TAB Bank closed a $13 million lender finance facility for Capital Foundry, a Pittsburgh-based specialty finance lender that provides a variety of debt and credit products as well as business consulting services to small businesses and middle-market companies. This addition to Capital Foundry resources will enable the firm to expand its lending capabilities and better serve businesses seeking financing to support growth and working capital needs.Capital Foundry offers non-dilutive credit and debt
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March 28, 2025 @ 08:15 AM
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SSG Capital Advisors (“SSG”) served as the investment banker to Blue Spark Technologies, Inc. in the sale of substantially all assets to BST Technology Acquisition, Inc. The transaction closed in March 2025.Blue Spark Technologies is a medical technology company focused on developing innovative, wearable vital sign monitoring devices. The Company’s flagship product, TempTraq®, is a wireless continuous temperature monitoring single-use patch that transmits real-time and historical data, via
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March 28, 2025 @ 08:13 AM
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Connectivity Wireless, an M|C Partners backed platform and leading provider of in-building wireless solutions, secured a $110 million senior debt facility with an additional $30 million available at a later date led by First Citizens Bank. In addition, the company received a $60 million growth investment led by Post Road Group, with participation from Boundary Street Capital, further strengthening its financial position and fueling its continued venue network growth.This strategic financing will
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March 28, 2025 @ 08:12 AM
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JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, closed a line of credit to a woman-owned, private label baking company specializing in desserts. JPC is focused on ensuring that over half of its portfolio consists of women-led companies as part of its mission to make financing more equitable. “We recognize there will be ups and downs in any business and that companies need a financing partner who is there for
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March 28, 2025 @ 08:02 AM
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Aequum Capital provided $12.5 million in credit facilities to an Illinois and Michigan based plastics manufacturer, specializing in custom blow-mold solutions. The credit facilities enable the Company to leverage working capital assets, along with machinery, equipment, and real estate to enhance the liquidity position of the business. In addition, the facilities provide a delayed draw feature to support investments in new capital equipment.Aequum was able to provide the financing despite the
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March 28, 2025 @ 08:02 AM
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Bar Louie has reached an agreement with its lender to reduce debt and support the company through a Chapter 11 restructuring plan for its 31 corporate-owned locations. Operations will continue without interruption.To facilitate the financial restructuring, Bar Louie has voluntarily filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware. This process is not expected to impact the company's day-to-day operations. Prior to the filing, Bar Louie closed
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March 28, 2025 @ 08:00 AM
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Policy shifts in the United States are driving increased uncertainty about asset performance across some structured finance sectors, Fitch Ratings says. Potential risks stem from macro-economic policies increasing pressure on U.S. consumers and from measures with sector-specific impacts.The U.S. General Services Administration (GSA) has directed most federal government agencies to terminate existing commercial property leases. As a result, U.S. CMBS loans with exposure to GSA leases face
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March 27, 2025 @ 08:14 AM
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B. Riley Financial entered into a privately negotiated exchange agreement with an institutional investor, which will reduce the Company's total outstanding debt by approximately $35 million.Pursuant to the Agreement and subject to the completion of certain closing procedures, the investor has agreed to exchange approximately $123 million in outstanding Senior Notes, consisting of approximately $86 million in 5.5% Senior Notes due March 31, 2026 and approximately $37 million in 5.0% Senior Notes
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March 27, 2025 @ 08:12 AM
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Dollar Tree announced that the Company has reached an agreement under which Brigade Capital Management, LP (“Brigade”) and Macellum Capital Management, LLC (“Macellum”) will partner to acquire the Company’s Family Dollar business segment. Family Dollar will remain headquartered in Chesapeake, Virginia.The purchase price for Family Dollar, under the terms of the agreement, is $1,007.0 million, subject to customary closing adjustments.After a thorough review of potential alternatives for the
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March 27, 2025 @ 08:11 AM
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SLR Credit Solutions (“SLR CS”) announced the closing of a $75 million senior credit facility comprised of a revolver and term loan for Stella & Chewy’s, the category leader in the raw pet food space. Stella & Chewy’s offers high-quality, raw and natural pet food made from premium, responsibly sourced ingredients. Its products are available at pet specialty retailers, grocers, and e-commerce sites. Proceeds from the transaction were used to refinance existing debt and to provide enhanced
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March 27, 2025 @ 08:10 AM
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Alvarez & Marsal announced the appointment of Mark Emerson as a Private Equity Performance Improvement (PEPI) group Managing Director. His joining demonstrates the firm’s continued commitment to deliver best-in-class finance-driven transformation strategies that accelerate value creation across every stage of the PE lifecycle. Emerson’s hire further solidifies A&M’s established position as a leading CFO Services advisor trusted by PE firms to help portfolio companies unlock value. He brings 25
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March 27, 2025 @ 08:10 AM
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Eastern Bank added Theresa Conroy as a Senior Vice President, Commercial Banking Relationship Manager. Conroy brings 20 years of commercial and industrial lending experience to Regional and Middle Market companies.“It is a pleasure to welcome Theresa Conroy to Eastern Bank’s Commercial Banking team,” said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. “She takes the time to understand the needs of her clients, is strongly committed to excellent customer
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March 27, 2025 @ 08:00 AM
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nFusion Capital recently provided a $500,000 Factoring Facility to a provider of horizontal directional drilling, boring and trenchless technology services. The Company offers a full range of trenchless services, including pipeline installation, utility relocation, and borehole drilling for various water, gas, telecom, and electrical infrastructure applications. They use advanced technology to minimize disruption and environmental impact while ensuring safety and precision in every project.With
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March 27, 2025 @ 07:27 AM
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S&P Global Ratings expects a likely downshift in U.S. GDP growth to a 1.6% quarterly average in 2025, according to Economic Outlook U.S. Q2 2025: Losing Steam Amid Shifting Policies.This comes amid a shifting policy mix that is altering the economic outlook, with the balance of risks to our growth forecast tilted to the downside. We project the U.S. unemployment rate will drift higher and peak at 4.6% by midyear 2026, with the public sector likely limiting payroll expansion, in contrast to
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March 26, 2025 @ 08:15 AM
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AlixPartners announced several new appointments to the leadership team of its market leading Turnaround & Restructuring Services (TRS) practice. As part of these changes Eric Koza has been named Global Co-Leader of Turnaround & Restructuring Services (TRS), joining Jim Mesterharm in this key market facing role. Together they will oversee a global team of 500 professionals advising distressed and underperforming companies, senior executives, boards of directors, and creditors across the globe
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March 26, 2025 @ 08:10 AM
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