Wingspire Capital provided a $30 million revolver to Digital Media Solutions, Inc. The transaction was made in conjunction with Digital Media Solutions’ emergence from Chapter 11 bankruptcy reorganization and the completion of a court-supervised sale of substantially all of its assets to an investor group led by funds and accounts managed by BlackRock in addition to Bain Capital, Blackstone, and Abry Partners.Proceeds from the senior secured financing provide additional liquidity and flexibility
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March 17, 2025 @ 08:00 AM
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Heritage Global Capital (“HGC”), a subsidiary of Heritage Global Inc., specializing in flexible funding structures for the Accounts Receivable Management “ARM” industry, appointed Anastasia Suda as Executive Managing Director, to lead the Company’s specialty lending division.Anastasia Suda joined HGC in 2021 as Finance Manager and has over 22 years of experience in financial market research, corporate governance, and strategic decision-making. A seasoned leader, she has a strong track record of
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March 17, 2025 @ 07:56 AM
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SoFi Technologies finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, a leading asset manager with over $250 billion in assets under management. This move marks SoFi’s largest Loan Platform Business agreement to date.SoFi’s Loan Platform Business refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties. The two-year deal with Blue Owl Capital managed funds reflects the
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March 17, 2025 @ 07:49 AM
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FTR’s Trucking Conditions Index (TCI) for January fell to -2.56, reversing December’s +2.67 reading. Higher diesel prices, weak freight rates and low freight volume contributed to the decline. The only positive factor was cost of capital, while volume and utilization had minor negative effects."January proved to be tough for carriers as we anticipated. Although we still forecast an improving market for trucking companies in the months ahead, we remain very concerned that the great uncertainty
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March 17, 2025 @ 07:47 AM
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Sterling Bancorp, the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System of the Company’s sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation (“EverBank”), which is the final regulatory approval needed to complete the sale transaction. The Company announced earlier today that EverBank had received
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March 17, 2025 @ 07:45 AM
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Post Road Equipment Finance ("PREF") successfully closed a $40 million sale-leaseback transaction with a leading global manufacturer of complex engine components for the aerospace and power generation industries. The manufacturer, a key player in several critical supply chains that span an array of end markets, will use this transaction to unlock vital liquidity.The $40 million financing transaction provided additional capital needed to boost production capacity in support of newly awarded
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March 17, 2025 @ 07:42 AM
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First Bank appointed Donna Calderaro as Market Executive for its Asset-Based Lending (ABL) business. In this role, she will report to Michael Maiorino, President of ABL and Florida Commercial Banking.Since the launch of First Bank’s ABL division in 2023, Donna has played a key role in driving new business development, managing customer relationships, and mentoring the lending team. With extensive experience in secured lending, she brings deep expertise in financial structuring and risk
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March 14, 2025 @ 08:15 AM
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Axos Bank, the nationwide bank subsidiary of Axos Financial Inc., announced the launch of its Middle Market Banking Division. Led by industry veteran Kristian (Kris) Ilkov, Axos will look to capitalize on disruptions in certain industry verticals. The Middle Market Banking team will provide hands-on relationship management for clients, including tailored banking solutions for middle market clients.Serving companies with revenues between $25 million to $3 billion in healthcare, gaming, aerospace
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March 14, 2025 @ 08:14 AM
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Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced that it served as lead arranger for a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers ("Maxi"), a Housatonic Partners portfolio company. Wells Fargo continues as agent and lead to a $90.0 million revolving credit
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March 14, 2025 @ 08:10 AM
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Mitsubishi HC Capital America announced the addition of Scott Schrenker to its construction team as a Business Development Manager. This new hire aligns with the company’s growth in the construction markets and provides additional resources to extend financing services and support to valued partners and clients. In the role, Scott will be responsible for establishing new business opportunities through strategic partnerships with construction dealers and customers throughout the Northeast United
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March 14, 2025 @ 08:04 AM
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BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, provided a $35 million construction loan to Yuval Shram’s Tay Investments to build a 6-Story, 202-Unit Residential Development at 277-301 West Side Avenue in Jersey City.The lot consists of a 52,043 SF site and will include 213,282 SF of total buildable area with improvements, consisting of 202 residential units (of which 10% will be affordable), 5,800 SF of commercial space, and 100 parking spaces. The unit mix will
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March 14, 2025 @ 08:02 AM
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GA Group and A&G Real Estate Partners announced plans to auction 790 retail store leases and five distribution centers in conjunction with the wind down of operations of fabric and crafts retailer, JOANN, Inc. following its filing for Chapter 11 bankruptcy on January 15, 2025. The bid deadline for JOANN store leases and properties is April 16, 2025 and the auction is expected to take place in New York on April 22, 2025. The available leases cover a range of property types across 49 states
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March 14, 2025 @ 07:59 AM
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Alvarez & Marsal (A&M) announced the appointment of Andrew Harris as a Managing Director in its Private Equity Performance Improvement (PEPI) Group, Co-Leader of the Commercial Excellence service line, helping private equity (PE) clients uncover growth opportunities. Mr. Harris’ hire accelerates A&M’s Commercial Excellence service line in support of optimizing revenue and operating efficiencies, and spotlights the firm’s ability to address PE’s evolving need for sustainable and comprehensive
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March 14, 2025 @ 07:53 AM
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Oxford Finance announced its Board of Managers has appointed Timothy A. Lex as President and Chief Executive Officer. J. Alden Philbrick, IV, who founded the company and has served as the Company’s Chief Executive Officer since inception, will assume the role of Executive Chairman and continue as Chairman of the board.Lex has served as the Company’s Chief Operating Officer since 2007 and as a member of the board since 2016. Mr. Lex will continue to serve on the board alongside Mr. Philbrick.“I
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March 13, 2025 @ 08:15 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years. Backed by Sequoia Heritage and Brookfield Asset Management, Pinegrove is a venture investment platform with combined assets under management of greater than $10 billion that works with founders, fund
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March 13, 2025 @ 08:12 AM
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