A new era of uncertainty will test resilience of direct lending portfolios. S&P Global Ratings anticipates the immediate impact of the Trump administration’s tariff policy will be contained for direct lending portfolios due to their predominantly domestic focus and emphasis on services.

Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.

Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.

Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's" or the "Company"), a specialty retailer of home décor and furnishings, today announced the closing of a $5.2 million expansion of the existing credit agreement with Beyond, Inc. ("Beyond"). The upsized facility strengthens Kirkland's financial position, providing flexibility for general working capital purposes and support for the Company's updated store conversion strategy.

Utica is pleased to announce the closing of a $3,100,000 Capital Lease for a Permian Basin oilfield services and aggregates provider. Secured by heavy construction machinery, site‑development equipment, and aggregate processing assets, this transaction enables the company to refinance existing debt and strengthen its working‑capital position.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has agented a $130 million senior secured revolving credit facility for Panavision Inc. (“Panavision”). Panavision, a sponsor-owned company, is a premier global provider of high-precision cinema lenses, cameras, lighting equipment, and post-production services for the motion picture, television, and commercial markets.

Gibraltar Business Capital is pleased to announce that Andrew Gustin has joined as SVP of our Midwest Region. Andrew will lead origination activities across the Midwest to support GBC’s strategic expansion, offering asset-based loans between $10MM and $100MM to businesses looking for non-dilutive capital.

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $7.5 million asset-based facility to a west coast based corporate relocation and housing company (“the Company”). The credit facility provides availability against accounts receivable and an overadvance facility to provide additional working capital for certain startup expenses.

NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 million in letter of credit availability.

Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the promotion of Steven Zandpour to executive vice president, head of consumer and business banking, effective July 1, 2025. Zandpour will succeed David Stein, who has announced his intent to retire at the end of 2025 after more than 20 years with the company.

Richmond-based Tredegar Corporation (NYSE:TG), a manufacturer in the nonferrous metal industry with a market capitalization of $280 million, has amended its asset-based lending (ABL) facility, according to a recent 8-K filing with the Securities and Exchange Commission.

Apollo (NYSE: APO) today announced it has closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.

The SAF Group ("SAF"), one of Canada's leading alternative capital providers, is pleased to announce that Nur Khan has joined the firm as Managing Director to lead its newly launched Asset-Based Finance ("ABF") strategy.

Pemberton Asset Management (“Pemberton”), one of Europe’s leading private credit managers, today announces the successful completion of its Direct Lending fundraising cycle, exceeding targets with a total of €8.4bn.

Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the refinancing of GovSpend by Thompson Street Capital Partners.

MPOWER Financing ("MPOWER"), a mission-driven fintech firm and the leader in international student financing, today announced the completion of its second securitization, MPOWER Education Trust 2025-A ("MPOWR 2025-A").

The Secured Finance Network (SFNet) recently released its Q4 2024 Asset-Based Lending Index and Lender Confidence Index, offering a snapshot of a resilient ABL market.

Redaptive, a leading Energy-as-a-Service (EaaS) provider, today announced the successful closing of a $650 million (CAD 903 million) credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA.

Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or the “Company”), a leader in plant-based meat, today announced it has successfully closed on a financing facility providing up to $100 million in new senior secured debt from Unprocessed Foods, LLC (“Unprocessed Foods”), an affiliate of Ahimsa Foundation, a non-profit organization focused on advocating for plant-based diets.

Quickpay Funding has established a $2 million factoring facility for a Texas-based company specializing in the repair, inspection, and rewinding of high voltage generators. The company, which plays a vital role in maintaining critical infrastructure by supporting major turbine and hydrogenerator projects, selected Quickpay Funding to overcome cash flow challenges inherent to their industry’s extended payment terms.