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Home > Chapters > Canada > News Detail
  • Kaiser Aluminum Corporation Extends $575 Million Senior Secured Revolving Credit Facility
    October 16, 2025
    Kaiser Aluminum Corporation (NASDAQ: KALU) (the "Company" or "Kaiser"), a leading producer of semi-fabricated specialty aluminum products, today announced that it has extended its $575 million senior secured revolving credit facility for up to an additional five years, subject to certain conditions, now maturing in October 2030.
  • US Corporate Default Landscape Reshaped by Surprise Bankruptcy and Private Debt
    October 16, 2025
    In September, the trailing twelve-month (TTM) default rates for U.S. corporate leveraged loans and high-yield bonds were 5.0% and 3.1%, respectively, with issuer count rates slightly higher at 5.6% and 3.8%. Fitch nevertheless maintains its 2025 default forecasts at 5.5%-6.0% for loans and 4.0%-4.5% for bonds.
  • Assembled Brands Provides New Credit Facility to Seeq to Fuel Growth and Retail Expansion
    October 16, 2025
    Assembled Brands, a leading provider of capital for growing consumer brands, is proud to announce a new credit facility with Seeq, a clear protein brand. It provides Seeq with the working capital necessary to support its rapid growth and broader retail expansion.
  • JPalmer Collective Fuels Growth at Floura, the Next-Gen Fiber Company Founded by Jeni Britton
    October 16, 2025
    JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-owned and -led, and natural products companies today announced the closing of a $1M line of credit to Floura, a female-founded company dedicated to delivering exceptional, sustainably-sourced fiber-rich bars while fostering positive social and environmental impact. Floura founder Jeni Britton, is the visionary behind Jeni’s Splendid Ice Creams.
  • Provident Bank Strengthens Retail Leadership Team, Appointing Renee Altomonte EVP, Retail Banking Director
    October 16, 2025
    Provident Bank, a leading New Jersey-based financial institution with branches across New Jersey, Eastern Pennsylvania, and parts of New York, has announced the appointment of Renee Altomonte as Executive Vice President, Retail Banking Director.
  • H.I.G. WhiteHorse Provides Financing to Summit Group
    October 16, 2025
    H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $70 billion of capital under management, is pleased to announce that it has provided £81m in first-lien, senior-secured credit facilities to Summit Group ("Summit"), a portfolio company of Sovereign Capital Partners ("Sovereign"), to refinance existing indebtedness and support the acquisition of R&H Jersey ("R&H").
  • Versant Funds $2.5 Million Non-Recourse Factoring Facility to SaaS Provider
    October 16, 2025
    Versant Funding LLC is pleased to announce that it has funded a $2.5 million non-recourse factoring facility to a company that provides software and consulting services to major multinational companies.
  • Mortgage Automator Appoints Jason Alexander as Chief Executive Officer
    October 16, 2025
    Mortgage Automator, the market-leading platform for private-lender loan origination and servicing, announced the appointment of Jason Alexander as Chief Executive Officer, effective September 8, 2025. Alexander succeeds Pavel Tchourliaev, company co-founder, who transitions to serve on the Board of Directors.
  • Bank Regulatory Partner Kim Prior Joins King & Spalding in New York
    October 16, 2025
    King & Spalding announced today that Kim Prior has joined the firm’s Financial Services industry team and Finance and Restructuring practice group as a partner. She is based in the firm’s New York office.
  • CIBC Innovation Banking Provides $1.5 Million in Growth Capital to Vessel
    October 16, 2025
    CIBC Innovation Banking announced today that it has provided a $1.5 million debt facility in growth capital to Vessel Funds Inc. (Vessel), a leading platform that simplifies investor relations, fund reporting and compliance tasks. The financing will support Vessel’s continued global expansion and product innovation.
  • Fifty Stones Capital Group Closes Two Landmark Deals Across Utah and Florida, $9.2M Senior Living Refinance in Utah and a $15.65 Construction Loan in Florida
    October 16, 2025
    Fifty Stones Capital Group, a leading private lending platform known for its nimble, creative, and highly structured financing solutions, has successfully closed two high-impact real estate transactions in Utah and Florida. These deals, spanning premium senior living and shovel-ready multifamily development, highlight the firm’s ability to tailor capital solutions for complex projects while delivering measurable value to communities, sponsors, and investors alike.
  • California Expands Oversight of Commercial Finance: What Secured Lenders Need to Know
    October 15, 2025
    Two new California laws—SB 825 and SB 362—are poised to expand the state’s regulatory oversight of commercial financing and increase compliance obligations for secured lenders. While neither measure meaningfully alters lenders’ disclosure and conduct obligations, they strengthen the Department of Financial Protection and Innovation’s (DFPI) authority and further extend consumer-style protections into the small business lending arena. Both laws go into effect on January 1, 2026.
  • nFusion Provides $6M ABL Line to Supercharge Electrical Contractor Growth ​
    October 15, 2025
    nFusion Capital recently provided a $6 million asset based lending facility to an established electrical contracting company providing services for commercial, residential, industrial, and custom electrical projects. Founded in 2005 in Washington state, they now serve the Pacific Northwest region.
