SLR Capital Partners announced that Mac Fowle has joined the firm as President of Asset-Based Lending ("ABL").In this newly created role, Fowle will lead the expansion of SLR's ABL platform by leveraging his more than 20 years of experience in the ABL industry for U.S. middle market borrowers. Fowle will report to Michael Gross and Bruce Spohler, Co-Founders of SLR, and Cedric Henley, Chief Risk Officer of Specialty Finance. Fowle's expertise will complement SLR's current ABL leadership team
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October 15, 2025 @ 08:15 AM
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White Oak Commercial Finance, (“WOCF”), an affiliate of White Oak Global Advisors, provided a combined $37 million in new financing commitments for two companies within the retail and energy industries: an omnichannel retailer of work-related clothing, merchandise and accessories, and a leading electric provider for commercial and industrial customers in the Northeast US.WOCF closed the $25 million ABL revolving credit facility for the omnichannel retailer, which will be primarily utilized to
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October 15, 2025 @ 08:10 AM
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The Huntington National Bank announced Jay Turakhia as Regional President for Northeast Ohio, succeeding Sean Richardson, who has been promoted to president of Huntington Distribution Finance.Turakhia brings to this role extensive experience in regional and commercial banking. He will oversee Huntington's Northeast Ohio region, which spans across Cleveland, Akron, Canton and the surrounding communities, continuing the bank's commitment to making people's lives better, helping businesses thrive
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October 15, 2025 @ 08:02 AM
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SLR Business Credit (“SLRBC”) funded a new senior secured credit facility for a large-scale distributor of specialty polymers (the “Company”). The Company had outgrown its bank line and needed a larger credit facility to support its growth. Its bank partner introduced SLRBC to refinance the senior facility while the bank maintained a relationship for treasury services and an affiliate real estate loan. SLRBC structured and approved a line with supplemental AR and inventory availability while
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October 15, 2025 @ 08:00 AM
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Trinity Capital announced the commitment of $130 million in growth capital to Candel Therapeutics, Inc., a clinical-stage biopharmaceutical company focused on developing viral immunotherapies to help patients fight cancer. Candel Therapeutics is developing a clinical pipeline of off-the-shelf cancer treatments that aim to empower a patient's own immune system to fight cancer. The company's leading therapies, CAN-2409 and CAN-3110, focus on treating solid tumors in a variety of cancers
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October 15, 2025 @ 08:00 AM
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Getzler Henrich & Associates, the Hilco Global turnaround and restructuring practice, is proud to have been financial advisor to Presperse Corporation, a subsidiary of Sumitomo Corporation of Americas (SCOA), in its successful restructuring and the consensual resolution of current and future talc injury lawsuits, in what is believed to be the first confirmed talc 524(g) plan of reorganization. Presperse’s plan was confirmed by Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
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October 15, 2025 @ 07:50 AM
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Curaleaf Holdings, a leading international provider of consumer cannabis products, entered into an amended and restated credit agreement with Needham Bank of its revolving credit facility (the "Credit Facility"), expanding the borrowing capacity from $40 million to $100 million and extending the maturity to up to five years. Boris Jordan, Chairman and CEO of Curaleaf, said "I couldn't be prouder of our team for the focus, discipline, and collaboration that made completing this $100 million
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October 15, 2025 @ 07:49 AM
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Middle market private companies in the Golub Capital Altman Index grew earnings by 3% year-over-year in the third quarter of 2025. Revenue grew 4% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Middle market companies showed solid revenue and profit growth in the third quarter, underscoring the resilience of the U.S. economy. Our third quarter data is consistent with patterns we saw throughout the first half of the year: steady U.S. economic growth, albeit at a slower
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October 15, 2025 @ 07:48 AM
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Rosenthal Capital Group (RCG), completed a $500,000 purchase order financing facility for a company that provides heavy equipment, vehicles, electronics, medical and laboratory equipment and construction materials to government departments and agencies and global organizations. The Virginia-based company was looking to obtain a purchase order financing facility to support the fulfillment of several larger sales contracts with various government agencies. RCG stepped in and established an
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October 15, 2025 @ 07:37 AM
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SouthStar Capital funded a $5 million Accounts Receivable Financing Facility for a rapidly expanding global hair care brand recognized for its strong retail presence and growth across the beauty and personal care industry. As demand for the company’s premium product line continued to rise, maintaining consistent cash flow became critical to support production, fulfill large purchase orders, and launch new product lines. Although the company maintained strong financial health, extended payment
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October 15, 2025 @ 07:37 AM
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SB360 Capital Partners announced that Robert Gould, a seasoned executive with deep experience in commercial and industrial asset solutions, has joined the firm as Executive Vice President and Head of the Wholesale & Industrial Division.SB360’s Wholesale & Industrial Division delivers creative, tailored equity, debt, and advisory solutions to manufacturers and wholesalers navigating operational and financial challenges. A few of the platform’s notable engagements include Delta Apparel, Klaussner
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October 14, 2025 @ 08:15 AM
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First Brands Group, a leading global supplier of aftermarket automotive parts, announced that Charles Moore has been appointed Interim Chief Executive Officer, succeeding Founder and Chief Executive Officer Patrick James, who has resigned from the Company.Moore has served as First Brands’ Chief Restructuring Officer since September 2025 and brings more than 30 years of leadership experience in restructuring and performance improvement across the automotive supply chain. He assumes executive
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October 14, 2025 @ 08:12 AM
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Lendscape, a leader in working capital finance technology, announced the acquisition of WinFactor, a leading provider of factoring software solutions in North America. The acquisition marks a major milestone in Lendscape’s growth strategy, extending its presence in North America and further enhancing its technology portfolio. For 30 years, WinFactor has built a strong reputation for providing intuitive, end-to-end factoring software that streamlines operations and empowers finance companies to
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October 14, 2025 @ 08:00 AM
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Runway Growth Finance has entered into a definitive merger agreement to acquire SWK Holdings Corporation, a life science focused specialty finance company that provides minimally dilutive financing to small- and mid-sized commercial-stage healthcare companies.Runway Growth’s Founder and CEO, David Spreng, said, “This transaction meaningfully advances our strategy to diversify and optimize our portfolio by adding SWK’s high-quality investments in the key sectors of healthcare and life sciences.
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October 14, 2025 @ 07:59 AM
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Private credit is emerging as a growing component in North American insurance company portfolios in recent years, according to a report published, "The Rise Of Private Credit In Insurers' Investment Portfolios, Oct. 12, 2025" by S&P Global Ratings. The report noted that it reflects a broader trend within financial services."Many fixed-income investors, including insurers, have increasingly turned to private credit to reap the benefits of added diversity in their investment strategies and
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October 14, 2025 @ 07:55 AM
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