News

B. Riley Financial, a diversified financial services company, entered into an amendment to its senior secured credit agreement with funds managed by Oaktree Capital Management. The amended term loan facility provides incremental flexibility, including a new investment basket that enables...

Reckoner Capital Management, a global asset management firm with specialized expertise in alternative credit, launched the Reckoner Leveraged AAA CLO ETF (NYSE: RAAA), a levered AAA CLO ETF. “While the CLO ETF market has grown significantly as institutional and retail...

SLR Credit Solutions served as joint lead arranger for a $550 million senior secured credit facility, which is supported by a first lien on working capital assets, for Wilbur-Ellis, a manufacturer and supplier of agriculture and food systems products. Management’s...

Deloitte’s latest CFO Signals report, a quarterly gauge of the sentiment of finance leaders in North America, shows a marked decline in optimism across a number of fronts. Released July 8, the Q2/25 survey dashboard highlights increased caution among CFOs...

Flagstar Bank, a subsidiary of Flagstar Financial, expanded its specialized industries group. This group comprises 12 distinct industry verticals, each focused on serving the debt finance and banking needs of a specific sector. The specialized industries group, led by Adam...

TerrAscend, a North American cannabis company, together with certain entities that are consolidated by the company, closed on an upsize to its senior secured syndicated term loan of $79 million, $68 million of which were used to retire existing indebtedness...

KULR Technology Group, a Bitcoin-first, global company in sustainable energy management, secured a $20 million credit facility with Coinbase Credit, a subsidiary of Coinbase Global. The agreement establishes a multi-draw loan facility initially totaling up to $20 million, which will...

As National Business Capital (NBC) continues to scale across key markets, the company hired Lorraine Julius as director of institutional partnerships. With decades of experience in financial services from Bank of America, Mission Valley Bank, US Bank and eCapital, Julius...

Akin added Sarah Milam as a finance partner in New York, focused on asset-based finance (ABF), securitization and structured finance transactions. Milam adds to Akin’s capital solutions platform, bringing deep experience representing sponsors, credit funds, issuers and borrowers in ABF...

Global professional services firm Alvarez & Marsal (A&M) appointed Zack Shah as a private equity performance improvement (PEPI) group managing director co-leading its education and edtech advisory practice alongside managing director Vadim Tsysin. “The education sector is undergoing dramatic transformation,...