Amerisource Business Capital closed and funded a $30,000,000 asset-based lending facility to support the working capital needs of a Southwest-based company specializing in the design, fabrication, and maintenance of midstream energy infrastructure, including treating plants and flowlines. This facility will support the company’s ongoing working capital requirements.Jeff Dunbar, Regional Market Manager at Amerisource, commented: “We are thrilled to provide working capital to help this business
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Webster Bank announced that Michael Goletz has joined the bank’s Asset Based Lending (ABL) division as Managing Director, ABL Originations. He will report to David Viggiano, Senior Managing Director, National Sales Leader ABL at Webster. Based in Indianapolis, Goletz will be responsible for originating and structuring new asset-based credit facilities across the Midwest, with a focus on middle-market companies seeking working capital, growth, or acquisition financing. In this role, he will lead
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SSG Capital Advisors (“SSG”) served as the investment banker to Brightmark Plastics Renewal LLC and certain affiliates (collectively, “Brightmark Indiana” or the “Company”) in the sale of substantially all assets to Brightmark Plastics Ashley HoldCo LLC (“Brightmark Parent”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware. The transaction closed in May 2025.Brightmark Indiana owned and operated the Ashley Circularity
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Yext, a leading digital presence platform for multi-location brands, closed a $200 million senior secured term loan facility with funds and accounts managed by BlackRock, providing the company with enhanced flexibility to support its growth initiatives and strategic objectives.Proceeds of the facility will be used to support growth initiatives and pursue strategic acquisitions. This transaction replaces Yext’s revolving credit facility with Silicon Valley Bank, which was set to expire at the end
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INNOVATE Corp. announced that DBM Global (“DBMG”), entered into an amended and restated credit agreement that provides for an $85 million term loan and a $135 million revolving credit facility, which will be used to fully repay DBMG’s existing debt obligations and provide additional working capital capacity. The Credit Facility from a syndicate led by UMB Bank provides for senior secured debt in the total amount of $220 million and is set to mature on May 20, 2030. The facility also contains an
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Aequum Capital closed a $35 million senior secured revolving line of credit to a Midwest-based commodity distribution company specializing in value-added mixing, blending, and recycling services. The facility will enhance liquidity and provide meaningful operating flexibility as the Company executes its turnaround strategy following a challenging period driven by broader macroeconomic headwinds.This transaction underscores Aequum's ability to think creatively and act decisively in complex credit
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Gordon Brothers and Nations Capital, a Gordon Brothers Company, are offering for sale by private treaty all the machinery and inventory related to Nikola Corporation's hydrogen business. The U.S.-based transportation company’s hydrogen business includes hydrogen-powered Class 8 trucks, machinery and equipment for fuel cell electric vehicles and the development of hydrogen fueling infrastructure to support zero-emissions trucking, and other finished goods and inventory. The assets at Nikola’s
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Figure Technology Solutions (“Figure”), a technology platform building the blockchain-based capital markets of the future, has entered into a financing agreement with Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit. The transaction includes the sale of Figure’s first – and the industry’s first – pool of Crypto-Backed Loans. This milestone accelerates Figure’s Crypto-Backed Loan business, which enables asset owners to borrow against
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Beach Point Capital Management, a diversified alternative asset manager, announced the close of over $1.25 billion of capital commitments across both BPC Opportunities Fund V LP (the "Opportunities Fund V") and BPC Real Estate Debt Fund ("BPRED"), which raised over $750 million and $545 million of investable capital, respectively. The investors in both funds represent a wide range of sophisticated global institutions including pensions, insurance companies, family offices, sovereign wealth funds
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, announced the financing of a senior bridge loan and working capital facility for three skilled nursing facilities in Florida, totaling $108,750,000. The sponsorship group, a repeat client of MONTICELLOAM, plans to use the $105,500,000 floating-rate senior bridge loan to refinance the existing debt on the portfolio located across southern Florida.“MONTICELLOAM is proud to provide long-term value to our healthcare
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PNC Bank announced entry into a definitive agreement to acquire Aqueduct Capital Group, a placement agent focused on raising capital for private equity, private credit and real asset managers through its broad access to sophisticated, global pools of capital. Founded in 2003, Aqueduct has built a strong reputation advising its clients on a variety of fundraising solutions."This acquisition is complementary to existing capital advisory capabilities provided through PNC's subsidiary Harris
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King Trade Capital closed a $1.8MM purchase order finance facility for an aerospace parts company in support of their newly awarded U.S. Air Force contract. The client approached King Trade Capital seeking a fast and flexible finance solution to support the acquisition and refurbishment of five nose landing gears required under the contract. King Trade Capital was able to quickly underwrite the contract and provide the necessary funding to facilitate payments to the client’s supplier for the
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Barclays announced the appointment of Marc Warm as Global Co-Head of Capital Markets, alongside Tom Johnson and Travis Barnes. Marc will report to Cathal Deasy and Taylor Wright, Global Co-Heads of Investment Banking and be based in New York.Warm has worked in the leveraged finance business for over 30 years. He joins Barclays from UBS where he was Global Head of Leveraged and Debt Capital Markets. He brings a deep understanding of the credit markets, a strong network of sponsor and issuer
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Legacy Group Capital (“Legacy”), an innovative real estate company, announced its first institutional capital partnership with LibreMax Capital, LLC (“LibreMax”), an $11.8 billion asset management firm specializing in securitized products and asset-backed finance. The deal includes an 18-month revolving period, during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding capacity. Legacy Chief Investment Officer Ed Messman said
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The client is a Houston-based fabricator focused on interior design for commercial spaces. After realizing that complex design projects were often overlooked or cut from the budget of construction projects, the owners combined their expertise and creativity to meet the need. The shop currently offers various services to the design community across Texas.From the beginning, the business has done very well, increasing sales and net income year after year. However, a lightning strike from Hurricane
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