Haversine Funding announced the promotion of Gen Merritt-Parikh, the company's current president, to the position of Co-Chief Executive Officer (Co-CEO), effective February 21, 2025. Merritt-Parikh, who has been instrumental in shaping the company’s strategic direction as president, will now work alongside founder & Co-CEO Stan Vukmer to drive Haversine’s continued growth and innovation in the commercial lender finance space."Gen’s leadership has been a catalyst for our success, and her
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March 03, 2025 @ 08:15 AM
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Huntington Business Credit acting as Administrative Agent, Joint Lead Arranger and Sole Bookrunner closed a $200,000,000 new credit facility with REPS & Company on February 5, 2025. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.REPS & Company, LLC, headquartered in San Diego, California, is a rapidly growing ticket brokerage firm. Huntington Business Credit provides working capital and term loan facilities to large
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March 03, 2025 @ 08:12 AM
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Culain Capital announced its strategic acquisition of Quickpay Funding, marking a significant milestone in expanding the firm’s capacity to support small and medium-sized businesses across the nation. This union amplifies both companies' abilities to deliver robust financing solutions and deepens their factoring expertise—a critical service for businesses in the logistics, transportation, service, and produce industries.By combining the strengths of Culain Capital’s extensive accounts receivable
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March 03, 2025 @ 08:10 AM
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Trinity Capital announced the appointment of John Orlando as Managing Director of Life Sciences, based in Boston. Orlando, an established leader with over a decade of experience in venture lending, has built a strong reputation as a trusted partner within the Life Sciences industry."We are thrilled to welcome John to our team," said Rob Lake, Senior Managing Director, Life Sciences at Trinity Capital. "We believe his industry experience and deep relationships will help Trinity grow our portfolio
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March 03, 2025 @ 08:03 AM
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Solifi announced the launch of the 2025 Global Leasing Report. Covering the trends, economic projections and insights into the top 50 leasing markets worldwide, the 19th edition of the report, the result of a partnership between Solifi and World Leasing Yearbook, is available to download free of charge.The Global Leasing Report highlights the industry has grown an encouraging 76% in the last decade, with new business volume increasing by 5.7% in 2023. Despite disruptions to supply chains due to
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March 03, 2025 @ 08:00 AM
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Hommocks LLC, a financial institution specializing in commodity trade finance, announced the successful closure of its first inventory finance loan to an expanding US carbon black distribution company. This milestone transaction marks a significant step in the company’s expansion into the commodity financing sector, reinforcing its commitment to supporting global trade.The transaction, valued at $0.5 million, was structured under a revolving borrowing base credit facility to enable the purchase
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March 03, 2025 @ 07:41 AM
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White Oak Commercial Finance (“WOCF”) and White Oak Europe (“WOE”), affiliates of White Oak Global Advisors (“White Oak”), announced the closing of a new multicurrency credit facility of up to $125 million USD from Wells Fargo. The new facility will allow WOCF and WOE to finance UK-and Irish-based sponsored and non-sponsored borrowers as well as UK and Irish affiliates of US borrowers. WOCF and WOE will both originate new ABL transactions that can be funded under this facility. WOCF will service
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February 28, 2025 @ 08:15 AM
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B. Riley Financial entered into a new $160 million senior secured debt facility provided by funds managed by Oaktree Capital Management.B. Riley used approximately $118 million to retire the outstanding debt under its Nomura Senior Secured Credit Agreement and the rest for working capital, including up to $35 million in respect of its portion of the loan and investment in the joint venture overseeing the liquidation of JOANN, the fabric and crafts retailer that is commencing store closing sales
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February 28, 2025 @ 08:05 AM
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SSG Capital Advisors (“SSG”) served as the investment banker to Plastic Suppliers, Inc. d/b/a Earthfirst® and its affiliates and subsidiaries (together, “Earthfirst®” or the “Company”) in the sale of substantially all assets to API Industries, Inc. d/b/a Aluf Plastics (“Aluf Plastics”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of New Jersey. The transaction closed in February 2025. Earthfirst® is a leading developer
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February 28, 2025 @ 08:00 AM
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Wingspire Equipment Finance has strengthened its seven-year relationship with a leading IT managed service provider (MSP) by providing a $30 million capital lease. This latest transaction is part of a broader financial partnership, bringing total funding to over $100 million.Since first partnering with the MSP seven years ago, Wingspire Equipment Finance has played a pivotal role in the company's financial strategy. As a trusted financial partner, Wingspire Equipment Finance delivered reliable
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February 28, 2025 @ 07:57 AM
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Porter Capital closed a $20 million factoring facility for a Dallas, TX based manufacturing company. The company has a 75-year history of producing battery chargers, jump starters, and power inverters for the automotive and industrial markets. This financing solution provides predictable cash flow, allowing the company to continue its growth and scale operations efficiently.This opportunity came through a referral from a private investment firm, underscoring Porter Capital’s strong reputation
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February 28, 2025 @ 07:49 AM
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Heritage Global Valuations (“HGV”), a division of Heritage Global, a leading appraisal and liquidation firm, announced the appointment of Ray Chen to lead business development initiatives in the Midwest region. This strategic appointment reflects Heritage Global's broader commitment to expanding its footprint in key markets, enhancing client engagement and driving long-term growth in line with its corporate objectives.In his expanded role, Chen will be primarily responsible for driving new
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February 28, 2025 @ 06:00 AM
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Centinel Spine, a global medical device company focused exclusively on treating cervical and lumbar spinal disease with the most complete and clinically-proven total disc replacement (TDR) technology platform in the world (prodisc®), entered into a senior secured loan agreement with credit funds managed by SLR Capital Partners ("SLR") to provide the Company with $60 million of capital at close and the ability to draw down up to $10 million in additional capital. The proceeds from the initial
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February 27, 2025 @ 08:09 AM
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Rosenthal & Rosenthal announced the completion of a $2.5 million combined purchase ordering financing and factoring facility to support an Arizona-based pet food and accessories company. The woman-founded and owned company had recently landed several large orders with major big box retailers, including Costco and Walmart. Although the company was initially sponsor-backed, the founders were looking for a long-term partner to support the growth of the business. Rosenthal stepped in and provided a
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February 27, 2025 @ 08:05 AM
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Citizens Asset Finance, a division of Citizens, has named Stan Walker as President, effective March 3, 2025. Walker will succeed Brent Hazzard, who had held the position since 2021 and will be transitioning to a strategic advisor role with Citizens. Walker has more than 35 years of experience in the equipment finance industry, the last 20 in senior leadership roles. He joined Citizens Asset Finance in 2018 and has been National Sales Manager for the past four years.
For more equipment finance
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February 27, 2025 @ 08:00 AM
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