- Deal Activity Slows for Asset-Based Lending, but Portfolio Performance Stays Strong
- Exploring the Future of Supply Chain Finance: Insights from SFNet's Inaugural Conference
- Navigating 2025: SFNet’s Asset-Based Capital Conference Returns to Las Vegas with Premier Insights and Networking
- Siena Lending Group Announces Leadership Transition Plan
- Celebrating the Achievements of SFNet Chapters
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Factoring for Success in 2023 and Beyond
Aug 23, 2023Access to ready working capital is critical to the success of a business, whether it is for maintaining ongoing operations or investing in future growth. Yet, short-term liquidity constraints are common, particularly during uncertain economic times. Factoring can offer a critical lifeline – providing reliable cashflow, credit protection and trusted guidance to help companies navigate the current market challenges.
-
Second Avenue Capital Partners Arranges Credit Facilities for True Religion
Aug 23, 2023Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”). SACP served in various roles for the transaction including Sole Arranger, Revolver Agent, Sole Revolver Lender and Term Loan Lender.
-
eCapital Taps Tim Peters to Take Helm of ABL Group
Aug 21, 2023eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., is pleased to announce the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth the division has achieved over the past year.
-
Asset-Based Lending: A Primer for Borrowers and New Hires
Aug 17, 2023
Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.
-
Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
Aug 15, 2023Encina Lender Finance, LLC (ELF) announced today the continued expansion of its leadership team with the addition of four seasoned industry veterans. ELF is joined by Rick Snyder as head of Originations for the Consumer Vertical, Aharon Tarnavsky as head of Originations for the Commercial Vertical, Kathy Myers as managing director of Risk, and Megan McKinless as director of Syndications.
-
Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
Aug 14, 2023Patrick Ta was always an entrepreneur. He opened his first tanning and beauty salon at 17 years old, learning key lessons, as well as the art of the pivot that would inform his future beauty career. After closing the doors to his first venture in Scottsdale, AZ, Ta moved to Los Angeles, CA, and further explored his passion for makeup. -
Thomas Siska Named SVP, Head of Factoring at eCapital, Continuing Trend of Top-Level Hires
Aug 14, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in finance solutions for businesses throughout North America and the U.K., proudly announces a key addition to its leadership team. Thomas Siska has accepted the role of Senior Vice President (SVP), Head of Factoring, further strengthening eCapital's commitment to securing top-tier talent and enhancing its market position.
-
Gibraltar Equipment Finance (GEF) Expands East Coast Business Development with SVP Steve Sanders
Aug 14, 2023
Gibraltar Equipment Finance (GEF) is proud to announce the expansion of its Originations team with the addition of Steve Sanders, who will be serving the East Coast as SVP of Business Development. GEF’s new hire comes on the heels of GEF’s market momentum with its growing funding activity.
-
SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
Aug 9, 2023The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15. -
Ares Commercial Finance Provides $35.0 Million Private Trade Receivables Securitization Facility to Behavioral Health Treatment Services Company
Aug 8, 2023Ares Commercial Finance announced today that it has provided a $35.0 million Private Trade Receivables Securitization Facility to a behavioral health treatment services organization, a portfolio company of a top-tier global private equity firm.
-
Mitigating Borrowers’ Cybersecurity Risk
Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity. -
New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
Aug 7, 2023Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick. This team will further strengthen the firm’s services to financial institutions across corporate, finance, bankruptcy, litigation, and restructuring needs.
-
Gordon Brothers & Nations Capital Join Forces to Expand Commercial & Industrial Presence
Gordon Brothers, the global advisory, restructuring and investment firm, and Nations Capital Inc. (NCI) have joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions.
Gordon Brothers’ majority investment in NCI will bolster both firms’ existing commercial and industrial capabilities in North America, which include asset-focused solutions across valuations, dispositions, financing and investment.
-
Unleashing the Power of AI in the Secured Finance Industry: A Journey into Change and Evolution
Aug 2, 2023Change is the great shapeshifter of existence. It is the unseen artist who paints the landscape of our lives with broad strokes of innovation and evolution. In the world of secured finance, change is manifesting through a potent and promising medium—Artificial Intelligence (AI). One particular AI innovation, OpenAI’s ChatGPT, is at the frontier of this change, offering a path filled with opportunities and potential challenges. -
Legacy Corporate Lending Provides $10 Million Credit Facility to Franklin Baker Incorporated
Aug 2, 2023Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”). The facility will be used to support the company’s ongoing working capital needs and continued growth.
