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Gordon Brothers Partners with NetBid to Sell Stellantis Engine Plant and Machinery
October 15, 2024Gordon Brothers, the global asset experts, has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska, Sp. z.o.o.
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T-MAX Lending LLC Provides $45 Million Loan for Renovation of 226-Unit Apartment Tower in New Orleans, LA
October 15, 2024T-MAX Lending LLC, based in San Diego, CA, has extended $45 million in financing to support the renovation of a 226-unit apartment tower in New Orleans. The loan was provided to an entity owned by Brian Pulisic, a borrower with extensive experience in value-add projects in the area.
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SFNet New Member Spotlight: KORE Capital Corporation
October 14, 2024KORE Capital Corporation assists entrepreneurs, who sell to the government or large corporations, scale their enterprise by providing short term working capital solutions in the form of factoring and asset-based lending.
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Avolon Reprices and Extends US$2.3 Billion Term Loan B Facility
October 14, 2024Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the repricing and extension of its US$2.33 billion senior secured Term Loan B-6 facility (the ‘Facility’)
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Second Avenue Capital Partners Agents a $120,000,000 Revolving Credit Facility to Support IQVentures Acquisition of The Aaron’s Company
October 14, 2024Schottenstein affiliate Second Avenue Capital Partners (“SACP”) announced it is serving as Administrative Agent on a $120,000,000 Senior Secured Revolving Line of Credit for The Aaron’s Company, Inc. (“Aaron’s” or “the Company”), an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.
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Maxim Commercial Capital Fills Capital Void in Q3 2024
October 14, 2024Maxim Commercial Capital (“Maxim”) reported robust results for the third quarter of 2024, funding nearly 80% more transactions than during Q3 2023. Despite a slow freight market, hurricane damage in the southeast, and the upcoming election, Maxim experienced a steady flow of applications from equipment vendors and finance brokers.
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True Value Company Announces Sale Agreement With Do It Best
October 14, 2024True Value Company, L.L.C. ("True Value" or the "Company"), one of the world's leading hardlines wholesalers, today announced that it has entered into an agreement to sell substantially all of the Company's business operations to home improvement industry peer Do it Best Corp.
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Dorsey Strengthens its M&A/Corporate Team with Partner Brian Moll
October 14, 2024Dorsey & Whitney LLP continues to expand its Phoenix office with the arrival of Mergers & Acquisitions + Corporate Transactional Partner Brian Moll, the international law firm announced today.
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KBRA Announces Structured Finance Senior Management Appointments
October 14, 2024KBRA is pleased to announce the following senior management appointments. Yee Cent Wong has been named Lead Analytical Manager for Structured Finance and Jack Kahan has been named Global Head of ABS and RMBS.
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Alignment Credit Provides Senior Secured Term Loan Commitment to Riverview Companies
October 14, 2024Alignment Credit, a leading provider of strategic credit solutions for growth and lower middle-market companies, acted as the sole lead arranger and administrative agent for a senior secured credit facility to Riverview Landscape Holdings LLC, d/b/a Riverview Companies (”Riverview” or the “Company”) to refinance Riverview’s previous debt facilities and provide the acquisition financing.
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Marathon Asset Management Acts as Joint Lead Arranger and Provides Senior Secured Credit Facility to Refinance Owl Cyber Defense
October 14, 2024Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to refinance Owl Cyber Defense (the “Company”), a portfolio company of DC Capital Partners.
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CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth
October 14, 2024CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.
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CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth
October 14, 2024CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.
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Eclipse Business Capital Provides $20MM ABL Credit Facility to a Fiber Optic Components Manufacturer
October 14, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $20 million ABL credit facility to a fiber optic components manufacturer. The credit facility is secured by accounts receivable and inventory. The transaction will provide growth working capital as the Company continues to expand and establish itself as a trusted partner in its industry.
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Versant Funds $1.8 Million Non-Recourse Factoring Transaction to Administrator of Adolescent Group Homes
October 14, 2024Versant Funding LLC is pleased to announce it has funded a $1.8 Million non-recourse factoring transaction to a company which administers group homes for adolescents who are victims of neglect and abuse.
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Aon and the National Center for the Middle Market Reveal Growth Trends
October 14, 2024Aon plc NYSE: AON), a leading global professional services firm, and the National Center for the Middle Market (NCMM) today announced the results of a new study, Driving Growth: The Role of People, Risk, and Technology in Middle Market Success.
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Platinum Equity's Credit Team Leads New Term Loan For Relam
October 14, 2024Platinum Equity announced today it led a new and upsized Second-Lien Term Loan ("Term Loan") for Railway Equipment Leasing and Maintenance Inc. ("RELAM") to refinance the company's existing indebtedness and support future growth of the business.
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COVU Secures an Additional $12.5 Million in Series A Funding
October 14, 2024COVU, Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million.
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Shore Capital Partners Closes on Almost $2 Billion Across Three Funds
October 14, 2024Shore Capital Partners (“Shore” or “the Firm”), a private equity firm focused on lower-middle market investments, today announced the closing of its inaugural Healthcare Advantage Fund (“Advantage Fund”), second Business Services Partners Fund (“Business Services Fund II”), and first Shore Search Partners Fund (“Search Fund”).
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FirstLight Fiber Raises $120 Million in Strategic Holdco Financing from Sixth Street and Palistar Capital
October 14, 2024FirstLight Fiber, the Northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised $120 million in new strategic debt financing. This transaction is part of a global refinancing effort this year at FirstLight and follows the five-year senior secured infrastructure debt financing package the company announced in April 2024.
