News

White Oak Commercial Finance hired veteran underwriters Sudhir Chaudhry and Kevin Maitland, further increasing the company’s originations presence across the U.S. _x000D_ _x000D_

The Federal Reserve’s Open Market Committee, in an eight to two vote, decided to cut the borrowing rate by a quarter of a point._x000D_ _x000D_ _x000D_ _x000D_ _x000D_

Encina Business Credit has upsized its senior credit facility to $500 million in total commitments from 12 institutions.

TAB Bank provided a $3 million revolving credit facility for a product testing company located in Illinois.

Burke Gappmayer joined Holland & Hart's Commercial Finance practice in Salt Lake City._x000D_ _x000D_

AFC Industries has completed an acquisition of The Boulder Company. Twin Brook Capital served as administrative agent for financing to support the transaction._x000D_ _x000D_

Encina Business Credit has provided a $45 million senior secured credit facility to a supplier of indoor gardening and hydroponic products.

People's United Bank’s Commercial Banking division served as lead arranger on the expansion of MVC Capital’s credit facility to $50 million.

Sean A. Gordon has returned to Thompson Hine as a partner in the firm’s Business Restructuring, Creditors’ Rights & Bankruptcy practice. He joins from Greenberg Traurig._x000D_ _x000D_

CIBC Innovation Banking provided $3.5M in debt financing for Invixium, a provider of modern biometric solutions for access control and workforce digitalization.