News

Mercuria Energy Trading closed its $3.5 billion multicurrency revolving credit facilities. Mercuria mandated Crédit Agricole Corporate and Investment Bank, Coöperatieve Rabobank, ING Bank, Natixis, Société Générale, UBS Switzerland, UniCredit Bank, Bank of China (London branch), Emirates NBD Bank (London branch), First Abu Dhabi Bank, Industrial...

UMB Financial, a financial services company, will redeem all outstanding shares of the company’s 7.00% fixed-rate reset non-cumulative perpetual preferred stock, Series A, $0.01 par value per share. All 11,500 outstanding shares of the Series A preferred stock will be...

Triumph Financial launched its evolved brand identity and tagline, Triumph. The move brings together its transportation-focused brands — TriumphPay, Triumph Factoring, ISO and Triumph Financial — under a single brand name. “While we’ve operated under multiple brand names, the industry...

Lafayette Square provided debt and equity capital to support Mosaic Capital Partners’ investment in IE Group Holdings, a San Diego-based electrical contractor serving mission-critical industries, through a newly formed employee stock ownership plan (ESOP). “Since our founding, Ickler’s success has...

eCapital, a technology-enabled leader in specialty finance for small and medium-sized businesses across North America and the UK, renewed and upsized its subsidiaries’ asset-based lending facility. The renewed facility has a three-year term and maximum commitments increased from $987 million...

Benefit Street Partners, a credit-focused alternative asset management firm and a subsidiary of Franklin Templeton, has closed on $500 million in total equity commitments for its third captive U.S. CLO equity fund, BSP CLO Equity III. This fund gives BSP...

In a year marked by heightened geopolitical tensions, the AlixPartners 2025 Turnaround and Transformation Survey reveals that companies already experiencing financial or operational duress are bearing the brunt of the disruption. The survey shows an economic landscape fraught with challenges....

Hercules Capital, a specialty finance provider to innovative venture, growth and established stage companies, upsized and renewed its existing $400 million credit facility with MUFG Bank, with an upsized credit facility under which Goldman Sachs Bank USA, Autobahn Funding Company,...

Janus Henderson released its Market GPS Investment Outlook, Mid-Year 2025. EQUITIES Proactive Positioning: Maximizing Volatility-Induced Entry Points Periods of economic transition have historically widened dispersion of stock returns, and 2025 has been no exception. Though the year began with economic...

TPG Twin Brook recently served as administrative agent on debt financing to support: Shore Capital Partners’ facility upsize of Courser, an IT managed service provider primarily serving small and medium sized businesses with outsourced IT services including managed IT infrastructure,...