Mayer Brown announced today that Aideen Brennan has joined the firm as a partner in its global Corporate & Securities practice in New York, further strengthening its financial services, mergers and acquisitions (M&A) and private equity offerings. She was previously at Sidley Austin LLP.

MEC intends to fund the transaction through cash and borrowings under its existing $250 million syndicated credit facility with Wells Fargo Bank, National Association, as administrative agent. Wells Fargo Bank and JPMorgan Chase Bank, N.A. have committed an additional $50 million in incremental commitments under the credit facility, subject to customary conditions, to support the ongoing needs of the business, which will be documented as an amendment to the existing credit facility.

Hundreds of lots of embroidery, screen printing, cut and sew, industrial washing and drying and related assets will go to auction on June 10 in a major textile-embellishment sale by Tiger Group and Asset Remarketing International.

Traditional banks are losing their grip on industry growth, according to a new report from Boston Consulting Group (BCG). The global banking industry has grown at a compound annual growth rate (CAGR) of 4% over the past five years, but traditional banks are ceding the most valuable ground to fintechs, digital attacker banks, private credit funds, and nonbank market makers.

Ares Commercial Finance (“ACF”) announced today that it has provided a $15 million senior secured revolving line of credit to Shimmick Corporation (“Shimmick” or the “Company”), an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation.

SFNet Secured Finance Certified Professional (SFCP) program, offered to employees of SFNet members, features a robust curriculum of live online courses. Certification criteria are designed to reinforce industry excellence, elevate professional standing, and propel careers forward. Here, we spotlight one of our first SFCPs, Vince Mancuso, EVP, sales director, Bay View Funding.

Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today provided additional details on the debt financing with a U.S. Headquartered Bank, established to fully refinance the company's existing debt, while also supporting ongoing growth and financial strategy.

GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the second tranche of its previously announced secured term loan offering

Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) announced today that NFS Leasing Canada Ltd. (“NFS”) has advanced to the Company a $2 million senior secured business purpose loan pursuant to a term note (the “NFS Term Note”) and has entered into a binding term sheet for an additional senior secured term loan of up to $4 million (the “NFS Term Loan”).

Alter Domus, the leading global provider of tech-enabled fund services for the private equity, real assets and private debt sectors, today appointed Charlotte Hogg as CEO. After a distinguished career of over 25 years in financial services, across both the public and private sectors, Ms. Hogg joins Alter Domus from mid-summer.

Armory Securities, LLC is pleased to announce that PURIS Proteins has successfully raised over $100 million of debt capital. The proceeds were used to refinance existing indebtedness and provide additional liquidity to support the Company’s continued growth initiatives. Armory Securities served as the exclusive financial advisor and placement agent to PURIS for the transaction.

BizCap®, a national commercial finance and advisory firm, announced that it has successfully structured and secured a multi-million dollar financing package for a leading IT firm, a provider of advanced cloud-managed WiFi and wireless networking solutions. With this new capital, the company is set to expand its production capacity and support recent commitments from major players in the mobile payment space.

BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced it has entered into a new $40 million term loan provided by Sound Point Agency LLC. The agreement will offer BuzzFeed increased financial flexibility to support its business operations, simplify its capital structure, and invest in strategic initiatives.

Tiger Finance and JPMorgan Chase have provided a lifestyle growth brand incubator with $141 million in strategic financing. The revolving line of credit/term loan consists of $26 million provided by Tiger Finance and $115 million provided by JPMorgan Chase.

Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $11,430,000 revolving line of credit, equipment term loan, and real estate term loan to fund the acquisition of a manufacturer making roof trusses and wall panels in Indiana.

1st Commercial Credit, LLC, a national leader in accounts receivable financing, trade payable finance, and invoice factoring, announces the launch of its new Ledger Lines program—providing revolving credit facilities of up to $20 million, backed by receivables and tailored for high-growth businesses.

Holland & Knight advised ArtCap Advisory Services Ltd. (ArtCap) as sole lead arranger and administrative agent, as well as the lenders, on an acquisition finance transaction consisting of a senior secured term loan and a revolving credit facility of approximately $50 million. The transaction closed on May 8.

After two decades as one of the most renowned furniture destinations in Southern California, HD Buttercup has announced it will be closing its doors and liquidating all inventory across its Culver City and Costa Mesa showrooms

Aurora Management Partners is pleased to announce Glenn Bartley will join the Firm as a Managing Director effective May 19, 2025. Glenn will be charged with overseeing the firm’s presence in the Ohio and Midwest regions while also providing financial advisory services on the firm’s client engagements.

Huntington Business Credit closed a $12,000,000 new credit facility with Local Crafts Group, LLC on April 4, 2025. Local Crafts Group, LLC is a portfolio company of Cleveland, Ohio headquartered private equity firm, Blue Point Capital Partners. Proceeds of the facility were used to finance an add-on acquisition and provide ongoing working capital financing.