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TAB Bank Provides $3 Million Factoring Line of Credit for CNC Precision Machine
May 15, 2025TAB Bank has structured a $3 million factoring line of credit for CNC Precision Machine Inc. to improve cash flow for inventory and working capital. CNC Precision Machine is a leading manufacturer of world-class hydraulic fittings serving the aerospace, transportation and machinery industries.
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Citi Appoints Wyatt Crowell as Head of North America Citi Commercial Bank
May 15, 2025Today, Citi appointed Wyatt Crowell as Head of North America Citi Commercial Bank (NAM CCB). Wyatt will assume his role in May 2025, and will report to the Head of CCB, Tasnim Ghiawadwala and Citibank N.A. Chief Executive Officer (CEO) and Head of NAM, Sunil Garg.
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Gordon Brothers Provides Carroll Fulmer Logistics $27M Financing to Optimize Operations
May 15, 2025Gordon Brothers, the global asset experts, has provided Carroll Fulmer Logistics Corporation a holistic, multi-pronged solution that includes $27 million in financing to optimize the transportation and logistics company’s capital structure in support of continued growth.
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QuickFi Wins Best in Show at Equipment Finance Connect 2025
May 15, 2025QuickFi® is honored to be recognized as the “Best In Show” for its B2B embedded lending platform following a live demo at the Equipment Finance Connect 2025 conference.
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Crestline Raises $3.5 Billion for Fourth Flagship Direct Lending Fund
May 15, 2025Crestline Investors, Inc. (“Crestline”), a global alternative investment manager, today announced the final close of Crestline Direct Lending Fund IV (“CDLIV” or the “Fund”), with $3.5bn of investable capital across the Fund, related vehicles and anticipated leverage.
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CIBC Innovation Banking Provides ContactMonkey with Growth Capital Financing
May 15, 2025CIBC Innovation Banking announced today that it has provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. The company will use the financing to continue growing its reach globally and expand product offerings to new and existing customers around the world.
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Lord Kim Darroch, Former UK Ambassador to the United States, Speaks at SFNet’s ILC Event
May 14, 2025At SFNet’s recent International Lending Conference in London, Lord Kim Darroch, former UK Ambassador to the United States, shared his analysis of global geopolitical dynamics, highlighting how the volatility driven by Trump’s trade agenda, geopolitical rivalries and shifting global alliances could have profound implications for financial markets, business confidence and global credit conditions.
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24 Hour Fitness Secures $305M Credit Facility
May 14, 202524 Hour Fitness has closed a $305 million senior secured credit facility from affiliates of The TCW Group, a move aimed at bolstering liquidity and addressing upcoming debt maturities.
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Newtopia Completes $2 Million Debt Financing, Assignment of Existing Senior Secured Credit Facility and Provides Corporate Update
May 14, 2025("Newtopia" or the "Company"), a tech-enabled whole health platform creating economically affordable and sustainable habits that prevent, slow and reverse metabolic disease, today announced the completion of a transaction that included (i) an aggregate $1.6 million in new senior secured debt financing (the "New Secured Funds"), and (ii) the settlement of $0.4 million in amounts owing to certain officers and directors for past services to the Company, for no cash consideration.
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Ubiquity Upsizes Construction Credit Facility to $350M to Fund Additional Expansion
May 14, 2025Ubiquity, a digital communications infrastructure owner, operator, and developer has successfully upsized its Green Construction Credit Facility to $350 million, representing an incremental $75 million in debt financing, with proceeds to be used to further expand the Company's last-mile open-access fiber networks.
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AE Industrial Partners Closes Aerospace Leasing Fund II with $418 Million in Capital Commitments
May 14, 2025AE Industrial Partners, LP (“AE Industrial”), a private investment firm specializing in National Security, Aerospace, and Industrial Services, today announced the close of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (“Aerospace Leasing Fund II”), which was oversubscribed with total capital commitments of $418 million, reflecting strong support from both existing and new investors.
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Altimmune Secures Up to $100 Million in Credit Facility from Hercules Capital
May 14, 2025Altimmune, Inc. (Nasdaq: ALT), a late clinical-stage biopharmaceutical company developing novel peptide-based therapeutics for liver and cardiometabolic diseases, today announced that it has entered into an agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in debt financing for life science companies, for up to $100 million in a credit facility, with a $15 million tranche funded at closing.
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Aztec Group Taps Industry Powerhouse Tamara Sablic to Support U.S. Client Expansion
May 14, 2025Aztec Group, a leading fund and investor services provider, has announced the appointment of Tamara Sablic as a Client Sales Director within its U.S. Commercial team. Based in New York, Tamara will be pivotal in driving the Group's client engagement and sales strategy across the region.
