- 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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C2FO Expands Leadership Team With Addition of Chief Credit Officer and Chief Accounting Officer
C2FO, the world’s on-demand working capital platform, announced the addition of two new executive roles to its leadership team, naming Dan Karas as its first chief credit officer and promoting Controller Bri Simoneau as the first chief accounting officer. Karas brings extensive leadership experience in lending and risk management, and Simoneau brings deep knowledge and experience in financial controls and reporting. Both executives will be essential as C2FO continues to enhance its business and overall global footprint.
-
SFNet's 2022 Hall of Fame Profiles
Nov 10, 2022On the following pages, we honor the industry icons who have been inducted into the 2022 SFNet Hall of Fame. We all owe a debt of gratitude to these leaders. Although they represent the industry during various periods of time, they have all made critical contributions to secured finance and deserve our appreciation for making the industry and our association what it is today.
-
Rosenthal Closes Multiple Factoring Transactions
Nov 9, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.
-
Barry Bobrow Joins Regions Business Capital (RBC) as Managing Director, Head of Credit Markets
Nov 7, 2022
Regions Business Capital (RBC) announces that Barry Bobrow has joined as Managing Director, Head of Credit Markets. Barry brings over 35 years of banking experience to this new role, including significant leadership positions in asset-based lending and debt capital markets.
-
Funding in the Food Circle – the Winds of Change
Nov 8, 2022
Food. It’s at the heart of all our lives. We love it – we think about it – we plan it – we talk about it.
Never before has there been so much focus on food: where it comes from, how much it costs and how to keep getting it. Just about all of us who have recently bought groceries think: “Wow – that’s a lot more expensive than it was last year.” When I said that recently to a good friend, she responded that this must be due to inflation and Ukraine. I thought: that is too simple an answer.
-
Outset Medical Secures Up To $300 Million in Debt Financing
Nov 7, 2022Outset Medical, Inc. (Nasdaq: OM)(“Outset”), a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis, today announced that it has entered into two senior secured credit facilities with investment affiliates managed by SLR Capital Partners, LLC (“SLR”) which collectively provide for borrowings of up to $300 million, comprising up to a $250 million term loan facility and up to a $50 million asset-based revolving credit facility.
-
Interview with Michael Scolaro, BMO Commercial Bank ABL
Nov 3, 2022As part of our series of executive interviews, Charlie Perer sits with Michael Scolaro, managing director and asset based group head for BMO Commercial Bank ABL, to hear his perspective on the state of the BL market, bank vs. non-bank competition, the future of ABL, executive development and competition, among other things.
-
IDB Bank Leads $100MM Revolving Credit Facility For Dwight Funding
IDB Bank (IDB), a New York-based private and commercial bank, has closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms. Dwight Funding was one of the first capital providers to focus on high growth, digitally native brands.
IDB was the sole lead arranger and administrative agent for Dwight's facility, signaling the Bank's growing position in the Lender Finance industry. -
ePlus Expands Credit Facility
Nov 2, 2022ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent.
-
Talk of Wave of Borrower Defaults Overblown
Nov 1, 2022Will the long-predicted wave of defaults come to fruition? Key players in the industry provide their perspectives.
-
Rosenthal Completes $13 Million in Transactions for Clients Across Multiple Industries
Nov 1, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several transactions, including an asset based lending deal and three deals for Rosenthal’s newest division, Pipeline, serving e-commerce and direct-to-consumer businesses. The funding and financing facilities will help to address clients’ working capital needs and support various growth opportunities.
-
SFNet Creates the SFNet Guide to the California Commercial Finance Disclosure Laws and Regulations
Oct 31, 2022SFNet is pleased to provide its members with what it believes is the most comprehensive Guide to complying with the controversial new California Disclosure Regulations for Commercial Finance Transactions that go into effect December 9, 2022. The Regulations apply to non-regulated commercial institutions offering financial transactions of $500,000 or less to California borrowers.
-
What Does The Second Year of Inflation Tell Us?
Oct 27, 2022
-
Phoenix Lending Survey Results Reveals Inflation is Driving Economic Conditions and Consumer Spending
Oct 27, 2022Phoenix’s Q3 2022 “Lending Climate in America” survey asked lenders to identify that greatest factor driving the softening global economic conditions. The majority of lenders, seventy-five percent, believe inflation is the greatest factor. Seventeen percent of the lenders surveyed believe that global supply chain issues is the greatest factor. Of the lenders surveyed, eight percent believe the war in Ukraine is the greatest factor driving the softening global economic conditions.
