Verona Pharma and its wholly-owned subsidiary entered into strategic financing agreements providing access to up to $650 million from funds managed by Oaktree Capital Management and OMERS Life Sciences.
First Citizens Bank’s CIT Commercial Services subsidiary named Jason Goldberg as a regional sales manager dedicated to increasing new business in the Northeast. He will be responsible for managing a team of business development officers focused on building strong customer relationships.
90% of small the small business owners surveyed in TD Bank’s 2024 Small Business Survey noted their optimism for the future of their business in the next 12 months, which is up from 80% in 2023 despite the prolonged turbulence in the economic environment.
Alvarez & Marsal’s (A&M) health industry group hired Mark Sugrue as a senior director in its health system practice. Sugrue has focused on advising clients on transformation initiatives bridging the gap between clinical and technology.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and growth of Interstate AC Service, Kimbro Mechanical and Open Source Controls by private equity sponsor Point 41 Capital Partners.
SLR Business Credit provided a $28 million credit facility to a North American distributor of mobile air compressors, generators and air tools. SLR provided a $28 million flexible asset-based credit facility that allows the company to achieve its strategic growth plans.
Jason P. Shanahan, a 24-year veteran of the asset-based lending and consumer finance industries, joined Tiger Finance as a managing director. In this role, Shanahan will focus on identifying both secured debt financing and equity capital opportunities.
Encina Lender Finance closed a $20 million senior credit facility for an indirect auto finance platform with a network of dealers spanning across 30+ states. The borrower will use this facility to support its continued expansion.
The Hedaya Capital Group provided a $5 million factoring line to a home textiles vertical mill business. Partnering with Hedaya gave the company the flexible working capital it needed to continue its growth trajectory.
Byline Sponsor Finance, a division of Byline Bank, has provided financing to support Prospect Partners’ recapitalization of Warren Roofing & Insulating, Cleveland Building Restoration and Total Roofing Services.