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Today’s News

    Rise Line Appoints Martin Senior Managing Director Of Credit

    Senior secured lender Rise Line Business Credit appointed Senior Advisor Paul Martin to a full-time position as senior managing director of Credit.

    Great American, Tiger, Hilco, Gordon Bros. to Lead Gymboree Liquidation

    Great American Group, Tiger Capital Group, Hilco Merchant Resources and Gordon Brothers will lead the liquidation of all Gymboree and Crazy 8 stores in the U.S. and Canada in the wake of Gymboree’s bankruptcy filing.

    WFCF Funds $51.5MM Facility for UK Cake Manufacturer BBF

    Wells Fargo Capital Finance provided a new three-year £40 million ($51.5 million) financing facility to BBF, a UK-based manufacturer of own-label, licensed and branded ambient cakes and desserts.

    Pacific Western Hires Lorenz as Colorado Market President

    Jonathan Lorenz joined Pacific Western Bank as Colorado market president. He will be located in the bank’s Greenwood Village, CO, executive offices.

    Hutchinson Joins Lazard’s Middle Market TMT Group

    Lazard hired Jason Hutchinson as a managing director on its Middle Market Telecommunications, Media & Technology group. Hutchinson will be based in San Francisco.

    BofA Amends ABL Revolver for Footware Company Caleres

    Bank of America served as administrative agent, collateral agent, documentation agent and lead issuing bank on an amendment to footwear company Caleres’ asset-based revolver, extending it to January 2024.

    CFPB Vet Lee Joins Arent Fox as Complex Litigation Partner

    Law firm Arent Fox expanded its Complex Litigation practice with the addition of J. H. Jennifer Lee as a partner in San Francisco. Lee will advise clients in matters involving federal or state consumer financial statutes and regulations.

    Deep Sea Provides $500K Loan to Nautilus Under Secured Facility

    Nautilus Minerals received a loan from Deep Sea Mining Finance in the principal amount of $500,000 under its previously announced loan agreement, which provides for a secured structured credit facility of up to $34 million.

    Utica Leaseco Closes $650K Lease for Agricultural Company

    Utica Leaseco completed a $650,000 capital lease for a current customer during the week of January 14, 2019.

    J D Factors Funds $925K in Factoring Facilities

    J D Factors provided $925,000 in factoring facilities to four new clients the week of January 14, 2019.