Standard Premium Finance Holdings, a specialty finance company, closed a revolving credit facility providing up to $115 million in borrowing capacity, incorporating an initial commitment of $75 million and an additional $40 million accordion feature. The syndication, led by First Horizon Bank, includes participation from Flagstar Bank and Cadence Bank, bringing together three institutions with more than $220 billion in combined assets. The agreement carries a substantially lower interest rate
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October 02, 2025 @ 08:15 AM
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Amerisource Business Capital closed and funded a $3,000,000 working capital facility for a North Dakota-based transportation and cargo company. The proceeds were used to provide working capital after the company’s previous lender imposed restrictive availability, limiting growth and operational flexibility.Courtney Mark, Business Development Officer (ABL) for Amerisource, stated: "Amerisource provided a tailored financing solution to meet the company’s working capital needs and support ongoing
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October 02, 2025 @ 08:12 AM
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LiftHigh Crane & Rigging secured a revolving credit facility with Cadence Bank. This new financing provides additional liquidity and marks a significant milestone in the company's continued growth and expansion. "From the beginning, Cadence was very pleasant to work with and reasonable in their approach," said Brad Hopper, Chief Financial Officer of LiftHigh. "We're all looking forward to a strong relationship and some amazing growth." "Cadence Bank has been a great partner to me personally for
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October 02, 2025 @ 08:09 AM
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Deloitte Insights has released its third quarter United States Economic Forecast, noting that the future path of the U.S. economy hinges largely on how tariffs and immigration play out, with each shaping growth, prices and investment in different ways. Here is a summary of Deloitte's report.
Since June, economic uncertainty has intensified, prompting three updated forecast scenarios—baseline, downside and upside. These are not precise predictions but tools to frame possible outcomes for the U.S
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October 02, 2025 @ 07:45 AM
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Wingspire Equipment Finance successfully closed its second asset-backed securitization (ABS), WEF 2025-1. The transaction raised over $292 million and included six classes of notes, the uppermost of which received the highest achievable ratings of F1+/K1+ and AAA from Fitch Ratings and Kroll Bond Rating Agency.The transaction was backed by a diverse portfolio of equipment loans and leases spanning numerous industries. The transaction was more than 6x oversubscribed, reflecting strong investor
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October 02, 2025 @ 07:42 AM
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Greystone announced that Joe James has joined the company as Head of Asset Management for Bridge Lending. Based in Dallas, he is responsible for overseeing all aspects of Greystone’s healthcare and multifamily bridge loan asset management platform, including portfolio analysis, surveillance, and problem loan resolution.James brings more than 30 years of commercial real estate finance experience to Greystone, having worked across all major markets and property types, including multifamily
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October 02, 2025 @ 07:26 AM
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A timed online auction by Tiger Group on October 9 features more than 45 excess chemical fleet truck tractors and trailers in 14 states, including 27 Freightliner assets in operation for less than a decade. “This national sale event is an outstanding opportunity for companies in the chemical, transportation and oil-and-gas sectors to bolster their fleets by acquiring secondary-market inventory,” said Tiger Group’s Jay Patino, Director of Business Development, Energy. “On offer is a robust mix
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October 02, 2025 @ 07:04 AM
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Jones Day announced that Brian Young has joined the Firm as a Partner in its Financial Markets Practice. He is based in the Firm’s Washington Office.Young was most recently the Director of the Division of Enforcement at the Commodity Futures Trading Commission (CFTC), where he was responsible for leading the CFTC’s efforts to investigate and prosecute alleged violations of the Commodity Exchange Act and Commission regulations, and was previously the Director of the CFTC’s Whistleblower Office.
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October 02, 2025 @ 07:00 AM
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Calian Group, a mission critical solutions company focused on defense, space, healthcare and other strategic critical infrastructure sectors, closed a CDN$200 million debt facility with Royal Bank of Canada (“RBC”) as lead arranger, sole bookrunner, and administrative agent, Fédération des Caisses Desjardins du Québec, Canadian Imperial Bank of Commerce, JP Morgan Chase Bank, and Export Development Canada (“EDC”).This new three-year term revolving credit facility totals $350 million, an increase
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October 02, 2025 @ 07:00 AM
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Wells Fargo promoted Adam Davis to Head of Asset-Based Lending (ABL) Originations for the Northeast region. In this newly created role, Adam will oversee all aspects of ABL activities, reinforcing Wells Fargo’s commitment to delivering flexible, scalable financing solutions to asset-rich companies.A 20-year veteran of the company, Davis has spent the last 12 years on the Retail Finance ABL originations team. His deep expertise in originations and portfolio management, combined with a proven
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October 01, 2025 @ 08:15 AM
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SLR Business Credit closed a $7 million credit facility for a century-old manufacturer specializing in the durable goods sector. The company, which has a long-standing presence in the Midwest, sought SLR’s expertise to secure a more flexible credit solution to invigorate its operations and support its growth trajectory. Having faced challenges during the COVID-19 pandemic, the manufacturer is now strategically positioned for expansion. With the newly established Revolving Line of Credit (RLOC)
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October 01, 2025 @ 08:09 AM
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First Business Bank added Robin Oertel as Senior Vice President – Asset-Based Lending to First Business Specialty Finance, LLC, a subsidiary of First Business Bank. Based in Minneapolis, Minnesota, Oertel brings nearly three decades of asset-based lending expertise to help businesses access working capital for growth, recapitalizations, mergers and acquisitions, and turnarounds. Throughout her career, she has originated middle market asset-based loans ranging from $5 million to $35 million
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October 01, 2025 @ 08:05 AM
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Attain Finance, a consumer finance company, entered into a new $130 million, two-year senior revolving credit agreement, led by Citizens Bank. The agreement is part of a broader $150 million revolving credit facility, with the remaining $20 million junior portion expected to be completed at a later date.The new facility will reduce Attain’s cost of capital and provide more favorable credit terms, while also creating incremental capacity to support our 380 branches in the U.S. operating under the
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October 01, 2025 @ 08:00 AM
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Aequum Capital closed an $8 million senior secured credit facility to support the acquisition of an established Ohio-based manufacturer. This transaction marks another milestone in Aequum's ongoing partnership with the sponsor, reflecting our continued commitment to providing strategic capital solutions across multiple engagements."This financing reflects our ability to tailor solutions for middle-market industrial companies and to move quickly when our partners need certainty of execution,"
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October 01, 2025 @ 07:54 AM
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NewtekOne announced that its wholly owned subsidiary, Newtek Merchant Solutions, LLC (“NMS”), has refinanced its term debt facility and revolving line of credit. Private Credit at Goldman Sachs Alternatives is providing NMS with a $90 million term loan facility and a $5 million line of credit. A portion of the proceeds funded the full repayment of NMS’s approximately $30 million of outstanding term debt with another lender. In addition, a $10 million undrawn line of credit with that lender was
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October 01, 2025 @ 07:50 AM
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