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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King Trade Capital successfully completed a $2.1MM purchase order finance facility for a California based dry baked goods manufacturer.The client, a previous client of King Trade Capital, reached out through their private equity owners after a very successful growth initiative in previous years utilizing KTC’s PO financing. They returned to KTC for a PO financing solution to support a large holiday program awarded by a national grocery chain.King Trade Capital moved quickly to underwrite the
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Clearway Energy Group ("Clearway"), Natixis Corporate and Investment Banking ("Natixis CIB"), and a group of 13 other lenders have successfully closed a $918.9 million transaction. The financing upsizes and extends the tenor of the existing $818.9 million credit facilities with the support of existing lenders alongside five new lenders joining the syndicate. The credit facilities will support the expanding development and continuing growth of Clearway's renewable energy generation and battery
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JAKKS Pacific announced that on June 24, 2025 it refinanced its existing asset-based revolving credit facility with a new cash flow based first lien secured revolving credit facility with BMO Bank with a term ending in 2030.The new first lien secured credit facility replaced the Company's existing $67.5 million revolving credit facility maturing in June 2026. Any amounts borrowed under the new credit facility will have an interest rate equal to the applicable Secured Overnight Financing Rate
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Dechert announced the addition of Robert Shapiro as a partner in its financial services practice group, complementing the firm’s deep U.S. regulatory practice. Shapiro will be based in Dechert’s Washington, D.C. office.“As we continue to expand our specialized, best-in-class financial services offerings, Robert’s extensive regulatory expertise is a tremendous asset to the firm. His broad background and deep skillset will enable us to provide even more comprehensive legal services to our
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Gibraltar Business Capital (GBC) has increased its asset-based line of credit for Prodigy Health, a rapidly growing specialty pharmaceutical distributor, marking the latest milestone in a partnership characterized by thorough diligence, innovative structuring, and a commitment to client success.A Relationship Built on Understanding and AgilitySince first partnering with Prodigy Health in 2022, GBC has tailored financing solutions adapted to the company’s evolving needs. GBC provided an initial
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Morgan Stanley Capital Partners (MSCP), the middle market private equity buyout team within Morgan Stanley Investment Management, announced the final close of North Haven Capital Partners VIII (NHCP VIII or Fund VIII) with total capital commitments of approximately $3.2 billion. Fund VIII was significantly oversubscribed, completing the fundraise above its target of $2.5 billion and hitting its $3.0 billion third-party hard cap in less than 12 months after its first close in the third quarter of
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Despite macroeconomic uncertainty putting capital markets on a temporary pause, U.S. middle market private equity sponsors remain cautiously optimistic on the outlook for dealmaking, exits and returns, according to a recent survey from Churchill Asset Management. The survey polled 164 senior leaders from Churchill’s private equity relationships to gauge sentiment in today’s market environment and how these perspectives are influencing investment decisions.Over half of private equity sponsor
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First Citizens Bank announced that its Healthcare Finance business arranged $270 million in financing to support the acquisition of 30 healthcare facilities across Idaho, Oregon, Washington, Montana and Arizona. The properties have historically been and continue to be operated by Cascadia Healthcare and its affiliate Olympus Retirement Living. They include 15 freestanding skilled nursing facilities and seven campuses that consist of a combination of skilled nursing, independent living and
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