Sterling National Bank announced four key additions to its Specialty Finance team.
Sharon Bender and Dennis Phelps join as Senior Vice Presidents and Managing Directors of Asset Based Lending. Both will leverage more than two decades of experience...
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October 05, 2018, 08:00 AM
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Atalaya Capital Management, an alternative asset manager focused on opportunistic credit and special situations investments, announced today that it has closed its fourth Asset Income Fund (AIF IV) at its $900 million hard-cap, exceeding its $750...
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May 10, 2018, 07:04 AM
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Hovde Group announced that it represented Bethesda, MD-based Federal National Commercial Credit, Inc. (FNCC), a portfolio company of Pine Tree Equity Partners, has announced its sale to San Francisco, CA-based White Oak on behalf of its institutional...
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February 15, 2018, 07:12 AM
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Hunter Street Partners has officially launched as a new Minneapolis-based alternative investment management firm that will provide capital solutions to operating partner teams and lower middle market companies across corporate finance, real estate...
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January 15, 2018, 07:00 AM
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F.N.B. Corporation announced the hiring of D. Bryant Mitchell as Executive Vice President of Capital Markets and Specialty Finance Businesses.In a newly created role at FNB, Mitchell will oversee a number of commercial banking business lines...
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January 12, 2018, 07:33 AM
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Sterling National Bank announced the addition of six new bankers across core business units, highlighting the forward momentum and growth of the bank, both regionally and across key service lines.On Long Island, Sterling has bolstered its team with...
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January 05, 2018, 07:07 AM
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Hovde Group, a full service investment bank and broker dealer that provides investment banking, capital markets, equity research, and sales and trading services focused on the financial services sector, announced that it has formed a new practice to...
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October 05, 2017, 07:29 AM
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Houlihan Lokey, Inc., a global investment bank, announced that Reinhard Koester has joined the firm as a Managing Director and Co-Head of the Financial Institutions Group (FIG), where he will help grow the firm’s Specialty Finance practice. He is...
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September 14, 2017, 07:20 AM
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Otterbourg P.C. announced that Jason I. Miller has joined the firm as a member in the specialty finance group. His practice focuses on commercial finance matters such as asset based lending, cash flow lending, middle market, factoring, leveraged...
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August 08, 2017, 07:50 AM
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Raymond James is adding resources to its Financial Services Investment Banking practice with the addition of Jonathan Knauss as managing director. A veteran of the middle market, Knauss will serve clients in the specialty finance sector.“Jonathan is...
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July 26, 2017, 07:38 AM
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AloStar provided additional senior capital to FLOCK Specialty Finance as part of a major upgrade to its Senior Revolving Credit facility agented by The Private Bank. FLOCK is an Atlanta-based provider of capital to buyers of non-performing debt and...
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June 20, 2017, 07:17 AM
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Sterling National Bank, the principal subsidiary of Sterling Bancorp announced that Robert Mocerino has joined the bank as a Managing Director in the Specialty Finance Division. He will be reporting directly to Adam Dejak, SVP of Sales.Mocerino will...
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April 13, 2017, 08:00 AM
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Gibraltar Business Capital announced that Dave Meier has joined as Business Development Officer. Based in the company’s Northbrook headquarters, Dave will focus on the Midwest Region – including Ohio, Indiana, Michigan, Illinois, Wisconsin, Missouri...
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December 13, 2016, 07:14 AM
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Siena Lending Group LLC (“Siena”) announces the completion of a three-year $2.5 million asset based revolving and term loan credit facility for DelVal Flow Controls ("DelVal") to refinance their existing senior debt and to provide additional working...
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December 08, 2016, 07:38 AM
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Fifth Street Finance Corp. announced that its Board of Directors has appointed Patrick J. Dalton as Chief Executive Officer and elected him as a member of the Board of Directors, effective January 2, 2017. Dalton will succeed Todd G. Owens, who will...
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November 30, 2016, 07:48 AM
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Sorrento Therapeutics, Inc., an antibody-centric, clinical-stage biopharmaceutical company developing new treatments for cancer and other unmet medical needs, announces it has entered into a loan and security agreement with Hercules Capital, Inc. for...
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November 29, 2016, 07:23 AM
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Ares Commercial Finance announced that it has provided an $18 million senior secured credit facility to Hastings Manufacturing Company, a Michigan-based manufacturer and distributor of piston rings used in gasoline and diesel engines. The credit...
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November 22, 2016, 07:44 AM
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Oxford Finance LLC, an industry-leading specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced that it has been acquired by an affiliate of Wafra Capital Partners, whose family of funds and...
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November 18, 2016, 07:45 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of up to $100 million senior credit facility to support the growth of LiftForward, Inc. (“LiftForward”). Based in New York, New York, LiftForward...
