News

Robert P. “Bob” Zinn and Megan A. Wotherspoon have joined Blank Rome’s Pittsburgh office as partners in the corporate, M&A and securities group and the financial services industry team. They join Blank Rome from K&L Gates, where Zinn co-led its...

B. Riley Securities served as exclusive financial advisor and fairness opinion provider to the special committee of independent directors of the board of directors of Nakamoto in connection with Nakamoto’s announced acquisition of BTC and UTXO Management GP. Nakamoto exercised...

Green Thumb Industries, a national cannabis consumer packaged goods company and owner of RISE Dispensaries, increased its existing syndicated credit facility led by Valley National Bank by $50 million, bringing the total facility to $189 million. The company intends to...

NXT Capital closed a senior credit facility in support of Riverarch Equity Partners’ acquisition of Walex Products. NXT Capital acted as sole lead arranger, sole bookrunner, and administrative agent on this transaction. “We greatly appreciated NXT Capital’s attentive partnership, their...

DailyPay, an on-demand pay platform and financial wellness solution, closed a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million. The expanded facility supports the sustained growth of DailyPay’s on-demand pay platform, which gives...

eCapital Transportation Group has entered a strategic partnership with 123Loadboard, a digital freight matching platform. This partnership brings two daily needs into one workflow: finding the right freight and having the working capital to haul it. By connecting freight discovery...

Wells Fargo named Dennis Devine the company’s new head of business banking, effective immediately. In this role, Devine will lead the business banking team, which serves the financial needs of business owners with annual sales of up to $25 million....

Eldridge Capital Management closed a $350 million lease facility with ProPetro Energy Solutions, d/b/a PROPWR, a wholly owned subsidiary of ProPetro. The facility will provide PROPWR, the power generation solutions division of ProPetro, with access to growth capital for the...

Republic Business Credit provided a $2 million factoring facility to a West Coast-based small business that supplies parts for the U.S. automotive industry. The financing optimizes the company’s working capital by enabling extended customer payment terms that align with industry...

Beacon Financial combined its four storied financial institutions under one new brand, Beacon Bank. Beacon Bank will introduce additional components of its corporate identity as part of a multi-phase branding update at all locations. “Launching Beacon Bank represents a significant...