  • Iron Horse Credit Welcomes Ana G. Rodriguez
    October 15, 2025
    Iron Horse Credit is pleased to announce the appointment of Ana G. Rodriguez as Senior Vice President. Ms. Rodriguez brings more than 12 years of progressive operations experience in the commercial finance industry.
  • Precision Metal Stamping, Fabrication, and Support Equipment from Major Automotive Supplier Dura Shiloh in Bielsko-Biala, Poland Goes to Auction October 22nd
    October 15, 2025
    HyperAMS and National Machinery Exchange (NME) will host an online only auction on October 22 that features the Bielsko-Bialo Poland plant of manufacturer Dura Shiloh, where the company produced seating brackets, body components, and cable systems.
  • Chris Stecher Joins Frost Brown Todd’s San Francisco Office as Partner, Further Solidifying Robust Litigation Practice ​
    October 15, 2025
    Chris Stecher has joined Frost Brown Todd’s (FBT) San Francisco office as a partner in the Business & Commercial Litigation practice group. With more than two decades of experience in securities, employment, and complex business litigation, his arrival further enhances the firm’s litigation capabilities and contributes to its ongoing growth in California.
  • SSG Advises Hobie Cat in the Sale of Substantially All Assets to Bass Pro Shops
    October 15, 2025
    SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Hobie Cat Company II, LLC (“Hobie” or the “Company”) in the sale of substantially all assets to Bass Pro, LLC (“Bass Pro Shops”). The transaction closed in September 2025.
  • SouthStar Capital Provides $500,000 AR Facility Strengthens Cash Flow for Charlotte Company Serving Hospitals and Senior Living Facilities
    October 15, 2025
    SouthStar Capital is pleased to announce the funding of a $500,000 Accounts Receivable Financing Facility for a Charlotte, NC–based company that provides uniforms to hospitals and senior living facilities across the Southeast.
  • U.S. Middle Market Earnings and Revenue Remain Resilient in Q3 2025
    October 15, 2025
    Middle market private companies in the Golub Capital Altman Index grew earnings by 3% year-over-year in the third quarter of 2025. Revenue grew 4% during the same period.
  • Huntington Bank Names Sean Richardson President of Huntington Distribution Finance; Announces Jay Turakhia as Regional President for Northeast Ohio
    October 15, 2025
    The Huntington National Bank today announced Jay Turakhia as Regional President for Northeast Ohio, succeeding Sean Richardson, who has been promoted to president of Huntington Distribution Finance.
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  • Kaiser Aluminum Corporation Extends $575 Million Senior Secured Revolving Credit Facility
    October 16, 2025
    Kaiser Aluminum Corporation (NASDAQ: KALU) (the "Company" or "Kaiser"), a leading producer of semi-fabricated specialty aluminum products, today announced that it has extended its $575 million senior secured revolving credit facility for up to an additional five years, subject to certain conditions, now maturing in October 2030.
  • US Corporate Default Landscape Reshaped by Surprise Bankruptcy and Private Debt
    October 16, 2025
    In September, the trailing twelve-month (TTM) default rates for U.S. corporate leveraged loans and high-yield bonds were 5.0% and 3.1%, respectively, with issuer count rates slightly higher at 5.6% and 3.8%. Fitch nevertheless maintains its 2025 default forecasts at 5.5%-6.0% for loans and 4.0%-4.5% for bonds.
  • Assembled Brands Provides New Credit Facility to Seeq to Fuel Growth and Retail Expansion
    October 16, 2025
    Assembled Brands, a leading provider of capital for growing consumer brands, is proud to announce a new credit facility with Seeq, a clear protein brand. It provides Seeq with the working capital necessary to support its rapid growth and broader retail expansion.
  • JPalmer Collective Fuels Growth at Floura, the Next-Gen Fiber Company Founded by Jeni Britton
    October 16, 2025
    JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-owned and -led, and natural products companies today announced the closing of a $1M line of credit to Floura, a female-founded company dedicated to delivering exceptional, sustainably-sourced fiber-rich bars while fostering positive social and environmental impact. Floura founder Jeni Britton, is the visionary behind Jeni’s Splendid Ice Creams.
  • Provident Bank Strengthens Retail Leadership Team, Appointing Renee Altomonte EVP, Retail Banking Director
    October 16, 2025
    Provident Bank, a leading New Jersey-based financial institution with branches across New Jersey, Eastern Pennsylvania, and parts of New York, has announced the appointment of Renee Altomonte as Executive Vice President, Retail Banking Director.
  • H.I.G. WhiteHorse Provides Financing to Summit Group
    October 16, 2025
    H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $70 billion of capital under management, is pleased to announce that it has provided £81m in first-lien, senior-secured credit facilities to Summit Group ("Summit"), a portfolio company of Sovereign Capital Partners ("Sovereign"), to refinance existing indebtedness and support the acquisition of R&H Jersey ("R&H").
