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CVC Credit Prices Three CLO Transactions in a Week
February 24, 2025CVC Credit, the $46 billion global credit management business of CVC, is pleased to announce the successful pricing of Apidos LII, a new $400 million (c.€380 million) Collateralized Loan Obligation ("CLO"), along with the reset of Apidos XLII, which now totals approximately $550 million (c.€525 million).
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CIT Commercial Services Provides $100 Million in Financing to Wiesner Products, Inc.
February 24, 2025First Citizens Bank today announced that CIT Commercial Services has provided $100 million in financing to Wiesner Products, Inc., a leading designer, importer, and distributor of men’s, women’s, and children’s apparel and accessories.
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Bank of America Names Mark Kremers President of San Diego
February 24, 2025Bank of America has named Mark Kremers president of Bank of America San Diego. As president and head of the market, Kremers will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank’s eight lines of business. He succeeds Rick Bregman, who successfully led the market for 16 years and retired in December after 34 years with the company.
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HanesBrands Announces Successful Pricing of Senior Secured Term Loan B Facility
February 24, 2025HanesBrands (NYSE: HBI) today announced that it has successfully priced its senior secured term loan B facility in an aggregate principal amount of $1.1 billion (the “Term Loan B”) to replace the Company’s existing $300 million Term Loan B due 2030 (the “Existing Term Loan B”). The Term Loan B will mature seven years after the date of closing, which is expected to occur in the next few weeks
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Latham & Watkins Elects 19 New Partners
February 24, 2025Latham & Watkins LLP1 is pleased to announce that 19 counsel have been elected to the partnership, effective March 1. The counsel promotions follow the previously announced election of 24 associates to the partnership, effective January 1, 2025.
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Black Diamond Group Announces Extension and Expansion of Asset-Based Credit Facility
February 24, 2025Black Diamond Group Limited (the “Company” or “Black Diamond”) (TSX:BDI, OTCQX:BDIMF) is pleased to announce the renewal and expansion of its secured, asset-based, revolving credit facility (“Facility”).
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TAB Bank Fuels Growth for Farmers with $5 Million Financing Deal for Finance Company Specializing in Agriculture
February 24, 2025TAB Bank closed a $5 million Lender Finance facility with a Nevada-based company specializing in factoring financing for farmers, agricultural businesses and fresh produce exporters in Mexico. This partnership enables the agriculture finance company to expand its operations and empower small- to mid-size growers globally by supporting their funding needs.
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Barclays Appoints Two New Senior Hires Into Its Financial Sponsors Group
February 24, 2025Barclays announces the appointments of Isobel van Daesdonk and Scott Willard as Managing Directors within the Financial Sponsors Group. Ms. van Daesdonk and Mr. Willard will be based in New York, and will report to Christian Oberle, Head of the Americas Financial Sponsors Group at Barclays.
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Trinity Capital Inc. Provides $15 Million in Growth Capital to Cagent Vascular Inc.
February 24, 2025Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $15 million in growth capital to Cagent Vascular Inc., a leading developer of serration technology for vessel dilation in endovascular interventions. This capital augments $45 million of equity financing led by US Venture Partners in 2024.
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Ravinia Capital LLC Announces the Sale of Rōti® Modern Mediterranean
February 24, 2025Ravinia Capital LLC is pleased to announce the successful sale of Rōti® Modern Mediterranean, saving 200+ jobs and keeping the brand alive by preserving the fleet of locations in three markets.
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Supply Chain Finance Market to Reach $13.4 Billion Globally by 2031 In The Latest Research
February 20, 2025According to the report published by Allied Market Research, the global supply chain finance market generated $6 billion in 2021, and is projected to reach $13.4 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.
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SSG Advises Gibbs Die Casting in the Sale to Architect Equity
February 20, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Gibbs Die Casting Corporation (collectively “Gibbs” or the “Company”), a subsidiary of Koch Enterprises, Inc. (“KEI”), in the sale of 100% of its equity ownership interests to Architect Equity. The transaction closed in January 2025. Transaction details shall remain confidential.
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Michael Haas Joins nFusion Capital as Senior Vice President
February 20, 2025nFusion Capital announced that Michael Haas has joined their team as Senior Vice President, bringing more than two decades of senior business development experience. Based in our Phoenix, Arizona office, he will lead efforts to develop and maintain client and referral relationships as well as loan originations. He brings deep expertise in providing financial solutions with a special focus in financial sponsors, government contractors and Alaska Native Corps, Tribal Entities and Native Hawaiian Organizations.
