News

Group 1 Automotive, a Fortune 250 automotive retailer with 263 dealerships located in the U.S. and UK, upsized its $1 billion revolving syndicated credit facility to $3.5 billion and extended the maturity to May 30, 2030. The syndicated credit facility can be expanded to $4.5 billion total...

Vero Technologies, a provider of innovative financial technology solutions for asset-based lending, has successfully launched its Title Management System (TMS) with First Business Bank, streamlining the bank’s title processing operations. Vero has enabled straight-through processing for the bank’s entire title...

NowVertical Group, a data and AI solutions provider, and certain of its affiliates have entered into a senior secured facilities agreement with HSBC UK Bank as arranger, original lender and agent. Pursuant to the facilities agreement, NowVertical UK and NowVertical...

Nexxen International, a global, flexible advertising technology platform with expertise in data and advanced TV, successfully completed an amendment to its existing revolving credit facility. Nexxen amended the revolving credit facility to, among other things, reduce the committed facility size...

James Hardie Industries successfully syndicated new credit facilities to support its operations and its planned transaction with The AZEK Company. The company syndicated new senior secured credit facilities totaling $3.5 billion with broad support including 30 participating banks. Specifically, the...

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...