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Manulife-backed Serverfarm Upsizes TD Securities-led Credit Facility to $1.637 Billion to Deliver Critical Capacity to Hyperscale Tenants
December 19, 2024Serverfarm, a global data center developer and operator, has successfully increased its North American credit facility led by TD Securities to $1.637 billion, as part of its accelerated business growth backed by significant long-term commitments from hyperscale customers.
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Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.
December 18, 2024Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced it has entered into a multi-year Reserve-Based Lending (“RBL”) credit facility. The RBL facility, arranged with Citibank, N.A. (“Citi”), provides for an initial commitment of $44 million with the ability to expand up to $1 billion following production additions.
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BB Energy Asia Closes Secured Digital Borrowing Base Facility
December 18, 2024BB Energy Asia, a wholly-owned subsidiary of BB Energy Group Holding Ltd (“BB Energy Group” or the “Group”), has successfully closed a USD 340 million secured digital borrowing base facility (“Facility”) to support the working capital needs of its Asian trading business.
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Wolters Kluwer Indicator Survey Reveals Persisting Pain Points in Banks’ Risk Management and Regulatory Compliance Efforts
December 17, 2024While virtually half of respondents continue to express high levels of concern over key risk management and regulatory compliance obligations in the U.S. banking industry, those concerns are lower than in previous years, according to results of the 2024 Regulatory & Risk Management Indicator survey conducted by Wolters Kluwer.
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Private Credit Has New Opportunities in the Gulf, Golub Says
December 17, 2024New mid-sized businesses springing up in the Gulf will offer fresh lending opportunities to private credit firms in the region, the chief executive officer of Golub Capital said.
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Sound Point Provides Financing to Support the Acquisition of BNP Associates
December 17, 2024Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien, senior secured credit facility to BNP Associates, Inc. (“BNP” or the “Company”). The financing was used to support the acquisition of the Company by Godspeed Capital (“Godspeed” or the “Sponsor”).
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Mount Logan Capital Inc. Expands Corporate Credit Facility In Support of Key Business Initiatives
December 17, 2024Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) announced today that its wholly-owned subsidiary, MLC US Holdings LLC (“MLC US Holdings”), as Borrower, has entered into an amendment to its existing credit agreement (the “Fourth Amendment”) to upsize the facility by approximately $13.0 million, while amending the facility to, among other things, incorporate a pricing step-down mechanism as the business continues to perform, which is expected to reduce Mount Logan’s cost of debt.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Clarion Capital Partners' Acquisition of Arthur Murray International, Inc.
December 17, 2024Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Clarion Capital Partners' ("Clarion") acquisition of Arthur Murray International, Inc. ("Arthur Murray" or the "Company"), an international franchisor of dance studios.
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Q4 2024 RSM US Middle Market Business Index
December 17, 2024The data, which has been seasonally adjusted, is based on responses from 404 senior executives at middle market firms in a survey conducted by The Harris Poll from Oct. 1 to Oct. 22, 2024, before the presidential election on Nov. 5.
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Monroe Capital Supports Alpine Investors’ Investment in Guardian Restoration Partners
December 17, 2024Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the recapitalization of Guardian Restoration Partners (“Guardian”), an existing portfolio company of Alpine Investors.
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MA Asset Management Announces the Launch of Interval Fund MA Specialty Credit Income Fund (SCISX)
December 17, 2024MA Financial Group Limited ("MA") (ASX: MAF) an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of the MA Specialty Credit Income Fund (SCISX) ("the Fund") a continuously offered, closed-end interval fund registered under the Investment Company Act of 1940.
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Rosenthal Hires Dan Chang as Senior Business Development Officer Focused on West Coast
December 17, 2024Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced that Dan Chang has joined Rosenthal as Senior Business Development Officer.
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BHI Provides BrightNight With $25 Million In Financing, Increasing the Renewable Power Company’s Global Development Facility to $400 Million
December 17, 2024BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced that BHI and Bank Hapoalim are partnering on a loan which will provide $25 Million in financing to BrightNight, a renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions.
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Sallyport Commercial Finance Provides $750,000 for a Growing Client in the Disposal Service Industry
December 17, 2024Sallyport Commercial Finance is proud to announce a $750,000 full notification factoring facility for a growing client in the disposal services industry. The client offers a comprehensive range of waste management and recycling solutions in the multi-residential space.
