Siena Healthcare Finance added Nicholas (Niko) Tsitsos as a director of business development, covering the western U.S. Tsitsos most recently served as vice president of healthcare finance loan originations at Wells Fargo.
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will reopen the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or fewer in assets on Jan. 15. The portal will fully open on Jan. 19 to all participating PPP lenders.
Oxford Finance, a finance firm providing senior debt to healthcare services and life sciences companies, closed a $107 million senior credit facility to Specialty Dental Brands, a dental services organization focused on pediatric dentistry, orthodontics and oral surgery.
Mercantile Bank provided debt financing and Muzinich & Co. provided debt and equity financing to support Blackford Capital’s investment in Aqua-Leisure Industries, a developer of water sport leisure products and aquatic goods.
Morgan Stanley Private Credit served as co-lead arranger on junior capital securities for Caltius Equity Partners’ portfolio company, Talent Systems, to refinance existing debt and support the company’s acquisition of Spotlight Unlimited.
The “Bankruptcy Administration Improvement Act of 2020” was signed into law on Wednesday. The act previously passed the Senate and the House of Representatives. Among its provisions, the bill reduces the amount of quarterly fees paid and simplifies the free structures in Chapter 11 cases.
Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, committed more than $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors.
Independent investment bank Matrix Capital added Casey Van de Walle as a director and Anthony Hoffman, CPA, as an analyst of the firm. Van de Walle most recently served as vice president at Edgement Partners and Hoffman most recently served as an audit associate at Ernst & Young.
Briar Capital Real Estate Fund provided a $6 million real estate loan to a Texas-based metal fabrication and machine shop. The loan consists of a $5 million term loan and a $1 million revolving line of credit, both secured by the company’s real estate as collateral.