News

Encina Business Credit provided a $30 million senior secured credit facility to a transportation services company.

Duane Morris promoted six associates and special counsel to the firm’s partnership in the Business Reorganization and Financial Restructuring Practice Group, the Corporate Practice Group and the Trial Practice Group.

Golub Capital served as administrative agent, sole bookrunner and sole lead arranger on a GOLD facility to support J.H. Whitney Capital Partners’ majority buyout of Firebirds Wood Fired Grill.

mBank Business Credit provided a $1.25 million line of credit to a medical products distributor based in Illinois.

Maxim Commercial Capital launched a new website in celebration of its tenth anniversary. Since 2009, Maxim has solved the liquidity needs of over 5,370 business owners nationwide by providing hard-asset secured financing.

Kansas-based salon and spa retailer Beauty Brands has filed for Chapter 11 in the wake of 25 store closures, according to the Kansas City Star.

BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.

Golub Capital acted as administrative agent on a $120 million GOLD facility to support the refinancing of EOS Fitness by Bruckmann, Rosser, Sherrill & Co.

The commercial banking division of People's United Bank amended and extended an existing $135 million syndicated credit facility for NFS Leasing, a Boston-based equipment leasing company.

Crestline Investors served as administrative agent and sole lead arranger on a senior secured credit facility to support the growth initiatives and refinance existing indebtedness of SUN Behavioral Health.