News

In November 2023, Cortland provided a GBP 35 million revolving credit facility to a higher education provider, aiding its growth trajectory by supporting working capital needs and supporting strategic acquisitions. The facility was structured as an asset-based loan (ABL) underwriting future...

KBRA released its Business Development Company Ratings Compendium, which looks at results for Q1/25, ended March 31, 2025. In Q1/25, business development companies (BDC) demonstrated continued resilience and caution amid an uncertain operating environment marked by high base rates, tighter...

Specialist bridging lender Hilco Real Estate Finance (HREF) has completed a £8.25 million loan facility to a Northwest-based property investor secured against a former hotel located in South Manchester. The loan is secured against the property, which is currently used...

Boston-based accounting and advisory firm Tonneson + Co will join Plante Moran, an audit, tax, consulting and wealth management firm, effective July 1, 2025. This combination marks a milestone in Plante Moran’s continued expansion along the east coast. “We’re excited...

TRU Federal Credit Union has unveiled a new digital investment platform through a strategic partnership with InvestiFi. This collaboration brings securities, cryptocurrency and guided investing solutions directly into TRU FCU’s digital banking experience. “Adding an investment option for our members...

Rick Nowak rejoined Mayer Brown as a partner in its litigation and dispute resolution practice in Chicago. Nowak, an experienced trial lawyer and nationally recognized Employee Retirement Income Security Act (ERISA) litigator and former co-chair of the ERISA Litigation practice,...

The Federal Reserve's measured approach to monetary policy dominated the middle market debt landscape this week, as Chair Powell maintained the central bank's cautious stance amid economic uncertainty and heightened trade policy volatility. Friday's May employment report showed resilient job...

Solar Mosaic, a fintech platform for U.S. residential solar and energy-efficient home improvements, filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Through the...

Freepoint Commodities closed a $2.3 billion revolving bank facility. The facility consists of a $1.38 billion, three-year committed tranche and a $920 million one-year uncommitted tranche. Additionally, the facility has a $900 million accordion feature. Mitsubishi UFJ Financial Group (MUFG) and Natixis (New York branch) are joint lead arrangers...

New research from Principal finds the Principal Financial Well-Being Index at 6.02 out of 10, down sharply from 7.8 in November 2024, and the lowest level recorded since November 2020. The Index is scored on a 0 to 10 scale, where...