Nine members of the House Financial Services Committee, led by Rep. Young Kim (R-CA), have sent a letter to financial regulators emphasizing that the Basel III Endgame proposal must be properly calibrated to account for the risk-mitigating features of asset-based lending (ABL). Addressed to Federal Reserve Chair Jerome Powell, FDIC Chair Martin Gruenberg, and Acting Comptroller of the Currency Michael Hsu, the letter underscores the critical role ABL plays in financing U.S. businesses, particularly small and medium-sized enterprises.

The Asset-Based Lending Division of Renasant Bank is pleased to announce three recent fundings, totaling $63 million. These new Asset-Based Lines of Credit include an $8 million facility for a modular building manufacturer, a $15 million line for a staffing company, and a facility increase from $25 million to $40 million for a provider of capital solutions to lenders. All of these companies are based in the Southeast.

The Asset-Based Lending Division of Renasant Bank is pleased to announce three recent fundings, totaling $63 million. These new Asset-Based Lines of Credit include an $8 million facility for a modular building manufacturer, a $15 million line for a staffing company, and a facility increase from $25 million to $40 million for a provider of capital solutions to lenders. All of these companies are based in the Southeast.

Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced an increase to $600 million of total commitments under its credit facility led by KeyBank N.A.

Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, announced today that its operating partnership has amended and extended its $3 billion revolving credit facility (“Credit Facility”), as well as made conforming amendments to its outstanding term loans in connection with the Credit Facility.

Wire 3, a leading provider of high-speed fiber-optic internet, today announced the closing of a $115 million credit facility. The facility, led by Woodforest National Bank, CIBC, and JPMorgan, with participation from Axiom Bank, will support the continued expansion of Wire 3's state-of-the-art, 100% fiber-optic network across Florida.

The Huntington National Bank has hired industry veteran Christopher Wood to grow its capital markets activities that help corporate and sponsor-owned companies finance investments, acquisitions and other strategic transactions.

The Asset-Based Lending Division of Renasant Bank is pleased to announce three recent fundings, totaling $63 million. These new Asset-Based Lines of Credit include an $8 million facility for a modular building manufacturer, a $15 million line for a staffing company, and a facility increase from $25 million to $40 million for a provider of capital solutions to lenders. All of these companies are based in the Southeast.

Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced that Patrick Norton has joined Rosenthal as EVP and Head of Equipment Leasing.

eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announces a combined $5 million confidential factoring facility to support the turnaround and growth of two nutraceutical and health supplement companies.

J.F. Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, today announced the successful closing of its latest flagship fund, JFL Equity Investors VI, L.P. and affiliated investments vehicles ("Fund VI").

Fora Financial, a leading provider of flexible financing to small- and medium-sized businesses (SMB) nationwide, today announced the closing of a two-year, $200 million revolving credit facility. ATLAS SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds, will serve as senior lender for the credit facility, joined by TPG Angelo Gordon as participating lender.

Access Capital announced it funded Luna Companies LLC. Luna Companies LLC, formed in 2024, provides contracted physicians, commonly known as locum tenens, across the U.S., a rapidly growing segment of the healthcare staffing industry. Luna Companies has ambitious plans for significant growth in the next 12 months.

Franklin Capital is proud to announce the completion of a $500,000 invoice finance facility for a UK-based beauty products company with subsidiaries in Europe and the US.

BriteCap Financial LLC ("BriteCap"), a leading non-bank lender providing small businesses with fast, convenient, and affordable working capital, announced today the appointment of Dave Lafferty as Chief Credit Officer. Dave has 30 years of experience in credit, risk, underwriting, and portfolio management.

Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of JobNimbus by Sumeru Equity Partners.

Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a new $230 million senior secured credit facility (the “Financing”) for Pollo Tropical, a Miami-based quick-service restaurant chain specializing in Latin-Caribbean-style cuisine.

As the 2024 year closes out, the Flatbay Capital team is thankful to have had the opportunity to contribute to multiple businesses. Not only do we celebrate the funding of a company, but their successful turnaround. We are proud to present 5 summaries from: a Serial Entrepreneur’s New Business, a Family-operated Roofing Company, a Houston-based Pipe Coating Company, aSan Antonio-based Auto Repair Shop, and a Mexican Avocado Farm.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $55 million senior secured term loan facility with AirBoss of America Corp. (“AirBoss”), the second largest rubber solutions and custom compounding company in North America.

Synovus has launched its newest initiative, AccelerateTM Trade, a portal for international business clients to manage global trade finance products more efficiently and transparently.