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November 18, 2016, 07:42 AM
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Horizon Technology Finance Corporation announced that Horizon and Silicon Valley Bank (“SVB”), have provided a $25 million venture loan facility for vTv Therapeutics Inc., a clinical-stage biopharmaceutical company committed to the discovery and...
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November 16, 2016, 07:22 AM
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LM Funding America, Inc., a specialty finance company offering unique funding solutions to community associations, has initiated strategies to monetize $165 million of unsecured off-balance sheet assets. The company recently placed $5 million of...
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November 10, 2016, 07:29 AM
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i2B Capital, a provider of direct financing to niche-market financial entrepreneurs, is pleased to announce the closing of a $4 million asset-based revolving line of credit with an accordion to $6 million with CFG Merchant Solutions (CFGMS). CFGMS is...
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November 09, 2016, 07:42 AM
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Veritas Financial Partners announces the closing of a $9.0 million credit facility for Free Flow Wines LLC. Veritas provided its financing in connection with a growth equity investment. Free Flow will use the recapitalization to fund the opening of...
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October 26, 2016, 07:55 AM
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MidCap Financial, a leading specialty finance firm focused on the middle market, announced the hiring of James Garlick as Director - Originations for the Asset Based Lending Group of MidCap Financial Services LLC. Garlick, who will be based in...
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October 24, 2016, 07:59 AM
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First Tennessee Bank is expanding its focus on businesses with specialized banking needs by hiring bankers with extensive experience in four areas: franchise finance, healthcare finance, music industry banking and structured equipment finance. By...
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October 19, 2016, 07:56 AM
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Medallion Financial Corp. announced that Medallion Bank, the company’s unconsolidated wholly-owned portfolio company, and Medallion Business Credit, a division of the company, closed on a sale of over $40 million in performing loans to a large super...
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October 05, 2016, 07:35 AM
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Stephens Inc., an independent, full-service investment banking firm, continues to grow its equity research team with the hiring of Vincent Caintic as Senior Specialty Finance Analyst effective September 27. In this role he will build upon Stephens’...
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September 30, 2016, 07:17 AM
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BioCryst Pharmaceuticals, Inc. has closed a $23 million senior credit facility with MidCap Financial. The facility was fully funded at closing and bears a variable interest rate based upon LIBOR, currently at 8.5%; an interest-only period through...
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September 26, 2016, 08:11 AM
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CIT Group announced that CIT Franchise Finance added four sales professionals to its Mid-Cap Restaurant Franchise Finance group.“These new members of our sales team bring long-standing experience in the restaurant industry as well as exceptional...
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September 22, 2016, 07:29 AM
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Ares Commercial Finance announced that it has provided a $37.3 million asset-based credit facility to Be Green Packaging, LLC, a Thousand Oaks, California-based designer and manufacturer of sustainable, compostable and recyclable molded fiber...
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September 21, 2016, 07:42 AM
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Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a $55 million unitranche credit facility to support the recapitalization of a finance technology company. The company is a full-service provider of...
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September 20, 2016, 07:37 AM
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Stonegate Capital, a diversified specialty finance company that provides $1 million to $10.0 million collateral-backed loans to established lower middle-market enterprises and emerging brands, announced that it has closed on a significant equity...
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September 15, 2016, 07:10 AM
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Ares Commercial Finance announced that it has provided a $17.5 million credit facility to Automated HealthCare Solutions, LLC, a Miramar, FL-based multi-faceted healthcare technology provider that operates nationwide. Automated HealthCare Solutions...
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September 14, 2016, 07:39 AM
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Hercules Capital, Inc. announced the appointment of Paul Gibson as Managing Director in the Technology Group in Hercules’ Washington DC office.“I am pleased to welcome Paul to Hercules and to have such a seasoned investment professional join our...
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September 08, 2016, 07:18 AM
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Wellington Financial LP, a privately-held specialty finance firm, announced it is growing its expertise in a key sector of the innovation economy. To lead this endeavor, Jeff Chapman has joined the firm’s Menlo Park office as Partner and Head of...
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August 17, 2016, 07:41 AM
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Ares Capital Corporation (ARCC) and Varagon Capital Partners announced the Senior Direct Lending Program has officially launched. First announced in 2015, SDLP was formed to provide complete financing solutions to middle market companies and sponsors...
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August 04, 2016, 07:41 AM
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Victory Park Capital (VPC), an investment firm focused on private middle-market debt and equity investments, announced that it has provided a $25 million senior secured credit facility to West Creek Financial, Inc. (West Creek), a point-of-sale lease...
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July 22, 2016, 07:35 AM
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Signature Bank announced that several new professionals joined both the Bank’s specialty equipment finance subsidiary, Signature Financial LLC, as well as its asset-based lending (ABL) group.On the asset-based lending side, three professionals were...
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July 14, 2016, 08:00 AM
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Citizens Bank announced Brent Hazzard has been named Head of Structured Finance at Citizens Commercial Banking.Hazzard joins Citizens from GE Capital where he had served as a leader in both GE’s Restructuring and Distressed Debt businesses....
