News

NeuroPace, a medical device company focused on transforming the lives of people living with epilepsy, entered into a new $75 million credit facility with MidCap Financial, consisting of a $60 million term loan and a $15 million revolving credit facility....

Starwood Capital Group, a global private investment firm, closed its latest private credit-focused vehicles: Starwood Real Estate Debt Strategies U.S. (SREDS), Starwood European Real Estate Debt Finance II (SEREDF II) and Starwood Australian Real Estate Debt Finance Trust I (SAREDF). Together with related...

Vera Therapeutics, a late clinical-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases, entered into a new credit facility providing for up to $500 million of term loans with its current partner Oxford...

FGI Worldwide, a company in the commercial finance industry, hired Jennifer Zimmerman as director of client onboarding and success for FGI Tech. Zimmerman will lead worldwide client success efforts for TRUST, FGI Tech’s credit insurance management software. Zimmerman has over...

Elevex Capital, an independent commercial equipment finance company, secured two distinct credit facilities from lending partners Wells Fargo and Woodforest National Bank. The capital unlocks Elevex’s ability to execute on its robust pipeline of lending opportunities and positions the company...

Global professional services firm Alvarez & Marsal (A&M) appointed Roger Weems as a managing director in the firm’s healthcare industry group, within its health systems practice. Weems’ joining advances A&M healthcare industry group’s ability to support hospitals and health systems...

Equify Business Funding funded two new working capital relationships: A $5 million asset-based credit facility to a thermal and metallurgical coal distributor based in the Appalachian region The client was financing operations through internal cash flow and utilized Equify Business...

MidCap Financial, a commercial finance company focused on middle market transactions, provided a $90 million senior secured credit facility to Everde Growers. Proceeds from the credit facility were used to finance the acquisition and exit from bankruptcy as well as...

Commercial chapter 11 filings totaled 733 in May, an increase of 62% over the 453 filings in April, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. The overall May commercial filing total of 2,695...

SLR Credit Solutions, a provider of direct private credit solutions for middle market businesses, added Taylor Stewart as director of originations. With over 12 years of industry experience, Stewart brings deep expertise in originating, structuring and underwriting asset-based and cash...