  • Versant Funds $2.5 Million Non-Recourse Factoring Facility to SaaS Provider
    October 16, 2025
    Versant Funding LLC is pleased to announce that it has funded a $2.5 million non-recourse factoring facility to a company that provides software and consulting services to major multinational companies.
  • Mortgage Automator Appoints Jason Alexander as Chief Executive Officer
    October 16, 2025
    Mortgage Automator, the market-leading platform for private-lender loan origination and servicing, announced the appointment of Jason Alexander as Chief Executive Officer, effective September 8, 2025. Alexander succeeds Pavel Tchourliaev, company co-founder, who transitions to serve on the Board of Directors.
  • Bank Regulatory Partner Kim Prior Joins King & Spalding in New York
    October 16, 2025
    King & Spalding announced today that Kim Prior has joined the firm’s Financial Services industry team and Finance and Restructuring practice group as a partner. She is based in the firm’s New York office.
  • CIBC Innovation Banking Provides $1.5 Million in Growth Capital to Vessel
    October 16, 2025
    CIBC Innovation Banking announced today that it has provided a $1.5 million debt facility in growth capital to Vessel Funds Inc. (Vessel), a leading platform that simplifies investor relations, fund reporting and compliance tasks. The financing will support Vessel’s continued global expansion and product innovation.
  • Fifty Stones Capital Group Closes Two Landmark Deals Across Utah and Florida, $9.2M Senior Living Refinance in Utah and a $15.65 Construction Loan in Florida
    October 16, 2025
    Fifty Stones Capital Group, a leading private lending platform known for its nimble, creative, and highly structured financing solutions, has successfully closed two high-impact real estate transactions in Utah and Florida. These deals, spanning premium senior living and shovel-ready multifamily development, highlight the firm’s ability to tailor capital solutions for complex projects while delivering measurable value to communities, sponsors, and investors alike.
  • California Expands Oversight of Commercial Finance: What Secured Lenders Need to Know
    October 15, 2025
    Two new California laws—SB 825 and SB 362—are poised to expand the state’s regulatory oversight of commercial financing and increase compliance obligations for secured lenders. While neither measure meaningfully alters lenders’ disclosure and conduct obligations, they strengthen the Department of Financial Protection and Innovation’s (DFPI) authority and further extend consumer-style protections into the small business lending arena. Both laws go into effect on January 1, 2026.
  • nFusion Provides $6M ABL Line to Supercharge Electrical Contractor Growth ​
    October 15, 2025
    nFusion Capital recently provided a $6 million asset based lending facility to an established electrical contracting company providing services for commercial, residential, industrial, and custom electrical projects. Founded in 2005 in Washington state, they now serve the Pacific Northwest region.
  • Iron Horse Credit Welcomes Ana G. Rodriguez
    October 15, 2025
    Iron Horse Credit is pleased to announce the appointment of Ana G. Rodriguez as Senior Vice President. Ms. Rodriguez brings more than 12 years of progressive operations experience in the commercial finance industry.
  • Precision Metal Stamping, Fabrication, and Support Equipment from Major Automotive Supplier Dura Shiloh in Bielsko-Biala, Poland Goes to Auction October 22nd
    October 15, 2025
    HyperAMS and National Machinery Exchange (NME) will host an online only auction on October 22 that features the Bielsko-Bialo Poland plant of manufacturer Dura Shiloh, where the company produced seating brackets, body components, and cable systems.
  • Chris Stecher Joins Frost Brown Todd’s San Francisco Office as Partner, Further Solidifying Robust Litigation Practice ​
    October 15, 2025
    Chris Stecher has joined Frost Brown Todd’s (FBT) San Francisco office as a partner in the Business & Commercial Litigation practice group. With more than two decades of experience in securities, employment, and complex business litigation, his arrival further enhances the firm’s litigation capabilities and contributes to its ongoing growth in California.
  • SSG Advises Hobie Cat in the Sale of Substantially All Assets to Bass Pro Shops
    October 15, 2025
    SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Hobie Cat Company II, LLC (“Hobie” or the “Company”) in the sale of substantially all assets to Bass Pro, LLC (“Bass Pro Shops”). The transaction closed in September 2025.
  • SouthStar Capital Provides $500,000 AR Facility Strengthens Cash Flow for Charlotte Company Serving Hospitals and Senior Living Facilities
    October 15, 2025
    SouthStar Capital is pleased to announce the funding of a $500,000 Accounts Receivable Financing Facility for a Charlotte, NC–based company that provides uniforms to hospitals and senior living facilities across the Southeast.
  • U.S. Middle Market Earnings and Revenue Remain Resilient in Q3 2025
    October 15, 2025
    Middle market private companies in the Golub Capital Altman Index grew earnings by 3% year-over-year in the third quarter of 2025. Revenue grew 4% during the same period.
  • Huntington Bank Names Sean Richardson President of Huntington Distribution Finance; Announces Jay Turakhia as Regional President for Northeast Ohio
    October 15, 2025
    The Huntington National Bank today announced Jay Turakhia as Regional President for Northeast Ohio, succeeding Sean Richardson, who has been promoted to president of Huntington Distribution Finance.
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