-
Citizens Leads $98.7 Million Loan to Houston-based Hanover Company
Oct 26, 2022Citizens announced today that its Commercial Real Estate Finance team led a $98.7 million loan to Houston-based Hanover Company for the construction of a six-story, 309-unit multi-family project in Laguna Niguel, Calif. Citizens is Joint Lead Arranger and Administrative Agent.
-
Gordon Brothers Welcomes Nick Kitchin as Managing Director
Oct 25, 2022
Gordon Brothers, the global advisory, restructuring and investment firm, has welcomed Nick Kitchin as Managing Director.
Based in London, Kitchin is responsible for capital strategy and originating, structuring and executing investment opportunities in the U.K. and Europe. With over 15 years of experience in restructuring, finance, distressed investing, and mergers and acquisitions, he works with the firm’s pan-European clients to develop customized, flexible and rapid solutions across asset classes.
-
RedRidge Announces New Hires
Oct 24, 2022RedRidge announced it has hired Andrew Rodgers as associate director. Rodgers has served private equity and corporate clients, with deal sizes valued up to $500M and has experience leading numerous M&A buy-and sell-side due diligence projects across a variety of industries. Kelsey Mohr has joined RedRidge as associate director. Mohr provides financial due diligence and lender due diligence services at RedRidge. RedRidge also announced Chris DiPietro has joined as a senior associate, based in Connecticut.
-
Runway Growth Capital Announces a Senior Secured Term Loan of $45 Million to Nalu Medical
Oct 24, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $45 million to Nalu Medical, Inc. ("Nalu"), a privately held medical device company focused on innovative and minimally invasive solutions for chronic neuropathic pain.
-
Flagship Healthcare Trust Secures New $265 Million Revolving Credit Facility From Fifth Third Bank-Led Consortium
Oct 20, 2022
Flagship Healthcare Trust, Inc. (Flagship REIT), a Charlotte-based outpatient healthcare real estate investment trust, has expanded its syndicated senior revolving credit facility arranged by Fifth Third Bank.
The $265 million senior secured credit facility has a $100 million revolver and a $165 million term loan. Flagship also increased its borrowing capacity by an additional $200 million through an accordion feature.
-
Siena Lending Group LLC Closes $50 Million Credit Facility for MD Helicopters, LLC
Siena Lending Group LLC ("Siena") today announced the completion of a $50 million asset-based revolving line of credit to MD Helicopters, LLC (“MDH”), a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility, and VIP mission profiles. The proceeds from the facility will be leveraged to partially repay a debtor-in-possession credit facility and for future working capital needs.
-
C2FO Expands Leadership Team With Addition of Chief Credit Officer and Chief Accounting Officer
C2FO, the world’s on-demand working capital platform, announced the addition of two new executive roles to its leadership team, naming Dan Karas as its first chief credit officer and promoting Controller Bri Simoneau as the first chief accounting officer. Karas brings extensive leadership experience in lending and risk management, and Simoneau brings deep knowledge and experience in financial controls and reporting. Both executives will be essential as C2FO continues to enhance its business and overall global footprint.
-
SFNet's 2022 Hall of Fame Profiles
Nov 10, 2022On the following pages, we honor the industry icons who have been inducted into the 2022 SFNet Hall of Fame. We all owe a debt of gratitude to these leaders. Although they represent the industry during various periods of time, they have all made critical contributions to secured finance and deserve our appreciation for making the industry and our association what it is today.
-
Rosenthal Closes Multiple Factoring Transactions
Nov 9, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.
-
Barry Bobrow Joins Regions Business Capital (RBC) as Managing Director, Head of Credit Markets
Nov 7, 2022
Regions Business Capital (RBC) announces that Barry Bobrow has joined as Managing Director, Head of Credit Markets. Barry brings over 35 years of banking experience to this new role, including significant leadership positions in asset-based lending and debt capital markets.
-
Funding in the Food Circle – the Winds of Change
Nov 8, 2022
Food. It’s at the heart of all our lives. We love it – we think about it – we plan it – we talk about it.
