Bank of America Extends ABL Facility for Kraton by $50MM
Bank of America increased Kraton’s asset-based revolver by $50 million and extended the maturity date from January 2023 to December...
Forward for Specialty Finance
Fifth Third Bank Names Eck and Stapel Heads of ABL Group
Fifth Third Bank appointed Greg Eck and William Stapel as senior vice presidents and heads of the asset-based lending group.
CIT Serves as Sole Lender on $25MM Revolving Credit Facility for KMS
CIT’s asset-based lending and sponsor finance businesses served as agent and sole lender on a $25 million revolving credit facility...
Siena Provides $25MM ABL for Pelican’s Acquisition of Vault Pressure Control
Siena Lending Group provided a $25 million asset-based revolving line of credit for Pelican Energy Partner’s acquisition of Vault Pressure...
Former U.S. Congressman Ford Jr. Joins PNC Corporate and Institutional Banking
Harold Ford Jr. assumed the role of vice chairman of corporate and institutional banking (C&IB), reporting to Michael Lyons, head...
Loeb Introduces New Line of Credit Option Based on Clients’ Equipment Values
Loeb’s new line of credit option allows clients to leverage the value of their machinery as collateral to gain financial...
TAB Bank Provides $8MM Revolving Credit Facility to Commodity Brokerage Firm
TAB Bank provided an $8 million asset-based revolving credit facility for a commodity brokerage firm based in Texas. The firm...
Versant Funds Non-Recourse Factoring Facility for Electric Bike Distributor
Versant Funding funded a non-recourse factoring facility to a distributor of electric bicycles and scooters, which sells primarily through e-commerce...
Pathlight Capital Provides $150MM Term Loan Facility to HBC
Pathlight Capital provided a $150 senior secured term loan facility for HBC, a holding company of portfolio businesses operating at...
First Eagle Investment Management Launches Alternative Credit Interval Fund
First Eagle Investment Management launched First Eagle Credit Opportunities Fund, a multi-sector portfolio investing primarily in private and public credit...
