News

FactorFox introduced the next generation of its specialty finance platform, an AI-native operating system built from more than 20 years of experience serving factoring and specialty finance companies. FactorFox technology supports approximately 100 organizations across domestic and international markets and...

Tiger Group and Can-Am Machinery will manage a dual-track sale process for machinery and equipment (M&E) from Total Fiber Recovery @ Chesapeake, a recently commissioned old corrugated containers (OCC) fiber-processing and recycled pulp production facility. Tiger and Can-Am are currently...

CIFC Asset Management and its affiliates (collectively, CIFC), an alternative credit specialist serving institutional investors globally with more than $47 billion* in assets under management, today announced its direct lending strategy, which focuses on lending to U.S. lower middle-market companies,...

Republic Business Credit provided a $750,000 factoring facility to a growing temporary staffing firm to support its operational requirements. This is the first funding that originated through Republic’s recently announced partnership with Meritus Capital. Recognizing the unique challenges posed by...

Asset-based lenders closed the week with the cleanest possible illustration of why collateral-indexed capital behaves differently from everything else in a tightening cycle. Calumet amended its asset-based facility on Monday to lift total commitments by $100 million to $600 million,...

Hallador Energy closed a $600 million senior secured term loan facility with a three-year term and, subject to lender approval, a two-year extension option. The term loan facility consists of approximately $550 million funded at closing and an additional $50...

TowerNorth, an independent developer, owner and operator of mission critical wireless infrastructure in the United States, secured additional growth capital from Berkshire Partners and closed a new debt facility. The additional capital strengthens TowerNorth’s financial flexibility and will support the...

Cornerstone Business Credit funded a $1 million line of credit to an industrial equipment sales and service company. This multi-generational family business recently expanded by acquiring two complimentary businesses. It was a huge opportunity, but the prolonged integration stretched its...

o15 Capital Partners, through its Emerging America Credit Opportunities (EACO) fund and its affiliates, exited a $31 million senior secured credit facility provided to Simplify Compliance Holdings, a diversified provider of B2B training, events and subscription information backed by Leeds...

Quiq Capital and Quiq Income Fund II entered into an amendment and upsize to its revolving credit facility with Dime Commercial Bancshares, the parent company of Dime Commercial Bank. The amendment affords Quiq the ability to, among other things, increase...