News

Winston & Strawn hired Aparna Sehgal in the firm’s transactions department as a partner in the London office and a member of the structured finance practice. Sehgal will shortly be joined at Winston by a real estate of counsel who...

Eclipse Business Capital (EBC) upsized its primary asset-based lending facility to $1.895 billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for growth in 2025 and beyond. “We’re privileged...

Encina Lender Finance provided a $46 million “first-out” commitment in partnership with a structured credit fund. The facility is secured by a pool of unsecured consumer installment loans.

The Consumer Financial Protection Bureau (CFPB) has suspended its supervisory activities and closed its headquarters following directives from newly appointed Acting Director Russell Vought. The Associated Press reported that in an email to staff on Saturday, February 8, Vought instructed...

Peapack-Gladstone Financial and Peapack Private Bank hired John Soffronoff as enterprise risk and compliance officer responsible for developing and maintaining effective, efficient and scalable risk management and compliance programs commensurate with Peapack Private’s growth and strategy objectives. Soffronoff brings 35...

TriState Capital Bank hired Brad Eidmann, CFA as senior vice president, relationship manager. Eidmann is responsible for establishing lending relationships, new-business development and market growth in the Midwest. “Brad’s extensive experience in building trusted relationships with financial advisors and high-net-worth...

KBRA released a report exploring the mechanics, benefits and challenges of revolving credit facilities (RCF) within the structured credit market. Low-levered RCFs, often executed privately, have become a common tool in the rated structured credit universe. RCFs are a flexible...

Global law firm Squire Patton Boggs has added two experienced Wall Street professionals, Daniel Rudder and Nathan Romano, as senior advisors. “Asset managers have unique needs that require a combination of political, legal, and financial market acumen,” Ed Newberry, global...

Garnet Capital Advisors, a company in the national loan sale market, closed the sale of a credit facility collateralized by a $117 million subprime lease portfolio on behalf of the co-lenders. The sale was prompted by the bankruptcy filing of...

Partnering with Q2, a provider of digital transformation solutions for financial services, Wells Fargo has launched a commercial banking platform designed to improve bankers’ ability to serve commercial clients and increase collaboration and efficiency. “Wells Fargo is committed to delivering...