SG Credit Partners, through its Consumer Products division, is riding a wave of momentum from its newest partnership with Hiyo, a non-alcoholic “social tonic” using a blend of functional ingredients, including adaptogens, nootropics, and botanicals. The announcement comes shortly after Hiyo closed a Series A round led by Constellation Brands. SG’s debt facility will support the brand’s continued growth in the retail sector as more consumers consider alcohol alternatives.“We are grateful for the
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April 18, 2025 @ 08:10 AM
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TAB Bank closed a $4 million asset-based lending (ABL) and $2.5 million equipment loan with HydroEdge Solutions, a leading water transfer and fluid management services provider for the energy industry. This capital will allow HydroEdge Solutions to expand its operations, furthering its commitment to efficiency, safety and sustainability.HydroEdge Solutions, based in Canonsburg, PA, specializes in delivering fluid management solutions, ensuring the seamless transfer of fluids from the source to
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April 18, 2025 @ 08:00 AM
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U.S. Bancorp, parent company of U.S. Bank, announced that Adam Graves has been promoted to serve as senior executive vice president and head of enterprise strategy and administration.Graves, 47, has been the company’s head of strategy and corporate development since 2023, having previously served for five years as its head of finance strategy and corporate development. An alumnus of the University of Michigan, Graves spent the majority of his early career in positions of increasing leadership
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April 18, 2025 @ 07:55 AM
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U.S. credit trends are likely to deteriorate in 2Q25 as the outlook for trade, economic growth and inflation worsens amid the escalating trade war and continued policy volatility, says Fitch Ratings in a new report.The latest U.S. tariff announcements and retaliation by trade partners sharply exceeded the already steep rises Fitch previously assumed, prompting a special update to lower U.S. and global growth forecasts by 0.5pp and 0.4pp, respectively. We expect U.S. annual growth in 2025 to slow
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April 21, 2025 @ 08:15 AM
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Olympic Steel, a leading national metals service center, announced that it has amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030.The revolving credit facility is secured primarily by the accounts receivable, inventory, property, equipment and select real estate owned by the Company. The revolving credit facility includes an increase option of up to $200 million.After giving effect to the amendment and the
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April 23, 2025 @ 08:03 AM
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