-
CEOs Unite for Progress: Taking the Pledge to Support Diversity, Equity, and Inclusion (DEI)
Aug 1, 2023As the chair of the SFNet’s Diversity, Equity and Inclusiveness Committee I meet with my committee composed of industry volunteers to discuss our mission of building diversity, equality and inclusion within our member companies, industry, and community. We seek to identify the issues and create awareness of the challenges, provide resources for improvements, and demonstrate sustained measurable positive outcomes throughout our SFNet community. -
eCapital Upsizes Bank Line to $1.4 Billion to Fuel Growth
Jul 31, 2023eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders and, with Regions Bank, acted as joint lead arrangers and joint book runners for the facility.
-
Regulators Announce New Proposed Rules for Capital Requirements at Large Banks
Jul 27, 2023The Office of the Comptroller of the Currency, along with the Federal Reserve and FDIC released their long anticipated interagency Notice of Rulemaking. The Proposal, which will be subject to a comment period through November 30, 2023, incorporates final components of the Basel III agreement and lays out significant changes to capital requirements for banks with over $100B in total assets.
-
Breakout Capital Secures $45 Million Credit Facility Led by Synovus Bank
Breakout Capital, a leading fintech company simplifying access to capital for small businesses, announced today the completion of a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility. Under the terms of the agreement, Breakout may now obtain funding through Synovus by accessing $35 million of committed capacity with an additional $10 million uncommitted.
-
First Citizens Bank Serves as Lead Arranger on $211 Million Financing for North Carolina Solar Power Development
Jul 25, 2023First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, North Carolina.
-
Factoring for Success in 2023 and Beyond
Aug 23, 2023
Access to ready working capital is critical to the success of a business, whether it is for maintaining ongoing operations or investing in future growth. Yet, short-term liquidity constraints are common, particularly during uncertain economic times. Factoring can offer a critical lifeline – providing reliable cashflow, credit protection and trusted guidance to help companies navigate the current market challenges.
-
Second Avenue Capital Partners Arranges Credit Facilities for True Religion
Aug 23, 2023Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”). SACP served in various roles for the transaction including Sole Arranger, Revolver Agent, Sole Revolver Lender and Term Loan Lender.
-
eCapital Taps Tim Peters to Take Helm of ABL Group
Aug 21, 2023eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., is pleased to announce the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth the division has achieved over the past year.
-
Asset-Based Lending: A Primer for Borrowers and New Hires
Aug 17, 2023
Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.
-
Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
Aug 15, 2023Encina Lender Finance, LLC (ELF) announced today the continued expansion of its leadership team with the addition of four seasoned industry veterans. ELF is joined by Rick Snyder as head of Originations for the Consumer Vertical, Aharon Tarnavsky as head of Originations for the Commercial Vertical, Kathy Myers as managing director of Risk, and Megan McKinless as director of Syndications.
-
Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
Aug 14, 2023Patrick Ta was always an entrepreneur. He opened his first tanning and beauty salon at 17 years old, learning key lessons, as well as the art of the pivot that would inform his future beauty career. After closing the doors to his first venture in Scottsdale, AZ, Ta moved to Los Angeles, CA, and further explored his passion for makeup.
-
Thomas Siska Named SVP, Head of Factoring at eCapital, Continuing Trend of Top-Level Hires
Aug 14, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in finance solutions for businesses throughout North America and the U.K., proudly announces a key addition to its leadership team. Thomas Siska has accepted the role of Senior Vice President (SVP), Head of Factoring, further strengthening eCapital's commitment to securing top-tier talent and enhancing its market position.
-
Gibraltar Equipment Finance (GEF) Expands East Coast Business Development with SVP Steve Sanders
Aug 14, 2023
Gibraltar Equipment Finance (GEF) is proud to announce the expansion of its Originations team with the addition of Steve Sanders, who will be serving the East Coast as SVP of Business Development. GEF’s new hire comes on the heels of GEF’s market momentum with its growing funding activity.
-
SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
Aug 9, 2023The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15.
-
Ares Commercial Finance Provides $35.0 Million Private Trade Receivables Securitization Facility to Behavioral Health Treatment Services Company
Aug 8, 2023Ares Commercial Finance announced today that it has provided a $35.0 million Private Trade Receivables Securitization Facility to a behavioral health treatment services organization, a portfolio company of a top-tier global private equity firm.
