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According to a Bloomberg report,  Antares Capital is looking to raise as much as $6 billion for its third senior loan fund.According to the Bloomberg report, the direct lender’s third fund has a target of $5 billion to $6 billion, though that figure... Read Story

Filed Under: Industry News
June 18, 2024 @ 08:05 AM

Citizens Financial Group announced that Don McCree, Head of Commercial Banking, has been appointed as Senior Vice Chair of Citizens.Chairman and CEO Bruce Van Saun commented: “This appointment recognizes Don’s strong performance and leadership since... Read Story

June 18, 2024 @ 08:03 AM

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, upsized a $10 million factoring facility to a leading worker management software company by an additional $15 million. The now $25 million factoring facility will serve... Read Story

Filed Under: Technology
June 18, 2024 @ 08:00 AM

Huntington Business Credit acting as administrative agent closed $70,000,000 in new credit facilities with financing partners Proterra Investment Partners and Farm Credit Services of America to support Stellex Capital Management’s acquisition of The... Read Story

June 18, 2024 @ 07:38 AM

Encina Private Credit served as administrative agent providing a first out tranche in a senior secured credit facility supporting Sparkstone Electrical Group (“Sparkstone”).  Sparkstone is a provider of custom-engineered electrical power distribution... Read Story

Filed Under: Electronics
June 18, 2024 @ 07:33 AM

LSQ originated a $3 million accounts receivable credit facility for a Florida-based fixed wireless internet provider.The company was referred to LSQ by a wealth management partner.As part of the partnership, LSQ will also provide the company with... Read Story

Filed Under: Technology
June 18, 2024 @ 07:18 AM

Amerisource Business Capital closed and funded a $2,000,000 working capital facility for a beverage manufacturer based on the West Coast. The working capital revolver will enable the company to capitalize on growth opportunities, optimize its... Read Story

Filed Under: Beverages
June 18, 2024 @ 07:16 AM

King Trade Capital (“KTC”) completed a $1.5 million purchase order-based production finance facility for a dry baked goods manufacturer in the western U.S. KTC was referred to the client by an asset-based lender that couldn’t help with the company's... Read Story

June 18, 2024 @ 07:14 AM

Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company... Read Story

Filed Under: Packaging
June 18, 2024 @ 07:10 AM

Kapitus, a provider of financing for small and medium sized businesses, closed a $45 million investment-grade corporate note financing. The closing of this most recent financing increases the Company’s total debt facilities to $585 million. Proceeds... Read Story

Filed Under: FinTech
June 18, 2024 @ 07:00 AM