News

LBC Credit Partners provided a $60 million senior secured term loan to support the recapitalization of AirBorn.

Berkshire Bank appointed Ivan Trajkovic as senior vice president, Asset-Based Lending. Trajkovic extensive industry knowledge and executive leadership to the bank. _x000D_ _x000D_

Ares Commercial Finance served as agent for a revolving credit facility in support of the acquisition of Iron Bow Technologies by an affiliate of H.I.G. Capital. _x000D_ _x000D_

Bloomberg reported that trendy digital-native retailers like Warby Parker and UntuckIt are opening brick-and-mortar stores, finding customers want instant gratification and the ability to try on products._x000D_ _x000D_

Welbilt amended its senior secured credit facility, increasing the borrowing limit for the revolving credit facility to $400 million from $275 million and extending maturity date to October 23, 2023.

_x000D_ Grant Thornton has acquired TayganPoint Consulting Group, a life sciences consulting boutique based in the greater Philadelphia area._x000D_

Bloomberg reportedc former New York Federal Reserve co-director of research James McAndrews is heading TNB (The Narrow Bank), USA, which is designed to allow institutional advisors to park deposits at the Fed. The Fed is not pleased with this new...

_x000D_ Abacus Finance Group served as administrative agent and sole lender in providing incremental capital to support the add-on acquisition of Pan Medical U.S. by Zavation Medical Products, a LongueVue Capital portfolio company. _x000D_ _x000D_

Huntington Business Credit closed a new $26 million credit facility with McLanahan.

KLX Energy Services Holdings entered into a definitive agreement to acquire Motley Services, a large diameter coiled tubing service provider, serving customers primarily in the Southwestern U.S._x000D_ _x000D_