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Newtopia Completes $2 Million Debt Financing, Assignment of Existing Senior Secured Credit Facility and Provides Corporate Update
May 14, 2025("Newtopia" or the "Company"), a tech-enabled whole health platform creating economically affordable and sustainable habits that prevent, slow and reverse metabolic disease, today announced the completion of a transaction that included (i) an aggregate $1.6 million in new senior secured debt financing (the "New Secured Funds"), and (ii) the settlement of $0.4 million in amounts owing to certain officers and directors for past services to the Company, for no cash consideration.
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Ubiquity Upsizes Construction Credit Facility to $350M to Fund Additional Expansion
May 14, 2025Ubiquity, a digital communications infrastructure owner, operator, and developer has successfully upsized its Green Construction Credit Facility to $350 million, representing an incremental $75 million in debt financing, with proceeds to be used to further expand the Company's last-mile open-access fiber networks.
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AE Industrial Partners Closes Aerospace Leasing Fund II with $418 Million in Capital Commitments
May 14, 2025AE Industrial Partners, LP (“AE Industrial”), a private investment firm specializing in National Security, Aerospace, and Industrial Services, today announced the close of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (“Aerospace Leasing Fund II”), which was oversubscribed with total capital commitments of $418 million, reflecting strong support from both existing and new investors.
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Altimmune Secures Up to $100 Million in Credit Facility from Hercules Capital
May 14, 2025Altimmune, Inc. (Nasdaq: ALT), a late clinical-stage biopharmaceutical company developing novel peptide-based therapeutics for liver and cardiometabolic diseases, today announced that it has entered into an agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in debt financing for life science companies, for up to $100 million in a credit facility, with a $15 million tranche funded at closing.
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Aztec Group Taps Industry Powerhouse Tamara Sablic to Support U.S. Client Expansion
May 14, 2025Aztec Group, a leading fund and investor services provider, has announced the appointment of Tamara Sablic as a Client Sales Director within its U.S. Commercial team. Based in New York, Tamara will be pivotal in driving the Group's client engagement and sales strategy across the region.
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Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$1.5M - Footwear
May 14, 2025Dwight Funding, a modern asset-based lender providing flexible working capital to consumer brands, announced several transactions including: a $2.0M asset-based revolving line of credit for a hot sauce and condiment brand; a $12.0M asset-based revolving line of credit for a DTC electrolyte and hydration supplement brand; a $4.0M asset-based revolving line of credit for a prestige cosmetics brand; a $2.0M asset-based revolving line of credit for a functional wellness brand offering adaptogenic mushroom products and more.
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Pyxus Upsizes Asset-Based Lending Facility with PNC Bank
May 13, 2025Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, is pleased to announce the amendment of its asset-based lending (ABL) credit facility with PNC Bank, which was initially established February 8, 2022.
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Equify Financial Welcomes Ritzon Fernandez as Senior Vice President of Sales
May 13, 2025Equify Financial is proud to announce the appointment of Ritzon Fernandez as Senior Vice President of Sales. Fernandez offers a demonstrated history of success in commercial equipment finance and asset-based lending, complemented by extensive leadership experience overseeing regional sales operations.
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SurgePays Announces $7 Million Debt Financing to Accelerate Growth
May 13, 2025SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point-of-sale technology company, today announced that it has entered into a $7 million senior secured convertible note (the "Note") agreement with a current institutional shareholder.
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Versant Funds $30 Million Non-Recourse Factoring Facility to Furniture Manufacturer and Distributor
May 13, 2025Versant Funding LLC is pleased to announce it has funded a $30 million non-recourse factoring facility to a company that manufactures and distributes furniture to major brick-and-mortar as well as on-line retailers.
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EY US Unveils Norma Kuntz of Gordon Brothers as an Entrepreneur Of The Year® 2025 New England Award Finalist
May 13, 2025Ernst & Young LLP (EY US) has announced the finalists for the prestigious Entrepreneur Of The Year 2025 New England Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors bold entrepreneurs whose innovations shape the future and pave the way for a thriving economy and a hopeful tomorrow.
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Sallyport Commercial Finance Provides $250,000 for a Growing IT and Technical Staffing Business
May 13, 2025Sallyport Commercial Finance announced it has provided a $250,000 accounts receivable financing facility for a growing IT and technical staffing business. The facility will help meet the rising payroll demands of their temporary workforce. The client, introduced to Sallyport by our valued partners at Northrim Funding Services, is forecasting strong near-term growth and is targeting $1M+ in revenue by 2026.
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HOMIE Enters Strategic Partnership with Climate First Bank to Deliver Accessible Energy Solutions
May 13, 2025HOMIE, the new company delivering healthy home solutions for everyday people, has announced a strategic partnership with Climate First Bank, a mission-driven financial institution committed to sustainability.
