Citizens Financial Group announced that Ted Swimmer, head of capital markets and advisory for Citizens Commercial Banking, has been named Head of Commercial Banking, effective immediately. Swimmer succeeds Don McCree, who will remain at Citizens as Chair of Commercial Banking until his retirement at the end of March 2026.“I want to thank Don for his significant contributions to Citizens’ success and for his strong commitment to a seamless transition. Under Don’s leadership, we’ve built one of
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October 07, 2025 @ 08:15 AM
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FGI Worldwide (“FGI”) announced the hiring of Richard Mahtani as Managing Director, FGI Finance. Mahtani joins deal team leadership in partnering with FGI’s global business development and underwriting teams to source and execute new asset-based lending (ABL) transactions.With more than two decades of expertise in closing transactions for middle market, mid-corporate, and large corporate clients, including sponsor-owned companies, Mahtani brings experience spanning a wide range of sectors
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October 07, 2025 @ 08:12 AM
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Moritt Hock & Hamroff announced the formation of the firm’s Business Divorce Practice Group. Chaired by litigation partner Stephen J. Ginsberg, the group is comprised of a team of highly experienced attorneys focused on resolving complex disputes between co-owners of closely held businesses. The launch of this practice group coincides with significant technological advancements that have increased corporate efficiencies, across a range of industries, resulting in significantly increased
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October 07, 2025 @ 08:11 AM
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Mitsubishi HC Capital America provided a $4 million revolving asset-based line of credit to The Fresh Factory, a company focused on accelerating the growth of fresh, clean-label, plant-based food and beverage brands. The Fresh Factory secured the line of credit for working capital and general corporate purposes. Additionally, the company is also utilizing an equipment lease structure from Mitsubishi HC Capital America to increase capacity and allow for future expansion. Located near Chicago, the
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October 07, 2025 @ 08:10 AM
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Commercial Finance Partners announced a record-breaking third quarter, closing a diverse mix of transactions across SBA, conventional, and factoring products. The team’s creativity and execution drove record revenue and growth, supporting clients and lending partners across multiple industries.Highlighted Transactions
$2,765,000 Term Loan for the acquisition of an apparel business, financing 90% of the purchase price with an additional $500,000 AR line of credit carve-out.
$1,500,000
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October 07, 2025 @ 07:48 AM
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Republic Business Credit announced the promotion of Eric Dorner to Senior Vice President, Business Development Officer. Dorner's promotion underscores his commitment to honing his craft and building long-term relationships within the finance community. This promotion reflects Dorner’s dedication to understanding the needs of his clients and his key role in Republic’s growth.Dorner began his career in secured finance more than 15 years ago. Recognizing his talent for understanding client needs
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October 07, 2025 @ 07:44 AM
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Alpine Ridge Funding and David Fortner announced the successful closing of a $12 million factoring facility for a leading IT staffing company. This strategic financial solution will empower the company to expand its operations by taking on new contracts and growing existing ones, driving significant business growth.The factoring facility provides the IT staffing company with immediate access to working capital, enabling it to meet increasing demand, scale its workforce, and seize new
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October 07, 2025 @ 07:38 AM
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Frost Brown Todd (FBT) announced that Sarah M. Naseman has joined the firm’s Houston office as a partner in the Commercial Finance practice group. Naseman brings a wealth of experience in debt and equity finance, with a particular focus on private credit and lower middle-market leveraged buyouts, further expanding the firm’s capabilities in support of financial institutions nationwide. “Sarah brings a robust background in high-end banking and credit transactions, along with a proven ability to
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October 07, 2025 @ 07:34 AM
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New industry research by the Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association (AIMA), and global law firm Dechert, reveals that as the private credit market matures, managers are refining their fund structures to meet rising investor demands for liquidity, co-investment and bespoke solutions.The report, 'Trends in Private Credit Fund Structuring 2025' is the second edition of ACC/Dechert's research – updating the 2023 report –
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October 07, 2025 @ 07:33 AM
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First National Capital Corporation (FNCC) announced a $15 million strategic financing package for a premier Pacific Northwest ship repair and construction company, enabling expansion amid surging demand for West Coast maritime services. The innovative structure navigates complex contractual requirements from recent dry dock acquisitions—constraints that have prevented traditional lending solutions.The client operates critical maritime infrastructure serving shipping lanes from Alaska to Hawaii
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October 07, 2025 @ 07:23 AM
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Fifth Third Bancorp and Comerica Incorporated announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. Under the terms of the agreement, Comerica’s stockholders will receive 1.8663 Fifth Third shares for each Comerica share, representing $82.88 per share as of Fifth Third’s closing stock price on October 3, 2025, and a 20% premium to Comerica’s 10-day volume-weighted average stock price.
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October 06, 2025 @ 08:15 AM
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Second Avenue Capital Partners (“SACP”), a leading provider of asset-based lending solutions, announced a significant expansion of its existing credit facility with Huntington Business Credit (“HBC”). The facility was upsized by $235 million, bringing the total to $700 million, to support the firm’s rapid and ongoing growth trajectory. The syndicated transaction was oversubscribed, demonstrating strong lender confidence in SACP’s business model and performance.The expanded facility includes a
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October 06, 2025 @ 08:12 AM
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The 249,152 individual chapter 7 bankruptcies filed during the first nine months of 2025 represented a 15 percent increase over the 216,773 filed during the same period in 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total bankruptcy filings were 423,053 during the first nine months of 2025, a 10 percent increase from the 383,341 total filings during the same period a year ago. Total individual filings registered an 11 percent increase
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October 06, 2025 @ 08:10 AM
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eCapital delivered a $35 million payroll financing facility to support the growth and working capital needs of a leading staffing solutions provider.The company offers staffing and managed services in information technology, engineering, and professional roles. With operations across Canada and the United States, it connects highly skilled professionals with some of the most established names in the technology sector and has built a reputation for service excellence, innovation, and
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October 06, 2025 @ 08:05 AM
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Verano Holdings Corp., a leading multi-state cannabis company, closed a credit agreement agented by Chicago Atlantic Admin, LLC, with participation from a regional bank, to provide the Company a revolving credit facility of US $75,000,000. Upon closing the Revolver, the Company drew US $50,000,000 to pay down US $50,000,000 of higher interest rate debt from its existing senior secured credit facility without incurring any prepayment penalty, with the remaining US $25,000,000 being available to
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October 06, 2025 @ 07:46 AM
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