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Speritas Capital Partners Arranges an $18 Million Closed ABL Deal
December 17, 2024Speritas Capital Partners today announced the closing of an $18 million asset-based revolving line of credit for a manufacturer of proprietary storage products. Speritas Capital was brought in by the client to assess financing options to pay off their current lender and to support substantial growth
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Hidden River Announces Investment in Seedbox Solution
December 17, 2024In a strategic move to support innovation and growth in the agricultural supply chain sector, Hidden River Strategic Capital ("Hidden River") has announced its investment in Seedbox Solution ("Seedbox" or the "Company"), a full-service provider of reusable packaging and fleet management solutions to the seed industry.
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Beacon Pointe Advisors Rounds Out the Year with Robust Growth Driven by Key Acquisitions
December 17, 2024Beacon Pointe Advisors ("Beacon Pointe") introduces its latest acquisitions of Artemis Financial Advisors ("Artemis") based in Boston, MA, and WhiteRock Wealth Management ("WhiteRock") who will be joining the existing Beacon Pointe Dallas, TX team and contributing to Beacon Pointe's collective $6B in assets under management in the Dallas-Fort Worth region.
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Trinity Capital Inc. Provides $50 Million in Equipment Financing to Form Energy
December 17, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $50 million in equipment financing to Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems.
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BizCap® Secures Growth Financing for Safety Network
December 17, 2024BizCap®, a commercial finance advisory firm established in 2002, announces it has structured and secured growth financing for Safety Network, a trusted provider of traffic control services and equipment dedicated to protecting California’s roadside workers and motorists since 1999.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces That Bryan Anderson has Joined the Company
December 16, 2024SLR Equipment Finance (SLR EQF) is pleased to announce Bryan Anderson has joined our company as a Senior Vice President, Vendor Sales. In his role, Bryan will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers in the central region of the U.S. Bryan began his career with Amur Equipment Finance. He most recently was with Equify Financial LLC.
-
Manulife-backed Serverfarm Upsizes TD Securities-led Credit Facility to $1.637 Billion to Deliver Critical Capacity to Hyperscale Tenants
December 19, 2024Serverfarm, a global data center developer and operator, has successfully increased its North American credit facility led by TD Securities to $1.637 billion, as part of its accelerated business growth backed by significant long-term commitments from hyperscale customers.
-
Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.
December 18, 2024Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced it has entered into a multi-year Reserve-Based Lending (“RBL”) credit facility. The RBL facility, arranged with Citibank, N.A. (“Citi”), provides for an initial commitment of $44 million with the ability to expand up to $1 billion following production additions.
-
BB Energy Asia Closes Secured Digital Borrowing Base Facility
December 18, 2024BB Energy Asia, a wholly-owned subsidiary of BB Energy Group Holding Ltd (“BB Energy Group” or the “Group”), has successfully closed a USD 340 million secured digital borrowing base facility (“Facility”) to support the working capital needs of its Asian trading business.
-
Wolters Kluwer Indicator Survey Reveals Persisting Pain Points in Banks’ Risk Management and Regulatory Compliance Efforts
December 17, 2024While virtually half of respondents continue to express high levels of concern over key risk management and regulatory compliance obligations in the U.S. banking industry, those concerns are lower than in previous years, according to results of the 2024 Regulatory & Risk Management Indicator survey conducted by Wolters Kluwer.
-
Private Credit Has New Opportunities in the Gulf, Golub Says
December 17, 2024New mid-sized businesses springing up in the Gulf will offer fresh lending opportunities to private credit firms in the region, the chief executive officer of Golub Capital said.
-
Sound Point Provides Financing to Support the Acquisition of BNP Associates
December 17, 2024Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien, senior secured credit facility to BNP Associates, Inc. (“BNP” or the “Company”). The financing was used to support the acquisition of the Company by Godspeed Capital (“Godspeed” or the “Sponsor”).
-
Mount Logan Capital Inc. Expands Corporate Credit Facility In Support of Key Business Initiatives
December 17, 2024Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) announced today that its wholly-owned subsidiary, MLC US Holdings LLC (“MLC US Holdings”), as Borrower, has entered into an amendment to its existing credit agreement (the “Fourth Amendment”) to upsize the facility by approximately $13.0 million, while amending the facility to, among other things, incorporate a pricing step-down mechanism as the business continues to perform, which is expected to reduce Mount Logan’s cost of debt.
