey of nearly 50 Chief Investment Officers (CIOs) who collectively oversee...
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The national Citizens Business Conditions Index (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter...
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Accord Financial Corp. closed a $25 million credit facility to help a plastics manufacturer support new business contracts as well as complete a strategic business acquisition.What started as an equipment finance opportunity quickly developed into a...
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King Trade Capital announced the completion of a $3,000,000.00 purchase order finance facility for a growing home décor Company in Arizona.The home décor company became familiar with King Trade Capital after being introduced by another King Trade...
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First Business Bank added Kristen Palmer to its subsidiary, First Business Specialty Finance, as Vice President and a Business Development Officer in its Accounts Receivable Financing group.“We are very excited to have Kristen on our team,” said Bill...
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Aequum Capital completed a two-stage senior term loan facility to refinance venture debt of $6MM including exit fees plus additional debt capital for acquisitions of up to $2.5MM for BrightWorks IT, a portfolio company of Cloud Equity...
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