News

Encina Lender Finance and Cardo AI have created a partnership designed to revolutionize the asset-based finance (ABF) market, as the companies aim to delivering faster, more efficient funding solutions for originators and greater capital deployment opportunities for institutional investors (LPs)....

Federal Reserve chair Jerome Powell delivered the central bank’s Semiannual Monetary Policy Report to Congress on Tuesday, signaling a steady approach to interest rates despite economic resilience and cooling inflation. Powell emphasized that the Fed remains focused on its dual...

Legacy Corporate Lending, an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, provided a $25 million asset-based credit facility to Agribusiness and subsidiaries (dba Bridgewell Agribusiness), a food and agriculture products...

Siena Lending Group, an asset-based lending company, closed a $27.5 million asset-based credit facility for Pure Safety Group (PSG), a global company in fall protection equipment and safety solutions. The credit facility will provide PSG with enhanced financial flexibility to...

MidCap Business Credit has completed a $10 million asset-based line of credit for a distributor of winter clothing. The financing, sourced and closed through MidCap’s headquarters in West Hartford, CT, will provide additional liquidity to the company. “We were able...

First Citizens Bank’s maritime finance business provided $26 million in financing to Euroseas, enabling the container shipping company to add a newly built 2,800 TEU Eco containership to its fleet. “As demand continues to rise, we are expanding our fleet...

Affiliates of Stellus Capital Management led the successful syndication of senior debt financing to support the growth of Eskola, a commercial roofing contractor backed by Eagle Merchant Partners. “Eskola is grateful for the support of both our partners at Eagle...

Invesco Private Credit, a market-leading global private credit platform of Invesco, closed its flagship Invesco Direct Lending Fund II, which, along with similar vehicles, total $1.4 billion of investable capital. “Our dedicated direct lending team is part of the $48...

SLR Healthcare ABL provided a $5 million asset-based revolving line of credit to a sponsor-backed mental health service provider that operates multiple facilities on the west coast. The credit facility was used to pay off an existing bank revolver and...

Rosenthal & Rosenthal, a private commercial finance firm, implemented equipment finance solutions by Solifi, a global fintech software partner for secured finance. Rosenthal sought a solution to meet the growing demand for short-term working capital alongside equipment financing from a...