News

Sterling Infrastructure requested and received an amendment to its 2019 credit agreement that extends the maturity of the credit facility to June 2028, expands the size of the facility and improves flexibility. The amended credit facility consists of a $300 million term loan...

Horizon Technology Finance, an affiliate of Monroe Capital and a specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed and publicly traded companies in the technology, life science, healthcare information...

Austin Financial Services (AFS) closed a $9 million accounts receivable and inventory revolver facility for an online retailer of consumer products. The facility was used to pay down higher-cost debt and is providing the company with the capital needed to...

In November 2023, Cortland provided a GBP 35 million revolving credit facility to a higher education provider, aiding its growth trajectory by supporting working capital needs and supporting strategic acquisitions. The facility was structured as an asset-based loan (ABL) underwriting future...

KBRA released its Business Development Company Ratings Compendium, which looks at results for Q1/25, ended March 31, 2025. In Q1/25, business development companies (BDC) demonstrated continued resilience and caution amid an uncertain operating environment marked by high base rates, tighter...

Specialist bridging lender Hilco Real Estate Finance (HREF) has completed a £8.25 million loan facility to a Northwest-based property investor secured against a former hotel located in South Manchester. The loan is secured against the property, which is currently used...

Boston-based accounting and advisory firm Tonneson + Co will join Plante Moran, an audit, tax, consulting and wealth management firm, effective July 1, 2025. This combination marks a milestone in Plante Moran’s continued expansion along the east coast. “We’re excited...

TRU Federal Credit Union has unveiled a new digital investment platform through a strategic partnership with InvestiFi. This collaboration brings securities, cryptocurrency and guided investing solutions directly into TRU FCU’s digital banking experience. “Adding an investment option for our members...

Rick Nowak rejoined Mayer Brown as a partner in its litigation and dispute resolution practice in Chicago. Nowak, an experienced trial lawyer and nationally recognized Employee Retirement Income Security Act (ERISA) litigator and former co-chair of the ERISA Litigation practice,...

The Federal Reserve's measured approach to monetary policy dominated the middle market debt landscape this week, as Chair Powell maintained the central bank's cautious stance amid economic uncertainty and heightened trade policy volatility. Friday's May employment report showed resilient job...