US Capital Global announced the successful completion of 16 financing and advisory transactions totaling $1.05 billion in aggregate transaction value. The transactions span a broad range of industries and capital structures, highlighting the firm’s ability to deliver customized financing and strategic advisory solutions to middle-market companies, sponsors, and investors in a rapidly evolving market environment.Notable transactions include a $415 million sponsor-backed media acquisition
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Perk, the AI-native travel and spend management platform formerly known as TravelPerk, has secured a $300 million private credit facility to support product development, artificial intelligence investments, and international expansion as it scales its integrated business operations platform.The financing was led by Neuberger Specialty Finance, with participation from Blue Owl Capital, Hercules Capital, and Liquidity. The new facility replaces and expands Perk’s 2024 credit facility while
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CIBC Bank USA Asset Based Lending closed a new Senior Credit Facility to Spartanburg Steel Products, Inc. which was used to refinance existing debt and support the company’s ongoing working capital and growth initiatives. The comprehensive facility includes a Revolving Line of Credit, a Term Loan secured by real estate and an Equipment Acquisition Line—delivering the flexibility and support needed to drive future expansion. Based in Spartanburg, South Carolina, Spartanburg Steel Products, Inc.
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Rosenthal Capital Group (RCG) announced the completion of a $30 million factoring deal for an apparel and accessories business. A woman-owned apparel and accessories company doing in excess of $100 million in sales was seeking an alternative financing solution to assist with a large concentration with a major retailer. The company’s prior factor had capped their inventory borrowing limits, which made dealing with payables very challenging, adding stress to their supply chain. RCG was able to
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First Citizens Bank announced that industry veterans Ed Littleton and Amber Olmsted have joined its Equipment Finance Group. Littleton, based in Jacksonville, is the new Head of Asset Management and Olmsted, based in Georgia, is Senior Vice President of Inventory Finance. Both report to Rod Versteegh, Head of Equipment Finance for First Citizens Bank.As Head of Asset Management for Equipment Finance, Littleton oversees asset portfolio performance, including evaluations, end-of-lease operations
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Brown Brothers Harriman (BBH) announced that Darrell Holley has joined the firm as a Managing Director in its Corporate Advisory and Banking business. Based in Texas, Holley will advise private companies and their owners across the energy and commodities sectors, further expanding BBH’s presence in one of its most important strategic markets.Holley brings more than three decades of experience advising companies and entrepreneurs on growth, capital structure, strategic opportunities, and
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First Business Bank's Asset-Based Lending team announced the recent closing of a $25 million asset-based credit facility, consisting of a revolving line of credit and real estate term loan, to refinance an established nut processing company in California. The comprehensive financing solution supports the company’s ongoing working capital needs and enhances financial flexibility for continued operations."We're pleased to provide this comprehensive refinancing solution for a well-established
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BRC Specialty Finance, the direct lending platform of BRC Group Holdings, Inc. and B. Riley Securities, Inc. ("BRS"), announced that BRS has assumed a $20 million advance under a $100 million senior secured delayed draw term loan facility originated by Bit Digital, Inc. to Enovum NC-1 Venture LLC, an indirect wholly-owned subsidiary of WhiteFiber, Inc.Through an Assignment and Assumption Agreement, BRS became a lender of record on the same economic terms as the lead lender, capitalizing on an
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SouthStar Capital closed a $750,000 combined Purchase Order (P/O) and Accounts Receivable financing facility for a California-based consumer products company specializing in the development and distribution of branded trading card games. The company distributes its products through a network of domestic and international retailers and specialty distributors across the globe. Following strong market demand and continued growth, the business required additional working capital to support a
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White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors , acting as Sole Lead Arranger, closed a $192MM senior secured credit facility, comprised of a $155MM revolver and a $37MM term loan, for Royal Cup Coffee and Tea, a national provider of end-to-end beverage and equipment solutions. WOCF acted as the revolver’s sole lender and Hilco Global acted as the administrative agent on the term loan with WOCF acting as co-lender.The financing allowed Royal Cup, a Braemont
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Amerisource Business Capital announced the closing of a new upsized $310 million leverage facility and $100 million accordion, led by Texas Capital as Administrative Agent, with BOK Financial and Huntington Bancshares as Joint Lead Arrangers.Michael Monk, Managing Partner of Amerisource, stated “We are thrilled to work with Texas Capital on this successful syndication supporting our asset management platform, Amerisource Business Capital. This transaction represents an important milestone and
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Siena Lending Group closed a new $35 million senior secured credit facility for a leading media company.Represented by Guggenheim Securities, the Company will use the Facility to partially finance the buyout of its first lien notes. In addition, the proceeds will support ongoing working capital needs and fund divestiture costs across certain markets.“The Company is a recognized leader in radio broadcasting, and we are pleased to support its working capital requirements during this period of
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Dropbox entered into a senior secured revolving credit facility with JPMorgan Chase Bank as Administrative Agent, Collateral Agent, Joint Lead Arranger and Bookrunner, Citizens Bank, Goldman Sachs Bank USA and RBC Capital Markets, each as Joint Lead Arranger, the Lenders and Issuing Banks party thereto, and the other parties party thereto, providing the Company with up to $400 million in borrowing capacity on the terms and conditions set forth therein. Proceeds may be used for working capital
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Cohn & Dussi, a full-service law firm headquartered in Boston with a growing national practice, has expanded its collections and legal support capabilities into Canada through a formalized relationship supporting clients with Canadian collections and related legal matters. The expansion strengthens the firm’s ability to support financial institutions, equipment leasing and finance companies, alternative lenders, factors, servicers, and other commercial creditors with matters involving
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CohnReznick announced that Alexander Fortner has joined as a Partner in the firm’s Risk Advisory practice. Based in Florida, he will advise organizations on ways to strengthen risk management protocols, reporting, controls, and process transformation using technology-enabled solutions. As a senior risk advisory leader, Fortner has more than 15 years of experience in Sarbanes-Oxley compliance, internal audit, enterprise risk management, and IPO readiness. This includes advising public and private
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