Houlihan Lokey announced that Brad Boggess has joined as a Managing Director in its Capital Markets Group. Based in Atlanta, Boggess will leverage his deep finance and operational expertise as well as his senior-level relationships with countless private equity and private credit managers for the benefit of the firm.Boggess joins the firm after spending the past six years at Blackstone as Head of Asset Management for Blackstone Credit and Insurance. While there, he was responsible for driving
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November 12, 2024 @ 08:15 AM
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FTR Transportation Intelligence released its Weekly Transportation Update and at the top of the list is the Trump presidency, which is expected to disrupt a number of policies affecting transportation. The Federal Reserve cut interest rates by 0.25%, while goods imports surged to a record high in September. Nonresidential construction remained flat month-over-month, and mortgage rates continued to rise for the sixth consecutive week. Diesel prices dropped, truck spot rates were mostly unchanged
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November 12, 2024 @ 08:12 AM
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Extendicare entered into a new senior secured credit facility for $275.0 million with a syndicate of Canadian chartered banks, for a term of three years. Canadian Imperial Bank of Commerce is the Administrative Agent, while CIBC and Bank of Montreal are Joint Bookrunners and Joint Lead Arrangers. The lending syndicate consists of CIBC, Bank of Montreal, Royal Bank of Canada, The Toronto-Dominion Bank and National Bank of Canada. The Senior Secured Credit Facility consists of a revolving credit
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November 12, 2024 @ 08:10 AM
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Roth Capital Partners announced the appointment of Michael Guzman and Salomon Kamalodine as Managing Directors and Co-Heads of Innovations Investment Banking.Before joining ROTH, Guzman was a Managing Director in investment banking at B. Riley Securities for 10 years, advising public and private clients on mergers and acquisitions, capital formation, and various financing transactions. Earlier in his career, he spent over 12 years at Cantor Fitzgerald, where he managed institutional accounts and
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November 12, 2024 @ 07:55 AM
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Westwood Financial, a more than 50-year-old leading retail real estate investment firm based in Los Angeles, closed on a $70 million term loan upsize to the firm’s unsecured credit facility. The upsize of Westwood Financial’s credit facility will enable the firm to significantly progress on its path to become an unsecured borrower.KeyBanc served as the agent and Capital One as the co-lead for the newly raised debt, which is a five-year term loan inclusive of two 12-month stated options in 4th
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November 12, 2024 @ 07:50 AM
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Change Capital, a national commercial finance firm headquartered in New York, announced the appointment of Bill Kirth as Senior Regional Vice President. Based in Salt Lake City, Kirth brings over 30 years of experience in business development and commercial finance, with a strong focus on sales strategy and client relationships. His expertise will play a key role in strengthening Change Capital’s efforts to enhance its presence and drive continued growth across key markets nationwide.Kirth has a
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November 12, 2024 @ 07:30 AM
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Versant Funding funded a non-recourse factoring transaction to a company which provides maintenance and repair services for state-owned properties.
The business recently won a contract with a state entity which will drastically increase revenues, but also create the need for additional working capital to cover payroll and other overhead expenses. Versant was able to quickly put a factoring facility in place to advance cash against invoices due from the state, which will provide the company with
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November 12, 2024 @ 07:14 AM
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Northern Trust Asset Management (NTAM), a global investment management firm, has named Jan Rohof as Director of Quantitative Solutions, Asia Pacific (APAC), based in Melbourne.Rohof will lead Northern Trust Asset Management’s quantitative investment solutions in the Asia-Pacific region, focused on creating high-quality, tailored investment strategies for existing and prospective clients.Rohof’s appointment is the latest in a number of appointments announced by Northern Trust Asset Management in
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November 12, 2024 @ 07:00 AM
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Ultimate Finance strengthened its Northern team as it continues its mission to be the Funding Partner of Choice and support more businesses than ever before with access to five star rated funding solutions.Earlier this year the funder promoted Michael Beer to Sales Director for the North. Having been with the business for 10 years, Beer has a wealth of experience and is extremely well respected and connected within the region.Commenting on his first six months in the role Beer said, “The North
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November 12, 2024 @ 06:00 AM
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Wingspire Capital provided a $25 million revolver to Aftermarket Performance Group (“APG”), a leading vertically integrated wholesale distributor, e-tailer, and manufacturer for performance aftermarket parts and accessories for enthusiasts in the compact performance, Jeep, off-road, and pickup truck markets and includes top brands of Northridge 4x4, Stage 3 Motorsports, PRL Motorsports, Adams Driveshaft and Rallysport Direct.Proceeds were used to refinance a previous credit facility with a bank
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November 11, 2024 @ 08:30 AM
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Prudential Financial announced the appointment of Jacques Chappuis as President and CEO of PGIM, its $1.4 trillion global investment management business, effective May 1, 2025.Chappuis will report to Andrew Sullivan, head of International Businesses and Global Investment Management for Prudential Financial, Inc. Chappuis succeeds David Hunt, who will retire as president and CEO and stay on as chairman of PGIM until July 31, 2025, remaining actively involved throughout the transition
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November 11, 2024 @ 08:24 AM
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Disc Medicine, a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for patients suffering from serious hematologic diseases, has obtained a $200 million non-dilutive term loan facility from Hercules Capital, a leader in customized debt financing for companies in the life sciences and technology-related markets. This financing provides funding options to support anticipated key catalysts, including the expected initiation of
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November 11, 2024 @ 08:08 AM
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Transom Capital Group, a private equity firm focused on operational improvements in the middle market, announced the final close of Transom Capital Fund IV at $675 million in capital commitments, more than double the size of its previous fund and exceeding its target and initial hard cap. Investors in Fund IV include endowments and foundations, corporate and public pension plans, insurance companies, funds-of-funds, and family offices. Transom also announced the closing of an additional $79.5
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November 11, 2024 @ 08:03 AM
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Dext Capital, a leading essential-use healthcare and technology equipment lessor, announced the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.Founded in 2018, Dext specializes in providing financing solutions to the healthcare and technology industries, helping customers acquire and upgrade
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November 11, 2024 @ 08:00 AM
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PPL Group executed a successful two-day auction, selling over 1,000 lots of equipment and inventory, including fabrication, welding, and laser cutting machinery, and $1.5MM+ of kitchen appliances including refrigerators, freezers, and fryers for a Florida company who was previously the largest American manufacturer of food trucks. PPL’s strategy on the equipment and inventory sales maximized the asset recovery, exceeding appraised values for the primary secured lender and PSMI lenders.
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November 11, 2024 @ 07:15 AM
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