News

B. Riley Securities (BRS) has officially carved out from B. Riley Financial (BRF), the firms announced Wednesday, a move that grants BRS independent governance, a distinct shareholder base, and enhanced financial transparency. The decision follows feedback from clients and partners,...

FRISCO, Texas –  Mountain Ridge Capital (MRC), in partnership with Accord Financial, Inc., has provided a $45 million senior secured credit facility to a plastic moldings manufacturer. The increased facility size will support the company’s continued expansion following significant growth...

NEW YORK – SLR Business Credit has provided a $15 million asset-based revolving line of credit to a Midwest-based transportation and logistics company, enabling it to pay down its previous lender and secure additional working capital to fuel ongoing growth...

NEW YORK – First Citizens Bank announced that its Energy Finance division served as lead arranger for $133 million in financing to support Cypress Creek Renewables in developing the Destiny Storage project, a utility-scale, standalone battery energy storage system in...

WESTPORT, CT – Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, has agented a $45 million senior secured revolving credit facility to support a sponsor-owned textile company. The financing, arranged in partnership with Wingspire Capital, will...

Bank of America has appointed Ruben Torres as president of its El Paso market, the company announced. Torres, a financial services veteran with 25 years of experience, will lead the bank’s local operations, focusing on client relationships and community engagement....

PHOENIX – Quarles & Brady, a national law firm, announced that Michael Fehser has rejoined the firm’s Phoenix office as a partner in the Business Law Practice Group. Fehser represents corporate clients, private equity funds, and privately held businesses in...

NEW YORK – CIT Commercial Services, a subsidiary of First Citizens Bank, has provided a $45 million non-recourse factoring facility to a sponsor-owned, technology-driven logistics services company in the Mountain States region. The transaction was referred by Silicon Valley Bank,...

NEW YORK — Assembled Brands Capital, an asset-based lender for high-growth consumer brands, has closed a new growth line of credit with wildwonder, a standout brand in the rapidly expanding probiotic beverage market. The secured facility will provide the working...

PARSIPPANY, N.J. – Lincoln Educational Services Corporation (Nasdaq: LINC) announced an amendment to its secured credit agreement with Fifth Third Bank, National Association, increasing the aggregate principal borrowing amount from $40 million to $60 million. The expanded facility enhances financial...