Webster Bank agreed to expand the size of Air Industries Group’s existing term loan to $5 million and establish a $2 million capital expenditure line of credit to finance future purchases of machinery and equipment.
Bill Bahls joined the business development team of TAB Bank as vice president and business development officer for the Northeast.
Aligned Data Centers increased its sustainability-linked loan from $375 million to $1.75 billion to accelerate its next phase of strategic growth and expansion. TD Securities, Wells Fargo Securities and Citizens Bank acted as joint bookrunners and joint lead arrangers for the facility.
Bloomfield Capital, a national direct lender and equity investor, closed a $7 million senior bridge loan on a limited-service hotel located in southern Illinois.
CIT’s real estate finance business provided $30 million for the acquisition of Madison Grove Apartments, a 171-unit multi-family complex located in the north Phoenix area, by Brass Enterprises.
Matrix Capital Markets Group, an independent investment bank, served as lead advisor on Saratoga Casino Holdings’ (SCH) financing and acquisition of Magnolia Bluffs Casino Hotel in Natchez, MS.
Credibly, a data science-driven fintech lending platform, refinanced a maturing $10 million corporate note into a new five-year term. Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
Great Plains National Bank has been leveraging Jack Henry’s accounts receivable financing program, BusinessManager, to create additional revenue opportunities for local businesses and assist with COVID-19 pandemic recovery.
Ascend Wellness Holdings, a multi-state cannabis operator, closed on $36.5 million of additional funding under the increase option of its existing term loan credit facility. In August 2021, the company closed on a $210 million senior secured term loan credit facility with Seaport Global Securities as lead manager.
Second Avenue Capital Partners closed a $67.5 million term loan for The Jessica Simpson Collection, which will use the new financing to retire an existing credit facility and provide additional liquidity to fund new growth and a rapidly expanding portfolio.