-
Stellus Capital Management, LLC Provides Unitranche Financing in Support of Clarion Capital Partners' Acquisition of Arthur Murray International, Inc.
December 17, 2024Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Clarion Capital Partners' ("Clarion") acquisition of Arthur Murray International, Inc. ("Arthur Murray" or the "Company"), an international franchisor of dance studios.
-
Q4 2024 RSM US Middle Market Business Index
December 17, 2024The data, which has been seasonally adjusted, is based on responses from 404 senior executives at middle market firms in a survey conducted by The Harris Poll from Oct. 1 to Oct. 22, 2024, before the presidential election on Nov. 5.
-
Monroe Capital Supports Alpine Investors’ Investment in Guardian Restoration Partners
December 17, 2024Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the recapitalization of Guardian Restoration Partners (“Guardian”), an existing portfolio company of Alpine Investors.
-
MA Asset Management Announces the Launch of Interval Fund MA Specialty Credit Income Fund (SCISX)
December 17, 2024MA Financial Group Limited ("MA") (ASX: MAF) an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of the MA Specialty Credit Income Fund (SCISX) ("the Fund") a continuously offered, closed-end interval fund registered under the Investment Company Act of 1940.
-
Rosenthal Hires Dan Chang as Senior Business Development Officer Focused on West Coast
December 17, 2024Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced that Dan Chang has joined Rosenthal as Senior Business Development Officer.
-
BHI Provides BrightNight With $25 Million In Financing, Increasing the Renewable Power Company’s Global Development Facility to $400 Million
December 17, 2024BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced that BHI and Bank Hapoalim are partnering on a loan which will provide $25 Million in financing to BrightNight, a renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions.
-
Sallyport Commercial Finance Provides $750,000 for a Growing Client in the Disposal Service Industry
December 17, 2024Sallyport Commercial Finance is proud to announce a $750,000 full notification factoring facility for a growing client in the disposal services industry. The client offers a comprehensive range of waste management and recycling solutions in the multi-residential space.
-
Speritas Capital Partners Arranges an $18 Million Closed ABL Deal
December 17, 2024Speritas Capital Partners today announced the closing of an $18 million asset-based revolving line of credit for a manufacturer of proprietary storage products. Speritas Capital was brought in by the client to assess financing options to pay off their current lender and to support substantial growth
-
Hidden River Announces Investment in Seedbox Solution
December 17, 2024In a strategic move to support innovation and growth in the agricultural supply chain sector, Hidden River Strategic Capital ("Hidden River") has announced its investment in Seedbox Solution ("Seedbox" or the "Company"), a full-service provider of reusable packaging and fleet management solutions to the seed industry.
-
Beacon Pointe Advisors Rounds Out the Year with Robust Growth Driven by Key Acquisitions
December 17, 2024Beacon Pointe Advisors ("Beacon Pointe") introduces its latest acquisitions of Artemis Financial Advisors ("Artemis") based in Boston, MA, and WhiteRock Wealth Management ("WhiteRock") who will be joining the existing Beacon Pointe Dallas, TX team and contributing to Beacon Pointe's collective $6B in assets under management in the Dallas-Fort Worth region.
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Trinity Capital Inc. Provides $50 Million in Equipment Financing to Form Energy
December 17, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $50 million in equipment financing to Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems.
-
BizCap® Secures Growth Financing for Safety Network
December 17, 2024BizCap®, a commercial finance advisory firm established in 2002, announces it has structured and secured growth financing for Safety Network, a trusted provider of traffic control services and equipment dedicated to protecting California’s roadside workers and motorists since 1999.
-
SLR Equipment Finance Expands its Business Development Capabilities and Announces That Bryan Anderson has Joined the Company
December 16, 2024SLR Equipment Finance (SLR EQF) is pleased to announce Bryan Anderson has joined our company as a Senior Vice President, Vendor Sales. In his role, Bryan will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers in the central region of the U.S. Bryan began his career with Amur Equipment Finance. He most recently was with Equify Financial LLC.