News

FactorAvenue has launched a dedicated freight broker factoring module that manages the complete broker transaction: funding against shipper invoices, paying carriers on behalf of the broker and handling quick pay commissions, all within a single platform. FactorAvenue’s broker module brings...

Gibson Dunn announced today that William “Bill” Savitt, Sarah Eddy, Randall Jackson, Ryan McLeod, Anitha Reddy and Bradley “Brad” Wilson — an accomplished trial, corporate governance and M&A litigation team — are joining Gibson Dunn’s New York office. “This is...

Truist Financial added John Stucker as middle market sales leader, a newly created role designed to drive growth and elevate sales execution across the company’s middle market banking business. Stucker joins Truist from JPMorgan Chase, where he spent more than...

Heritage Global Partners (HGP), a subsidiary of Heritage Global and a company in asset advisory and auction services, will conduct an online auction featuring a comprehensive offering of cannabis processing, production, packaging and facility support equipment formerly utilized by The...

Simpson Thacher & Bartlett added Stephanie Marshak as a partner in New York, where she will focus on in- and out-of-court restructuring, liability management and other debt-related matters. Marshak’s arrival strengthens the firm’s capital structure solutions practice and deepens its...

First Federal Bank welcomed Vickie DePratter and Michael D. McAuley to the First Federal Bank board of directors effective July 1. Their experience, insight and commitment to serving their communities will bring valuable perspectives to the First Federal Bank board...

Encina Private Credit has changed its name to Encina Commercial Finance (ECF) to more accurately reflect the firm's expanding capabilities as a specialty finance company. While ECF will continue to focus on its first-out enterprise value loan product, the firm...

Eclipse Business Capital (EBC) provided a $55 million asset-based lending credit facility to a regional building materials supplier. The credit facility, secured by the company’s working capital assets, refinanced the company’s existing bank debt and provides additional liquidity and flexibility...

MidCap Financial, a commercial finance company focused on middle market transactions, provided a senior secured credit facility to Good Boy Vodka. The credit facility consists of a revolver with an accordion feature with proceeds used to provide incremental liquidity to...

Target Hospitality, a provider of vertically integrated modular accommodations and value-added hospitality services, closed a new $660 million asset-based revolving credit facility. The facility significantly strengthens the company’s liquidity position, extends its debt maturity profile and enhances financial flexibility as...