Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as the Administrative and Collateral agent on a senior secured credit facility supporting Kingswood Capital Management’s acquisition of Branding Iron Holdings (“Branding Iron”).

Ciena Corporation (NYSE:CIEN), a networking systems and software services provider with a market capitalization of $12.58 billion, has refinanced its existing senior secured term loan with a new $1.16 billion loan, according to a recent SEC filing. The new loan, secured on Thursday, January 17, 2025, will mature on October 24, 2030, aligning with the maturity of the previous loan.

Dawsongroup (the ”Group”), a leading independent asset leasing business which provides a diverse range of business-critical solutions, and KKR, a leading global investment firm, today announce that KKR has entered into a binding agreement with the shareholders of Dawsongroup to acquire the Group.

The private equity owners of AlixPartners are exploring a potential sale of the US consulting firm, people with knowledge of the matter said. Caisse de dépôt et placement du Québec, Public Sector Pension Investment Board and Investcorp are working with advisers to gauge buyer interest in AlixPartners, according to the people.

Diamond Comic Distributors (“Diamond” or “the Company”), today announced that the United States Bankruptcy Court for the District of Maryland (“the Court”) has approved Diamond’s $41 million debtor-in-possession (“DIP”) financing agreement with JP Morgan Chase.

Benefit Street Partners L.L.C. (“BSP” or the “Company”) today announced the closing of a $120 million senior loan and a $15 million mezzanine loan, together aggregating a $135 million loan package, facilitating the refinancing of the Empire Hotel.

Republic Business Credit worked through the winter holiday season to fund a $750,000 factoring facility for a Northeast business consulting agency, which specializes in helping technology companies optimize revenue and operational efficiency.

Stahl, who has a combination of in-house and firm experience, joins from a prominent asset management firm where he acted as lead counsel for transactions, including securitizations, asset acquisitions, secured financings, and related regulatory and compliance matters. His experience​s pans residential mortgage-backed securities (RMBS), asset-backed securities (ABS) including auto, credit card, utilities and other consumer classes, insurance, equipment and collateralized loan obligations (CLO) asset classes.

Raymond Chun, currently Chief Operating Officer, will be appointed Group President and Chief Executive Officer (CEO) on February 1, 2025, accelerating the previously announced transition date of April 10, 2025.

Sallyport Commercial Finance is thrilled to announce a new $500,000 factoring facility for a fast-growing staffing company in the Greater Toronto Area (GTA). Referred through a trusted partner, this new client underscores Sallyport’s commitment to supporting businesses in achieving their growth ambitions.

Maxim Commercial Capital (“Maxim”) announced impressive growth during 2024, continuing a multi-year trend. The hard asset secured lender reported a 25% increase in funded deals during the year as compared to 2023. Maxim is a national provider of loans and leases from $10,000 to $3 million collateralized by class 6 and 8 trucks, trailers, heavy equipment, and real estate.

SFNet sent letters to President Trump and the 119th Congress defining the critical role our association’s members play in driving economic growth and outlining policy recommendations in support of this agenda. Our advocacy committee will be working with legislators and regulators to continue to shape outcomes in the interest of our industry.

First Business Bank's Accounts Receivable Financing group announces the funding of an $18 million ledgered line facility for a federal government contractor. The new client provides various services, such as call center operations, to several branches of the U.S. federal government.

Discounts of up to 40 percent off are available on all merchandise at 217 Ricki’s Fashions, cleo Fashions and Bootlegger Clothing stores across Canada in a major store-closing and inventory sell-off sale conducted by Tiger Group.

EBSC Lending today announced the closing of a $20 million construction loan for the development of a new ground-up luxury rental community which will feature 110 total residences with five-star service and a suite of thoughtful amenities. The first building is expected to commence construction this June, with completion projected for Summer 2027.

Dan joined Goldberg Kohn in May 2016. He represents banks, commercial finance companies, direct lenders, private credit investors and other institutional lenders in structuring, negotiating, documenting and closing a wide range of lending transactions, including acquisition financings, recapitalization financings, refinancings, working capital facilities and other complex financial arrangements requiring institutional debt.

Garrington Capital (“Garrington”), a leading secured asset-based lender providing private loans to small and medium- sized enterprises across North America, is very pleased to announce the appointment of Tammy Kemp to the position of President of Garrington.

Eclipse Business Capital LLC (“EBC”) announced that it has financed a $140 million senior secured revolving credit facility to a specialty retailer. The credit facility is secured by accounts receivable and inventory. The transaction facilitates a restructuring with the existing lenders to reduce leverage and provide for future working capital needs.

Essex Capital Group, Inc. (“Essex”) announced today that the firm recently arranged three new debt facilities for its clients. Essex Capital acted as the exclusive financial advisor for each of these transactions.

Huntington Business Credit closed $42,000,000 in new credit facilities with Rush Group Limited dba Emotiv on December 30, 2024. Proceeds of the facility were used to finance capital expenditures and working capital financing.