Trinity Capital announced the commitment of $15 million in growth capital to Lendflow, a software development company that provides embedded credit infrastructure to fintechs, lenders, and vertical software-as-a-service (SaaS) companies. Headquartered in Austin, TX, Lendflow enables platforms to efficiently integrate lending experiences into their platforms with scalable, low-code solutions. Through its proprietary operating system and data analytics, Lendflow streamlines customer acquisition
Read Story
|
Rite Aid Corporation successfully entered into a series of sale agreements and pharmacy services transition agreements. This includes the rolling transition of pharmacy assets from more than 1,000 store locations across the U.S. to operators including CVS Pharmacy, Walgreens, Albertsons, Kroger, and Giant Eagle, among others, as well as the sale and operation by CVS Pharmacy of many Rite Aid and Bartell Drugs stores located in Washington, Oregon, and Idaho.Importantly, during the transition
Read Story
|
SSG Capital Advisors (“SSG”) served as the investment banker to Art Supply Enterprises, Inc. d/b/a MacPherson’s Art Supply in the sale of all inventory and intellectual property assets to Blick Art Materials, LLC (“Blick”). The transaction was effectuated pursuant to Article 9 of the Uniform Commercial Code and closed in May 2025.MacPherson’s is the largest provider of art and creative materials in North America. The Company offers a broad product suite sourced from hundreds of vendors worldwide
Read Story
|
NFI Group (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, announced that it and certain of its subsidiaries have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 million in letter of credit availability.The First Lien Facility is secured, and has a two-year term, that can be extended for an additional two years if NFI enters into certain additional subordinated credit arrangements. It
Read Story
|
Direct lending continues to demonstrate strong resilience and growth despite ongoing macroeconomic volatility, according to new academic research from Saïd Business School at the University of Oxford, produced in partnership with Pemberton Asset Management (“Pemberton”), one of Europe’s leading private credit managers. Building on the findings of the inaugural 2021 report - European Direct Lending – Review and Outlook 2025 - reveals continued investor confidence in private debt, with global
Read Story
|
April preliminary Class 8 same dealer used truck retail sales volumes increased 8.6% m/m, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.“Used truck buyers did not let up in April, driving preliminary Class 8 same dealer used truck retail sales volumes higher,” according to Steve Tam, Vice President at ACT Research. “The market crushed historical seasonality, which called for an 11% m/m decrease. Auction sales saw
Read Story
|
Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, announced the hiring of Bojan Janjic as a new strategic account executive for the company’s growing technology division. With anticipated projected growth through at least 2025, the technology industry is poised for significant expansion, driven by increased IT spending, significant investments in AI, and a renewed focus on innovation. Working alongside Jim Moschos, Director of Technology Finance, Janjic will provide
Read Story
|
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
Read Story
|
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
Read Story
|
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
Read Story
|
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
Read Story
|
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
Read Story
|
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
Read Story
|
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
Read Story
|
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
Read Story
|