Middle market private companies in the Golub Capital Altman Index grew earnings by 9% during the first two months of the fourth quarter of 2024. Revenue grew 6% during the same period.

Satellite communications company Ligado Networks (“Ligado”) announced today that it has entered into a comprehensive restructuring support agreement (the “Restructuring Support Agreement”) with a significant portion of its existing creditors (the “Supporting Creditors”). The Restructuring Support Agreement provides for a comprehensive balance sheet restructuring (“Restructuring”).

Willow Tree Credit Partners LP, a private credit alternatives firm, announced the closing of Willow Tree CLO II, which is a $502.3 million Collateralized Loan Obligation (CLO).

MidCap Business Credit LLC announced today that it has completed a $6 million asset-based credit facility to a manufacturer and distributor of air purifying respirators located in the Northeast. The ABL credit facility is supported by a working capital revolver and a machinery and equipment term loan.

BankFinancial, a trusted name in commercial lending with over a century of experience, proudly announces the appointment of Forrester Faia as Vice President and Regional Commercial Financial Leader for the Illinois market. This strategic addition reflects the bank’s ongoing commitment to delivering unparalleled financial solutions to middle-market businesses.

Porter Capital, a trusted leader in providing innovative financial solutions to businesses, has successfully funded $2.5 million to a prominent IT Staffing and Consulting company based in Maple Grove, Minnesota. With 27 years of expertise in the industry, the company specializes in providing cutting-edge IT staffing solutions, helping businesses across various sectors bridge talent gaps with top-tier professionals.

Dykema, a leading national law firm, today announced the addition of Paula Angelini as a Senior Counsel in the Corporate Finance Practice Group resident in the firm’s Chicago office. Angelini joins after more than 17 years in-house with Bank of America, serving most recently as Associate General Counsel & Senior Vice President - Team Leader for more than 12 years.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has elected 16 professionals to its partnership, effective February 1, 2025.

Climate First Bank (www.climatefirstbank.com), the world's first FDIC-insured digital community bank founded to combat the climate crisis, today announced a new partnership with Lake County Pride, a leading organization dedicated to supporting and advocating for the LGBTQIA+ community in Lake County, Florida. This collaboration marks a significant milestone in Climate First Bank's ongoing commitment to fostering inclusivity and supporting diverse communities.

Nassau Financial Group (“Nassau”), a leading provider of fixed annuities and asset management, and Golub Capital, a market-leading direct lender and experienced credit asset manager, have closed on their previously announced strategic partnership after satisfaction of closing conditions.

Morrison Foerster, a leading global law firm, is pleased to announce the election of 21 lawyers to the firm’s partnership, effective January 1, 2025. The class of 2025 includes lawyers from 16 practice groups.

Crestline Investors, Inc., a global alternative investment manager, today announced that it has closed Crestline Direct Lending CLO I, LLC, a $1 billion collateralized loan obligation (“Crestline CLO”). This CLO represents one of the largest new issue middle-market CLOs of 2024, which reaffirms Crestline’s position and expertise within middle-market direct lending.

Michael Barr will step down as Federal Reserve Vice Chair for Supervision on February 28, while remaining a Fed governor. This preemptive move seems aimed at avoiding conflict with the incoming Trump administration.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Administrative Agent and Sole Lender to support the leveraged buyout of Motion Sensors by Sentech, Inc., a portfolio company of Astor Place Holdings.

36th Street Capital, a prominent provider of equipment financing solutions, proudly announces the immediate appointment of Greg Stitt as Senior Vice President of Capital Markets.

Flatbay Capital announced it has provided $4.4 million to an international catalytic handler. Founded in 1973, the client is an international catalyst-handling company for the refining, chemical, petrochemical, and processing industries. They started as a relatively small business in the United States but, after a series of acquisitions, they expanded into five other countries, eventually becoming a world leader in their field.

Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $2.2MM commercial real estate loan in Atlanta, Georgia to a steel framing manufacturing company.

BizCap®, a national commercial finance and advisory firm, today announced it has successfully delivered a customized financing solution for its client, Flavor Insights. A flavor development business founded in 2016, the company partners with top food and beverage brands to provide ingredients for existing brands and collaborates with R&D teams to develop and deliver new products.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $25 million senior secured revolving credit facility with Lion Energy, LLC (“Lion”), a provider of power products such as large industrial power storage systems, portable solar generators and panels, lithium batteries, and whole-home energy backup systems.

Blank Rome LLP is pleased to announce that Clara Feldman has joined the firm as a partner in its New York office. Clara will serve as chair of the firm’s new Luxury Brands practice, comprised of Blank Rome attorneys from across the country who partner with high-end brands to provide sophisticated legal and business counsel on corporate, regulatory, and litigation matters.