Post Road Group announced the final closing of its most recent flagship fund in its Corporate investment strategy, Special Opportunity Fund III (“SOF III”), with $525 million in total capital commitments. Additionally, Post Road held the final closing for Post Road Digital Infrastructure Fund II (“PRDI II”) with $500 million of total capital commitments in early June. Post Road’s Corporate investment strategy provides flexible growth capital to predominantly lower middle market digital
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August 05, 2025 @ 08:15 AM
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Pathlight Capital is serving as the Administrative Agent on a $225 million senior secured credit facility for JGW Debt Settlement, LLC (“JG Wentworth” or the “Company”), a provider of success fee-based debt resolution services.JG Wentworth is a nationally recognized direct-to-consumer brand offering unique financial solutions that help individuals with their “CASH NOW” needs. In recent years, the Company has strategically expanded its platform to include debt resolution services, leveraging its
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August 05, 2025 @ 08:12 AM
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GoPro entered into a second lien credit agreement providing for a secured term loan in an aggregate principal amount of $50 million from Farallon Capital Management, and certain of its affiliates. The company closed the debt financing as part of a strategic initiative to bolster its balance sheet and placed approximately $94 million in escrow to repay the convertible debt maturing in November 2025."This debt financing underscores our disciplined approach to capital management and reinforces our
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August 05, 2025 @ 08:10 AM
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Utica Equipment Finance announced that Mathew Hennings has joined the firm as Managing Director of Sales. In this role, he will be responsible for sourcing and developing client and referral relationships across the United States.“Mathew is a proven leader with a strong track record of building high-performing teams and driving sustainable growth,” said Ed Stolarski, President of Utica Equipment Finance. “His strategic mindset, relationship-driven approach and deep industry experience make him a
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August 05, 2025 @ 07:50 AM
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Turtle Beach Corporation, a leading gaming accessories brand, completed a comprehensive refinancing of its credit facilities, strengthening the Company’s capital structure and enhancing financial flexibility.Turtle Beach entered into a $150 million new senior secured credit facility with Bank of America, comprising a $90 million revolving credit facility and $60 million term loan. These facilities refinance and replace the Company’s previous debt arrangements and will be used for ongoing working
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August 05, 2025 @ 07:45 AM
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Iron Horse Credit appointed Joshua D. Beauvais as Senior Vice President. Beauvais brings more than 15 years of portfolio and credit experience in the commercial finance industry.Beauvais's career includes senior roles at financial institutions such as Pathward (formerly Crestmark Bank) and Huntington National Bank.
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August 05, 2025 @ 07:45 AM
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Eldridge Diversified Credit, the private, liquid, and asset-based credit investment strategy of Eldridge Capital Management, has announced the renewal and upsizing of its Shreveport, LA terminal lease facility with Calumet, Inc. This transaction increases the assigned value of the subject terminal assets to $120 million and provides $80 million of net proceeds to Calumet to be used to reduce the Company’s outstanding 11.00% Senior Notes due 2026.“Over the last five years via Stonebriar
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August 05, 2025 @ 07:34 AM
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Wells Fargo announced a collaboration with the National Center for the Middle Market (NCMM) at The Ohio State University Max M. Fisher College of Business. Wells Fargo’s Commercial Banking group will provide the NCMM with insights into the banking needs of middle market companies, helping guide research reports, including their flagship Middle Market Indicator. The collaboration will also support special research projects and work on Wells Fargo’s middle market-focused thought leadership.The
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August 05, 2025 @ 07:17 AM
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Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions:
A $110,000 facility for a Canadian skin care company.
A $150,000 facility for a Canadian meat farm and processor.
A $25,000 facility for a Canadian automotive products company.
A $42,000 facility for a trucking company.
A $775,000 facility for an outdoor cooking products company.
A $225,000 facility for a Canadian stone and tile
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August 05, 2025 @ 07:15 AM
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Clifford Chance hired counsel Meghan Fox to join its US Executive Compensation team, further strengthening the firm's Tax, Pensions & Employment (TPE) group. Fox has more than 15 years of experience advising a wide variety of clients in transactional matters, including private and publicly held companies, with respect to the executive compensation and employee benefits issues arising in mergers and acquisitions, spinoffs, initial public offerings, restructurings, divestitures and other
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August 05, 2025 @ 07:00 AM
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PGIM announced the final close of PGIM Senior Loan Opportunities II, L.P. (“PSLO II”), the second commingled private credit fund available to unaffiliated investors in its middle market direct lending series. PSLO II closed with over $4.2 billion in available capital commitments, making it one of the largest middle market direct lending private credit fundraises year to date,1 and reflecting strong support from a global base of institutional investors.Building on the success of its predecessor
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August 04, 2025 @ 08:15 AM
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TAB Bank added Sam Cirelli as Vice President, Business Development, to strengthen the Northeast lending team. Based in New York, Cirelli has spent over 30 years as a corporate lender and advisor to small and mid-sized companies. He managed, directed and closed more than $10 billion in loan commitments across 700 transactions in multiple industries.“I’m excited to help TAB grow its business in the Northeast region and use my expertise to develop reliable and creative financial solutions for
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August 04, 2025 @ 08:10 AM
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BriteCap Financial, a non-bank lender providing American small businesses with fast, convenient, and affordable working capital, announced today the promotion of Molly Coleman to Chief Administrative Officer & General Counsel.“Molly has been instrumental in shaping the backbone of BriteCap for nearly 15 years,” said Richard Henderson, CEO of BriteCap Financial. “This promotion not only recognizes her deep legal and compliance expertise, but also her exceptional judgment, operational discipline
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August 04, 2025 @ 08:00 AM
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Republic Bank & Trust Company introduced two new members to the corporate leadership team. Promoted from within, Christy Ames now serves as Executive Vice President (EVP), Chief Legal Officer & General Counsel, and Scott Nardi takes on the role of Senior Vice President (SVP), Chief Risk & Compliance Officer.“Christy and Scott have been invaluable team members,” Republic Bank President and CEO Logan Pichel said. “They both are incredibly deserving leaders who possess exceptional business acumen
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August 04, 2025 @ 07:51 AM
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Myriad Genetics, a leader in molecular diagnostic testing and precision medicine, closed a five-year senior secured term loan credit facility providing up to $200 million of capital from OrbiMed, a leading global healthcare investment firm. The facility includes $125 million of funded capital with an option to borrow up to an additional $75 million until June 30, 2027. This facility matures on July 31, 2030, and bears interest at a rate based upon the one-month secured overnight financing rate
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August 04, 2025 @ 07:51 AM
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