SG Credit Partners, through its Consumer Products division, is riding a wave of momentum from its newest partnership with Hiyo, a non-alcoholic “social tonic” using a blend of functional ingredients, including adaptogens, nootropics, and botanicals. The announcement comes shortly after Hiyo closed a Series A round led by Constellation Brands. SG’s debt facility will support the brand’s continued growth in the retail sector as more consumers consider alcohol alternatives.“We are grateful for the
Read Story
April 18, 2025 @ 08:10 AM
|
TAB Bank closed a $4 million asset-based lending (ABL) and $2.5 million equipment loan with HydroEdge Solutions, a leading water transfer and fluid management services provider for the energy industry. This capital will allow HydroEdge Solutions to expand its operations, furthering its commitment to efficiency, safety and sustainability.HydroEdge Solutions, based in Canonsburg, PA, specializes in delivering fluid management solutions, ensuring the seamless transfer of fluids from the source to
Read Story
April 18, 2025 @ 08:00 AM
|
U.S. Bancorp, parent company of U.S. Bank, announced that Adam Graves has been promoted to serve as senior executive vice president and head of enterprise strategy and administration.Graves, 47, has been the company’s head of strategy and corporate development since 2023, having previously served for five years as its head of finance strategy and corporate development. An alumnus of the University of Michigan, Graves spent the majority of his early career in positions of increasing leadership
Read Story
April 18, 2025 @ 07:55 AM
|
An industrial staffing contractor in Oklahoma has proudly served power plants, paper mills, and various industrial clients for over 24 years. Recently, the company experienced a surge in demand and required immediate working capital to meet payroll and support active and upcoming projects.The contractor financing need was particularly complex due to an active ownership transition. The incoming owners needed liquidity to maintain momentum and ensure operational stability during the transition.
Read Story
April 18, 2025 @ 07:24 AM
|
Spearmint Energy, a next-generation energy company bringing stable, secure and cost-effective energy solutions to the power grid with large scale battery storage, has successfully closed more than $250 million in financing for, and has begun construction of, Tierra Seca and Seven Flags, two 100 MW / 200 MWh Battery Energy Storage Systems (“BESS”) located in Del Rio and Laredo, respectively, within Texas’ ERCOT power market.The financing package comprises, in aggregate, $59 million in
Read Story
April 18, 2025 @ 07:06 AM
|
Castlelake, a global alternative investment manager with 20 years of experience investing in asset-based private markets, entered into an agreement with Invictus Capital Partners ("Invictus"), an alternative asset manager that specializes in residential credit, to invest in up to $2 billion in newly-originated residential mortgages. This agreement will enable Castlelake to provide its investors with exposure to what it believes to be high quality mortgage whole loans. The capital commitment
Read Story
April 18, 2025 @ 07:00 AM
|
Great Elm Commercial Finance announced the launch of a new, enhanced asset-based loan product designed to help small to middle market businesses navigate the financial strain of a higher tariff environment.“As tariff pressures continue to affect the cost of imported goods, we're introducing a loan product that provides higher advance rates on imported products and inventory,” said Michael Keller, CEO of Great Elm Commercial Finance. “This offering reflects our ongoing commitment to helping U.S.
Read Story
April 17, 2025 @ 08:15 AM
|
eCapital Corp. announced the renewal and upsizing of commitments under its core factoring facility from $725 million to $917 million. This expansion brings the company’s total bank facility commitments to just over $2.1 billion. The core facility, structured as a three-year agreement, is agented and syndicated by Wells Fargo.The $192 million increase highlights the strength of the longstanding partnership between eCapital and its bank group. As one of several key funding sources, the facility
Read Story
April 17, 2025 @ 08:08 AM
|
Crayhill Capital Management, a $3 billion alternative asset management firm specializing in asset-based finance, announced the close of Crayhill Principal Strategies Fund III (“Fund III”) with approximately $1.31 billion of capital commitments, including $162 million of committed co-investment capacity, exceeding its $1 billion target. The oversubscribed flagship Fund III attracted a diversified base of institutional investors, including large public and corporate pension plans, insurance
Read Story
April 17, 2025 @ 08:05 AM
|
Solifi, a global fintech software partner for secured finance, announced the appointment of Mike Cagle as its new Chief Financial Officer.With over 20 years of experience in financial leadership and SaaS company management, Cagle brings a great deal of knowledge and expertise to Solifi. Prior to joining the business, Cagle served as Chief Financial Officer at Smarsh, a global leader in communications data and intelligence. He has also held senior leadership positions at Veeam Software, Kabbage
Read Story
April 17, 2025 @ 08:04 AM
|
Archway Capital, a Los Angeles-based alternative investment manager focused on real estate debt investments, has announced the launch of the second vintage of its Opportunity Fund strategy. Archway Opportunity Fund II is targeting a $100 million capital raise through the end of 2026. The strategy will focus on a broad investment mandate, allowing the fund to capitalize on debt investments including senior and junior loans, preferred equity investments, and distressed opportunities/special
Read Story
April 17, 2025 @ 08:03 AM
|
Star Mountain Capital announced a record year of portfolio company realizations in 2024, with 10 successful exits across its platform.As the firm celebrates its 15th year anniversary, this milestone marks the highest level of portfolio liquidity in Star Mountain’s history, underscoring the strength and maturity of its investment strategy and platform. These realizations underscore the firm’s continued commitment to supporting the growth and success of established small and medium-sized
Read Story
April 17, 2025 @ 08:00 AM
|
NN announced the successful completion of its debt refinancing initiative, accomplished in two steps. Step One - ABL (Asset Backed Loan) Refinancing – This refinancing with PNC Bank was previously announced in January 2025:
$65 million facility
Five-year maturity to 2030
Improved collateral and borrowing amounts
$15 million capex line at ABL rates
Slightly lower rates than previous ABL
Step Two - Term Loan Refinancing – New refinancing with Marathon Asset Management:
$118 million
Read Story
April 17, 2025 @ 08:00 AM
|
CIBC Innovation Banking acted as Lead Arranger and Administrative Agent of credit facilities for Vena Solutions (“Vena”), an industry-leading Financial Planning and Analysis (FP&A) platform purpose-built to leverage the full power of the Microsoft technology ecosystem. The funding will provide Vena with the flexibility to pursue new channels for growth on its mission to help organizations and their finance teams drive long-term, sustainable growth.Existing investors include Vista Equity Partners
Read Story
April 17, 2025 @ 07:00 AM
|
Gordon Brothers has appointed Liz Blue Head of North American Business Development, Retail & Real Estate Services. In this new role, Blue oversees the Retail and Real Estate Services teams’ business development strategy and accelerates the firm’s growth in the retail sector by working in partnership with Gordon Brothers’ asset experts to provide holistic solutions to retailers across the firm’s integrated service offering all under one platform. Additionally, she builds strategic
Read Story
April 16, 2025 @ 08:15 AM
|