News

Stellus Capital Investment entered into an amendment and extension of its $230 million senior secured revolving credit agreement facilitated by Amegy Bank.

Following the launch of Citi Impact Fund, the company announced its first four investments in “double bottom line” companies through the new fund; Fulcrum BioEnergy, ICON, PadSplit, and The Mom Project.

GSO Capital Partners committed $250 million in capital to Blackstone’s new portfolio company, ClearGen, which will finance and own distributed and sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.

Cadence Bank rebranded AloStar Capital Finance, a division of the bank that provides asset-based lending and specialty finance solutions, to Cadence Business Finance. In addition, Norbert Schmidt was appointed executive vice president and director of capital finance.

Enservco signed a non-binding letter of intent with East West Bank to amend its existing senior revolving credit facility to reduce bank debt by $16 million, amend the current facility into a term loan and provide a new working capital...

Advantage Capital completed a small business loan for All-In Recruiting, which is a minority- and woman-owned boutique staffing and recruitment agency specializing in placing top talent and diverse professionals in mid- to senior-level positions for large tech companies.

Pagaya hired Jeff Andrews as head of originations, Paul Limanni as head of structured products, Brandon McCue as senior managing director of client advisory, Rob Brady as senior managing director of institutional sales U.S. and Anna Roubos as VP of...

Crestmark secured more than $27.3 million in commercial financing transactions in the first half of September, including a total of $6.973 million in ABL financial solutions for four new clients.

For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining tech-savvy workforces, according to a new survey conducted by The Harris Poll for CIT.

Antares Capital Advisers, a subsidiary of Antares Capital closed its inaugural senior loan fund. The fund, which launched in December 2019, closed on September 14 with approximately $3 billion of asset purchasing power, exceeding its initial target of $1.5 billion.