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Silver Point Closes on $8.5 Billion in New Capital for Direct Lending Franchise
November 19, 2024Silver Point Capital, a global credit investing firm, today announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point's 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct lending vehicles made during the fundraising period, the total capital raised for Specialty Credit Fund III (with anticipated leverage) surpassed $8.5 billion.
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Solifi Recognised for Digital Innovation at Leasing Life Awards
November 19, 2024Solifi, a global fintech software partner for secured finance, has received an accolade for ESG Portfolio Strategist in the Digital Innovation of the Year (ESG) category at Leasing Life Awards 2024. Taking place in Milan, Italy on 14th November, the awards celebrate innovation and talent in the industry.
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Turnaround & Restructuring Expert Brian Gleason Voted President-Elect of the Turnaround Management Association
November 19, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, announces that Brian Gleason, a 25+ year consulting and turnaround management expert, has been selected to the Turnaround Management Association (TMA) leadership team beginning January, 2025.
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Republic Business Credit Funds $250,000 Fast AR Factoring Facility for Temporary Staffing Firm
November 19, 2024Republic’s Fast AR factoring solution delivered a $250,000 working capital solution that empowered the company’s founders with the financial freedom to not only match payroll demands but also support its growth initiatives in 2025.
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SLR Equipment Finance Expands its Finance Team and Announces That Matt Colegrove has Joined the Company
November 19, 2024SLR Equipment Finance (‘SLR EQF’) is pleased to announce Matt Colegrove has joined our company as Controller. In his position, Matt will play a key role in in building a strong Controllership and accounting team while overseeing business financials, managing treasury accounting and financial reporting.
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Great Rock Capital Provides a $50 Million Credit Facility to Basic Fun!
November 19, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided a $50 million exit financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels.
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Gordon Brothers to Provide Real Estate Consulting Services in Support of Kirkland’s Store Growth Strategy
November 19, 2024Gordon Brothers, the global asset experts, will provide real estate consulting services in support of Kirkland’s Inc.’s store growth strategy following the payoff of the firm’s $12 million term loan.
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Los Angeles Business Journal names CohnReznick’s Marc Wolf a Top 100 Accountant
November 19, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that the Los Angeles Business Journal has named Marc Wolf, CPA, Partner, Financial Services Industry Leader – South/West, to its Top 100 Accountants list for 2024.
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Flatbay Capital Grows Presence in Dallas-Fort Worth Area with New Marketing Representative and Brand Ambassador
November 19, 2024Flatbay Capital is proud to announce the addition of Stephanie Roehm, marketing representative and brand ambassador in the Dallas-Fort Worth area. Stephanie has extensive experience in real estate, sales and recruitment.
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Beacon Pointe Advisors Hires CFO Jon Frojen
November 19, 2024Beacon Pointe Advisors has hired Jon Frojen as Chief Financial Officer. Frojen departs from Osaic, formerly known as Advisor Group, and previously served as their Chief Financial Officer. Since 1985, Frojen has held various leadership positions, including CFO, VP, and Managing Director, across multiple companies.
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Wyndham and Lafayette Square Unlock New Financing Opportunities for Diverse Hotel Owners
November 19, 2024Wyndham Hotels & Resorts has teamed up with investment firm Lafayette Square to provide diverse hoteliers with improved access to capital. Through an exclusive relationship, Wyndham will vet and directly connect qualified owners with Lafayette Square, which aims to help hoteliers with up to $100 million in combined financing from the firm over the coming years.
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Debevoise Advises Morrisons in the Amendment and Extension of its Term Loan Facilities and Revolving Credit Facility
November 19, 2024Debevoise & Plimpton LLP has advised Wm Morrison Supermarkets Limited (“Morrisons”) in the successful amendment and extension of the group’s term loan facilities and its revolving credit facility.
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FAT Brands Announces Refinancing of Twin Peaks Credit Facility
November 19, 2024FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ: FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has priced the issuance of new notes to refinance its whole business securitization credit facility originated in October 2021.
