Porter Capital extended a $15 million line of credit to a leading cold-rolled steel manufacturer. This partnership will provide the manufacturer with enhanced working capital to support its continued growth and operational expansion.With over 30 years of experience in providing creative financial solutions, Porter Capital is committed to helping businesses like this steel producer meet their financial needs while fostering long-term stability and success.This funding will enable the manufacturer
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September 26, 2024 @ 08:05 AM
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TAB Bank closed a $4.5 million credit facility with The Fiesta Tableware Co. of West Virginia. This partnership will ensure the American-made tableware company continues helping home chefs refresh and reinvent their table settings. The Fiesta Tableware Co., formerly known as The Homer Laughlin China Company, was established in 1871 and has been a leading producer of ceramic tableware in the United States for over a century. Based in Newell, West Virginia, The Fiesta Tableware Co. produces
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September 26, 2024 @ 08:03 AM
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Peapack-Gladstone Financial Corporation and Peapack Private, a division of Peapack-Gladstone Bank, announced that Vanessa Tortorice has joined Peapack Private’s New York City location as Senior Managing Director. Tortorice joins a team of highly-skilled commercial bankers at Peapack Private, where she will contribute to the growth of commercial and industrial business in the New York market. She is dedicated to providing tailored banking solutions to help clients achieve their long-term
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September 26, 2024 @ 08:00 AM
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Hartree Partners closed its core senior secured borrowing base revolving credit facility on September 4, 2024, totaling $4.1 billion.The $4.1 billion credit facility, which is comprised of a $2.05 billion two-year tranche and a $2.05 billion three-year tranche, also includes an accordion feature to increase the Facility up to $4.6 billion to support the Company’s liquidity needs and future growth. A diverse group of 22 banks participated in the Facility, including six new banks. The Facility was
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September 26, 2024 @ 07:58 AM
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Bloomberg reported that Blue Owl Capital led a $3.2 billion private debt financing supporting Blackstone and Vista Equity Partners’ buyout of software firm Smartsheet Inc., with 20 other lenders participating.Read the full news story on Bloomberg here.
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September 26, 2024 @ 07:50 AM
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KKR released “An Alternative Perspective: Past, Present, and Future,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).In the report, McVey and his team chart the evolution of the Private Alternatives market from its cottage industry roots in the 1970s to today’s sizeable global footprint. They also discuss why they believe disciplined portfolio construction is critical to ensuring that the Alternatives industry can deliver
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September 26, 2024 @ 07:47 AM
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Dolfin, a financial technology firm, announced $30 million in tenant improvement and equipment financing for Advanced Radiotherapy Technologies (ART Health) to support the build-out and acquisition of life-saving equipment for their new radiotherapy center in Newport Beach, CA.The innovative financing is structured as a fully amortizing, 10-year credit-based lease, offering the cancer center more efficient use of their capital. Traditionally, tenants finance needed space improvements and
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September 26, 2024 @ 07:10 AM
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Clifford Chance has advised Viking Global Investors, a global investment firm based in the United States, in acquiring a significant minority stake in Humaneva Inc., a spin-off of NEUCA S.A. Viking has also been granted a one-year option to increase its stake rateably in Humaneva. Humaneva is a provider of clinical trial solutions globally. Viking's investment in Humaneva contributes to Humaneva's long-term growth strategy, which is aimed at increased expansion in the United States and APAC and
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September 26, 2024 @ 07:00 AM
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KKR announced the final closing of KKR Ascendant Fund SCSP, a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 as part of KKR’s Americas Private Equity platform, Ascendant is the first KKR vehicle solely focused on opportunities in the middle market. The Fund will target established companies with strong growth potential across seven industry verticals: Consumer, Financial Services, Health Care, Industrials, Media, Software and Tech-Enabled
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September 25, 2024 @ 08:15 AM
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Crown Partners announced that it served as exclusive financial advisor to a sponsor-backed distributor for a wide range of home services products (the “Company”). In connection with this mandate, Crown arranged a new $75 million ABL revolver for the Company with Siena Lending Group, and restructured an existing $100 million term loan from the Company’s cash flow term lender. In closing this complex transaction, Crown aligned multiple stakeholders in generating a solution that drove $15 million
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September 25, 2024 @ 08:06 AM
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SG Credit Partners, through its SG Software + Technology division, announced its partnership with Munetrix, a leading provider of performance analytics solutions for K-12 schools. The financing provided by SG supported Munetrix’s merger with SchoolData Solutions, a top education technology company renowned for its innovative data analytics. This merger enables Munetrix and SchoolData to offer an expanded range of solutions aimed at helping school administrators, teachers, and district leaders
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September 25, 2024 @ 08:00 AM
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WhiteHawk Capital Partners, a private credit investment manager focused on asset-based financing solutions, has entered into an agreement with West Side Transport, Inc. to provide a $111 million senior secured first lien credit facility. Proceeds from the Facility were used to support EVO Transportation & Energy’s ("EVO") acquisition of West Side and provide additional working capital.Founded in 1968, and headquartered in Cedar Rapids, Iowa, West Side is a transportation, logistics and
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September 25, 2024 @ 08:00 AM
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Ares Commercial Finance provided a $30 million senior secured revolving line of credit to Shapiro Metals. The Company, based in St. Louis, Missouri, creates customized recycling programs for manufacturing partners across a broad range of industries, in addition to trading materials with consumers across the globe. Shapiro differentiates itself from competitors through its real time insight into each customer’s environmental and financial impact. Proceeds from the financing enabled the Company
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September 25, 2024 @ 07:55 AM
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NXT Capital closed a senior credit facility in support of the acquisition of Horizon Group by GHK Capital Partners LP (“GHK”). NXT Capital acted as the Co-Lead Arranger and Joint Bookrunner on this transaction.“We are happy to have successfully completed our first deal with NXT Capital. We appreciated their dedication to finding the best possible solution and their collaborative approach throughout the entire process. We look forward to working together on future deals,” said Taylor Peck, Vice
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September 25, 2024 @ 07:50 AM
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FGI Worldwide, a global leader in the commercial finance industry, announced the hiring of Sara Bell as Director, FGI Risk. Based in Los Angeles, Ms. Bell will focus on developing relationships and new business opportunities on the West Coast for FGI’s credit insurance brokerage and risk advisory division.“We are excited to have Sara join our growing team,” said Sami Altaher, President. “Her experience in trade credit insurance and finance will be instrumental to FGI Risk’s efforts as we
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September 25, 2024 @ 07:45 AM
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