Encina Lender Finance (ELF) closed an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide. Bill Laird, Head of Risk for ELF’s consumer vertical...
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September 25, 2023 @ 08:00 AM
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The Wall Street Journal reported Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial number of its more than 2,100 drugstores, citing people familiar with the talks.According to the...
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September 25, 2023 @ 08:00 AM
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Capstone Copper amended its existing revolving credit facility to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027. The Amended Credit Facility will bear interest on a...
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September 25, 2023 @ 07:50 AM
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Drift Capital, an alternative asset manager providing fractional investments in a diversified portfolio of collectible automobiles, launched its inaugural Drift Capital Fund I, L.P. (the “Drift Fund” or “Fund”). The closed-end Drift Fund, the first...
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September 25, 2023 @ 07:48 AM
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Sprott announced that Sprott Private Resource Lending Fund III (“Fund III”) has completed its final closing. With the close of Fund III, total assets under management of Sprott Resource Lending Corp (“SRLC”) stands at U.S.$1.5 billion within the...
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September 25, 2023 @ 07:45 AM
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Dominick Longo has joined Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, a Wintrust Community Bank, as senior vice president, chief credit risk officer. Longo will be located in Maywood, New Jersey, and is focused on...
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September 25, 2023 @ 07:40 AM
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For the second consecutive year, H.I.G. Growth Partners was named one of the Top Private Equity Firms of 2023 by GrowthCap, an advisory firm specializing in growth capital. The award further establishes the firm’s place as a leading growth equity...
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September 25, 2023 @ 07:00 AM
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Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with more than $7.5B in owned and managed assets, announces that industry veteran Carl Bretzman has joined the company to manage and grow business...
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September 25, 2023 @ 06:00 AM
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Wells Fargo announced that Thomas R. Nides will join the company in October as Vice Chairman, reporting to CEO Charlie Scharf and joining the company’s Operating Committee.As Vice Chairman, Tom will have a broad role across the company. He will be a...
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September 22, 2023 @ 08:05 AM
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Texas Capital Bancshares, the parent company of Texas Capital, has appointed Amos McDonald as head of Business Banking, effective immediately. McDonald is based in The Woodlands, Texas, and is responsible for setting and driving production goals...
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September 22, 2023 @ 08:00 AM
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