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July 08, 2016, 08:06 AM
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Aprecia Pharmaceuticals Company, a commercial stage pharmaceutical company developing, manufacturing and marketing fast melt formulations of high dose pharmaceuticals, today announced that it has entered into an up to $30 million debt financing...
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July 06, 2016, 07:46 AM
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Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $10 million term loan to Monteris Medical. Proceeds of the loan are being used to accelerate the...
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June 30, 2016, 07:18 AM
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Citizens Bank announced that Citizens Commercial Banking is leading a $450 million asset-based revolving credit facility for YRC Worldwide Inc., one of the largest transportation providers in the world offering less-than-truckload (LTL) freight...
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June 29, 2016, 07:58 AM
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Plug Power Inc. has closed on a long-term loan facility for up to $40 million with Hercules Capital. The proceeds will be used for working capital and general corporate purposes. The facility has a three year term, is secured by a first priority all...
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June 28, 2016, 07:33 AM
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Guaranty Federal Bancshares, Inc. announced that its subsidiary, Guaranty Bank, hired H. Charles “Charley” Puls to serve as Executive Vice President, Chief Lending Officer. As a member of the bank’s executive management team, Puls’ primary...
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June 28, 2016, 07:26 AM
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EverBank announced several new senior management appointments and strategic organizational changes for its Commercial Division, serving small and mid-size companies across the country.“Over the past several years, EverBank has acquired or started a...
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June 16, 2016, 08:04 AM
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Ares Capital Corporation is serving as the administrative agent, joint lead arranger and joint bookrunner for a $1.075 billion unitranche credit facility in support of the acquisition of Qlik Technologies, Inc. by Thoma Bravo, a leading private...
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June 03, 2016, 08:08 AM
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Renovo Financial, a Chicago-based private lender that assists real estate investors who acquire, renovate and manage residential properties, announced it has closed an incremental $25 million commitment from Victory Park Capital (VPC), an investment...
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May 17, 2016, 07:38 AM
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Wellington Financial LP, a privately-held specialty finance firm, announced today that it recently closed a $10 million venture debt financing for Exinda, a company dedicated to delivering the best application performance possible on its clients’...
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May 04, 2016, 07:16 AM
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Oxford Finance announced the closing of a senior credit facility with Diversis Capital, LLC, a private equity firm focused on acquiring and growing small- and middle-market companies. Oxford was the sole lender and administrative agent for this...
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April 26, 2016, 07:47 AM
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FuelCell Energy, a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, announced that it has closed a long-term loan facility with Hercules Capital. for up to $25 million to...
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April 19, 2016, 07:39 AM
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Gemino Healthcare Finance announced the closing of a $12 million senior secured credit facility to H.I.G. Capital’s portfolio company Soleo Health, an innovative national provider of home and alternate-site specialty infusion therapies. Proceeds from...
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April 13, 2016, 07:35 AM
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Hercules Capital, Inc., a specialty financing provider to innovative venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, provided its portfolio update for Q1 2016.“I am delighted to see our organization’s...
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April 11, 2016, 07:23 AM
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Hercules Capital, Inc., a leading specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, today announced that effective April 7, 2016, it has expanded its credit facility with Wells Fargo...
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April 08, 2016, 07:52 AM
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NewStar Financial Inc. announced the sale of its asset-based lending subsidiary, NewStar Business Credit LLC (“NSBC”), to Sterling National Bank, a wholly owned subsidiary of Sterling Bancorp for approximately $112 million in cash, net of debt...
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April 01, 2016, 07:54 AM
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Monroe Capital announced that it has established a new business vertical, Specialty Finance Lending. Aaron Peck, Lee Stern and Kyle Asher will lead the origination efforts, based out of the firm’s Chicago and New York offices. “We are excited to...
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March 23, 2016, 07:27 AM
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Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a $27 million term loan to Cascade Capital Group, LLC. These funds were used to purchase three skilled...
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March 09, 2016, 07:47 AM
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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it served as a co-lender and documentation agent in the closing of a $35 million term loan and a $15...
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March 03, 2016, 07:34 AM
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Oxford Finance LLC., a specialty finance firm that provides senior debt to life sciences and healthcare services companies, is pleased to announce Joshua S. Brown has joined its healthcare services lending team. In his director-level position, Brown...
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February 26, 2016, 07:36 AM
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Hercules Technology Growth Capital, Inc., a leading specialty financing provider to innovative venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, announced the company will change its name to Hercules Capital...
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February 22, 2016, 07:58 AM
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Wellington Financial LP, a privately-held specialty finance firm, today announced a $8.75 million credit facility for Digital Fortress, Inc. ("Digital Fortress"), a prominent data center operator and cloud management provider serving the Pacific...
