Innovative Solutions & Support (IS&S) entered a new five-year, $100 million committed credit agreement with a lending syndicate led and arranged by JPMorgan Chase Bank. The Credit Agreement replaces the Company's existing $35 million line of credit. Under the terms of the Credit Agreement, the new credit facilities bear interest at Term SOFR plus 175 to 275 basis points, with the applicable margin determined by the Company’s total net leverage ratio, as calculated in accordance with the Credit
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MONTICELLOAM, LLC, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $217,000,000 floating-rate senior bridge loan to be used for the acquisition and refinance of a New York skilled nursing portfolio. The financing carries a 36-month term and supports the Sponsor, a returning healthcare client of MONTICELLOAM, in acquiring two skilled nursing facilities and refinancing two stabilized facilities. Together, the four properties comprise over 1,000
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Portage Point Partners announced the addition of Robert Albergotti as Managing Director to the Turnaround & Restructuring Services (TRS) practice.Albergotti has spent more than two decades serving as Chief Restructuring Officer, interim CFO and lead advisor on complex Chapter 11 and out-of-court restructurings – ranging from asset divestitures to debt refinancing and DIP financings. He specializes in business planning, financial reporting, treasury management, Chapter 11 administration and
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The Equipment Leasing and Finance Association has released its June CapEx Finance Index showing that equipment demand eased from May to June; likewise, new business fell in June. Highlights include:
FORECAST: The change in new business volumes (NBV) suggests a 4.5% decline in new durable goods orders in June.
Total new business volume was $9.6 billion on a seasonally adjusted basis in June, a decrease of 7.4% from May.
NBV year-to-date contracted by 1.8% relative to the same
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Octus announced its comprehensive recap of the collateralized loan obligation (CLO) market for the first half of 2025. The company also introduces its CLO League Tables with rankings data of top participants across the U.S. and European markets, further enhancing transparency and analytical capabilities for market participants."The first half of 2025 presented a complex and dynamic landscape for the CLO market, highlighted by significant volatility, evolving policy shifts, and strategic global
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Gordon Brothers provided C$30 million to finance the Canadian women’s clothing retailer Northern Reflections’ acquisition of two other Canadian women’s retailers, Cleo and Ricki’s.The firm’s financing, consisting of a C$20 million revolving credit facility and a C$10 million incremental commitment, supported Northern Reflections brand portfolio expansion and will continue to fund future growth under the brand’s new owner Putman Investments.“We're proud to support Northern Reflections’
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5C, a next-generation AI infrastructure and data center solutions provider, secured $835 million of capital to fuel its rapid growth. The funding includes equity financing led by Brookfield Asset Management and debt financing led by Deutsche Bank. Brookfield is investing through its Infrastructure Structured Solutions strategy, alongside affiliated entities. This capital will accelerate the development of 5C's state-of-the-art data centers and scalable AI infrastructure across North America
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Peter Palladino, a leading finance practitioner known for his loan structuring and negotiation, workout and insolvency experience, has joined Holland & Knight as a partner in Boston. Palladino was previously a partner at Choate Hall & Stuart, where he served in various leadership roles.“We are delighted to welcome Pete to our Financial Services Team. His focus on complex leveraged financings, recapitalizations and restructurings and other special situation facilities, along with his reputation
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Salem Five Bank, a full-service financial services organization with over $8B in assets, provided a credit facility to BWD Technologies (Blanking Without Dies), representing the first asset-based lending (ABL) initiative from its new Business Credit team. The $15 million financial package, designed to further fuel the laser blanking leader’s expansion in the automotive industry, enables BWD to acquire essential equipment immediately while providing funding for future needs. The agreement
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Encina Private Credit provided a $150 million commitment consisting of a revolver and term loan in the $525 million Senior Secured Credit Facility. Encina is serving as Revolver Agent in support of Centerbridge Partners and VSS Capital Partners portfolio company Specialty1. Specialty1 is a leading provider of dental surgical services, specializing in essential, non-deferrable care across endodontics, oral surgery, and periodontics. The company had outgrown its bank-led facility and sought a
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Rosenthal Capital Group (RCG), completed a $10.5 million asset-based loan (ABL) facility for a leading textile manufacturing and distributor based in New York. An established company in business for more than 100 years, the client was seeking an alternative lender after its existing bank changed its lending parameters. Already familiar with RCG through long-standing relationships with key executives, the senior management team approached RCG to explore alternative financing options. RCG was able
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Mountain Ridge Capital ("MRC") closed a $6.0 million senior secured credit facility to a California based consumer products company. The MRC facility will be utilized for working capital purposes to achieve growth and operational objectives. MRC differentiated itself from competitors by providing a thoughtful approach and certainty to close.MRC’s Trevor Courtney stated, “We are grateful for the opportunity to fund this revolving line of credit for a company that has a differentiated product
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Ares Management Corporation announced enhancements to its Infrastructure Debt team, including the most recent addition of Jon Plavnick as a Partner. Plavnick is based in New York and will focus on sourcing, structuring and managing infrastructure debt investments throughout the Americas. In addition, Spencer Ivey, Ares Partner and Head of Americas and Asia-Pacific Infrastructure Debt, has relocated to Ares’ Sydney office to help accelerate the strategy’s buildout in the Asia-Pacific
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eCapital delivered a $6 million accounts receivable facility to accelerate the trajectory of a Midwest-based logistics company. Referred by a commercial banker, the facility replaces a previous $1.5 million bank line, providing increased access to working capital to fund strategic expansion initiatives.Known for its high-value, visibility-critical shipments, the company offers comprehensive logistics and transportation solutions with a strong focus on service quality and supply chain reliability
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Kapitus, a leading provider of financing for small and medium-sized businesses, closed a $250 million asset-backed securitization (ABS). The facility, which has a 3-year revolving period and is expandable to $500 million, was rated by Kroll Bond Rating Agency, LLC (KBRA), with Truist Securities, Inc., as the sole structuring agent and bookrunner. The company also upsized its corporate note to $95 million. Brean Capital, LLC served as the company's exclusive financial advisor and sole placement
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