Commercial chapter 11 filings totaled 733 in May, an increase of 62 percent over the 453 filings in April, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. The overall May commercial filing total of 2,695 represented an 8 percent increase from the April 2025 commercial filing total of 2,489. Small business filings, captured as subchapter V elections within chapter 11, increased 3 percent to 228 in May 2025 from 223 the previous month. May’s 48,218
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Crown Partners successfully arranged a $32 million senior financing for a portfolio company of a New York-based private equity firm. Crown Partners served as the exclusive financial advisor in connection with this transaction.The company is a premiere developer and manufacturer of beauty products, including color cosmetics, skincare, and hair care. It supports numerous market-leading prestige brands through a differentiated portfolio of proprietary formulated products.“Crown Partners served as
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Trinity Capital announced the commitment of $40 million in growth capital to Paytient, a healthcare payments company helping people better access and afford care. Paytient enables employers and insurers to transform how cost share responsibility feels for patients. As part of the health plan, Paytient allows people to access care from providers and manage out-of-pocket healthcare costs over time, without interest or fees. Paytient's members can choose lower-premium plans by creating certainty
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MidCap Financial provided a $90 million senior secured credit facility to Everde Growers. Proceeds from the credit facility were used to finance the acquisition and exit from bankruptcy as well as provide ongoing working capital.Everde Growers is a leader within the horticulture industry with a true coast-to-coast footprint consisting of over 6,700 acres in production encompassing 15 farm locations throughout Texas, Florida, California, and Oregon. The Company’s superior growing methods and
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Wintrust Receivables Finance (WRF) announces a $40 million accounts receivable line of credit for a well-established Midwest-based third-party logistics firm. The company has been one of the fastest growing third-party logistics companies in the county for a number of years and recognized as such numerous times by Inc. Magazine as part of the Inc. 5000. The company has grown through the years by providing best-in-class logistics and transportation services to customers in the food and beverage
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Aequum Capital increased its senior credit facilities to $7.25 million for a premier producer of craft maple syrup products. This upsizing reflects Aequum's continued support of the company's growth trajectory and provides enhanced financial flexibility as the company navigates evolving market conditions, including the impact of recently imposed tariffs that are affecting the industry.The borrower, a leading provider of premium maple syrup products specializing in blending, bottling, and
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Udemy, a leading AI-powered skills development platform with nearly 80 million users globally, announced the closing of a new $200 million senior secured revolving credit facility. Udemy entered into the Ffcility with a lending syndicate that includes Citibank as Administrative Agent, MUFG Bank as Joint Lead Arranger, JPMorgan Chase Bank, and Morgan Stanley Senior Funding. The Facility, which matures on May 30, 2030, provides Udemy with enhanced financial flexibility to support its long-term
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Citizens Capital Markets & Advisory served as the exclusive financial advisor to Mosaic Management and Mosaic Red Hat Group, a franchisee of Arby’s, on the sale of 40 restaurants located across Florida, North Carolina and Virginia. The restaurants were sold to AES Restaurant Group.Mosaic is an Atlanta-based management firm specializing in investment, development and operations of multi-unit portfolios in the food and beverage, hospitality and real estate industries. Mosaic will continue
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FIS, a global leader in financial technology, announced that ATLAS SP Partners (ATLAS), a leading provider of structured and asset-backed credit to institutional borrowers and institutional investors, has chosen FIS’ Commercial Loan Servicing solution to help power ATLAS’ loan lifecycle processing workflows. The solution’s automated capabilities, flexibility, and enhanced risk management offerings will support ATLAS’ continued best-in-class service for both investors and borrowers, delivering
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Republic Business Credit supplied a leading medical supply manufacturer with a $500,000 factoring facility, immediately improving the company’s cashflow and eliminating the stress of working capital constraints. The company faced cash flow challenges due to extended payment terms, which often stretched up to 120 days. This is a problem commonly experienced by companies selling to large hospital systems and outpatient medical centers. This partnership highlights Republic’s proactive approach to
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Great Rock Capital closed a $75 million senior secured credit facility for Pacific Ag, North America’s largest crop residue harvesting and supply company. For nearly 30 years, Pacific Ag has been a trusted partner to the agriculture sector, recognized for its reliability, quality assurance, and consistent supply of crop residue & forage products and services. The new capital refinanced the company’s existing senior debt, supported a strategic acquisition, and will provide Pacific Ag with
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White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced the hiring of Brendan Harrison as Managing Director, Originations. Harrison will leverage his deep experience in asset-based lending (ABL) origination to further bolster WOCF’s leading middle market ABL platform. Prior to joining WOCF, Harrison was a Senior Vice President at Citizens Business Capital, where he was responsible for originating ABL transactions across the Mid-Atlantic and Northeast regions.
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Gordon Brothers provided Linen Chest a C$35 million revolving credit facility to increase the Canadian home goods and accessories omni-channel retailer’s liquidity and support future growth. Additionally, the firm will provide a vendor support program to ensure Linen Chest’s continued operations and go-forward strategy. “Having grown and expanded our network in Canada and our support of proud Canadian retailers like Linen Chest, our financing will not only increase the company’s liquidity
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SLR Credit Solutions announced that Taylor Stewart has joined as Director of Origination. With over 12 years of industry experience, Stewart brings deep expertise in originating, structuring, and underwriting asset-based and cash flow credit facilities for middle market companies. Stewart is joining SLR CS from PNC Business Credit, where he held various roles, most recently as an originator covering sponsors and intermediaries in the Northwest region. Previously Stewart worked as an associate at
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Fifth Third Bank announced Scott Daigle as North Florida region president. Daigle succeeds Cary Putrino, who has transitioned into a new role as region chairman in North Florida. Putrino will focus on business development, special projects and brand ambassadorship.“Cary has exemplified what strong regional leadership looks like—building trusted relationships, fostering deep community engagement and consistently prioritizing client success,” said Tom Partridge, group regional president. “As he
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