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February 19, 2016, 07:32 AM
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Veritas Autofinance, LLC announced that it has entered into a new one year revolving credit agreement with Credit Suisse AG.Loans under the credit facility were rated by DBRS, Inc. and will be secured by automobile receivables that Veritas now holds...
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February 02, 2016, 07:26 AM
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Horizon Technology Finance Corporation announced it has led a $12 million venture loan facility for Digital Signal Corporation ("DSC").DSC, a leader in human identification and identity management solutions, is backed by leading venture capital firms...
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December 23, 2015, 07:27 AM
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Monroe Capital Corporation announced an amendment and extension of its syndicated credit facility led by ING Capital LLC, which includes a reduction in pricing and an expansion in commitments.The amended facility includes an increase in the size of...
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December 16, 2015, 07:48 AM
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Ares Commercial Real Estate Corporation announced has closed a new $155.0 million secured term loan. The loan has a term of three years and proceeds will be used to fund new loan originations as well as for other general corporate purposes. The...
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December 14, 2015, 07:29 AM
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The Spectranetics Corporation has completed the refinancing of its outstanding debt and closed on a new $110 million senior secured credit facility led by Midcap Financial and Silicon Valley Bank. The new facility consists of a $60 million term loan...
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December 08, 2015, 07:38 AM
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Oxford Finance announced the closing of a $3 million senior secured term loan with MDRejuvena, Inc. Proceeds from the loan are being used for the commercialization and continued development of the company’s Rejuvaphyl and daily skincare...
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December 03, 2015, 07:09 AM
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Consumer Portfolio Services, Inc. has entered into a new two-year revolving credit agreement with Credit Suisse AG and Ares Agent Services, L.P.Loans under the new credit agreement will be secured by automobile receivables that CPS now holds or will...
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December 01, 2015, 07:33 AM
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NXT Capital and MidCap Financial announced they have provided an $85 million senior secured credit facility to support Freeman Spogli & Co.’s investment in Regent Holding Company, LLC. NXT Capital and MidCap Financial were joint lead arrangers and...
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November 06, 2015, 08:00 AM
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Goldman Sachs BDC, Inc. has favorably amended its senior secured revolving credit agreement, resulting in a reduction of the stated interest rate and an extension of the maturity date. Aggregate commitments under the revolving credit facility...
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November 06, 2015, 07:18 AM
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Wells Fargo & Company announced that Corporate Treasurer Paul Ackerman will take a role in Wells Fargo Securities as vice chairman and senior banker responsible for serving global financial institutions. In this position, Ackerman will leverage his...
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October 28, 2015, 07:43 AM
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PNC Bank, N.A., announced the appointment of David Mengel, executive vice president, to head up the technology finance team based in San Francisco. With 30 years of banking experience, Mengel will relocate to oversee PNC’s accelerated build out of...
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October 20, 2015, 07:56 AM
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FilmTrack, the global leader in content and rights management for the worldwide media and entertainment industry, has secured an additional $10 million in growth capital. The new investment is comprised of $5 million in venture debt financing from...
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October 09, 2015, 07:35 AM
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Sterling National Bank, the principal subsidiary of Sterling Bancorp, has established a commercial banking team dedicated to providing senior-secured financing to middle market healthcare companies on a national scale. The new team, formed with the...
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October 06, 2015, 08:03 AM
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Citizens Bank announced it is providing a $26 million senior secured credit facility to Aurora, Ill.-based Alarm Detection Systems. Founded in 1968, Alarm Detection Systems is a family-owned and operated company that installs and services fire alarms...
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October 01, 2015, 07:54 AM
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Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a $7 million senior secured term loan and a $1 million revolving line of credit with Shady Shores...
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September 28, 2015, 07:46 AM
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CapX Partners announced the closing of a loan facility that can grow to $100 million to support the growth needs of Ziosk. Ziosk is the creator of the restaurant industry’s first ordering, entertainment and pay-at-the-table tablet and commands 95% of...
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September 25, 2015, 07:56 AM
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Gemino Healthcare Finance announced it has provided a $5 million secured revolving line of credit to BreatheAmerica Inc. Based in Nashville, Tennessee, BreatheAmerica and its subsidiaries provide services to patients with two distinct healthcare...
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September 22, 2015, 07:52 AM
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Hercules Technology Growth Capital announced that it has expanded into Southern California, the third largest U.S. venture capital investment region. Tim Barnes, a former Silicon Valley Bank vice president, has joined Hercules’ investment team as a...
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September 17, 2015, 07:22 AM
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Oxford Finance LLC , a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced R. Thomas Ryan has joined its healthcare services business development group. As a director, Ryan will be...
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September 10, 2015, 07:49 AM
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Horizon Technology Finance Corporation announced that its wholly owned subsidiary, Horizon Credit II LLC, has amended its syndicated revolving credit facility led by KeyBank National Association.The amendment increases the size of the credit facility...
