The following members of the American Bankruptcy Institute (ABI) were elected to leadership positions as officers and directors: Hon. Bruce A. Harwood (ret.) (San Francisco) has become ABI President for a one-year term, succeeding Christopher A. Ward of Polsinelli (Wilmington, Del.), who will now assume the position of Immediate Past President. Soneet R. Kapila of KapilaMukamal, LLP (Fort Lauderdale, Fla.) will serve as Chairman. Stephen D. Lerner of Squire Patton Boggs (Cincinnati), formerly
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April 29, 2025 @ 08:15 AM
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Legacy Corporate Lending announced the successful oversubscribed upsize of its asset-based lending (ABL) facility, from $125 million to $255 million, agented by Wells Fargo Capital Finance. This increased capacity, which is backed by a syndicate of premier banks, will support Legacy’s growth in serving the middle market ABL space in 2025 and beyond. “As we pass our second anniversary since launching, we are thrilled to receive the continued support of Wells Fargo and four new lenders to our bank
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April 29, 2025 @ 08:10 AM
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Exagen, a leading provider of autoimmune testing solutions, entered into an agreement with Perceptive Advisors LLC for a term loan credit facility of up to $75 million, with $25 million funded at closing to retire an existing debt facility and strengthen the balance sheet.“I’m pleased to announce our new debt facility with Perceptive Advisors, a highly respected life sciences investor with a deep understanding of our industry. This strategic partnership extends our amortization timeline
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April 29, 2025 @ 08:09 AM
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Post Road Equipment Finance (“PREF”, formerly known as Encina Equipment Finance) announced Jamie Herron has joined its Operations team as Senior Vice President, and Maeve Jordan has joined as Operations Analyst, both reporting to James Giaquinto, Post Road’s Senior Managing Director of Operations.In her new role, Herron will be responsible for key operations functions related to the processing of new commercial lease and loan transactions, as well as mentoring and leading Operations team members
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April 29, 2025 @ 08:07 AM
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Barnes & Thornburg announced that Ryan J. Barncastle has been named co-chair of the firm’s Private Equity practice group. Based in Los Angeles, Barncastle joined the firm in 2018, is a member of the firm’s Management Committee and will now co-lead the Private Equity practice alongside Anthony Arnold.With nearly two decades of experience, Barncastle advises private equity firms, portfolio companies, family offices and investor groups in a wide array of transactions across numerous industry
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April 29, 2025 @ 08:00 AM
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Top California Lender successfully closed a $17 million bridge loan, further solidifying its expertise in short-term financing solutions. Under the leadership of Jerry Dean, who recently took over the organization, the company continues to deliver impactful financing for its clients.This bridge loan will provide critical short-term financing for a commercial real estate project in Utah—development near Bryce Canyon, designed to capitalize on the region’s growing tourism industry. The project
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April 29, 2025 @ 07:41 AM
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Republic Business Credit has expanded its support of the temporary staffing industry nationwide with the addition of a new client, a Northeast-based IT temporary staffing firm. The founders brought decades of experience to the launch of the firm, their first entrepreneurial journey. Once it began working with Republic, the company immediately began onboarding new clients during the underwriting process with confidence that it had the right partner to support its payroll funding needs. The
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April 29, 2025 @ 07:00 AM
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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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