News

Encina Private Credit served as term loan lender for a management-owned company operating in the datacenter critical components manufacturing space. Encina’s $50 million first-out commitment as part of a $100 million senior secured credit facility will be used to buy...

McGrath RentCorp, a business-to-business rental company in North America, completed a $725 million credit facility with a syndicate of banks. The five-year facility matures on May 8, 2031, and replaces the company’s existing $650 million line of credit. Bank of America...

Ripple, a provider of blockchain-based enterprise solutions across traditional and digital finance, closed a $200 million debt facility from funds managed by Neuberger Specialty Finance, the dedicated asset-based investment team within Neuberger, a global investment management firm. The facility will...

Sezzle, a digital payment platform, secured a new $300 million receivables funding facility with Mesirow Alternative Credit (f.k.a. Bastion), which will serve as both lender and administrative agent. The new facility doubles the company’s original $150 million committed facility established...

Guitar Center has amended its existing asset-based lending facility. The amended facility maintains total commitments of $375 million, reduces borrowing costs, relaxes certain minimum availability covenants and extends the maturity date from Dec. 31, 2027 to the earlier of May...

KCP’s Group, a restructuring and advisory firm, added Jennifer Meyerowitz as senior managing director and general counsel. In this role, Meyerowitz will advise clients on complex restructurings, distressed transactions and operational turnarounds, while also overseeing the firm’s legal strategy and...

As part of its continued investment in its tax practice, EisnerAmper has named tax partner Ramya Bala its global tax technology leader. In this newly created role, Bala will oversee global tax technology and artificial intelligence (AI) strategy, establish governance...

Culain Capital Funding closed and funded a $5 million accounts receivable and inventory financing facility for a growing U.S.-based frozen food company specializing in fruit and vegetable products sourced from farms across the United States. The company distributes its products...

Assembled Brands closed a new senior credit facility for STEPR, a pioneer of the compact, connected stair climber. This partnership provides the strategic funding required to support the brand’s transition from digital to omnichannel. The non-dilutive solution allows the company...

Byline Sponsor Finance (BSF), a division of Byline Bank, provided financing to North Branch Capital’s existing portfolio company Diversified Fall Protection (DFP). BSF was represented by Duane Morris. Midwest Mezzanine Funds (MMF) also provided subordinated debt to support the recapitalization....