News

New research from Principal finds the Principal Financial Well-Being Index at 6.02 out of 10, down sharply from 7.8 in November 2024, and the lowest level recorded since November 2020. The Index is scored on a 0 to 10 scale, where...

Lincoln Financial and Bain Capital closed their previously announced long-term strategic partnership agreement. The partnership was first announced by Lincoln and Bain Capital on April 9, 2025, and includes an $825 million strategic growth investment from Bain Capital, which acquired...

Onyx Renewables, a provider and owner of localized clean energy solutions, closed a $260 million credit facility to support the growth of Onyx’s portfolio of distributed energy projects across the United States. The senior secured facility, which may be increased to $350 million, is...

US Capital Global Securities, the SEC-registered broker-dealer division of the global private financial group US Capital Global, acted as lead advisor and facilitator on a project finance facility of up to $50 million for Charbone Hydrogen. The financing is being...

Castlelake, a global alternative investment manager with 20 years of experience investing in asset-based private markets, agreed to provide a new £95 million facility to Equifinance, a specialist second charge mortgage lender. The financing will support Equifinance’s origination of second...

The NORDAM Group repaid the remaining outstanding principal amount of its Term Loan B issued on April 9, 2019. The instrument was refinanced by the issuance of a new $225 million private credit term loan, due 2031. The new term...

Clarus Capital, a private credit firm specializing in equipment finance solutions, closed a $25 million equipment loan facility for a privately held waste transportation provider. Immediate financing proceeds supported the acquisition of new waste collection vehicles deployed to service recently...

Global law firm Greenberg Traurig has grown its corporate private funds group with the addition of Daniel F. Rayner as a shareholder in the New York office. He joins the firm from Clifford Chance. Rayner focuses his practice on the...

Franchise Group successfully completed its financial restructuring process and emerged from Chapter 11 as a streamlined company with a significantly deleveraged capital structure and enhanced liquidity. The company’s plan of reorganization was confirmed by the U.S. Bankruptcy Court for the...

Backblaze, a cloud storage innovator providing a modern alternative to traditional cloud providers, closed a senior secured revolving credit facility in an aggregate principal amount of up to $20 million, of which an aggregate amount of up to $3 million...