Blank Rome LLP is pleased to announce that Stephen “Steve” C. Koval has joined the firm’s New York office as a partner in the Corporate, M&A, and Securities group. A well-known dealmaker, Steve focuses his practice on structuring and negotiating complex business and private equity (“PE”) transactions, including public and private mergers, acquisitions, divestitures, carveouts, and recapitalizations.

First Citizens Bank today announced that its Healthcare Finance division has provided more than $30 million in financing to Stockdale Capital Partners for its acquisition of medical outpatient buildings in California and Texas.

MONTICELLOAM, LLC (“MonticelloAM”), has announced the closing of a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities.

Optimism about the dealmaking environment has reached a five-year high, according to Citizens’ 2025 M&A Outlook. The 14th annual survey of 400 leaders at U.S. middle-market companies and private equity firms revealed that 54% of decision-makers believe the current M&A environment is strong.

First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $30 million revolving credit facility to Ice Services LLC, a distributor of cellular phones and related wireless items and services.

Ocorian, market leader in asset servicing for private markets and corporate and fiduciary administration, has added Lynne Westbrook as Head of Fund Services Dallas, to the team, as it continues to expand its business in the US.

A Tiger Group live webcast auction on Jan. 16 will feature more than 50 new and late-model trucking assets—both tractor trucks from well-known makers such as International, Peterbilt, Freightliner, Paccar, Kenworth and Daimler, and reefer and dry van trailers from CIMC, Great Dane, Hyundai, Utility and Wabash.

​MidOcean Partners (“MidOcean”), a premier alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital, announced today that it led a $197.5 million structured equity investment in OWN Equipment Fund I LLC, a newly formed special-purpose vehicle.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, today announced a $131 million financing commitment to VertexOne.

Huntington National Bank's commercial banking segment continues to expand its corporate, specialty and government banking business with the addition of two industry verticals: the Financial Institutions Group and the Aerospace & Defense Group.

Winston & Strawn announced today the addition of Juan M. Delgado as a partner in the firm’s growing Miami office. He joins the Transactions Department, where he will focus his practice on advising multinational clients on cross-border transactions throughout Latin America and the United States.

OnPay, a US-based invoice payments specialist, is set to expand its suite of payroll, HR and benefits solutions after securing more than $100 million in fresh funding. The funding includes $63 million in Series B equity financing, and a debt facility with MC Credit Partners, the value of which has not been disclosed.

Horizon Technology Finance Corporation, an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $35 million venture loan facility to Onkos Surgical (“Onkos”), of which $30 million has been initially funded.

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.