Wingspire Capital provided $40 million in senior secured financing to a technology firm that provides solutions for mass transportation systems.The transaction includes a $20 million revolver and a $20 million term loan. Proceeds are being used to replace a previous loan while also providing additional liquidity and growth capital with more flexible terms.“We enjoyed working with the executive team and sponsor to deliver a creative capital solution that provides flexibility and new liquidity to
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September 17, 2024 @ 08:15 AM
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Three Keys Capital Advisors announced a new agreement with Mitsubishi HC Capital America to source and advise on commercial finance transactions, as well as those in sustainable development and capital raising. Together, Three Keys and Mitsubishi HC Capital America will offer private credit and structured finance solutions to sponsor-backed and other companies across various industries in the United States and Canada. “The principals at Three Keys have worked alongside Mitsubishi HC Capital
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September 17, 2024 @ 08:12 AM
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MidCap Financial provided a senior secured credit facility to Sunshine Behavioral Health Group. Proceeds from the credit facility will refinance existing debt and support Sunshine’s growth and ongoing working capital needs.Sunshine is a behavioral health company focused on substance use disorder treatment. Sunshine offers comprehensive treatment programs that extend from detoxification to inpatient residential treatment to intensive outpatient services with a focus on underlying mental health
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September 17, 2024 @ 08:10 AM
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UMB Bank, a subsidiary of UMB Financial Corporation, announced the expansion of its CLO Trustee and Loan Administration team with the hire of Henry Brigham, Willis Hwang and David Knecht. They join a seasoned team led by Senior Vice Presidents Alex Cormas and Vincent Pham, bringing with them a wealth of expertise that will significantly enhance UMB’s capabilities in the CLO market. They will report to Pham, who is head of CLO Administration.
Brigham, team manager, leads senior relationship
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September 17, 2024 @ 08:05 AM
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ArentFox Schiff announced the addition of partner Scott B. Lepene to its Financial Restructuring & Bankruptcy practice in the firm’s New York office. Lepene has nearly two decades of experience handling matters involving insolvency and restructuring, business reorganization litigation, and distressed asset sales.“With persistently high interest rates and the looming presidential election and other factors creating economic uncertainty, we’re likely to continue to see a rise in corporate
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September 17, 2024 @ 08:03 AM
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SLR Business Credit funded a $2 million credit facility for a leading Security and Maintenance of Traffic scheduling company, 904 Security, LLC. 904 Security provides Security and Maintenance of Traffic solutions to communities throughout Florida by deploying highly trained police officers. This financial support will allow the Company to better focus on day-to-day operations and ease cash flow needs as they continue to scale the business. “Helping businesses find the right partner is
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September 17, 2024 @ 07:58 AM
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Turning Rock Partners provided $30 million of expansion capital to support the continued growth of 160 Driving Academy, the largest commercial driving training school in the U.S. 160 Driving Academy trains over 30,000 drivers annually across 150 schools operating in 44 states. Customers of the business include diversified companies across manufacturing, retail, logistics, technology and other sectors which require skilled drivers to transport critical goods across the country. 160 Driving
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September 17, 2024 @ 07:52 AM
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BizCap secured financing for Primavera Foods USA, a family-owned business with over 25 years of experience serving major food service and retail operations across the nation. They offer a diverse range of products, including traditional Italian pasta and sauces, complete meal solutions, and innovative sauces beyond Italian cuisine. With this financing, Primavera Foods USA is set to significantly boost their sales and drive substantial growth for the company.Anthony Primavera, the EVP of Business
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September 17, 2024 @ 07:20 AM
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NXT Capital closed a senior credit facility in support of Revelstoke Capital Partners’ investment in MediQuant. NXT Capital acted as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent on this transaction.Founded in 1999, MediQuant is a leader in enterprise active archiving and interoperability solutions for hospitals and health systems. The Company’s flagship product, DataArk, allows health systems to maintain access to relevant clinical, financial, and administrative data, ensuring
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September 17, 2024 @ 07:09 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Point 41 Capital Partners’ acquisitions of Georgia Water & Fire Restoration (“GWFR”) and Property Medics of Georgia (“Property Medics”). Together, they will form a new restoration services platform.Founded in 1989 and based in Cumming, GA, GWFR is a provider of property mitigation and restoration services in the greater Atlanta market, serving residential and commercial
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September 17, 2024 @ 07:08 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, eased slightly to 130.0 in the third quarter from 132.3 in the prior period on a seasonally adjusted basis. The MMBI survey results reflect solid economic and business conditions in the middle market, with large majorities of respondents expressing optimism about improvements in the economy, revenues and earnings for the remainder of 2024.“Despite noise around a
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September 16, 2024 @ 08:05 AM
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Ares Management Corporation announced the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. (“AREOF IV” or the “Fund”). Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. through equity commitments to the Fund and related transaction vehicles. This marks the largest Ares Real Estate closed-end fundraise to date and is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.The Fund
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September 16, 2024 @ 08:00 AM
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nFusion Capital provided an $8MM factoring line to a high-growth and high-tech mug and baby bottle distributor using patented temperature control technology to keep beverages at a continuously precise temperature. While preparing itself for a sale, the Company needed short-term financing to clean up its balance sheet, provide working capital and position the business for maximum value during the marketing process. Additionally, the founders were prudent business leaders who understood that there
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September 16, 2024 @ 07:55 AM
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Castlelake, a global alternative investment manager specializing in asset-based investing with nearly 20 years of experience in aircraft investing, leasing and servicing, entered into a sale-purchase agreement with Avolon, a leading global aviation finance company, for the sale of a $5 billion, 118-aircraft portfolio held by Castlelake Aviation Limited ("CA Ltd.").Castlelake established CA Ltd. in 2021 to finance modern, fuel-efficient aircraft. The entity's portfolio grew to over $5 billion of
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September 16, 2024 @ 07:48 AM
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Commercial Finance Partners (CFP) announced the recent funding of four new factoring facilities, each addressing the specific financial needs of our growing client base. These transactions highlight CFP’s expertise in navigating complex situations to deliver timely and effective funding solutions.$500,000 for a Powder Coating CompanyCFP provided a comprehensive solution to support the client’s growth by structuring an SBA loan to refinance MCA debt and offering a factoring facility to help with
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September 16, 2024 @ 07:43 AM
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