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Private Credit Is Insulated But Not Immune From Tariff Risk
May 13, 2025A new era of uncertainty will test resilience of direct lending portfolios. S&P Global Ratings anticipates the immediate impact of the Trump administration’s tariff policy will be contained for direct lending portfolios due to their predominantly domestic focus and emphasis on services.
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Fusion Connect Secures $85M Term Loan from Hark Capital to Fuel Strategic Growth
May 13, 2025Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.
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Fusion Connect Secures $85M Term Loan from Hark Capital to Fuel Strategic Growth
May 12, 2025Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.
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Kirkland's, Inc. and Beyond, Inc. Strengthen Strategic Partnership with Clear Vision for Future; Closes $5.2 Million Expansion of Credit Agreement
May 12, 2025Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's" or the "Company"), a specialty retailer of home décor and furnishings, today announced the closing of a $5.2 million expansion of the existing credit agreement with Beyond, Inc. ("Beyond"). The upsized facility strengthens Kirkland's financial position, providing flexibility for general working capital purposes and support for the Company's updated store conversion strategy.
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Utica Funds $3.1 Million Capital Lease for Oilfield Services and Aggregates Provider
May 12, 2025Utica is pleased to announce the closing of a $3,100,000 Capital Lease for a Permian Basin oilfield services and aggregates provider. Secured by heavy construction machinery, site‑development equipment, and aggregate processing assets, this transaction enables the company to refinance existing debt and strengthen its working‑capital position.
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Great Rock Capital Agents $130 Million Revolver for Panavision Inc.
May 12, 2025Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has agented a $130 million senior secured revolving credit facility for Panavision Inc. (“Panavision”). Panavision, a sponsor-owned company, is a premier global provider of high-precision cinema lenses, cameras, lighting equipment, and post-production services for the motion picture, television, and commercial markets.
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Gibraltar Expands Business Development Team with Midwest SVP, Andrew Gustin
May 12, 2025Gibraltar Business Capital is pleased to announce that Andrew Gustin has joined as SVP of our Midwest Region. Andrew will lead origination activities across the Midwest to support GBC’s strategic expansion, offering asset-based loans between $10MM and $100MM to businesses looking for non-dilutive capital.
-
Newtopia Completes $2 Million Debt Financing, Assignment of Existing Senior Secured Credit Facility and Provides Corporate Update
May 14, 2025("Newtopia" or the "Company"), a tech-enabled whole health platform creating economically affordable and sustainable habits that prevent, slow and reverse metabolic disease, today announced the completion of a transaction that included (i) an aggregate $1.6 million in new senior secured debt financing (the "New Secured Funds"), and (ii) the settlement of $0.4 million in amounts owing to certain officers and directors for past services to the Company, for no cash consideration.
-
Ubiquity Upsizes Construction Credit Facility to $350M to Fund Additional Expansion
May 14, 2025Ubiquity, a digital communications infrastructure owner, operator, and developer has successfully upsized its Green Construction Credit Facility to $350 million, representing an incremental $75 million in debt financing, with proceeds to be used to further expand the Company's last-mile open-access fiber networks.
-
AE Industrial Partners Closes Aerospace Leasing Fund II with $418 Million in Capital Commitments
May 14, 2025AE Industrial Partners, LP (“AE Industrial”), a private investment firm specializing in National Security, Aerospace, and Industrial Services, today announced the close of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (“Aerospace Leasing Fund II”), which was oversubscribed with total capital commitments of $418 million, reflecting strong support from both existing and new investors.
-
Altimmune Secures Up to $100 Million in Credit Facility from Hercules Capital
May 14, 2025Altimmune, Inc. (Nasdaq: ALT), a late clinical-stage biopharmaceutical company developing novel peptide-based therapeutics for liver and cardiometabolic diseases, today announced that it has entered into an agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in debt financing for life science companies, for up to $100 million in a credit facility, with a $15 million tranche funded at closing.
-
Aztec Group Taps Industry Powerhouse Tamara Sablic to Support U.S. Client Expansion
May 14, 2025Aztec Group, a leading fund and investor services provider, has announced the appointment of Tamara Sablic as a Client Sales Director within its U.S. Commercial team. Based in New York, Tamara will be pivotal in driving the Group's client engagement and sales strategy across the region.
-
Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$1.5M - Footwear
May 14, 2025Dwight Funding, a modern asset-based lender providing flexible working capital to consumer brands, announced several transactions including: a $2.0M asset-based revolving line of credit for a hot sauce and condiment brand; a $12.0M asset-based revolving line of credit for a DTC electrolyte and hydration supplement brand; a $4.0M asset-based revolving line of credit for a prestige cosmetics brand; a $2.0M asset-based revolving line of credit for a functional wellness brand offering adaptogenic mushroom products and more.
