Eclipse Business Capital announced the successful upsizing of its primary asset-based lending (ABL) facility to $2.355 billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for continued growth. “This expanded facility underscores the confidence our banking partners have in EBC’s consistent performance and disciplined approach to growth,” said Marty Battaglia, CEO of EBC. “It provides additional capacity to meet increasing client
Read Story
December 01, 2025 @ 08:15 AM
|
KBRA released its Q3 2025 Middle Market Borrower Surveillance Compendium, providing insights into credit quality across KBRA’s portfolio of rated direct lending transactions.While credit quality remains predominantly stable, defaults across the landscape of middle market (MM) leveraged borrowers—whose loans sit inside rated transactions—are starting to rise as expected (see Private Credit: Q4 2024 Middle Market Borrower Surveillance Compendium—5% at Risk). Although the default rate among these
Read Story
December 01, 2025 @ 08:10 AM
|
Bank Director, a leading information resource for directors and officers of financial institutions nationwide, released the results of its 2026 Bank M&A Survey, sponsored by Crowe LLP. The survey suggests an uptick in conversations between prospective buyers and sellers as pricing expectations begin to align.According to the survey, 37% of bank executives and directors report that another financial institution expressed interest in acquiring their bank in 2024 or 2025, up from 27% who said the
Read Story
December 01, 2025 @ 08:06 AM
|
Katten announced that Dr. Alexander Volsky has joined its industry-leading Private Credit practice as a partner in Dallas."We are delighted to welcome Alex. His proven track record of advising clients across the private credit and alternative lending markets will be beneficial to our clients as our industry continues to expand and evolve. His exemplary skills expand on our well-known ability to deliver the deep market insight, innovative structuring and strategic guidance our clients expect,"
Read Story
December 01, 2025 @ 08:00 AM
|
Cornerstone Financing (Cornerstone), creator of CHEIFS (Cornerstone Home Equity Insurance/Investment Funding Solutions), announced a strategic asset purchase commitment of up to $1 billion from funds managed by affiliates of Fortress Investment Group (“Fortress”). This agreement accelerates Cornerstone’s mission to help mass-affluent homeowners efficiently convert dormant home equity into liquidity without interest, debt, or monthly payments through its flagship product, CHEIFS.CHEIFS is the
Read Story
December 01, 2025 @ 07:40 AM
|
Churchill Asset Management, an investment specialist of Nuveen, announced it was named the 2025 “Lender Firm of the Year” by The M&A Advisor. The Firm was honored at the 24th Annual M&A Advisor Awards Gala held in New York City on November 19, 2025. Ken Kencel, President & Chief Executive Officer of Churchill, was also presented the 2025 Lifetime Achievement Award and inducted into the M&A Advisor Hall of Fame at the same ceremony.“Being recognized as ‘Lender Firm of the Year’ for the fifth year
Read Story
December 01, 2025 @ 07:28 AM
|
Grant Thornton Advisors (Grant Thornton Advisors) has expanded the multinational platform it created earlier this year by adding Kevane Grant Thornton in Puerto Rico. The deal with the Puerto Rican firm will grow the platform to include 17 firms stretching from the Americas across Europe and the Middle East to the Asia-Pacific region. This is the second deal in the Americas for the multinational platform this month, alongside Grant Thornton Brazil. Beyond Brazil, Kevane Grant Thornton will join
Read Story
December 01, 2025 @ 07:27 AM
|
Iron Horse Credit (IHC) announced the closing of a $4.9M inventory line of credit to a technology leader in advanced manufacturing addressing rare earth material challenges and related customized solutions, including polymer materials and production. “Our facility enabled the client to capitalize on the acquisition of certain assets part of a multi-divisional bankruptcy sale of a larger enterprise. Included in the assets was technology critical to onshoring trends in the additive manufacturing
Read Story
December 01, 2025 @ 07:00 AM
|
SLR Business Credit (“SLRBC”) provided a new asset-based revolving credit facility to Certified Organic Direct, LLC (“COD”), an organic and clean ingredients sourcing agent serving the food manufacturing and food service industries. Founded by Jim Lewis and headquartered in Reno, NV, Certified Organic Direct pairs suppliers of organic and natural ingredients directly with manufacturers seeking to source premium products with the best pricing. They provide clean ingredients to food manufacturers
Read Story
November 26, 2025 @ 08:10 AM
|
nFusion Capital provided a $5 million asset based lending facility to a New York-based private equity firm, following its court-approved Chapter 11 acquisition of a 3D printing and advanced manufacturing company. The financing will support the private equity firm’s turnaround plan and the relaunch of the manufacturer.The acquisition included binder jet 3D printing technologies, polymer foam capabilities, associated intellectual property, customer contracts and accounts receivable. The
Read Story
November 26, 2025 @ 08:00 AM
|
NXT Capital closed a senior credit facility in support of Agellus Capital’s acquisition of HighGrove Partners. NXT Capital acted as Administrative Agent on this transaction.“NXT Capital’s expertise and responsiveness were instrumental in helping us achieve the best possible outcome for this transaction. We look forward to continuing this partnership in the future,” said Jeff Aiello, Co-Founder and Managing Partner, Agellus Capital.Founded in 2024 and based in Clayton, Missouri, Agellus Capital
Read Story
November 26, 2025 @ 07:14 AM
|
Essex Capital Group closed a new $3,000,000 debt facility for MBC Boston (MBC). The financing supported MBC’s build-out and launch of a new airport concession operation at Boston Logan International Airport.Fred Beilstein, Managing Director at Essex Capital Group, commented “Essex and MBC have collaborated closely over the past year, advising the Company as it capitalizes on significant growth opportunities within the airport concessions sector. We are thrilled to support MBC’s continued
Read Story
November 26, 2025 @ 07:09 AM
|
Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the U.S. Bankruptcy Court for the District of Delaware (Case No. 1:25-bk-11516) to conduct an auction of over $4 million in brand-new and returned inventory from Seraphine USA, Inc., the U.S. operations of the internationally recognized maternity apparel brand.The Seraphine brand has gained global recognition for its
Read Story
November 26, 2025 @ 07:06 AM
|
NexBank Capital announced that Michelle Johnson has been promoted from Senior Vice President to Executive Vice President, Chief Administrative Officer of the company, effective November 21, 2025. In her expanded role, Johnson will align and streamline the core support functions of technology, operations, business transformation, and legal to support the company's clients and growth objectives.Johnson will continue to serve as Secretary to NexBank Capital's Board of Directors. Over the past 12
Read Story
November 26, 2025 @ 07:00 AM
|
Winston & Strawn announced that 18 of the firm’s lawyers have been elevated to partner. These accomplished lawyers represent ten practice areas and nine offices globally. Our new partners highlight the firm’s expansive international capabilities and our commitment to addressing the complex needs of clients across varied and evolving industries.“Our newly elevated partners embody Winston’s commitment to excellence and leadership in the legal profession,” said Chairman Steve D’Amore. “Their
Read Story
November 26, 2025 @ 06:49 AM
|