News

White Oak Healthcare Finance acted as sole lender and administrative agent on a senior credit facility for Virtus Pharmaceuticals, a portfolio company of Linden Capital Partners.

Encina Business Credit provided a $30 million senior secured credit facility to a company that produces coal for blast-furnace steel production.

Carl Marks Advisors has promoted Scott Webb to partner.

SierraConstellation Partners has hired Rebecca Waits, Derrick Wong and Brett Kuzniar to join the firm in its Los Angeles headquarters.

Wintrust Receivables Finance provided a $1.5 million credit facility for a trucking company based in Illinois.

Axovant Gene Therapies amended its loan and security agreement with Hercules Capital.

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support Centre Partners’ investment in Wisconsin Cheese Group Holding.

TerrAscend extended the maturity date of its $75 million credit facility due December 18, 2019 with funds managed by JW Asset Management for up to three months.

Celtic Capital provided a $1.3 million credit facility for a California-based company that is a job shop – metal and plastics fabrication.

The Wall Street Journal reported that credit union assets have grown at almost twice the pace of banks over the past 10 years.