News

Culain Capital Funding closed and funded a $4.5 million accounts receivable financing facility for a Texas-based manufacturing company specializing in precision machining and advanced component manufacturing. As the client’s operations and customer base expanded, management sought working capital beyond the...

First National Capital, a large independent provider of capital equipment and project financing in North America, released The Unclaimed Dividend, a cross-sector research report examining how mid-sized and large companies are using the capital investment provisions of the One Big...

Gordon Brothers, the global asset experts, appointed Berta Escudero as senior managing director, international retail. In this expanded leadership role, Escudero will lead and originate retail engagements across key international growth markets, including Latin America, with a particular focus on...

Managing directors Conway Dodge and Michael Sullivan and director Richard Patterson have joined BRG’s financial institution advisory (FIA) practice. Based in Washington, D.C., the three are part of BRG’s dedicated markets compliance group serving broker-dealers, investment advisers, swap dealers and...

Cascadia Capital, an independent investment bank serving middle-market organizations, added Burke Smith as a managing director leading its transportation and logistics practice. Based in Austin, Smith brings more than two decades of investment banking and operating experience across the sector....

B. Riley Securities, a full-service investment bank, added Michael Masiuk to its investment banking team as managing director, based in New York. Masiuk expands B. Riley Securities’ growth and private capital, M&A advisory and proprietary deal origination capabilities, deepening coverage...

Post Road Equipment Finance (PREF) closed a $40 million capital lease facility for a U.S. producer of prepared protein products, with PREF serving as lead arranger. The transaction was structured as a sale leaseback of new and existing production equipment,...

The week’s defining secured-lending story was the structure of Leslie’s, Inc.’s $225 million debtor-in-possession asset-based revolver, approved on an interim basis on October 1 at Term SOFR plus 325 basis points with a creeping roll-up of the prepetition ABL, while...

Legacy Corporate Lending, a specialty asset-based lender, appointed Anthony Masci as chief risk officer. Based in New York, Masci joins Legacy’s executive management team as the firm continues to grow its diversified ABL platform. He will work closely with the...

Pivot Energy, an impact-focused independent power producer of distributed-scale solar and energy storage, closed a $173 million term loan facility for a portfolio of 51 community-scale solar projects totaling 135 Megawatts (MWdc) across six states. Long-time financial partners First Citizens...