News

Whitestone REIT, through its operating partnership, Whitestone REIT Operating Partnership, has amended, expanded and extended its $750 million credit facility, comprised of a $375 million revolver and $375 million term loan. The revolver is scheduled to mature in September 2029...

Hugh Swandel, president of Meridian OneCap Credit, has been named the new chair of the Canadian Finance & Leasing Association (CFLA-ACFL). The announcement was made on Thursday, Sept. 18 at CFLA’s 2025 annual conference, held in Winnipeg, Manitoba. The role is a...

Assembled Brands, a  financing partner for high-growth consumer brands, is celebrating a landmark summer by announcing the successful closing of seven new credit facilities. These strategic partnerships underscore the firm's founder-first approach, providing entrepreneurs with the flexible, non-dilutive financing they...

Sallyport Commercial Finance closed a $2 million accounts receivable financing facility for a provider of turnkey furniture and fixtures for the education sector. Referred to Sallyport via its parent company, the client was seeking a solution to bridge seasonal cash...

The Asset Based Lending Institute (ABLI)’s professional training programs have experienced steady year-over-year growth in enrollments. “ABLI was founded with a mission to equip lending professionals with practical, high-quality training that supports stronger credit decisions and more effective risk management,”...

Luke Barrett joined Choate as a principal in the firm’s finance and restructuring group. Barrett will advise clients on a wide range of restructuring, bankruptcy and insolvency matters, including large Chapter 11 cases and complex out-of-court restructurings. Barrett has extensive...

Vivek Chandrasekhar, a former lawyer with the U.S. Department of the Treasury’s Office of Tax Policy, joined Perkins Coie’s tax and environment, energy and resources practices as a partner in Washington, D.C. Chandrasekhar, who helped develop guidance for energy projects...

Crescent Capital Group, an alternative credit investment firm, hired Juan Grana as managing director to head the firm’s bank capital solutions team focusing on credit risk-sharing transactions. In addition, Doran Chernichen will also be joining the bank capital solutions team...

Davis Polk added Oran Ebel as a partner in the investment management practice in New York. He joins the firm after more than 12 years with Blackstone Credit & Insurance. “Oran is a sophisticated credit funds lawyer with significant experience...

Fed rate cut provides modest relief as ABL market adapts to shifting dynamics The Federal Reserve's 25 basis point rate cut to 4.00%-4.25% on September 17 marked the central bank's first reduction in nine months, providing modest relief to asset-based...