CIBC announced senior leadership appointments to its Group Executive Leadership Team that will position the bank for the future and further accelerate the execution of its client-focused strategy as Harry Culham assumes the role of President and CEO Nov. 1, 2025."Across CIBC, we are accelerating our momentum by delivering on our client-focused strategy and by fostering a purpose-led, connected culture, which starts with our leadership team and extends to every corner of our bank," said Culham.
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August 13, 2025 @ 08:17 AM
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TPG Twin Brook Capital Partners (“TPG Twin Brook”), the middle-market direct lending platform of TPG Inc., and Coller Capital, the world’s largest dedicated private market secondaries manager, closed a $3 billion credit-focused continuation vehicle, marking the largest completed transaction of its kind to date in the private credit secondaries market.The continuation vehicle was established to acquire a diversified portfolio of floating-rate, senior secured, sponsor-backed loans from TPG Twin
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August 13, 2025 @ 08:15 AM
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First Citizens Bank announced that its Capital Equipment Finance business arranged $132 million in debt refinancing for Signet Maritime Corp., a marine transportation and logistics company headquartered in Houston, Texas.Proceeds from the term loan are to repay and retire Signet Maritime’s existing first lien credit facility, to fund development capital expenditures and to pay related transaction fees and expenses. This financing transaction was solely led and arranged by First Citizens. Signet
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August 13, 2025 @ 08:10 AM
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RB Global announced leadership changes and senior management appointments, effective Sept. 1, to position the company for accelerated and consistent growth.“Since becoming CEO, I’ve been laser-focused on setting the right foundation for our growth for another 50-plus years,” said Jim Kessler, CEO of RB Global. “With this go-forward structure, our teams are set up to focus on big-picture strategy and efficiency, while also strengthening how we can deliver on our commitments to each marketplace’s
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August 13, 2025 @ 08:08 AM
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Rapid Micro Biosystems, an life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, entered into a five-year, $45 million term loan facility with Trinity Capital Inc. Proceeds from this facility will be used for general corporate purposes, which may include supporting the continued global commercial expansion of the Growth Direct system, and ongoing investments in manufacturing
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August 13, 2025 @ 08:06 AM
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Castlelake announced the formation of Merit AirFinance, an aviation lending business which will provide debt capital to airlines and leasing companies for new and used aviation assets.Merit AirFinance seeks to provide separation between Castlelake’s leasing and lending offerings as a new operating subsidiary focused on providing flexible, innovative debt solutions to airlines and leasing companies. Merit will build on Castlelake’s robust aviation lending activity, having deployed more than $5
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August 13, 2025 @ 07:59 AM
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Comvest Credit Partners announced the closing of Comvest Credit 2025-2 CLO, a $403 million collateralized loan obligation (CLO). The transaction represents Comvest Credit Partners’ fourth new CLO issuance in the last year and second CLO issuance in 2025.“As we continue to expand our presence and strengthen relationships in the middle-market CLO space, we are grateful for the strong support and confidence investors have shown in our alternative credit platform,” said Jason Gelberd, Partner, Chief
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August 13, 2025 @ 07:53 AM
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First Business Bank’s Asset-Based Lending team announced a recently closed and funded $6,850,000 revolving line of credit, CapEx equipment line of credit, and real estate term loan to fund the refinance of a Texas manufacturer of precision-machined metal parts.“We're pleased to provide this refinancing solution for a well-established manufacturer in the precision machinery sector, said Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of
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August 13, 2025 @ 07:50 AM
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Lighthouse Financial Corp. completed a $5,000,000 Revolving line of credit to a Florida-based manufacturer and distributor of steel products. The company is focused on the value-added processing of steel products for the construction industry using the very latest technology and manufacturing techniques in order to produce quality products while exceeding the highest safety standards.After being profitable historically, the company incurred losses due to a downturn in the construction industry
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August 13, 2025 @ 07:06 AM
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Sound Point Capital Management announced the first close of Strategic Capital Fund III (“SCF III” or “the Fund”) with $1.1 billion in capital commitments, exceeding both its first and final close targets of $500 million and $1 billion, respectively. Sound Point is targeting a final close of SCF III by year-end 2025 with a hard cap of $1.5 billion.To date, SCF III has received commitments from a diverse range of sophisticated institutional investors, including insurance companies, public and
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August 12, 2025 @ 08:15 AM
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First Financial and BankFinancial jointly announced that they have entered into an agreement by which First Financial will acquire Chicago-based BankFinancial in an all-stock transaction, strategically expanding First Financial’s presence in the economically robust Chicagoland market with a strong core deposit franchise including 18 financial centers. The acquisition also builds on First Financial’s existing commercial banking presence in the Chicagoland market. "We are excited to add consumer
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August 12, 2025 @ 08:10 AM
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TPI Composites announced that it, together with its domestic subsidiaries (collectively, “TPI” or the “Company”), has commenced voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to pursue a comprehensive restructuring of the Company that will allow the Company to emerge as a stronger enterprise. To support the Company during this process, TPI has reached an agreement, subject to final documentation and approval of the
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August 12, 2025 @ 08:01 AM
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Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the growth of Mission Critical Group (“MCG”), an existing portfolio company of Emerald Lake Capital Management.Through the combination of Johnson Thermal Systems, Mission Critical Facilities International, Inc., Point Eight Power, and DVM Power+Control, MCG provides differentiated electrical distribution and control systems offering design, engineering, and manufacturing capabilities across multiple
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August 12, 2025 @ 08:00 AM
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MidCap Financial provided a senior secured revolving credit facility to XBP Americas, LLC (formerly known as Exela Technologies BPA, LLC), a subsidiary of Nasdaq listed XBP Global Holdings, Inc. The agreement provides for a $150,000,000 revolving credit facility secured by ABL Priority Collateral with a maturity date 36 months from closing, among other customary provisions. Proceeds from the credit facility were used to refinance the Company’s existing debt, facilitate the Company’s emergence
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August 12, 2025 @ 08:00 AM
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Siena Lending Group closed a new $350 million senior secured credit facility for SkyWater Technology.The credit facility, agented by Siena, has been used to support SkyWater in the acquisition of a 200mm semiconductor fabrication facility ("Fab 25") in Austin, Texas from Infineon Technologies AG, and defense applications.The acquisition will be adding approximately 400,000 wafer starts per year.SkyWater further believes this move directly supports national onshoring and reindustrialization
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August 12, 2025 @ 07:58 AM
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