News

Independent Bank Corporation, the holding company of Independent Bank, promoted Mike Stodolak to executive vice president, retail banking. Most recently, Stodolak was the senior vice president, market president at Independent Bank. Russ Daniel, the current executive vice president, retail banking,...

A new Raymond James survey of more than 500 owners of privately held businesses asked how they’re approaching their livelihoods, their futures and the places where the two intersect. The resulting data reveals the coming need for a comprehensive wealth...

AAON, a company in energy-efficient HVAC solutions, exercised the accordion feature on its existing revolving credit facility, increasing the company’s available borrowing capacity to $600 million. This strategic move provides additional financial flexibility to meet accelerating customer demand and support...

On Dec. 23, VSE, a provider of aviation aftermarket distribution and repair services, completed its previously announced acquisition of Aero 3, a diversified global maintenance, repair and overhaul service provider, from GenNx360 Capital Partners, a New York-based private equity firm....

Silver Point Capital has acquired a controlling interest in the claims of Onset Financial and certain of its funding partners against First Brands Group and certain of its affiliates. Terms of the transaction were not disclosed.

Heron View Partners (HVP), a private equity platform and investment firm specializing in global middle market investments, has commenced operations as a standalone entity under the purview of Hong Kong-based holding company Pacific Century Group (PCG). HVP is the continuation...

Alvotech, a global biotechnology company, secured a $100 million senior term loan facility with maturity in December 2027 aimed at strengthening liquidity and supporting the execution of Alvotech’s strategic priorities in 2026. “This USD 100 million financing underscores the long-term...

America’s Test Kitchen (ATK), a multi-platform, culinary media brand, entered into an agreement for the acquisition of certain assets of Food52, a food, media and lifestyle brand, through a court-supervised bankruptcy process. Food52 has filed a voluntary petition for Chapter...

Celtic Capital provided a $750,000 accounts receivable line of credit and a $516,200 equipment loan to meet the needs of its newest client, a South-Central United States manufacturer of eyeglass lenses. This company was seeking financing to pay off a...

Kodiak AI, a provider of AI-powered autonomous driving technology, completed the establishment of a new debt facility with Horizon Technology Finance, as noted in a Form 8-K that was filed with the SEC. Compared to Kodiak’s previous debt facility, the...