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Porter Capital Fuels Growth with $1.25M Funding for Personal Care Brand
February 20, 2025Porter Capital is pleased to announce the successful funding of a $1.25 million credit facility to support a rapidly growing and socially conscious personal care brand. This global brand imports skincare and haircare products while driving positive change in the communities it sources from.
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National Business Capital Supports Fragrance Manufacturers’ Expansion with $10MM Subordinated Credit Facility
February 20, 2025A rapidly growing fragrance manufacturer had an opportunity to expand its sales into big box retailers, like Walmart, Target, and Costco, but needed capital to produce inventory to meet projected new channel demands. The company, having experienced success primarily through television sales, was now looking to expand into the big-box retail space and accelerate its already fast-paced growth.
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SLR Digital Finance Closes $40 Million Credit Facility for Content Streaming Platform
February 20, 2025SLR Digital Finance (“SLRDF”), the leading provider of asset-based lending solutions for the digital media industry, is pleased to announce the closing of a new senior secured credit facility for an over-the-top (OTT) streaming platform. The new facility consists of a revolving line of credit to support the platform’s working capital needs and continued growth.
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Iron Horse Welcomes Neil Wolfe as CEO
February 20, 2025Iron Horse Credit (“Iron Horse”), a non-bank lender, is pleased to announce the appointment of Neil Wolfe as CEO. A seasoned executive that will leverage more than 20 years of experience and leadership to execute on the transformation from a niche specialty finance lender to a premier commercial finance company.
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Sila Realty Trust Announces New $600 Million Revolving Credit Facility
February 19, 2025
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Nikola Initiates Comprehensive Voluntary Chapter 11 Sale Process
February 19, 2025Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced that the Company and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
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First Bank Welcomes Joe Shearin, President, Greater Richmond Market
February 19, 2025First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”) is pleased to announce the addition of Joe Shearin as President, Greater Richmond Market. Joe will lead First Bank’s strategic efforts across Richmond, Southside Virginia, and northern North Carolina.
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CVC Credit Prices Three CLO Transactions in a Week
February 24, 2025CVC Credit, the $46 billion global credit management business of CVC, is pleased to announce the successful pricing of Apidos LII, a new $400 million (c.€380 million) Collateralized Loan Obligation ("CLO"), along with the reset of Apidos XLII, which now totals approximately $550 million (c.€525 million).
-
CIT Commercial Services Provides $100 Million in Financing to Wiesner Products, Inc.
February 24, 2025First Citizens Bank today announced that CIT Commercial Services has provided $100 million in financing to Wiesner Products, Inc., a leading designer, importer, and distributor of men’s, women’s, and children’s apparel and accessories.
-
Bank of America Names Mark Kremers President of San Diego
February 24, 2025Bank of America has named Mark Kremers president of Bank of America San Diego. As president and head of the market, Kremers will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank’s eight lines of business. He succeeds Rick Bregman, who successfully led the market for 16 years and retired in December after 34 years with the company.
-
HanesBrands Announces Successful Pricing of Senior Secured Term Loan B Facility
February 24, 2025HanesBrands (NYSE: HBI) today announced that it has successfully priced its senior secured term loan B facility in an aggregate principal amount of $1.1 billion (the “Term Loan B”) to replace the Company’s existing $300 million Term Loan B due 2030 (the “Existing Term Loan B”). The Term Loan B will mature seven years after the date of closing, which is expected to occur in the next few weeks
-
Latham & Watkins Elects 19 New Partners
February 24, 2025Latham & Watkins LLP1 is pleased to announce that 19 counsel have been elected to the partnership, effective March 1. The counsel promotions follow the previously announced election of 24 associates to the partnership, effective January 1, 2025.
-
Black Diamond Group Announces Extension and Expansion of Asset-Based Credit Facility
February 24, 2025Black Diamond Group Limited (the “Company” or “Black Diamond”) (TSX:BDI, OTCQX:BDIMF) is pleased to announce the renewal and expansion of its secured, asset-based, revolving credit facility (“Facility”).
