The Secured Finance Network (SFNet) recently released its Q4 2024 Asset-Based Lending Index and Lender Confidence Index, offering a snapshot of a resilient ABL market.

Redaptive, a leading Energy-as-a-Service (EaaS) provider, today announced the successful closing of a $650 million (CAD 903 million) credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA.

Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or the “Company”), a leader in plant-based meat, today announced it has successfully closed on a financing facility providing up to $100 million in new senior secured debt from Unprocessed Foods, LLC (“Unprocessed Foods”), an affiliate of Ahimsa Foundation, a non-profit organization focused on advocating for plant-based diets.

Quickpay Funding has established a $2 million factoring facility for a Texas-based company specializing in the repair, inspection, and rewinding of high voltage generators. The company, which plays a vital role in maintaining critical infrastructure by supporting major turbine and hydrogenerator projects, selected Quickpay Funding to overcome cash flow challenges inherent to their industry’s extended payment terms.

Founded in 1993 and headquartered in Norco, California, the Company is a contract fabricator and installer of custom high-end architectural woodworking and millwork for commercial building projects in California, Nevada, and Hawaii. Commonly selling to general contractors, their end customers include hospitality and resort venues, schools and universities, country clubs, retirement communities, and other special projects.

Assembled Brands Capital is pleased to announce the closing of a new credit facility for Birddogs, a high-growth menswear brand known for its innovative product design and strong direct-to-consumer presence. Our new facility will provide the resources needed to support the company’s continued growth, expand across wholesale channels, and capitalize on increasing demand.

Mesirow, an independent, employee-owned financial services firm, today announced the addition of Bob Lockwood as a Managing Director in its Investment Banking group. Based in Boston, Bob will expand Mesirow's coverage in the Technology & Services sector, with a particular focus on digital marketing, advertising, and media & information technology sectors.

Bolstering the firm’s investment finance capabilities, including in private placements and private credit, Morgan Lewis welcomes back Christopher Lawrence as a partner, who will be splitting his time between Morgan Lewis’s Hartford and New York offices.

Chris Sheldon and Tal Reback published their quarterly credit letter, V for Volatility: Part II? In the note, they reflect on how volatility has returned in a more targeted way, how credit has held its ground in a shifting landscape, and why the ability to navigate across platforms and structures matters more than ever for achieving a truly diversified portfolio.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture-backed companies seeking an alternative to raising equity, today announced a recently originated $40 million senior secured term loan to Autobooks, a financial technology innovator providing integrated payment, invoicing, and accounting solutions specifically tailored for small and medium sized businesses.

MetLife's institutional asset management business announced on Wednesday the origination of $21.6B in private credit transactions in 2024.

Holland & Knight continues to strengthen its Corporate, M&A and Securities Practice Group with the addition of Hyung Soo Kim as a partner in New York. Mr. Kim will also be a key member of the Firm's Korea Practice Team. Before joining Holland & Knight, he was a partner at Arnold & Porter in its Seoul and New York offices.

Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a senior secured credit facility (the “Financing”) for Peer Advisors, parent company of Celink, the nation’s leading reverse mortgage subservicer. The Financing supports Celink’s continued ownership by private equity sponsor Further Global Capital Management (“Further Global”).

Infillion, a leading advertising technology company recognized for its modular and data-driven media solutions, has secured a $45 million asset-based revolving credit facility from SLR Digital Finance to support its continued growth and operational initiatives.

Armory Securities, LLC is pleased to announce that Revol Greens, a leading Controlled Environment Agriculture (“CEA”) greenhouse-based lettuce producer with over $200MM invested across four U.S. growing locations, has secured new financing and restructured existing indebtedness.

Barnes & Thornburg announced today that Joshua P. Hollingsworth has been appointed co-chair of the firm’s Mergers and Acquisitions practice group. Hollingsworth, is based in Indianapolis and has been with the firm since 2005. He shares co-chair duties for the M&A practice alongside Kepten Carmichael.

A long tenured and well-established NYC-based provider of plumbing and sewer services needed an innovative and flexible lender, who possessed a deep knowledge of their industry and could provide growth capital. InterNex Capital provided a $4 million senior secured financing, inclusive of a $2.5 million revolving line of credit and $1.5 million term loan.

The amended agreement increases potential borrowing from $150 million to $200 million and restructures the facilities to provide for a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan.

First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $40 million credit facility to ADC Solutions Holdings.

Monroe Capital, Sumitomo Mitsui Banking Corporation (SMBC) and MA Asset Management (part of MA Financial Group, ASX: MAF) today announced the formation of a new joint venture (“JV”), which will invest up to US$1.7 billion in senior secured loans to U.S. middle market borrowers. The JV harnesses the complementary capabilities of the three partnering institutions to establish a differentiated platform focused on the attractive middle market subset of private credit.