-
Mitigating Borrowers’ Cybersecurity Risk
Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity.
-
New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
Aug 7, 2023Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick. This team will further strengthen the firm’s services to financial institutions across corporate, finance, bankruptcy, litigation, and restructuring needs.
-
Gordon Brothers & Nations Capital Join Forces to Expand Commercial & Industrial Presence
Gordon Brothers, the global advisory, restructuring and investment firm, and Nations Capital Inc. (NCI) have joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions.
Gordon Brothers’ majority investment in NCI will bolster both firms’ existing commercial and industrial capabilities in North America, which include asset-focused solutions across valuations, dispositions, financing and investment.
-
Unleashing the Power of AI in the Secured Finance Industry: A Journey into Change and Evolution
Aug 2, 2023Change is the great shapeshifter of existence. It is the unseen artist who paints the landscape of our lives with broad strokes of innovation and evolution. In the world of secured finance, change is manifesting through a potent and promising medium—Artificial Intelligence (AI). One particular AI innovation, OpenAI’s ChatGPT, is at the frontier of this change, offering a path filled with opportunities and potential challenges.
-
Legacy Corporate Lending Provides $10 Million Credit Facility to Franklin Baker Incorporated
Aug 2, 2023Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”). The facility will be used to support the company’s ongoing working capital needs and continued growth.
-
CEOs Unite for Progress: Taking the Pledge to Support Diversity, Equity, and Inclusion (DEI)
Aug 1, 2023As the chair of the SFNet’s Diversity, Equity and Inclusiveness Committee I meet with my committee composed of industry volunteers to discuss our mission of building diversity, equality and inclusion within our member companies, industry, and community. We seek to identify the issues and create awareness of the challenges, provide resources for improvements, and demonstrate sustained measurable positive outcomes throughout our SFNet community.
-
eCapital Upsizes Bank Line to $1.4 Billion to Fuel Growth
Jul 31, 2023eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders and, with Regions Bank, acted as joint lead arrangers and joint book runners for the facility.
-
Regulators Announce New Proposed Rules for Capital Requirements at Large Banks
Jul 27, 2023The Office of the Comptroller of the Currency, along with the Federal Reserve and FDIC released their long anticipated interagency Notice of Rulemaking. The Proposal, which will be subject to a comment period through November 30, 2023, incorporates final components of the Basel III agreement and lays out significant changes to capital requirements for banks with over $100B in total assets.
-
Breakout Capital Secures $45 Million Credit Facility Led by Synovus Bank
Breakout Capital, a leading fintech company simplifying access to capital for small businesses, announced today the completion of a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility. Under the terms of the agreement, Breakout may now obtain funding through Synovus by accessing $35 million of committed capacity with an additional $10 million uncommitted.
-
First Citizens Bank Serves as Lead Arranger on $211 Million Financing for North Carolina Solar Power Development
Jul 25, 2023First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, North Carolina.
-
Factoring for Success in 2023 and Beyond
Aug 23, 2023
Access to ready working capital is critical to the success of a business, whether it is for maintaining ongoing operations or investing in future growth. Yet, short-term liquidity constraints are common, particularly during uncertain economic times. Factoring can offer a critical lifeline – providing reliable cashflow, credit protection and trusted guidance to help companies navigate the current market challenges.
-
Second Avenue Capital Partners Arranges Credit Facilities for True Religion
Aug 23, 2023Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”). SACP served in various roles for the transaction including Sole Arranger, Revolver Agent, Sole Revolver Lender and Term Loan Lender.
-
eCapital Taps Tim Peters to Take Helm of ABL Group
Aug 21, 2023eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., is pleased to announce the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth the division has achieved over the past year.
-
Asset-Based Lending: A Primer for Borrowers and New Hires
Aug 17, 2023
Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.
-
Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
Aug 15, 2023Encina Lender Finance, LLC (ELF) announced today the continued expansion of its leadership team with the addition of four seasoned industry veterans. ELF is joined by Rick Snyder as head of Originations for the Consumer Vertical, Aharon Tarnavsky as head of Originations for the Commercial Vertical, Kathy Myers as managing director of Risk, and Megan McKinless as director of Syndications.
