News

Keystone's Private Credit Team recently closed a $75,000,000 senior secured revolving warehouse line of credit for a small business finance company based on the East Coast. This investment by the Keystone-managed fund will allow the company to grow its business...

Ares Commercial Finance provided a $25 million senior secured revolving line of credit to Herschel Supply, a Vancouver-based distributor and retailer of bags and accessories. Proceeds from the financing will provide the company additional liquidity for working capital.

Legacy Corporate Lending, an independent asset-based lending company focused on serving the needs of middle market companies across North America, closed a $19.4 million asset-based revolving line of credit for Olli Salumeria. The facility will be used to support the...

Asset Compliant Solutions (ACS), a portfolio optimization company serving asset-based lenders and lease finance companies, appointed Lacy Gowiski as its manager of administration. Gowiski brings a multifaceted background that spans operational leadership, strategic partnerships and business development across Fortune 500...

Leigh Guglielmo, senior vice president of Republic Business Credit, has been elected president of the Turnaround Management Association’s Louisiana chapter. Guglielmo will serve a one-year term during which she will aim to advance the chapter’s mission to provide networking and...

TPG Twin Brook recently served as administrative agent on debt financing to support: Silver Oak Services Partners’ refinancing of Smile Partners USA, a provider of dentistry services in Michigan, Georgia and Illinois, providing patients with a full suite of general...

NextDecade’s wholly owned subsidiary, Rio Grande LNG Super, entered into a credit agreement with General Atlantic Credit’s Atlantic Park Fund that provides for a $175 million senior secured loan. Proceeds from the senior loan were disbursed at closing on Dec....

The International Factoring Association (IFA) conducted its biennial survey to uncover critical insights into how factoring firms operate and conduct business. “This year, we’re excited to introduce a new compensation section to the survey, providing participants with even greater value...

Gibraltar recently increased existing customer Prodigy Health’s asset-based loan facility to $30 million to further support the company’s growth. The national drug distributor will use the increased facility to fund working capital by expanding its inventory of biopharmaceuticals, enhancing its...

Commercial chapter 11 filings increased 20% in calendar year 2024 to 7,879 from 6,583 filings the previous year, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. Overall commercial filings increased 17% to 30,009 from...