News

MidCap Business Credit completed a $6 million asset-based credit facility to a manufacturer and distributor of air purifying respirators located in the Northeast. The ABL credit facility is supported by a working capital revolver and a machinery and equipment term...

TAB Bank closed $103 million in credit facilities with nearly 400 companies during Q2/24. Financing included loans for working capital, equipment and commercial real estate, small business lines of credit and accounts receivable funding. The companies funded span numerous sectors,...

A Tiger Group live webcast auction on Jan. 16 will feature more than 50 new and late-model trucking assets — both tractor trucks — from International, Peterbilt, Freightliner, Paccar, Kenworth and Daimler, and reefer and dry van trailers from CIMC,...

SSG Capital Advisors served as the investment banker to Fluid Market and its affiliates d/b/a Fluid Truck in the sale of substantially all assets to Kingbee Rentals. The sale was effectuated through a Chapter 11 Section 363 process in the...

Dechert hired Jennifer Csik Hutchens as a partner in its corporate and securities practice. Hutchens leads Dechert’s healthcare regulatory practice and is a leader in the firm’s healthcare industry practice and cross-practice group healthcare initiatives. She is based in the...

MidOcean Partners, an alternative asset manager specializing in middle-market private equity, alternative credit and structured capital, led a $197.5 million structured equity investment in OWN Equipment Fund I, a newly formed special-purpose vehicle. The equity investment supported a $797.5 million...

William Blair, a global boutique with expertise in investment banking, investment management and private wealth management, named Stewart Licudi as the firm’s head of European investment banking. Based in London, Licudi will lead William Blair’s investment banking advisory activity in...

Andover Lending, a platform that seeks to originate non-recourse financing for self-storage sponsors nationally, provided a $21 million construction loan to a joint venture between LaTerra Development and Platinum Storage. The loan will fund the redevelopment of a former retail...

Satellite communications company Ligado Networks has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware as part of a pre-arranged restructuring plan. The company, grappling with a significant debt burden, has also secured...

Willow Tree Credit Partners, a private credit alternatives firm, closed Willow Tree CLO II, a $502.3 million collateralized loan obligation (CLO). This is Willow Tree’s second CLO, closing within two months of its first CLO. The CLO will be managed...