Horizon Technology Finance Corporation, an affiliate of Monroe Capital, announced that, as part of the Company’s succession planning, Robert D. Pomeroy, Jr. will retire as Chief Executive Officer (“CEO”) of the Company and Gerald A. Michaud will retire as President of the Company, both effective June 5, 2025.Concurrently, the Board of Directors of the Company (the “Board”) has appointed Michael P. Balkin to succeed Mr. Pomeroy as CEO of the Company. Mr. Pomeroy will remain Chairman and an
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White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, provided a $125 million asset-based revolving credit facility to a US-based energy services company.WOCF acted as the sole lender in the transaction, committing the full $125 million. The new facility aims to enhance the Company’s financial flexibility and liquidity."The energy sector is essential to our country’s economic growth and security, as the backbone of our domestic production capacity. This is especially
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Gordon Brothers provided Carroll Fulmer Logistics Corporation a holistic, multi-pronged solution that includes $27 million in financing to optimize the transportation and logistics company’s capital structure in support of continued growth. Carroll Fulmer will leverage the financing that includes a first-lien revolving credit facility and an equipment sale leaseback for working capital to support its go-forward plan. Additionally, Gordon Brothers is providing asset advisory services to
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TAB Bank structured a $3 million factoring line of credit for CNC Precision Machine Inc. to improve cash flow for inventory and working capital. CNC Precision Machine is a leading manufacturer of world-class hydraulic fittings serving the aerospace, transportation and machinery industries. The company, headquartered in Parkman, Ohio, was founded in 2002, and manufactures high-quality hydraulic fittings in its state of the art 100,000 square feet of flexible manufacturing space. The company’s
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First Citizens Bank announced that its Aerospace, Defense & Government Services business provided $50 million to Space Leasing International (“SLI”).Founded in 2023, Libra Group’s SLI is building on Libra’s 20+ years of aviation leasing experience to become the world’s first space leasing company dedicated to the full spectrum of space assets. First Citizens Bank has been a long-time, trusted banking partner of Libra Group and its subsidiaries, LCI and Lomar Shipping.First Citizens secured a
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The Huntington National Bank continues to expand its commercial banking segment across the country by bringing its middle-market banking capabilities to Florida.To lead its efforts in the state, Huntington has hired veteran middle-market banker Josh Sheradsky who has supported clients there for 16 years. As senior managing director at Huntington, he will lead a team of commercial bankers at the bank's new office in Fort Lauderdale.Middle-market banker Monica Olsen also has joined the team as
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Bank of America named Paul Keifer, Business Strategy and Initiatives senior manager, president of Bank of America Grand Rapids. He succeeds Renee Tabben, who successfully led the market since 2016 and will continue as Merrill market executive.As president and head of the market, Keifer will connect clients, teammates and the community to the full power of the franchise and drive integration across the bank’s eight lines of business. He will oversee the company’s efforts to grow market share by
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Asset Based Lending (ABL) unveiled its boldly reimagined brand identity, celebrating 15 years of revolutionizing private capital for real estate investors nationwide. This comprehensive brand evolution was a natural response to ABL's continued growth and steadfast commitment to advancing next-generation lending in the mortgage industry."When ABL launched in 2010, there were few lenders that offered solutions tailored to real estate investors, and even fewer that provided the flexibility those
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CIBC Innovation Banking provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. The company will use the financing to continue growing its reach globally and expand product offerings to new and existing customers around the world.ContactMonkey is an internal email platform used by over 10,000 communicators worldwide. The platform integrates with commonly used applications such as Microsoft Outlook, Microsoft Teams and major human resource information software
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Crestline Investors, a global alternative investment manager, announced the final close of Crestline Direct Lending Fund IV (“CDLIV” or the “Fund”), with $3.5 billion of investable capital across the Fund, related vehicles and anticipated leverage.Crestline’s direct lending strategy provides tailored financing solutions to sponsor and non-sponsor backed companies across North America. The strategy lends to companies across the middle market with a focus on the lower and core segments.“This marks
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Siena Lending Group appointed Andrew Kehoe as Director of Originations. Kehoe will be responsible for expanding Siena’s origination efforts and deepening its coverage across the Mountain West region. Kehoe joins Siena from Edge Capital Lending, LLC, where he led the firm’s business development initiatives and oversaw coordination of the sales team. In his new role, he will focus on delivering tailored capital solutions for sponsors and middle-market businesses throughout the region. “I am
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24 Hour Fitness, the 40-year leader in health and fitness, announced the successful closing of a $305 million senior secured facility provided by affiliates of The TCW Group. This transaction marks a significant milestone in the company's ongoing transformation, as it proactively addresses upcoming debt maturities, enhances liquidity, and strengthens 24 Hour Fitness's position as one of the largest fitness club operators in the United States. This refinancing, comprising $305 million of new
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Entering 2025 in an already weakened state, newfound economic uncertainty has only added to our expectation of yet another challenging year for for-hire carriers and the commercial vehicle industry, as published in the latest release of the ACT Research North American Commercial Vehicle OUTLOOK.“Tractor market demand was already under pressure from uncertainty alone, but preliminary data show the weaker economic outlook is now weighing further on demand,” said Kenny Vieth, ACT’s President and
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TPG Twin Brook recently served as administrative agent on debt financing to support the following transactions:
Arsenal Capital Partners’ recapitalization of Polycorp, a leader in the design, manufacture, sale, and distribution of engineered elastomeric solutions.
GenNx360 Capital Partners’ refinancing of Vintage Parts, a supplier of slow-moving replacement parts sourced from original equipment manufactures (OEMs) for OEM-approved dealers and distributors.
EagleTree Capital’s
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Atlantic Union Bankshares Corp. announced the appointment of Bradley S. Haun as chief risk officer of Atlantic Union and Atlantic Union Bank. Haun succeeds Sherry Williams, who will retire on July 1, 2025. Williams is currently serving in an advisory capacity until her retirement date.Haun has been with Atlantic Union since 2011, most recently serving as executive vice president and chief audit executive. Haun, an alumnus of Virginia Tech, began his career at Cherry Bekaert in their audit
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