News

In a move to support the strong trajectory of growth and impact throughout the Frederick community, the board of directors of Woodsboro Bank will elevate Rich Ohnmacht, current president of Woodsboro Bank, to the role of president and CEO, effective July 1. Ohnmacht will...

Wellness Pet Company, a pet nutrition company, successfully completed a refinancing transaction supported by substantial majorities of its existing lenders. As part of this transaction, Wellness Pet has secured a $100 million capital investment and extended the maturities of its existing loans...

Keystone National Group has closed a $50 million senior secured revolving warehouse line of credit for a national electronics lease-to-own company. Keystone’s investment will allow the company to grow its business of providing lease-to-own financing products to consumers across the...

Celtic Capital Corporation announced its most recent new client relationship, a Pacific-based Company providing material testing services to the Infrastructure Construction Market. Due to a challenging 2024, the company violated its bank covenants and was seeking a new lender. Its...

Asset-based lender Ultimate Finance announced an increase to its maximum invoice finance facility size from £7 million to £10 million as it targets growth. The increase follows recent investment in pricing and an improved cashflow loan size, both of which...

A comprehensive Federal Reserve analysis has revealed the dramatic expansion of traditional banks' financial support for the burgeoning private credit industry, with large banks' total loan commitments to private equity and private credit fund sponsors reaching approximately $300 billion, or...

HOUSTON — Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported first quarter 2025 revenues of $150.5 million, net loss of $(7.1) million, or $(0.18) per diluted share, and adjusted EBITDA of $16.5 million. The strong performance coincided...

DALLAS and NEW YORK, May 29, 2025 — Frontier Infrastructure Holdings ("Frontier" or the "Company"), a leading developer of low-carbon infrastructure across the Mountain West and Texas, today announced a series of strategic developments that reinforce its leadership in scalable...

NEW YORK, May 29, 2025 — Kashable, a mission-driven fintech platform redefining credit for working Americans as an employer-sponsored voluntary benefit, today announced the closing of a $250 million credit facility. This financing will allow Kashable to continue to provide...

The U.S. economy contracted at an annualized rate of 0.2% in the first quarter of 2025, according to revised government data released Thursday. While the figure represents an improvement from the Bureau of Economic Analysis's initial estimate of a 0.3%...