News

Sheppard, Mullin, Richter & Hampton hired Ashley Wheelock as a partner in Houston. Wheelock was most recently a partner at Troutman Pepper Locke. Wheelock is the latest partner to join the firm’s growing healthcare team. The firm has welcomed 15...

Global asset manager Rithm Capital recently released its quarterly Eyes on the Market report, outlining key macroeconomic and sector-specific trends shaping 2025. Of particular interest to specialty finance leaders are the firm’s insights into asset-based finance (ABF) highlighting critical shifts...

Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, is acting as joint lead arranger on a $325 million senior secured credit facility for Solidcore, a pilates workout fitness chain. The financing supports the acquisition of...

There were 539 commercial chapter 11 filings recorded in January 2025, a 16% increase from the 465 commercial chapter 11s in January 2024, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. Overall commercial bankruptcy...

In this quarterly update, KBRA reviews the more than 2,200 KBRA assessments completed for 1,903 unique middle market-sponsored borrowers in 2024. These companies collectively account for $922 billion in debt, offering a clear view of the overall private credit direct...

Republic Business Credit closed 2024 with a time-sensitive $4.5 million asset-based loan to an innovative organic clothing manufacturer located in Los Angeles. Republic refinanced an existing loan from a private credit fund that decided to focus on larger corporate transactions...

EB5 Capital, a regional center operator in the EB-5 industry, secured a $100 million credit facility with EagleBank, a community bank in the Washington, DC area. This new credit facility, which doubles the firm’s previous $50 million credit line with...

Service Compression, a provider of natural gas compression services for exploration and production companies, upsized its asset-based loan (ABL) credit facility by approximately 50%, bringing the facility’s total commitment to $300 million. The facility is led by J.P. Morgan. This...

Stellus Capital Management affiliates provided senior debt financing and an equity co-investment in support of Palm Peak Capital’s acquisition of Pacific Shoring Products, a manufacturer of trench safety equipment. “Over the past 20 years, Pacific Shoring has proven itself as...

XS Financial, an established equipment finance company serving middle-market storied credits, has amended and upsized its current $70 million line of credit with Needham Bank to $100 million, with First Citizens Bank participating for $20 million. XS Financial intends to...