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Empire Today® Announces Agreement for New Capital to Strengthen Liquidity
November 19, 2024Empire Today®, LLC, also known as Empire Carpet® and Empire Flooring® ("Empire" or "the Company"), the country's largest shop-at-home, direct-to-consumer flooring company, today announced that it has entered into a new credit facility with lenders holding approximately 82% of its existing term loans and 100% of its existing revolving commitments.
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Ultimate Finance Boosts Cash Flow Loan to £500k
November 19, 2024Specialist asset-based lender Ultimate Finance has increased its maximum cash flow loan size to £500,000, as part of its broader asset-based lending facility. The enhancement of the Working Capital proposition comes at a time for small and medium-sized enterprises (SMEs), which are currently navigating additional pressures and cash flow difficulties following recent budget announcements.
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Provident Bank Expands Mortgage Warehouse Lending Team Adding Vice President to Support Growth Strategy
November 18, 2024Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Mohamed Najam as Vice President, Senior Relationship Manager with the bank’s mortgage warehouse lending team, as the bank continues to bolster its specialty lending business, specifically in the mortgage warehouse space.
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Pathlight Joins $330,000,000 Credit Facility for Propel Holdings
November 18, 2024Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it has joined a $330,000,000 syndicated credit facility for Propel Holdings Inc ("Propel") in support of its CreditFresh line of business (the "credit facility"). Propel (TSX: PRL) is a fintech company facilitating access to credit for underserved consumers
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Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft
November 18, 2024On November 13, 2024, Wheels Up Experience Inc. (NYSE: UP) closed its new $332 million revolving equipment notes facility with Bank of America, and completed the acquisition of GrandView Aviation's fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft, and related maintenance assets and customer programs.
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Hilton Grand Vacations Announces Upsized and Consolidated $850 Million Warehouse Facility
November 18, 2024Hilton Grand Vacations Inc. (NYSE:HGV) announces today the closing on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024
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Spirit Airlines Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success as a Leading Low-Fare Carrier
November 18, 2024Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it has entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring.
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Silver Point Closes on $8.5 Billion in New Capital for Direct Lending Franchise
November 19, 2024Silver Point Capital, a global credit investing firm, today announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point's 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct lending vehicles made during the fundraising period, the total capital raised for Specialty Credit Fund III (with anticipated leverage) surpassed $8.5 billion.
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Solifi Recognised for Digital Innovation at Leasing Life Awards
November 19, 2024Solifi, a global fintech software partner for secured finance, has received an accolade for ESG Portfolio Strategist in the Digital Innovation of the Year (ESG) category at Leasing Life Awards 2024. Taking place in Milan, Italy on 14th November, the awards celebrate innovation and talent in the industry.
-
Turnaround & Restructuring Expert Brian Gleason Voted President-Elect of the Turnaround Management Association
November 19, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, announces that Brian Gleason, a 25+ year consulting and turnaround management expert, has been selected to the Turnaround Management Association (TMA) leadership team beginning January, 2025.
-
Republic Business Credit Funds $250,000 Fast AR Factoring Facility for Temporary Staffing Firm
November 19, 2024Republic’s Fast AR factoring solution delivered a $250,000 working capital solution that empowered the company’s founders with the financial freedom to not only match payroll demands but also support its growth initiatives in 2025.
-
SLR Equipment Finance Expands its Finance Team and Announces That Matt Colegrove has Joined the Company
November 19, 2024SLR Equipment Finance (‘SLR EQF’) is pleased to announce Matt Colegrove has joined our company as Controller. In his position, Matt will play a key role in in building a strong Controllership and accounting team while overseeing business financials, managing treasury accounting and financial reporting.
-
Great Rock Capital Provides a $50 Million Credit Facility to Basic Fun!
November 19, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided a $50 million exit financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels.
-
Gordon Brothers to Provide Real Estate Consulting Services in Support of Kirkland’s Store Growth Strategy
November 19, 2024Gordon Brothers, the global asset experts, will provide real estate consulting services in support of Kirkland’s Inc.’s store growth strategy following the payoff of the firm’s $12 million term loan.
