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Huntington Business Credit closed $21,000,000 in new credit facilities with JG Kern Enterprises on November 27, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.JG Kern Enterprises, Inc... Read Story

Filed Under: Manufacturing
December 30, 2024 @ 08:15 AM

KeyCorp announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected.  With this investment, Scotiabank now owns approximately 14.9% of... Read Story

Filed Under: Banking News
December 30, 2024 @ 08:10 AM

Chicago Atlantic and Lineage Merchant Partners announced the execution of definitive merger agreements entered into by Vireo Growth, in which Chicago Atlantic is the largest stockholder, with three leading single-state operators: Proper Cannabis... Read Story

Filed Under: Cannabis
December 30, 2024 @ 08:03 AM

TriplePoint Venture Growth BDC Corp., a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, announced the appointment of Mike L. Wilhelms as... Read Story

December 30, 2024 @ 07:51 AM

MultiPlan Corporation, a leading provider of technology and data solutions focused on cost management, improving quality and transparency in healthcare, today announced a comprehensive refinancing to extend the maturities of its entire debt capital... Read Story

Filed Under: Healthcare
December 30, 2024 @ 07:32 AM

RBB Bancorp announced that effective Jan. 1, 2025, Johnny Lee, currently President and Chief Banking Officer of Royal Business Bank, will be appointed as President of the Company, President and CEO of the Bank and a director of the Company and Bank.... Read Story

December 30, 2024 @ 05:00 AM

PennantPark Floating Rate Capital Ltd. (“PFLT”) upsized its credit facility, led by Truist Bank to $736 million from $636 million. Pricing on this facility remained unchanged at SOFR plus 225 basis points. The Credit Facility is secured by all of the... Read Story

Filed Under: Lender Finance
December 27, 2024 @ 08:10 AM

TPG Twin Brook announced the following recently closed transactions: Dunes Point Capital’s leveraged buyout of Star Dental Partners, the industry leader in to-the-trade home furnishings, distributing fabric, furniture, wall coverings, trimmings... Read Story

December 27, 2024 @ 08:05 AM

Biz2Credit unveiled its Small Business Earnings Report, a new monthly report examining the financial health of small businesses in America. The study looks at the performance of small to midsized firms in the U.S. – from early stage to established... Read Story

Filed Under: Economy
December 27, 2024 @ 08:00 AM

Growth in new business volume suggests a 0.12% increase in new durable goods orders in November. Based on the latest data from the Equipment Leasing and Finance Association’s (ELFA) CapEx Finance Index (CFI), durable goods orders are expected to grow... Read Story

December 27, 2024 @ 07:56 AM