News

B. Riley Securities, a full-service investment bank, served as joint bookrunner in the $45 million underwritten offering of 7.75% notes due 2031 for Runway Growth Finance. Net proceeds from the offering will be used to repay outstanding indebtedness, which includes...

Pathward promoted Lawrence “Larry” Ridgway to senior managing director of business development for the working capital team. In his new role, Ridgway leads a team originating and structuring asset-based transactions to lower and middle-market companies. “Larry has been a driving force...

Dechert added Jason Gott as a partner in its financial restructuring practice, based in Chicago. Gott’s arrival bolsters Dechert’s restructuring presence in Chicago and deepens the firm’s borrower-side bench nationally. “We are thrilled to welcome a restructuring lawyer of Jason’s...

CohnReznick, a professional services firm, added Tyler Hendry as a partner in its private equity value creation practice. Based in Tampa, Hendry works with private equity sponsors and management teams to build strong finance functions, improve cash flow and execute...

WSFS Financial appointed Charles “Chuck” Mosher as executive vice president, chief audit executive, and promoted Lisa Washington to executive vice president, chief legal officer and corporate secretary, effective immediately. Mosher and Washington are both experienced members of the WSFS senior...

Blue Bird, a company in low and zero emission school buses, closed a new $600 million senior secured credit facility. The new facilities replace the company’s existing $250 million facilities and extend the maturity from November 2028 to September 2031....

Rocket Pharmaceuticals, a fully integrated, commercial-stage biotechnology company advancing genetic medicines for rare and life-threatening diseases, focused on inherited cardiovascular disorders, entered into a credit facility agreement with Hercules Capital for up to $150 million. The facility strengthens Rocket’s financial...

First Citizens Bank launched First Citizens Innovation Banking, its division dedicated to serving the innovation economy in the U.S. and internationally. The company is also launching First Citizens Fund Banking to support its large portfolio of private equity and venture...

SLR Business Credit (SLRBC) closed a $10 million senior secured asset-based credit facility to Markstein Sales. The facility is secured by the company’s accounts receivable and inventory. Proceeds from the transaction will be used to support ongoing working capital requirements...

Mountain Ridge Capital (MRC), an asset-based commercial finance company, hired Sean Spring as executive vice president of underwriting. Spring brings over 30 years of asset-based lending experience, having originated, underwritten, closed and managed hundreds of transactions in support of refinancings,...