News

CIBC Innovation Banking provided a $25 million growth capital financing for Toronto-based Vena Solutions, a provider of cloud-based financial planning and analysis software. The funding enables Vena to further expand its product content and market reach.

Bank of America is serving as administrative agent for a amended and restated $1.5 billion five-year unsecured revolving credit facility for Reliance Steel & Aluminum. The amended and restated facility will replace Reliance’s existing agreement.

Main Street Capital completed a new portfolio investment to facilitate the minority recapitalization of Superior Rigging & Erecting, with Main Street funding $26 million in a combination of first-lien, senior secured term debt and a direct equity investment.

Crestmark secured a total of $16,993,300 in ABL financial solutions for 10 new clients in the second half of August.

The U.S. Bankruptcy Court for the District of Delaware approved all of Shiloh Industries’ “first day” motions related to its voluntary Chapter 11 petitions filed on Aug. 30, including approval of access of up to $18.1 million of the $123.5...

FireMon secured a debt financing of $40 million from Silicon Valley Bank. FireMon, which experienced more than 300% sequential growth in Q2/20 compared with Q1/20, will use the additional funding to accelerate sales momentum and product innovation.

Crescent Capital’s European specialty lending strategy provided unitranche financing to support the acquisition of Spy Alarms by Phoenix Equity Partners. Crescent also provided an acquisition facility to support Spy Alarms’ ongoing buy-and-build strategy.

J.Jill entered into a transaction support agreement with lenders holding more than 70% of the company’s term loans on the principal terms of a financial restructuring that would result in a waiver of any past non-compliance with the terms of...

Monroe Capital increased its credit facility to FATHOM to support the acquisition of GPI Prototype & Manufacturing Services. FATHOM is an existing portfolio company of CORE Industrial Partners.

ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, is now offering floor plan financing to qualified dealers and equipment manufacturers.