Never before has there been so much focus on food: where it comes from, how much it costs and how to keep getting it. Just about all of us who have recently bought groceries think: “Wow – that’s a lot more expensive than it was last year.” When I said that recently to a good friend, she responded that this must be due to inflation and Ukraine. I thought: that is too simple an answer.
-
Outset Medical Secures Up To $300 Million in Debt Financing
Nov 7, 2022Outset Medical, Inc. (Nasdaq: OM)(“Outset”), a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis, today announced that it has entered into two senior secured credit facilities with investment affiliates managed by SLR Capital Partners, LLC (“SLR”) which collectively provide for borrowings of up to $300 million, comprising up to a $250 million term loan facility and up to a $50 million asset-based revolving credit facility.
-
Interview with Michael Scolaro, BMO Commercial Bank ABL
Nov 3, 2022As part of our series of executive interviews, Charlie Perer sits with Michael Scolaro, managing director and asset based group head for BMO Commercial Bank ABL, to hear his perspective on the state of the BL market, bank vs. non-bank competition, the future of ABL, executive development and competition, among other things.
-
IDB Bank Leads $100MM Revolving Credit Facility For Dwight Funding
IDB Bank (IDB), a New York-based private and commercial bank, has closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms. Dwight Funding was one of the first capital providers to focus on high growth, digitally native brands.
IDB was the sole lead arranger and administrative agent for Dwight's facility, signaling the Bank's growing position in the Lender Finance industry. -
ePlus Expands Credit Facility
Nov 2, 2022ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent.
-
Talk of Wave of Borrower Defaults Overblown
Nov 1, 2022Will the long-predicted wave of defaults come to fruition? Key players in the industry provide their perspectives.
-
Rosenthal Completes $13 Million in Transactions for Clients Across Multiple Industries
Nov 1, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several transactions, including an asset based lending deal and three deals for Rosenthal’s newest division, Pipeline, serving e-commerce and direct-to-consumer businesses. The funding and financing facilities will help to address clients’ working capital needs and support various growth opportunities.
-
SFNet Creates the SFNet Guide to the California Commercial Finance Disclosure Laws and Regulations
Oct 31, 2022SFNet is pleased to provide its members with what it believes is the most comprehensive Guide to complying with the controversial new California Disclosure Regulations for Commercial Finance Transactions that go into effect December 9, 2022. The Regulations apply to non-regulated commercial institutions offering financial transactions of $500,000 or less to California borrowers.
-
What Does The Second Year of Inflation Tell Us?
Oct 27, 2022
-
Phoenix Lending Survey Results Reveals Inflation is Driving Economic Conditions and Consumer Spending
Oct 27, 2022Phoenix’s Q3 2022 “Lending Climate in America” survey asked lenders to identify that greatest factor driving the softening global economic conditions. The majority of lenders, seventy-five percent, believe inflation is the greatest factor. Seventeen percent of the lenders surveyed believe that global supply chain issues is the greatest factor. Of the lenders surveyed, eight percent believe the war in Ukraine is the greatest factor driving the softening global economic conditions.
-
Citizens Leads $98.7 Million Loan to Houston-based Hanover Company
Oct 26, 2022Citizens announced today that its Commercial Real Estate Finance team led a $98.7 million loan to Houston-based Hanover Company for the construction of a six-story, 309-unit multi-family project in Laguna Niguel, Calif. Citizens is Joint Lead Arranger and Administrative Agent.
-
Gordon Brothers Welcomes Nick Kitchin as Managing Director
Oct 25, 2022
Gordon Brothers, the global advisory, restructuring and investment firm, has welcomed Nick Kitchin as Managing Director.
Based in London, Kitchin is responsible for capital strategy and originating, structuring and executing investment opportunities in the U.K. and Europe. With over 15 years of experience in restructuring, finance, distressed investing, and mergers and acquisitions, he works with the firm’s pan-European clients to develop customized, flexible and rapid solutions across asset classes.
-
RedRidge Announces New Hires
Oct 24, 2022RedRidge announced it has hired Andrew Rodgers as associate director. Rodgers has served private equity and corporate clients, with deal sizes valued up to $500M and has experience leading numerous M&A buy-and sell-side due diligence projects across a variety of industries. Kelsey Mohr has joined RedRidge as associate director. Mohr provides financial due diligence and lender due diligence services at RedRidge. RedRidge also announced Chris DiPietro has joined as a senior associate, based in Connecticut.
