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ABL Advisor News
Velocity One, a portfolio company of Charlesbank Capital Partners and an industry leader that designs, manufactures, and supports a wide range of products for the Aerospace and Defense markets, has closed on a new senior credit facility with SLR Credit Solutions comprised of a revolver and term loan. Proceeds of the new credit facility will be used to refinance existing debt and provide the company with the liquidity and flexibility it needs to pursue its organic and M&A growth initiatives.“We
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In a year marked by heightened geopolitical tensions, the AlixPartners 2025 Turnaround and Transformation Survey reveals that companies already experiencing financial or operational duress are bearing the brunt of the disruption. The survey shows an economic landscape fraught with challenges. Our comprehensive poll of industry experts dives into the sectors most likely to face distress, the factors driving economic turbulence and the trends shaping the future with potential for opportunity. The
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Budderfly, an energy as a service company, has secured an additional $100 million in debt financing from Nuveen Energy Infrastructure Credit (Nuveen EIC) to accelerate the deployment of scalable, holistic energy solutions tailored for energy-intensive buildings across the United States. This latest facility brings Budderfly’s total capital raised to over $1 billion.Budderfly will leverage this financing to continue providing turnkey energy solutions across a wide range of commercial properties
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Haversine Funding announced a new wave of fundings, highlighting its range of capital solutions for commercial lenders – from senior and junior lender finance lines of credit to participations in factoring, ABL, bridge loans, equipment lenders and more. These deals reinforce Haversine’s ongoing commitment to helping lenders grow, manage concentrations, and access flexible capital tailored to their needs. Select Recent Closings Include:
$20,000,000 senior secured, revolving lender finance
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Ansley Park Capital announced the appointment of Kathleen “Kathy” Berryman as Managing Director, Sponsor Coverage. Reporting to Michael Gay, Ansley Park Capital’s Executive Vice President & Chief Commercial Officer, Berryman will be responsible for sponsor coverage across the firm’s platform, enhancing its ability to deliver tailored financing solutions to private equity clients and their portfolio companies. “We are thrilled to welcome Kathy to Ansley Park Capital. She is a proven leader with
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Standard Premium Finance Holdings, a leading specialty finance company, announced an increase to its revolving line of credit with First Horizon Bank. The amendment raises Standard Premium’s borrowing capacity from $45 million to $50 million, supporting the Company’s strategic growth trajectory.“Standard Premium has consistently demonstrated strong performance and thoughtful leadership in a dynamic market,” said Jake McCrary, managing director, First Horizon Bank. “First Horizon has maintained a
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Umpqua Bank released the findings of its seventh annual Business Barometer, a nationwide study into the mindset and priorities of small and middle market businesses. Despite a mixed outlook over the economic headwinds, including the potential impact of global tariffs, businesses across the U.S. report measured optimism about the direction of the economy and their 12-month prospects for growth compared to a year ago.Umpqua Bank's 2025 Business Barometer survey polled nearly 1,300 small businesses
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Knight Therapeutics, a pan-American (ex-US) specialty pharmaceutical company, has entered into a revolving credit facility, with National Bank of Canada (NBC).Knight has withdrawn C$60 million from the Credit Facility to fund a portion of the Paladin acquisition. The Credit Facility provides Knight with an initial borrowing limit of up to US$50 million, which is mainly intended to support the Company's growth strategy and may also be used for working capital and other corporate purposes. The
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Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, announced the launch of its fund finance platform. Building on Värde’s broader asset-based finance strategy, the platform is an extension of Värde’s capabilities designed to address the increased demand for subscription lines (“sublines”) and other fund finance-related products. The firm’s fund finance strategy aims to support bank origination through natural distribution channels in
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Celtic Capital Corporation announced its most recent new client relationship – a Pacific- based company providing material testing services to the Infrastructure Construction Market. Due to a challenging 2024, this company violated its bank covenants and was searching for a new lender. Its bank referred them to Celtic Capital as the bank knew Celtic could bring the client back into the bank as soon as the company overcame its temporary issues. Celtic Capital provided a $3,000,000 Accounts
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Rosenthal Capital Group (RCG), a leading private commercial finance firm in the United States, announced the completion of a $9.5 million asset-based loan facility for a large-scale manufacturer of graphic printing solutions. Based in New Jersey, the company serves a diverse customer base of businesses in need of industrial and retail packaging and advertising. The company had received approval for a LOC and a Term Loan from a new bank and was in the documentation stage, when management issued
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Truist Financial Corporation hired Charles Alston as head of its new Nonprofit Hospitals, Higher Education and Government (HHG) banking team to drive focused growth and deepen client relationships.As part of the Truist Specialized Industries team within the expanded Commercial and Corporate Banking business, HHG serves more than 1,000 clients that includes nonprofit hospitals, colleges and universities, and municipal and government entities. The team offers tailored strategic advice and delivers
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At Home Group Inc. announced steps the Company is taking to strengthen its financial foundation and position the business for long-term success while continuing to serve its customers.The Company has entered into a Restructuring Support Agreement (the "RSA") with lenders holding more than 95% of the Company’s debt that sets forth terms of a prearranged financial restructuring that will eliminate substantially all of the Company’s nearly $2 billion in funded debt and provide a capital infusion of
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Wintrust Business Credit (WBC) closed a new $100 million asset-based revolving line of credit to this Midwest-based distributor. WBC acted as the administrative agent and lead arranger for the new credit facility. The company is a prominent distributor of equipment used for recreational activities, including hunting, fishing, and water sports. It principally conducts its sales on a wholesale basis, serving clients such as Amazon, other big-box retailers, and distributors. Additionally, the
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Turning Rock Partners, a New York-based private investment firm, announced Shahid Khoja has joined the firm as Head of Credit. Khoja brings nearly 20 years of experience across public and private credit investing and leveraged finance, with deep expertise in opportunistic credit, structured products and special situations.Prior to joining Turning Rock Partners, Khoja was Managing Director and Head of Credit at Z Capital Group (“ZCG”), where he led a 12-person investment team and managed the
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