News

The Federal Open Market Committee cut the base interest rate by .25%.

Aura, a lender to working families, has closed a $130 million asset-backed revolving credit facility with Varadero Capital.

Next Edge Capital closed a revolving credit facility for $47.5 million with CIBC1 and NELI Canada LP2, a special purpose funding vehicle utilized by the Next Edge Private Debt Fund.

SG Credit Partners completed a second lien work flow loan for a provider of IT managed services and cloud collaboration solutions.

FTI Consulting has appointed David White as a senior managing director and leader of the West region of the Office of the CFO Solutions practice within the Corporate Finance & Restructuring segment.

TAB Bank has provided a $5.5 million asset-based revolving credit facility for an organic foods company located in Pennsylvania.

Landec amended its credit facility with its current syndicate of lenders,;JPMorgan Chase, BMO Harris Bank and City National Bank.

Lee Equity Partners has acquired Cosmetic Solutions, a turnkey outsourced service provider to premium skincare brands. Twin Brook Capital Partners provided $90.5 million of debt financing to support the acquisition.

Sheppard, Mullin, Richter & Hampton has added Joel Bannister to the firm’s Finance and Bankruptcy practice group as a partner in its Dallas office. _x000D_ _x000D_

Briar Capital Real Estate Funds provided a $9.5 million real estate term loan to an Oilfield Service Provider in Houston.