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ABL Advisor News
The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, declined steeply to 124.5 in the second quarter from 143.2 in the prior period on a seasonally adjusted basis. This 18.7-point drop represents the second largest quarter-over-quarter decline in the 10-year history of the survey, with the results reflecting increasing concerns about the cost of doing business amidst growing uncertainty around the imposition of
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Aviation Capital Group (“ACG”) closed a $1 billion delayed draw secured credit facility entered into with a syndicate of lenders and maturing in June 2027. Crédit Agricole Corporate & Investment Bank acted as Structuring Agent, Lead Arranger, Bookrunner and Administrative Agent. Bank of China, Los Angeles Branch, BNP Paribas, Société Générale and Truist Bank joined as Joint Lead Arrangers.
“We are excited to announce the closing of this facility and appreciate the continued support from the
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WhiteHawk Capital Partners provided a $70 million senior secured term loan to an online grocer focused on providing fresh, high-quality, and locally sourced products to customers.The Company has long-standing relationships with local farms, fishermen, and bakeries to deliver products multiple days fresher than traditional retailers. The financing provides additional flexibility to support future growth."We are pleased to provide this flexible financing solution to a company in an essential
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Sunnova Energy International received approval for a series of strategic transactions intended to support a value-maximizing sale process as part of its ongoing Chapter 11 proceedings. This announcement marks an important next step following the Company’s, and certain of its subsidiaries’, voluntary chapter 11 filings in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) on June 8, 2025.“These transactions serve as a critical step forward in Sunnova’s
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Invesco Commercial Real Estate Finance Trust ("INCREF"), a perpetual life real estate investment trust (REIT) focused on private credit secured by real estate, has provided $354.6 million in financing to Bridge Logistics Properties ("BLP"), a subsidiary of Bridge Investment Group, to refinance an industrial assets portfolio.The portfolio comprises 24 properties, spanning 2,454,761 square feet of industrial assets in California, Washington, Texas, New Jersey, New York, and Florida."This financing
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Hyper Valuation Services (“HVS”), a division of HyperAMS, announced that with the hiring of Mark Stevens as Managing Director of the newly launched Diligence Services division, it now provides clients with an expanded range of complementary collateral monitoring services, including field exams and inventory test counts. In his new role at HVS, Stevens will focus on building HVS’ new field exam practice and will work closely with the existing appraisal teams to create synergies and value for
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Lawrence Jasper has joined GA Group as a Managing Director, bringing his deep expertise to help lead and expand our growing Field Exam practice.Jasper has over 27 years of expertise in Asset-Based Lending (ABL) diligence, with an impressive 19 years as Executive Director for JPMorgan Chase's Field Examination Group. In that capacity, he oversaw all aspects of collateral diligence for ABL borrowers across both Investment and Commercial Bank sectors. His leadership and understanding of the various
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Lafayette Square provided debt and equity capital to support Mosaic Capital Partners LLC's ("Mosaic") investment in IE Group Holdings, Inc. ("Ickler Electric" or "Ickler"), a leading San Diego-based electrical contractor serving mission-critical industries, through a newly formed employee stock ownership plan (ESOP).Founded in 1985, Ickler Electric specializes in highly technical, mission-critical projects across biotechnology and life sciences, pharmaceutical, laboratory and other commercial
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eCapital announced a renewal and upsizing of its subsidiaries’ asset-based lending (ABL) facility. The renewed facility has a three-year term and maximum commitments increased from $987 million to $1.38 billion. The facility, agented by Wells Fargo and supported by a syndicate of leading financial institutions, further strengthens eCapital’s balance sheet and enables continued strategic expansion.This milestone reflects eCapital’s sustained momentum, following recent upsizes to $815 million in
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Hercules Capital upsized and renewed its existing $400.0 million credit facility with MUFG Bank (“MUFG”) with an upsized credit facility under which Goldman Sachs Bank USA, Autobahn Funding Company, City National Bank, Umpqua Bank, Valley National Bank, Citizens Bank, Zions Bancorporation dba California Bank & Trust and Mitsubishi HC Capital America, together with MUFG, have committed a total of $440.0 million in credit capacity subject to borrowing base, leverage and other restrictions. The
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EisnerAmper named two industry group leaders: Kayla Konovitch (Private Equity) and Kyle Mason (Legal). Their leadership will focus on go-to-market strategies and fostering service line collaboration. Kayla Konovitch – Kayla brings more than ten years of experience in the private equity (“PE”) industry and adopts a holistic approach to servicing this vertical. Kayla will oversee our strategic investment in PE, driving thought leadership and growth initiatives for clients and prospects. As a
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KeyBank has released the results of its Middle Market Sentiment Pulse Survey, which was conducted in May 2025 to gauge the current state of the middle market amid economic uncertainty. The survey polled executives of middle market businesses with annual revenues ranging from $25 million to $1 billion and found that potential tariffs are significantly influencing investment decisions, with most companies prioritizing supply chain adjustments and closely monitoring market signals before
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Octaura Holdings raised $46.5 million in an oversubscribed round of funding from both existing and new strategic financial investors. The capital will support the company’s rapid growth and ability to transform how the syndicated loan and CLO markets trade – including strategic focus on increasing market share in the loan market, facilitating the upcoming launch of the CLO trading platform, and developing critical data and analytics to provide deeper insights for market participants while
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Lafayette Square provided debt and equity capital to support Mosaic Capital Partners' investment in IE Group Holdings, a leading San Diego-based electrical contractor serving mission-critical industries, through a newly formed employee stock ownership plan (ESOP).Founded in 1985, Ickler Electric specializes in highly technical, mission-critical projects across biotechnology and life sciences, pharmaceutical, laboratory and other commercial industries. Ickler has a robust set of capabilities
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Benefit Street Partners, a credit-focused alternative asset management firm and a subsidiary of Franklin Templeton, closed on $500 million in total equity commitments for its third captive U.S. CLO equity fund, BSP CLO Equity III.This fund gives BSP the capacity to fund up to 20 U.S. CLOs over the next four years, adding up to $10 billion in assets under management to BSP’s credit platform. Combined with Alcentra, its European counterpart, BSP is one of the largest global CLO managers with over
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