January 17, 2020

JPMorgan Agents $900MM Aramark Refi

Aramark closed a $900 million debt refinancing that included secured term loans to redeem the company’s 2024 senior notes.

MUFG Taps Fischer to Lead U.S. Leveraged Finance Business

Mitsubishi UFJ Financial Group hired Timothy Fischer as managing director, head of U.S. Leveraged Finance Sales.

BlackArch Partners Promotes Martin and Riley

BlackArch Partners has promoted P.J. Martin and Ches Riley to managing director.

Credit Suisse-led Bank Group Ends AAC Forbearance

The Nashville Post reported AAC Holdings’ main called a premature end to the grace period extended last October because the company remains in default on its loan and hasn’t provided a three-year business plan.

CIT Adds Navatto to Commercial Services Team

CIT Group hired Calvin Navatto as a business development officer in its Commercial Services business.

Live Oak Provides $8MM ABL for Eastside Distilling

Eastside Distilling has closed a new asset-based revolving credit facility of up to $8 million in available principal amount with Live Oak Bank, backed by the company’s spirits inventory.

Lindley Joins First Business Capital ABL Team

First Business Capital has hired Oz K. Lindley as vice president – Business Development.

Gala Joins First Internet SBA Lending Team

Greg Gala joined First Internet Bank’s Small Business Administration (SBA) Lending team as vice president, senior business development officer.

mBank Funds $2.25MM L/C for Wood Products Manufacturer

mBank Business Credit closed a $2.25 million line of credit for an Indiana-based wood products manufacturer.

Civil Litigator Rosenbaum Joins Kobre & Kim

Zachary D. Rosenbaum, an experienced litigator with a long track record of success in high-stakes civil disputes, has joined Kobre & Kim in its New York office.

January 16, 2020

Palmer to Succeed Joseph as Gerber Finance CEO

Gerber Finance completed it CEO succession strategy, naming longtime President Jennifer Palmer as CEO with Founder Gerald Joseph transitioning to strategic advisor and chairman of the board.

A&M Promotes 41 Professionals to Managing Director

Alvarez & Marsal has promoted 41 professionals from the U.S, UK, Germany, Brazil, Canada, China, Russia, Saudi Arabia, the United Arab Emirates and India to the position of managing director.

Ares Provides $17MM Facility to Cox Interior

Ares Commercial Finance has provided a $17.3 million senior secured credit facility to Cox Interior, comprised of a revolving line of credit and a term loan secured by real estate, machinery and equipment.

Greenberg Traurig Expands Miami Office Corporate Practices

Greenberg Traurig has expanded its Miami office Litigation Practice and Corporate Practice with the addition of attorneys Humberto H. Ocariz and Jennifer D. Newton.

Oxford Finance Provides $87.5MM Facility to Tarrytown Expocare

Oxford Finance closed a $87.5 million term loan and revolving line of credit to Tarrytown Expocare.

Four Veteran Finance Attorneys Join Waller in Birmingham

Jesse S. Vogtle, Jr., Randolph H. Lanier, Eric T. Ray and Paul H. Greenwood have joined Waller’s Birmingham office as partners. They previously practiced at Balch & Bingham.

TradeCap Partners Closes $2.8MM PO Facility for Apparel Importer

TradeCap Partners closed a $2.8MM purchase order finance facility for an apparel importer located in the Pacific Northwest.

Seaport Arranges $300MM Term Loan for Curaleaf

Curaleaf Holdings has upsized its senior secured term loan facility from a syndicate of lenders totaling $300 million.

Hilco Global Hires Commercial Real Estate Attorney Garr

Anne Garr has joined Hilco Global in the newly created position of general counsel for Hilco Redevelopment Partners (HRP).

TD Securities Upsizes Sundance Energy Facility to $500MM

Sundance Energy increased its borrowing base to $210 million with an elected commitment of $190 million presently available, and an increase in the facility’s maximum credit amount to $500 million.

January 15, 2020

Boeing Approaches Citi for New Loan Amid Max Crisis

Bloomberg reported that Boeing has approached a group of banks about a potential loan to try to regain its footing following the 737 Max groundings.

Breakout Capital Taps Wilson as CEO & President

Breakout Capital has promoted McLean Wilson from chief credit officer to chief executive officer and president.

NXT Capital Agents $47MM Facility to Support Mr Green Recap

NXT Capital closed a $47 million loan to finance Shoreline Equity Partners’ recapitalization of Mr. Greens.

Imperial Capital Hires Senior Credit Sales Professional

Imperial Capital expanded its High Yield Sales Group with the hiring of Drew Hall,

AlixPartners Promotes 17 Associates to Managing Director

AlixPartners has promoted 17 individuals to the role of managing director.

