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Week's News

White Oak ABL provided a second $10 million line increase and extension, bringing the total ABL Credit Facility to $95 million, to Hunt & Sons, Inc., a third-generation, family-owned diversified petroleum products distributor. This is the fourth... Read Story

Filed Under: Fuel & Petroleum
April 16, 2021 @ 08:00 AM

CrowdOut Capital announced the initial funding of a $20 million facility to Lane Gate Advisors. “We are thrilled to add a great borrower to our loan portfolio,” stated Alexander Schoenbaum, Chief Executive Officer of CrowdOut Capital. “Lane Gate has... Read Story

Filed Under: Specialty Industries
April 16, 2021 @ 07:54 AM

SSG Capital Advisors acted as the investment banker to New Hampshire Plastics, LLC in the sale of substantially all of its assets to Grimco, Inc. (“Grimco”). The transaction closed in March 2021.New Hampshire Plastics is a leading manufacturer of... Read Story

Filed Under: Industry News
April 16, 2021 @ 07:44 AM

Citizens M&A Advisory served as the exclusive financial advisor to Air Purchases of New Hampshire, Inc. (“API”) in its sale to Munch’s Supply, a portfolio company of Charlotte-based Ridgemont Equity Partners.Headquartered in Manchester, N.H., API is... Read Story

April 16, 2021 @ 07:33 AM

Third Pole Therapeutics, a privately held company developing critical life-sustaining cardio-pulmonary therapies, entered into a $15 million debt facility with Avenue Venture Opportunities Fund, L.P."We are pleased to partner with Avenue Venture Fund... Read Story

Filed Under: Medical
April 16, 2021 @ 07:22 AM

Xcel Brands entered into a refinancing of its existing credit facility. The refinancing provides an initial $25 million term loan under a facility jointly provided by BHI and First Eagle Alternative Credit, and up to an additional $25 million for... Read Story

Filed Under: Specialty Industries
April 16, 2021 @ 06:00 AM

Frontier Communications Corporation announced the California Public Utilities Commission has unanimously voted to approve its emergence from Chapter 11. Having already received all other required state and federal approvals, the Company expects to... Read Story

Filed Under: Bankruptcy
April 16, 2021 @ 06:00 AM

Venture capital (VC) dealmaking started strong in the first quarter of 2021 with an uptick in mega-deals and increased participation of nontraditional investors, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on... Read Story

Filed Under: Venture Capital
April 15, 2021 @ 08:09 AM

Monroe Capital announced Jayro Yoo has joined the firm as Director based in Texas. Jayro will serve on the firm’s Marketing & Investor Relations team. Prior to Monroe, Jayro was a Vice President at DWS Asset Management where he focused on raising... Read Story

April 15, 2021 @ 08:08 AM

Great Rock Capital announced the upsize of its leverage facility with KeyBank. The upsized facility includes the addition of new partners Huntington National Bank, First Foundation Bank, and Hitachi Capital America Corporation.“In executing the plan... Read Story

Filed Under: Industry News
April 15, 2021 @ 08:06 AM