News

MidCap Financial Investment has amended and extended its senior secured, multi-currency, revolving credit facility. Lender commitments under the facility total $1.610 billion, a decrease of $50 million. The final maturity date under the facility was extended from Oct. 17, 2029,...

First Brands Group, a global supplier of aftermarket automotive parts, has received approvals from the United States Bankruptcy Court for the Southern District of Texas for its “first day” motions related to the Company’s Chapter 11 cases for its U.S....

First Business Bank’s asset-based lending team recently closed and funded $15 million revolving line of credit to fund the acquisition of a distributor of communications and payment systems through a corporate divestiture transaction. “We’re pleased to support our client's second...

JPalmer Collective (JPC), an asset-based lending firm dedicated to funding high-growth, women-led, and natural products companies, added Frank Nicoletta as head of underwriting. Nicoletta brings more than a decade of experience in asset-based lending (ABL), with deep expertise in underwriting,...

Alliance Entertainment, a distributor and omnichannel fulfillment partner to the entertainment and pop culture collectibles industry, closed a new $120 million senior secured revolving credit facility with Bank of America. The five-year facility replaces Alliance’s previous asset-based lending (ABL) facility...

Arra Finance, a subprime indirect auto finance company, finalized its acquisition of the auto finance division of Crescent Bank and increased its funding capital sources. Arra’s acquisition of Crescent Bank’s auto finance division closed on Sept. 15. The transaction also...

Pagaya Technologies, a global technology company delivering AI-driven product solutions for the financial ecosystem, has amended and expanded its existing revolving credit facility to $132 million, more than doubling the prior $58 million facility. The expanded facility significantly reduces Pagaya’s...

LiftHigh Crane & Rigging has secured a revolving credit facility with Cadence Bank. This new financing provides additional liquidity and marks a milestone in the company’s continued growth and expansion. “From the beginning, Cadence was very pleasant to work with...

Global law firm Norton Rose Fulbright continues to grow its business practice group with the addition of corporate finance partner Chip Gage in Dallas. With more than 30 years of experience, most recently at Winston & Strawn, Chip represents private...

Wintrust Financial appointed two new members to its board of directors — Laura Kohl, chief information officer of Morningstar and David Richter, managing director of GCM Grosvenor — effective Oct. 1, 2025. Kohl has extensive global business and technology expertise,...