Orrick Adds Kay as Leveraged Finance Advisor in London

Direct lending rising star Anthony Kay has joined Orrick as a partner in London.

InterNex Completes Nine Transactions Totaling $8.67MM

Internex Capital completed five transactions to new clients and upsized facilities to four existing clients for a total of $8.67 million.

King Trade Provides $2.4MM Facility for Government Contractor

King Trade Capital completed a $2.4MM purchase-order finance facility for a Florida-based, minority-owned government contractor.

SG Credit Provides $1.5MM Second Lien Loan to Recycler

SG Credit Partners completed a $1.5 million second lien loan for an industrial recycling company.

January 14, 2020

Gibraltar Hires Hershgordon as SVP

Gibraltar Business Capital has hired Randi M. Hershgordon as its newest senior vice president.

Smith Joins Winter Harbor

Shawn Smith has joined Winter Harbor as a senior manager.

Abacus Supports Specialty Appliances Recap by Five Points Capital

Abacus Finance Group served as administrative agent and lead arranger for $15 million in senior secured credit facilities to support the recapitalization of Specialty Appliances by Five Points Capital.

Portage Point Promotes Three Team Members

Portage Point Partners, a business advisory and interim management firm, promoted Mark Berger to managing director, Zach Rose to senior vice president and Ryan Mersch to vice president.

Varagon Supports Halifax Group’s PromptCare Recap

Varagon Capital Partners is serving as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the recapitalization of PromptCare by The Halifax Group.

Griffor Joins Avidbank Venture Lending Team

Avidbank is further expanding its reach in the Northeast, adding Jeff Griffor to its Venture Lending team.

CVC Credit Partners Provides Unitranche to Sabio

CVC Credit Partners has provided a unitranche loan and a dedicated acquisition facility to Sabio, a customer experience solutions provider and managed services business, backed by Horizon Capital.

Capital Now Closes Two Transactions Totaling $350K

Capital Now completed two account receivable facilities for a total of $350,000.

BBVA USA Promotes Ramirez to Corporate Banking Manager

BBVA USA has appointed Luis Ramirez to corporate banking manager in the Denver area, adding to a growing operation in the bank’s Colorado commercial team.

Amerisource Provides $1MM Revolver to Wind Farm Maintenance Firm

Amerisource Business Capital closed a $1 million revolving credit facility for a wind farm maintenance company based in Colorado.

January 13, 2020

Scampion Joins AlixPartners Financial Investigations & Compliance Team

Tom Scampion has joined AlixPartners as a managing director in the firm’s EMEA Investigations & Compliance Services team.

Apollo Provides New $800MM Term Loan to New Fortress Energy

Accounts managed by affiliates of Apollo Global Management provided term loan commitments in an aggregate principal amount of $800 million under a new credit facility to New Fortress Energy.

Twin Brook Capital Healthcare Financing Tops $1.3B in 2019

Twin Brook Capital Partners has committed more than $3.3 billion to private equity sponsors in support of healthcare transactions, including over $1.3 billion last year alone.

LSQ Provides $23MM A/R Facility for Marrone Bio

Marrone Bio completed a $13 million expansion of its existing accounts-receivable credit facility, which now totals $20 million, and added a $3 million inventory-backed credit facility,

Varagon Supports Freeman Spogli Acquisition of Easy Ice

Varagon Capital Partners served as administrative agent and joint lead arranger on a senior secured credit facility to support the acquisition of Easy Ice by Freeman Spogli.

Stubbs Alderton & Markiles Promotes Laffey to Senior Counsel

Stubbs Alderton & Markiles has promoted Kelly Siobhan Laffey, formerly associate, to senior counsel in the firm’s corporate practice.

XMS Capital Partners Promotes Six

XMS Capital Partners has promoted Brian Brownschidle, Roger Gill and David Lloyd to managing director. In addition, Matt Gilbert, Patrick O’Hara and Adam Sullivan have been promoted to vice president.

Versant Funds $3MM Factoring Facility to Uniform Manufacturer

Versant Funds provided a $3 million non-recourse factoring facility to a growing uniform manufacturer based in the Northeast.

Caradine Joins First Business as Director of Risk Management

First Business Growth Funding has hired David Caradine was as director of risk management.

Capital One Closes $38.6MM Financing for Medical Office Building

Capital One provided a $38.6 million adjustable-rate loan to finance the acquisition of a 140,000-square-foot medical office building in Dover, DE.

January 10, 2020

Antares, Bain & Macquarie Provide $355MM Unitranche to CPI

The Antares Bain Capital Complete Financing Solution, a joint venture between Antares and Bain Capital Credit, and Macquarie Capital Principal Finance’s Direct Lending business, closed a $355 million senior secured unitranche credit facility in acquisition financing to Crisis Prevention Institute.

