Orion Group Holdings, a leading specialty construction company, entered into a new, five-year $120 million senior credit facility with UMB Bank.
The $120 million UMB Credit Facility matures in December 2030 and is comprised of (i) a $60 million revolving line of credit, (ii) a $20 million equipment term loan facility, and (iii) a $40 million acquisition term loan facility. The Credit Facility also includes an additional $25 million uncommitted accordion to fund future growth. This facility
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December 29, 2025 @ 08:15 AM
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Picard Medical, parent company of SynCardia Systems LLC, maker of the world’s first total artificial heart approved by both the U.S. FDA and Health Canada, entered into a definitive agreement for a private placement financing of up to $50.0 million aggregate principal amount of senior secured notes due 2028 together with warrants to purchase common stock of the Company. WestPark Capital served as Sole Placement Agent.The Company expects to issue an initial $15.0 million principal amount of notes
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December 29, 2025 @ 08:00 AM
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Hilton Global Associates announced the appointment of Heather Calabret-Morison as Senior Director of Business Development. Heather brings extensive experience in enhanced due diligence across private markets, working hand-in-hand with compliance professionals, legal teams, and investment professionals throughout the deal lifecycle.In her new role, Heather will focus on expanding and strengthening institutional client relationships while ensuring that clients receive high-quality, defensible
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December 29, 2025 @ 07:30 AM
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FSE (Funding Solution Experts), an independent commercial finance brokerage, announced it has surpassed the $500 million milestone in total capital deployed to small and mid-sized businesses (SMBs) across the United States. This achievement solidifies FSE's position as a critical infrastructure partner for American businesses facing the tightening credit standards of traditional banking institutions.FSE has scaled its operations to fill the liquidity gap, providing rapid-response funding between
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December 29, 2025 @ 07:00 AM
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Sonata Bank, together with Sonata Financial Holdings, has hired Dana Litman as its Executive Vice President and Chief Financial Officer (CFO). As the latest addition to the leadership team, Litman most recently served as Interim CFO at Sonata Bank, guiding the bank through a period of reorganization and strategic realignment. He has more than 30 years of financial services experience in accounting, risk management, information technology and operations with banks, holding companies, fintechs and
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December 29, 2025 @ 05:10 AM
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EquipmentShare announced the completion of its fourth asset-backed securitization (“ABS”) under the OWN Program.In the transaction, OWN Equipment Fund III LLC (“OEF III”) purchased a pool of rental equipment from EquipmentShare. OEF III, a third-party investment vehicle, successfully raised approximately $454 million through an institutional investor–supported ABS transaction collateralized by EQPT-managed equipment. EquipmentShare played an active role alongside OEF III in facilitating the ABS
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December 29, 2025 @ 05:00 AM
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The global private credit market will continue to grow in scale and complexity in 2026, having become much more diversified and widely held over the past decade, with an evolution into new structures, sectors and products, Fitch Ratings says.Private credit structures and asset classes will continue to evolve beyond closed-end investment funds and business development companies, which are expected to reach $2.3 trillion in assets under management at end-2025, according to Preqin.Private credit’s
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December 24, 2025 @ 08:15 AM
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Bloomberg reported Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation.According to the Bloomberg report, the company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, the people said, asking not to be identified because they’re not authorized to speak
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December 24, 2025 @ 08:10 AM
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Struggling retailers and their asset-based lenders can use out-of-court workouts to escape today’s escalating Chapter 11 bankruptcy costs, advised a restructuring veteran from A&G Real Estate Partners. That might sound counterintuitive at first, simply because Chapter 11 gives retailers the power to walk away from their non-core leases. But rising Chapter 11 bankruptcy costs have spurred more retailers and other companies to restructure their real estate out of court, explained A&G
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December 24, 2025 @ 08:03 AM
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Deerpath Capital Management announced a reset of Deerpath CLO 2023-2, a $353.55 million collateralized loan obligation (CLO).This marks the first reset of the 2023-2 CLO since it was originally launched in December 2023. The reset achieved a AAA spread of SOFR+147bps—down from the original SOFR+255. This marks the fourth CLO transaction of 2025 for the firm, bringing total issuance in 2025 to approximately $2.0B.The reset is Deerpath's fourth CLO issuance in 2025, with the most recent
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December 24, 2025 @ 08:00 AM
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Armada Credit Group announced the acquisition of Chain Bridge Capital Group, a Portsmouth, New Hampshire based firm, further strengthening Armada’s presence and capabilities within the specialty finance and capital markets space in North America. As part of the acquisition, Bob Rose, Managing Director of Chain Bridge Capital Group, will take on a leadership role as Senior Vice President of Armada’s Transportation division and continue working closely with Armada to support strategic growth
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December 24, 2025 @ 07:39 AM
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Oxane Partners (“Oxane”), a technology-driven solutions provider to the private credit markets, has strengthened its technology capabilities to meet the growing valuation needs across Private Credit+. This momentum is also reflected in recent independent recognition, with the firm named ‘Best Valuations Service of the Year’ at the PE Wire US Awards 2025 and recognised by Chartis for its private credit valuation capabilities for two consecutive years.As private credit funds grow larger and more
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December 24, 2025 @ 07:00 AM
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Altus Power, one of the nation’s leading long-term owners and operators of commercial-scale solar assets, announced the acquisition of a 234 Megawatt portfolio of solar generation and storage assets from Greenbacker, an energy-transition focused investment manager and independent power producer, comprising more than 100 sites across 18 states. This transaction ranks among the most significant distributed generation asset purchases in recent years, reinforcing Altus Power’s position as the
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December 24, 2025 @ 07:00 AM
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Morningstar DBRS has published commentary on the U.S. banking sector that provides a neutral outlook for the U.S. banking sector in 2026, highlighting resilience amid economic challenges. Key highlights include:
Economic Environment and Banking Performance
The U.S. banking sector is expected to perform well in 2026, supported by a generally stable economic environment, despite signs of a softening labor market and ongoing inflation.
Anticipated U.S. GDP growth is projected at 2.0% for
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December 24, 2025 @ 06:00 AM
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SouthStar Capital completed the funding of a $500,000 invoice factoring facility for a rapidly expanding services company supporting both technology and energy-related operations.The business has experienced steady growth driven by increased customer demand and the addition of new service offerings. As activity expanded and contract volume increased, the company required additional working capital to keep pace with ongoing operating expenses.SouthStar Capital provided a flexible Invoice
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December 24, 2025 @ 05:00 AM
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