First Citizens Bank Arranges $75MM in Financing for Turning Point Brands

First Citizens Bank’s asset-based lending business, part of the bank’s commercial finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands.

December 1, 2023 Chris Esposito | First Citizens Bank | Louie Reformina | Turning Point Brands Ian Koplin

Tacora Capital Provides $30MM in Debt Financing to Exectras

Exectras, a provider for small and midsized businesses seeking everyday business services, including merchant services, payroll, health insurance and workers’ compensation, completed debt financing from Tacora Capital for up to $30 million.

December 1, 2023 Exectras | Joseph Cherry | Keri Findley | Tacora Capital Ian Koplin

Bridge Bank Provides $3.5MM Venture Debt Term Loan to Gooten

Bridge Bank’s technology banking group closed a $3.5 million venture debt term loan with Gooten, a technology and fulfillment company based in New York. Gooten will use the funds for continued growth and expansion.

December 1, 2023 Bridge Bank | Gooten | Greg Madormo | Laurence Brent | Roger Klarmann Ian Koplin

J.P. Morgan, BofA, Citizens and SVB Provide $350MM Credit Facility to Grindr

Grindr completed a refinancing via a new $300 million term loan A facility and a $50 million revolving credit facility. The joint lead arrangers of the transaction are J.P. Morgan, Bank of America, Citizens Bank and Silicon Valley Bank, a division of First Citizens Bank.

December 1, 2023 Bank of America | Capital One | Citizens Bank | First Citizens Bank | George Arison | Grindr | J.P. Morgan | Silicon Valley Bank | Vanna Krantz Ian Koplin

nFusion Capital Provides $7MM Line of Credit to Land & Sea Industries

nFusion Capital provided a $7 million asset-based line of credit to Land & Sea Industries (L&S), a heavy metal fabrication and manufacturing solutions company located in Texas.

December 1, 2023 Land & Sea Industries | nFusion Capital Ian Koplin

Ares Commercial Finance Provides Credit Facility to Priority Waste

Ares Commercial Finance, along with other Ares Management Credit funds, provided a senior secured credit facility to Priority Waste, a portfolio company of TRP Capital Partners.

November 30, 2023 Ares Commercial Finance | Priority Waste | TRP Capital Partners Ian Koplin

ING, Wells Fargo, MUFG and Societe Generale Expand and Renew $700MM Credit Facility with 61C

Six One Commodities (61C) closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility. The facility includes a $300 million accordion feature, bringing total capital available to $1 billion.

November 29, 2023 Benjamin Sutton | Caue Todeschini | Coöperative Rabobank | Credit Agricole Corporate and Investment Bank | GarantiBank International | ING Capital | Josh Bailey | MUFG Bank | Natixis | Six One Commodities | Societe Generale HSBC Bank USA | Valley National Bank | Wells Fargo Bank Ian Koplin

Siena Lending Group Closes $45.6MM in Credit Facilities for Health Snack Manufacturer

Siena Lending Group closed credit facilities totaling $45.6 million for a California-based manufacturer of health snacks and related food products.

November 29, 2023 Siena Lending Group Ian Koplin

CIBC Innovation Banking Provides Senior Credit Facilities to Parsec Automation

CIBC Innovation Banking provided senior credit facilities to support BVP Forge’s investment and fund the recapitalization of Parsec Automation, a manufacturing operations management software platform.

November 29, 2023 BVP Forge | CIBC Innovation Banking | Eddy Azad | Parsec Automation | Youssef Kabbani Ian Koplin

Great Elm Capital Extends Revolving Credit Facility with City National Bank

Great Elm Capital, a business development company, amended its existing $25 million revolving line of credit. According to an 8K filed with the SEC, City National Bank is the lender for the facility.

November 28, 2023 City National Bank | Great Elm Capital | Matt Kaplan Ian Koplin