The global private credit market will continue to grow in scale and complexity in 2026, having become much more diversified and widely held over the past decade, with an evolution into new structures, sectors and products, Fitch Ratings says.Private credit structures and asset classes will continue to evolve beyond closed-end investment funds and business development companies, which are expected to reach $2.3 trillion in assets under management at end-2025, according to Preqin.Private credit’s
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December 24, 2025 @ 08:15 AM
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Bloomberg reported Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation.According to the Bloomberg report, the company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, the people said, asking not to be identified because they’re not authorized to speak
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December 24, 2025 @ 08:10 AM
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Struggling retailers and their asset-based lenders can use out-of-court workouts to escape today’s escalating Chapter 11 bankruptcy costs, advised a restructuring veteran from A&G Real Estate Partners. That might sound counterintuitive at first, simply because Chapter 11 gives retailers the power to walk away from their non-core leases. But rising Chapter 11 bankruptcy costs have spurred more retailers and other companies to restructure their real estate out of court, explained A&G
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December 24, 2025 @ 08:03 AM
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Deerpath Capital Management announced a reset of Deerpath CLO 2023-2, a $353.55 million collateralized loan obligation (CLO).This marks the first reset of the 2023-2 CLO since it was originally launched in December 2023. The reset achieved a AAA spread of SOFR+147bps—down from the original SOFR+255. This marks the fourth CLO transaction of 2025 for the firm, bringing total issuance in 2025 to approximately $2.0B.The reset is Deerpath's fourth CLO issuance in 2025, with the most recent
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December 24, 2025 @ 08:00 AM
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Armada Credit Group announced the acquisition of Chain Bridge Capital Group, a Portsmouth, New Hampshire based firm, further strengthening Armada’s presence and capabilities within the specialty finance and capital markets space in North America. As part of the acquisition, Bob Rose, Managing Director of Chain Bridge Capital Group, will take on a leadership role as Senior Vice President of Armada’s Transportation division and continue working closely with Armada to support strategic growth
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December 24, 2025 @ 07:39 AM
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Oxane Partners (“Oxane”), a technology-driven solutions provider to the private credit markets, has strengthened its technology capabilities to meet the growing valuation needs across Private Credit+. This momentum is also reflected in recent independent recognition, with the firm named ‘Best Valuations Service of the Year’ at the PE Wire US Awards 2025 and recognised by Chartis for its private credit valuation capabilities for two consecutive years.As private credit funds grow larger and more
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December 24, 2025 @ 07:00 AM
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Altus Power, one of the nation’s leading long-term owners and operators of commercial-scale solar assets, announced the acquisition of a 234 Megawatt portfolio of solar generation and storage assets from Greenbacker, an energy-transition focused investment manager and independent power producer, comprising more than 100 sites across 18 states. This transaction ranks among the most significant distributed generation asset purchases in recent years, reinforcing Altus Power’s position as the
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December 24, 2025 @ 07:00 AM
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Morningstar DBRS has published commentary on the U.S. banking sector that provides a neutral outlook for the U.S. banking sector in 2026, highlighting resilience amid economic challenges. Key highlights include:
Economic Environment and Banking Performance
The U.S. banking sector is expected to perform well in 2026, supported by a generally stable economic environment, despite signs of a softening labor market and ongoing inflation.
Anticipated U.S. GDP growth is projected at 2.0% for
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December 24, 2025 @ 06:00 AM
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SouthStar Capital completed the funding of a $500,000 invoice factoring facility for a rapidly expanding services company supporting both technology and energy-related operations.The business has experienced steady growth driven by increased customer demand and the addition of new service offerings. As activity expanded and contract volume increased, the company required additional working capital to keep pace with ongoing operating expenses.SouthStar Capital provided a flexible Invoice
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December 24, 2025 @ 05:00 AM
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Zions Bancorporation announced the upcoming retirement of Paul Burdiss, President and Chief Executive Officer of the Company's Zions Bank division, operating in Utah, Idaho and Wyoming, on Dec. 31, 2025. Burdiss joined Zions in 2015 as its Executive Vice President and Chief Financial Officer, serving in that role until he assumed his current position with Zions Bank. During his more than 35-year career in the financial services industry, he also held positions at SunTrust Bank and
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December 23, 2025 @ 08:15 AM
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Huntington Bancshares and Cadence Bank jointly announced that the Office of the Comptroller of the Currency has approved the proposed merger of Cadence Bank with and into The Huntington National Bank, with The Huntington National Bank as the surviving bank.All required regulatory approvals to complete the Huntington-Cadence transaction have now been received. The merger is expected to close on Feb. 1, 2026, subject to the receipt of shareholder approvals and the satisfaction or waiver of the
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December 23, 2025 @ 08:00 AM
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eCapital Corp. delivered a $9 million freight factoring facility to support a specialized carrier with established operations serving North American supply chains.As the carrier scaled its temperature-controlled freight operations and expanded integrated services, leadership sought a single capital partner capable of delivering increased capacity, improved cost efficiency, and greater transparency across receivables. eCapital structured a purpose-built freight factoring facility aligned with the
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December 23, 2025 @ 07:58 AM
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CIBC Innovation Banking provided a $25 million USD financing facility to BinSentry, a Kitchener-Waterloo based technology company helping major agriculture enterprises optimize feed supply chains through AI-powered sensors and real-time monitoring. This capital will support the acceleration of BinSentry’s global expansion.BinSentry combines AI-powered sensors and proprietary software to bring real-time visibility and automation to the animal feed supply chain. Its solar-powered, self-cleaning
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December 23, 2025 @ 07:54 AM
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Starlab Space closed a credit facility led by Texas Capital. The company expects fundings drawn under the facility to support Starlab’s continued progress across its development plan, including long-lead investments aligned with program needs, and for general working capital.“Our credit facility strengthens our financial flexibility, providing disciplined access to capital as we advance the program on schedule,” said Marshall Smith, CEO of Starlab.
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December 23, 2025 @ 07:51 AM
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Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the investment in The Phia Group (“Phia”) by private equity sponsor InTandem Capital Partners.Founded in 2000 and headquartered in Canton, MA, Phia empowers health benefit plans and sponsors through consulting, cost containment, and plan management services. Phia reduces the cost of health benefits and improves access to quality care through innovative technologies, legal expertise, and focused
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December 23, 2025 @ 07:44 AM
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