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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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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