News

Capitolis, the financial technology company, appointed Ashwath Bhat as chief financial officer (CFO), effective Aug. 3. Reporting to Gil Mandelzis, founder and CEO of Capitolis, Bhat will be responsible for leading Capitolis’ global finance organization, driving financial strategy and operational...

Potomac Bank Residential Lending recently welcomed Gail Moxley as senior vice president, senior mortgage loan officer. Moxley will be responsible for increasing the company’s mortgage loan originations portfolio in the Eastern Panhandle of West Virginia market. However, she will also...

Asset-based lenders opened the final full week of July with a marquee close. Hillman Solutions completed a comprehensive refinancing of its capital structure on July 22, pairing a $735 million senior secured Term Loan B — maturing July 2033 and...

Stellify Capital, a specialty finance platform serving the third-party (TPO) originations channel, closed an up to $75 million credit facility with Wells Fargo Bank. This facility follows the company’s announcement in January of a $75 million facility from Sun Life...

The SLR ABL platform closed a $200 million senior credit facility for Modivcare TopCo, a technology-enabled healthcare services company providing a platform of supportive care solutions focused on improving health outcomes. “This financing provides Modivcare with enhanced financial flexibility as...

A Northeast-based marine services company providing scout vessels, safety support vessels and specialized marine operations for the offshore wind industry has secured a $3 million invoice financing facility from Prestige Capital. The new facility replaces its previous funding source, which...

The IP services practice of Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, has been engaged by Stan Lee Holdings (SLH)...

Provident Bank, a New Jersey-based financial institution, recently awarded $50,000 in grants to six non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The SBRG Program provides funds to...

Gordon Brothers, the global asset experts, expanded LK Bennett with its first North American licensee, Titan Industries. Titan Industries will design and distribute LK Bennett women’s footwear across the United States and Canada. The collaboration will expand LK Bennett’s presence...

Asset-based lender Ultimate Finance received a record high Net Promoter Score (NPS) score. NPS is a measure of customer loyalty. It’s based on one question: “How likely are you to recommend us?” scored from 0 to 10. People who score...