News

MidCap Financial added Jack Penzi as managing director of originations for the ABL team. Penzi will be based in New York city and will originate and underwrite revolver and term loan credit facilities from $10 million to $500 million for...

TAB Bank closed a $30 million asset-based lending (ABL) facility with Artur Express, a nationwide transportation and logistics company based in Missouri. TAB Bank provided $15 million in funding for the facility, with an additional $15 million through participations. This...

Canadian entrepreneurs are heading into the final few months of 2025 and cite mounting financial pressure due to rising costs, slowing demand, and a lack of confidence in their credit know-how, according to new research from Equifax Canada. Equifax Canada...

America’s Car-Mart closed a new five-year, $300 million funded term loan facility provided by funds managed by Silver Point Capital. In connection with this transaction, the company fully repaid the outstanding balance under its asset-backed line of credit (ABL), simplifying...

Flow Traders, a global trading firm providing liquidity in multiple asset classes across all major exchanges, closed on a $200 million private credit facility (PCF) and a $75 million revolving credit facility (RCF) co-led by leading global asset managers Benefit...

Ares Management has entered into a definitive agreement to acquire the entire outstanding share capital of BlueCove, a London-based systematic fixed income manager. Financial terms were not disclosed. The transaction is expected to close in Q1/26, subject to customary closing...

First Citizens Wealth appointed Erin McCaskill as director and Atlanta market leader. Based in Atlanta, she reports to Ethan Van Eck, senior director of regional wealth, and will lead a First Citizens team of wealth consultants. McCaskill is responsible for...

Capital Advisors Group, an independent SEC-registered investment advisor specializing in institutional cash investments, risk management and debt finance consulting, added Jeff Griffor as managing director. Griffor’s addition will help to bolster the firm’s origination and debt placement advisory efforts, as he will...

Bridger Aerospace Group, an aerial firefighting company, secured a new senior secured facility of up to $331.5 million led by Bain Capital’s private credit group. In addition, the company finalized its previously-announced sale-leaseback of its Bozeman Yellowstone International Airport campus...

Flatiron Energy closed on an expansion of its existing $125 million credit facility closed in 2024 with certain funds and accounts managed by HPS Investment Partners, bringing the total facility size to $250 million. The company will utilize the credit...