Today’s News

    CIT Taps Ralston as Director/Lender Finance

    CIT Group named Chris Ralston a director in the Lender Finance business within CIT’s Business Capital division.

    Scotiabank Agents $275MM Revolver for Trevali

    Trevali Mining amended its credit agreement with a syndicate of lenders for a $275 million revolving credit facility. The new facility replaces the $160 million term loan facility and the $30 million revolving facility entered into in August 2017.

    CFA Awards Gold 2018 Leadership Award in ABL & Factoring Industry

    Steven Gold, president and CEO of Allied Financial, has been named the Commercial Finance Association 2018 Leadership Award Recipient.

    SVB Doubles MTBC Credit Facility to $10MM

    MTBC, a provider of revenue cycle and cloud-based healthcare IT solutions, increased its secured line of credit with Silicon Valley Bank, which is currently untapped, to $10 million to support future growth.

    BTIG Adds Herman as Head of M&A

    BTIG hired JT Herman as head of Mergers and Acquisitions within its Investment Banking division. He will be based in San Francisco

    RBC Provides $12.2MM Facility for Avante Logixx

    Royal Bank of Canada approved credit lines for Avante Logixx which include a $10 million acquisition, a revolving operating line of $2 million and a Visa facility of $200,000.

    Ziegler Advises Nashville Anesthesia On Sale To Envision

    Ziegler, a specialty investment bank, served as financial advisor to Nashville Anesthesia Services in its sale to Envision Healthcare through its Envision Physician Services platform.

    Ocean Bank Names Gonzalez-Jacobo Chief Lending Officer

    Ocean Bank named Executive Vice President Ralph Gonzalez-Jacobo its chief lending officer.

    Wells Fargo, Gordon Bros. Finance Amend Stein Mart Credit Agreements

    Stein Mart extended and amended its existing revolving credit agreement with Wells Fargo Bank and its term loan agreement with Gordon Brothers Finance Company.

    Super G Provides $1.5MM Exit Financing for SaaS Company

    Super G provided $1.5 million in exit financing for a venture-backed SaaS provider of content management and digital publishing.