News

Perk (formerly TravelPerk), the AI-native travel and spend management platform, closed a $300 million private credit facility led by Neuberger Speciality Finance, alongside Blue Owl Capital, Hercules Capital and Liquidity. The facility upsizes and replaces Perk’s 2024 credit facility on...

CIBC Bank USA’s asset-based lending team closed a new senior credit facility to Spartanburg Steel Products, which was used to refinance existing debt and support the company’s ongoing working capital and growth initiatives. The comprehensive facility includes a revolving line...

Mountain Ridge Capital (MRC), an asset-based commercial finance company, previously provided a $30 million asset-based lending facility to a family-owned, multi-generational, footwear design company. The company has successfully refinanced with a bank facility. The company came to MRC two years...

Obra Capital, an asset management firm with a specialized approach to alternative investing, closed its fourth collateralized loan obligation (CLO) offering (Obra CLO 4) at $403.05 million in size. The close brings Obra’s total CLO transaction issuance to over $1.75...

Red White & Bloom Brands (RWB) provided an update in connection with the ongoing insolvency proceedings of Ayurcann and its parent under the companies’ Creditors Arrangement Act (CCAA) and the previously announced sale transaction involving the company’s wholly-owned subsidiary, Emblem...

Joey Myers rejoined PlainsCapital Bank as senior vice president, senior relationship manager. He is based at the bank’s location at The Star in Frisco. Myers brings more than 19 years of banking experience, with a strong background in commercial lending...

David Musicant joined Sunflower Bank in a newly created regional president role to lead strategy and growth of its commercial banking teams. Musicant oversees the bank’s commercial banking strategy in Orange County and is scaling immediately with new hires in...

SouthStar Capital closed a $750,000 combined purchase order and accounts receivable financing facility for a California-based consumer products company specializing in the development and distribution of branded trading card games. The company distributes its products through a network of domestic...

Rosenthal Capital Group (RCG), a private commercial finance firm in the United States, completed a $30 million factoring deal for an apparel and accessories business. A woman-owned apparel and accessories company doing in excess of $100 million in sales was...

White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, acting as sole lead arranger, closed a $192 million senior secured credit facility, comprised of a $155 million revolver and a $37 million term loan, for Royal Cup...