News

Bracewell hired Susan Ormand Berry within the firm’s Houston office as a partner in the finance practice. She joins Bracewell from King & Spalding, where she was a partner in the firm’s corporate, finance and investments practice. “We are thrilled...

QT Imaging, a medical device company engaged in research, development and commercialization of body imaging systems, secured $10.1 million in gross proceeds from a private placement of shares and warrants led by company insiders. The transaction closed on Feb. 27,...

Porter Capital closed a $20 million factoring facility for a Dallas-based manufacturing company. This financing solution provides predictable cash flow, allowing the company to continue its growth and scale operations efficiently. This opportunity came through a referral from a private...

First Business Bank’s accounts receivable financing funded a $4 million factoring facility for a software provider. “With 100% concentration to one large debtor, our new client was finding it difficult to obtain traditional asset-based lending or bank finance,” Kristen Palmer,...

F.N.B. Corporation (NYSE: FNB) announced that it has again been named a Best Bank Awards winner by Crisil Coalition Greenwich, highlighting its strength in providing exceptional service to small and middle-market business clients. The announcement was made on Feb. 27,...

CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $30 million credit facility to Conexwest, a provider of new, used and refurbished shipping containers. “As we continue to grow Conexwest, we remain focused on providing our...

FTAI Aviation’s strategic capital initiative (SCI) obtained a commitment for $2.5 billion of asset-level debt financing led by global investment firm ATLAS SP Partners, the structured products business majority owned by Apollo funds, and Deutsche Bank AG (New York branch)....

Citizens Asset Finance, a division of Citizens, named Stan Walker as President, effective March 3, 2025. Walker will succeed Brent Hazzard, who had held the position since 2021 and will be transitioning to a strategic advisor role with Citizens. Walker...

CohnReznick, an advisory, assurance and tax firm, secured a strategic growth investment from funds advised by Apax Partners. The transaction marks the first institutional investment in CohnReznick and is expected to help accelerate the firm’s growth strategy to deliver best-in-class...

Urgent.ly, a U.S.-based leading provider of digital roadside and mobility assistance technology and services, has reached an agreement with its lenders resulting in significant capital structure improvements. Urgently has entered into a new credit agreement for an asset-based revolving credit...