News

Crestmark secured a total of $18,247,152 in asset-based lending and factoring financial solutions for 16 new clients and Crestmark’s government guaranteed lending group provided $15.425 million in financing for one new client in the second half of October.

Verdant Commercial Capital expanded its funding capacity through the addition of a $200 million warehouse facility with Wells Fargo Bank. Concurrently, Verdant extended its existing corporate facility with Wells Fargo Lender Finance.

SSG Capital Advisors acted as the investment banker to Gym Source, an East Coast distributor of fitness equipment, in the sale of all of its retail locations to Johnson Health Tech Retail. The transaction closed this month.

The Ontario Superior Court of Justice approved an amendment to the interim debtor-in-possession financing term sheet between Just Energy Group and its DIP lenders to, among other things, extend the maturity of the DIP facility to Sept. 30, 2022.

Matrix Capital Markets, an independent investment bank, advised E.J. Pope & Son (EJP), d.b.a. Handy Mart, on the sale of its 36 petroleum marketing and convenience retail stores to GPM Investments, a wholly-owned subsidiary of ARKO.

According to new research paper from the Alternative Credit Council and Allen & Overy, private credit managers are accelerating the integration of environmental, social and governance initiatives into their investment strategies and engagement with businesses on sustainability.

U.S. Bank unveiled several company-wide commitments to address the impacts of climate change on its business, customers and communities, including setting a goal to achieve Net Zero greenhouse gas emissions by 2050.

CNH Finance closed more than $40 million in committed facilities in Q3/21, including an $18 million accounts receivable revolving line of credit to a skilled nursing facility.

With rising commodity prices, workforce shortages and higher expenditures to attract labor, the restaurant industry will face continued margin contraction and, consequently, lower M&A volume in Q1/22, according to Mitsubishi UFJ Financial Group’s restaurant finance group.

Phoenix Management Services acted as the financial advisor to a Midwest-based manufacturing metal coatings provider in arranging, structuring and negotiating a $2.75 million loan package with Rosenthal & Rosenthal.