News

Spirit Aviation, the parent company of Spirit Airlines, reached an agreement with its senior secured noteholders to amend its debtor-in-possession (DIP) credit agreement. The amendment provides for the previously agreed third funding round of an incremental $100 million. Minus OID,...

Marathon Asset Management, a global credit manager with more than $24 billion of assets under management, closed a junior capital financing to EXALTA Group, a portfolio company of Montagu. Marathon led the financing that supported the formation of EXALTA through...

Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a $6 million revolving line of credit to Arocam Sports, a Massachusetts-based operator of youth sports apparel, footwear, and equipment businesses....

First Horizon Bank added Justin Rutledge as Charlotte market president. He will report to Laura Bunn, Mid-Atlantic regional president for First Horizon Bank, and will lead market strategy and execution in Charlotte with a focus on client growth, associate engagement...

The Small Business Investor Alliance (SBIA) appointed Seth Friedman, managing director of Abacus Finance Group, to its board of governors. Friedman will serve as the Northeast Regional Chair, representing the interests of small business investment companies throughout the region. “I’m...

PlainsCapital Bank added Tina Hicks to The Private Bank at PlainsCapital as vice president, senior wealth management administrator. She will be based at PlainsCapital’s Fort Worth location. In her new role, Hicks will oversee and administer complex trust, investment agency,...

Republic Business Credit provided a $750,000 factoring facility to an emerging footwear manufacturer. Republic’s traditional factoring product and credit protection services will support the company’s working capital needs and growth strategy while protecting it from credit risk. The company sought...

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of SDG Corporation (SDG) by private equity sponsor Recognize Partners. Headquartered in Norwalk, CT, SDG is a leading...

SouthStar Capital funded a $250,000 accounts receivable financing facility for a growing telecommunications services company. A new contract with a regional broadband provider operating on extended payment terms created a need for additional working capital to support ongoing payroll and...

Rony Rodriguez, tax partner and national leader in REIT tax services for CohnReznick’s commercial real estate practice, has been named an LA Times Studios 2025 Commercial Real Estate Visionary. The list recognizes top executives who are transforming commercial real estate across Southern...