News

RESIDCO, a specialty leasing and asset-based investment platform focused on rail and aviation equipment, renewed and expanded its $450 million senior secured revolving credit facility, led and arranged by Fifth Third Bank. The renewed facility totals $450 million, representing an...

Richard Wainio has joined CIBC as business development officer and managing director within the asset-based lending group, based in Cleveland, OH. Wainio brings more than 30 years of industry experience, with deep expertise in new business generation and structuring senior...

WhiteFiber, a provider of AI infrastructure and high-performance computing solutions, entered into a $100 million delayed draw term loan facility with Bit Digital Capital, a wholly owned subsidiary of Bit Digital. The facility may be increased to $150 million upon...

SouthStar Capital deployed a $1.5 million asset-based lending facility, including equipment financing, for a multi-entity business operating within the equipment leasing and professional services sectors. The borrower, part of a broader corporate structure, operates multiple affiliated entities focused on leasing...

Sallyport Commercial Finance closed a $4.9 million inventory finance facility for a company specializing in acquiring and revitalizing advanced manufacturing technologies to strengthen domestic production capabilities. The funding will support the client’s continued growth strategy following its acquisition of selected...

Jerry Hall joined Dechert as a partner in its restructuring practice, based in New York. Hall’s arrival follows financial restructuring partners Marcus Helt, Debbie Green and Jack Haake, who joined Dechert earlier this month, continuing the firm’s investment in its...

FGI Worldwide, a provider of working capital financing and trade credit insurance solutions, has announced the hiring of Victor Espinosa as managing director, FGI Risk. Based out of the Boca Raton office, Espinosa will lead the overall strategy, performance, and...

Provident Bank, a New Jersey-based financial institution, promoted Jessica Dudick to senior vice president, team leader with the bank’s Monmouth/Ocean C&I lending team. Dudick is based in the bank’s Iselin, New Jersey office and is responsible for managing a team...

FTI Consulting appointed Damon Yousefy as a senior managing director in the transactions practice within the firm’s corporate finance segment. Yousefy, who is based in Dallas, specializes in restructuring and bankruptcy tax and has worked on numerous notable debt restructurings...

The Office of the Comptroller of the Currency (OCC) has terminated Axiom Bank’s Formal Agreement dated October 3, 2024, effective April 29, 2026. This marks the successful completion of a transformation that has reshaped the institution’s governance, risk management infrastructure...