News

Black Diamond Group renewed and expanded its secured, asset-based revolving credit facility. The renewal extends the maturity of the facility out to Feb. 20, 2030. Concurrently, the facility is being upsized to $425 million with a $75 million uncommitted accordion,...

Encina Lender Finance provided a $75 million senior credit facility to a fintech to support growth of its corporate charge card program. The facility is secured by a highly diversified pool of small balance, short-duration corporate charge card receivables.

Iron Horse Credit, a non-bank lender, appointed Neil Wolfe as CEO. Wolfe is a seasoned executive that will leverage more than 20 years of experience and leadership to execute on the transformation from a niche specialty finance lender to a...

Nikola, a global company in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for...

SLR Digital Finance (SLRDF), a provider of asset-based lending solutions for the digital media industry, closed a new senior secured credit facility for an over-the-top (OTT) streaming platform. The new facility consists of a revolving line of credit to support...

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $7 billion in assets, provided a $10 million revolving line of credit, through its asset-based lending team, to Belle Brands, a portfolio of personal care companies of...

ServisFirst Bank, a subsidiary of ServisFirst Bancshares, hired David Sparacio as chief financial officer. A seasoned financial executive with over three decades of experience in banking and financial management, Sparacio will oversee the bank’s financial strategy, regulatory reporting and accounting...

The Freakonomics Radio Network (FRN) turned to Tiger Group for insights into “the going-out-of-business business.” Spurred by a spike in retail liquidations, FRN’s “The Economics of Everyday Things” podcast quizzed Bradley W. Snyder, executive managing director at Tiger Group, about...

Houlihan Lokey, the global investment bank, hired Carle Felton as a managing director in its capital markets group. Felton is based in Atlanta and will further strengthen the firm’s private capital financing capabilities for its global client base. “The extraordinary...

Mayer Brown welcomed Chad Richards to the firm’s Washington DC office as a partner in the global energy group. He joins from Kirkland & Ellis. “Chad’s experience and successes span the vast energy and infrastructure landscape,” Alex Chequer, leader of...