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August 13, 2015, 07:56 AM
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Flexion Therapeutics, Inc. entered into a syndicated senior secured term loan facility with MidCap Financial and Silicon Valley Bank that allows Flexion to borrow up to $30 million at an annual interest rate of 6.25 percent with a maturity of...
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August 05, 2015, 07:28 AM
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Monroe Capital Corporation announced that current loan commitments on its syndicated credit facility led by ING Capital LLC have increased by $25 million to $135 million. As previously disclosed, the Company's revolving credit facility can expand up...
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August 03, 2015, 07:39 AM
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Horizon Technology Finance, a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and cleantech industries...
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July 31, 2015, 07:09 AM
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Dealstruck, the online lender that provides lending solutions for small businesses at every stage of their lifecycle, announced that it received another $10 million capital investment from Community Investment Management LLC ("CIM"), an investment...
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July 27, 2015, 07:26 AM
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Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp. announced that the Boards of Directors for both FSC and FSFR have promoted Steven M. Noreika to Chief Financial Officer, replacing Richard A. Petrocelli, who will be leaving Fifth...
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July 13, 2015, 07:29 AM
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Ares Capital Corporation (ARCC) extended the maturity and reduced pricing on its existing $400 million revolving funding facility with Sumitomo Mitsui Banking Corporation. ARCC extended the reinvestment period by one year to September 14, 2017 and...
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July 02, 2015, 07:38 AM
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EndoChoice Holdings has completed the refinancing of its outstanding debt and closed on a new $58 million senior secured credit facility with Midcap Financial and Silicon Valley Bank. The new facility consists of a $43 million term loan and a $15...
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July 01, 2015, 07:34 AM
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ADMA Biologics, Inc., a late-stage biopharmaceutical company developing specialty plasma-based biologics for the treatment and prevention of certain infectious diseases, announced that it has entered into a loan and security agreement with Oxford...
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June 22, 2015, 07:16 AM
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Sterling National Bank announced today that Mignon Winston and Mark Long have joined the Bank's Asset Based Lending division, each as First Vice President and Portfolio Manager. Winston and Long will be based in New York City and provide financing...
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June 17, 2015, 07:57 AM
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Hercules Technology Growth Capital, Inc. announced the appointment of Mark Harris as Chief Financial Officer of the Company, effective August 1, 2015.In addition to leading Hercules’ finance and accounting groups, Harris will also oversee the...
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June 11, 2015, 07:43 AM
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Horizon Technology Finance Corporation has closed a $10 million venture loan facility to The NanoSteel Company, Inc., a leader in nano-structured steel materials design. NanoSteel will use the proceeds for general working capital purposes."We are...
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June 05, 2015, 07:41 AM
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Hercules Technology Growth Capital announced that Robert Lake has joined the Company as chief credit officer. Lake will report directly to Manuel A. Henriquez, chairman and chief executive officer of Hercules. As chief credit officer, Lake will be...
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June 02, 2015, 07:58 AM
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BioDelivery Sciences International, Inc. has secured an additional $20.7 million in gross debt funding from MidCap Financial to bring BDSI's total outstanding debt with MidCap to $30 million in a single senior secured loan. The proceeds of the loan...
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June 01, 2015, 07:41 AM
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MidCap Financial, a leading specialty finance firm focused on the middle market, is pleased to announce that John Rosin has been named Managing Director – National Head of Originations of the Midcap Financial Services, LLC General Industries Asset...
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May 27, 2015, 07:56 AM
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Berkshire Hills Bancorp today the signing of a definitive agreement for the acquisition of privately held Firestone Financial Corp. as an operating subsidiary of Berkshire Bank. Based in Needham, Massachusetts, Firestone is a longstanding commercial...
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May 22, 2015, 07:49 AM
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Oxford Finance and Silicon Valley Bank announced the closing of a credit facility, including a $10 million senior secured term loan and a $7 million line of credit, with Labcyte Inc. Labcyte is a global biotechnology tools company that is...
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May 06, 2015, 07:34 AM
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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a $5 million expansion to an existing $10 million senior secured term loan agreement with Edgemont...
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May 01, 2015, 07:26 AM
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Sterling National Bank announced the appointment of Thomas X. Geisel as Executive Vice President and President of Specialty Finance.Geisel will lead Sterling's specialty finance teams which include Asset Based Lending, Factoring and Trade Finance...
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April 28, 2015, 07:57 AM
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Lombard Medical, Inc., a medical device company focused on endovascular aneurysm repair (EVAR) of abdominal aortic aneurysms (AAAs), announced that it has entered into a $26 million secured term loan facility with Oxford Finance LLC. Lombard Medical...
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April 28, 2015, 07:30 AM
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Oxford Finance and Silicon Valley Bank announced the closing of a $12 million senior secured term loan agreement with ReShape Medical, Inc. ReShape Medical specializes in a dual-intragastric balloon for weight loss, ReShape Integrated Dual Balloon...
