News

Heritage Global Partners (HGP), a subsidiary of Heritage Global and a company in asset advisory and auction services, will conduct an online auction featuring a comprehensive offering of cannabis processing, production, packaging and facility support equipment formerly utilized by The...

Simpson Thacher & Bartlett added Stephanie Marshak as a partner in New York, where she will focus on in- and out-of-court restructuring, liability management and other debt-related matters. Marshak’s arrival strengthens the firm’s capital structure solutions practice and deepens its...

First Federal Bank welcomed Vickie DePratter and Michael D. McAuley to the First Federal Bank board of directors effective July 1. Their experience, insight and commitment to serving their communities will bring valuable perspectives to the First Federal Bank board...

Encina Private Credit has changed its name to Encina Commercial Finance (ECF) to more accurately reflect the firm's expanding capabilities as a specialty finance company. While ECF will continue to focus on its first-out enterprise value loan product, the firm...

Eclipse Business Capital (EBC) provided a $55 million asset-based lending credit facility to a regional building materials supplier. The credit facility, secured by the company’s working capital assets, refinanced the company’s existing bank debt and provides additional liquidity and flexibility...

MidCap Financial, a commercial finance company focused on middle market transactions, provided a senior secured credit facility to Good Boy Vodka. The credit facility consists of a revolver with an accordion feature with proceeds used to provide incremental liquidity to...

Target Hospitality, a provider of vertically integrated modular accommodations and value-added hospitality services, closed a new $660 million asset-based revolving credit facility. The facility significantly strengthens the company’s liquidity position, extends its debt maturity profile and enhances financial flexibility as...

Alkegen, a specialty materials manufacturer, voluntarily commenced prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the Northern District of Texas to implement the restructuring support agreement (RSA) that was previously announced on July 20, 2026. Under the terms...

Abry Partners, a Boston-based private equity and credit firm, priced its fifth collateralized loan obligation (CLO), Abry Liquid Credit CLO 2026-5 (ALC CLO 2026-5). The transaction, with a total issuance of $405 million, is the firm’s third pricing in 2026...

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the investment in Powder Alloy by private equity sponsor AE Industrial Partners.