-
Pyxus Upsizes Asset-Based Lending Facility with PNC Bank
May 13, 2025Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, is pleased to announce the amendment of its asset-based lending (ABL) credit facility with PNC Bank, which was initially established February 8, 2022.
-
Equify Financial Welcomes Ritzon Fernandez as Senior Vice President of Sales
May 13, 2025Equify Financial is proud to announce the appointment of Ritzon Fernandez as Senior Vice President of Sales. Fernandez offers a demonstrated history of success in commercial equipment finance and asset-based lending, complemented by extensive leadership experience overseeing regional sales operations.
-
SurgePays Announces $7 Million Debt Financing to Accelerate Growth
May 13, 2025SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point-of-sale technology company, today announced that it has entered into a $7 million senior secured convertible note (the "Note") agreement with a current institutional shareholder.
-
Versant Funds $30 Million Non-Recourse Factoring Facility to Furniture Manufacturer and Distributor
May 13, 2025Versant Funding LLC is pleased to announce it has funded a $30 million non-recourse factoring facility to a company that manufactures and distributes furniture to major brick-and-mortar as well as on-line retailers.
-
EY US Unveils Norma Kuntz of Gordon Brothers as an Entrepreneur Of The Year® 2025 New England Award Finalist
May 13, 2025Ernst & Young LLP (EY US) has announced the finalists for the prestigious Entrepreneur Of The Year 2025 New England Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors bold entrepreneurs whose innovations shape the future and pave the way for a thriving economy and a hopeful tomorrow.
-
Sallyport Commercial Finance Provides $250,000 for a Growing IT and Technical Staffing Business
May 13, 2025Sallyport Commercial Finance announced it has provided a $250,000 accounts receivable financing facility for a growing IT and technical staffing business. The facility will help meet the rising payroll demands of their temporary workforce. The client, introduced to Sallyport by our valued partners at Northrim Funding Services, is forecasting strong near-term growth and is targeting $1M+ in revenue by 2026.
-
HOMIE Enters Strategic Partnership with Climate First Bank to Deliver Accessible Energy Solutions
May 13, 2025HOMIE, the new company delivering healthy home solutions for everyday people, has announced a strategic partnership with Climate First Bank, a mission-driven financial institution committed to sustainability.
-
Private Credit Is Insulated But Not Immune From Tariff Risk
May 13, 2025A new era of uncertainty will test resilience of direct lending portfolios. S&P Global Ratings anticipates the immediate impact of the Trump administration’s tariff policy will be contained for direct lending portfolios due to their predominantly domestic focus and emphasis on services.
-
Fusion Connect Secures $85M Term Loan from Hark Capital to Fuel Strategic Growth
May 13, 2025Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.
-
Fusion Connect Secures $85M Term Loan from Hark Capital to Fuel Strategic Growth
May 12, 2025Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.
-
Kirkland's, Inc. and Beyond, Inc. Strengthen Strategic Partnership with Clear Vision for Future; Closes $5.2 Million Expansion of Credit Agreement
May 12, 2025Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's" or the "Company"), a specialty retailer of home décor and furnishings, today announced the closing of a $5.2 million expansion of the existing credit agreement with Beyond, Inc. ("Beyond"). The upsized facility strengthens Kirkland's financial position, providing flexibility for general working capital purposes and support for the Company's updated store conversion strategy.
-
Utica Funds $3.1 Million Capital Lease for Oilfield Services and Aggregates Provider
May 12, 2025Utica is pleased to announce the closing of a $3,100,000 Capital Lease for a Permian Basin oilfield services and aggregates provider. Secured by heavy construction machinery, site‑development equipment, and aggregate processing assets, this transaction enables the company to refinance existing debt and strengthen its working‑capital position.
-
Great Rock Capital Agents $130 Million Revolver for Panavision Inc.
May 12, 2025Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has agented a $130 million senior secured revolving credit facility for Panavision Inc. (“Panavision”). Panavision, a sponsor-owned company, is a premier global provider of high-precision cinema lenses, cameras, lighting equipment, and post-production services for the motion picture, television, and commercial markets.
-
Gibraltar Expands Business Development Team with Midwest SVP, Andrew Gustin
May 12, 2025Gibraltar Business Capital is pleased to announce that Andrew Gustin has joined as SVP of our Midwest Region. Andrew will lead origination activities across the Midwest to support GBC’s strategic expansion, offering asset-based loans between $10MM and $100MM to businesses looking for non-dilutive capital.
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