News

GridStor, a developer and operator of utility-scale battery energy storage systems, closed a $50 million letter of credit with NORD/LB in support of its development goals. “We are proud to continue our partnership with NORD/LB as we develop battery energy...

Global professional services firm Alvarez & Marsal (A&M) has strengthened its healthcare industry group with the addition of managing directors Seth Ciabotti and Christopher Smedley and senior director Elizabeth Gonzales in its hospital and health systems practice. “As federal funding...

Honigman added Tricia Collins as a partner in its Grand Rapids office. Collins, who joins Honigman after nearly a decade at Kirkland & Ellis, is the most recent addition to the firm’s corporate department and commercial transactions group. “Tricia will...

ORIX USA completed the acquisition of a majority equity ownership of Hilco Global. Hilco Global will operate as a subsidiary of ORIX USA. The Hilco Global executive leadership team will retain a minority equity ownership position going forward. As part...

First Citizens Bank’s energy finance business provided a $60 million credit facility to Triple Oak Power, a U.S.-based renewable energy developer focused on developing sustainable energy plants. This new credit facility will be used to provide interconnection security postings for...

The number of distressed small businesses electing to file for subchapter V of chapter 11 of the U.S. Bankruptcy Code increased 17% to 200 last month from the 171 registered in August 2024, according to data provided by Epiq AACER,...

Benefit Street Partners, a credit-focused alternative asset manager with strategies spanning the credit spectrum, closed a $2.3 billion private credit continuation vehicle, BSP Debt Fund IV CV. This transaction was led by Coller Capital. BSP Debt Fund IV CV was...

Oak Hill Advisors (OHA), a global credit-focused alternative asset manager, closed the third vintage of its CLO equity fund, OHA CLO Enhanced Equity Fund III (OHCEE III), with total equity commitments of $1.1 billion. These commitments will enable OHA to deploy...

Amerisource Business Capital closed a $7 million senior credit facility to support an industrial printing company. The financing was used to facilitate an acquisition and provide working capital to support ongoing operations and growth. “This funding is a great example...

Eastern Bank is providing a line of credit and full suite of treasury management services to Genuine Food Lab. “Genuine Foods is a leading, national purpose-driven food service company focused on wellness and the highest quality hospitality,” said Greg Buscone,...