Concord Financial Advisors Provides $7MM Revolving LOC to BRM Holdings

Concord Financial Advisors served as exclusive financial advisor and arranged a $7 million senior secured revolving line of credit for BRM Holdings to refinance existing debt and provide additional working capital.

July 20, 2021 Phil Neuffer

Asset-Based Lending Provides Flexible Financing Through Upswings and Downturns

Asset-based lending is a versatile and attractive option for companies experiencing everything from rapid growth to inconsistent earnings, which has only been magnified by the COVID-19 pandemic. Brent Hazzard, head of asset-based lending and asset finance at Citizens Bank, outlines why ABL matters now more than ever.

July 19, 2021 Asset Based Lending | Brent Hazzard | Citizens Bank Phil Neuffer

Stuck in the Weekend: Why Are Bank Lenders Avoiding Kick-Outs and Write-Offs?

Charlie Perer looks at how banks are propping themselves up and ignoring potentially problematic portfolios when it comes to special assets by avoiding kick-outs and write-offs in the face of mounting evidence that the “proverbial can has only so much kicking left in it.”

July 15, 2021 Phil Neuffer

ABL Deal Chart 2021 Q3

Notable ABL Transactions Data gathered from direct sources, news releases and other public information — covers 7/01/21 through 9/30/21.

July 6, 2021 Phil Neuffer

MidCap Financial Provides $50MM Revolver to Transfix

MidCap Financial provided a $50 million senior revolving credit facility to Transfix, a technology-driven digital freight marketplace.

June 21, 2021 MidCap Financial | Transfix Phil Neuffer

Fifth Third Business Capital Provides $19.3MM Senior Credit Facility to VIRA Insight

Fifth Third Business Capital provided a new $19.3 million senior credit facility to Lewisville, TX-based VIRA Insight. The facility consists of a revolving credit facility, term loan and capital expenditure facility.

June 21, 2021 Fifth Third Business Capital | VIRA Insight Phil Neuffer

Orrick Hires Chapman and Cutler Team to Grow Structured Finance and Regulatory Practice

Orrick hired Mike Mitchell, Preetha Gist and Mitch Naumoff, a team in the structured finance market, as partners in Washington, D.C. They joined Orrick from Chapman and Cutler.

June 21, 2021 Alan Knoll | Mike Mitchell | Mitch Naumoff | Orrick | Preetha Gist Phil Neuffer

American Bankruptcy Institute Expands Partner Program Team

The American Bankruptcy Institute added Barbara Grant Bereskin and Katie Esser to the team supporting its partner program. Grant Bereskin joined the team as director of business development and partner programs and Esser joined as business development coordinator.

June 21, 2021 American Bankruptcy Institute | Barbara Grant Bereskin | Katie Esser | Sharisa Sloan Phil Neuffer

Stifel Hires Smith as Managing Director for Venture and Fund Banking Group

Stifel Financial hired Charlie Smith as managing director in the firm’s venture and fund banking group. Based in California, Smith will be responsible for West Coast fund banking to venture capital and private equity funds.

June 21, 2021 Brad Ellis | Charlie Smith | Chris Reichert | Stifel Financial Phil Neuffer

BNP Paribas Supports Sitel Group’s Acquisition of Sykes Enterprises

Sitel Group, a global provider of customer experience products and solutions, entered into an agreement to acquire Sykes Enterprises, a provider of global customer experience management services. BNP Paribas committed debt financing to Sitel Group to support the transaction.

June 21, 2021 BNP Paribas | Freshfields Bruckhaus Deringer | Goldman Sachs | Laurent Uberti | Lazard Freres | Olivier Camino | Shumaker Loop & Kendrick | Sitel Group | Sykes Enterprises Phil Neuffer