Reuters reported that Blue Owl Capital is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the company evaluates its options after facing investor backlash against the move last week, according to two people familiar with the matter.According to the Reuters report, Blue Owl was forced to abandon a move to combine its publicly-traded OBDC fund and Blue Owl Capital Corporation II on November 19th after a plan to merge the two
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November 24, 2025 @ 08:16 AM
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Regents Capital Corporation (Regents), a leading provider of equipment leasing and financing solutions to middle-market borrowers, announced the successful extension and upsize to $150 million of its revolving credit facility with Bank OZK. Proceeds drawn on the facility will be used to fund new originations and fuel business growth."This upsize, in parallel with our recent corporate notes closing, will allow us to write more business and tap into unfunded demand," stated Don Hansen, Chief
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November 24, 2025 @ 08:12 AM
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American Signature, Inc. (ASI)), one of the nation's leading home furnishings retailers and the parent company of Value City Furniture and American Signature Furniture, has filed voluntary petitions for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”).In order to maximize value, the Company has commenced a sale process pursuant to Section 363 of the U.S. Bankruptcy Code in the hope of a competitive auction within approximately 45 days to elicit
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November 24, 2025 @ 08:10 AM
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Monroe Capital announced the closing of Monroe Capital PCL CLO 1, LTD, a $730.7 million term debt securitization. This marks Monroe’s third CLO transaction in 2025 and is secured by a portfolio of lower and traditional middle market senior secured loans.The issued debt tranches were rated from AA through BBB-, with Monroe and its affiliates retaining a majority of the subordinated notes. BNP Paribas acted as the Initial Purchaser and Placement Agent. The transaction was structured in accordance
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November 24, 2025 @ 08:09 AM
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Eclipse Business Capital (“EBC”) provided a $450 million senior secured ABL credit facility to a prominent long-established retailer. The credit facility is secured by accounts receivable and inventory. The transaction refinances the Company’s bank-led credit facilities and provides additional liquidity for working capital purposes. Siena Lending Group participated in the transaction.EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower
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November 24, 2025 @ 08:06 AM
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i80 Group, a leading global investment firm specializing in tailored ABF solutions, provided a senior-secured credit facility of up to $100 million to Lighter Capital, a pioneer and leader in revenue-based financing for SaaS and Technology businesses.This new facility will enable Lighter to significantly expand its origination and funding of non-dilutive growth capital. Lighter provides an alternative to traditional venture capital or bank lending, enabling revenue generating companies to
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November 24, 2025 @ 08:05 AM
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36th Street Capital closed a $15 million equipment loan for a longstanding manufacturer in the automotive sector. The facility refinanced the company’s existing asset pool and provided liquidity in support of a strategic acquisition.“This transaction highlights our commitment to providing responsive, tailored financing solutions that help our partners and their clients capitalize on growth opportunities,” said Mark Horan, Chief Growth Officer. “Our team executed this complex transaction within a
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November 24, 2025 @ 07:30 AM
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eCapital Corp. delivered a $6.5 million asset-based lending facility to support the growth and working capital needs of a home furnishings company based in North Carolina.The business sought a more efficient and flexible capital solution to support day-to-day operations and regular shareholder distributions. To meet those needs, it aimed to replace higher-cost term debt with a working capital revolver better suited to its ongoing requirements. The opportunity came through an existing
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November 24, 2025 @ 07:29 AM
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As part of the continued execution of its growth plan, Dime Community Bancshares, the parent company of Dime Community Bank, announced that Dan Fosina will join Dime as Senior Vice President, Group Leader.Fosina will spearhead Dime’s middle market commercial banking expansion across the state of New Jersey.Stuart H. Lubow, President and Chief Executive Officer of Dime, said, "As part of our growth plan, we had identified New Jersey as an important expansion market. Recently, we announced plans
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November 24, 2025 @ 07:28 AM
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First Citizens Bank announced that Snow Holding has been named Director and Market Leader of Middle Market Banking for the Northeast, where he will lead relationship managers and business expansion efforts in both the Boston and New York offices, as well as the broader Northeast Corridor."Snow is an outstanding addition to our team, and we welcome his experience leading relationship strategy and his dedication to delivering for our clients across the Northeast," said Brendan Chambers, Middle
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November 21, 2025 @ 08:15 AM
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SLR Business Credit is saddened to announce that, Patti Kotusky, its Manager of ABL Operations and one of its founders, passed away after a short illness. Prior to SLR Business Credit (formerly North Mill Capital), which she founded as part of the original management group, Patti Kotusky was with Business Alliance Capital Corp, and other commercial finance companies.
Patti was a former President of the Philadelphia Chapter of SFNet. She is survived by her husband Joe Kotusky who is an
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November 21, 2025 @ 08:10 AM
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Siena Lending Group closed a $33,500,000 asset-based credit facility for Dorfman Milano Company (“Dorfman”), a leading designer, manufacturer, and distributor of headwear and accessories. The financing will provide Dorfman with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.Kyle Billingsley “As the Chief Financial Officer of Dorfman Milano Company, I am delighted to announce the opening of our new ABL facility in partnership with Siena
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November 21, 2025 @ 08:09 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, provided a $50 million growth capital facility to Lumafield, a pioneer in advanced manufacturing technology that delivers AI-powered manufacturing intelligence to help companies improve product quality, accelerate development, and automate operations. The company's industrial computed tomography (CT) scanners and machine learning technology are embedded in production lines at some of the world's most recognized brands in the medical
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November 21, 2025 @ 08:06 AM
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1st Source Bank announced the Board of Directors' promotion of two senior leaders following recent succession changes at the Bank and parent company, 1st Source Corporation. John Bedient will become Chief Operating Officer and Executive Vice President with responsibility for Information Technology, Salesforce, and the Enterprise Project Management Office in addition to his current Operations responsibilities. Dan Lifferth will become Chief Administrative Officer and Senior Vice President. He
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November 21, 2025 @ 08:04 AM
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Castleton Commodities International (CCI) announced the successful renewal of two credit facilities totaling more than $2.1 billion.The facilities include a $1.9 billion secured borrowing base facility, consisting of an $800 million one-year tranche and a $1.1 billion two-year tranche. The secured facility also features an accordion option of up to $1 billion, providing additional liquidity to support CCI’s continued growth. In addition, CCI renewed a $210 million one-year committed unsecured
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November 21, 2025 @ 07:00 AM
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