Gordon Brothers has acquired SOLIC Capital Advisors (SOLIC), a premier financial advisory and investment banking firm with deep experience in realizing value recovery in complex situations.Gordon Brothers’ acquisition of SOLIC is a complement to the firm’s existing suite of asset services, lending and financing, and trading and broadens its client base by expanding its deep asset expertise to a variety of areas, including the healthcare sector, which is a key area of growth for the firm.Founded
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Penguin Solutions completed a refinancing of its credit facilities via a $400 million revolving credit facility, which includes a $35 million letter of credit subfacility.“This refinancing represents a significant financial milestone for the Company,” said Nate Olmstead, chief financial officer. “As part of the transaction, the Company has meaningfully reduced leverage while also extending our overall debt maturity. This new financing provides future flexibility for the Company’s capital needs
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Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $6,752,000 revolving line of credit, equipment term loan, and real estate term loan to fund the acquisition of a Pennsylvania company blending and packaging liquids.The transaction involved complex negotiations and a challenging real estate component that many asset-based lenders can’t accommodate."What made this deal
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Metalla Royalty & Streaming Ltd. (Metalla) entered into an agreement with Bank of Montreal ("BMO") and National Bank Financial ("NBF") for a revolving credit facility that allows the Company to borrow up to $40 million with an accordion feature for an additional $35 million of availability, subject to satisfaction of certain conditions. Concurrent with entering into the Facility, the Company has also fully repaid and retired its existing C$50.0 million convertible loan facility with Beedie
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Comerica Bank announced Stephen Jeffrey has been named its Senior Vice President, Austin Market President. In this role, Jeffrey will lead market strategy, collaboration, community development and overall growth, as well as direct the region's commercial team as Group Manager of Business Banking and Middle Market."What sets Stephen apart is not just his expertise in banking, but his deep generational roots in this community," said Corey Bailey, Comerica's Executive Vice President, Executive
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Alvarez & Marsal’s Global Transaction Advisory Group (Global TAG) is heightening efforts to expand its Global Transaction Analytics (GTA) practice, welcoming Martine In ’t Veld as a Managing Director in New York. With her more than 14 years of experience in developing actionable data insights in buy- and sell-side engagements in the North American and European markets, Ms. In ’t Veld’s expertise will strengthen the practice’s ability to maximize value for both private equity and corporate
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Configure Partners added Mark Birkett to the team as a Managing Director. He will be based out of Chicago.Birkett has more than two decades of experience supporting private equity firms and middle-market borrowers across a range of debt products in support of acquisitions, growth, recapitalizations, and refinancings.Before joining the Configure team, Birkett served as a Senior Managing Director at Hilco Corporate Finance. Prior to joining Hilco Corporate Finance, Birkett was a Managing Director
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Monterey Financial Services (MFS) is celebrating its 35th anniversary. Since its founding in 1990, MFS has supported thousands of companies and millions of consumers across the nation in a variety of industries—dental/medical, automotive, vacation clubs and timeshares, sporting goods, vocational schools and training, and home improvement—in achieving stronger revenue performance, broader consumer reach, and lasting financial results. MFS remains committed to its mission: to empower businesses
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Fifth Third Bancorp announced several executive leadership changes, reflecting the Bank’s continued focus on growth, innovation and talent development.Susan Zaunbrecher, who has led Fifth Third’s Legal, Government Affairs and Regulatory Affairs departments and the Office of the Corporate Secretary since 2018, will retire. Christian Gonzalez will join Fifth Third as executive vice president, chief legal officer, to succeed her, effective July 7. Gonzalez will join Fifth Third’s Enterprise
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Middle market business leaders remain resilient despite economic uncertainty, according to J.P. Morgan’s 2025 Business Leaders Outlook Pulse Survey. Compared with the start of the year, optimism for the national economy fell by more than half, dropping from 65% as reported in January, to 32% in June. In line with these findings, there was an increase in recession expectations among business leaders: 25% of respondents expect a recession in 2025, up from 8%.There are a number of external factors
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MONTICELLOAM, LLC, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a $33,600,000 senior bridge loan for the acquisition of a skilled nursing facility in New Jersey.The floating-rate loan has a 30-month initial term for the borrower group, a longstanding client of MONTICELLOAM, who will use the financing towards the purchase of a northeastern New Jersey facility totaling 180 licensed beds.“We’re proud to strengthen our partnership with the
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U.S. companies drew down bank credit lines in the run-up to President Donald Trump’s April 2 “Liberation Day,” presumably to build up inventories and strengthen financial positions ahead of new tariffs. However, the prospect of higher tariff rates and uncertainty amid a series of back-and-forth announcements on trade policy are dampening projections for lending activity for the remainder of 2025. U.S. commercial and industrial (C&I) loan volumes increased 0.38% from January to February 2025 and
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Lafayette Square provided debt financing to support the growth of Genuine Food Lab, LLC (“Genuine Foods”), a Boston, MA-based foodservice management company that specializes in providing quality food for K-12 schools and higher education institutions across 16 states. Founded in 2013, Genuine Foods is committed to making fresh, scratch-made meals accessible to all, and has established itself as a socially responsible provider of high-quality school food. The Company has delivered more than 16
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Flowdesk, a full-service digital asset trading and technology firm, announced a $100 million credit facility from Two Prime Lending Limited (“Two Prime”), the secured lending affiliate of Two Prime Inc. The facility will support Flowdesk’s continued global expansion and capital-efficient trading infrastructure.Under the terms of the agreement, Two Prime will provide a multiple drawdown term loan facility in an aggregate principal amount of up to $100 million. The facility is available
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BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, closed on a $49 million bridge-to-HUD facility to Hampton Manor to refinance existing debt and facilitate partnership buyout related to 3 stabilized Assisted Living & Memory Care facilities located in the suburbs surrounding Detroit, Michigan. The three-asset portfolio—Hampton Manor of Dundee; Hampton Manor of Trenton; and Hampton Manor of Hamburg—encompass 221 units (consisting of 171 Assisted Living and 50 Memory
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