News

U.S. Energy Development Corporation (USEDC), an exploration and production company focused on the development of energy projects for itself and its partners, closed a new $165 million syndicated revolving credit facility led by Citibank. The new facility, which provides USEDC...

Kilo Fund Management, a specialty provider of commodity inventory finance to North American middle-market companies, extended its $50 million asset-backed senior secured revolving credit facility. East West Bank, a company in structured finance, led the transaction and extended the maturity...

Cambridge Savings Bank (CSB), a full-service mutual bank with $7 billion in assets, announced that its Asset-Based Lending team has provided a $20 million revolving line of credit to Arctaris Impact Investors. Based in Wellesley, MA, Arctaris will use the...

Porter Capital, a company in specialty financing solutions, provided a $15 million credit facility for a newly-established entity in the transportation and freight services industry headquartered in Georgia. The client, with nearly a century of operational history and a strong...

Victory Park Capital (VPC), a global alternative investment firm specializing in private credit, hired Hugo Lestiboudois as principal. Lestiboudois, who brings over 10 years of experience in developing and operating legal finance strategies, will work alongside Richard Levy, CEO, chief...

Biz2Credit released its monthly Small Business Earnings Report for January 2025, which revealed that average monthly earnings were $32,300, the lowest level recorded in the past 36 months of data analyzed in the report. While average monthly revenues increased to...

StepStone Group, a global private markets investment firm responsible for approximately $698 billion in total capital, including $65 billion in private debt, received approval to launch a private debt-based European long-term investment fund. “As part of our continued expansion into...

Tiger Group is now accepting offers on three high-speed, direct-to-garment POLARIS™ printing systems manufactured by M&R Sales & Services, along with other equipment that is surplus to the operations of a large textile-embellishment company. “Just 160 of these Polaris systems...

Global professional services firm Alvarez & Marsal (A&M) appointed Ross Stallings as a managing director in its corporate transactions group (CTG). Based in Atlanta, Stallings brings more than 20 years of experience in professional services and industry roles, specializing in...

Bain Capital Credit’s private credit group invested $6 billion to support the growth of middle market and private equity-backed companies in 2024. The group made 97 investments in 2024, supporting the refinancing, leveraged buyout and add-on acquisition activity of both...