-
TAB Bank Fuels Growth for Farmers with $5 Million Financing Deal for Finance Company Specializing in Agriculture
February 24, 2025TAB Bank closed a $5 million Lender Finance facility with a Nevada-based company specializing in factoring financing for farmers, agricultural businesses and fresh produce exporters in Mexico. This partnership enables the agriculture finance company to expand its operations and empower small- to mid-size growers globally by supporting their funding needs.
-
Barclays Appoints Two New Senior Hires Into Its Financial Sponsors Group
February 24, 2025Barclays announces the appointments of Isobel van Daesdonk and Scott Willard as Managing Directors within the Financial Sponsors Group. Ms. van Daesdonk and Mr. Willard will be based in New York, and will report to Christian Oberle, Head of the Americas Financial Sponsors Group at Barclays.
-
Trinity Capital Inc. Provides $15 Million in Growth Capital to Cagent Vascular Inc.
February 24, 2025Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $15 million in growth capital to Cagent Vascular Inc., a leading developer of serration technology for vessel dilation in endovascular interventions. This capital augments $45 million of equity financing led by US Venture Partners in 2024.
-
Ravinia Capital LLC Announces the Sale of Rōti® Modern Mediterranean
February 24, 2025Ravinia Capital LLC is pleased to announce the successful sale of Rōti® Modern Mediterranean, saving 200+ jobs and keeping the brand alive by preserving the fleet of locations in three markets.
-
Supply Chain Finance Market to Reach $13.4 Billion Globally by 2031 In The Latest Research
February 20, 2025According to the report published by Allied Market Research, the global supply chain finance market generated $6 billion in 2021, and is projected to reach $13.4 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.
-
SSG Advises Gibbs Die Casting in the Sale to Architect Equity
February 20, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Gibbs Die Casting Corporation (collectively “Gibbs” or the “Company”), a subsidiary of Koch Enterprises, Inc. (“KEI”), in the sale of 100% of its equity ownership interests to Architect Equity. The transaction closed in January 2025. Transaction details shall remain confidential.
-
Michael Haas Joins nFusion Capital as Senior Vice President
February 20, 2025nFusion Capital announced that Michael Haas has joined their team as Senior Vice President, bringing more than two decades of senior business development experience. Based in our Phoenix, Arizona office, he will lead efforts to develop and maintain client and referral relationships as well as loan originations. He brings deep expertise in providing financial solutions with a special focus in financial sponsors, government contractors and Alaska Native Corps, Tribal Entities and Native Hawaiian Organizations.
-
Porter Capital Fuels Growth with $1.25M Funding for Personal Care Brand
February 20, 2025Porter Capital is pleased to announce the successful funding of a $1.25 million credit facility to support a rapidly growing and socially conscious personal care brand. This global brand imports skincare and haircare products while driving positive change in the communities it sources from.
-
National Business Capital Supports Fragrance Manufacturers’ Expansion with $10MM Subordinated Credit Facility
February 20, 2025A rapidly growing fragrance manufacturer had an opportunity to expand its sales into big box retailers, like Walmart, Target, and Costco, but needed capital to produce inventory to meet projected new channel demands. The company, having experienced success primarily through television sales, was now looking to expand into the big-box retail space and accelerate its already fast-paced growth.
-
SLR Digital Finance Closes $40 Million Credit Facility for Content Streaming Platform
February 20, 2025SLR Digital Finance (“SLRDF”), the leading provider of asset-based lending solutions for the digital media industry, is pleased to announce the closing of a new senior secured credit facility for an over-the-top (OTT) streaming platform. The new facility consists of a revolving line of credit to support the platform’s working capital needs and continued growth.
-
Iron Horse Welcomes Neil Wolfe as CEO
February 20, 2025Iron Horse Credit (“Iron Horse”), a non-bank lender, is pleased to announce the appointment of Neil Wolfe as CEO. A seasoned executive that will leverage more than 20 years of experience and leadership to execute on the transformation from a niche specialty finance lender to a premier commercial finance company.
-
Sila Realty Trust Announces New $600 Million Revolving Credit Facility
February 19, 2025
-
Nikola Initiates Comprehensive Voluntary Chapter 11 Sale Process
February 19, 2025Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced that the Company and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
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First Bank Welcomes Joe Shearin, President, Greater Richmond Market
February 19, 2025First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”) is pleased to announce the addition of Joe Shearin as President, Greater Richmond Market. Joe will lead First Bank’s strategic efforts across Richmond, Southside Virginia, and northern North Carolina.
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