Sound Point Capital Management announced the first close of Strategic Capital Fund III (“SCF III” or “the Fund”) with $1.1 billion in capital commitments, exceeding both its first and final close targets of $500 million and $1 billion, respectively. Sound Point is targeting a final close of SCF III by year-end 2025 with a hard cap of $1.5 billion.To date, SCF III has received commitments from a diverse range of sophisticated institutional investors, including insurance companies, public and
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August 12, 2025 @ 08:15 AM
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First Financial and BankFinancial jointly announced that they have entered into an agreement by which First Financial will acquire Chicago-based BankFinancial in an all-stock transaction, strategically expanding First Financial’s presence in the economically robust Chicagoland market with a strong core deposit franchise including 18 financial centers. The acquisition also builds on First Financial’s existing commercial banking presence in the Chicagoland market. "We are excited to add consumer
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August 12, 2025 @ 08:10 AM
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TPI Composites announced that it, together with its domestic subsidiaries (collectively, “TPI” or the “Company”), has commenced voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to pursue a comprehensive restructuring of the Company that will allow the Company to emerge as a stronger enterprise. To support the Company during this process, TPI has reached an agreement, subject to final documentation and approval of the
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August 12, 2025 @ 08:01 AM
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Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the growth of Mission Critical Group (“MCG”), an existing portfolio company of Emerald Lake Capital Management.Through the combination of Johnson Thermal Systems, Mission Critical Facilities International, Inc., Point Eight Power, and DVM Power+Control, MCG provides differentiated electrical distribution and control systems offering design, engineering, and manufacturing capabilities across multiple
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August 12, 2025 @ 08:00 AM
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MidCap Financial provided a senior secured revolving credit facility to XBP Americas, LLC (formerly known as Exela Technologies BPA, LLC), a subsidiary of Nasdaq listed XBP Global Holdings, Inc. The agreement provides for a $150,000,000 revolving credit facility secured by ABL Priority Collateral with a maturity date 36 months from closing, among other customary provisions. Proceeds from the credit facility were used to refinance the Company’s existing debt, facilitate the Company’s emergence
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August 12, 2025 @ 08:00 AM
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Siena Lending Group closed a new $350 million senior secured credit facility for SkyWater Technology.The credit facility, agented by Siena, has been used to support SkyWater in the acquisition of a 200mm semiconductor fabrication facility ("Fab 25") in Austin, Texas from Infineon Technologies AG, and defense applications.The acquisition will be adding approximately 400,000 wafer starts per year.SkyWater further believes this move directly supports national onshoring and reindustrialization
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August 12, 2025 @ 07:58 AM
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Culain Capital Funding closed and funded a $3,750,000 accounts receivable financing facility for a New York-based hospitality and facility management firm. The new facility provides essential working capital to support the company’s rapid growth and enable them to hire more employees to meet increasing demand.The company specializes in overnight hotel cleaning, post-construction detailing, painting, and facility upkeep solutions designed to elevate the guest experience in hospitality
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August 12, 2025 @ 07:57 AM
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eCapital Corp. has been named to the 2025 Inc. 5000 list for the third consecutive year. The prestigious annual ranking recognizes the fastest-growing private companies in America and provides a data-driven snapshot of the most successful independent, entrepreneurial businesses fueling today’s economy.“Earning a place on the Inc. 5000 for the third year in a row reflects the strength of our strategy, the resilience of our business model, and the trust our clients place in us,” said Marius
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August 12, 2025 @ 07:00 AM
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Mayer Brown announced that Brian Trudgen has joined the Chicago office as a partner in its Global Leveraged Finance and Private Capital Group. He joins from Jones Day. "We are delighted to welcome Brian, who brings more than two decades of practice and a wealth of experience advising clients, including a number of large and important financial institutions, private credit firms, and public and private companies on a variety of complex financings,” said Fred Fisher, co-head of the Global
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August 12, 2025 @ 07:00 AM
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Aurous Financial closed an $800,000 facility for the first production runs of a domestic manufacturer of a gluten-free protein product.The client presented the notable challenge of needing to fund two different production processes to complete its finished good. Aurous was able to fund both processes, and after their first delivery of finished goods, the end buyer quadrupled its initial order. The client is actively adding another major grocer and specialty chains, and forecasts calling on an
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August 12, 2025 @ 06:09 AM
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Heron Therapeutics, a commercial-stage biotechnology company, announced the completion of a comprehensive capital restructuring designed to enhance the Company's financial flexibility, reduce total debt, and support long-term growth.The multi-faceted refinancing transaction consisted of the following key components:
A new senior credit facility with Hercules Capital due in 2030, which provides $110.0 million in committed capital at closing and an additional $40.0 million in two $20.0 million
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August 11, 2025 @ 08:15 AM
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Star Mountain Capital announced that William J. Kelly has joined the firm as a Senior Advisor. Kelly will support Star Mountain’s mission by contributing to investor relations, portfolio governance, educational initiatives, and thought leadership as Star Mountain continues building its presence across the alternative investments ecosystem.Kelly brings more than four decades of executive leadership experience in asset management, financial governance, and professional education within the
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August 11, 2025 @ 08:00 AM
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Timbercreek Financial announced a significant update to its credit facilities. On August 7, 2025, Timbercreek Financial entered into a second amending agreement to the third amended and restated credit agreement (the "New Credit Agreement") with a syndicate of nine lenders. The New Credit Agreement provides for revolving credit facilities totaling $600 million, including a $20 million swingline facility, up from the previous $510 million credit facility. The facility also includes a $100 million
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August 11, 2025 @ 07:55 AM
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Inventory levels of used construction equipment on Machinery Trader and other Sandhills Global platforms shifted from a sideways to a downward trend in July, according to the latest Sandhills market reports. This shift reflects a typical summertime lull in the machinery market. Used crawler excavators and mini excavators led the way in inventory decreases in the heavy-duty and medium-duty equipment markets, respectively.The market reports cover construction equipment, farm machinery, trucks, and
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August 11, 2025 @ 07:54 AM
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BW Energy has signed a $250 million Corporate Revolving Credit Facility with DNB Bank. The facility provides enhanced financial flexibility to support ongoing field development activities and general corporate purposes. The financing is backed by BW Group, reflecting continued confidence in BW Energy's strategy. The facility has a tenor of 18 months with a bullet maturity and includes an option to extend by a further 18 months, subject to mutual agreement. The interest rate is Term SOFR plus 6%
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August 11, 2025 @ 07:49 AM
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