Cadence Bank announced the rebrand of AloStar Capital Finance, a division of the bank that provides asset-based lending (ABL) and specialty finance solutions, to Cadence Business Finance (CBF). Along with its new name, logo and website, the rebrand...
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September 18, 2020, 09:10 AM
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AloStar Capital Finance successfully agented and closed a $30 million credit facility to BlackRiver Business Capital (doing business as ACG Equipment Finance), an equipment finance company focused on the small-to-mid-ticket market from $10,000 to...
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July 31, 2019, 08:50 AM
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Forward Financing, a provider of technology-enabled alternative financing solutions for under-served small businesses, has closed on a $90 million credit facility, consisting of a $60 million senior revolving credit facility and a $30 million junior...
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April 09, 2019, 08:55 AM
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AloStar Capital Finance announced that the acquisition of Fenix Parts, Inc. by Stellex Capital Management has been recognized as the “Out-of-Court Restructuring of the Year” in the under $100 million category in the 13th Annual Turnaround Awards by...
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March 19, 2019, 08:14 AM
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AloStar Capital Finance successfully agented and closed a committed credit facility for Kellton Tech and its subsidiaries, an information technology and outsourcing company headquartered in India. This strategically meaningful line of credit will...
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November 09, 2018, 07:07 AM
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Flat Rock Capital Corp. announced that it has entered into a $20 million financing facility with AloStar Capital Finance, a division of State Bank and Trust Company.
“We are excited to complete another milestone transaction in the growth of Flat...
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October 22, 2018, 07:10 AM
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AloStar Capital Finance announced the addition of Jonathan Schuster to its new business origination team. Based in AloStar’s Los Angeles office, Schuster will be responsible for sourcing both asset-based and lender finance deals for the West Region...
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September 27, 2018, 07:18 AM
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AloStar Capital Finance successfully agented and closed a $20 million committed credit facility to facilitate the recent acquisition of Fenix Parts, Inc. (Fenix Parts), a leading recycler and reseller of original equipment manufacturer automotive...
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September 18, 2018, 07:10 AM
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AloStar Capital Finance successfully closed an $11.8 million committed credit facility to American-Marsh Pumps (“American-Marsh”), a global supplier and manufacturer specializing in pumping applications. “American-Marsh is pleased to establish this...
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August 17, 2018, 08:10 AM
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SWK Holdings Corporation, a life science focused specialty finance company, announced that it has closed a $20 million revolving credit facility with AloStar Capital Finance, a division of State Bank & Trust.SWK intends to use the credit facility to...
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July 05, 2018, 07:12 AM
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AloStar Capital Finance successfully agented and closed a $12 million committed credit facility to Contec, LLC, a portfolio company of an affiliate of the Garrison Investment Group, a testing and repair services company servicing the cable television...
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June 22, 2018, 07:09 AM
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AloStar Capital Finance recently provided a $20 million committed credit facility to McGinty Road Partners (MRP), an opportunistic, absolute value-focused, credit-centric manager.“As our firm matures and our portfolio of clients grows, this...
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June 15, 2018, 07:09 AM
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AloStar Capital Finance successfully agented and closed a $20 million committed credit facility to Kimco Facility Services, a national provider of cleaning services for the commercial, retail, industrial, municipal and hospitality industries.“With...
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June 13, 2018, 07:11 AM
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AloStar Capital Finance successfully agented and closed a $50 million committed credit facility for KCAP, a publicly traded Business Development Company (BDC).“Thanks to AloStar, we will be able to expand our portfolio and grow investment...
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June 07, 2018, 07:08 AM
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Randy Lederman, a veteran corporate finance and business development specialist, has been named business development director of AloStar Capital Finance with responsibility for the New York City region. Lederman will focus on raising the visibility...
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February 09, 2018, 07:45 AM
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AloStar provided a $20 million commitment to Shiekh Shoes LLC, a limited-edition footwear and apparel retailer in Ontario, California.
Founded in 1991, Shiekh Shoes is the largest independent sneaker retailer on the West Coast. The retailer operates...
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May 16, 2017, 07:20 AM
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AloStar Capital Finance announced the funding of 12 new transactions in the first of 2017 with commitments totaling more than $175 million. This is AloStar’s best new business quarter in its six-year history.AloStar’s first quarter fundings...
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May 10, 2017, 07:21 AM
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David J. Turco, a veteran corporate finance and business development specialist, has been named Business Development Director of AloStar Capital Finance with responsibility for the six-state New England area. Turco will focus on raising the...
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November 30, 2016, 07:40 AM
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AloStar funded an $8 million revolving credit facility to Fouts Bros., a manufacturer of van bodies and municipal fire trucks. Fouts Brothers was founded in 1952 and is based in Smyrna, GA. “We actively seek lending partners with a long history of...
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August 09, 2016, 07:38 AM
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Fora Financial, a provider of flexible working capital solutions to small businesses, announced the closing of a $52.5 million senior revolving credit facility. A group of four financial institutions will participate in the new facility, with AloStar...
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May 20, 2016, 07:55 AM
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