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Week's News

Apollo Global Management announced that entities, clients and funds managed by its affiliates (the “Apollo Funds”) have committed to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital (“VPC”), a global... Read Story

Filed Under: Industry News
June 15, 2021 @ 08:00 AM

Truist Securities announced that Michael Carter has joined the firm to lead the investment and corporate banking teams and will be located in Atlanta. Carter joins Truist from RBC Capital Markets where he was most recently global head, Technology... Read Story

June 15, 2021 @ 07:50 AM

Douglas Dynamics refinanced its existing $375 million in senior secured credit facilities with a new $225 million Term Loan A facility and $100 million senior secured revolving credit facility due June 2026. JPMorgan Chase Bank acted as... Read Story

Filed Under: Manufacturing
June 15, 2021 @ 07:42 AM

Wintrust Commercial Finance, a division of Wintrust Asset Finance, announced its new group supporting businesses in the aviation industry. Wintrust Commercial Finance Aviation Group will be led by new hire Michael Cole as senior vice president... Read Story

June 15, 2021 @ 07:40 AM

Cambridge Savings Bank announced that its Commercial Lending team has extended financing to R.J. Forbes Painting Contractor, Inc. (R.J. Forbes) by securing a SBA 504 Loan through Bay Colony Development Corporation, a certified development company... Read Story

Filed Under: Specialty Industries
June 15, 2021 @ 07:35 AM

INmune Bio entered into a new $15 million credit facility with Silicon Valley Bank (SVB) and an affiliate of SVB Financial Group. INmune intends to use the proceeds from the facility to partially fund the buyout of an option held by Xencor, Inc.... Read Story

Filed Under: Biotechnology
June 15, 2021 @ 07:30 AM

Ceres Global Ag entered into a five-year senior secured $50 million term debt credit facility with the Bank of Montreal that includes a $30 million term loan draw that will be used to retire the Company's term loan with Bixby Bridge Fund IV, LLC... Read Story

Filed Under: Agriculture
June 15, 2021 @ 07:15 AM

LSQ originated a $1 million facility for a high-growth startup in South Florida. The healthcare business was referred to LSQ and required a sustainable solution to improve cash flow related to net 60 billing terms. Southeast Regional Vice President... Read Story

June 15, 2021 @ 07:10 AM

Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centers by MSouth Equity Partners, an Atlanta-based private equity... Read Story

Filed Under: Healthcare
June 15, 2021 @ 07:04 AM

Callodine Commercial Finance announced the hiring of Kathy Dimock and Michael Watson as key additions to the firm. Both bring years of experience in the asset-based lending space and complement the firm’s existing team and capabilities.Ms. Dimock... Read Story

June 14, 2021 @ 08:00 AM