Commercial Credit Group (CCG), an independent commercial equipment finance company, has successfully closed its 19th asset-backed securitization (ABS), raising $477.170 million to support its continued growth. The transaction attracted participation...
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March 21, 2025, 07:16 AM
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Encina Lender Finance (“ELF”) announced a $125 million upsized credit facility commitment to a non-prime credit card platform. In connection with this transaction, ELF recruited a like-minded partner and ABF co-investor to join the credit...
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March 20, 2025, 06:50 AM
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North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender and lessor headquartered in Norwalk, Conn., announced the successful closing of its ninth asset-backed securitization (ABS), NMEF Funding 2025-A (“NMEF...
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March 19, 2025, 07:15 AM
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Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, announced the closing of a USD $20 million senior secured credit facility for Bouclair, a leading Canadian home brand and omnichannel retailer specializing in stylish and affordable...
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March 19, 2025, 06:55 AM
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Utica Equipment Finance announced the closing of a $7.5MM Capital Lease to support a leading precision manufacturing firm in its strategic acquisition of two complementary businesses specializing in high-quality machining and advanced tooling...
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March 18, 2025, 07:15 AM
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GreatAmerica Financial Services announced that it closed its 26th term securitization with $692.58 million of privately placed bonds. S&P and Fitch rated 93.4% of the bonds in the transaction as AAA, unchanged from the prior nine transactions from...
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March 17, 2025, 07:15 AM
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Post Road Equipment Finance ("PREF") announced the successful closing of a $40 million sale-leaseback transaction with a leading global manufacturer of complex engine components for the aerospace and power generation industries. The manufacturer, a...
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March 17, 2025, 07:11 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary provided a $45 million non-recourse factoring facility to a sponsor-owned, technology-driven logistics services company in the Mountain States region.The transaction was...
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March 11, 2025, 07:00 AM
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Post Road Equipment Finance ("PREF") announced the successful closing of a $15 million sale-leaseback transaction with a leading sustainable labels and packaging manufacturer. The company specializes in premium label solutions, serving blue-chip...
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March 10, 2025, 07:05 AM
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Sallyport announced the successful funding of a $500,000 accounts receivables facility for a growing Oilfield Services business.With increasing business activity and extended customer payment terms, the company faced stretched accounts payables...
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March 10, 2025, 06:55 AM
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First Citizens Bank announced that its Energy Finance business has served as lead agent on a $74 million financing of GridStor’s Hidden Lakes Reliability Project, a 220 MW/440 MWh battery storage project in Galveston County, Texas.GridStor is a...
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March 07, 2025, 06:50 AM
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Utica Equipment Finance announced the closing of a $1.625 million Capital Lease, secured by machinery and equipment, for a multi-location coal mining company. This strategic financing will support the company’s efforts to enhance operational capacity...
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March 05, 2025, 07:10 AM
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Gateway Trade Funding, a PO and Stretch Financing company, announced that it has completed the following Stretch Finance transactions:
A $1 million facility for an encoder and decoder company.
A $25,000 facility for a telecom construction...
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February 28, 2025, 06:45 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $30 million credit facility to Conexwest, a provider of new, used and refurbished shipping containers.Founded in 2014...
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February 27, 2025, 07:05 AM
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SLR Business Credit announced the funding of two new senior secured credit facilities for Southern Transport LLC and Southern Lifting and Hoisting LLC (“Southern Group” or the “Company”). Southern Group provides transportation of specialized heavy...
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February 26, 2025, 06:50 AM
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AP Equipment Financing closed a new $130 million term securitization facility with Mizuho Bank. The additional bank facility increased AP’s capital stack to over $600 million.“We are very excited to partner with Mizuho Bank and expand upon our...
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February 26, 2025, 06:40 AM
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Encina Lender Finance announced a $75 million senior credit facility to a fast-growing fintech to support growth of its corporate charge card program. The facility is secured by a highly diversified pool of small balance, short-duration corporate...
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February 20, 2025, 06:40 AM
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Houlihan Lokey, a global investment bank, announced that Carle Felton has joined as a Managing Director in its Capital Markets Group. Felton is based in Atlanta and will further strengthen the firm’s private capital financing capabilities for its...
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February 19, 2025, 06:45 AM
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PEAC Solutions announced the successful closing of its first Asset Backed Securitization (ABS) transaction of 2025 on Feb. 11th. This transaction was the largest PEAC issuance and the third within eight months.PEAC Solutions Receivables 2025-1 LLC...
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February 13, 2025, 07:13 AM
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Sallyport Commercial Finance has successfully provided a $10 million facility to a leading hydroponic and lighting supplies company in the Agricultural industry. The funding, structured across Accounts Receivable, Inventory and Purchase Order Finance...
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February 13, 2025, 07:10 AM
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Encina Lender Finance and Cardo AI have created a partnership to revolutionize the asset-based finance (ABF) market, delivering faster, more efficient funding solutions for originators and greater capital deployment opportunities for institutional...
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February 13, 2025, 07:07 AM
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Solifi, a global fintech software partner for secured finance, announced the successful implementation of its equipment finance solutions by Rosenthal & Rosenthal, a private commercial finance firm in the United States.An eight-decades-old firm...
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February 12, 2025, 07:10 AM
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NineDot Energy, a developer of community-scale battery energy storage systems (BESS) in the New York City metro area, announced the closing of a $65 million equipment financing transaction led by First Citizens Bank, a leader in renewable energy...
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January 23, 2025, 07:12 AM
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MidOcean Partners (“MidOcean”), an alternative asset manager specializing in middle-market private equity, alternative credit and structured capital, announced today that it led a $197.5 million structured equity investment in OWN Equipment Fund I, a...
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January 10, 2025, 06:55 AM
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nFusion Capital and Iron Horse Credit announced the funding of a $5.5 million line of credit to a wholesaler of kitchenware, chinaware, and kitchen accessories. The financing will support the Company’s working capital needs and provide a steady flow...
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November 07, 2024, 05:45 AM
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MidCap Business Credit completed a $7.5 million asset-based line of credit to a food importer and distributor located in the Northeast. The revolver is supported by advances against accounts receivable and inventory. Sourced and closed out of...
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October 16, 2024, 07:08 AM
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Wintrust Business Credit closed an asset-based lending (ABL) line of credit for SmithFoods, a Midwest-based manufacturer of dairy products. After a divestiture that reshaped the company’s focus, SmithFoods was looking for the right banking partner as...
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October 16, 2024, 07:00 AM
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Abacus Finance Group, served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support Achieve Partners in its leveraged buyout of Ascend Partners. Additionally, Abacus Finance Group made an equity co-investment in Ascend...
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October 16, 2024, 05:00 AM
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Cautious optimism marked the second quarter in the asset-based lending market as banks and other lenders saw a rise in new-deal activity, according to data released by the Secured Finance Network. They continued to monitor signs of cooling in the U.S...
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October 01, 2024, 07:05 AM
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KBRA released updated research that examines the resilience of its ratings for fund finance structures and rated notes employed by middle market corporate lending funds.The private credit market, in particular the direct lending and infrastructure...
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September 24, 2024, 07:04 AM
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A California-based, national staffing firm wanted a new financing partner after its incumbent bank opted not to renew its current line of credit due to the size of the credit facility, as the bank chose to focus on mid-market clients. The company...
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September 24, 2024, 06:00 AM
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