-
Gordon Brothers Partners with NetBid to Sell Stellantis Engine Plant and Machinery
October 15, 2024Gordon Brothers, the global asset experts, has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska, Sp. z.o.o.
-
T-MAX Lending LLC Provides $45 Million Loan for Renovation of 226-Unit Apartment Tower in New Orleans, LA
October 15, 2024T-MAX Lending LLC, based in San Diego, CA, has extended $45 million in financing to support the renovation of a 226-unit apartment tower in New Orleans. The loan was provided to an entity owned by Brian Pulisic, a borrower with extensive experience in value-add projects in the area.
-
SFNet New Member Spotlight: KORE Capital Corporation
October 14, 2024KORE Capital Corporation assists entrepreneurs, who sell to the government or large corporations, scale their enterprise by providing short term working capital solutions in the form of factoring and asset-based lending.
-
Avolon Reprices and Extends US$2.3 Billion Term Loan B Facility
October 14, 2024Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the repricing and extension of its US$2.33 billion senior secured Term Loan B-6 facility (the ‘Facility’)
-
Second Avenue Capital Partners Agents a $120,000,000 Revolving Credit Facility to Support IQVentures Acquisition of The Aaron’s Company
October 14, 2024Schottenstein affiliate Second Avenue Capital Partners (“SACP”) announced it is serving as Administrative Agent on a $120,000,000 Senior Secured Revolving Line of Credit for The Aaron’s Company, Inc. (“Aaron’s” or “the Company”), an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.
-
Maxim Commercial Capital Fills Capital Void in Q3 2024
October 14, 2024Maxim Commercial Capital (“Maxim”) reported robust results for the third quarter of 2024, funding nearly 80% more transactions than during Q3 2023. Despite a slow freight market, hurricane damage in the southeast, and the upcoming election, Maxim experienced a steady flow of applications from equipment vendors and finance brokers.
-
True Value Company Announces Sale Agreement With Do It Best
October 14, 2024True Value Company, L.L.C. ("True Value" or the "Company"), one of the world's leading hardlines wholesalers, today announced that it has entered into an agreement to sell substantially all of the Company's business operations to home improvement industry peer Do it Best Corp.
-
Dorsey Strengthens its M&A/Corporate Team with Partner Brian Moll
October 14, 2024Dorsey & Whitney LLP continues to expand its Phoenix office with the arrival of Mergers & Acquisitions + Corporate Transactional Partner Brian Moll, the international law firm announced today.
-
KBRA Announces Structured Finance Senior Management Appointments
October 14, 2024KBRA is pleased to announce the following senior management appointments. Yee Cent Wong has been named Lead Analytical Manager for Structured Finance and Jack Kahan has been named Global Head of ABS and RMBS.
-
Alignment Credit Provides Senior Secured Term Loan Commitment to Riverview Companies
October 14, 2024Alignment Credit, a leading provider of strategic credit solutions for growth and lower middle-market companies, acted as the sole lead arranger and administrative agent for a senior secured credit facility to Riverview Landscape Holdings LLC, d/b/a Riverview Companies (”Riverview” or the “Company”) to refinance Riverview’s previous debt facilities and provide the acquisition financing.
-
Marathon Asset Management Acts as Joint Lead Arranger and Provides Senior Secured Credit Facility to Refinance Owl Cyber Defense
October 14, 2024Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to refinance Owl Cyber Defense (the “Company”), a portfolio company of DC Capital Partners.
-
CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth
October 14, 2024CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.
-
CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth
October 14, 2024CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.
-
Eclipse Business Capital Provides $20MM ABL Credit Facility to a Fiber Optic Components Manufacturer
October 14, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $20 million ABL credit facility to a fiber optic components manufacturer. The credit facility is secured by accounts receivable and inventory. The transaction will provide growth working capital as the Company continues to expand and establish itself as a trusted partner in its industry.
-
Versant Funds $1.8 Million Non-Recourse Factoring Transaction to Administrator of Adolescent Group Homes
October 14, 2024Versant Funding LLC is pleased to announce it has funded a $1.8 Million non-recourse factoring transaction to a company which administers group homes for adolescents who are victims of neglect and abuse.
-
Aon and the National Center for the Middle Market Reveal Growth Trends
October 14, 2024Aon plc NYSE: AON), a leading global professional services firm, and the National Center for the Middle Market (NCMM) today announced the results of a new study, Driving Growth: The Role of People, Risk, and Technology in Middle Market Success.
-
Platinum Equity's Credit Team Leads New Term Loan For Relam
October 14, 2024Platinum Equity announced today it led a new and upsized Second-Lien Term Loan ("Term Loan") for Railway Equipment Leasing and Maintenance Inc. ("RELAM") to refinance the company's existing indebtedness and support future growth of the business.
-
COVU Secures an Additional $12.5 Million in Series A Funding
October 14, 2024COVU, Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million.
-
Shore Capital Partners Closes on Almost $2 Billion Across Three Funds
October 14, 2024Shore Capital Partners (“Shore” or “the Firm”), a private equity firm focused on lower-middle market investments, today announced the closing of its inaugural Healthcare Advantage Fund (“Advantage Fund”), second Business Services Partners Fund (“Business Services Fund II”), and first Shore Search Partners Fund (“Search Fund”).
-
FirstLight Fiber Raises $120 Million in Strategic Holdco Financing from Sixth Street and Palistar Capital
October 14, 2024FirstLight Fiber, the Northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised $120 million in new strategic debt financing. This transaction is part of a global refinancing effort this year at FirstLight and follows the five-year senior secured infrastructure debt financing package the company announced in April 2024.
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