• Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
    December 18, 2023
    Iron Horse Credit LLC, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
  • Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
    December 18, 2023
    ​Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
  • BizCap Facilitates Aechelon Technology’s Multimillion-Dollar Line of Credit
    December 18, 2023
    BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Aechelon Technology, Inc., a leader in immersive visualization technology. For over 25 years, Aechelon has provided real-time computer graphics systems for flight training, simulation, and entertainment markets.
  • SFNet Member Spotlight: ABLSoft
    December 18, 2023
    ABLSoft is a premier Cloud provider of asset-based lending and factoring software. Our objective is to assist lenders in enhancing profitability through smart automation and adaptable solutions. Trusted by a multitude of financial institutions, ABLSoft's well-established platform delivers secure and resilient enterprise capabilities, empowering your business to both thrive and bring satisfaction to your customers.
  • iSun Closes Secured Loan with Decathlon Capital Partners
    December 18, 2023
    iSun has closed on an $8 million senior secured loan with Decathlon Capital Partners to fully refinance the prior senior secured convertible facility which had become dilutive.
  • Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits
    December 18, 2023
    Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.
  • FTI Consulting Expands Corporate Finance & Restructuring Offering in Japan
    December 18, 2023
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Go Matsumoto as a Senior Managing Director within the Corporate Finance & Restructuring segment in Tokyo. In addition, Eiji Michihiro joined the segment in Tokyo as a Senior Advisor.
  • KBRA DLD Forecasts 2.75% Direct Lending Default Rate in 2024 for Private Equity-Backed Companies; Report Notes YTD Sponsored Rate Rises to 2.1% From 1.9%
    December 18, 2023
    Momentum continued through November and pushed volume in the KBRA DLD Private Data set to $22 billion, making it the third consecutive month of volume greater than $20 billion. At $127.1 billion through November, YTD volume still falls short of the $131.8 billion in the same period last year. Managers need to put another $17.7 billion on the board this month in order to match last year’s $144.8 billion full-year figure.
  • Eiffel Investment Group Supports Electra and its Growth With €27m Bridge Financing
    December 18, 2023
    Eiffel Investment Group, asset manager with €5.5 billion assets under management, teams up with Electra, European specialist in electric vehicles fast-charging, to accelerate the construction of charging stations in France. The deal aims to support the development of more than 100 high-power (>150 kW) charging stations, i.e. over 600 additional charging points in France, for a total amount of 27 million euros.
  • AITX Expands Fleet Offering as Acquisition of SMBC Rail Services Closes
    December 18, 2023
    Deutsche Bank Securities Inc. served as lead financial advisor, Citi served as senior financial advisor, JP Morgan, Goldman Sachs and RBC Capital Markets LLC also provided advisory services to ITE Management. The acquisition financing is led by Bank of America as administrative agent and supported by a group of arrangers and lenders including Bank of America, Deutsche Bank, Goldman Sachs, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, and Citi. Willkie Farr & Gallagher LLP and Vedder Price LLP served as legal advisors to ITE Management.
  • Mountain Ridge Capital Provides $15 Million Credit Facility to Consumer Beverage Company
    December 18, 2023
    Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $15 million senior secured credit facility for a category-leading international consumer beverage company.
  • ARM Energy and Rabobank Successfully Upsize Credit Facility to $160 Million
    December 18, 2023
    ARM Energy Services, LLC (AES), one of the largest private North American physical natural gas marketers, and Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition, have amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.
  • FrontWell Capital Partners Provides USD$6 Million Senior Secured Credit Facility to Armored Republic Holdings LLC
    December 18, 2023
    FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$6 million secured credit facility with Armored Republic Holdings LLC. (“Armored Republic”), a manufacturer of ballistic armor and body armor solutions.
  • Bluebird Network Secures $285M in Senior Secured Credit Facilities
    December 18, 2023
    Bluebird Network, a communications infrastructure provider and operator of more than 11,000 miles of fiber and two data centers, announces that it has received $285 million of five-year Senior Secured Credit Facilities.
  • Hughes Pittman & Gupton Combines with EisnerAmper
    December 18, 2023
    Global business advisory firm EisnerAmper announces that the partners and colleagues of accounting, tax, and business consulting firm Hughes Pittman & Gupton, LLP ("HPG"), are joining EisnerAmper in a transaction expected to close in the spring of 2024. In a separate transaction, HPG's wealth management practice, HPG Wealthcare Advisors, will transition to Prosperity, an EisnerAmper Company, later in 2024.
  • Frederick O. Terrell to join the Corporate & Investment Bank as Vice Chairman of Investment Banking
    December 18, 2023
    Wells Fargo & Company (NYSE: WFC) today announced that Frederick O. Terrell will join the Corporate & Investment Bank (CIB) as vice chairman of Investment Banking on January 2, 2024.
  • KKR Acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans
    December 18, 2023
    KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”).
  • First Citizens Bank Equipment Finance Names Joy Shanks Head of Business Development
    December 18, 2023
    First Citizens Bank today announced that its Equipment Finance business has named Joy Shanks as senior vice president and head of business development dedicated to supporting and growing equipment finance vendor acquisition business.
  • SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital
    December 14, 2023
    SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. Citi provides the senior capital while Fasanara provides junior capital in the transaction.
  • The GEO Group Amends Senior Revolving Credit Facility
    December 14, 2023
    The GEO Group (NYSE: GEO) (“GEO” or the “Company”) announced today the closing of a Refinancing Revolving Credit Commitments Amendment ("Amendment") to its Credit Agreement dated as of August 19, 2022, providing for the refinancing of all of GEO's outstanding revolving credit facility commitments. The Amendment provides for approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027.
  • Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
    December 18, 2023
    Iron Horse Credit LLC, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
  • Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
    December 18, 2023
    ​Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
  • BizCap Facilitates Aechelon Technology’s Multimillion-Dollar Line of Credit
    December 18, 2023
    BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Aechelon Technology, Inc., a leader in immersive visualization technology. For over 25 years, Aechelon has provided real-time computer graphics systems for flight training, simulation, and entertainment markets.
  • SFNet Member Spotlight: ABLSoft
    December 18, 2023
    ABLSoft is a premier Cloud provider of asset-based lending and factoring software. Our objective is to assist lenders in enhancing profitability through smart automation and adaptable solutions. Trusted by a multitude of financial institutions, ABLSoft's well-established platform delivers secure and resilient enterprise capabilities, empowering your business to both thrive and bring satisfaction to your customers.
  • iSun Closes Secured Loan with Decathlon Capital Partners
    December 18, 2023
    iSun has closed on an $8 million senior secured loan with Decathlon Capital Partners to fully refinance the prior senior secured convertible facility which had become dilutive.
  • Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits
    December 18, 2023
    Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.
  • FTI Consulting Expands Corporate Finance & Restructuring Offering in Japan
    December 18, 2023
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Go Matsumoto as a Senior Managing Director within the Corporate Finance & Restructuring segment in Tokyo. In addition, Eiji Michihiro joined the segment in Tokyo as a Senior Advisor.
  • KBRA DLD Forecasts 2.75% Direct Lending Default Rate in 2024 for Private Equity-Backed Companies; Report Notes YTD Sponsored Rate Rises to 2.1% From 1.9%
    December 18, 2023
    Momentum continued through November and pushed volume in the KBRA DLD Private Data set to $22 billion, making it the third consecutive month of volume greater than $20 billion. At $127.1 billion through November, YTD volume still falls short of the $131.8 billion in the same period last year. Managers need to put another $17.7 billion on the board this month in order to match last year’s $144.8 billion full-year figure.
  • Eiffel Investment Group Supports Electra and its Growth With €27m Bridge Financing
    December 18, 2023
    Eiffel Investment Group, asset manager with €5.5 billion assets under management, teams up with Electra, European specialist in electric vehicles fast-charging, to accelerate the construction of charging stations in France. The deal aims to support the development of more than 100 high-power (>150 kW) charging stations, i.e. over 600 additional charging points in France, for a total amount of 27 million euros.
  • AITX Expands Fleet Offering as Acquisition of SMBC Rail Services Closes
    December 18, 2023
    Deutsche Bank Securities Inc. served as lead financial advisor, Citi served as senior financial advisor, JP Morgan, Goldman Sachs and RBC Capital Markets LLC also provided advisory services to ITE Management. The acquisition financing is led by Bank of America as administrative agent and supported by a group of arrangers and lenders including Bank of America, Deutsche Bank, Goldman Sachs, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, and Citi. Willkie Farr & Gallagher LLP and Vedder Price LLP served as legal advisors to ITE Management.
  • Mountain Ridge Capital Provides $15 Million Credit Facility to Consumer Beverage Company
    December 18, 2023
    Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $15 million senior secured credit facility for a category-leading international consumer beverage company.
  • ARM Energy and Rabobank Successfully Upsize Credit Facility to $160 Million
    December 18, 2023
    ARM Energy Services, LLC (AES), one of the largest private North American physical natural gas marketers, and Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition, have amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.
  • FrontWell Capital Partners Provides USD$6 Million Senior Secured Credit Facility to Armored Republic Holdings LLC
    December 18, 2023
    FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$6 million secured credit facility with Armored Republic Holdings LLC. (“Armored Republic”), a manufacturer of ballistic armor and body armor solutions.
  • Bluebird Network Secures $285M in Senior Secured Credit Facilities
    December 18, 2023
    Bluebird Network, a communications infrastructure provider and operator of more than 11,000 miles of fiber and two data centers, announces that it has received $285 million of five-year Senior Secured Credit Facilities.
  • Hughes Pittman & Gupton Combines with EisnerAmper
    December 18, 2023
    Global business advisory firm EisnerAmper announces that the partners and colleagues of accounting, tax, and business consulting firm Hughes Pittman & Gupton, LLP ("HPG"), are joining EisnerAmper in a transaction expected to close in the spring of 2024. In a separate transaction, HPG's wealth management practice, HPG Wealthcare Advisors, will transition to Prosperity, an EisnerAmper Company, later in 2024.
  • Frederick O. Terrell to join the Corporate & Investment Bank as Vice Chairman of Investment Banking
    December 18, 2023
    Wells Fargo & Company (NYSE: WFC) today announced that Frederick O. Terrell will join the Corporate & Investment Bank (CIB) as vice chairman of Investment Banking on January 2, 2024.
  • KKR Acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans
    December 18, 2023
    KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”).
  • First Citizens Bank Equipment Finance Names Joy Shanks Head of Business Development
    December 18, 2023
    First Citizens Bank today announced that its Equipment Finance business has named Joy Shanks as senior vice president and head of business development dedicated to supporting and growing equipment finance vendor acquisition business.
  • SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital
    December 14, 2023
    SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. Citi provides the senior capital while Fasanara provides junior capital in the transaction.
  • The GEO Group Amends Senior Revolving Credit Facility
    December 14, 2023
    The GEO Group (NYSE: GEO) (“GEO” or the “Company”) announced today the closing of a Refinancing Revolving Credit Commitments Amendment ("Amendment") to its Credit Agreement dated as of August 19, 2022, providing for the refinancing of all of GEO's outstanding revolving credit facility commitments. The Amendment provides for approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027.
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