Prestige Capital provided $1.5 million in working capital to support a New Jersey-based security company’s expansion efforts.
BlackRock TCP Capital (TCPC) and BlackRock Capital Investment Corporation (BCIC)’s business development company shareholders voted to approve the necessary proposals related to the merger of TCPC and BCIC.
Atlas Credit Partners provided a $65 million financing facility to FitLab, a multi-brand fitness company. The deal includes approximately $35 million funded at closing and $30 million of remaining availability.
WSFS Bank, the primary subsidiary of WSFS Financial Corporation, appointed 10 associates from across the organization to senior vice president positions.
Biopharmaceutical company Xeris Biopharma entered into an amended and restated senior secured term loan agreement with funds managed by Hayfin Capital Management. The agreement provides Xeris $200 million of capital at close and the ability to draw down another $15.2 million to redeem its outstanding 5% convertible senior notes due 2025.
Rosenthal & Rosenthal recently completed three asset-based lending transactions totaling $7.5 million. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions.
There are only two weeks left to register for the 15th Annual Philadelphia Credit & Restructuring Summit. The conference will take place March 21 in Philadelphia, but space is limited, so reserve your spot today.
SLR Business Credit provided a $5 million asset-based revolving line of credit to Henry Industries, a provider of warehouse, distribution center and logistics services. The company used these proceeds to pay off a previous lender and to provide the company with additional working capital for growth.
CohnReznick hired Yvette Connor as principal and risk advisory practice leader along with members of her core team. Prior to joining CohnReznick, Connor was principal and national practice leader for strategic and enterprise risk services for an Grant Thornton.
SLR Equipment Finance closed a new $350 million credit facility with Bank of America and Truist Bank to support the growth of its business over the next several years.