Great Rock Capital agented a $130 million senior secured revolving credit facility for Panavision Inc. Panavision, a sponsor-owned company, is a premier global provider of high-precision cinema lenses, cameras, lighting equipment, and post-production services for the motion picture, television, and commercial markets. The company operates in 11 countries worldwide.The new revolving credit facility, secured by current and fixed assets, refinanced the company’s existing debt and provides
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Fusion Connect, a leader in cloud communications services, announced that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth."We are thrilled to announce our new partnership with Hark Capital," said Brian McClintock, CFO of Fusion Connect. "This
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Gibraltar Business Capital announced that Andrew Gustin has joined as SVP of the Midwest Region. gustin will lead origination activities across the Midwest to support GBC’s strategic expansion, offering asset-based loans between $10MM and $100MM to businesses looking for non-dilutive capital.Gustin brings over 20 years of experience providing debt and equity capital to middle-market companies. Before joining Gibraltar, he served as Director of Business Development at Edge Capital, where he
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Utica closed a $3,100,000 capital lease for a Permian Basin oilfield services and aggregates provider. Secured by heavy construction machinery, site development equipment, and aggregate processing assets, this transaction enables the company to refinance existing debt and strengthen its working capital position. The lease supports a broad suite of services—including road construction, fracking pit installation, trenching, remediation, and weed control—while also bolstering the firm’s in house
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While tariffs and other policy factors will have a limited direct impact on direct lending portfolios, second-order effects could weigh more heavily on middle-market borrower performance, according to "Scenario Analysis: Private Credit Is Insulated But Not Immune From Tariff Risk", published on RatingsDirect. Second-order effects could include sustained inflation, weakened consumer spending, reduced corporate investment, recessionary pressures, and overall market unpredictability. S&P Global
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Entrepreneur Growth Capital (“EGC”) closed a $7.5 million asset-based facility to a west coast based corporate relocation and housing company.The credit facility provides availability against accounts receivable and an over advance facility to provide additional working capital for certain startup expenses. The client was a long time bank customer but when the market turned during the pandemic, it was asked to leave. With few options, it found a home with a local factoring company. In order to
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Kirkland's, a specialty retailer of home décor and furnishings, closed a $5.2 million expansion of the existing credit agreement with Beyond, Inc. ("Beyond"). The upsized facility strengthens Kirkland's financial position, providing flexibility for general working capital purposes and support for the Company's updated store conversion strategy.Amy Sullivan, President and CEO of Kirkland's, "We're grateful for Beyond's ongoing partnership as we continue to reshape our business. This additional
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BriteCap Financial announced the launch of BriteLine — a next-generation capital solution designed to give entrepreneurs and business owners more control, more flexibility, and more peace of mind. With BriteLine™, business owners no longer need to overborrow or refinance to access additional funds. Instead, eligible customers receive a simple approval that unlocks future access to capital — drawn only when needed, and based on how the business performs. We created BriteLine™ to match how real
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Jerrob Duffy, who previously served as the Department of Justice’s (DOJ) Chief of the Litigation Unit for the Criminal Fraud Section, has joined Hogan Lovells as a partner in the Investigations, White Collar, and Fraud (IWCF) practice in the Washington, D.C. office. Duffy joins from Squire Patton Boggs, where he has cultivated a significant practice around financial services regulatory defense that reflects the macroeconomic trends in the commercial lending sector."We are thrilled to welcome
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The SAF Group ("SAF"), one of Canada's leading alternative capital providers, announced that Nur Khan has joined the firm as Managing Director to lead its newly launched Asset-Based Finance ("ABF") strategy.Founded in 2014, SAF specializes in bespoke private credit solutions and has committed and deployed over $4.5 billion across a diverse range of industries, including real estate, energy and financial services. The firm's expansion into ABF reflects a strategic focus on private credit
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the refinancing of GovSpend by Thompson Street Capital Partners. Founded in 2011, GovSpend is a provider of government intelligence solutions, including purchase orders, bids & RFPs, contacts, and contracts, to government vendors and agencies. Based in St. Louis, Thompson Street Capital Partners is a middle-market private equity firm that invests in exceptional middle-market businesses
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Post Road Equipment Finance closed a $15 million loan facility with a leading North American provider of specialized transportation services for the aviation, railway, and transit sectors. This key industry player, vital to maintaining efficient and reliable domestic supply chains, will utilize the funds to expand its fleet, ensuring continued on-time deliveries. The $15 million financing transaction supports fleet expansion to accommodate new routes from recently secured long-term contracts
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The first 100 days of the second Trump administration has undoubtedly delivered a shock to the U.S. economy, but all the policy gyrations are not sufficient to cause a recession by themselves, according to Beacon Economics' latest outlook. Still, the new forecast now includes an increased probability of recession in the next 12 months.Highlights from the latest report:
Recession risk rising: Beacon Economics sees a 30% chance of a recession in the next year, lower than the 45% average in the
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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, closed its inaugural $1.2 billion managed commercial real estate collateralized loan obligation (CRE CLO), INCREF 2025-FL1, on May 7, 2025."Our culture of innovation has kept us on the leading edge of commercial real estate for 40 years. This transaction further demonstrates our deep real estate capital markets expertise and commitment to
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Apollo closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.Accord+ II employs an opportunistic strategy focusing on high-conviction investments across the credit spectrum. The Fund is expected to
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