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Rosenthal Closes Two Factoring Transaction Totaling $6.5 Million and $25 Million in Factoring Volume
June 14, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two factoring transactions totaling $6.5 million and $25 million in factoring volume.
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Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$15M - Clean Skincare
June 13, 2024Dwight Funding, a modern asset-based lender providing flexible working capital to consumer brands, announced several transactions including: a $2.0M asset-based revolving line of credit for a hot sauce and condiment brand; a $12.0M asset-based revolving line of credit for a DTC electrolyte and hydration supplement brand; a $4.0M asset-based revolving line of credit for a prestige cosmetics brand; a $2.0M asset-based revolving line of credit for a functional wellness brand offering adaptogenic mushroom products and more.
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Legacy Corporate Lending Provides $7MM Credit Facility to PostWorks New York
June 12, 2024Legacy Corporate Lending completed a $7 million credit facility for PostWorks New York, a digital motion picture and post production services provider, to support the company’s ongoing capital needs and continued growth.
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Legacy Corporate Lending Provides $10 Million Credit Facility to Franklin Baker Incorporated
June 12, 2024Legacy 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 the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”).
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Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size
June 12, 2024Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender.
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CIBC Innovation Banking Leads Senior Syndicated Debt Commitment for Yipit, LLC
June 12, 2024CIBC Innovation Banking is pleased to announce that it recently acted as the lead arranger and an administrative agent on a debt facility for New York-based Yipit, LLC (YipitData), the trusted source of alternative data insights for investment funds and large corporations.
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Ecovyst Successfully Amends and Extends Term Loan Facility
June 12, 2024Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has successfully amended and extended its existing senior secured term loan facility (the "Amended Term Loan Facility") in an aggregate principal amount of $873 million at a lower interest rate margin and with an extended maturity.
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SLR Business Credit Provides $7.5 Million Line of Credit to Rapidly Growing Artisanal Baked Goods Manufacturer
June 12, 2024SLR Business Credit LLC (“SLR Business Credit”) is pleased to announce the funding of a $7.5 million credit facility for a leading manufacturer in the artisanal baked goods industry experiencing rapid growth and increasing sales. This financial support is aimed at bolstering the company's working capital and facilitating further expansion.
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New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
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New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
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New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
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Fed to Hold Rates Steady Amid Global Divergence in Monetary Policy
June 12, 2024The Federal Reserve will almost certainly hold US interest rates steady at the current 23-year high on Wednesday and investors need to review their portfolios amid a divergence in global monetary policy.
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Pritzker Private Capital Names Anna Edgcomb and Alyson Brown Vice Presidents
June 12, 2024Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced that Anna Edgcomb has rejoined the firm as Vice President – Manufactured Products and Alyson Brown has joined the firm as Vice President – Services. Ms. Edgcomb and Ms. Brown will help source and execute investments, supporting PPC’s strategy to deploy capital across family-owned and founder-led businesses in the manufactured products and services sectors.
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Tax Guard Announces Partnership with Ventures Lending Technologies
June 12, 2024Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, is announcing it has entered a partnership with San Diego-based Ventures Lending Technologies, a premier end-to-end lending software for banks and mission-based lenders.
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Coach USA Initiates Voluntary Chapter 11 Sale Processes to Maximize Value of Its Businesses
June 12, 2024Coach USA (the "company"), a leading provider of passenger transportation and mobility services, today announced that it commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate sale processes to preserve jobs, ensure continued service and maximize the value of its businesses.
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PNC Bank Announces $500+ Million Credit Facility for Seismic
June 11, 2024PNC Bank, National Association ("PNC"), today announced the closing of a $500+ million senior secured credit facility for Seismic, a global leader in sales enablement software. PNC served as Administrative Agent and Collateral Agent for the credit facility and PNC Capital Markets LLC ("PNCCM") served as Lead Left Arranger.
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eCapital Breaks Through Single-Debtor Barrier with $15MM Invoice Factoring Facility for Disruptive Transportation Tech Firm
June 11, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has funded a $15 million factoring facility for a world-leading technology firm in the transportation industry.
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Wintrust Business Credit Announces Closing of $11M ABL Line of Credit to Support Client Acquisition of Premium Fresh Food Distributor
June 11, 2024Wintrust Business Credit (WBC) is happy to announce a line increase to $11,000,000 for their existing client. This line increase was used by the client to support the acquisition of a Minnesota-based distributer of premium fresh seafood. WBC’s existing client is a distributor of both fresh and frozen seafood to local grocery stores, while the acquisition target works primarily with restaurants.
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Rosenthal Closes $2 Million Recourse Factoring Deal for New York-Based Staffing Firm
June 11, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of a $2 million recourse factoring deal for a disabled veteran-owned business focused on providing staffing to local and state agencies.
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First Citizens Bank Provides Up to $400 Million for WhiteHawk Funds
June 11, 2024First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund.
