News

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...

SG Credit Partners, through its commercial finance division, partnered with a regional off-price apparel retailer. The senior debt investment refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth plan. “Partnering with...

Monroe Capital expanded its platform to Australia with the appointment of Galen Fu as director, business development. Fu will be based in the firm’s Sydney, Australia office and will be responsible for client servicing and capital raising across Australia. Fu...

Haynes Boone is enhancing its fund finance and asset securitization practices with the addition of seven attorneys in the firm’s New York office. The attorneys come from Seward & Kissel, including partner Greg Cioffi, the head of its asset securitization...

Assembled Brands closed a growth line of credit to Mezcla, a New York-based brand in the protein bar market offering plant-based, protein-packed snacks. The new line of credit positions Mezcla to scale production, expand distribution and optimize inventory management, driving...