Wingspire Capital provided a $50 million senior secured credit facility to Accuray Incorporated, that includes a $20 million revolver and a $30 million term loan, with proceeds being used to replace a previous debt facility and for general corporate purposes. The financing was part of a convertible note exchange and refinancing of a $150 million term loan facility by global asset manager TCW Asset Management Company LLC that was announced on June 6.Accuray invents market-changing solutions
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Rosenthal Capital Group (RCG), announced the completion of a $3.5 million asset-based loan facility for a well-established family owned fine jewelry retailer in the Midwest. In business for 90 years, the Chicago-based company was seeking a new lending relationship when its existing non-bank lender made the decision to exit the jewelry industry altogether. A local investment banker in Chicago working with the company introduced RCG to the company’s management team. RCG was able to move quickly to
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Huntington Business Credit closed $45,888,000 in new credit facilities with Down-lite International, Inc. on May 13, 2025. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.Down-lite International, Inc., headquartered in Mason, Ohio, is a manufacturer and distributor of down and synthetic filled products and bulk feathers primarily to domestic retail customers.
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CIBC Innovation Banking provided a growth capital financing to Carefull, a leading financial safety platform focused on protecting aging adults from financial fraud and exploitation. This financing will further accelerate the company’s expansion, bringing its innovative financial protection solution to more families, financial institutions, and wealth managers.Carefull’s AI-powered platform was designed in direct response to the growing threat of financial fraud targeting aging adults. Carefull
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HarbourVest Partners, a global private markets investment specialist with more than $147 billion in assets under management as of March 31, 2025, announced the appointment of Elizabeth Pritchard as managing director and Head of Data and Analytics. In this role, Elizabeth will lead and grow the firm’s data vision and strategy.“We are excited to welcome Elizabeth to HarbourVest,” said John M. Toomey Jr., CEO, HarbourVest Partners. “Data-driven decision making has always been at the core of how we
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Ares Management Corporation announced the launch of its first European Long-Term Investment Fund (“ELTIF”) vehicle, the Ares European Strategic Income ELTIF Fund (“AESIF ELTIF”), a semi-liquid perpetual direct lending fund that will provide individual investors in the European Economic Area with expanded access to Ares’ leading European Direct Lending strategy.AESIF ELTIF is the latest offering through the wealth channel and its first under the updated ELTIF regime. Designed to deliver a
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British Columbia Investment Management Corporation (“BCI”), one of Canada’s largest institutional investors, has completed a US$200 million anchor investment in the newly launched, Europe-focused, Arini Direct Lending Fund (“the Fund”) as part of the recently announced alliance between Arini Capital Management and Lazard, Inc. (the “Alliance”) to provide bespoke direct lending solutions to mid-market companies across Europe. In addition, BCI plans to invest, at its discretion, an additional
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Blackstone has successfully closed its previously announced CDN$7 billion equity investment in Rogers Communications Inc.Under the terms of the transaction, funds managed by Blackstone Credit & Insurance (“BXCI”) and leading Canadian institutional investors have acquired a non-controlling interest in a newly established subsidiary of Rogers that owns a portion of the company’s wireless backhaul transport infrastructure.The Blackstone-led investor group includes Canada Pension Plan Investment
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National Bank Investments (“NBI”) announced a new partnership with Apollo Global Management to expand access to private credit investments for Canadian accredited investors.The new NBI Apollo Private Credit Fund, available since May 1st, provides exposure to private credit opportunities in directly originated assets by investing in Apollo Debt Solutions BDC, a non-traded US business development company focusing on senior secured large corporate direct origination, broadly syndicated loans, and
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NewtekOne announced that its consolidated subsidiary, Newtek ALP Holdings, amended and upsized its revolving credit facility with Deutsche Bank AG (“DB”), which facility is employed to fund the origination of Alternative Loan Program (“ALP”) loans before they are placed into securitizations.
The amendment provides for, among other things, a facility increase to $170 million. DB has been an ALP warehouse lender to the Company since 2019. As previously reported on April 23, the Company closed a
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Aircraft Engine Lease Finance ("AELF") announced the completion of a $55 million line of credit provided by Indiana-based Merchants Bank. The financing will be used for the acquisition of commercial aircraft as AELF continues to expand its fleet."Merchants Bank has been a key partner in AELF's development, and we are very pleased to continue to expand that relationship as we grow the fleet and diversify our stable of high-quality airline partners," said Phil Scruggs, Board Member for AELF.AELF
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Wesdome Gold Mines announced that the Company has executed an amended and restated credit agreement with a syndicate of lenders to upsize and extend the maturity of its current secured revolving credit facility by an additional three years to June 19, 2028.Pursuant to the Agreement, the Credit Facility includes aggregate commitments of US$250 million with an additional accordion of US$50 million for a total of up to US$300 million. This represents approximately a twofold increase from Wesdome’s
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EisnerAmper announced that Robert Hallman has joined the firm as a partner in its International Tax Services Group. With more than 15 years of experience, Hallman advises clients ranging from individuals to publicly traded multinationals on cross-border tax matters and global structuring strategies. He helps clients navigate evolving legislation, regulatory risks, and compliance obligations. His experience spans the technology, real estate, financial services, manufacturing, and life sciences
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Ring Energy, an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets, announced that the borrowing base was affirmed at $585 million under its $1.0 billion senior secured credit facility. In addition, the Credit Facility term was extended to June 2029, and Bank of America was named as new Administrative Agent.Key Highlights
Entered into a Third Amended and Restated Credit Agreement with a borrowing base of
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Auxly Cannabis Group, a leading consumer packaged goods company in the cannabis products market, entered into two agreements that will strengthen its balance sheet, reduce debt, and support long-term growth:
A non-binding agreement (the "Term Sheet") to amend and restate the Company's existing syndicated credit facility led by the Bank of Montreal ("BMO"), and
An exchange agreement (the "Exchange Agreement") with Imperial Brands plc ("Imperial Brands") pursuant to which all amounts owing by
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