U.S. Bank announced Dan Son as the new head of its Working Capital Finance division. Son replaces Sam Philbrick, who is retiring after 45 years in banking, including 18 years at U.S. Bank in which he helped grow the asset-based finance business into a top national franchise.Son will be responsible for the development, coordination and delivery of working capital solutions from across the bank for clients. The Working Capital Finance division includes several established product verticals
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April 24, 2025 @ 08:15 AM
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Tiger Capital Group’s lending platform, Tiger Finance, committed $95 million of capital in the first quarter to support an array of new clients’ strategic growth initiatives in sectors such as transportation, retail, wholesale and e-commerce. Significant financing arrangements completed by Tiger Finance in Q1 included:
a $30.0 million real estate term loan to a well-recognized department store chain;
a $27.5 million revolving line of credit to a wholesale/ecommerce furniture
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April 24, 2025 @ 08:10 AM
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Gordon Brothers has acquired SIA Group, a leading asset valuation, advisory and trading firm in the U.K. Gordon Brothers’ acquisition of SIA Group will bolster both firms’ existing capabilities in the U.K. and Europe. The combined team provides asset-focused solutions to asset-based lenders, banks, financial sponsors, restructuring and turnaround professionals, and corporate and public bodies. “We are delighted to welcome SIA Group to the Gordon Brothers organisation,” said Mark Newton-Jones
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April 24, 2025 @ 08:08 AM
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Altriarch Asset Management announced a $30 million senior credit facility, provided in partnership with Revere Capital Management, to support the acquisition of a rapidly growing provider of rent-to-own financing solutions based in the Midwest. The facility also includes a $20 million accordion feature that would expand the total commitment amount to $50 million.Founded in the early 2000’s, the Company has established itself as a leader in the rent-to-own financing space, operating in more than
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April 24, 2025 @ 08:05 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 the acquisition of Epika Fleet Services, Inc. (“Epika”) by an Ares Private Equity fund.Founded in 2016 and headquartered in Nashville, TN, Epika is a national provider of mobile-focused essential maintenance and repair services to commercial fleets. Epika operates across nearly 40 states and serves over 2,000 fleet customers. The company’s mobile-first service offerings have
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April 24, 2025 @ 08:00 AM
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Dechert LLP advised Golub Capital Partners, a market-leading direct lender and private credit manager, on a reset of Golub Capital Partners CLO 65(M)-R.The reset, the largest CLO transaction ever, is valued at US$2.494 billion and includes an equity infusion of just over US$269 million and added US$930 million in triple A notes to the stack. This more than doubles the overall capitalization of the deal to US$2.5 billion, from the US$995.5 million of the initial issue two years ago. The
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April 24, 2025 @ 07:46 AM
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nFusion Capital provided a $1 million Factoring Facility to help the owner of an excavation, site preparation, and demolition services provider launch a related company offering civil engineering solutions. Based in Nashville, Tennessee, the construction company serves the Nashville Metro area with its own skilled workforce and state-of-the-art equipment, minimizing delays, reducing change orders, and meeting tight deadlines without compromising quality.The owner needed working capital for the
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April 24, 2025 @ 07:05 AM
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With 20%-25% of US surface freight involved in international trade, tariffs are set to extend the for-hire freight recession. While recessionary effects of the trade war are still to come, we expect higher cost equipment as a result of tariffs to eventually tighten capacity and help end the long for-hire freight recession, according to the latest release of the Freight Forecast: Rate and Volume OUTLOOK report.“As Q2 begins, retail sales are still brisk as consumers snap up pre-tariff prices, but
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April 24, 2025 @ 07:00 AM
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the upsize of its leverage facility with KeyBank, one of the nation's largest bank-based financial services institutions. The leverage facility, agented by KeyBank, provides more than $700 million of capital and includes the recent additions of new lending partners, OceanFirst Bank and HomeStreet Bank.“We believe that Great Rock is well positioned to grow with a strong management team
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April 23, 2025 @ 08:15 AM
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Mountain Ridge Capital ("MRC") closed an $8.0 million senior secured credit facility to a New York-based consumer products company. The MRC facility will be utilized for working capital purposes to achieve growth/operational objectives. MRC differentiated itself from competitors by providing certainty to close in an expedited time frame.MRC’s Dan Williams stated, “This financing was a testament to MRC’s ability to execute and deliver with timing as a key consideration. We are excited for our
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April 23, 2025 @ 08:10 AM
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SC&H announced the addition of two prominent principals, Stan Mastil and Jeremy VanEtten, to its Corporate Restructuring practice. Both join with extensive experience in bankruptcy advisory services, financial forensics, and crisis management, further strengthening SC&H’s ability to serve clients in complex distress situations. Based in Wilmington, Del., and Philadelphia, Pa., respectively, Mastil and VanEtten previously worked for a financial advisory firm based in Delaware. They bring decades
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April 23, 2025 @ 08:05 AM
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Olympic Steel, a leading national metals service center, announced that it has amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030.The revolving credit facility is secured primarily by the accounts receivable, inventory, property, equipment and select real estate owned by the Company. The revolving credit facility includes an increase option of up to $200 million.After giving effect to the amendment and the
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April 23, 2025 @ 08:03 AM
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Assembled Brands Capital closed a new credit facility for Birddogs, a high-growth menswear brand known for its innovative product design and strong direct-to-consumer presence. The new facility will provide the resources needed to support the company’s continued growth, expand across wholesale channels, and capitalize on increasing demand.Founded in 2016, Birddogs has quickly evolved from a niche apparel startup into a leading brand in the men’s active and casual wear category. With a
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April 23, 2025 @ 08:02 AM
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The Secured Finance Network (SFNet) released results of its year-end factoring survey, which found a decline in factoring volume during the second half of 2024, but an overall positive sentiment moving forward in the face of economic uncertainty.The U.S. economy had a mixed start to 2025, with a strong labor market balanced by weakening consumer spending and confidence. The ongoing discussion around tariffs continues to add uncertainty, potentially slowing growth and raising inflation. Despite
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April 23, 2025 @ 08:01 AM
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CIBC Innovation Banking provided $2,500,000 in growth capital to HiringBranch. The company will use the financing to expand its market reach.HiringBranch is transforming the way enterprises and contact centres hire at scale with its tailored conversational voice and chat assessment. This approach helps reduce the number of interviews needed by automating the soft skills assessment traditionally evaluated by a person in an interview.“For too long, hiring has been driven by outdated processes and
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April 23, 2025 @ 07:56 AM
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