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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Wingspire Equipment Finance provided over $20 million in equipment financing for a global leader in aviation services. The funding will support upgrading the private equity-owned company’s operational equipment. This will enhance its ability to meet increasing market demand and service new customer contracts.As one of the world’s largest providers of airport ground services and air cargo handling, the client plays a critical role in supporting airlines and airports internationally. The company
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April 23, 2025 @ 07:50 AM
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Flatbay's client is a healthcare provider that specializes in holistic medicine. This medical facility aims to change patients' overall lifestyles and eating habits. Though based in Houston, it has impacted lives state-wide. The Situation: In 2010, the founder created a small restaurant to offer healthier food options to in-house and returning patients, but it never made a significant profit. So, between 2022 and 2023, the company reinvested income from its wellness practice into branding for
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April 23, 2025 @ 07:36 AM
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Austin Financial Services (AFS), a leading nationwide provider of asset-based lending (ABL) solutions, has entered into a new strategic joint venture with Stearns Bank, a well-capitalized, employee-owned financial services institution committed to helping small businesses, entrepreneurs and communities reach their full economic potential.This strategic partnership combines Stearns Bank's well-capitalized financial infrastructure with AFS’s entrepreneurial alternative lending model. Together, the
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April 22, 2025 @ 08:10 AM
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MONTICELLOAM, LLC, a specialized multifamily and seniors housing bridge lending platform, announced the appointment of Patti Unti as Portfolio Manager, responsible for leading the development and implementation of the firm’s investment strategies.Patti Unti brings nearly three decades of commercial real estate experience across a range of disciplines, including debt, equity, asset management, structured finance, portfolio management, and investment banking.Prior to joining MONTICELLOAM, Unti
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April 22, 2025 @ 08:10 AM
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Houlihan Lokey announced that Billy Goldstein has joined as a Managing Director in its Technology Group. Based in New York, Goldstein will expand the team’s efforts across the digital infrastructure marketplace. Goldstein joins following nearly five years as a Partner and Managing Director at CDX Advisors, a technology-enhanced investment bank focused on TMT and middle-market growth companies. At CDX, he focused primarily on the digital infrastructure space, originating and advising clients in
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April 22, 2025 @ 08:00 AM
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Squire Patton Boggs announced that Gabriel Yomi Dabiri has joined the firm and will serve as Global Head of Private Credit and Direct Lending. Dabiri joins from Polsinelli, where he led the Private Credit and Cross-Border Finance practice and served as New York Office Managing Partner. “Gabriel’s addition is a coup for our firm. He greatly improves our position and will accelerate our growth in the private capital space,” said Jim Barresi, Global Head of the firm’s Financial Services Practice
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April 22, 2025 @ 07:58 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 investment in Innovative Artists Entertainment, LLC (“Innovative Artists”) by Coral Tree Partners.Founded in 1982 and headquartered in Santa Monica, CA, Innovative Artists is a talent agency that represents actors, writers, directors, comedians, voice actors, and other entertainment professionals in television, film, theater and live events. In conjunction, the company
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April 22, 2025 @ 07:52 AM
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Nomura Capital Management, a wholly owned subsidiary of Nomura Holding America Inc., announced the hiring of Ashu Pal, CFA, as Head of Portfolio Management. Pal joined NCM in April and will focus on asset allocation and manager selection within private credit as a senior portfolio manager and team leader, actively supporting the firm’s ongoing growth initiatives in the Americas.In this role, Pal will focus on optimizing NCM's existing investment strategies across private credit markets, as well
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April 22, 2025 @ 07:40 AM
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Invivyd, a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, signed a $30 million term loan facility with Silicon Valley Bank (SVB), a division of First Citizens Bank. The deal allows for drawdown of capital in the future if certain conditions and milestones are met.“We are pleased to have secured this term loan facility ahead of important anticipated catalysts, including gaining alignment with the FDA on the regulatory pathway of our pipeline
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April 22, 2025 @ 07:25 AM
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