Hercules Provides Up to $100MM Facility for ChemoCentryx

ChemoCentryx has secured a credit facility of up to $100 million provided by Hercules Capital.

CIT Northbridge Arranges $75MM Credit Facility for MVP Staffing

CIT Northbridge Arranges $75MM Credit Facility for MVP Staffing

JPMorgan Supports Blucora Acquisition of HK Financial Services

Blucora has entered into an agreement to acquire privately-held HK Financial Services (HKFS), a CPA-focused, registered investment advisor.

Sidley Adds M&A and Private Equity Partner Rishi

Parthiv Rishi has joined Sidley Austin in Singapore as a partner in its global M&A and Private Equity practice.

McDonald Joins North Mill Capital

John McDonald has joined North Mill Capital (NMC) as an assistant vice president and account executive in its Minneapolis office.

CapitalPlus Funds $5.34MM for Six Clients in December

CapitalPlus Construction Services company funded more than $5.34 million in factoring facilities in December.

Amerisource Provides $2MM Revolver to Utility Contractor

Amerisource Business Capital closed a $2 million revolving credit facility for a utility contractor based in the upper Midwest.

TAB Bank Provides $4MM Rediscount Facility to Finance Company

TAB Bank has provided a $4 million rediscount credit facility for a Texas-based commercial finance company

J D Factors Closes 10 Transactions Totaling $2.23MM

J D Factors completed 10 factoring facilities for a total of $2.32 million.

January 9, 2020

Alfac Commits Up to $3B to New Partnership with Varagon Partners

Varagon Capital Partners, a direct lender to middle market companies, has entered into a definitive agreement to form a new strategic partnership with Aflac Global Investments and is extending its existing strategic partnership with American International Group.

Burnley Capital Provides $5.5MM Revolver to Mashburn

Burnley Capital closed a $5.5 million asset based revolving credit facility to Mashburn to support the company’s growth and operations.

SVB Expands Warehouse Lending Team with Three Senior Hires

Silicon Valley Bank has hired Emily Barron, Brian Foley and Folake Shasanya to lead warehouse lending across the US and EMEA.

North Mill Taps McFarland as SVP

North Mill Capital hired David McFarland as senior vice president in its Minneapolis office.

JPMorgan Leads $200MM Refi for SEA-Vista

SEA-Vista, an indirect wholly-owned subsidiary of SEACOR Holdings, amended its $200 million credit agreement, refinancing its existing credit facilities, with a syndicate of lenders led by JPMorgan Chase.

J D Factors Promotes Capobianco and Johnson

J D Factors has promoted J D Factors has promoted Tina Capobianco and Matthew Johnson.

Old Hill Provides $5MM Facility to MCA Company

Old Hill Partners provided a $5 million senior secured revolving-to-term credit facility to a specialty finance company that funds small businesses in the form of merchant cash advances.

Etroy Joins Ares Management Private Equity Team

Stephane Etroy is joining Ares Management as a partner and head of European Private Equity.

Bridge Bank Extends $4MM Credit Facility to H Code Media

Bridge Bank extended a $4 million credit facility to H Code Media, a technology platform offering a full suite of integrated marketing and media solutions for the U.S. Hispanic market.

Lazard Launches Global Thematic Focus Fund

Lazard Asset Management has launched the Lazard Global Thematic Focus Fund to achieve long-term capital growth by investing primarily in an actively managed, diversified portfolio of 35 to 50 established companies located around the world.

January 8, 2020

Fifth Third Business Capital Agents Facility for Alco Products

Fifth Third Business Capital acted as sole lender and administrative agent on the funding of a senior credit facility to Alco Products.

Wells Fargo Taps Kubiak as Head of Rail Division

Wells Fargo Rail named 14-year company veteran Tim Kubiak as executive vice president and head of the division, reporting to Bill Mayer, head of Equipment Finance.

SSG Advises St. Christopher’s in Sale to Tower Health & Drexel

SSG Capital Advisors acted as investment banker to Philadelphia Academic Health System (PAHS) and its operating subsidiaries St. Christopher’s Healthcare in the sale of substantially all their assets to an affiliate of Tower Health and Drexel University.

Veteran Bank Leader May Joins Pinnacle as Memphis President

Longtime West Tennessee banking leader Phillip May joined Pinnacle Financial Partners.

Crestmark Tops $48.4MM in Financing to 93 Businesses in H2 December

Crestmark provided $48.4 million in financing to 93 businesses in the second half of December, including $2 million in ABL funding.

North Mill Capital Acquires Sage Business Credit Portfolio

North Mill Capital has acquired the portfolio of Sage Business Credit, a Minneapolis-based factoring company. The portfolio will be serviced by NMC’s Minneapolis factoring operation.

