Wingspire Capital provided a senior secured credit facility to TAG Manufacturing , a leading designer and manufacturer of buckets, thumbs, couplers, and other specialty attachments used on construction equipment such as excavators and wheel loaders.The credit facility includes a revolver and first-out term loan as part of a broader transaction agented by Piney Lake Capital Management. The new financing gives the Chattanooga, Tennessee-based company greater liquidity and flexibility to manage its
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April 28, 2025 @ 08:00 AM
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Cadence Bank signed a definitive merger agreement with Industry Bancshares, Inc., the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner. Founded in 1911 and headquartered in Industry, Texas, Industry Bancshares operates 27 full-service branches across Central and Southeast Texas. The merger will meaningfully expand Cadence Bank's Texas presence in attractive, growing
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April 28, 2025 @ 07:55 AM
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Balbec Capital, an alternative investment manager with over $16 billion in platform assets, announced that Balbec Partner and President Peter Troisi has been appointed Chief Executive Officer, succeeding Founding Partner Charles Rusbasan, who will transition to the role of Executive Chairman alongside Chairman Warren Spector. Troisi joined Balbec at its inception in 2010 and has been a key driver in building out the firm’s investment and capital formation capabilities. He assumed the role of
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April 28, 2025 @ 07:50 AM
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MidCap Business Credit completed a $5 million asset-based credit facility with a manufacturer and distributor of battery based uninterruptible power supplies which are used for providing high quality power in harsh environments. The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT. Seth Cooper, Senior Vice President and National Sales Manager, of MidCap Business Credit, LLC, said, "We were able to provide a flexible Asset Based Credit Facility comprised of
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April 28, 2025 @ 07:45 AM
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US Capital Global announced the appointment of Jullion Taylor as Vice President at its Miami office. In this role, Taylor will lead strategic initiatives to deliver customized financial solutions, including M&A, debt and equity finance, and wealth and asset management services, to clients across the U.S. and internationally.With headquarters in San Francisco and a global footprint in key locations such as Las Vegas, Philadelphia, Miami, New York, London, and Dubai, US Capital Global is a premier
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April 28, 2025 @ 07:40 AM
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FTI Consulting appointed Josh Harris as a Senior Managing Director in the Private Equity practice within the firm’s Corporate Finance & Restructuring segment.Harris, who is based in New York, brings nearly 20 years of experience partnering with private equity firms, portfolio companies and corporate clients to unlock value across the entire deal lifecycle — from diligence and acquisition to transformation, growth and exit. Harris has specific expertise in the areas of portfolio strategy
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April 28, 2025 @ 07:30 AM
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Plug Power, a global leader in comprehensive hydrogen solutions, has signed a definitive agreement for a secured debt facility and achieved key operational and financial milestones that support its path toward profitability and long-term growth.Up to $525 Million Yorkville Credit Facility and Retirement of Dilutive DebenturePlug has signed a definitive agreement for a secured debt facility with Yorkville Advisors providing for the issuance of up to $525 million of secured debentures. The
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April 28, 2025 @ 07:00 AM
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Citizens named veteran banker Marc Lubelczyk as its New Hampshire and Vermont president, succeeding Joseph Carelli, who will retire from the bank effective May 2. A New Hampshire native, Lubelczyk began his career at Citizens in 1993 after graduating from the University of New Hampshire. Over the last 32 years, he has held roles of increasing responsibility within corporate banking, establishing a strong track record as a trusted advisor to businesses of all sizes across New England. As New
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April 25, 2025 @ 08:00 AM
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Chomps, the fastest-growing snack brand in the U.S. and maker of high-quality meat snacks, has secured a new $100 million revolving line of credit with Wells Fargo.The credit will provide Chomps with increased financial flexibility to support continued expansion across all aspects of its business. These funds will be strategically allocated to expand the company’s production capacity and capabilities, expand operations, and support ongoing retail programs and marketing initiatives."Our
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April 25, 2025 @ 07:58 AM
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MAX Surgical Specialty Management (MAX), a premier surgeon-led provider of oral and maxillofacial surgery (OMS), closed on a $77 million senior credit facility provided by Freeport Financial Partners. The financing will support the next phase of the company's strategic growth, with a focus on forming new partnerships with leading OMS practices across the Northeast."Staying close to the communities we serve is at the heart of our partnership strategy," said Mark Censoprano, Co-CEO of MAX. "This
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April 25, 2025 @ 07:50 AM
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Comerica Bank announced Matt Marchbanks has been named its Fort Worth Market President. Marchbanks will also serve as the Senior Vice President, Middle Market and Business Banking Group Manager in this footprint.As Market President, Marchbanks will manage business and community development efforts, including acquiring and strengthening relationships in Tarrant County. He will also oversee Middle Market & Business Banking relationship teams in this footprint, reporting to Brian Enzler, Director
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April 25, 2025 @ 07:45 AM
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For the U.S. technology industry, the worst-case scenario is off the table…for now. The 90-day tariff relief on certain key technology imports into the U.S.--including consumer products such as PCs, smartphones, and core IT hardware--provides short-term relief to the industry. However, the pause does not remove the uncertainty around the timing and the ultimate rates.S&P Global Ratings published, "Tariff Uncertainty Will Weigh On U.S. Tech Credit Outlooks," which details our preliminary view
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April 25, 2025 @ 07:30 AM
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Blue Point Capital Partners announced the recapitalization of Restoration Systems (RSI), a leading Minneapolis-based provider of repair and restoration services for building facades and parking ramps. The company has over 25 years of experience enabling customers across commercial, medical, educational, governmental and multi-family end markets to effectively maintain their building envelopes. Operating out of offices in Minneapolis and Milwaukee, RSI offers a comprehensive suite of services
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April 25, 2025 @ 07:00 AM
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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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