Leading global professional services firm Alvarez & Marsal (A&M) has appointed Joseph C. Sponholz, Esq. as Managing Director and Leader of the new North American Transport and Logistics Infrastructure Group within its INFRA team in the US.

Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of SK Capital Partners' ("SK Capital") acquisition of Spectra Confectionary ("Spectra" or the "Company"), one of Canada's largest manufacturers of premium decorative toppings and confectionery products, supplying sprinkles, chocolate vermicelli, non-pareils and sugar shapes to North America's largest food distributors, bakeries, and snack food companies.

Nuveen, the investment manager of TIAA, is expanding its alternative investment platform for the wealth market, launching a collateralized loan obligation (CLO) exchange traded fund (ETF).

Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, announced today that it has successfully closed a $150 million debt financing facility.

Blackstone Credit & Insurance (“Blackstone”) and Jet Support Services, Inc. (“JSSI”) today announced over $1 billion in new financings to support the recapitalization of JSSI, the world’s largest independent provider of hourly cost maintenance programs for business aircraft engines, auxiliary power units, and airframes.

Matrix Applications, LLC ("Matrix") has successfully completed the 2024 System and Organization Control (SOC) 1 and SOC 2 Type 2 audits for its TradeBlazer Collateral Management System and Managed Services.

Next Level Aviation® (NLA), a leader in the global distribution of used serviceable materials (USM) for all Boeing and Airbus commercial aircraft and associated jet engine platforms, has secured a new $50MM revolving credit facility with PNC Bank with the potential to expand this facility over time as NLA grows.

As 2024 comes to a close, we at Lawrence Financial reflect on a year filled with growth, collaboration, and remarkable achievements.

IDB Bank, a New York-based private and commercial bank, announced the appointment of Chris Dowd as its new Senior Vice President and Head of Specialty Finance.

SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with VisualDX, a healthcare software company providing visual clinical decision support for medical professionals and students to aid in knowledge of a wide variety of conditions (primarily focused on dermatology and now expanding).

Nine members of the House Financial Services Committee, led by Rep. Young Kim (R-CA), have sent a letter to financial regulators emphasizing that the Basel III Endgame proposal must be properly calibrated to account for the risk-mitigating features of asset-based lending (ABL). Addressed to Federal Reserve Chair Jerome Powell, FDIC Chair Martin Gruenberg, and Acting Comptroller of the Currency Michael Hsu, the letter underscores the critical role ABL plays in financing U.S. businesses, particularly small and medium-sized enterprises.

The Asset-Based Lending Division of Renasant Bank is pleased to announce three recent fundings, totaling $63 million. These new Asset-Based Lines of Credit include an $8 million facility for a modular building manufacturer, a $15 million line for a staffing company, and a facility increase from $25 million to $40 million for a provider of capital solutions to lenders. All of these companies are based in the Southeast.

The Asset-Based Lending Division of Renasant Bank is pleased to announce three recent fundings, totaling $63 million. These new Asset-Based Lines of Credit include an $8 million facility for a modular building manufacturer, a $15 million line for a staffing company, and a facility increase from $25 million to $40 million for a provider of capital solutions to lenders. All of these companies are based in the Southeast.

Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced an increase to $600 million of total commitments under its credit facility led by KeyBank N.A.

Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, announced today that its operating partnership has amended and extended its $3 billion revolving credit facility (“Credit Facility”), as well as made conforming amendments to its outstanding term loans in connection with the Credit Facility.

Wire 3, a leading provider of high-speed fiber-optic internet, today announced the closing of a $115 million credit facility. The facility, led by Woodforest National Bank, CIBC, and JPMorgan, with participation from Axiom Bank, will support the continued expansion of Wire 3's state-of-the-art, 100% fiber-optic network across Florida.

The Huntington National Bank has hired industry veteran Christopher Wood to grow its capital markets activities that help corporate and sponsor-owned companies finance investments, acquisitions and other strategic transactions.

The Asset-Based Lending Division of Renasant Bank is pleased to announce three recent fundings, totaling $63 million. These new Asset-Based Lines of Credit include an $8 million facility for a modular building manufacturer, a $15 million line for a staffing company, and a facility increase from $25 million to $40 million for a provider of capital solutions to lenders. All of these companies are based in the Southeast.

Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced that Patrick Norton has joined Rosenthal as EVP and Head of Equipment Leasing.

eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announces a combined $5 million confidential factoring facility to support the turnaround and growth of two nutraceutical and health supplement companies.