Wells Fargo & Company entered into a definitive agreement to sell the assets of the company’s rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. The transaction is expected to close in Q1 2026 or sooner, subject to satisfaction of customary closing conditions.“This transaction is consistent with Wells Fargo’s ongoing strategy of simplifying our businesses and focusing on products and services that are core to our clients,” said
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Kashable, a mission-driven fintech platform Redefining Credit for Working Americans as an employer-sponsored voluntary benefit, announced the closing of a $250 million credit facility. This financing will allow Kashable to continue to provide equitable, affordable credit and financial wellness solutions to employees and expand its reach to employers throughout the U.S.Nomura Corporate Funding Americas served as the lead lender and agent in the facility. Kashable also continues to be supported by
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Sunrise Realty Trust (“SUNS”), a lender on the TCG Real Estate platform, announced the expansion of its senior secured revolving credit facility with the addition of EverBank. EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp in November 2024, remains expandable to $200 million, subject to certain conditions and additional lender participation.Proceeds from the Credit Facility
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Alvarez & Marsal (A&M) announced the appointment of Richard H. Chen as a Managing Director within its Private Equity Performance Improvement (PEPI) group. Chen, a recognized end-to-end value creation expert for private equity (PE), will lead, build-out and grow PEPI’s U.S. Operational Due Diligence (ODD) practice in response to increasing market demand. Chen brings two decades of experience advising PE investors and their portfolio companies on operational diligence, value creation planning
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Frontier Infrastructure Holdings, a leading developer of low-carbon infrastructure across the Mountain West and Texas, announced a series of strategic developments that reinforce its leadership in scalable power generation. These include the acquisition of 270 megawatts (MW) of gas turbines for behind-the-meter ("BTM") energy projects, the successful closing of a $130 million senior secured equipment supply loan to advance its power platform, and the appointment of veteran power executive
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Exchange Bank announced the promotion of Ali Spitzer to Senior Vice President and Chief Credit Officer, recognizing her outstanding leadership and continued contributions to the Bank’s long-term success.Spitzer brings a wealth of experience to the role, having served in multiple leadership positions since joining the Exchange Bank. From her early days as a Credit Analyst to roles as Underwriter, Loan Officer and most recently Credit Administrator, Spitzer has demonstrated exceptional versatility
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Tiger Group will be hosting an online auction on June 11 for the assets of Shine Solar, a multi-state installer of residential and commercial solar systems that filed for Chapter 7 Bankruptcy in the Western District of Arkansas (Fayetteville) under case #: 5:25-bk-70455. The offering includes a wide selection of solar panels from Canadian Solar, EZ Solar, Silfab, Solaria; generators from Generac, Kohler and others; insulation blowers, conduit, plus a large assortment of electrical parts
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Pagaya Technologies, a global technology company delivering AI-driven product solutions for the financial ecosystem, announced the launch of POSH (Pagaya Point of Sale Holdings Trust), a new asset-backed revolving securitization program focused on point-of-sale financing (“POS”), which will enable Pagaya to be a growth catalyst for point-of-sale providers in the U.S.By combining increased funding capacity through POSH with Pagaya’s embedded AI-driven underwriting technology, lenders can approve
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Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, announced that its Asset-Based Lending (“ABL”) team has provided a $5 million revolving line of credit to Global Printing & Packaging (“GPP”). Headquartered in Marlborough, Massachusetts, GPP is a longstanding provider of high-quality consumer product packaging and logistics solutions, offering global manufacturing at scale. Founded in 1965, GPP began as a small, family-owned
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VOX Funding announced closing a $150 million credit facility with Raven Capital, a New York-based investment firm specializing in asset-based direct lending.This transaction marks a major milestone in VOX Funding’s ongoing expansion and reflects the strength of its platform, which has delivered consistent results across market cycles. The added capacity will support the firm’s continued scaling, further strengthening its position as a leader in alternative credit.Founded in 2018, VOX Funding has
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US Capital Global announced the promotion of Michael J. Levas to Partner. Based in Boston, Levas will co-lead the group’s Northeastern U.S. investment banking operations while driving strategic business development across Italy and Greece.With a distinguished career spanning over 30 years at top-tier Wall Street institutions—including Lehman Brothers, S.G. Cowen, UBS PaineWebber, Bear Stearns, and Advest—as well as as founder of The Olympian Group, Asclepius Life Sciences Fund, and Asclepius
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Monterey Financial Services, a national leader in specialty financing and loan servicing, announced the appointment of Kevin Weiss as CEO. Weiss steps into the role with a strong track record of building high-growth companies and a clear vision to advance Monterey Financial Services’ innovation and customer-centricity. Before Monterey, Weiss helped to launch and grow several successful businesses. In financial services, he was a founding team member of M13, a venture capital firm that now
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AEA Investors' Private Debt group ("AEA Private Debt"), a leading provider of private credit to the middle market, announced that it served as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner for a first lien credit facility in support of the refinancing of Training The Street ("TTS" or the "Company"), a portfolio company of Falfurrias Capital Partners ("FCP").Headquartered in Charlotte, NC, Training The Street is a leading global provider of accounting, capital markets, financial
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FGI Worldwide announced the hiring of Bryan Rozum, CFA, as Managing Director, FGI Finance. Based in Chicago, Rozum will focus on originating new business opportunities throughout the Midwest for FGI Finance, FGI's asset-based lending division. He joins Greg McBride of FGI Risk and Daniel Schlossberg of FGI Equipment Finance in connecting clients across the region with finance and risk management solutions.Rozum will build on the division’s strong Midwest foundation, established by Tessa Payne
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Tradewind Finance, an international trade finance provider, is excited to be celebrating its 25th anniversary this year. This milestone commemorates twenty-five years of serving exporters, importers, manufacturers and more with innovative liquidity solutions to grow and succeed.Tradewind was founded in 2000 in Germany with the mission to help suppliers bridge cash flow and equip them with the tools to trade securely. It first began delivering receivables-based financing to textile suppliers in
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