News

Leigh Guglielmo, senior vice president of Republic Business Credit, has been elected president of the Turnaround Management Association’s Louisiana chapter. Guglielmo will serve a one-year term during which she will aim to advance the chapter’s mission to provide networking and...

TPG Twin Brook recently served as administrative agent on debt financing to support: Silver Oak Services Partners’ refinancing of Smile Partners USA, a provider of dentistry services in Michigan, Georgia and Illinois, providing patients with a full suite of general...

NextDecade’s wholly owned subsidiary, Rio Grande LNG Super, entered into a credit agreement with General Atlantic Credit’s Atlantic Park Fund that provides for a $175 million senior secured loan. Proceeds from the senior loan were disbursed at closing on Dec....

The International Factoring Association (IFA) conducted its biennial survey to uncover critical insights into how factoring firms operate and conduct business. “This year, we’re excited to introduce a new compensation section to the survey, providing participants with even greater value...

Gibraltar recently increased existing customer Prodigy Health’s asset-based loan facility to $30 million to further support the company’s growth. The national drug distributor will use the increased facility to fund working capital by expanding its inventory of biopharmaceuticals, enhancing its...

Commercial chapter 11 filings increased 20% in calendar year 2024 to 7,879 from 6,583 filings the previous year, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. Overall commercial filings increased 17% to 30,009 from...

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support NationsBenefits’ acquisition of General Vision Services, an existing portfolio company of General Atlantic, The Pritzker Organization and Denali Growth Partners.

Rosenthal & Rosenthal announced the completion of a $4 million purchase ordering financing facility to support a U.S.-based global manufacturing company with a multi-faceted government contract. The company, a global manufacturer and supplier of aerospace and defense gear, wanted to...

Mesirow, an independent, employee-owned financial services firm, acquired Bastion Management, an asset-backed specialty finance lender. The acquisition closed on Dec. 31, 2024. “We are pleased to welcome Bastion to Mesirow as we extend our alternatives offering in the asset-backed lending...

Austin Financial Services (AFS) closed a $5 million accounts receivable asset-based lending credit facility to a company specializing in the design and manufacturing of electronic communication systems serving aerospace and defense contractors. Proceeds from AFS’ revolving credit facility were used...