News

First Citizens Bank’s energy finance business acted as co-lead arranger on $250 million in financing on behalf of a portfolio of 327MW, one-hour duration battery storage projects developed in California by Middle River Power.

Michael H. Theodore and Shawn M. Masterson, attorneys at law firm Cohn & Dussi, were recognized by Super Lawyers for 2023, while Andrew B. Glaab, an associate at the firm, was selected to the 2023 Rising Stars list.

An entity affiliated with Centre Lane Partners completed the acquisition of the appliances division of Instant Brands, which filed for Chapter 11 bankruptcy protection in June. MidCap Financial provided financing to support the transaction.

Sheila Smith, senior advisor at Gordon Brothers and a long-time member of the financial advisory and turnaround and restructuring industries, passed away on Saturday following a decade-long battle with pancreatic cancer.

Culain Capital Funding provided a $5 million accounts receivable factoring facility to a Texas-based warehousing/fulfillment business with several locations across the U.S.

Sallyport Commercial Finance provided a $1.5 million factoring facility to enable a Canadian baked goods manufacturer to get its products into more major chains across the U.S. and Canada.

Breakout Finance unveiled a new brand identity, including a new website, reflecting its redefined strategy focused on delivering a suite of specialized lending products to address the challenges of its small business clients throughout the U.S.

Accern completed a $200,000 factoring facility with Marco in order to boost cash flow and elevate its business.

Second Wind Consultants worked with Chase Bank to reorganize a consumer construction supply company through an Article 9 restructuring that resulted in a $2 million recovery for the bank.

Pantheon, a global private markets investor, launched Pantheon Global Private Equity Fund (PGPE), the latest addition to the firm’s growing global private wealth platform.