Raistone announced a $10 million accounts receivable finance transaction with Dope Shows, a concert promoter that partners with a premier national events promoter. Dope Shows specializes in marketing and producing live music events for Millennial and Gen Z audiences, resulting in an ongoing production of high-demand events.The $10 million facility was secured in just two weeks from the time the client provided due diligence, demonstrating Raistone’s ability to act quickly and efficiently meet
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April 03, 2025 @ 08:00 AM
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Commercial chapter 11 bankruptcy filings increased 20 percent in March 2025, with filings climbing to 733 from the 611 filings registered in March 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total March commercial filings increased 10 percent to 2,727 from the 2,477 commercial filings the previous year. Small business filings, captured as subchapter V elections within chapter 11, decreased 1 percent in March 2025, to 196 from the 198
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April 03, 2025 @ 07:57 AM
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Webster Financial Corporation, the holding company for Webster Bank, announced that after 14 years with the Company, Dan Bley intends to retire from his role as Executive Vice President and Chief Risk Officer (CRO). Mr. Bley will continue to serve as the Company’s CRO until a successor is appointed and will then serve in an advisory role to ensure a smooth transition.“Dan has been instrumental in driving a strong risk culture at Webster and significantly advancing the risk management programs
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April 03, 2025 @ 07:50 AM
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Trinity Capital announced the commitment of up to $68.75 million in growth capital to CMR Surgical, a global medical devices company dedicated to transforming surgery with the Versius Surgical Robotic System (Versius), a versatile and adaptable soft-tissue surgical robot. The investment forms part of the company's recently closed financing round of more than $200 million.Headquartered in Cambridge, United Kingdom, CMR Surgical is dedicated to collaborating with surgical teams and hospital
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April 03, 2025 @ 07:46 AM
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Entrepreneur Growth Capital (“EGC”) closed a $10 million asset-based facility to one of Amazon’s leading brand developers.The credit facility provides availability against both accounts receivable and inventory and provides for a $5MM seasonal overadvance. The client is well known to EGC as it was a client for several years before graduating to a money center bank. In a bittersweet scenario, the Company had a couple of difficult years and was asked to find another lender. Dean Landis, CEO of
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April 03, 2025 @ 07:28 AM
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Rigid terms or restrictive covenants are common challenges businesses face with traditional bank lending. This was the case for Hayes Performance Systems, a sponsor-backed business seeking more liquidity.For decades, Hayes Performance Systems has been at the forefront of dry disc brake system technology for power sport vehicles, heavy equipment, and other industrial applications. In addition, Hayes Performance Systems has assembled and developed a premium family of Bicycle components, offering
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April 03, 2025 @ 07:17 AM
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Alpine Ridge Funding closed a $3 million factoring facility for an infrastructure management company. The company needed working capital to support existing purchase orders and fuel the growth for future business. Taking swift action, Alpine Ridge Funding worked closely with the company to secure the necessary financing, ensuring they could continue operations without disruption. This $3 million facility not only addresses the company’s immediate needs but also provides the resources required
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April 03, 2025 @ 07:14 AM
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Alternative Fund Advisors ("AFA") announced that the AFA Private Credit Fund has been renamed AFA Asset Based Lending Fund (AMCLX) to help investors quickly recognize the fund's strategy amid the growing number of private credit options available in the market."Asset-based lending is increasingly viewed as the next frontier of private credit," says Marco Hanig, CEO of Alternative Fund Advisors. "As investors seek to diversify their private credit portfolios, asset-based lending presents an
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April 03, 2025 @ 07:00 AM
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CIFC Asset Management and its affiliates provided a senior secured credit facility to support the refinancing of Uniloy, Inc. Uniloy is a portfolio company of Cyprium Partners and Osgood Capital. CIFC served as Agent and Sole Senior Lender for the senior secured credit facility.Founded in 1950, Uniloy is a leading provider of blow molding systems, molds and aftermarket support for customers manufacturing lightweight, monolayer containers used in the food and beverage, household cleaning/chemical
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April 03, 2025 @ 06:00 AM
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Haynes Boone welcomed Michele “Miki” Navazio, who will join Brian Sung as co-chairs of the firm’s Derivatives Practice Group, as the firm continues its strategic growth in the New York finance space. Navazio joins from Seward & Kissel LLP, bringing more than two decades of experience advising high-profile clients on derivatives and structured finance transactions.The arrival of Navazio follows the addition of seven finance attorneys in the New York office in early February, led by Partners Greg
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April 03, 2025 @ 06:00 AM
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Monroe Capital announced the closing of its partnership agreement with Wendel Group, one of Europe’s leading listed investment firms. The transaction was originally announced on October 22, 2024.Per the partnership agreement, Wendel has committed $1 billion for seed capital and GP commitments for current and future Monroe investment strategies. Wendel, jointly with a minority investment from AXA IM Prime, has purchased a 75% equity stake in Monroe. Wendel will use its significant balance sheet
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April 02, 2025 @ 08:15 AM
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Briar Capital Real Estate Fund announced the promotion of Susan Holliday to Chief Operating Officer. With over 35 years of experience in asset-based lending, Susan has demonstrated exceptional leadership, operational expertise, and a deep understanding of the industry.Having been a valuable member of the Briar Capital team since 2013, Susan’s expertise spans a wide range of roles, including most recently as Chief Credit Officer and Portfolio Manager where she was instrumental in shaping the
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April 02, 2025 @ 08:10 AM
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Targeted Lending Co., a leader in the equipment finance industry, expanded its senior credit facility with Wells Fargo Capital Finance to $75 million."This increase, along with our strong capital structure, reflects Targeted Lending's financial stability and ambitious growth trajectory," said Michael Philbin, CFO of Targeted Lending Co., LLC.Stewart Hayes, Managing Director at Wells Fargo Capital Finance shared, "We value our relationship with Targeted Lending, and are pleased to support them
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April 02, 2025 @ 08:07 AM
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BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, together with Northwind Group a Manhattan-based real estate private equity firm and debt fund manager, provided a $170 million construction loan to Haim and Rony Nortman’s Nortco Development for the construction of a new 18 story development located at 200 West 88th Street, New York, NY, 10024. The development will be comprised of 36 luxury residential units with a unit mix of three to five bedroom units. The property
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April 02, 2025 @ 08:05 AM
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nFusion Capital Finance closed an increase to its credit facility agented by Synovus Bank, through its Specialty Finance division. This raises the commitment to $125 million, with $20 million structured as an accordion, and with TAB Bank and Zions Bank remaining as co-lenders. The facility will support nFusion’s continued growth in serving borrowers and investors across a wide variety of industries. Headquartered in Austin, Texas, nFusion has sales offices across the United States.“We are
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April 02, 2025 @ 08:05 AM
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