Saks Global Enterprises shared progress against its previously announced measures to strengthen its balance sheet and support its long-term growth.The Company has secured $350 million of financing commitments from SLR Credit Solutions (“SLR”) consisting of a $300 million first-in, last-out (FILO) facility for the company and a $50 million secured term loan facility for certain subsidiaries of the Company, providing additional liquidity to support the execution of the Company’s business plan. The
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Antares Capital and Ares Management Corporation announced the closing of Antares’ first continuation vehicle with over $1.2 billion in commitments. The transaction was led by Ares Credit Secondaries funds, along with a commitment from Antares. The continuation vehicle was established to purchase assets and limited partner interests from two comingled private credit funds comprising over 100 underlying first lien, floating rate loans originated and managed by Antares. The vehicle provided
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Wingspire Capital provided a $150 million revolving credit facility to New APR Energy, LLC (d/b/a APR Energy), a global leader in fast-track power generation solutions. Proceeds will be used for capital expenditures, maintenance, and equipment refurbishment, while also providing additional flexibility and liquidity to support APR Energy’s operations and growth.APR Energy, based in Jacksonville, Florida, owns one of the world’s largest mobile gas turbine fleets, with 850 megawatts of capacity.
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Huntington Business Credit closed a $40,000,000 new credit facility with Profound Alloys, LLC on April 18, 2025. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.Profound Alloys, LLC, headquartered in Canonsburg, Pennsylvania, is a distributor of raw material alloys to the foundry and steel mill industries in the United States.
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Keystone National Group closed a $50,000,000 senior secured revolving warehouse line of credit for a national electronics lease-to-own company. Keystone’s investment will allow the company to grow its business of providing lease-to-own financing products to consumers across the United States.
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Challenger bank Allica has selected Lendscape, a leading provider of commercial lending technology, as the core platform for its asset finance operations. Following a year of exceptional growth, Allica - the only bank built for established SMEs and Europe’s fastest-growing fintech - has positioned itself as a major force in business banking and continues to scale at pace. Allica selected Lendscape’s asset finance platform to support that momentum following a successful trial in a sandbox
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On Tuesday, June 3, 2025, members of the Equipment Leasing and Finance Association (ELFA) will meet with lawmakers on Capitol Hill as part of Capitol Connections 2025—the association’s signature annual advocacy event. The fly-in brings together industry leaders from across the country to advocate for smart policies that support small businesses, capital investment and American jobs. This year, ELFA members will urge Congress to:
Repeal Section 1071 of the Dodd-Frank Act, which imposes costly
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Genesis Bank received all necessary regulatory approvals, as well as shareholder approvals from the shareholders of Excel Bank, a tradename of EH National Bank (“Excel”), to complete its previously announced agreement to acquire Excel. The acquisition, initially announced on Feb. 13, 2025, is expected to close mid-June 2025.“Over these past couple of months, we have been able to gain a deeper understanding of Excel’s market presence, client base, team talent, products, and services, and we are
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Wells Fargo & Company entered into a definitive agreement to sell the assets of the company’s rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. The transaction is expected to close in Q1 2026 or sooner, subject to satisfaction of customary closing conditions.“This transaction is consistent with Wells Fargo’s ongoing strategy of simplifying our businesses and focusing on products and services that are core to our clients,” said
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Kashable, a mission-driven fintech platform Redefining Credit for Working Americans as an employer-sponsored voluntary benefit, announced the closing of a $250 million credit facility. This financing will allow Kashable to continue to provide equitable, affordable credit and financial wellness solutions to employees and expand its reach to employers throughout the U.S.Nomura Corporate Funding Americas served as the lead lender and agent in the facility. Kashable also continues to be supported by
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Sunrise Realty Trust (“SUNS”), a lender on the TCG Real Estate platform, announced the expansion of its senior secured revolving credit facility with the addition of EverBank. EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp in November 2024, remains expandable to $200 million, subject to certain conditions and additional lender participation.Proceeds from the Credit Facility
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Alvarez & Marsal (A&M) announced the appointment of Richard H. Chen as a Managing Director within its Private Equity Performance Improvement (PEPI) group. Chen, a recognized end-to-end value creation expert for private equity (PE), will lead, build-out and grow PEPI’s U.S. Operational Due Diligence (ODD) practice in response to increasing market demand. Chen brings two decades of experience advising PE investors and their portfolio companies on operational diligence, value creation planning
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Frontier Infrastructure Holdings, a leading developer of low-carbon infrastructure across the Mountain West and Texas, announced a series of strategic developments that reinforce its leadership in scalable power generation. These include the acquisition of 270 megawatts (MW) of gas turbines for behind-the-meter ("BTM") energy projects, the successful closing of a $130 million senior secured equipment supply loan to advance its power platform, and the appointment of veteran power executive
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Exchange Bank announced the promotion of Ali Spitzer to Senior Vice President and Chief Credit Officer, recognizing her outstanding leadership and continued contributions to the Bank’s long-term success.Spitzer brings a wealth of experience to the role, having served in multiple leadership positions since joining the Exchange Bank. From her early days as a Credit Analyst to roles as Underwriter, Loan Officer and most recently Credit Administrator, Spitzer has demonstrated exceptional versatility
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Tiger Group will be hosting an online auction on June 11 for the assets of Shine Solar, a multi-state installer of residential and commercial solar systems that filed for Chapter 7 Bankruptcy in the Western District of Arkansas (Fayetteville) under case #: 5:25-bk-70455. The offering includes a wide selection of solar panels from Canadian Solar, EZ Solar, Silfab, Solaria; generators from Generac, Kohler and others; insulation blowers, conduit, plus a large assortment of electrical parts
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