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Axsome Therapeutics Enters $570 Million Term Loan and Revolving Credit Facility with Blackstone
May 13, 2025Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that it has entered into a $570 million term loan and revolving credit facility with funds managed by Blackstone Life Sciences and Blackstone Credit & Insurance (“Blackstone”).
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Pyxus Upsizes Asset-Based Lending Facility with PNC Bank
May 13, 2025Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, is pleased to announce the amendment of its asset-based lending (ABL) credit facility with PNC Bank, which was initially established February 8, 2022.
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Equify Financial Welcomes Ritzon Fernandez as Senior Vice President of Sales
May 13, 2025Equify Financial is proud to announce the appointment of Ritzon Fernandez as Senior Vice President of Sales. Fernandez offers a demonstrated history of success in commercial equipment finance and asset-based lending, complemented by extensive leadership experience overseeing regional sales operations.
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SurgePays Announces $7 Million Debt Financing to Accelerate Growth
May 13, 2025SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point-of-sale technology company, today announced that it has entered into a $7 million senior secured convertible note (the "Note") agreement with a current institutional shareholder.
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Versant Funds $30 Million Non-Recourse Factoring Facility to Furniture Manufacturer and Distributor
May 13, 2025Versant Funding LLC is pleased to announce it has funded a $30 million non-recourse factoring facility to a company that manufactures and distributes furniture to major brick-and-mortar as well as on-line retailers.
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EY US Unveils Norma Kuntz of Gordon Brothers as an Entrepreneur Of The Year® 2025 New England Award Finalist
May 13, 2025Ernst & Young LLP (EY US) has announced the finalists for the prestigious Entrepreneur Of The Year 2025 New England Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors bold entrepreneurs whose innovations shape the future and pave the way for a thriving economy and a hopeful tomorrow.
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Sallyport Commercial Finance Provides $250,000 for a Growing IT and Technical Staffing Business
May 13, 2025Sallyport Commercial Finance announced it has provided a $250,000 accounts receivable financing facility for a growing IT and technical staffing business. The facility will help meet the rising payroll demands of their temporary workforce. The client, introduced to Sallyport by our valued partners at Northrim Funding Services, is forecasting strong near-term growth and is targeting $1M+ in revenue by 2026.
-
TAB Bank Provides $3 Million Factoring Line of Credit for CNC Precision Machine
May 15, 2025TAB Bank has structured a $3 million factoring line of credit for CNC Precision Machine Inc. to improve cash flow for inventory and working capital. CNC Precision Machine is a leading manufacturer of world-class hydraulic fittings serving the aerospace, transportation and machinery industries.
-
Citi Appoints Wyatt Crowell as Head of North America Citi Commercial Bank
May 15, 2025Today, Citi appointed Wyatt Crowell as Head of North America Citi Commercial Bank (NAM CCB). Wyatt will assume his role in May 2025, and will report to the Head of CCB, Tasnim Ghiawadwala and Citibank N.A. Chief Executive Officer (CEO) and Head of NAM, Sunil Garg.
-
Gordon Brothers Provides Carroll Fulmer Logistics $27M Financing to Optimize Operations
May 15, 2025Gordon Brothers, the global asset experts, has provided Carroll Fulmer Logistics Corporation a holistic, multi-pronged solution that includes $27 million in financing to optimize the transportation and logistics company’s capital structure in support of continued growth.
-
QuickFi Wins Best in Show at Equipment Finance Connect 2025
May 15, 2025QuickFi® is honored to be recognized as the “Best In Show” for its B2B embedded lending platform following a live demo at the Equipment Finance Connect 2025 conference.
-
Crestline Raises $3.5 Billion for Fourth Flagship Direct Lending Fund
May 15, 2025Crestline Investors, Inc. (“Crestline”), a global alternative investment manager, today announced the final close of Crestline Direct Lending Fund IV (“CDLIV” or the “Fund”), with $3.5bn of investable capital across the Fund, related vehicles and anticipated leverage.
-
CIBC Innovation Banking Provides ContactMonkey with Growth Capital Financing
May 15, 2025CIBC Innovation Banking announced today that it has provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. The company will use the financing to continue growing its reach globally and expand product offerings to new and existing customers around the world.
-
Lord Kim Darroch, Former UK Ambassador to the United States, Speaks at SFNet’s ILC Event
May 14, 2025At SFNet’s recent International Lending Conference in London, Lord Kim Darroch, former UK Ambassador to the United States, shared his analysis of global geopolitical dynamics, highlighting how the volatility driven by Trump’s trade agenda, geopolitical rivalries and shifting global alliances could have profound implications for financial markets, business confidence and global credit conditions.
