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ABL Advisor News
Horizon Technology Finance, an affiliate of Monroe Capital, announced the appointment of Paul Seitz as its new Chief Investment Officer.Concurrently, Daniel Devorsetz has stepped down as Chief Operating Officer and Chief Investment Officer, but will remain involved with the Company through September 2025.“We are thrilled to welcome Paul as our new Chief Investment Officer,” said Michael P. Balkin, Chief Executive Officer of Horizon. “Paul has a proven track record of building high-quality
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North Mill Equipment Finance announced a new partnership with funds managed by Oaktree Capital Management, a global investment firm with deep expertise in credit and asset-backed finance. The collaboration launches a joint venture designed to grow NMEF’s fair market value (FMV) equipment leasing platform, alongside Oaktree’s investment in theventure.The combined capital commitment from Oaktree and NMEF will support the funding of $350 million in FMV equipment lease originations initially, with
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Sterling Infrastructure received an amendment to its 2019 credit agreement that extends the maturity of the credit facility to June 2028, expands the size of the facility, and improves flexibility. The amended credit facility consists of a $300 million term loan and a $150 million revolving credit facility. As of June 5, 2025, $300 million in borrowings were outstanding under the term loan, the revolving credit facility was undrawn, and cash and cash equivalents totaled $785 million. The credit
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Golub Capital marked the five-year anniversary of its London office by announcing an expansion in its European direct lending strategy, a new and expanded London office location and record-breaking results. “Our growth and success in Europe over the last five years has exceeded our expectations - and we are not done,” said Tara Moore, Head of European Originations at Golub Capital. “We are expanding our lending capabilities to include borrowers across technology, healthcare, financial services
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HarbourView Equity Partners (HarbourView), an alternative asset management company focused on investment opportunities in the entertainment, media, and sports space, with approximately $2.67B in regulatory assets under management, has closed an additional $500 million in debt financing through a new private securitization backed by its diversified, scaled music portfolio. Insurance vehicles managed by KKR, a leading global investment firm, participated in the transaction.This latest financing
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Prairie Operating Co., an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, its lead arranger.Following its semi-annual redetermination, the Company’s reserve-based credit facility was reaffirmed with a borrowing base of $475 million, a maximum facility size of $1.0 billion, and a maturity date of March
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Med One Group, a chief provider of medical equipment rental, leasing, and biomedical services, announced the appointment of Kim Box to its Board of Directors. With her, Box brings more than 25 years of executive leadership and board experience.“We are thrilled to welcome Kim to the Med One Board,” said Larry Stevens, President of the Board of Directors. “She has led large global teams and has driven significant growth and transformation. Her background spans technology, risk management
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Mayer Brown announced that Rick Nowak has rejoined the firm as a partner in its Litigation & Dispute Resolution practice in Chicago. Rick, an experienced trial lawyer and nationally recognized Employee Retirement Income Security Act (ERISA) litigator and former Co-Chair of the ERISA Litigation practice, returns to Mayer Brown from Fidelity Investments. At Fidelity, Rick led a team of lawyers responsible for the firm’s retirement and health plan litigation, regulatory enforcement matters, and
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Lincoln Financial and Bain Capital closed their previously announced long-term strategic partnership agreement. The partnership was first announced by Lincoln and Bain Capital on April 9, 2025, and includes an $825 million strategic growth investment from Bain Capital, which acquired a 9.9% common equity stake on a post-issuance basis in Lincoln, and the establishment of a 10-year, non-exclusive strategic investment management relationship.Under the final terms, Lincoln issued 18,759,497 new
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New research from Principal finds the Principal Financial Well-Being Index at 6.02 out of 10, down sharply from 7.8 in November 2024, and the lowest level recorded since November 2020. The Index is scored on a 0 to 10 scale, where 0 reflects no confidence in business health and outlook, and 10 reflects complete confidence. Though the drop in optimism mimics the sentiment of businesses during the COVID pandemic, unique macroeconomic concerns of today and lessons learned during the pandemic
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Solar Mosaic (Mosaic), a fintech platform for U.S. residential solar and energy-efficient home improvements, announced the Company filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Through the Chapter 11 process, Mosaic intends to complete a restructuring and recapitalization supported by certain of the Company’s existing lenders, including Forbright Bank acting as Administrative Agent on
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June 09, 2025 @ 08:00 AM
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Onyx Renewables (Onyx), a leading provider and owner of localized clean energy solutions, closed a $260 million credit facility to support the growth of Onyx's portfolio of distributed energy projects across the U.S.The senior secured facility, which may be increased to $350 million, is comprised of a term loan, revolving line of credit, and a $10-million Letter of Credit facility that will directly support the ongoing construction and operation of Onyx's clean energy infrastructure projects
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Alvarez & Marsal (A&M) announced the appointment of Dallas-based Jonathan Ross as a Managing Director within its Private Equity Performance Improvement (PEPI) group. Widely recognized for maximizing deal value in large-scale merger integration and carve out transactions, through accelerated IT transformations, Ross’ hire underscores PEPI’s strategic plan for harnessing A&M’s operational experience to the technology expertise of seasoned professionals across key regional hubs. Nick Alvarez
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Clarus Capital, a private credit firm specializing in equipment finance solutions, closed a $25 million equipment loan facility for a privately held waste transportation provider. Immediate financing proceeds supported the acquisition of new waste collection vehicles deployed to service recently awarded and existing multi-year contracts. Clarus CEO Steve O’Leary stated, “Our client plays a critical role within the infrastructure of the communities that it serves, and we appreciate the ability to
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Lightstone Capital announced that Jordan Heller has joined the copany as Director, Southeast Originations. Heller will help launch Lightstone’s satellite office in Miami, Florida and will lead the regional sourcing, structuring and originating senior bridge debt as well as mezzanine and preferred equity investments as part of Lightstone Capital's broader growth strategy.Lightstone Capital has a proven track record with over $1.5BN in recent transactions offering senior bridge loans up to $100M.
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