Skylight, the company building the operating system for families, has secured a $50 million loan through an expanded partnership with SG Credit Partners and new partner Wingspire Capital. As a bootstrapped company that has achieved 99% year-over-year revenue growth, the financing will further support Skylight’s mission to meet the surging demand for its innovative technology for families. “This expanded financing represents more than just increased capital – it’s building the foundation for a
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April 04, 2025 @ 08:11 AM
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GoodPeak, a rapidly growing utility-scale battery energy storage and solar platform, closed construction credit facilities with Pathward and BridgePeak Energy Capital, enabling commencement of construction of its first two 10-MW (2-hour duration) energy storage projects near Houston, Texas. These projects, which will come online at the end of 2025, will provide critical capacity to enhance grid reliability, support renewable energy integration, and strengthen the Texas energy infrastructure.
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April 04, 2025 @ 08:10 AM
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As 2025 opened, hope for a resurgent deal market had US middle-market private equity (PE) investors forecasting a brighter outlook for transactions. Yet while prospects may have improved compared to the recent multiyear slump — offering hope for increased exit opportunities — rising volatility is clouding the outlook, with dealmakers expecting challenges to persist as regulatory and fiscal uncertainty potentially offset anticipated gains.That's according to Katten's 2025 Middle-Market Private
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April 04, 2025 @ 07:50 AM
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Rand Logistics, a leading provider of marine bulk freight shipping and logistics services throughout the Great Lakes region, announced the successful completion of a $525 million credit facility through its subsidiary, Rand ASC Holdings LLC. The refinancing, led by PNC Bank as administrative agent, was executed through a syndicate of six banks.Structured as an asset-based loan leveraging the value of Rand's active fleet, the new facility enhances the company's financial flexibility and liquidity
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April 04, 2025 @ 07:48 AM
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Mayer Brown continues to expand its complex structured financing capabilities with the addition of two lawyers—Rudgee S. Charles and Jeff O'Connor—who have joined the firm’s Banking & Finance practice. Rudgee joins the firm’s New York office as a partner. Jeff joins the firm’s Chicago office, bringing decades of securitization experience. They were both previously at Kirkland & Ellis LLP."We are delighted to welcome Rudgee and Jeff to our Banking & Finance practice,” said Brad Keck, global
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April 04, 2025 @ 07:40 AM
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Canal Road Group (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). The facility will be used to employ back leverage on CRG's private credit portfolio and complements a similar $250 million facility secured from Wells Fargo in Fall 2024. The additional financing capabilities put the firm's investment capacity at $1.5 billion supporting CRG's private corporate lending strategy which predominantly targets 1st Lien and unitranche corporate
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April 04, 2025 @ 07:35 AM
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Raistone announced a $10 million accounts receivable finance transaction with Dope Shows, a concert promoter that partners with a premier national events promoter. Dope Shows specializes in marketing and producing live music events for Millennial and Gen Z audiences, resulting in an ongoing production of high-demand events.The $10 million facility was secured in just two weeks from the time the client provided due diligence, demonstrating Raistone’s ability to act quickly and efficiently meet
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April 03, 2025 @ 08:00 AM
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Commercial chapter 11 bankruptcy filings increased 20 percent in March 2025, with filings climbing to 733 from the 611 filings registered in March 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total March commercial filings increased 10 percent to 2,727 from the 2,477 commercial filings the previous year. Small business filings, captured as subchapter V elections within chapter 11, decreased 1 percent in March 2025, to 196 from the 198
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April 03, 2025 @ 07:57 AM
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Webster Financial Corporation, the holding company for Webster Bank, announced that after 14 years with the Company, Dan Bley intends to retire from his role as Executive Vice President and Chief Risk Officer (CRO). Mr. Bley will continue to serve as the Company’s CRO until a successor is appointed and will then serve in an advisory role to ensure a smooth transition.“Dan has been instrumental in driving a strong risk culture at Webster and significantly advancing the risk management programs
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April 03, 2025 @ 07:50 AM
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Trinity Capital announced the commitment of up to $68.75 million in growth capital to CMR Surgical, a global medical devices company dedicated to transforming surgery with the Versius Surgical Robotic System (Versius), a versatile and adaptable soft-tissue surgical robot. The investment forms part of the company's recently closed financing round of more than $200 million.Headquartered in Cambridge, United Kingdom, CMR Surgical is dedicated to collaborating with surgical teams and hospital
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April 03, 2025 @ 07:46 AM
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Entrepreneur Growth Capital (“EGC”) closed a $10 million asset-based facility to one of Amazon’s leading brand developers.The credit facility provides availability against both accounts receivable and inventory and provides for a $5MM seasonal overadvance. The client is well known to EGC as it was a client for several years before graduating to a money center bank. In a bittersweet scenario, the Company had a couple of difficult years and was asked to find another lender. Dean Landis, CEO of
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April 03, 2025 @ 07:28 AM
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Rigid terms or restrictive covenants are common challenges businesses face with traditional bank lending. This was the case for Hayes Performance Systems, a sponsor-backed business seeking more liquidity.For decades, Hayes Performance Systems has been at the forefront of dry disc brake system technology for power sport vehicles, heavy equipment, and other industrial applications. In addition, Hayes Performance Systems has assembled and developed a premium family of Bicycle components, offering
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April 03, 2025 @ 07:17 AM
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Alpine Ridge Funding closed a $3 million factoring facility for an infrastructure management company. The company needed working capital to support existing purchase orders and fuel the growth for future business. Taking swift action, Alpine Ridge Funding worked closely with the company to secure the necessary financing, ensuring they could continue operations without disruption. This $3 million facility not only addresses the company’s immediate needs but also provides the resources required
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April 03, 2025 @ 07:14 AM
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Alternative Fund Advisors ("AFA") announced that the AFA Private Credit Fund has been renamed AFA Asset Based Lending Fund (AMCLX) to help investors quickly recognize the fund's strategy amid the growing number of private credit options available in the market."Asset-based lending is increasingly viewed as the next frontier of private credit," says Marco Hanig, CEO of Alternative Fund Advisors. "As investors seek to diversify their private credit portfolios, asset-based lending presents an
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April 03, 2025 @ 07:00 AM
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CIFC Asset Management and its affiliates provided a senior secured credit facility to support the refinancing of Uniloy, Inc. Uniloy is a portfolio company of Cyprium Partners and Osgood Capital. CIFC served as Agent and Sole Senior Lender for the senior secured credit facility.Founded in 1950, Uniloy is a leading provider of blow molding systems, molds and aftermarket support for customers manufacturing lightweight, monolayer containers used in the food and beverage, household cleaning/chemical
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April 03, 2025 @ 06:00 AM
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