-
Runway Growth Capital Announces a Senior Secured Term Loan of $45 Million to Nalu Medical
Oct 24, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $45 million to Nalu Medical, Inc. ("Nalu"), a privately held medical device company focused on innovative and minimally invasive solutions for chronic neuropathic pain.
-
Flagship Healthcare Trust Secures New $265 Million Revolving Credit Facility From Fifth Third Bank-Led Consortium
Oct 20, 2022
Flagship Healthcare Trust, Inc. (Flagship REIT), a Charlotte-based outpatient healthcare real estate investment trust, has expanded its syndicated senior revolving credit facility arranged by Fifth Third Bank.
The $265 million senior secured credit facility has a $100 million revolver and a $165 million term loan. Flagship also increased its borrowing capacity by an additional $200 million through an accordion feature.
-
Siena Lending Group LLC Closes $50 Million Credit Facility for MD Helicopters, LLC
Siena Lending Group LLC ("Siena") today announced the completion of a $50 million asset-based revolving line of credit to MD Helicopters, LLC (“MDH”), a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility, and VIP mission profiles. The proceeds from the facility will be leveraged to partially repay a debtor-in-possession credit facility and for future working capital needs.
-
C2FO Expands Leadership Team With Addition of Chief Credit Officer and Chief Accounting Officer
C2FO, the world’s on-demand working capital platform, announced the addition of two new executive roles to its leadership team, naming Dan Karas as its first chief credit officer and promoting Controller Bri Simoneau as the first chief accounting officer. Karas brings extensive leadership experience in lending and risk management, and Simoneau brings deep knowledge and experience in financial controls and reporting. Both executives will be essential as C2FO continues to enhance its business and overall global footprint.
-
SFNet's 2022 Hall of Fame Profiles
Nov 10, 2022On the following pages, we honor the industry icons who have been inducted into the 2022 SFNet Hall of Fame. We all owe a debt of gratitude to these leaders. Although they represent the industry during various periods of time, they have all made critical contributions to secured finance and deserve our appreciation for making the industry and our association what it is today.
-
Rosenthal Closes Multiple Factoring Transactions
Nov 9, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.
-
Barry Bobrow Joins Regions Business Capital (RBC) as Managing Director, Head of Credit Markets
Nov 7, 2022
Regions Business Capital (RBC) announces that Barry Bobrow has joined as Managing Director, Head of Credit Markets. Barry brings over 35 years of banking experience to this new role, including significant leadership positions in asset-based lending and debt capital markets.
-
Funding in the Food Circle – the Winds of Change
Nov 8, 2022
Food. It’s at the heart of all our lives. We love it – we think about it – we plan it – we talk about it.
Never before has there been so much focus on food: where it comes from, how much it costs and how to keep getting it. Just about all of us who have recently bought groceries think: “Wow – that’s a lot more expensive than it was last year.” When I said that recently to a good friend, she responded that this must be due to inflation and Ukraine. I thought: that is too simple an answer.
-
Outset Medical Secures Up To $300 Million in Debt Financing
Nov 7, 2022Outset Medical, Inc. (Nasdaq: OM)(“Outset”), a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis, today announced that it has entered into two senior secured credit facilities with investment affiliates managed by SLR Capital Partners, LLC (“SLR”) which collectively provide for borrowings of up to $300 million, comprising up to a $250 million term loan facility and up to a $50 million asset-based revolving credit facility.
-
Interview with Michael Scolaro, BMO Commercial Bank ABL
Nov 3, 2022As part of our series of executive interviews, Charlie Perer sits with Michael Scolaro, managing director and asset based group head for BMO Commercial Bank ABL, to hear his perspective on the state of the BL market, bank vs. non-bank competition, the future of ABL, executive development and competition, among other things.
-
IDB Bank Leads $100MM Revolving Credit Facility For Dwight Funding
IDB Bank (IDB), a New York-based private and commercial bank, has closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms. Dwight Funding was one of the first capital providers to focus on high growth, digitally native brands.