Citizens Supports Bromford Acquisition of Numet Machining

Citizens Commercial Banking led a new credit facility for Liberty Hall Capital Partners portfolio company Bromford Industries.

Bridge Bank Expands San Francisco Life Sciences Group

Bridge Bank’s Life Sciences Group has expanded its presence in the San Francisco Bay Area by hiring Derek Scalf as vice president.

RBC Agents $60MM Facility for CBAM

CBAM Partners closed of a new $60 million credit facility led by RBC Capital Markets as lead arranger and sole bookrunner with lenders Royal Bank of Canada as administrative agent and Barclays Bank as syndication agent.

InterNex Provides $750K Facility to Sporting Goods Manufacturer

InterNex Capital provided a $750,000 credit facility to a company that manufactures and distributes licensed athletic equipment.

January 7, 2020

BofA, Citi, Mizuho Support Xerox Acquisition of HP

Xerox Holdings sent a letter to the board of directors of HP confirming that it has obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to complete its value-creating combination with HP.

Piper Jaffray and Sandler O’Neill Complete Merger

Piper Jaffray and Sandler O’Neill + Partners completed their merger to become Piper Sandler Companies.

Wells Fargo Names Sloan Chief Strategic Enterprise Risk Officer

Price Sloan will join Wells Fargo as chief strategic enterprise risk officer.

J.P. Morgan Taps Schiller to Lead Client Banking Healthcare Team

J.P. Morgan Commercial Banking has hired Bret Schiller to lead its Corporate Client Banking and Specialized Industries (CCBSI) healthcare vertical.

Siena Closes $3MM Credit Facility for Datamation Systems

Siena Lending Group completed a $3 million asset-based revolving credit facility for Datamation Systems.

Total 2019 Bankruptcy Filings Show First Y/Y Increase in Eight Years

After declining for eight consecutive years, total bankruptcy filings during calendar year 2019 increased 0.28% from 2018, reported ABI, according to data provided by Epiq Systems.

Mayer Brown Adds Schell to Corporate & Securities Practice

James Schell has joined Mayer Brown as a partner in its Corporate & Securities practice in New York.

Hanover Names Corbett as EVP/Chief Credit Officer

Kevin Corbett has joined Hanover Bank as executive vice president and chief credit officer.

Phillips Joins Eversheds Sutherland Chicago M&A Practice

Lance J. Phillips has joined Eversheds Sutherland’s M&A and Private Capital teams in its Chicago office.

First Business Capital Provides $4.1MM ABL for Door Manufacturer

First Business Capital closed a $4,1 million credit facility for an Oregon-based door manufacturer.

January 6, 2020

MACCO Restructuring Group Expands to Delaware & Colorado

Houston-based MACCO Restructuring Group has opened new offices in Wilmington, DE and Denver and made several notable additions to the firm.

JPMorgan Agents $3B Revolver for Baker Hughes

Baker Hughes, a GE company, entered into a credit agreement with JPMorgan Chase Bank as administrative agent.

Boeing Considers Raising Debt as a Result of MAX Crisis

The Wall Street Journal reported that the grounding of Boeing’s 737 MAX has strained the company’s finances, prompting it to consider raising its debt.

Centric Financial Taps Fahey as SVP/Market Leader

Jacqueline (Jackie) M. Fahey has been appointed senior vice president, market leader Bucks County, PA for Centric Financial.

IDB Completes STRATA Skin Sciences Refi

STRATA Sciences has completed refinancing of its existing debt with a lower interest one-year cash-secured loan facility with Israel Discount Bank of New York.

First National Bank of Long Island Promotes McConie to EVP/CFO

Jay P. McConie has been promoted to executive vice president and chief financial officer of The First of Long Island Corporation and The First National Bank of Long Island.

Seward & Kissel Promotes Two Finance Attorneys

Seward & Kissel has promoted Kevin Neubauer to partner and Brian Maloney to counsel.

OceanFirst Completes Acquisitions of Two River Bank & Country Bank

OceanFirst Financial, the holding company for OceanFirst Bank, closed its acquisitions of Two River Bancorp,the holding company for Two River Community Bank, and Country Bank Holding, the holding company for Country Bank.

M&A Expert Culbertson Joins Blank Rome in Chicago

Craig R. Culbertson has joined Blank Rome as a Partner in the Corporate, M&A, and Securities group and as a member of both the Energy and Financial Services industry teams in the Chicago office.

Mizuho, MUFG Provide $110MM Revolver to Bowie Acquisitions

Bowie Acquisitions completed a $110 million revolving credit facility with Mizuho Bank and MUFG.

January 3, 2020

Lighthouse Financial Co-Founder Larry Bassett Dies

Lighthouse Financial co-founder Larry Bassett passed away on December 22, according to a statement from the company.