-
Los Angeles Business Journal names CohnReznick’s Marc Wolf a Top 100 Accountant
November 19, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that the Los Angeles Business Journal has named Marc Wolf, CPA, Partner, Financial Services Industry Leader – South/West, to its Top 100 Accountants list for 2024.
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Flatbay Capital Grows Presence in Dallas-Fort Worth Area with New Marketing Representative and Brand Ambassador
November 19, 2024Flatbay Capital is proud to announce the addition of Stephanie Roehm, marketing representative and brand ambassador in the Dallas-Fort Worth area. Stephanie has extensive experience in real estate, sales and recruitment.
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Beacon Pointe Advisors Hires CFO Jon Frojen
November 19, 2024Beacon Pointe Advisors has hired Jon Frojen as Chief Financial Officer. Frojen departs from Osaic, formerly known as Advisor Group, and previously served as their Chief Financial Officer. Since 1985, Frojen has held various leadership positions, including CFO, VP, and Managing Director, across multiple companies.
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Wyndham and Lafayette Square Unlock New Financing Opportunities for Diverse Hotel Owners
November 19, 2024Wyndham Hotels & Resorts has teamed up with investment firm Lafayette Square to provide diverse hoteliers with improved access to capital. Through an exclusive relationship, Wyndham will vet and directly connect qualified owners with Lafayette Square, which aims to help hoteliers with up to $100 million in combined financing from the firm over the coming years.
-
Debevoise Advises Morrisons in the Amendment and Extension of its Term Loan Facilities and Revolving Credit Facility
November 19, 2024Debevoise & Plimpton LLP has advised Wm Morrison Supermarkets Limited (“Morrisons”) in the successful amendment and extension of the group’s term loan facilities and its revolving credit facility.
-
FAT Brands Announces Refinancing of Twin Peaks Credit Facility
November 19, 2024FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ: FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has priced the issuance of new notes to refinance its whole business securitization credit facility originated in October 2021.
-
Empire Today® Announces Agreement for New Capital to Strengthen Liquidity
November 19, 2024Empire Today®, LLC, also known as Empire Carpet® and Empire Flooring® ("Empire" or "the Company"), the country's largest shop-at-home, direct-to-consumer flooring company, today announced that it has entered into a new credit facility with lenders holding approximately 82% of its existing term loans and 100% of its existing revolving commitments.
-
Ultimate Finance Boosts Cash Flow Loan to £500k
November 19, 2024Specialist asset-based lender Ultimate Finance has increased its maximum cash flow loan size to £500,000, as part of its broader asset-based lending facility. The enhancement of the Working Capital proposition comes at a time for small and medium-sized enterprises (SMEs), which are currently navigating additional pressures and cash flow difficulties following recent budget announcements.
-
Provident Bank Expands Mortgage Warehouse Lending Team Adding Vice President to Support Growth Strategy
November 18, 2024Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Mohamed Najam as Vice President, Senior Relationship Manager with the bank’s mortgage warehouse lending team, as the bank continues to bolster its specialty lending business, specifically in the mortgage warehouse space.
-
Pathlight Joins $330,000,000 Credit Facility for Propel Holdings
November 18, 2024Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it has joined a $330,000,000 syndicated credit facility for Propel Holdings Inc ("Propel") in support of its CreditFresh line of business (the "credit facility"). Propel (TSX: PRL) is a fintech company facilitating access to credit for underserved consumers
-
Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft
November 18, 2024On November 13, 2024, Wheels Up Experience Inc. (NYSE: UP) closed its new $332 million revolving equipment notes facility with Bank of America, and completed the acquisition of GrandView Aviation's fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft, and related maintenance assets and customer programs.
-
Hilton Grand Vacations Announces Upsized and Consolidated $850 Million Warehouse Facility
November 18, 2024Hilton Grand Vacations Inc. (NYSE:HGV) announces today the closing on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024
-
Spirit Airlines Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success as a Leading Low-Fare Carrier
November 18, 2024Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it has entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring.