News

WhiteFiber, the wholly-owned HPC subsidiary of Bit Digital, entered into a definitive credit agreement with the Royal Bank of Canada (RBC) to finance its data centers business. The facility provides up to C$60 million in aggregate financing. Proceeds will be used to support the continued...

Ares Alternative Credit funds have entered into a definitive agreement for the acquisition of a 20% stake in Plenitude, a company in energy transition controlled by Eni, for approximately €2 billion. The consideration implies an enterprise value for Plenitude of...

Latham & Watkins added Zachary S. Podolsky to its New York office as a partner in the mergers and acquisitions and private equity practice. Podolsky advises public and private companies, boards of directors and special committees in negotiated and hostile M&A transactions. He also...

Lighthouse Financial completed a $2.75 million revolving line of credit to a New Jersey-based manufacturer and distributor of all-natural pest repellants. Due to balance sheet leverage, the existing bank would not increase the company’s line of credit to support growth...

Fallingst Technologies, alongside lending partner ABL OPCO LLC (d/b/a Mountain Ridge Capital, or MRC) and capital markets advisory firm AOL Sourcing, closed a $5 million structured capital facility for Strider Fitness Ventures. The $5 million infusion of IP-backed capital will...

Natural Alternatives International (NAI), a formulator, manufacturer and marketer of customized nutritional supplements, executed an amended credit facility with Wells Fargo Bank. This amendment modifies the current facility extending the term of the agreement to December 31, 2026 and modifies...

Perkins Coie added Sarah Bowman to its private client services practice as a partner in the Seattle office. Bowman focuses on sophisticated estate planning, estate and trust administration and family office structuring for high-net-worth families. Bowman has significant experience advising...

USG Water Solutions, a water utility services provider specializing in storage tanks, plant rehabilitation, metering and distribution systems, completed a strategic refinancing. USG Water Solutions has further strengthened its financial position and catalyzed additional strategic investments aimed at more effectively serving...

Facing traditional industry challenges associated with cash flow and rapid growth, a prominent staffing firm partnered with Republic Business Credit to support its national retail expansion. Republic partnered with the entrepreneur-led staffing agency to provide a $3 million factoring facility,...

Geopolitical shock waves and Fed caution create volatile week for middle market finance The middle market debt landscape faced its most challenging week since early 2022 as escalating conflict between Israel and Iran sent oil prices surging over 7% while...