Tiger Finance has provided a $40 million commitment to bolster the already strong liquidity position of Fender Musical Instruments Corp. (FMIC, “Fender”), one of the world’s leading musical instrument manufacturers, marketers and distributors. The new $40 million credit facility by Tiger closed on August 18. It is an incremental five-year commitment that supplements a senior revolving credit facility to FMIC by JPMorgan. “This additional working capital enhances Fender’s ability to manage its
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September 26, 2025 @ 08:30 AM
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed a floating-rate loan of $37,850,000 for an apartment complex located in Virginia. The financing was originated by MONTICELLOAM Managing Director Chris Hetzel and was facilitated by Jamie Leachman, Reina Abboud, and Sydney Powell, based in JLL’s DC office. “This closing highlights our team’s ability to execute tailored lending solutions in a dynamic market. MONTICELLOAM is
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September 26, 2025 @ 08:25 AM
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Ualett, a leading financial technology platform serving 1099 workers, secured a $150 million debt facility from Thiele Capital Management.The expanded facility significantly strengthens Ualett’s capacity to serve the fast-growing gig economy workforce with accessible, real-time financial tools. It also reflects the strong alignment between both firms around long-term, profitable, and responsible growth.“From day one, Ualett’s disciplined approach to serving gig workers stood out to us,” said
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September 26, 2025 @ 08:15 AM
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Bank of America has named Kelly Firment, Small Business and Vehicle Client Servicing executive, president of Bank of America Delaware. She succeeds Chip Rossi, who led the market for more than 15 years and retired this past June after a 40-year career with Bank of America.As president and head of the market, Firment will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank’s eight lines of business. She will oversee the company’s
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September 26, 2025 @ 08:05 AM
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Versana announced that Mizuho Americas, part of Mizuho Financial Group, has joined its centralized, real-time digital data platform as a subscriber. Mizuho Americas (“Mizuho”) has become the 14th top-tier financial institution to join Versana and embrace the modernization of the $6 trillion broadly syndicated loan (BSL) asset class.By leveraging Versana’s API-first platform, Mizuho will optimize key aspects of its loan operations to achieve straight-through processing, reduce costs and improve
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September 26, 2025 @ 08:01 AM
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FGI Worldwide announced the hiring of Matthew Taylor as Director of Product, FGI Tech. Taylor will lead strategy, roadmap, and evolution of TRUST™, FGI Tech’s credit insurance management software.Leveraging years of leadership in product strategy, data platforms, and workflow automation across the insurance technology sector, Mr. Taylor will focus on enhancing the user experience, expanding platform capabilities, and positioning TRUST™ to scale globally with client needs.“Matt brings a unique
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September 26, 2025 @ 08:00 AM
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US Capital Global announced the acquisition of TC Capital Advisors LLC, a premier business consulting and advisory firm founded in 2012. As part of the acquisition, Jullion Taylor, Founder and Managing Director of TC Capital Advisors, has been appointed Partner and Managing Director at US Capital Global.Headquartered in San Francisco, with additional offices in New York, Philadelphia, Miami, London, Milan, Zurich, and Dubai, US Capital Global is a leading global private financial group
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September 26, 2025 @ 07:44 AM
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Haynes Boone advised DallasNews Corporation, parent company of The Dallas Morning News and Medium Giant, in the successful completion of its take-private sale to Hearst, one of the nation’s largest information, services and media companies.The transaction, valued at approximately $88.3 million, closed following a definitive merger agreement announced in July and an overwhelming shareholder vote of approval on Sept. 23. Under the terms of the agreement, Hearst acquired all outstanding shares of
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September 26, 2025 @ 07:00 AM
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Janus Henderson Group, a leading global asset manager, and Victory Park Capital Advisors (“VPC”), a leading global alternative investment firm specializing in private asset-backed credit and a majority-owned affiliate of Janus Henderson, jointly announced that CNO Financial Group, a nationwide life and health insurer and financial services provider, will acquire a minority interest in VPC. In addition, CNO will provide a minimum of $600 million in capital commitments to new and existing VPC
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September 25, 2025 @ 08:15 AM
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The elevated pace of large corporate bankruptcy filings that began in early 2023 continued through the latter half of 2024 and into the first half of 2025, according to a new report from Cornerstone Research. The report, Trends in Large Corporate Bankruptcy and Financial Distress—Midyear 2025 Update, found a 4% increase in Chapter 7 and Chapter 11 filings among public and private companies with assets exceeding $100 million. Over the last 12 months (2H 2024–1H 2025), 117 large companies filed
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September 25, 2025 @ 08:05 AM
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Grays Peak Capital ("GPC"), a New York-based global investment firm, announced the launch of its second fund, Grays Peak Private Credit II (GPPC GovCon), a private credit vehicle designed to provide strategic capital to the government and defense ecosystem in North America.The Fund has secured initial commitments from Fund I investors and multiple strategic asset managers groups and plans to deploy up to $500 million annually in government and military middle-market companies, joint ventures
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September 25, 2025 @ 08:03 AM
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The American Bankers Association’s Economic Advisory Committee expects continued slow U.S. economic growth for the remainder of 2025 and a modest pickup in 2026. The group’s latest forecast released indicates inflation will remain stubbornly high and above the Federal Reserve’s 2% inflation target.The committee, composed of 16 chief economists from some of North America’s largest banks, expects Q4/Q4 real economic growth at 1.3% in 2025 with an increase in 2026 to 1.8%, supported primarily by
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September 25, 2025 @ 08:02 AM
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SG Credit Partners, through its Consumer Products division, recently completed a senior debt investment in New Primal, a leader in low sugar, high protein, and flavorful snacks. "We’ve always looked for partners who understand the unique dynamics of building a mission-driven CPG brand,” said Jason Burke, Founder and CEO of New Primal. “SG’s flexibility, deep industry knowledge, and thoughtful approach made them a clear choice. Their team took the time to understand our business and build a
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September 25, 2025 @ 08:00 AM
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U.S. Bancorp, parent company of U.S. Bank, announced that Senior Executive Vice President and Chief Audit Executive Kandace Heck plans to retire from the company later this year and will be succeeded by Christopher Paulison.“For the past eight years, Kandace has been an important voice at U.S. Bank, leading our Corporate Audit Services function and working to strengthen our internal audit capabilities. She brought credible challenge in a time of tremendous change. We wish her well as she plans
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September 25, 2025 @ 07:30 AM
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Squire Patton Boggs announced that Trish O’Donnell has joined the firm’s New York office as a partner while Nathan Menon has joined as a director in London. Both join the firm’s growing global Structured Finance group from Reed Smith. Their arrival follows that of Ranajoy Basu who joined the firm in July from McDermott Will & Emery to serve as Global Head of Structured Finance. “Trish and Nathan are both respected practitioners with strong cross-border experience who complement our strategic
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September 25, 2025 @ 07:14 AM
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