-
Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
Aug 14, 2023Patrick Ta was always an entrepreneur. He opened his first tanning and beauty salon at 17 years old, learning key lessons, as well as the art of the pivot that would inform his future beauty career. After closing the doors to his first venture in Scottsdale, AZ, Ta moved to Los Angeles, CA, and further explored his passion for makeup.
-
Thomas Siska Named SVP, Head of Factoring at eCapital, Continuing Trend of Top-Level Hires
Aug 14, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in finance solutions for businesses throughout North America and the U.K., proudly announces a key addition to its leadership team. Thomas Siska has accepted the role of Senior Vice President (SVP), Head of Factoring, further strengthening eCapital's commitment to securing top-tier talent and enhancing its market position.
-
Gibraltar Equipment Finance (GEF) Expands East Coast Business Development with SVP Steve Sanders
Aug 14, 2023
Gibraltar Equipment Finance (GEF) is proud to announce the expansion of its Originations team with the addition of Steve Sanders, who will be serving the East Coast as SVP of Business Development. GEF’s new hire comes on the heels of GEF’s market momentum with its growing funding activity.
-
SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
Aug 9, 2023The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15.
-
Ares Commercial Finance Provides $35.0 Million Private Trade Receivables Securitization Facility to Behavioral Health Treatment Services Company
Aug 8, 2023Ares Commercial Finance announced today that it has provided a $35.0 million Private Trade Receivables Securitization Facility to a behavioral health treatment services organization, a portfolio company of a top-tier global private equity firm.
-
Mitigating Borrowers’ Cybersecurity Risk
Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity.
-
New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
Aug 7, 2023Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick. This team will further strengthen the firm’s services to financial institutions across corporate, finance, bankruptcy, litigation, and restructuring needs.
-
Gordon Brothers & Nations Capital Join Forces to Expand Commercial & Industrial Presence
Gordon Brothers, the global advisory, restructuring and investment firm, and Nations Capital Inc. (NCI) have joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions.
Gordon Brothers’ majority investment in NCI will bolster both firms’ existing commercial and industrial capabilities in North America, which include asset-focused solutions across valuations, dispositions, financing and investment.
-
Unleashing the Power of AI in the Secured Finance Industry: A Journey into Change and Evolution
Aug 2, 2023Change is the great shapeshifter of existence. It is the unseen artist who paints the landscape of our lives with broad strokes of innovation and evolution. In the world of secured finance, change is manifesting through a potent and promising medium—Artificial Intelligence (AI). One particular AI innovation, OpenAI’s ChatGPT, is at the frontier of this change, offering a path filled with opportunities and potential challenges.
-
Legacy Corporate Lending Provides $10 Million Credit Facility to Franklin Baker Incorporated
Aug 2, 2023Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”). The facility will be used to support the company’s ongoing working capital needs and continued growth.
-
CEOs Unite for Progress: Taking the Pledge to Support Diversity, Equity, and Inclusion (DEI)
Aug 1, 2023As the chair of the SFNet’s Diversity, Equity and Inclusiveness Committee I meet with my committee composed of industry volunteers to discuss our mission of building diversity, equality and inclusion within our member companies, industry, and community. We seek to identify the issues and create awareness of the challenges, provide resources for improvements, and demonstrate sustained measurable positive outcomes throughout our SFNet community.
-
eCapital Upsizes Bank Line to $1.4 Billion to Fuel Growth
Jul 31, 2023eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders and, with Regions Bank, acted as joint lead arrangers and joint book runners for the facility.
-
Regulators Announce New Proposed Rules for Capital Requirements at Large Banks
Jul 27, 2023The Office of the Comptroller of the Currency, along with the Federal Reserve and FDIC released their long anticipated interagency Notice of Rulemaking. The Proposal, which will be subject to a comment period through November 30, 2023, incorporates final components of the Basel III agreement and lays out significant changes to capital requirements for banks with over $100B in total assets.
-
Breakout Capital Secures $45 Million Credit Facility Led by Synovus Bank
Breakout Capital, a leading fintech company simplifying access to capital for small businesses, announced today the completion of a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility. Under the terms of the agreement, Breakout may now obtain funding through Synovus by accessing $35 million of committed capacity with an additional $10 million uncommitted.
-
First Citizens Bank Serves as Lead Arranger on $211 Million Financing for North Carolina Solar Power Development
Jul 25, 2023First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, North Carolina.