Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it provided a $40 million asset-based credit facility to National Christmas Products, LLC (“NCP” or the “Company”), a leading wholesaler and e-commerce distributor of artificial Christmas trees, wreaths, garlands, and seasonal décor throughout North America.

Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger in a senior debt financing to support River Associates’ leveraged buyout of Horsepower Automotive Group. Abacus Finance Group also made an equity co-investment in Horsepower Automotive Group.

Wingspire Capital is pleased to announce it has provided $45 million in first-out secured financing to a leading provider of metal surface finishing solutions for mission-critical components.

The State of California is on the cusp of adopting the annex legislation that directly affects commercial financing providers who make loans and advances to small businesses located in California. This legislation has passed both the California State Assembly and State Senate and is on the Governor’s “desk” for signature or veto.

Franklin Capital Network, a leading provider of flexible working capital solutions to growing businesses, is pleased to announce the addition of Gammie Chung as Vice President, Head of A/R Administration. Chung brings 20 years of commercial finance experience to Franklin, with extensive expertise in factoring, asset-based lending, credit, underwriting, portfolio management, and client relationship strategy.

Crescent Capital Group LP (“Crescent”), one of the leading alternative credit investment firms, announced today the final close of its second captive collateralized loan obligation (CLO) equity fund, Crescent CLO Equity Funding II, with $232 million in commitments. The fund doubled the size of its predecessor, Crescent CLO Equity Funding I, which closed in 2018 with $103 million in commitments.

Honigman LLP announced today that Seth Darmstadter joined the firm as a partner in the Private Equity Litigation Practice Group of the Litigation Department. Seth comes to Honigman from Raines Feldman Littrell, where he was co-chair of its Litigation Department and managing partner of the firm’s Chicago office.

Womble Bond Dickinson announced today that Mark Eckard has joined the firm's Finance, Bankruptcy and Restructuring Group as a partner in the Wilmington office. Eckard represents debtors, creditors' committees, secured lenders, directors and officers, landlords, and unsecured creditors in the full range of matters that arise around distressed companies.

Porter Capital Corporation, a leading provider of working capital solutions, announced the closing of a $10 million non-notification factoring facility for a family-owned seafood importer and processor with more than two decades in business.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) (“Perma-Pipe” or the “Company”), a leading global provider of engineered piping and leak detection solutions for energy, infrastructure and industrial markets, today announced the closing of a new global credit facility with J.P. Morgan consists of a $75.0 million revolving credit facility and a $14.0 million term loan facility, and allows the Company access to an additional $50.0 million in incremental capacity

Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced that it has entered into $600 million of committed senior secured credit facilities, consisting of a $100 million revolving credit facility and $500 million letter of credit facility

Velocity Financial, Inc. (NYSE: VEL; “Velocity” or the “Company”) today announced a definitive agreement to acquire the operating platform of Toorak Capital LLC (“Toorak”), a business-purpose lending and asset management platform which is majority owned by funds advised by affiliates of KKR, a leading global investment firm. Toorak has also entered into separate agreements with a third-party investment firm for the purchase of Toorak’s existing portfolio of business-purpose loans (“BPL”) totaling approximately $3 billion in unpaid principal balance across whole loans and loans held in Toorak Mortgage Trust and TRK Trust securitizations.

Garrington Capital, a senior secured, asset-based lender to the middle market, today announced it has provided a $2 million equipment financing facility to an oil and gas service entity operating in Nevada. The borrower's name is being withheld at its request.

eCapital Corp. ("eCapital"), an AI-powered fintech company building the next generation of specialty finance, has provided an $11 million healthcare receivables financing facility to a nationwide pharmacy provider serving patients with complex treatment needs.

XEN, a leading origination and management platform for factors and lenders, today announced its partnership with SureLine Capital, a Utah-based factor serving clients nationwide, who now manages all front-end operations on the XEN platform.

DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it has successfully closed on its previously announced (i) $700 million senior secured term loan B credit facility (the “Term Loan B”) and (ii) $750 million senior secured revolving credit facility (the “New Revolving Facility”), which replaced its existing $500 million senior secured revolving credit facility that was scheduled to mature in November 2029.

Citizens Capital Markets & Advisory today announced that Whitney Mikell has joined its Real Estate, Gaming, Lodging & Leisure (REGLL) Investment Banking team as a Managing Director.

The global law firm Jones Day announced today that Bo Huang has joined the Firm as of counsel in its Global Disputes practice, based in the Firm's Hong Kong office.

TowerCap has provided a $1 million factoring facility to an Arkansas-based staffing company following a sharp return to growth after an extended period of limited trading.

Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $15 million senior secured credit facility supporting the acquisition of an apparel retailer operating a chain of 70+ stores across the Northeast and Midwest.