News

Cannara Biotech, a vertically integrated producer of cannabis and derivative product offerings, extended and made related amendments to its existing credit agreement with BMO and convertible debenture originally issued on June 21, 2021, as amended on Aug. 31, 2023, and...

Rockland Trust appointed John Doucette as senior vice president and managing director of middle market and specialized lending. In this role, Doucette will oversee the middle market and specialized lending divisions, focusing on driving portfolio growth, optimizing lending strategies and...

Mayer Brown welcomed Frank Favia to the firm as a partner in its global litigation and dispute resolution practice in Chicago. Favia joins from Sidley Austin, where he was co-leader of its private equity litigation practice. “We are thrilled to...

Dechert recently advised Quest Diagnostics on a definitive agreement to acquire select assets of Fresenius Medical Care’s wholly owned Spectra Laboratories. Under a separate agreement that Dechert also advised upon, Quest will provide comprehensive laboratory services related to end-stage kidney...

Hilco Commercial Industrial launched Hilco Equipment Finance (HEF), a newly established business unit dedicated to providing innovative equipment financing solutions. Industry veteran Brian Pollack has been appointed as managing director, equipment finance to lead HEF, bringing more than 25 years...

Mountain Ridge Capital (MRC) closed a $60 million senior secured credit facility to a midwestern-based distributor of home health and personal wellness products. The MRC facility was used to refinance existing senior debt and will be utilized for working capital...

Wingspire Capital provided a C$67 million revolving line of credit to Toys“R”Us Canada, a specialty toy and baby products retailer with more than 80 stores across Canada and e-commerce channels. Toys“R”Us Canada is using the proceeds to refinance a previous...

Gibraltar Business Capital (GBC) recently provided Formetco, a developer of digital and hardware products, with a $15 million revolving line of credit facility to facilitate its growth plans. The facility is secured primarily by accounts receivable, inventory and some equipment....

First Citizens Bank, through its middle market banking business, provided $15.7 million in financing to Raymour & Flanigan, a furniture and mattress retailer. This transaction refinances an existing Raymour & Flannigan showroom in Norwalk, CT. “Arranging this financing with First...

Corpay, a global S&P 500 corporate payments company, closed on an amendment to its term loan B credit facility that resulted in an increase of $750 million. The transaction is leverage neutral, and the interest rate and maturity remain consistent...