News

SugarBud Craft Growers entered into a commitment letter with Farm Credit Canada for a $19.65 million credit facility to fund an aeroponic cannabis cultivation facility in Alberta.

Deloitte Corporate Finance acted as exclusive financial advisor to Health Payment Systems, a Milwaukee-based healthcare technology firm in its recapitalization with private equity firm Caltius Equity Partners. _x000D_ _x000D_

Amerisource Business Capital completed a $1 million credit facility for a heavy haul transportation company based in Texas.

The Wall Street Journal reported scandal-ridden blood-testing firm Theranos will shut down. The company is working to negotiate a settlement with Fortress Investment Group, its chief creditor._x000D_ _x000D_

Verity Health System of California filled voluntary petitions for protection under Chapter 11. Ally Bank will be providing secured DIP financing of up to $185 million.

Laura S. Pruitt has joined Jones Day’ Financial Institutions Litigation & Regulation Practice as a partner in its Washington Office. _x000D_ _x000D_ _x000D_

Commercial Finance Partners closed five SBA 7a term loans in August for a funding total of $9 million.

TAB Bank provided a $4.75 million asset-based revolving credit facility for a promotional products company located in California.

Pacific Mercantile Bank has provided a $2.5 million revolving line of credit to Karish Industries.

Pacific Drilling has made progress in connection with its Chapter 11 proceedings, including receiving a commitment from Credit Suisse Securities to support a $1.5 billion recapitalization of the company’s capital structure.