News

CannTrust Holdings secured a commitment for a debtor-in-possession and CCAA exit credit facility from Cortland Credit Lending. CannTrust will use the proceeds to fund working capital needs and to support the restoration of its operations.

For its next monthly livestream event of 2021, ABF Journal will gather a panel of experts from Gerber Finance, Marco Financial and PNC Business Credit to discuss the evolving art of business development on April 29 at 3 p.m. EST.

Marco Financial established a $600,000 factoring facility for a New York-based staffing company that provides temporary personnel to global technology firms.

Altica Partners, an Africa-focused investment firm, appointed Andrew Ofori a partner of the firm and member of its investment committee. Additionally, the company added Nick Tims and Andrew Gamble to its senior advisory board.

For the second year in a row, Forbes recognized BMO Harris Bank on its World's Best Banks list.

LBC Credit Partners closed LBC Credit Partners V (LBC V) and a fund raised contemporaneously, adding $808 million of equity commitments to the firm’s capital base.

CapitalPlus Construction Services provided more than $6 million in factoring facilities in March, including a $5 million construction factoring facility for a mechanical, electrical and plumbing service contractor in Ohio to address accounts payable and expand payroll.

Citizens M&A Advisory served as the exclusive financial advisor to Air Purchases of New Hampshire (API) in its sale to Munch’s Supply, a portfolio company of Charlotte, NC-based Ridgemont Equity Partners.

The California Public Utilities Commission unanimously voted to approve Frontier Communications’ emergence from Chapter 11. Having already received all other required state and federal approvals, Frontier Communications expects to emerge from Chapter 11 in the coming weeks.

Rudy Garza joined Polar Capital in January as a director of business development covering the West Coast, while Florbela Mendez joined the company in March as vice president of business development at Phaeacian Partners, a joint venture with Polar Capital.