News

Cresco Labs closed its previously announced refinancing of the company’s senior secured credit facility. The new $325 million senior secured term loan bears an interest rate of 12.5% per annum and matures on Aug. 13, 2030. It replaces the company’s...

Lighthouse Financial completed a $5 million revolving line of credit to a Florida-based manufacturer and distributor of steel products. After being profitable historically, the company incurred losses due to a downturn in the construction industry related to increased interest rates...

Great Elm Capital, a business development company, entered into an amendment to its revolving credit facility with City National Bank (CNB) to, among other things, increase the borrowing capacity under the revolving credit facility from $25 million to $50 million....

Riley Securities (BRS), a middle market investment bank, served as lead left bookrunner for WhiteFiber in its upsized initial public offering (IPO) of 9.375 million ordinary shares at a price of $17.00 per share. The offering closed on Aug. 8,...

Civista Bancshares promoted Robert L. Katitus to senior vice president and chief lending officer. In this role, Katitus will serve as a member of Civista’s executive leadership team and will report directly to Charles A. Parcher, president of Civista Bank. Katitus succeeds Parcher as...

SouthStar Capital funded a working capital facility for a start-up staffing agency. The $250,000 facility is secured by receivables from established B2B clients and is structured to align with the agency’s weekly billing and payroll cycles. It provides immediate access...

Northwest Sponsor Finance, a division of Northwest Bank, a full-service financial institution, provided sponsor financing to support Littlejohn Capital’s acquisition of 3P Processing, a company in the aerospace industry. “We are excited to be able to partner with the team at...

XEN, a loan management platform for commercial lenders and factors, partnered with Creditsafe, a global expert in credit monitoring and risk management. Through the partnership, Creditsafe’s credit risk data will integrate into XEN’s platform, a move designed to allow lenders...

First Business Bank’s floorplan financing group funded a $5 million inventory floorplan line of credit with an established multi-location automotive dealership in Texas. The dealer made the strategic decision to move its floorplan financing from a small local bank that...

CohnReznick, a professional services firm, has been ranked as the No. 9 construction accounting firm on the Construction Executive Top 50 list. This marks CohnReznick’s fifth consecutive top 10 ranking. “With a 100-year history in the construction industry, we are focusing today...