News

DANIA BEACH, Fla. – Spirit Airlines (NYSE: SAVE) has successfully emerged from its financial restructuring, completing a consensual deleveraging transaction that equitizes approximately $795 million in funded debt. With a stronger balance sheet and enhanced financial flexibility, Spirit is now...

SAN FRANCISCO – Silicon Valley Bank (SVB), a division of First Citizens Bank, has entered into a strategic lending relationship with Pinegrove Venture Partners (“Pinegrove”), with the goal of deploying $2.5 billion in venture debt loans to technology and life...

NEW YORK – Andalusian Credit Partners (ACP), a middle-market direct lending platform, has expanded its senior leadership team with the appointment of Moses Awe as Chief Financial Officer and Sandy Climan as Senior Advisor. These strategic hires further ACP’s mission...

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...