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First Citizens Bank Serves as Sole Bookrunner and Co-Lead Arranger on $150MM in Financing

First Citizens Bank’s energy finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy battery energy storage projects in Texas. Bank United also served as co-lead arranger on the financings.

Zolot Joins Tiger Capital Group as Managing Director, Brand Strategies

David Zolot, a high-impact investment professional who brings nearly 25 years of experience in corporate, IP and consumer-brand strategy, has joined Tiger Capital Group as managing director, Brand Strategies.

May 15, 2024 Rita Garwood

Sixth Street Provides Apellis $475MM Credit Facility

Apellis Pharmaceuticals entered into a non-dilutive, senior secured credit facility with Sixth Street, a global investment firm, of up to $475 million, with approximately $375 million funded at close.

May 15, 2024 Apellis Pharmaceuticals | Jeff Pootoolal | Senior Secured Credit Facility | Sixth Street | Tim Sullivan Rita Garwood

Southern California Bancorp and California Bancorp Announce Receipt of Regulatory Approval for Merger of Equals

Southern California Bancorp and California BanCorp have received required regulatory approvals from the Office of the Comptroller of the Currency and the Federal Reserve Bank of San Francisco necessary to complete their previously announced merger of equals.

May 15, 2024 Southern California Bancorp; California BanCorp; California Bank of Commerce; Bank of Southern California Rita Garwood

Garrington Capital Provides $20MM Lender Finance Facility to California Vehicle Finance Co

Garrington Capital, a provider of capital solutions to middle-market companies in the United States and Canada, closed a working capital revolver of up to $20 million to a California-based vehicle finance company.

May 15, 2024 Garrington Capital Rita Garwood

Climate Tech Fundraising Remains Steady; Silicon Valley Bank Releases Annual Climate Tech Report

With 88% of global carbon emissions now covered by a net-zero goal, climate tech has outperformed and investors remain committed to the sector, according to a new report from Silicon Valley Bank (SVB), a division of First Citizens Bank.

May 15, 2024 Silicon Valley Bank; Dan Baldi; Climate Tech Report Rita Garwood

Aequum Capital Provides $9.3MM in Credit Facilities to Aerospace and Defense Manufacturer

Aequum Capital recently provided a $5 million revolving credit facility and $4.3 million term loan to a Midwest based manufacturing company. The proceeds of the facilities were used to refinance the company’s main street loan, which was facing a near term maturity.

May 15, 2024 Aequum Capital | credit facility | term loan Rita Garwood

Franklin Capital Completed Two $1MM Factoring Facilities

Franklin Capital funded two, $1 million factoring facilities. Both, UK-based companies — an IT supply staffing company and a media powerhouse — reached out to Franklin Capital in order to support the growth of U.S. subsidiaries.

May 15, 2024 Factoring | Factoring Facility | Franklin Capital Rita Garwood

Wolters Kluwer Launches Regulatory Violations Intelligence Index

Wolters Kluwer has unveiled a compilation of penalties imposed by U.S. financial services regulators over the past several years, providing compliance officers strategic insights into the aggregate volumes and penalty amounts issued to financial services institutions.

Biz2Credit Annual ‘Top 25 Cities for Small Business’ Study Identifies San Jose as No. 1

The 2024 Biz2Credit Top 25 Cities for Small Business Study identified San Jose, California, as the top city for small businesses in its annual financial analysis that used data from 2023. The other top 5 cities are: San Francisco, CA; Colorado Springs, CO; Seattle, WA; and Greater Bridgeport, CT.

May 15, 2024 Biz2Credit | Rohit Arora | Top 25 Cities for Small Business Study Rita Garwood

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