News

SouthStar Capital funded a $5 million accounts receivable financing facility for a growing commercial construction company operating in the Midwest. With projects billed on progress schedules and customer payment terms extending beyond payroll cycles, the business required a flexible working...

Herbert Smith Freehills Kramer elected William Cavanagh, Darina F. Delappe, Nicole Fenton, John Lagrou and Megan M. Wasson to the firm’s partnership in the United States. All five are based in New York. “This has been a pivotal year following...

Lendmark Financial Services, a provider of personalized loan solutions, continues its strategic expansion in Florida. Since announcing its growth plans in June, the company has now opened six branches in Florida after adding St. Augustine and West Melbourne to its...

InvestiFi, a provider of digital investment solutions for community financial institutions, has partnered with Thinkwise Credit Union to integrate its suite of digital investing tools directly into the credit union’s online and mobile banking platforms. This collaboration will enable members...

Cloudsquare, a provider of Salesforce-native lending solutions, completed the digital transformation of Fundr, a growing financing provider. By migrating to Cloudsquare’s automated platform, Fundr has achieved a 3x increase in daily application processing capacity and a 2x increase in monthly...

Siena Lending Group closed a $60 million asset-based credit facility for Taskmaster Components, a provider of cargo and utility trailer tires, wheels, components and assemblies to OEMs, distributors and dealers across North America. “Taskmaster Components is pleased to participate in...

Victory Park Capital (VPC), a global alternative investment firm specializing in private credit, closed a new warehouse facility of just over $283 million with Zip, a digital financial services company offering people-centered products. The facility, arranged in partnership with ATLAS...

Spirit Aviation, the parent company of Spirit Airlines, reached an agreement with its senior secured noteholders to amend its debtor-in-possession (DIP) credit agreement. The amendment provides for the previously agreed third funding round of an incremental $100 million. Minus OID,...

Marathon Asset Management, a global credit manager with more than $24 billion of assets under management, closed a junior capital financing to EXALTA Group, a portfolio company of Montagu. Marathon led the financing that supported the formation of EXALTA through...

Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a $6 million revolving line of credit to Arocam Sports, a Massachusetts-based operator of youth sports apparel, footwear, and equipment businesses....