IDB was the sole lead arranger and administrative agent for Dwight's facility, signaling the Bank's growing position in the Lender Finance industry. -
ePlus Expands Credit Facility
Nov 2, 2022ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent.
-
Talk of Wave of Borrower Defaults Overblown
Nov 1, 2022Will the long-predicted wave of defaults come to fruition? Key players in the industry provide their perspectives.
-
Rosenthal Completes $13 Million in Transactions for Clients Across Multiple Industries
Nov 1, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several transactions, including an asset based lending deal and three deals for Rosenthal’s newest division, Pipeline, serving e-commerce and direct-to-consumer businesses. The funding and financing facilities will help to address clients’ working capital needs and support various growth opportunities.
-
SFNet Creates the SFNet Guide to the California Commercial Finance Disclosure Laws and Regulations
Oct 31, 2022SFNet is pleased to provide its members with what it believes is the most comprehensive Guide to complying with the controversial new California Disclosure Regulations for Commercial Finance Transactions that go into effect December 9, 2022. The Regulations apply to non-regulated commercial institutions offering financial transactions of $500,000 or less to California borrowers.
-
What Does The Second Year of Inflation Tell Us?
Oct 27, 2022
-
Phoenix Lending Survey Results Reveals Inflation is Driving Economic Conditions and Consumer Spending
Oct 27, 2022Phoenix’s Q3 2022 “Lending Climate in America” survey asked lenders to identify that greatest factor driving the softening global economic conditions. The majority of lenders, seventy-five percent, believe inflation is the greatest factor. Seventeen percent of the lenders surveyed believe that global supply chain issues is the greatest factor. Of the lenders surveyed, eight percent believe the war in Ukraine is the greatest factor driving the softening global economic conditions.
-
Citizens Leads $98.7 Million Loan to Houston-based Hanover Company
Oct 26, 2022Citizens announced today that its Commercial Real Estate Finance team led a $98.7 million loan to Houston-based Hanover Company for the construction of a six-story, 309-unit multi-family project in Laguna Niguel, Calif. Citizens is Joint Lead Arranger and Administrative Agent.
-
Gordon Brothers Welcomes Nick Kitchin as Managing Director
Oct 25, 2022
Gordon Brothers, the global advisory, restructuring and investment firm, has welcomed Nick Kitchin as Managing Director.
Based in London, Kitchin is responsible for capital strategy and originating, structuring and executing investment opportunities in the U.K. and Europe. With over 15 years of experience in restructuring, finance, distressed investing, and mergers and acquisitions, he works with the firm’s pan-European clients to develop customized, flexible and rapid solutions across asset classes.
-
RedRidge Announces New Hires
Oct 24, 2022RedRidge announced it has hired Andrew Rodgers as associate director. Rodgers has served private equity and corporate clients, with deal sizes valued up to $500M and has experience leading numerous M&A buy-and sell-side due diligence projects across a variety of industries. Kelsey Mohr has joined RedRidge as associate director. Mohr provides financial due diligence and lender due diligence services at RedRidge. RedRidge also announced Chris DiPietro has joined as a senior associate, based in Connecticut.
-
Runway Growth Capital Announces a Senior Secured Term Loan of $45 Million to Nalu Medical
Oct 24, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $45 million to Nalu Medical, Inc. ("Nalu"), a privately held medical device company focused on innovative and minimally invasive solutions for chronic neuropathic pain.
-
Flagship Healthcare Trust Secures New $265 Million Revolving Credit Facility From Fifth Third Bank-Led Consortium
Oct 20, 2022
Flagship Healthcare Trust, Inc. (Flagship REIT), a Charlotte-based outpatient healthcare real estate investment trust, has expanded its syndicated senior revolving credit facility arranged by Fifth Third Bank.
The $265 million senior secured credit facility has a $100 million revolver and a $165 million term loan. Flagship also increased its borrowing capacity by an additional $200 million through an accordion feature.
-
Siena Lending Group LLC Closes $50 Million Credit Facility for MD Helicopters, LLC
Siena Lending Group LLC ("Siena") today announced the completion of a $50 million asset-based revolving line of credit to MD Helicopters, LLC (“MDH”), a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility, and VIP mission profiles. The proceeds from the facility will be leveraged to partially repay a debtor-in-possession credit facility and for future working capital needs.