News

Simmons Bank, a wholly owned subsidiary of Simmons First National, added Jim Recer as executive vice president, commercial regional executive. In this role, Recer will lead Simmons’ commercial and industrial (C&I) banking strategy across Texas, Nashville, Kansas City and St....

RBC Global Asset Management (U.S.) launched the RBC BlueBay Enhanced Income Fund, a closed-end interval fund providing U.S. investors with access to alternative credit markets through collateralized loan obligations (CLOs). The fund is an actively managed portfolio primarily investing in...

Cardo AI launched a new cash flow modeling tool for asset-based finance and specialty finance, built as a modern alternative to incumbent structured-finance cash flow engines such as Intex. The tool addresses a problem that has constrained analysts for years:...

Commercial Funding Partners recently closed a $36 million sale-leaseback recapitalization for a Midwest manufacturer, structured as a 60-month non-tax lease. The transaction recapitalized the manufacturer’s entire facility and required a financing structure that matched the operating reality of the business....

Cerus closed a new debt facility with MidCap Financial, providing up to $110 million. The facility consists of a 5-year term loan and an asset-backed revolving loan. The refinancing is expected to reduce annual cash interest expense by up to...

Applied Digital, a designer, builder and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, networking and blockchain workloads, closed a revolving credit facility on May 29, 2026. The credit facility was arranged by Goldman Sachs...

Birks Group signed a five-year $32.5 million senior secured term loan facility with 1903P Loan Agent, an affiliate of Gordon Brothers and the designated administrative agent under the facility. The new term loan, which matures in June 2031, refinances the...

Cresco Labs closed a credit agreement with Needham Bank, a Massachusetts-based commercial bank, providing the company with a $50 million revolving credit facility. Borrowings under the facility will be available to fund growth initiatives, acquisitions and general corporate purposes. As...

Rosenthal Capital Group (RCG), a private commercial finance firm in the United States, completed three separate deals totaling $5 million in the beauty, food & beverage and furniture sectors. A direct-to-consumer beauty brand was seeking financing to support exponential growth...

SouthStar Capital closed an accounts receivable financing facility for a Southeast-based commercial landscaping and maintenance company serving government, multifamily, retail and commercial property customers throughout the region. As the business entered its peak operating season, it experienced a temporary cash...