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Rosenthal Closes Two Factoring Transaction Totaling $6.5 Million and $25 Million in Factoring Volume
June 14, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two factoring transactions totaling $6.5 million and $25 million in factoring volume.
-
Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$15M - Clean Skincare
June 13, 2024Dwight Funding, a modern asset-based lender providing flexible working capital to consumer brands, announced several transactions including: a $2.0M asset-based revolving line of credit for a hot sauce and condiment brand; a $12.0M asset-based revolving line of credit for a DTC electrolyte and hydration supplement brand; a $4.0M asset-based revolving line of credit for a prestige cosmetics brand; a $2.0M asset-based revolving line of credit for a functional wellness brand offering adaptogenic mushroom products and more.
-
Legacy Corporate Lending Provides $7MM Credit Facility to PostWorks New York
June 12, 2024Legacy Corporate Lending completed a $7 million credit facility for PostWorks New York, a digital motion picture and post production services provider, to support the company’s ongoing capital needs and continued growth.
-
Legacy Corporate Lending Provides $10 Million Credit Facility to Franklin Baker Incorporated
June 12, 2024Legacy 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 the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”).
-
Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size
June 12, 2024Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender.
-
CIBC Innovation Banking Leads Senior Syndicated Debt Commitment for Yipit, LLC
June 12, 2024CIBC Innovation Banking is pleased to announce that it recently acted as the lead arranger and an administrative agent on a debt facility for New York-based Yipit, LLC (YipitData), the trusted source of alternative data insights for investment funds and large corporations.
-
Ecovyst Successfully Amends and Extends Term Loan Facility
June 12, 2024Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has successfully amended and extended its existing senior secured term loan facility (the "Amended Term Loan Facility") in an aggregate principal amount of $873 million at a lower interest rate margin and with an extended maturity.
-
SLR Business Credit Provides $7.5 Million Line of Credit to Rapidly Growing Artisanal Baked Goods Manufacturer
June 12, 2024SLR Business Credit LLC (“SLR Business Credit”) is pleased to announce the funding of a $7.5 million credit facility for a leading manufacturer in the artisanal baked goods industry experiencing rapid growth and increasing sales. This financial support is aimed at bolstering the company's working capital and facilitating further expansion.
-
New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
-
New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
-
New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
-
Fed to Hold Rates Steady Amid Global Divergence in Monetary Policy
June 12, 2024The Federal Reserve will almost certainly hold US interest rates steady at the current 23-year high on Wednesday and investors need to review their portfolios amid a divergence in global monetary policy.
-
Pritzker Private Capital Names Anna Edgcomb and Alyson Brown Vice Presidents
June 12, 2024Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced that Anna Edgcomb has rejoined the firm as Vice President – Manufactured Products and Alyson Brown has joined the firm as Vice President – Services. Ms. Edgcomb and Ms. Brown will help source and execute investments, supporting PPC’s strategy to deploy capital across family-owned and founder-led businesses in the manufactured products and services sectors.
-
Tax Guard Announces Partnership with Ventures Lending Technologies
June 12, 2024Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, is announcing it has entered a partnership with San Diego-based Ventures Lending Technologies, a premier end-to-end lending software for banks and mission-based lenders.
-
Coach USA Initiates Voluntary Chapter 11 Sale Processes to Maximize Value of Its Businesses
June 12, 2024Coach USA (the "company"), a leading provider of passenger transportation and mobility services, today announced that it commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate sale processes to preserve jobs, ensure continued service and maximize the value of its businesses.
-
PNC Bank Announces $500+ Million Credit Facility for Seismic
June 11, 2024PNC Bank, National Association ("PNC"), today announced the closing of a $500+ million senior secured credit facility for Seismic, a global leader in sales enablement software. PNC served as Administrative Agent and Collateral Agent for the credit facility and PNC Capital Markets LLC ("PNCCM") served as Lead Left Arranger.
-
eCapital Breaks Through Single-Debtor Barrier with $15MM Invoice Factoring Facility for Disruptive Transportation Tech Firm
June 11, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has funded a $15 million factoring facility for a world-leading technology firm in the transportation industry.
-
Wintrust Business Credit Announces Closing of $11M ABL Line of Credit to Support Client Acquisition of Premium Fresh Food Distributor
June 11, 2024Wintrust Business Credit (WBC) is happy to announce a line increase to $11,000,000 for their existing client. This line increase was used by the client to support the acquisition of a Minnesota-based distributer of premium fresh seafood. WBC’s existing client is a distributor of both fresh and frozen seafood to local grocery stores, while the acquisition target works primarily with restaurants.
-
Rosenthal Closes $2 Million Recourse Factoring Deal for New York-Based Staffing Firm
June 11, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of a $2 million recourse factoring deal for a disabled veteran-owned business focused on providing staffing to local and state agencies.
-
First Citizens Bank Provides Up to $400 Million for WhiteHawk Funds
June 11, 2024First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund.
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