Cerebro Capital recently announced they had facilitated over $90MM in financings for 10 companies. Cerebro is a technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, and other less conventional structures.

Versant Funding LLC is pleased to announce it has funded a non-recourse factoring transaction to a company which provides maintenance and repair services for state-owned properties. ​

Transom Capital Group (“Transom”), a private equity firm focused on operational improvements in the middle market, today announced the final close of Transom Capital Fund IV at $675 million in capital commitments, more than double the size of its previous fund and exceeding its target and initial hard cap.

Wingspire Capital provided a $25 million revolver to Aftermarket Performance Group (“APG”), a leading vertically integrated wholesale distributor, e-tailer, and manufacturer for performance aftermarket parts and accessories for enthusiasts in the compact performance, Jeep, off-road, and pickup truck markets and includes top brands of Northridge 4x4, Stage 3 Motorsports, PRL Motorsports, Adams Driveshaft and Rallysport Direct.

Climate First Bank (www.climatefirstbank.com), the world’s first FDIC-insured digital community bank founded to combat the climate crisis, today named Ryan Jaskiewicz President of its newly-created Structured Finance division. The addition will accelerate Climate First Bank’s growth by offering customers Factoring and Asset Based Lending, in addition to other specialty finance offerings to come.

DraftKings has opened a new $500 million credit facility, a move that will give the company easy access to more—and cheaper—liquidity should it need the money in the next few years. The new $500 million revolving credit facility, taken out this week with a syndicate led by Morgan Stanley, replaces a $125 million facility that the gaming company (Nasdaq: DKNG) entered into with Banc of California and Citizens Bank in December 2022.

Founded in 1892, Tauber-Arons has been owned and operated by the same family for four generations. It is the nation's most established, experienced industrial auction company.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS), a California-based finance services company, has amended a key credit agreement, increasing its borrowing capacity to support its auto loan financing business. The amendment, effective as of November 1, 2024, was disclosed in a recent SEC filing.

ATC Managers has successfully closed a $28 million construction loan to finance a new retail shopping center that is already approximately 40% pre-leased.

Dwight Funding ("Dwight"), an asset-based lender specializing in growth-stage consumer brands, has deployed $250 million of credit commitments year to date, including several multi-million

Dext Capital (Dext), the leading essential-use healthcare and technology equipment lessor, announced the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.

Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $10 million venture loan facility to Ursa Space Systems Inc. (“Ursa Space”).

Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced the successful closing of a new senior secured revolving credit facility with East West Bank serving as agent and the initial lender (the “Revolving Credit Facility”).

Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines, today announced that on November 6, 2024, the Company entered into a new $30 million credit facility with Avenue Venture Opportunities Fund, L.P., a fund of Avenue Capital Group.

Winston & Strawn LLP represented SPAC Advisory Partner LLC, Inc., as underwriters' counsel, in connection with GSR III Acquisition Corp., a blank check company, in the closing of its initial public offering of 20,000,000 units.

PPL Group executed a successful two-day auction, selling over 1,000 lots of equipment and inventory, including fabrication, welding, and laser cutting machinery, and $1.5MM+ of kitchen appliances including refrigerators, freezers, and fryers for a Florida company who was previously the largest American manufacturer of food trucks.

REV Capital (“REV”), a leading provider of cashflow solutions to growing companies in North America, announced the successful implementation of a $15MM factoring facility to a prominent transportation company in Ontario.

The Hedaya Capital Group recently provided a $750,000 factoring facility to an established staffing company based in New Jersey but operating nationwide. The Disability-Owned Business Enterprise (DOBE) provides temporary business professionals for the information technology, business services, engineering, manufacturing, scientific, healthcare, legal, and finance industries across multiple verticals through a centralized recruiting and delivery model.

Steeplechase Advisors, LLC is a nationally recognized turnaround consulting, restructuring and transaction advisory firm. We focus extensively on middle market businesses. As part of our continued growth, we are pleased to welcome Ms. Heather Rachel to our consulting team.

First Business Bank's Accounts Receivable Financing group announces the implementation of robotic automation, powered by AI. Nicknamed "Astro," the automation system processes a substantial volume of factoring client cash transactions. The company plans to expand its implementation across multiple factoring operations in the future.