BlackRock and HPS Investment Partners (HPS) announced the successful completion of BlackRock’s acquisition of HPS.Private credit is reshaping financial markets and the structural trends supporting its growth have accelerated the convergence of public and private markets. Financing activity is being shifted toward the capital markets, positioning asset managers to match long-dated capital with long-term investors, including insurance companies, pensions, sovereign wealth funds, wealth managers
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Del Monte Foods Corporation II Inc., one of the country's largest producers, distributors and marketers of premium quality, branded food products, announced that it is pursuing a value-maximizing sale process as part of an overall strategic balance-sheet restructuring. To facilitate this process, the Company and certain of its affiliates and subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey (the "Court").The Company has entered
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Siena Lending Group closed a new senior secured credit facility for HandsFree Labs Inc./Kizik Design, LLC (“Kizik” or the “Company”), a leading innovator of hands-free footwear. The customized credit facility will provide Kizik with increased liquidity and financial f lexibility to support its rapid growth, continued product innovation, and expanding market presence. “Siena was a great fit for our financing needs,” said Gareth Hosford, CEO of Kizik. “Their team understood our business and
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Arevon Energy, a leading American energy developer, owner, and operator, announced the successful closing of a $600 million credit facility, with the option to increase up to $850 million, to support its expanding portfolio of diverse, high-quality renewable energy projects across the United States.The facility includes a $350 million revolving loan and letter of credit facility and a $250 million project letter of credit facility. It will provide Arevon with flexible capital to support working
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eCapital Corp. announced the recent appointment of Jeff Butts, senior vice president, supply chain finance, within its commercial finance division. The move supports eCapital’s ongoing strategy to scale its supply chain finance platform and reflects a continued investment in experience, execution, and market relevance.Based in the Orlando area, the new senior vice president brings more than 20 years of experience helping suppliers unlock working capital and improve liquidity across complex
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Alvarez & Marsal (A&M) appointed Michael Golichowski as Managing Director in its Private Equity Performance Improvement (PEPI) group, where he will lead the group’s Corporate Real Estate and M&A Transformation offering. His hire underscores A&M’s continued investment in senior talent with an entrepreneurial spirit to deliver tailored, value-driven solutions for private equity and corporate clients. “Growing volatility and macroeconomic uncertainty will continue to impact deal volume,” said, Nick
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Farmer sentiment weakened in June following two months of improvement, as tracked by the Purdue University/CME Group Ag Economy Barometer. The barometer dropped 12 points to 146 from the previous month. A change in producers’ expectations for the future served as the primary factor in the shift, with the Index of Future Expectations sinking 18 points to 146. The Current Conditions Index, however, lost only 2 points, standing now at 144. A drop in optimism about future agricultural exports seems
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Plante Moran announced new firm leadership positions, effective July 1.Bill Brickey has assumed the role of managing partner of Plante Moran’s Detroit office where he’ll focus on developing and growing the firm’s Detroit staff as well as supporting the office’s practice development efforts. He’ll also continue his work providing audit, tax and consulting services to governmental, retail auto dealership and professional services organizations. Brickey succeeds Eric Wydra, who is preparing for
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Moritt Hock & Hamroff announced the addition of the attorneys from Saavedra Goodwin, a Fort Lauderdale-based boutique law firm focused on business litigation, real estate, and corporate law further illustrating our commitment to growth in South Florida. Damaso Saavedra joins the firm as Senior Counsel while Randolph M. Brombacher joins as Of Counsel and Caitlin J. Bronstein joins as an Associate.The move marks the second significant expansion into South Florida following our 2023 announcement
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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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