Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Sole Lead Arranger for a first lien credit facility to support the acquisition of Handgards (the “Company”) by Wynnchurch Capital, L.P. (“Wynnchurch").

Kent Outdoors ("Kent" or the "Company"), which has been helping people in their pursuit of outdoor adventures for more than 60 years, today announced a $100 million credit facility from asset-based lender (ABL) Eclipse Business Capital. The new ABL facility follows recent investments from Goldman Sachs and Comvest Partners.

Encina Lender Finance, LLC announced today that it has closed a $22.5 million senior credit facility for an indirect auto finance platform with a long track record of success spanning over two decades.

A long-standing Loeb client in the mechanic training space was seeking a loan renewal to support their ongoing growth trajectory. In 24 months, they had added over $500,000 in new equipment and needed to restate their note to secure new capital that would ensure continued growth.

Big Shoulders Capital recently provided a $1MM debtor-in-possession loan for a steel fabrication business in Texas. Funds will provide working capital and enable a going-concern sale process.

Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a unitranche facility supporting the refinancing of Acentra Health (“Acentra”), a portfolio company of Carlyle. Acentra is a leading provider of technology products and services to government healthcare agencies that are essential to administering Medicaid, Medicare and other health programs at the federal and state level, including claims processing, enrollment and data analytics. OHA is the largest holder of the new financing.

PHX Minerals Inc., "PHX" or the "Company" (NYSE: PHX) today announced that PHX's bank lending group led by Independent Financial has completed its regularly scheduled semi-annual redetermination of the Company's senior secured credit facility (the "Credit Facility") and reaffirmed the existing $50 million Borrowing Base with no changes to pricing, covenants or other material terms.

Redaptive, the Energy-as-a-Service ("EaaS") leader, has announced it secured $225 million in a warehouse financing facility from ATLAS SP Partners ("ATLAS SP"), a global investment firm providing stable capital, financing, advisory and institutional products.

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Brooke Moyer as Senior Vice President and Director of Loan Syndications, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets.

The Maryland proposed financial disclosure bill, which closely resembled the New York law, has been successfully derailed during the recent legislative session. SFNet worked with a Maryland lobbyist in opposition to this bill. Although this outcome marks a victory for the industry, there is a strong possibility the bill will resurface in 2025.

Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The FILO Term Loan Facility significantly enhances the Company's liquidity position and is incremental to the borrowing capacity within the Company's current $900 million asset-based revolving loan facility ("ABL").

Barclays Bank PLC, Banco Santander, S.A., New York Branch, Capital One, National Association, J.P. Morgan Chase Bank, N.A. Mizuho Bank Ltd. Truist Securities, Inc. and Wells Fargo Securities, LLC acted as joint bookrunners and joint lead arrangers in the transaction.

As traditional banks, particularly those heavily invested in real estate, tighten their lending criteria, non-bank lenders capable of crafting customized solutions are well-positioned to thrive in today's credit environment. Illustrating that advantage, Edge Capital Lending, LLC (“Edge”), a family-office backed national asset-based lending company is proud to announce that it closed out 2023 with remarkable strength and kicked off 2024 on an impressive note.

SLR Digital Finance (SLRDF) is pleased to announce the funding of a $500,000 accounts receivable credit facility for an AI advertising technology company.

Monroe Capital LLC (“Monroe”) announced it acted as the sole lead arranger and administrative agent in the funding of a senior credit facility to support the growth of Exiger, alongside private equity sponsors Carlyle, Insight Partners, and JMI.

U.S. law firms Troutman Pepper Hamilton Sanders and Locke Lord said on Thursday they are in talks to merge, in what would be the largest law firm combination to emerge so far this year. Troutman Pepper and Locke Lord "can confirm they have entered into discussions about a possible combination," spokespeople for the two firms said in identical statements.

First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center.

SLR Healthcare ABL (“SLRHC”) is pleased to announce it has provided financing for a $9MM asset-based revolving credit facility to an Illinois based nursing home operator (“Company”). The Company includes four facilities with over 1,100 beds that specialize in short-term rehab, skilled nursing, and physical therapy.

J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.

J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.