Forward for Specialty Finance
2025 Dealmakers – Middle Market
| LENDER | BORROWER | INDUSTRY | ROLE | AMOUNT (<$1B) | STRUCTURE | ABOUT THE DEAL |
|---|---|---|---|---|---|---|
| Avenue Capital Group | CalciMedica | Biopharmaceuticals | Lender | $32.5 | Credit Facility | To provide working capital to fund product pipeline development |
| Bank of America | Turtle Beach | Gaming Accessories | Lender | $150.00 | Debt Refinancing | To strengthen capital structure and enhance financial flexibility |
| Chicago Atlantic | Deep Roots Harvest | Cannabis | Administrative Agent | $30.0 | Senior Secured Credit Facility | To support growing investment portfolio |
| CIT Northbridge Credit | Ice Services | Wireless Services | Lender | $30.0 | Revolving Credit Facility | To enhance operations with growth on the horizon |
| Citi | DailyPay | Worktech | Commitment Increase | $100.0 | Secured Credit Facility | To access to significant funding to service ever-growing roster of clients |
| CoBank | LICT | Telecommunications | Administrative Agent | $100.0 | Revolving Credit Facility | To provide an improved covenant structure and greater flexibility to meet capital expenditures |
| CoVenture Management | Lawfty | Legal Services, Personal Injury | Lead Lender | $40.0 | Debt Financing | To further accelerate the development of Lawfty’s data-powered business |
| Deutsche Bank | SolAmerica | Solar Energy | Administrative Agent | $100.0 | Revolving Credit Facility | To support project development financing |
| Eagle Bank | EB5 | Regional Operator | Lender | $100.0 | Credit Facility | To support future real estate project growth |
| Encina Private Credit | Ipsen International | Technology | Administrative Agent | $70.0 | Senior Secured Credit Facility | To refinance existing credit facilities and provide capital to support growth |
| First Citizens Bank | Standpoint | HOA Management Services | Lender | $22.5 | Senior Debt Facility | To fund acquisitive growth |
| Gordon Brothers | Carroll Fulmer Logistics Corporation | Transportation | Lender | $27.0 | Financing Package: Credit Facility, Sale-Leaseback & Asset Advisory Services | To support growth strategy |
| Great Rock Capital | Lion Energy | Power Products | Lender | $25.0 | Senior Secured Revolving Credit Facility | To support expansion |
| Hercules Capital | Disc Medicine | Biopharmaceutical | Debt Financing | $200.0 | Non-Dilutive Term Loan | To provids funding options to support anticipated key catalysts |
| Huntington Business Credit | HCI-TSM | Automotive | Lender | $23.0 | Credit Facilities | To refinance debt and fund working capital |
| K2 HealthVentures | Phil | Software | Lender | $60.0 | Growth Debt Financing | To accelerate AI integration and platform expansion |
| KeyBank et. al. | BlueWave | Solar & Storage | Arranger | $247.0 | Credit Facilities | To fund the development of community solar projects |
| KKR | Peregrine Energy Solutions | Energy / Clean Energy Platform | Lender | $250.0 | Financing | To finance equipment, interconnection & offtake credit security |
| Legacy Corporate Lending | 888VoI | Telecommunications | Lender | $25.0 | Asset-Based Credit Facility | To support growth |
| M&T Bank | Mazzotta Rentals | Rental Equipment Solutions | Lead Arranger | $160.0 | Revolving Line of Credit, Term Loan Facility and Accordion Feature | To accelerate growth and continue fleet expansion |
| MidCap Financial | Evolucion Innovations, Inc | Retail | Lender | $60.0 | Senior Secured Credit Facility | To refinance existing debt |
| Mitsubishi UFG Financial Group | Sun Country Airlines, Inc. | Air Travel | Sole Structuring Agent | $37.5 | Senior Secured Revolving Credit Facility | To provide financial flexibility |
| Mountain Ridge Capital | Plastic Moldings Manufacturer | Manufacturing | Lender | $45.0 | Secured Credit Facility | To support continued growth |
