Signature Bank Unveils Blockchain-Enabled Signet Platform

Signature Bank partnered with trueDigital to develop Signet, a new digital payments platform designed to enable real-time payments for the bank’s commercial clients.

Gibraltar Provides $5.5MM LoC to Support Textile Company Acquisition

Gibraltar Business Capital funded a $5.5 million line of credit to support Industrial Value Partners’ acquisition of South Carolina Elastics, a division of Rhode Island Textile Company.

Matrix Advises Giant Eagle on Ricker Oil Acquisition

Investment bank Matrix Capital Markets Group acted as merger and acquisition advisor to Giant Eagle in its acquisition of Ricker Oil Company.

TAB Bank Provides $1.25MM Revolver to Mattress Manufacturer

TAB Bank provided a $1.25 million asset-based revolving credit facility to a manufacturing company based in Georgia.

D&D Leasing Joins Forces with WE Charity in India

D&D Leasing Group has partnered with humanitarian organization WE to support the latter’s infrastructure and education improvement program in Kalinjar, India.

Cramer Joins Houlihan Lokey TMT Group

Steven M. Cramer joined Houlihan Lokey as a managing director in the bank’s Technology, Media, & Telecom Group overseeing the gaming sector. He will be based in Los Angeles.

MidCap Financial Supports AVAD Acquisition of Wave Electronics

MidCap Financial provided acquisition financing to AVAD, a value-added distributor of A/V, residential security and home automation products.

BofML, JPMorgan Chase, HSBC Amend $550MM FTI Revolver

FTI Consulting amended and restated its $550 million revolver. Bank of America Merrill Lynch, JPMorgan Chase Bank and HSBC Securities acted as joint lead arrangers on the transaction.

Abacus Finance Supports Altus Buyout of ChoiceSpine

Abacus Finance served as administrative agent and sole lender on $17 million in debt financing to support of Altus Capital Partners’ leveraged buyout of ChoiceSpine.

Fifth Third Downsizes Limbach Revolver to $22.5MM

Fifth Third Bank acted as administrative agent, lender and L/C issuer on an amendment to Limbach Holdings’ revolving credit facility, reducing the lenders’ commitments from $25 million to $22.5 million.