The Consumer Financial Protection Bureau finalized the rule to implement changes made by Section 1071 of the Dodd-Frank Act that requires lenders to collect and report information about small business credit applications.
Hilco Performance Solutions named Steve Savoy practice leader for its procurement, supply chain and materials handling practice. Savoy has more than 25 years of both industry and consulting experience supporting companies with their transformational efforts.
B. Riley Securities served as an advisor in connection with a refinancing and junior capital raise for Oak Dental Partners. Comvest Partners was selected as the senior lender and Catalur Capital was selected as the primary equity partner.
Concurrent with a new at-the-market offering program, Bed Bath & Beyond entered into a common stock purchase agreement and a registration rights agreement (collectively, the committed equity facility) with B. Riley Principal Capital.
Tiger Group will hold an online auction on April 11 that will provide the opportunity to acquire pro-grade audiovisual gear from a major North American production rental company and Keslow Camera, including equipment from Arri, Canon, Fujinon, Panasonic, RED, Sony and Tiffen.
A&G Real Estate Partners, in its capacity as real estate advisor to Party City Holdco, is planning to offer 25 Party City leases in a court-approved auction. The bid deadline is April 10.
The U.S. Bankruptcy Court for the Southern District of Texas granted final approval of Sorrento Therapeutics’ $75 million debtor-in-possession financing from JMB Capital Partners in connection with Sorrento’s Chapter 11 bankruptcy filing in February.
First Citizens Bank‘s healthcare finance group, which is part of the CIT division, provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties.
Bank of America named Scott Vanderpool president of Bank of America Phoenix and successor to current president Benito Almanza, who will retire April 6. Almanza provided 45 years of service to the company and spent 22 years as Phoenix and Arizona president.
Merchant West Group, a privately-owned South African financial institution, will upgrade from an on-premise system to Solifi ABL on Solifi’s Open Finance Platform to support its plans to scale its asset-based lending business over the next three years.