Gordon Brothers has formed a $1.5 billion joint venture with Davidson Kempner Capital Management LP (Davidson Kempner) and entered into a supporting lender finance facility with Wells Fargo Capital Finance (Wells Fargo). The increased capital base expands Gordon Brothers’ ability to provide tailored financing solutions to middle-market and large corporate companies across key sectors, including construction, manufacturing and transportation. “We’re proud to partner with two highly
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September 05, 2025 @ 08:15 AM
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Trinity Capital announced an increase to $690 million of total commitments under its credit facility led by KeyBank. The credit facility was expanded under the existing accordion feature by $90 million, bringing total commitments from $600 million to $690 million. A diversified syndicate of 13 bank participants makes up the credit facility."We greatly value the continued partnership and confidence shown by our 13 banking partners," said Michael Testa, Trinity's Chief Financial Officer. "This
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September 05, 2025 @ 08:12 AM
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Amerisource Business Capital closed a $17,500,000 senior credit facility for a leading manufacturing and distribution company located in the Southeast. The loan proceeds were used to refinance a bank loan and for additional working capital to support the company’s growth backlog.Collin Mackie, Market Manager at Amerisource, stated: “We are excited to partner with another growing company in the Southeast. This partnership reflects our flexible approach to meeting client needs, and we’re proud of
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September 05, 2025 @ 08:11 AM
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Despite economic and regulatory uncertainty, S&P Global Ratings expects U.S. global systemically important banks (GSIBs) to continue to post good profitability, we said in a report published today, "U.S. Large Banks Q2 2025 Update: Stable Performance And Readiness For Evolving Challenges."Net interest income (NII) may continue to grow in the second half of the year, in part due to asset repricing. However, rate cuts could limit NII growth in the fourth quarter and 2026. Fee income should grow
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September 05, 2025 @ 08:06 AM
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Aequum Capital closed a $30 million senior secured credit facility—consisting of a $25 million term loan and a $5 million revolving line of credit—to support the acquisition of a West Virginia-based provider of substance use disorder (SUD) and mental health treatment services.This transaction represents Aequum Capital's second deal with the same financial sponsor, underscoring a strong, long-term partnership and our ability to deliver certainty of execution on time-sensitive acquisitions.The
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September 05, 2025 @ 08:04 AM
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TPG Twin Brook served as administrative agent on a debt financing facility to support Truelink Capital’s refinancing of Ansira, an independent global marketing services and solutions company with proprietary channel, website and advertising technology platforms.
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September 05, 2025 @ 08:00 AM
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Alvarez & Marsal (A&M) has strengthened its Healthcare Industry Group with the addition of Managing Directors Seth Ciabotti and Christopher Smedley and Senior Director Elizabeth Gonzales in its Hospital and Health Systems practice. These new hires reflect A&M’s commitment to delivering results-oriented financial guidance as healthcare organizations face growing complexity and operational pressure.“As federal funding shifts, labor shortages persist and technology reshapes care delivery,
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September 05, 2025 @ 07:55 AM
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Advantage Business Capital, a subsidiary of Central Bank of Texas, announced a $3MM invoice factoring facility to a renewable energy services business. This working capital facility will support their growth in the expanding sector of sustainable energy.
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September 05, 2025 @ 07:45 AM
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Rithm Capital, a global alternative asset manager, entered into a definitive agreement to acquire Crestline Management, L.P. (“Crestline”), an alternative investment manager with approximately $17 billion in assets under management.This acquisition underscores Rithm’s long term strategy to build a global, diversified asset management platform focused on delivering alpha for investors and value for shareholders. It meaningfully expands Rithm’s capabilities across direct lending, fund liquidity
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September 05, 2025 @ 07:37 AM
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Hilco Global announced its new operating structure through the creation of two divisions—Hilco Global Professional Services and Hilco Global Capital Solutions. Both divisions will report to Hilco Global’s Founding Chairman and CEO, Jeffrey B. Hecktman. In this new structure, the firm will operate as a subsidiary of ORIX Corporation USA, following the completion of ORIX USA’s acquisition of a majority equity interest in the 38-year-old financial services and advisory firm.“Bringing together ORIX
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September 04, 2025 @ 08:15 AM
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The number of distressed small businesses electing to file for subchapter V of chapter 11 of the U.S. Bankruptcy Code increased 17 percent to 200 last month from the 171 registered in August 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial bankruptcy filings decreased 3 percent in August 2025 to 2,541 from 2,603 in August 2024. Commercial chapter 11 filings in August 2025 decreased 0.5 percent to 616 from the 619 filings in
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September 04, 2025 @ 08:06 AM
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Amerisource Business Capital closed a $7,000,000 senior credit facility to support an industrial printing company. The financing was used to facilitate an acquisition and provide working capital to support ongoing operations and growth. Grant Flamang, Market Manager at Amerisource, commented on the transaction: "This funding is a great example of how we’re able to support acquisitions with tailored financing solutions. We provided a facility backed by accounts receivable and inventory to help
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September 04, 2025 @ 08:05 AM
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the appointment of Liam Sorensen as Senior Relationship Manager, Originations. In this strategic role, Sorensen will be responsible for fostering and expanding client relationships, sourcing new opportunities, and supporting the firm’s lending and investment activities across the seniors housing market. He will be reporting to Karina Davydov, Senior Managing Director, Healthcare. With nearly a decade
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September 04, 2025 @ 08:03 AM
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First Citizens Bank and Triple Oak Power announced that First Citizens’ Energy Finance business provided a $60 million credit facility to Triple Oak Power, a U.S.-based renewable energy developer focused on developing sustainable energy plants.Triple Oak Power – backed by Energy Capital Partners, a leading investor in energy transition companies – has an 8-gigawatt pipeline of utility-scale onshore wind and hybrid projects currently under development in the U.S.This new credit facility will be
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September 04, 2025 @ 08:00 AM
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Houlihan Lokey announced that Anthony Basmajian has joined the firm’s Business Services Group as a Managing Director to expand its global IT services coverage capabilities.Basmajian joins Houlihan Lokey following eight years at Harris Williams, where he was most recently a Managing Director and Head of IT Services Coverage. While there, he built the firm’s IT services coverage practice and focused on a broad range of subsectors, including managed services, managed security, managed compliance
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September 04, 2025 @ 07:14 AM
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