-
24 Hour Fitness Secures $305M Credit Facility
May 14, 202524 Hour Fitness has closed a $305 million senior secured credit facility from affiliates of The TCW Group, a move aimed at bolstering liquidity and addressing upcoming debt maturities.
-
Newtopia Completes $2 Million Debt Financing, Assignment of Existing Senior Secured Credit Facility and Provides Corporate Update
May 14, 2025("Newtopia" or the "Company"), a tech-enabled whole health platform creating economically affordable and sustainable habits that prevent, slow and reverse metabolic disease, today announced the completion of a transaction that included (i) an aggregate $1.6 million in new senior secured debt financing (the "New Secured Funds"), and (ii) the settlement of $0.4 million in amounts owing to certain officers and directors for past services to the Company, for no cash consideration.
-
Ubiquity Upsizes Construction Credit Facility to $350M to Fund Additional Expansion
May 14, 2025Ubiquity, a digital communications infrastructure owner, operator, and developer has successfully upsized its Green Construction Credit Facility to $350 million, representing an incremental $75 million in debt financing, with proceeds to be used to further expand the Company's last-mile open-access fiber networks.
-
AE Industrial Partners Closes Aerospace Leasing Fund II with $418 Million in Capital Commitments
May 14, 2025AE Industrial Partners, LP (“AE Industrial”), a private investment firm specializing in National Security, Aerospace, and Industrial Services, today announced the close of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (“Aerospace Leasing Fund II”), which was oversubscribed with total capital commitments of $418 million, reflecting strong support from both existing and new investors.
-
Altimmune Secures Up to $100 Million in Credit Facility from Hercules Capital
May 14, 2025Altimmune, Inc. (Nasdaq: ALT), a late clinical-stage biopharmaceutical company developing novel peptide-based therapeutics for liver and cardiometabolic diseases, today announced that it has entered into an agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in debt financing for life science companies, for up to $100 million in a credit facility, with a $15 million tranche funded at closing.
-
Aztec Group Taps Industry Powerhouse Tamara Sablic to Support U.S. Client Expansion
May 14, 2025Aztec Group, a leading fund and investor services provider, has announced the appointment of Tamara Sablic as a Client Sales Director within its U.S. Commercial team. Based in New York, Tamara will be pivotal in driving the Group's client engagement and sales strategy across the region.
-
Axsome Therapeutics Enters $570 Million Term Loan and Revolving Credit Facility with Blackstone
May 13, 2025Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that it has entered into a $570 million term loan and revolving credit facility with funds managed by Blackstone Life Sciences and Blackstone Credit & Insurance (“Blackstone”).
-
Pyxus Upsizes Asset-Based Lending Facility with PNC Bank
May 13, 2025Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, is pleased to announce the amendment of its asset-based lending (ABL) credit facility with PNC Bank, which was initially established February 8, 2022.
-
Equify Financial Welcomes Ritzon Fernandez as Senior Vice President of Sales
May 13, 2025Equify Financial is proud to announce the appointment of Ritzon Fernandez as Senior Vice President of Sales. Fernandez offers a demonstrated history of success in commercial equipment finance and asset-based lending, complemented by extensive leadership experience overseeing regional sales operations.
-
SurgePays Announces $7 Million Debt Financing to Accelerate Growth
May 13, 2025SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point-of-sale technology company, today announced that it has entered into a $7 million senior secured convertible note (the "Note") agreement with a current institutional shareholder.
-
Versant Funds $30 Million Non-Recourse Factoring Facility to Furniture Manufacturer and Distributor
May 13, 2025Versant Funding LLC is pleased to announce it has funded a $30 million non-recourse factoring facility to a company that manufactures and distributes furniture to major brick-and-mortar as well as on-line retailers.
-
EY US Unveils Norma Kuntz of Gordon Brothers as an Entrepreneur Of The Year® 2025 New England Award Finalist
May 13, 2025Ernst & Young LLP (EY US) has announced the finalists for the prestigious Entrepreneur Of The Year 2025 New England Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors bold entrepreneurs whose innovations shape the future and pave the way for a thriving economy and a hopeful tomorrow.
-
Sallyport Commercial Finance Provides $250,000 for a Growing IT and Technical Staffing Business
May 13, 2025Sallyport Commercial Finance announced it has provided a $250,000 accounts receivable financing facility for a growing IT and technical staffing business. The facility will help meet the rising payroll demands of their temporary workforce. The client, introduced to Sallyport by our valued partners at Northrim Funding Services, is forecasting strong near-term growth and is targeting $1M+ in revenue by 2026.
© 2025 Secured Finance Network

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