Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization of Accelevation, LLC by LFM Capital.

Eclipse Business Capital LLC (“EBC”), announced today that it has provided a $200 million senior secured revolving credit facility to a leading provider of products to the petrochemical industry. The credit facility is secured by accounts receivable and inventory that will be used to support ongoing working capital needs.

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in December. The facilities were: a $4 million limit to a privately-owned manufacturer of specialty beverage dispensers; a $6 million limit for a family and private equity owned manufacturer of specialty equipment and a $3 million limit for a private equity owned company providing installation and repair of residential and commercial roofing systems

Transactional lawyer Brandon Jones has returned to Haynes and Boone, LLP as a partner in the Business Planning & Tax Practice Group. He will be based in the firm’s Fort Worth office. Brandon has provided sophisticated legal advice for more than 20 years and has represented clients in a broad range of transactional matters, including M&A transactions, public and private offerings, formation of legal entities, negotiating and drafting joint venture agreements, as well as tax planning and structuring across a variety of industries, such as real estate, energy, entertainment, healthcare, hospitality, finance, insurance, retail, waste recycling and disposal, and car wash and auto detailing.

--Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $52 billion alternative investment firm focused on credit and real estate investing, today announced that AG Twin Brook Capital Income Fund (“TCAP” or the “Fund”) has launched with more than $800 million in total assets. TCAP is a non-traded business development company (“BDC”) that has approximately $530 million in equity and over $1 billion in total investment commitments at launch.

eritage Bank ("Heritage" or "Bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce the appointment of Matt Ray as Executive Vice President Chief Lending Officer, Amy Curran as Executive Vice President Director of Commercial Banking, Kelli Wilson as Executive Vice President Chief Banking Officer and Sabrina Robison as Executive Vice President Chief Human Resources Officer. Robison assumed her new executive title in September 2022, while Ray, Curran and Wilson assumed their new executive roles on January 1, 2023. Wilson will succeed Cindy Hirman who is scheduled to retire in April 2023.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent and sole lender on a first lien senior secured credit facility to Salute Mission Critical (“Salute” or the “Company”) for its acquisition of Iconicx Critical Solutions (“Iconicx”).

The build-up of macro risk for global credit is the core theme of Fitch Ratings’ 2023 outlook reports. We expect risks related to sustained above-average inflation, supply constraints and tightening monetary conditions will crystallize this year, leading to recessions in the U.S. and Europe while exposing vulnerabilities in certain risk assets.

FTI Consulting, Inc. (NYSE: FCN) today announced the continued expansion of FTI Capital Advisors (member FINRA/SIPC), the firm’s wholly owned investment banking subsidiary, with the addition of Rod Rivera as a Senior Managing Director and David Baker and Roger Kahn as Managing Directors.

Churchill Asset Management LLC, an investment-specialist of Nuveen, today announced that it has completed fundraising for Churchill Junior Capital Opportunities Fund II (the “Fund”) with $737 million of limited partner commitments, exceeding its original target of $500 million and well above the size of its $300 million predecessor fund.

Commercial Chapter 11 filings increased 2 percent to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13 percent jump from the 1,263 filings recorded in 2021.

Amerisource Business Capital announced the closing and funding of a $1,000,000 bridge loan facility for a Texas-based renewable energy services firm. The proceeds were used to support the company’s growth and working capital needs.

The majority of small and midsize U.S. business leaders anticipate a recession in 2023, according to JPMorgan Chase’s 2023 annual Business Leaders Outlook survey released today. In total, 65% of midsize businesses and 61% of small businesses expect a recession in the year ahead.

J D Factors announced it provided the following factoring facilities: $250,000 to a transportation company in California; $120,000 to a transportation company in Ohio; $100,000 to a transportation company in Alberta; $200,000 to a transportation company in Illinois.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced that it has completed its investment in Esquire Deposition Solutions (“Esquire” or the “Company”), a leading national provider of remote and in-person court reporting, video, and interpreting services for corporate and law firm clients.

Schulte Roth & Zabel LLP advised Lovell Minnick Partners (LMP) and National Auto Care (NAC) in connection with the sale of NAC to APCO Holdings, LLC (APCO), a portfolio company of Ontario Teachers' Pension Plan. LMP is a private equity firm focused on investments in financial services, financial technology, and related business services.

Leading global professional services firm Alvarez & Marsal (A&M) has announced the appointments of Senior Directors Timothy Byhre in Chicago and Garrett Sussman and Matthew Bohlin in New York to the Valuation Services practice (VS).

Latham & Watkins LLP1 is pleased to announce that Corey Wright and Lisa Collier have joined the firm's New York office as partners in the Banking Practice. Both partners represent banks and other financial institutions in a broad range of complex leveraged finance transactions, including high-yield bond, debt and equity offerings, asset-based lending transactions, acquisition financings, and other bank loan financings.

Host Hotels & Resorts, Inc.​HST recently announced the amendment and restatement of its existing $2.5 billion credit facility (known as the “Agreement”) to boost liquidity position and financial flexibility. This involved the extension of the maturity from January 2025 to January 2028, inclusive of all extension options. The Agreement will continue to comprise a $1.5 billion revolving credit facility and two $500 million term loans.

Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it has provided debt financing to support the continued growth and expansion of Impact Fitness (“Impact” or the “Company”), a portfolio company of Morgan Stanley Capital Partners (“MSCP”).