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April 22, 2015, 07:22 AM
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Newtek Business Services Corp., an internally managed business development company, announced that it has acquired the talent of Dean Choksi. Choksi will join Newtek as Treasurer and Senior Vice President of Finance. Choksi has over 14 years' of...
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April 17, 2015, 07:17 AM
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Horizon Technology Finance Corporation, a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and...
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April 06, 2015, 07:28 AM
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Ares Capital Corporation amended and extended its senior secured revolving credit facility with 20 banks, including 19 existing lenders and one new lender. Lenders include SunTrust Bank, Bank of America and Merrill Lynch. JPMorgan Chase agented the...
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March 31, 2015, 08:02 AM
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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced Tracy S. Maziek has been hired to head its healthcare services lending division. As managing director, Maziek will...
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March 26, 2015, 08:00 AM
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Rosenthal & Rosenthal, Inc., the largest privately held domestic factoring and financing firm, announced the hiring of Robert A. Miller as Executive Vice President and Head of Asset Based Lending. Miller will be responsible for Rosenthal’s Asset...
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March 24, 2015, 07:41 AM
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CFO.com reports Goldman Sachs BDC opened trading on the New York Stock Exchange Wednesday after raising $120 million in an initial public offering. The firm is the latest business development company (BDC) backed by a Wall Street investment bank that...
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March 20, 2015, 07:35 AM
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MidCap Financial, a leading specialty finance firm focused on the middle market in North America and Europe, announced it recently closed a transaction with Monarch Senior Living to acquire an existing medical office building in La Jolla, CA and...
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March 12, 2015, 07:21 AM
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The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced that during the fourth quarter of 2014 it closed 12 financing transactions, including refinancings of...
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March 06, 2015, 07:23 AM
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Agile Therapeutics, Inc., a women's health specialty pharmaceutical company focused on the development and commercialization of new prescription contraceptive products, announced that it has entered into a loan and security agreement with Hercules...
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February 25, 2015, 07:10 AM
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MidCap FinCo Limited (together with its subsidiaries, “MidCap Financial”), in alliance with its investment manager, Apollo Capital Management, L.P., an affiliate of Apollo Global Management, announced the launch of an innovative direct origination...
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February 03, 2015, 08:05 AM
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Fifth Street Finance Corp. announced that its Board of Directors has promoted Todd G. Owens to Chief Executive Officer from his former role as President. Owens joined Fifth Street in September 2014 and currently serves as President of FSC and is a...
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January 23, 2015, 07:21 AM
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Fifth Street Senior Floating Rate Corp., an affiliate of Fifth Street Asset Management Inc., announced the closing of a $175 million senior secured revolving credit facility with Citibank, N.A. The facility has a three-year reinvestment period and a...
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January 21, 2015, 07:52 AM
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Genocea Biosciences, Inc., a company developing T cell-directed vaccines and immunotherapies, announced that it has entered into a loan and security agreement with Hercules Technology Growth Capital, Inc. for a term loan of up to $27.0 million."This...
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November 24, 2014, 07:14 AM
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Gamma Medica, a developer of advanced digital molecular imaging technologies, announced a $6.5 million growth capital financing facility from leading specialty finance company Hercules Technology Growth Capital and $5.0 million from existing investor...
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October 23, 2014, 07:32 AM
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TransEnterix, Inc. has expanded its existing agreement with Oxford Finance LLC and Silicon Valley Bank to provide for up to $25.0 million in growth capital."We are pleased to have expanded our relationship with Oxford and Silicon Valley Bank," said...
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September 30, 2014, 07:19 AM
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Oxford Finance LLC announced the closing of a $20 million senior secured term loan agreement with Pulmonx. Proceeds of the loan will be used to support the company's U.S. clinical trial of its Zephyr Endobronchial Valve used for the treatment of...
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September 18, 2014, 05:42 AM
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Edge Therapeutics has obtained up to $10 million in venture debt financing from Hercules Technology Growth Capital, Inc. to support the continued development of EG-1962, the company’s lead product candidate.“We are very pleased to enter into this...
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September 09, 2014, 06:49 AM
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Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, has named Gordon Watson principal. Watson, an 8-year financial services veteran, will open the firm’s New York office. VPC is headquartered in...
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September 04, 2014, 07:26 AM
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Capital One Bank announced that Glenn Noble has joined the Security Lending Group, part of the Commercial & Specialty Finance Group, as a Senior Vice President. In this newly-created role, Noble will be focused on providing asset-based debt...
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August 20, 2014, 07:23 AM
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Capital One Bank announced the appointment of David Mazar as Director, Business Development Officer for Capital One Business Credit, part of the Commercial & Specialty Finance Group. In this new role, Mazar will be responsible for business...
