|
ABL Advisor News
Rosenthal Capital Group (RCG), a leading private commercial finance firm in the United States, announced the completion of a $9.5 million asset-based loan facility for a large-scale manufacturer of graphic printing solutions. Based in New Jersey, the company serves a diverse customer base of businesses in need of industrial and retail packaging and advertising. The company had received approval for a LOC and a Term Loan from a new bank and was in the documentation stage, when management issued
Read Story
|
Truist Financial Corporation hired Charles Alston as head of its new Nonprofit Hospitals, Higher Education and Government (HHG) banking team to drive focused growth and deepen client relationships.As part of the Truist Specialized Industries team within the expanded Commercial and Corporate Banking business, HHG serves more than 1,000 clients that includes nonprofit hospitals, colleges and universities, and municipal and government entities. The team offers tailored strategic advice and delivers
Read Story
|
At Home Group Inc. announced steps the Company is taking to strengthen its financial foundation and position the business for long-term success while continuing to serve its customers.The Company has entered into a Restructuring Support Agreement (the "RSA") with lenders holding more than 95% of the Company’s debt that sets forth terms of a prearranged financial restructuring that will eliminate substantially all of the Company’s nearly $2 billion in funded debt and provide a capital infusion of
Read Story
|
Wintrust Business Credit (WBC) closed a new $100 million asset-based revolving line of credit to this Midwest-based distributor. WBC acted as the administrative agent and lead arranger for the new credit facility. The company is a prominent distributor of equipment used for recreational activities, including hunting, fishing, and water sports. It principally conducts its sales on a wholesale basis, serving clients such as Amazon, other big-box retailers, and distributors. Additionally, the
Read Story
|
Turning Rock Partners, a New York-based private investment firm, announced Shahid Khoja has joined the firm as Head of Credit. Khoja brings nearly 20 years of experience across public and private credit investing and leveraged finance, with deep expertise in opportunistic credit, structured products and special situations.Prior to joining Turning Rock Partners, Khoja was Managing Director and Head of Credit at Z Capital Group (“ZCG”), where he led a 12-person investment team and managed the
Read Story
|
Diversified Healthcare Trust closed a new $150 million secured revolving credit facility. The facility is secured by 14 senior housing communities with 2,632 living units managed by Five Star Senior Living, the operating division of AlerisLife Inc., and provides DHC with enhanced liquidity to support its general business needs.The revolving credit facility has an initial term of four years, with two six-month extension options, subject to certain conditions, and bears interest at a rate equal to
Read Story
|
Republic Business Credit successfully funded a $1,000,000 non-recourse factoring facility for a prominent Los Angeles-based fashion and textile manufacturer. Republic's tailored solution provided the company with an outsourced accounts receivable partnership, cash flow support and resources to identify the creditworthiness of its customers. Republic’s product will enable the apparel manufacturer to manage its inventory levels, cover expenses and pursue new business opportunities with confidence
Read Story
|
Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, announced that Justin Maleson has expanded his role to Managing Director of the firm’s legal credit investment strategy. Maleson, who joined VPC in 2024 as Assistant General Counsel, will co-head the strategy with Chad Clamage, Managing Director and work closely Hugo Lestiboudois and Andrew Pascal who are dedicated to the strategy. Richard Levy, VPC CEO, CIO & Founder will continue to
Read Story
|
Squire Patton Boggs continued the expansion of its private capital and cross border financing capabilities with the addition of a three-lawyer team in its Private Credit and Direct Lending practice group. Partner Cynthia Weiss, Principal Stephanie F. Lipscomb (both in Washington DC) and Associate Majer Ma (New York) join the firm from Polsinelli. Their arrival follows that of partner Gabriel Yomi Dabiri who recently joined the firm in New York from Polsinelli to serve as Global Head of Private
Read Story
|
Blank Rome announced that partner David M. Clem and associate Megan A. Altobelli have joined the firm’s nationally recognized Business Litigation group and Financial Services industry team. As litigators and trial lawyers, David and Megan focus their practice on complex commercial litigation, primarily representing financial institutions in significant trials and arbitrations. “We are pleased to welcome David and Megan to our expanding Dallas office and our national Business Litigation group,”
Read Story
|
The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, declined steeply to 124.5 in the second quarter from 143.2 in the prior period on a seasonally adjusted basis. This 18.7-point drop represents the second largest quarter-over-quarter decline in the 10-year history of the survey, with the results reflecting increasing concerns about the cost of doing business amidst growing uncertainty around the imposition of
Read Story
|
Aviation Capital Group (“ACG”) closed a $1 billion delayed draw secured credit facility entered into with a syndicate of lenders and maturing in June 2027. Crédit Agricole Corporate & Investment Bank acted as Structuring Agent, Lead Arranger, Bookrunner and Administrative Agent. Bank of China, Los Angeles Branch, BNP Paribas, Société Générale and Truist Bank joined as Joint Lead Arrangers.
“We are excited to announce the closing of this facility and appreciate the continued support from the
Read Story
|
WhiteHawk Capital Partners provided a $70 million senior secured term loan to an online grocer focused on providing fresh, high-quality, and locally sourced products to customers.The Company has long-standing relationships with local farms, fishermen, and bakeries to deliver products multiple days fresher than traditional retailers. The financing provides additional flexibility to support future growth."We are pleased to provide this flexible financing solution to a company in an essential
Read Story
|
Sunnova Energy International received approval for a series of strategic transactions intended to support a value-maximizing sale process as part of its ongoing Chapter 11 proceedings. This announcement marks an important next step following the Company’s, and certain of its subsidiaries’, voluntary chapter 11 filings in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) on June 8, 2025.“These transactions serve as a critical step forward in Sunnova’s
Read Story
|
Invesco Commercial Real Estate Finance Trust ("INCREF"), a perpetual life real estate investment trust (REIT) focused on private credit secured by real estate, has provided $354.6 million in financing to Bridge Logistics Properties ("BLP"), a subsidiary of Bridge Investment Group, to refinance an industrial assets portfolio.The portfolio comprises 24 properties, spanning 2,454,761 square feet of industrial assets in California, Washington, Texas, New Jersey, New York, and Florida."This financing
Read Story
|
|
|