Fifth Third Bancorp and Comerica Incorporated announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. Under the terms of the agreement, Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share, representing $82.88 per share as of Fifth Third’s closing stock price on October 3, 2025, and a 20% premium to Comerica’s 10-day volume-weighted average stock price.
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October 06, 2025 @ 08:15 AM
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Second Avenue Capital Partners (“SACP”), a leading provider of asset-based lending solutions, announced a significant expansion of its existing credit facility with Huntington Business Credit (“HBC”). The facility was upsized by $235 million, bringing the total to $700 million, to support the firm’s rapid and ongoing growth trajectory. The syndicated transaction was oversubscribed, demonstrating strong lender confidence in SACP’s business model and performance.The expanded facility includes a
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October 06, 2025 @ 08:12 AM
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The 249,152 individual chapter 7 bankruptcies filed during the first nine months of 2025 represented a 15 percent increase over the 216,773 filed during the same period in 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total bankruptcy filings were 423,053 during the first nine months of 2025, a 10 percent increase from the 383,341 total filings during the same period a year ago. Total individual filings registered an 11 percent increase
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October 06, 2025 @ 08:10 AM
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eCapital delivered a $35 million payroll financing facility to support the growth and working capital needs of a leading staffing solutions provider.The company offers staffing and managed services in information technology, engineering, and professional roles. With operations across Canada and the United States, it connects highly skilled professionals with some of the most established names in the technology sector and has built a reputation for service excellence, innovation, and
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October 06, 2025 @ 08:05 AM
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Verano Holdings Corp., a leading multi-state cannabis company, closed a credit agreement agented by Chicago Atlantic Admin, LLC, with participation from a regional bank, to provide the Company a revolving credit facility of US $75,000,000. Upon closing the Revolver, the Company drew US $50,000,000 to pay down US $50,000,000 of higher interest rate debt from its existing senior secured credit facility without incurring any prepayment penalty, with the remaining US $25,000,000 being available to
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October 06, 2025 @ 07:46 AM
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Gordon Brothers announced going-out-of-business sales are underway sitewide for Hammacher Schlemmer.The over 175-year-old catalog-based retailer known for hard-to-find, unexpected and unique merchandise is offering 20% to 50% off the original price on all online store merchandise and up to 70% off all clearance items. All Halloween decorations are 50% off, just in time for holiday shopping.“Hammacher Schlemmer was a pioneer in the retail industry known for its innovative products. The closing
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October 06, 2025 @ 07:15 AM
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B. Riley Securities served as joint lead book-running manager for Bit Digital, Inc.’s public offering of $150 million aggregate principal amount of 4.00% convertible senior notes due 2030. The transaction included the underwriters’ full exercise of the overallotment option for an additional $15 million of Notes, issued on the same terms and conditions. Bit Digital intends to use the net proceeds primarily to purchase Ethereum and for general corporate purposes, including potential investments
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October 06, 2025 @ 07:00 AM
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Citizens Capital Markets & Advisory served as a financial advisor to Pave America, a leading provider of commercial paving maintenance services, on its agreement to be acquired by AEA Investors and British Columbia Investment Management Corporation. Pave America was previously a portfolio company of Trivest Partners and Shoreline Equity Partners.Headquartered in Virginia, Pave America is a provider of asphalt and concrete solutions, including maintenance, repair, milling, striping and
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October 06, 2025 @ 06:00 AM
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First Brands Group announced that the Company has received approvals from the United States Bankruptcy Court for the Southern District of Texas for its “First Day” motions related to the Company’s chapter 11 cases for its U.S. operations.The Court granted approval to immediately access $500 million of the $1.1 billion in debtor-in-possession (“DIP”) financing from an ad hoc group of cross-holders (the “Ad Hoc Group”), which includes substantially all of the Company’s first lien debtholders. The
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October 03, 2025 @ 08:15 AM
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JPalmer Collective (JPC) announced the addition of Frank Nicoletta as Head of Underwriting. Nicoletta brings more than a decade of experience in asset-based lending (ABL), with deep expertise in underwriting, portfolio management, operations and collateral analysis across both large corporate and middle-market sectors.“We are thrilled to welcome Frank to our growing team of financial leaders,” said Jennifer Palmer, founder and president of JPalmer Collective. “He is a dynamic, smart, and highly
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October 03, 2025 @ 08:12 AM
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MidCap Financial Investment Corporation amended and extended its senior secured, multi-currency, revolving credit facility. Lender commitments under the Facility total $1.610 billion, a decrease of $50 million. The final maturity date under the Facility was extended from October 17, 2029, to October 1, 2030. The applicable margin under the Facility was reduced by 10 basis points to 177.5 basis points. The commitment fee was reduced by 5 basis points from 37.5 basis points to 32.5 basis points.
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October 03, 2025 @ 08:10 AM
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Alliance Entertainment Holding Corporation announced the closing of a new $120 million senior secured revolving credit facility with Bank of America. The five-year facility replaces Alliance’s previous asset-based lending (ABL) facility and will provide Alliance with enhanced financial flexibility to support its operations, growth initiatives, and working capital needs.Key Terms:
Facility Size: $120 million senior secured revolving credit facility
Term: Five years
Interest Rate: SOFR plus
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October 03, 2025 @ 08:07 AM
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OppFi, a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, closed a new $150 million revolving credit facility among one of its subsidiaries and funds managed by Castlelake L.P., replacing a prior facility. The new facility has a four-year term and represents a significant improvement in financing costs, with a reduction in the interest rate from SOFR + 7.5% to SOFR + 6.0%."We believe this transaction is a testament to
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October 03, 2025 @ 08:00 AM
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First Business Bank's Asset-Based Lending team closed and funded $15 million revolving line of credit to fund the acquisition of a distributor of communications and payment systems through a corporate divestiture transaction. "We're pleased to support our client's second acquisition with us, this time facilitating the purchase of a division from a Fortune 400 company," said Steve Bishop, President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank
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October 03, 2025 @ 07:54 AM
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Enact Holdings entered into a new $435 million five-year senior unsecured revolving credit facility effective September 30, 2025 with a syndicate of eight banks, with JPMorgan Chase Bank serving as Administrative Agent and Joint Lead Arranger, and Truist Securities as Joint Lead Arranger. This Credit Facility replaces the previous $200 million senior unsecured revolving credit facility.Borrowings under the Credit Facility will accrue interest at a floating rate tied to a standard short-term
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October 03, 2025 @ 07:50 AM
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