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August 19, 2014, 07:48 AM
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Ares Commercial Real Estate Corporation announced that through a wholly owned subsidiary it has closed a $75.0 million credit facility with Los Angeles-based City National Bank (“CNB Facility”). The CNB Facility will expand ACRE’s financial...
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August 01, 2014, 06:57 AM
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CapX Partners announced the closing of a $13 million senior loan facility to support the growth needs of Karmaloop, a multi-platform online retailer, community of style and media company specializing in global streetwear fashion and culture for men...
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July 23, 2014, 07:19 AM
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Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of an $8 million senior secured term loan agreement with Natrix Separations, Inc. ("Natrix")....
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July 23, 2014, 07:03 AM
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Medallion Financial Corp., a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that it has acquired the assets of Newark Funding Corp., a Newark, New Jersey taxi medallion loan...
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July 22, 2014, 07:11 AM
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NewBridge Bancorp has launched a middle-market banking group and hired an experienced commercial banking and treasury services team to support this new line of business. This six-person team of seasoned banking professionals will focus on companies...
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July 21, 2014, 07:46 AM
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Tennenbaum Capital Partners (TCP) announced the opening of a new office in San Francisco. The office expands Tennenbaum's platform and also adds significant expertise in the energy technology sector. The San Francisco office will be led by Head of...
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July 16, 2014, 06:42 AM
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Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced seven new additions to its relationship banking teams servicing commercial middle-market clients, as part of its ongoing effort to invest in high-growth areas and deliver...
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July 01, 2014, 07:44 AM
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DURECT Corporation announced that it had entered into a Loan and Security Agreement (the "Loan Agreement") with Oxford Finance LLC, pursuant to which Oxford agreed to make a term loan to the company in the principal amount of $20 million. The loan...
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June 27, 2014, 07:11 AM
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Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $2.5 million senior secured term loan agreement and a $1.5 million revolving line...
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June 11, 2014, 07:04 AM
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TCP Capital Corp., a business development company, announced that it has expanded its revolving credit facility with Deutsche Bank AG from $150 million to $200 million. The accordion feature is also expanded up to an aggregate of $250 million. The...
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June 10, 2014, 07:23 AM
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Wellington Financial LP, a privately-held specialty finance firm, announced a $5 million expansion financing for Agiliance, Inc. The investment will be used to increase product marketing evangelism, leverage target sector distribution and solution...
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May 15, 2014, 07:24 AM
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Fifth Street Finance Corp. announced the addition of a new lender and an incremental commitment from an existing lender to its syndicated bank credit facility led by ING Capital LLC. As a result, the committed facility size increased by $20 million...
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May 07, 2014, 08:03 AM
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Alimera Sciences, Inc., a biopharmaceutical company that specializes in the research, development and commercialization of prescription ophthalmic pharmaceuticals, announced today that its United Kingdom subsidiary, Alimera Sciences Limited (Limited)...
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April 25, 2014, 07:10 AM
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Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $20 million term loan with with Zafgen, Inc. The funds were provided to Zafgen from...
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April 18, 2014, 07:10 AM
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CIT Canada, a leader in providing lending, leasing and advisory services to small businesses and middle market companies, today announced that it provided $8 million in franchise financing to the BLCO Group, one of the largest multi-unit Kentucky...
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April 07, 2014, 08:02 AM
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JumpStart (also known as Knowledge Adventure), a pioneering educational game developer that publishes entertaining and award-winning mobile and web products for children, announced today that it has raised $13 million in debt financing led by...
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April 04, 2014, 06:51 AM
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Citibank announced the appointment of Thierry Jenar as Market President for Silicon Valley, CA. Jenar will collaborate with Citi teams across the Silicon Valley area as well as community stakeholders, businesses, civic organizations and government...
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April 01, 2014, 07:16 AM
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Wellington Financial LP, a privately-held specialty finance firm, announced a $10 million venture debt financing for SOA Software of Los Angeles, CA. SOA Software is powering the API economy by delivering a comprehensive suite of secure, scalable API...
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March 28, 2014, 06:51 AM
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Oak Hill Advisors, L.P. ("OHA") announced that Steve Jones and Eric Karp have joined the firm as senior advisors. Based in New York, Jones and Karp will help guide the firm's activities in private lending. They join an investment team with...
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March 26, 2014, 07:15 AM
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Ares Capital Corporation announced today that its investment adviser, Ares Capital Management LLC, has added two investment professionals as part of an expansion of its energy lending capabilities. Owen D. Hill and Jonathan M. Shepko have joined as...
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March 25, 2014, 06:44 AM
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Fifth Street Senior Floating Rate Corp. announced that it and GF Funding 2014, an entity controlled by the Glick family, have signed a Letter of Intent to form a strategic partnership to co-invest primarily in senior secured loans of middle-market...
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March 19, 2014, 08:03 AM
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Capital Financial Global, Inc. announced that it has successfully completed the acquisition of $5.1 million dollars of debt in Gold Rush Refiners, LLC, a distressed Georgia-based gold and precious metals refinery. The debt was acquired in exchange...
