News

B. Riley Financial, a diversified financial services company, closed a $160 million senior secured term loan provided by funds managed by Oaktree Capital Management. The transaction was completed on Feb. 27, 2025. The new financing replaces an existing senior secured...

Mach Natural Resources closed a senior secured reserve-based revolving credit facility with a syndicate of 10 banks, including Truist Bank as administrative agent and collateral agent. The new credit facility has an initial borrowing base of $750 million. Mach used...

White Oak Europe and White Oak Commercial Finance (WOCF), affiliates of White Oak Global Advisors, closed an asset-based lending (ABL) facility of up to $125 million provided by Wells Fargo Bank. The ABL facility will support White Oak’s lending activities...

A Reuters article published on Feb. 26, 2025, predicts a substantial rise in private credit activity this year, fueled by high interest rates and shifting dynamics in traditional banking. With borrowing costs elevated — SOFR at 4.8% — private credit...

Taktile, a category-defining decision automation platform, has raised $54 million in a series B funding round led by Balderton Capital, with participation from existing investors Index Ventures, Tiger Global, Y Combinator, Prosus Ventures and Visionaries Club, as well as Larry...

Ampersand, a financial services firm, released its second annual Depositor Priorities Survey report. Bank safety and soundness continues to be a key theme of this report, with nine out of 10 depositors voicing concern about bank safety and bank failures,...

Element Fleet Management, a publicly traded, pure-play automotive fleet manager, and funds managed by Blackstone Credit & Insurance, through its infrastructure and asset-based credit group, established a strategic funding relationship involving a portfolio of Canadian fleet lease receivables valued at...

SSG Capital Advisors served as the investment banker to Plastic Suppliers, doing business as Earthfirst, and its affiliates and subsidiaries in the sale of substantially all assets to API Industries, doing business as Aluf Plastics. The sale was effectuated through...

H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital, provided a new first lien, senior secured credit facility for CCE Group, a portfolio company of Hivest Capital Partners. “This new financing marks an important milestone in CCE’s journey...

A Lawyer Monthly article details how White & Case guided Lightning Power, an LS Power subsidiary, through the repricing of its $600 million revolving credit facility. According to the article, the transaction enhances financing terms for Lightning Power’s portfolio of...