Alaska Communications, a provider of mission-critical and life-critical communications infrastructure in Alaska, announced a major financial advancement with the establishment of a new five-year $390 million senior secured credit facility. The funds will be used to repay existing debt and to further invest in expanding the company’s fiber infrastructure across the state. Bank of America and Fifth Third Bank acted as Joint Bookrunners and Joint Lead Arrangers.“This new financing represents a
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August 30, 2024 @ 08:00 AM
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First Business Bank's Accounts Receivable Financing group announced the funding of a $2 million factoring facility for a facility services provider. This new client provides various maintenance services for corporate clientele.“We are pleased to be able to support our new client as they continue on their growth track,” said Bill Elliott, President - Accounts Receivable Financing at First Business Specialty Finance, LLC, a subsidiary of First Business Bank. “In our underwriting process, we took
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August 30, 2024 @ 07:56 AM
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Best Lawyers in America has recognized 10 Moritt Hock & Hamroff lawyers in its 2025 edition. Seven lawyers were included in The Best Lawyers in America and three lawyers were included in The Best Lawyers: Ones to Watch in America.Best Lawyers in America
Ted A. Berkowitz – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation – Bankruptcy
Michael Calcagni – Litigation – Trusts and Estates
Andrew B. Eckstein – Bankruptcy and Creditor Debtor Rights /
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August 30, 2024 @ 07:48 AM
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Breslin, Young & Slaughter (BY&S) has made a significant move by expanding into Traditional Asset Based Lending due diligence. This new initiative reflects the copmpany's commitment to leveraging its experience, expertise, and dedication in the Healthcare Lending environment and applying it to the broader ABL sector. The team will be spearheaded by Randy Laughner, who brings valuable knowledge and leadership to the group, along with Dennis Koga and Bejamin Roche, both of whom add depth and
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August 30, 2024 @ 07:14 AM
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Cync Software announced the launch of Cync Syndicated Lending – a cloud-native solution designed to automate servicing of both syndicated and participation loans. The highly automated solution enables lead arrangers and agents to reduce time spent on asset monitoring and participant and loan management by 75%, while also enabling analysts to handle twice as many portfolios as they navigate the complexities inherent in syndicated lending. The solution, already in the late stages of evaluation by
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August 30, 2024 @ 07:02 AM
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CohnReznick is relocating its Dallas, Texas office operations to The Star in Frisco, Texas. The move provides greater amenities to the growing team of approximately 75 employees currently working from the firm’s office on Dallas Parkway in Dallas.The new CohnReznick office will be located at 6635 Cowboys Way, Suite 130, Frisco, TX 75034. The 12,000+ square foot space will be within The Star District which includes many shops and restaurants as well as the Cowboys Ring of Honor Walk. The location
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August 30, 2024 @ 07:00 AM
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Linda Bursic has joined Affinius Capital as Managing Director in the firm’s Global Investors Group, where she will be responsible for capital raising activities throughout North America. “Linda’s adeptness in growing and building relationships aligns perfectly with our mission to always treat our clients as partners as we collectively seek to meet and exceed their investment objectives,” said Scott Stuckman, Senior Managing Director of Affinius Capital’s Global Investors Group. “Her broad
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August 30, 2024 @ 06:00 AM
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Wingspire Equipment Finance proudly announced a significant company milestone, surpassing $2 billion in funded transactions. This landmark accomplishment underscores the company's rapid growth and dedication to providing exceptional financial solutions for its clients.Founded in 2017 by Eric Freeman, initially as Liberty Commercial Finance, the company has experienced remarkable progress and transformation. In 2021, Liberty Commercial Finance reached its first significant milestone of $1 billion
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August 29, 2024 @ 08:01 AM
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RB Global announced the appointment of Steve Lewis as Chief Operating Officer, effective Sept. 3, 2024. Lewis brings extensive senior leadership experience in operations and supply chain management, as well as a honed approach to driving business growth through operational excellence.“Steve has a proven track record of developing and deploying operating systems that support profitable growth and performance in a variety of industry verticals worldwide,” said Jim Kessler, CEO of RB Global. “His
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August 29, 2024 @ 07:55 AM
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Parafin, a leading innovator in embedded finance, closed a $93M debt facility with Jefferies and Trinity Capital. Their investment has the potential to increase to $187M. The substantial funding from Jefferies and Trinity, both known for their strategic investments in pioneering technologies, will support Parafin’s ability to offer capital to small businesses. Earlier this year, Parafin secured $125 million from Silicon Valley Bank and Trinity Capital Inc.Parafin enables platforms such as
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August 29, 2024 @ 07:50 AM
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KeyBank Community Development Financial Institutions (CDFI) Lending and Investment Group has provided a $2 million loan to C3's Impact Fund.C3 Fund is a Chicago-based CDFI that provides capital and technical assistance to BIPOC and female real estate investors looking to acquire and rehab one to four unit properties in low and moderate income areas. By providing the capital to grow and scale their businesses, C3 Fund meets the challenges small developers face operating in underserved communities
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August 29, 2024 @ 07:36 AM
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Tradewind Finance completed a $900,000 credit facility for an Indian seafood exporter specializing in frozen shrimp. The facility is providing additional working capital for the company to support their growth in line with increasing demand for their value-added shrimp product, which can come peeled, deveined and cooked.In the arrangement, the seafood company is securing pre-shipment financing from their bank and post-shipment financing from Tradewind. Added working capital and cash flow are
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August 29, 2024 @ 07:29 AM
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Bridgewater Bancshares, the parent company of Bridgewater Bank, and First Minnetonka City Bank announced the signing of a definitive merger agreement under which Bridgewater Bank would acquire First Minnetonka City Bank in an all-cash transaction.At the closing of the transaction, First Minnetonka City Bank will merge with and into Bridgewater Bank. The combined organization is expected to have approximately $4.9 billion in total assets, $4.0 billion in deposits, $3.9 billion in loan and leases
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August 29, 2024 @ 07:18 AM
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PNC Bank released findings from its second annual Financial Wellness in the Workplace Report entitled, "The Evolving Needs of the Multigenerational American Workforce," which summarizes survey data and in-depth interviews from more than 1,000 U.S. workers and more than 500 U.S. employers to better understand the financial health and wellness of today's workforce.Perhaps unsurprising in the current turbulent macroeconomic environment, the survey findings show that employers are continuing to feel
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August 29, 2024 @ 07:15 AM
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Citizens served as the exclusive financial advisor to GHK Capital Partners LP, a middle-market private equity firm based in Greenwich, CT, on its acquisition of NY-based Horizon Group.Founded in 2018, GHK is a leading middle-market private equity firm focused on making control investments in U.S.-based companies across the industrials sector with a strong presence in the logistics sector.Founded in 1970, Horizon Group is a leading global provider of specialized international freight forwarding
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August 29, 2024 @ 07:14 AM
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