Cadence Bank announced the successful completion of its previously announced acquisition of Industry Bancshares, Inc., the bank holding company for Industry State Bank, The First National Bank of Bellville, Fayetteville Bank, Citizens State Bank, The First National Bank of Shiner and Bank of Brenham. Industry Bancshares was merged into Cadence Bank effective July 1, 2025, after receiving all required regulatory and shareholder approvals. "We are pleased to have received regulatory approval and
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Dyne Therapeutics, a clinical-stage company focused on delivering functional improvement for people living with genetically driven neuromuscular diseases, entered into a $275 million non-dilutive senior secured term loan facility with Hercules Capital. The transaction strengthens the company’s balance sheet as it advances DYNE-101 and DYNE-251 through critical clinical and regulatory milestones, for myotonic dystrophy type 1 (DM1) and Duchenne muscular dystrophy (DMD), respectively.The loan
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Sound Point Capital Management, a credit-oriented investment manager overseeing approximately $43 billion in total assets, announced the appointment of Dan Fabian as Global Chief Financial Officer, effective immediately. He succeeds Kevin Gerlitz, who is retiring after a distinguished tenure as the firm’s long-serving Chief Financial Officer.“We’re thrilled to welcome Dan to Sound Point,” said Stephen Ketchum, Founder and Managing Partner of Sound Point Capital. “His deep expertise across the
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ZestyAI, a provider of AI-driven risk analytics for the property and casualty insurance industry, has secured a $15 million credit facility from CIBC Innovation Banking.The facility enhances ZestyAI's financial flexibility and reinforces its strong balance sheet as the company scales adoption of its climate and property risk models, delivering over 31 million property risk assessments in 2024, more than double the volume from 2023, and on pace to exceed 50 million in 2025."We've built ZestyAI
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KBRA released a research report examining the resilience of its rated private equity (PE) and private credit (PC) firms. Amid ongoing trade tensions, tariffs, market volatility, and a possible economic slowdown, KBRA views alternative asset managers—particularly those geared toward PE and PC—as more resilient on average than other types of financial institutions. This resilience is primarily underpinned by a fee-based business model that ensures more stable and predictable revenue streams, as
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Graybar, a leading distributor of electrical, industrial, automation and connectivity products and provider of related supply chain management and logistics services, has completed the amendment and extension of its unsecured, committed revolving credit facility. The amendment, among other things, extended the company's five-year, $750 million revolving credit facility. The new facility matures in June 2030 and will support Graybar's general working capital needs as well as its growth
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Haynes Boone is continuing its strategic expansion in New York with the addition of financial restructuring partners Ingrid Bagby and Michele Maman. The arrival of Bagby and Maman brings the firm to nine new partners in New York since the beginning of the year, notably following the additions of Insurance Recovery Partner Carrie DiCanio and Real Estate Finance Partner Moni Sarmadi within the past month.Bagby and Maman are two well-established restructuring attorneys with decades of collective
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FTI Consulting announced the appointment of banking and payments expert Christopher Allen as a Senior Managing Director in the Financial Services practice within the Forensic and Litigation Consulting segment.Allen, who is based in Charlotte, has more than 30 years of experience in financial services, in both industry and advisory positions, supporting payment strategy, customer experience and operations modernization. In his role at FTI Consulting, Allen will help banks, payment intermediaries
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SC&H Capital announced that its client, Zurvita, Inc., has been acquired by Zinzino AB, a publicly traded Sweden-based global seller of dietary supplements, skin care, and lifestyle products.Zurvita is a direct-selling company that offers a diverse portfolio of innovative health and wellness products. With over 8,000 consultants operating in the United States, Canada, and Mexico, Zurvita has built an impressive distribution network and is known for its flagship product line, Zeal for Life.SC&H
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ArentFox Schiff announced that Phillip Gharabegian and Cheyenne Rodriguez have joined the firm in its Sports Industry Group and Corporate & Securities practice. Phillip joins as a partner and Cheyenne joins as an associate, and both will reside in the firm’s Los Angeles Office. Their additions mark a strategic expansion of the firm’s nationally recognized Sports Industry Group and significantly increases the firm’s depth in media and related matters.Phillip brings more than two decades of
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Can Do Brands LLC, backed by Decoro Home LLC, with strategic support from the Wholesale & Industrial division of SB360 Capital Partners LLC and Hilco Receivables LLC, has completed the acquisition of the intellectual property and select e-commerce assets of Honey-Can-Do International, LLC, a trusted name in the home storage and organization category.SB360, in conjunction with Hilco, provided valuable support throughout the structuring and execution of the transaction. In addition, SB360 and
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Wingspire Capital provided a $55 million revolving credit facility to a leading contract healthcare services provider that serves thousands of sites across the country.Wingspire Capital’s Healthcare Finance team partnered with the borrower to deliver a flexible, creative financing solution designed to enhance liquidity and support their strategic objectives. Proceeds will be used to replace a previous credit facility and create greater liquidity for general corporate purposes.The borrower serves
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Carlyle and Citi recently announced they will collaborate on asset-backed financing opportunities in the rapidly evolving fintech specialty lending space. Carlyle and Citi have formalized a framework to exchange market intelligence and explore co-investment and financing opportunities. Their mutual strength as global leaders in asset-backed finance will be enhanced by the investment expertise and network of Citi’s Spread Products Investment in Technologies (SPRINT) team – a prominent venture
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Amerisource Business Capital closed and funded a $5,500,000 asset-based lending (ABL) facility, leveraging accounts receivable and commercial real estate for a Midwest-based nursing and medical staffing company. The facility will provide the company with enhanced access to working capital, supporting its ongoing growth and expansion initiatives. Jeff Dunbar, Market Manager at Amerisource, commented, “We are pleased to partner with this growing healthcare provider. Our team delivered a tailored
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Aequum Capital Financial, a middle-market asset-based lender, announced the addition of lending industry veteran Bill Drmacich. Based in the Southeast, Bill has joined Aequum as Head of Originations. In this role, he will be responsible for sourcing new lending opportunities and supporting the strategic growth of origination efforts beyond the greater Midwest."Bill has a strong history of building relationships with company executives, investment bankers, turnaround consultants, and private
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