| o15 Capital Partners | Pediatric Dental Services | Healthcare | Debt and Equity Investor | $25.0 | Incremental Debt and Equity Co-Investment | To provide runway for future growth |
| Oberland Capital Management | Verastem Oncology | Biopharmaceuticals | Lender | $157.5 | Credit Facility; Equity Investment | To fund launch strategy |
| Overland Advantage | FFF Enterprises | Biopharmaceuticals | Sole Lead Arranger and Bookrunner | $215.0 | Credit Facility | To facilitate ongoing growth |
| Oxford Finance | Inhibrx Biosciences | Biopharmaceuticals | Lender | $150.0 | Term Loan Facility | To support advancement of pipeline and further development of innovative therapies |
| Pathlight Capital | J.G. Wentworth | Debt Resolution Services. | Administrative Agent | $225.0 | Senior Secured Credit Facility | To refinance debt and expand its debt resolution business. |
| Pharmakon Advisors, LP. | Evolus, Inc. | Beauty Products | Manager | $250.0 | Credit Facility | To improve current cash generation and gives access to additional capacity |
| PNC Bank | NN, Inc. | High Precision Components & Assemblies | Lender | $65.0 | Asset-Backed Loan | To fund transformation plan |
| Rand Capital & Callodine Group | DarioHealth | Healthcare | Lenders | $50.0 | Debt Financing Facility | To refinance existing credit facility, providing additional operational flexibility |
| RevTek Capital | Cymbiotika | Wellness / Supplements | Lender | $30.0 | Debt Financing | To strengthen balance sheet and provide necessary working capital to support key initiatives |
| Rosenthal & Rosenthal, Inc. | NY Outerwear Company | Apparel | Lender | $250.0 | Non-Notification Collection Factoring Agreement | To meet working capital needs |
| Second Avenue Capital Partners, Funds of Ares Management | Aaron's | Lease-to-Own | Lender | N/A | Financing Solution | To provide for a smooth transition from public to private ownership |
| Siena Lending | HandsFree Labs/Kizik Design | Footwear | Lender | $30.0 | Senior Secured Credit Facility | To support rapid growth |
| SLR Digital Finance | Streaming Platform | Entertainment | Lender | $40.0 | Senior Secured Credit Facility | To support working capital needs and continued growth |
| Stone Point Credit | Leo Berwick | Tax/Financial Advisory | Lender | $75.0 | Credit Facility | To accelerate M&A and growth |
| Tiger Capital Group | Wholesale Furniture Manufacturer | Wholesale/ECommerce Furniture Manufacturing | Lender | $27.5 | Revolving Line of Credit | To support acquisition and growth across multiple sectors |
| Trinity Capital | Wisetack | Home Services | Lender | $25.0 | Growth Capital | To continue to scale operations and fund growth initiatives |
| Wells Fargo | Chomps | Snack Food | Lenders | $100.0 | Revolving Line of Credit | To expand production capacity and support growth initiatives |
| White Oak Commercial Finance | US-based Energy Services Company | Energy | Lender | $125.0 | Asset-Based Revolving Credit Facility | To enhance financial flexibility |
Other Dealmaker Categories
Advertiser Index
- Arch + Beam
- Ares Commercial Finance
- Asset Based Lending Consultants
- Avant Advisory
- Blank Rome, LLP
- Choate Hall & Stewart LLP
- Equify Financial
- Finsoft
- First Citizens Bank/CIT Commercial Services
- FTI Consulting
- GA Group
- Gordon Brothers
- Great Rock Capital
- Haversine Funding
- Legacy Corporate Lending LLC
- Mitsubishi HC Capital America
- Mountain Ridge Capital
- MUFG
- Northleaf Capital Partners
- Novo Advisors
- Parker, Hudson, Rainer & Dodds LLP
- Phoenix Management Services, a J.S. Held Company
- PKF O’Connor Davies
- PNC Bank
- Porter Capital
- Raistone Capital
- Republic Business Credit
- Setpoint
- Solifi
- SSG Capital Advisors
- TD Bank
- The Branford Group
- Thompson Coburn LLP
- Tiger Group
- TimeValue Software
- Wells Fargo
- White Oak Commercial Finance
