News

Provident Bank, a New Jersey-based financial institution, awarded $1 million in funding to 10 non-profit organizations as part of the New Jersey Department of Community Affairs, Neighborhood Revitalization Tax Credit (NRTC) Program for fiscal year 2026. The nonprofit organizations will...

Cloudsquare and ACHWorks formed a strategic partnership to provide lenders with a more unified and controlled approach to payments and collections. This collaboration brings together Cloudsquare’s end-to-end lending platform and ACHWorks, an ACH payment processor and risk management platform, bringing...

Tiger Finance has provided a $45 million flexible line of credit to global skincare and beauty brand Glossier. The revolving credit facility, which closed on June 8, is the latest bespoke financing solution provided by the Tiger Group lending platform,...

In separate comment letters submitted this week to Federal bank regulatory agencies, the Equipment Leasing & Finance Association (ELFA) and the Secured Finance Network (SFNet) urged the agencies to consider additional recommendations to the proposed Basel III rulemaking to preserve...

Origis Energy, a renewable energy platform, closed $900 million corporate facility, comprising $650 million of funded credit facilities and a $250 million letter of credit facility. The facility provides Origis with liquidity to accelerate its near-term project pipeline and support...

Sable Offshore launched a proposed senior secured term loan facility in an aggregate principal amount of up to $1 billion, which will replace the company’s senior secured term loan with Exxon Mobil. The company is expected to be the borrower...

Knight Therapeutics, a pan-American (ex-U.S.) pharmaceutical company, repaid all amounts outstanding under its revolving credit facility with National Bank of Canada and a syndicate of lenders. The credit facility provides borrowing capacity of up to $100 million, with an additional...

Benefit Street Partners (BSP) CLO 50, a $500 million new-issue collateralized loan obligation (CLO), closed on May 26, 2026. The transaction was arranged in partnership with Scotiabank. The closing of BSP CLO 50 marks a significant milestone for BSP’s U.S....

LiftHigh Crane & Rigging amended and expanded its revolving line of credit facility, increasing total borrowing capacity from $10 million to $20 million. The amended facility was completed with The Huntington National Bank. The expanded credit facility will support LiftHigh’s...

Karta, a U.S.-issued credit card designed for global travelers with a 24/7 AI concierge service, engaged in a fundraise of $140 million, including a $15 million Series A and a $125 million credit facility. The Series A round was led...