Lulu’s Fashion Lounge Holdings entered into a Loan and Security Agreement with White Oak Commercial Finance as Administrative Agent, and the lenders party thereto (the “2025 Credit Agreement”). The 2025 Credit Agreement is comprised of an asset-based revolving credit facility with a $20 million commitment, a $5 million uncommitted accordion and a $1 million sublimit for letters of credit. The 2025 Credit Agreement matures on August 14, 2028. “We’re pleased to partner with White Oak on this
Read Story
August 15, 2025 @ 08:15 AM
|
Ares Commercial Finance (“ACF”), serving as Administrative Agent, closed an asset-based financing in which Ares Management Credit funds and Great Rock Capital have provided a $150 million senior secured revolving line of credit to Fossil Group, Inc., a Richardson, Texas-based designer, manufacturer and distributor of watches and fashion accessories. Proceeds from the new credit facility will be used to support Fossil’s ongoing business transformation and support working capital needs.“Our goal
Read Story
August 15, 2025 @ 08:10 AM
|
Crayhill Capital Management announced the launch of its Tax Equity Bridge Lending (TEBL) program as part of its expanded Pre-Construction Financing initiative, which is designed to help solar, wind, and battery developers accelerate project development schedules to meet stringent new federal tax credit requirements.Following the passage of the "One Big Beautiful Bill Act," solar, wind, and battery projects face unprecedented construction timeline pressures. Under new regulations, projects must
Read Story
August 15, 2025 @ 08:05 AM
|
nFusion Capital provided a $5 million asset based lending facility to a leading manufacturer of custom finish millwork serving the restaurant, hospitality, retail, corporate, and healthcare industries worldwide. The financing helped support the refinancing of its existing debt facility and ongoing growth initiatives.Founded in 1950, the Company’s artisans, engineers, and builders combine old-world craftsmanship with next-generation technology to deliver precision work for high-profile projects
Read Story
August 15, 2025 @ 08:00 AM
|
Despite rising costs, tariff tensions, and recession fears, America’s small businesses aren’t slowing down. According to Chase’s mid-year Small Business Leaders Outlook Pulse survey, industries like construction, health and medical services, and hospitality are pushing past uncertainty — expanding, adapting, and showing signs of strength across the economy.The survey findings reveal that the pressures are real – but so is small business resolve. Despite inflation, tariffs, and rising taxes
Read Story
August 15, 2025 @ 07:18 AM
|
F.N.B Corp. announced that Frank Schiraldi has joined its banking subsidiary, First National Bank, as Director of Corporate Strategy.Reporting to Chief Strategy Officer Christopher Chan, Schiraldi leads a team responsible for executing growth strategies and developing strategic analysis and presentations to assist in guiding corporate decision-making and business operations in addition to other projects assigned to the group by FNB's CEO. The Corporate Strategy team analyzes business metrics and
Read Story
August 15, 2025 @ 07:04 AM
|
B. Riley Securities announced its role as exclusive financial advisor to Silvaco Group, Inc. in connection with its acquisition of Mixel Group, Inc. for a combination of cash and stock. Silvaco is a provider of TCAD, EDA software, and semiconductor IP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Founded in 1998 and headquartered in San Jose, California, Mixel is a provider of mixed-signal IPs and offers a wide portfolio of
Read Story
August 15, 2025 @ 07:00 AM
|
FIS has launched FIS Investor Services Suite, an end-to-end solution designed to transform the investor servicing landscape for financial institutions, as well as alternative and traditional fund managers. The solution helps optimize end-to-end processing for swift customer onboarding and enhanced investor screening, and will make it possible to automate the investor lifecycle, helping to improve operational efficiency and support the ability of clients to meet their regulatory obligations.The
Read Story
August 15, 2025 @ 06:00 AM
|
H.I.G. WhiteHorse, the direct lending credit affiliate of H.I.G. Capital, announced the final closing of H.I.G. WhiteHorse Middle Market Lending Fund IV ("Fund IV"). Fund IV closed with $5.9 billion of assets and continues the Firm's successful strategy of originating senior secured loans across the U.S. middle market.H.I.G. WhiteHorse has invested approximately $18 billion in U.S. direct lending transactions. The WhiteHorse team has invested in over 285 middle market companies, primarily
Read Story
August 14, 2025 @ 08:15 AM
|
eCapital delivered a $25 million asset-based lending (ABL) facility to support the scaling and working capital needs of an established and trusted recreational goods manufacturer.With a long-standing history in the industry, the business designs and produces a wide range of branded and licensed products sold through major retailers and prominent online marketplaces. Committed to quality, innovation, and accessibility, it serves a broad customer base across the U.S. and internationally.As demand
Read Story
August 14, 2025 @ 08:09 AM
|
Monroe Capital announced Todd Davis has joined the firm as Director on the direct originations team. Davis will be responsible for originating new business opportunities within the Northeast region. He will be based in the firm’s New York office.Davis has over 15 years of experience in middle market sponsor finance. Prior to Monroe, he spent over 13 years at Antares Capital LP and its predecessor, GE Capital, where he held various roles across credit and capital markets. Most recently, he served
Read Story
August 14, 2025 @ 08:05 AM
|
Audax Strategic Capital, a provider of customized, mid-hold equity solutions and a core dimension of the Audax Private Equity platform, announced the final close of its inaugural fund, Audax Private Equity Solutions Fund (the “Fund”). The Fund, which closed above target, has approximately $1.3 billion of total capital to deploy when combined with related vehicles and Audax Private Equity’s GP commitment. Limited partners (“LP”) include a diverse range of domestic and global institutional
Read Story
August 14, 2025 @ 08:00 AM
|
Cresco Labs announced the closing of its previously announced refinancing of the Company’s senior secured credit facility.The new US$325 million senior secured term loan bears an interest rate of 12.5% per annum and matures on August 13, 2030. It replaces the Company’s prior US$360 million facility, reducing total debt, extending the maturity to 2030, and providing enhanced flexibility to prepay up to US$125 million at a reduced premium.“This transaction is another milestone in our disciplined
Read Story
August 14, 2025 @ 07:07 AM
|
B. Riley Securities served as lead left bookrunner for WhiteFiber, Inc. in its upsized initial public offering of 9.375 million ordinary shares at a price of $17.00 per share. WhiteFiber is listed on the Nasdaq Capital Market under the symbol “WYFI.” The offering closed on August 8, 2025. In connection with the offering, WhiteFiber received gross proceeds of approximately $159.4 million, before underwriting discounts, commissions, and expenses, and has granted the underwriters a 30-day option to
Read Story
August 14, 2025 @ 07:00 AM
|
Moritt Hock & Hamroff announced the addition of Susan J. Coleman and Michael Kwiatkowski as Counsel in the firm’s Garden City office. Susan joins the firm's Litigation and Real Estate Practice Groups while Michael joins the Creditors' Rights, Restructuring & Bankruptcy Practice Group. Susan has a strong background in litigation, municipal law and land use, having previously served as Town Attorney for Huntington, New York. In this role, Susan represented the township in litigation before
Read Story
August 14, 2025 @ 07:00 AM
|