In June, SFNet was successful in getting an amendment to the California Commercial Finance Disclosure Law granting lenders a safe harbor (which goes into effect on January 1, 2024) in the event that estimates are made in good faith, but do not match the borrower’s actual subsequent experience.

Kirkland & Ellis advised Brookfield, as the majority shareholder of the Schoeller Allibert Group, a European market leader of returnable industrial plastic packaging solutions, in relation to its successful comprehensive recapitalisation effective 7 December 2023.

Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that it has entered into a new US$88 million senior secured term-loan credit agreement with a group of lenders led by First Eagle Investments, as lead arranger and sole bookrunner, and administrative agent.

A new survey on mergers and acquisitions (M&A) disputes from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that dispute activity has increased — along with an increase in overall deal volume.

First Citizens Bank today announced that its Healthcare Finance business served as joint lead arranger and joint bookrunner on financing for The Halifax Group's acquisition of the Worldwide Home Care division of Sodexo, a global home care services platform for personal and complex services for seniors and individuals with disabilities or chronic conditions.

The Mobile Repair Team (MRT), is a specialist aviation company that focuses on the structural repairs of corporate aircraft worldwide. Having successfully secured a $1,250,000 factoring facility with Marco this will enable the MRT to further grow their capacity to support both existing and new customers in this dynamic and growing industry.

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility.

Sidley represented Durango Permian LLC, a portfolio company majority owned by funds managed by Morgan Stanley Energy Partners, in a senior secured credit facility valued at US$325 million. Durango Permian LLC is a subsidiary of Durango Midstream, a leading natural gas gathering, processing, and marketing company providing world-class midstream services to oil and gas producers.

Sunlight Financial Holdings Inc. (“Sunlight Financial”, “Sunlight” or the “Company”), a technology-enabled point-of-sale finance company, today announced that it has successfully completed its Chapter 11 restructuring process and emerges as a stronger company with a clear vision for the future.

Merchant Growth, a leading provider of financing for small businesses, is proud to announce a $300 million forward flow facility provided by funds managed by affiliates of Fortress Investment Group LLC ("Fortress") with Raymond James serving as the financial advisor to Merchant Growth Ltd.

Capstone Green Energy Holdings, Inc. (the “Company”), the public successor to Capstone Green Energy Corporation (Predecessor Capstone), announced the successful completion of the restructuring of the Capstone business and emergence from Chapter 11 bankruptcy.

As you may be aware, the Small Business Finance Association , a trade association representing various entities which finance future sales, filed a lawsuit in California federal district court seeking to enjoin the California Department of Financial Protection and Innovation (DFPI) from enforcing the final regulations (Regulations) issued by the DFPI to implement California’s commercial financing disclosure law.

Troika Media Group, Inc. (Nasdaq: TRKA) ("Troika" or the "Company"), a consumer engagement and customer acquisition group, has announced that it has entered into a restructuring support agreement with certain funds managed by Blue Torch Finance LLC ("Blue Torch"), the Company's senior secured lenders, pursuant to which Blue Torch would acquire substantially all of the assets of the Company via a stalking horse credit bid.

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, increased to 132.9 in the fourth quarter from 129.6 in the previous quarter on a seasonally adjusted basis.

Golub Capital announced today that it is one of the lead investors in Ruby Reinsurance Company (“Ruby Re”), a newly formed reinsurance sidecar vehicle sponsored by Reinsurance Group of America, Incorporated (“RGA”) that enhances RGA’s access to capital for their growing U.S. asset intensive business.

SSG Capital Advisors, LLC (“SSG”) served as the investment banker to a commercial bakery (the “Company”) in the Company’s recapitalization. The transaction provided additional liquidity to support growth and strategic initiatives and closed in November 2023.

Kizik, the leading footwear company known for its innovative hands-free designs, is pleased to announce the successful amendment of its credit facility with JPMorgan Chase.

Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, announced that it has amended its $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital (“OIC”) to extend the commitment period for undrawn capital available under the term loan facility by one year to November 2024. No other material terms were changed.

The Amended RCF continues to be led by The Bank of Nova Scotia acting as lead arranger, sole bookrunner and administrative agent and is comprised of five banks - all of which were participants in the previous facility. Trican will pay customary fees and expenses at prevailing market rates to the lending syndicate as a condition of this amendment.

Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Best Egg, Inc., a leading fintech that provides flexible solutions to help people with limited savings confidently navigate their everyday financial lives, have announced a $150 million credit facility, which will allow the partners to provide financial control to even more consumers and landlords through the Best Egg Flexible Rent program.