Coral Capital Solutions, a provider of financing solutions for small and medium sized enterprises, announced that Tom Siska has joined as Chief Operating Officer. Tom will be managing all aspects of underwriting, portfolio management and operations and will work with sales and strategy to grow the existing business and expand Coral Capital’s product offering.Tom brings more than 40 years of leadership and experience in the private credit market and is recognized as one of the most innovative and
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November 07, 2025 @ 08:15 AM
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Saratoga Investment Corp., a business development company (“BDC”), entered into a new $85 million senior secured revolving credit facility with Valley National Bank as Sole Lead Arranger and Administrativve Agent, together with three additional participating banks. The Valley Facility replaces the Company’s existing $65 million senior secured revolving credit facility with Encina Lender Finance (the “Encina Facility”), previously scheduled to mature in January 2026.The Valley Facility increases
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November 07, 2025 @ 08:10 AM
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SouthStar Capital funded a $14 Million Debtor-in-Possession (DIP) Facility for a leading warehouse-staffing and national logistics company headquartered in Tennessee. The transaction included the buyout of the company’s existing DIP lender, which had reached its maximum exposure. With over $60 Million in annual revenue and a workforce that scales to more than 5,000 employees. The company required immediate access to working capital to sustain payroll, maintain operations, and navigate its
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November 07, 2025 @ 08:05 AM
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CapitalSpring, a leading sector-specialist investment firm focused on franchised and other multi-location businesses, announced a close resulting in more than $505 million of commitments for its seventh flagship investment fund, just two months after launch. The fund, which targets $1 billion in total commitments, has attracted strong early support from existing limited partners, including state and municipal pension plans, endowments, foundations, and family offices. The firm previously held a
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November 07, 2025 @ 07:49 AM
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First Citizens Wealth, the wealth management division of First Citizens Bank, published its "Beyond Wealth" study of business owners and wealthy Americans, finding they are adapting their professional and personal financial planning strategies to navigate today's evolving economic landscape. Despite challenges, optimism and resilience remain high for business owners, with nearly all saying that owning a business is "worth it.""As business owners navigate inflation, market shifts and changing
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November 07, 2025 @ 07:48 AM
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US Capital Global announced the expansion of its Zurich, London, and Dubai offices with four senior appointments: Managing Directors Richie Münch-Jindal, Teddy Carmichael, Zakaria Abdelaziz, and Vice President Najib Sayegh.These seasoned professionals bring decades of expertise across investment banking, private equity, real estate, digital assets, and emerging technologies, strengthening US Capital Global’s ability to deliver tailored financial solutions to clients across Europe, the Middle
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November 07, 2025 @ 07:06 AM
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BRG announced that Alexandra Sawyer has joined the firm’s Financial Institution Advisory practice as a director. Based in Washington, DC, she advises leading financial institutions on change management, risk mitigation, and regulatory challenges.A trusted, client-centric executive, Sawyer brings more than twenty-five years of experience delivering multimillion-dollar consulting engagements, leading high-performing and cross-functional teams, and developing innovative solutions to help banks and
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November 07, 2025 @ 07:00 AM
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During the first nine months of 2025, Encina Private Credit (Encina) provided over $485 million of first out enterprise value loans to a wide range of middle-market companies, representing a 36% increase over the same period in 2024. Encina continued to partner with direct lenders and private equity sponsors to provide acquisition financing, support portfolio companies with growth capital and finance add-on acquisitions.The new volume growth was more than enough to enable Encina to celebrate an
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November 06, 2025 @ 08:16 AM
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Total bankruptcy filings were 53,019 in October 2025, a 12 percent increase from the October 2024 total of 47,135, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings increased 7 percent to 2,820 in October 2025, up from the 2,628 commercial filings registered in October 2024. There were 634 commercial chapter 11 filings registered in October 2025, up 11 percent from the 571 filings registered in October 2024. Small business
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November 06, 2025 @ 08:15 AM
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Silver Point Capital announced that its Direct Lending business has served as a Joint Lead Arranger in the $450 million secured term loan financing supporting the acquisition of Goodyear Chemical, a leading producer of synthetic rubber, by Gemspring Capital Management.Gemspring's acquisition of the Goodyear Chemical business from The Goodyear Tire & Rubber Company (NASDAQ: GT), which was first announced in May 2025, includes two Chemical facilities in Houston and Beaumont, Texas and a related
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November 06, 2025 @ 08:12 AM
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Houlihan Lokey announced that Stephen Pollock has joined as a Managing Director in its Capital Solutions Group. He is based in New York and will strengthen the firm’s directs and secondaries advisory capabilities in its Equity Capital Solutions practice.Pollock joins following more than two decades at Keefe, Bruyette & Woods, where he was most recently a Managing Director in the Investment Banking Group, advising on a broad range of M&A transactions in the financial services and FinTech sectors
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November 06, 2025 @ 08:00 AM
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Republic Business Credit announced the promotion of William Kemp to Senior Vice President, Regional Manager. In this role, Kemp will lead Republic’s sales strategy in Texas while continuing to originate new business opportunities. He will also be responsible for building and managing a high-performing team focused on sourcing and structuring asset-based lending, factoring, and ledgered line of credit customer relationships. Reporting to Republic Business Credit President Robert Meyers, Kemp adds
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November 06, 2025 @ 07:48 AM
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nFusion Capital provided a $6 million asset based lending facility to a Southern California-based electrical contractor. The financing will support the company’s large project backlog and accelerate its regional expansion.The Company provides design, engineering, construction, service, and maintenance solutions, specializing in hotels and mixed-use multi-family buildings such as large apartment complexes. At the forefront of construction technology implementation, the Company is a full-service
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November 06, 2025 @ 07:43 AM
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First Citizens Bank announced that Mike Spencer has joined the company as Managing Director of Middle Market Banking in Atlanta. In this role, Spencer will expand First Citizens' middle market banking presence throughout Georgia and nearby markets."Mike's deep sector expertise, coupled with a proven track record of building long-term client relationships to help businesses reach their full potential, make him an excellent addition to our team," said Matt Tollenaer, Managing Director and Market
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November 06, 2025 @ 07:38 AM
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Big Shoulders Capital announced that seasoned industry veteran Tim Serritella has joined the company as Senior Vice President. Serritella will be responsible for developing business for all of the firm's verticals with a focus on expanding their equipment-based lending portfolio, distressed bank note purchases and auction services.Serritella has a long history in the banking and finance industry and is firmly entrenched in the business community as an active member of the TMA, SFNet, IFA and ACG
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November 06, 2025 @ 07:19 AM
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