Heron Therapeutics, a commercial-stage biotechnology company, announced the completion of a comprehensive capital restructuring designed to enhance the Company's financial flexibility, reduce total debt, and support long-term growth.The multi-faceted refinancing transaction consisted of the following key components:
A new senior credit facility with Hercules Capital due in 2030, which provides $110.0 million in committed capital at closing and an additional $40.0 million in two $20.0 million
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August 11, 2025 @ 08:15 AM
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Star Mountain Capital announced that William J. Kelly has joined the firm as a Senior Advisor. Kelly will support Star Mountain’s mission by contributing to investor relations, portfolio governance, educational initiatives, and thought leadership as Star Mountain continues building its presence across the alternative investments ecosystem.Kelly brings more than four decades of executive leadership experience in asset management, financial governance, and professional education within the
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August 11, 2025 @ 08:00 AM
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Timbercreek Financial announced a significant update to its credit facilities. On August 7, 2025, Timbercreek Financial entered into a second amending agreement to the third amended and restated credit agreement (the "New Credit Agreement") with a syndicate of nine lenders. The New Credit Agreement provides for revolving credit facilities totaling $600 million, including a $20 million swingline facility, up from the previous $510 million credit facility. The facility also includes a $100 million
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August 11, 2025 @ 07:55 AM
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Inventory levels of used construction equipment on Machinery Trader and other Sandhills Global platforms shifted from a sideways to a downward trend in July, according to the latest Sandhills market reports. This shift reflects a typical summertime lull in the machinery market. Used crawler excavators and mini excavators led the way in inventory decreases in the heavy-duty and medium-duty equipment markets, respectively.The market reports cover construction equipment, farm machinery, trucks, and
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August 11, 2025 @ 07:54 AM
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BW Energy has signed a $250 million Corporate Revolving Credit Facility with DNB Bank. The facility provides enhanced financial flexibility to support ongoing field development activities and general corporate purposes. The financing is backed by BW Group, reflecting continued confidence in BW Energy's strategy. The facility has a tenor of 18 months with a bullet maturity and includes an option to extend by a further 18 months, subject to mutual agreement. The interest rate is Term SOFR plus 6%
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August 11, 2025 @ 07:49 AM
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TAB Bank will host the 24th Annual Ogden Rescue Mission Charity Golf Tournament on Friday, Sept. 5, at Wolf Creek Resort in Eden, Utah. All proceeds will support the Ogden Rescue Mission in helping individuals experiencing homelessness in Northern Utah communities receive shelter, food, clothing, hygiene, friendship, placement in living-wage jobs and affordable housing. The Ogden Rescue Mission is a faith-based 501(c)(3) nonprofit organization established in 1964 to help the homeless and restore
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August 11, 2025 @ 07:07 AM
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Invesco Real Estate, the $88 billion global real estate investment platform of Invesco Ltd., ramped up its lending activity in the first half of 2025 with loan commitments across North America and Europe totaling $2.3 billion in committed capital across 30 unique loans. This volume demonstrates the team’s continued momentum and a surge in activity, more than doubling the firm’s H1 2024 global origination volume. Multifamily and Industrial represented the largest areas of conviction for the group
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August 11, 2025 @ 07:00 AM
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Steven T. Kolyer, a leading securitization and structured products lawyer specializing in commercial real estate finance, has joined Cadwalader as co-head of the firm’s CRE CLO practice, based in New York. Steven will co-head the practice with Jeffrey Rotblat, a senior Cadwalader partner who is also a leader in commercial real estate securitization.“We are very excited to welcome Steve to our firm,” said Cadwalader Managing Partner Pat Quinn. “Like many of our partners, Steve has played a
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August 11, 2025 @ 06:04 AM
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InvestiFi, a leading InvestTech platform for banks and credit unions, that enables investing to and from deposit accounts, announced Patrick McNally as its new Chief Product Officer. McNally will be responsible for overseeing vital aspects of InvestiFi’s business, including leading on the strategy, design, and delivery of InvestiFi’s platform.McNally was previously Director of Data & Analytics at Exodus Movement Inc, a fintech company focused on creating tools that give users full control over
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August 11, 2025 @ 06:00 AM
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Monroe Capital announced that Monroe Capital Corporation (“MRCC”) and Horizon Technology Finance Corporation (“HRZN”), both business development companies (“BDCs”) managed by affiliates of Monroe Capital, have entered into an agreement (the “Merger Agreement”) under which MRCC would merge with and into HRZN (the “Merger”), subject to the receipt of certain shareholder approvals and the satisfaction of other closing conditions. Pursuant to the Merger Agreement, HRZN will be the surviving public
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August 08, 2025 @ 08:15 AM
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SouthStar Capital has appointed Michael Haddad as President—a move that underscores the firm’s commitment to strategic leadership and innovation in commercial finance.Haddad brings a distinguished background with more than 35 years of leadership experience in financial services and the banking industry. He has successfully built market share and enhanced profitability at top-tier companies in both independent and regulated environments, nationally and internationally, on numerous occasions. As
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August 08, 2025 @ 08:13 AM
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TAB Bank extended a $3.5 million ledgered working capital facility to one of North America’s largest transportation service providers, a Canadian-based company with a vast network of less-than-truckload (LTL), full truckload (FTL) and cross-dock operations spanning Western Canada to Central California.The logistics company sought a new banking partner after its previous financing company decided to reduce its portfolio in the transportation sector. With limited time to secure a replacement, the
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August 08, 2025 @ 08:12 AM
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Haversine Funding, a leader in the commercial lender finance sector, announced that Farrah Vargas has joined the firm as Senior Director, Portfolio Management, effective this August. In this key leadership role, Vargas will oversee portfolio strategy and performance while also working closely with factors and commercial lenders to identify growth opportunities, streamline operations, and add measurable value across our ecosystem.Farrah brings nearly 20 years of experience in specialty finance
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August 08, 2025 @ 08:11 AM
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SSG Capital Advisors served as investment banker to TransAxle Holdings, LLC in the sale of its off-highway division to Swanson Industries, Inc., a portfolio company of Turnspire Capital Partners. The transaction closed in June 2025.TransAxle is a leading independent remanufacturer of transmissions, differentials, and hydraulics. The Company provides comprehensive drivetrain solutions for medium and heavy-duty commercial trucks and off-highway vehicles through its branch network and wholesale
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August 08, 2025 @ 08:00 AM
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Pathward Financial through its subsidiary, Pathward, a national bank focused on financial access, announced that Charles Ingram has been appointed Executive Vice President and Chief Information and Operations Officer in recognition of his leadership in aligning technology, product and operations to drive efficiency, resilience and innovation across the Company.“During the last five years, Charles and his team have transformed our technology organization, delivering on many strategic initiatives
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August 08, 2025 @ 07:57 AM
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