News

Arra Finance, a nonprime auto finance company, closed its inaugural auto receivables asset-backed securitization (ABS) transaction. “In less than two years, Arra has scaled into a credible, disciplined participant in the auto ABS market,” Steven Lackowski, chief financial officer of...

Provident Bank, a New Jersey-based financial institution, appointed Adriano Duarte to executive vice president and chief financial officer of Provident Bank and Provident Financial Services, effective July 1, 2026. In his new role, Duarte will lead all aspects of the...

Tiger Group will offer surplus rolling stock and other equipment from global power company Cummins in an online auction opening on June 23 and closing on June 30. Surplus to the ongoing operations of Columbus-based Cummins, the assets include tractor...

BriteCap Financial, a data-driven finance company dedicated to improving the financial health of small businesses, formed a new integration with Cloudsquare, an AI-powered lending platform built natively on Salesforce to help brokers and lenders fund more deals. The integration gives...

Wingspire Capital provided a $33 million first-out revolver and term loan to a secure end-to-end communications and computing technologies company. The first-out credit facility was part of a larger $89 million facility, which Wingspire Capital agented. Proceeds are being used...

SixCap Healthcare Finance closed a $3 million asset-based revolving line of credit for a Kansas-based operator of six skilled nursing facilities. The facility provides working capital to support ongoing operations while featuring additional commitment capacity to accommodate future growth initiatives....

Ridgepost Capital completed its previously announced acquisition of Stellus Capital Management, a U.S. direct lender focused on the lower-middle market with approximately $4 billion in assets under management. Stellus will continue to be managed by its current partners who will...

Canada Infrastructure Bank (CIB) received internal credit approval for a subordinated debt facility of CAD $200 million to support the construction and development of Generation Mining’s marathon copper-palladium project. The CIB facility is comprised of the following two components: CAD...

Culain Capital Funding closed and funded a $2.5 million accounts receivable financing facility for a Western New York-based industrial materials distribution company serving manufacturers, foundries and industrial processors throughout the United States. The new working capital facility was structured to...

Capstone, a tech-enabled building products distribution platform, extended its credit facilities with both Beacon Bank (formerly Berkshire Bank) and Stream Finance on existing terms. Beacon Bank has extended Capstone’s $11.5 million revolving credit facility through Dec. 31, 2026, and Stream...