Small business loan approval percentages at big banks (more than $10 billion in assets) decreased again from 13.1% in September to 13% in October, according to the latest Biz2Credit Small Business Lending Index.
MidCap Financial provided a $23 million senior revolving credit facility to Wine.com. The MidCap credit facility is part of a refinancing of Wine.com’s capital structure, which will help support the company’s continued growth.
Alvarez & Marsal’s aerospace, defense, aviation and space (ADAS) practice entered its third year of doubling in growth with the appointments of Pablo Wangermann and Joseph Perovich as managing director and senior director, respectively.
Western Alliance Bank appointed Craig Hirson commercial banking market executive for Greater Los Angeles and Orange County, CA. Hirson has more than 20 years of experience in commercial banking, including roles at CommerceWest Bank and Bank of America Merrill Lynch.
Aypa Power, a Blackstone portfolio company and an independent power producer specializing in the development, construction and operations of utility-scale energy storage and hybrid renewable energy projects, closed a $550 million portfolio debt and tax equity financing with a syndicate of lenders.
Anagram International, a foil balloon manufacturer, is pursuing a sale of the company and has entered into an agreement with a group of its lenders as the stalking horse bidders to acquire its assets, subject to higher or otherwise better offers and court approval.
Arevon Energy closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. The $338 million debt facility was financed with MUFG, BNP Paribas, Sumitomo Mitsui Banking Corporation and First Citizens Bank.
Briar Capital Real Estate Fund closed a $13.8 million real estate acquisition loan for a foreign owned startup company in the green energy space.
Western Alliance Bank appointed Matt Griesbach commercial and industrial industry executive for aerospace and defense. Griesbach previously held leadership roles in aerospace and defense corporate and commercial banking at City National Bank and Bank of America Merrill Lynch.
Raistone ranked 43rd on the 2023 Deloitte Technology Fast 500, which showcases the 500 fastest-growing companies across North America in multiple industries. Raistone grew 3,786% during the three-year time period (2019-2022) analyzed for the awards.