News

WASHINGTON, D.C., ATLANTA, and MIAMI, April 7, 2025 ― Duane Morris LLP has announced that Andrew M. Tucker and Rebekah D. McCorvey have joined as partners in the firm's Corporate Practice Group in its Washington, D.C., and Atlanta offices, respectively....

KBRA has released its Business Development Company (BDC) Ratings Compendium for Q4 2024, noting that despite headwinds like tighter spreads, intense competition, and a surplus of private credit capital, credit performance among rated BDCs remained broadly stable. The report observed...

HOUSTON — Sallyport Commercial Finance has provided $500,000 in accounts receivable financing to a growing meat processing company facing a cash flow crunch. The Texas-based processor turned to Sallyport after its largest customer extended payment terms, putting a strain on...

NEW YORK, April 7, 2025 – Holland & Knight has significantly strengthened its leading Asset Finance Group with the addition of Mike Timpone, Kurt Plankl and Sophia Agathis as partners and Nicholas Kaasik as senior counsel in New York. They...

HomeTrust Bank has appointed Robert “Rob” McCain III as senior vice president and market president for the Charlotte metropolitan area, effective March 31. McCain will oversee the bank’s efforts to expand its presence in Charlotte, with a focus on growing...

Overview This week's analysis examines the evolving landscape of U.S. middle market debt amid heightened economic uncertainty and rapidly shifting market dynamics. As tariff tensions escalate and inflation concerns persist, middle market firms are navigating a transformed financing environment characterized...

MidCap Business Credit LLC announced that it has completed a $30 million asset-based credit facility to Presrite Corporation. The business was established in 1971 and is headquartered in Cleveland, Ohio. Presrite manufactures closed-die carbon and alloy steel forgings (bearings, crankshafts,...

NEW YORK — April 3, 2025 — First Citizens Bank announced that its Sponsor Finance business provided a $22.5 million senior debt facility to help refinance and provide acquisition capacity for Standpoint Inc., a leading provider of management services and...

A new PitchBook report shows a mixed recovery picture for private equity activity in the middle market during the first quarter of 2025. According to the report, dealmaking posted a strong resurgence with $46.2 billion deployed in 1Q 2025, marking...

WESTPORT, CT, April 7, 2025 -- Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured credit facility with National Railway Equipment Company ("NRE"). NRE, a portfolio company of...