Rosenthal & Rosenthal announced that, going forward, the 87-year-old company will be doing business under a new moniker, Rosenthal Capital Group (RCG). The name change, refreshed branding and the New York headquarters move to Park Avenue all mark an important milestone in the company’s history, as the third and fourth generations of Rosenthal family leadership continue to evolve the firm to keep pace with an ever-changing global marketplace. “The world is simply not the same place it was when
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Rite Aid Corporation announced that it is pursuing a strategic and value-maximizing sale process for substantially all of its assets. To facilitate this process, the Company and its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey.To support Rite Aid during its sale process, which it intends to conduct under section 363 of the U.S. Bankruptcy Code, the Company has secured commitments from certain of its existing lenders to access
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JPalmer Collective (JPC) closed a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the funds to continue to innovate and expand its diverse line of parent-loved products. JPC is focused on ensuring that over half of its portfolio consists of women-led companies as part of its mission to make financing more equitable.?? “We were immediately impressed by the company’s long-term growth strategy and we knew we were the perfect financial partner to
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NFS Leasing announced it will rebrand as NFS Capital LLC, as part of its long-term growth strategy.The rebrand reflects the company’s commitment to expanding its equipment financing platform, growing its syndication capabilities and pursuing targeted opportunities across both new and existing markets. As NFS Capital scales nationally and throughout Canada, it will remain focused on providing flexible financing solutions to businesses across a wide range of industries.“We are excited to launch
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J.S. Held welcomed Bill Fasel to a team of more than 1,500 financial, technical, scientific, and strategic experts. Fasel has 30 years of experience in financial and strategic advisory services, assisting multinational and middle-market clients with turnaround, restructuring, business transformation, investment banking, and strategic advisory matters. His areas of expertise include improving operational and financial performance, identifying strategic alternatives, assessing and enhancing short
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MidCap Financial provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC. Proceeds from the credit facility were used to refinance the Company’s existing credit facilities and to support the ongoing working capital needs of the Company.Bedrock Manufacturing Company serves as a platform company encompassing both the Shinola and Filson brands.
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CSW Industrials announced the renewal and extension of its existing Revolving Credit Facility, including an increase of the Facility’s commitment from $500 million to $700 million in partnership with a group of nine banks. The renewed Revolving Credit Facility has a five-year term and now matures in May of 2030. JPMorgan Chase Bank will serve as administrative agent. JPMorgan Chase Bank and Truist Bank acted as the joint lead arrangers and joint bookrunners.Joseph B. Armes, Chairman, Chief
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Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent to support the leveraged buyout of Marcy Laboratories by LFM Capital. In addition, Abacus Finance Group made an equity co-investment in Marcy Laboratories. Marcy Laboratories is a contract manufacturer that specializes in filling perfumes, colognes, eau de toilettes, body mists, room sprays, reed diffusers, linen sprays, and fragrance samplers. LFM Capital, a private equity firm based in Nashville, Tennessee
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $11.5 billion in U.S. direct lending commitments across 81 transactions during the first quarter of 2025 and approximately $50.4 billion in direct lending commitments across 351 transactions in the 12 months ended March 31, 2025. The $50.4 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business. Below is a description of selected transactions that
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May 05, 2025 @ 08:15 AM
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According to a Bloomberg report, hedge funds are betting against private credit lenders due to trade wars, a shrinking economy and rising strain among borrowers. According to the report, short sellers have made approximately $1.7 billion on paper so thus far in 2025 betting against some of the largest direct lenders. Bloomberg reports that while direct lenders have touted tariff-induced volatility as an opportunity to attain a larger share of the market, their share prices have fallen over the
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The 30,961 individual chapter 7 filings in April 2025 represented a 16 percent increase over the 26,781 filings recorded in April 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total individual bankruptcy filings increased 10 percent in April 2025, to 47,323, up from the April 2024 individual filing total of 43,030. The 16,246 individual chapter 13 filings in April 2025 represented a slight increase from the 16,175 individual chapter 13
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Runway Growth Capital announced the promotion of Avisha Khubani to Managing Director of Portfolio Analytics. In her expanded role, Khubani will continue to oversee the performance of Runway's portfolio companies while enhancing Runway's risk assessment and monitoring frameworks to ensure sustainable growth for its investments.Khubani, who joined Runway in 2018 as a Vice President, has played a key role in shaping the firm's portfolio analytics function.Prior to joining Runway, Khubani was a Vice
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VSE Corporation, a leading provider of aviation aftermarket distribution and repair services, announced the successful refinancing of its Term Loan A and Revolving Credit Facility. Citizens Bank acted as the administrative agent, lead-left bookrunner and joint lead arranger, for the syndicate of nine banks.The Company entered into a new $300 million Term Loan A and a $400 million revolving credit facility, both maturing on May 2, 2030. These facilities refinance and replace the Company’s
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First Citizens Bank won two gold Stevie® awards for business excellence in the 23rd annual American Business Awards competition.The American Business Awards are widely regarded as the premier business awards program in the U.S. More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.First Citizens’ awards – Company of the Year in Banking (large bank category), and Achievement in Banking
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Houlihan Lokey announced that Andy Hull has joined as a Managing Director and Head of Midstream in the firm’s Oil & Gas Group. Based in Houston, Hull will lead and further enhance the firm’s midstream coverage. Hull joins the firm after 20 years at RBC Capital Markets. Most recently, he served as a Managing Director in the Global Energy Group, where he led strategic idea generation, business development, capital allocation, and transaction execution across midstream oil and gas and
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