News

BEVERLY, MA — NFS Leasing, Inc., a leading independent equipment finance company serving non-investment-grade businesses, has announced it will rebrand as NFS Capital, LLC, as part of its long-term growth strategy. The rebrand reflects the company's commitment to expanding its equipment...

NEW YORK — Ares Management Corp raised over US$20 billion ($30.8 billion) in the first quarter this year, as appetite for private credit saw the manager's AUM surge above US$500 billion. Ares Management's assets under management climbed 27% to a total...

PHILADELPHIA  — Rite Aid Corp. has filed for Chapter 11 bankruptcy protection for the second time in less than two years, citing ongoing financial challenges, including mounting debt and increased competition in the retail pharmacy sector. The Philadelphia-based drugstore chain...

DALLAS — CSW Industrials, Inc. (CSWI) has successfully renewed and upsized its Revolving Credit Facility, taking the commitment from $500 million to $700 million. This move is strategically designed to bolster the company's financial flexibility and support its pursuit of...

BETHESDA, MD — MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC ("BMC" or the "Company"). Proceeds from the credit...

NEW YORK – JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, today announced the closing of a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the...

NEW YORK — Abacus Finance Group, LLC—a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies—today announced that it served as Senior Secured Credit Facilities Administrative Agent to support the leveraged buyout of Marcy Laboratories...

NEW YORK — Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4 million accounts receivable and inventory revolver facility for a specialty food manufacturer focused on plant-based food products. The company partners with private-label, nationally...

MADISON, Wis. — First Business Financial Services Inc. (Nasdaq: FBIZ) announced Monday that CEO Corey A. Chambas will retire on May 2, 2026, with President and Chief Operating Officer David R. Seiler set to succeed him. Chambas, who joined the...

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, has launched its newly redesigned website, www.mhccna.com, to improve user experience and accessibility. The updated platform features a modern design, enhanced navigation, and improved functionality, providing users across...