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March 18, 2014, 07:16 AM
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Long's Drugs Incorporated ("Long's"), headquartered in Columbia, SC, is a retail and specialty pharmacy serving the SC, NC and GA markets. Founded in 1951 as a family-oriented business, Long's has maintained its tradition of providing excellent...
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March 05, 2014, 07:46 AM
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ADMA Biologics, Inc. announced it has secured a loan commitment for up to $15 million from Hercules Technology Growth Capital, Inc., a leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in...
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February 28, 2014, 07:19 AM
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BofI Federal Bank, a subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), has closed on a $22.5 million bridge loan with 7 West 44th St. Realty LLC (“Realty”) in connection with Realty’s acquisition of the Paragon Building, a 16 story, 65,000 square foot...
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January 20, 2014, 07:34 AM
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Healthcare Finance Group announced that it acted as sole lead arranger of the $475 million financing transaction for Prime Healthcare Services, Inc.Prime Healthcare, headquartered in Ontario, CA, is one of the largest healthcare systems in the U.S....
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December 23, 2013, 07:12 AM
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Prospect Capital announced it has entered into a definitive agreement to acquire 100% of the common stock of Nicholas Financial, Inc. for $16.00 per share. Subject to certain conditions, the transaction is currently contemplated to close in April...
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December 19, 2013, 07:21 AM
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Capital One Bank announced it acted as a joint bookrunner for an $85 million, seven-year senior secured term loan to subsidiaries of Parkwood Properties, Inc. and a $30 million revolver loan to Palm Garden Healthcare Holdings, LLC. Parkwood...
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November 25, 2013, 07:26 AM
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BofI Federal Bank Lender Finance division announces it recently completed a $15MM asset-based credit facility for CapFlow Funding Group Managers, a specialty finance lender located in Rutherford, NJ. In addition to replacing an existing lender, the...
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November 14, 2013, 07:16 AM
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BofI Federal Bank, a subsidiary of BofI Holding, Inc., announced the expansion of its Commercial and Industrial Lending, Lender Finance Division (C&I) under the leadership of Patrick Walsh and Salvatore Salzillo.BofI Federal Bank's C&I lending...
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November 13, 2013, 07:04 AM
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Fifth Street Senior Floating Rate Corp. announced that it has closed a $100 million credit facility with Natixis, New York Branch. Pricing on the new facility is set at the applicable commercial paper rate plus 1.9% per annum. The interest rate would...
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November 08, 2013, 07:16 AM
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TCP Capital Corp., a business development company, announced that it has expanded its revolving credit facility with Deutsche Bank AG from $50 million to $100 million. The accordion feature of the credit facility was also expanded up to $200 million....
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September 11, 2013, 07:31 AM
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City Loan, a Larsen MacColl Partners portfolio company, announces the close of a $30 million term loan with Comvest Partners. Based in Long Beach, CA, City Title Loan, is a specialty finance company that provides direct-to-consumer loans.“We are...
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July 30, 2013, 07:28 AM
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Houlihan Lokey announced the completion of a senior financing for AmeriFactors Financial Group, LLC. The debt financing was provided by BB&T's Orlando office. AmeriFactors Financial Group, LLC is a specialty commercial finance company providing...
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July 29, 2013, 08:03 AM
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Fifth Street Finance Corp. has successfully closed its portfolio company acquisition of Healthcare Finance Group (HFG). Fifth Street invested $114 million to effect the acquisition, financing the purchase with available liquidity, including operating...
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June 13, 2013, 08:06 AM
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Colford Capital Holdings, a holding company that owns and manages specialty finance businesses, announced today that Stellus Capital Investment Corporation has provided Colford $25 million in the form of senior secured notes. Colford plans to deploy...
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June 13, 2013, 07:43 AM
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Capital One Bank has appointed three new managing directors to expand its Commercial Rediscount Group, part of the Commercial and Specialty Finance Group. Kevin Gibbons, David Kucera and Matthew Tallo have joined the business, which is focused on...
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April 23, 2013, 07:09 AM
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OCZ Technology Group entered into a $30 million loan and security agreement with Hercules Technology Growth Capital. This loan agreement consists of a $15 million term loan and a $15 million revolving loan facility. The company had reduced its use of...
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March 12, 2013, 07:27 AM
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Houlihan Lokey, the international investment bank, announced that it has acquired Milestone Advisors, LLC, a Washington, D.C.-based independent investment banking firm which provides mergers and acquisitions, corporate finance, and asset valuation...
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January 09, 2013, 07:48 AM
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Capital One Bank provided a $34 million construction loan to WH Hospital Property Company, to fund the conversion of an existing medical office building into an acute care hospital, Walnut Hill Physicians’ Hospital. The construction loan will convert...
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December 20, 2012, 07:04 AM
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