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  • Fashion Powerhouse Jessica Simpson Partners with Schottenstein Backed Second Avenue Capital Partners
    May 17, 2022
    Second Avenue Capital Partners (SACP), the lending arm of SB360 Capital Partners (SB360), announced the closing of a $67.5 million term loan for The Jessica Simpson Collection, the $1 BILLION fashion empire and signature lifestyle brand inspired by and designed in collaboration with Jessica Simpson. The new financing will be used to retire an existing credit facility and provide additional liquidity to fund new growth and a rapidly expanding portfolio.
  • Eric Gul-Tiger_150 The Art and Science of Loaning Against Trademarks
    May 16, 2022
    Trademarks are one of the fastest-growing collateral categories in the ABL sector—due in no small part to the ease with which owners of properly supported brands can sell their products via multiple channels, including e-commerce, m-commerce, wholesale distribution, and retail stores. On the consumer side, younger generations are driving much of the e-commerce and m-commerce demand. They have grown up absorbing branded content on Tik-Tok and Instagram and have also discovered the convenience of making brick-and-mortar returns.
  • MidFirst Business Credit Announces New Lending Relationship with Group360, Inc. d/b/a We Are Alexander
    May 16, 2022
    MidFirst Business Credit (MFBC) announced it has provided a $5.5 million working capital facility to Group360, Inc., d/b/a We Are Alexander (“We Are Alexander”). Headquartered in St. Louis with offices in New York and Dallas, We Are Alexander provides a portfolio of integrated marketing communications services, including strategy, creative, retail marketing, packaging design and production, premedia, photography and experiential marketing.
  • Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $26.8 Million in Commercial Financing to 43 Businesses in the Second Half of April
    May 16, 2022
    Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $12,801,160 in ABL/factoring financial solutions for 11 new clients; Crestmark Equipment Finance provided $10,080,680 in 11 new large ticket transactions and $2,320,351 in 20 new small ticket vendor transactions; and the Structured Finance group provided $1,600,000 in financing for one new client in the second half of April.
  • Keybank And Beach Point Capital Management Launch $1.5 Billion Middle Market Direct Lending Program
    May 13, 2022
    KeyBank and Beach Point Capital Management ("Beach Point"), a credit focused investment manager, announced that they have established a new joint venture middle market direct lending program with $1.5 billion in lending capacity for U.S. middle market clients.
  • CIT Arranges $714 Million for Thermal Generation Assets in California
    May 12, 2022

    CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California.

    The proceeds were used to refinance a 1.8-gigawatt portfolio owned by subsidiaries of the Avenue Capital Group and managed by Middle River Power. Assets within the portfolio consist of eight gas-fired peaking plants and two gas-fired combined cycle power plants located near metropolitan centers across California.

  • First Citizens Middle Market Banking Provides $60 Million to Bahakel Communications
    May 10, 2022

    First Citizens Bank today announced that its Middle Market Banking business provided a $60 million loan to Bahakel Communications to refinance existing debt and help finance future growth opportunities.

    Bahakel Communications is a family owned-and-operated radio and television broadcast company headquartered in Charlotte, North Carolina, with additional locations in South Carolina, Alabama, Tennessee and Colorado. 

  • Monroe Capital Hires Gordon Saint-Denis to Head Sports Finance Vertical
    May 10, 2022
    Monroe Capital LLC (“Monroe”) today announced Gordon Saint-Denis has joined the firm as Managing Director, Head of Sports Finance. Gordon will be responsible for originating new investments across the capital structure for acquisition financing and recapitalizations for all major sports teams and venues in North America and Europe as well as other businesses in the sports ecosystem such as soccer, rugby, cycling, racing, golf, endurance races, e-sports and sports technology companies, merchandising, name, image and likeness (NILs), ticketing, and equipment companies.
  • Bankruptcy & Restructuring - Where are we Now? Update 2022
    May 9, 2022
    The last two years have been a roller coaster for businesses. The early pandemic lockdowns initially wreaked havoc on small businesses; and then we saw what some consider to be a market overcorrection. Relief came in the form of PPP loans, Main Street Lending, and various other subsidies and programs. We look to the data – year over year commercial bankruptcy filings are down 31% and Chapter 11 filings are down 48%. Comparing 2021 to 2019, commercial bankruptcy filings are down 31% and Chapter 11 filings are down 33%.  
  • White Oak Provides $21.3 Million Senior Credit Facility to Support Salt Creek Capital’s Acquisition of Omni Recycling
    May 9, 2022
    White Oak Global Advisors LLC (“White Oak”) announced today it has provided a $21.3 million senior credit facility to Omni Recycling (“Omni”), a leading single-stream recycling and waste disposal company. The transaction supported Salt Creek Capital’s (“Salt Creek”) acquisition of the company. Salt Creek is a San Francisco Bay Area-based private equity firm that partners with lower middle-market businesses to accelerate growth and improve operating efficiencies.
  • Cambridge Savings Bank Provides Modera Wealth Management with $26 Million Financing Package to Power M&A Growth, Build Out Employee Equity Strategy
    May 6, 2022
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Commercial Lending team provided a $26 million financing package over the life of the relationship, including both a refinance of existing debt and new debt, to Modera Wealth Management, LLC (MWM) and individual members of its ownership group.
  • eCapital Corp. Names Raphael Torres as New Managing Director of Staffing
    May 4, 2022
    eCapital Corp. (“eCapital”), a leading alternative finance provider in North America and the U.K., has named Raphael Torres its new Managing Director of Staffing, a key division of its Commercial Finance group. Raphael will lead a specialized team of account management and operations professionals to support the unique financial needs of the staffing industry.
  • Wingspire Capital & TCW Private Credit Provide Unitranche Senior Credit Facility to cabi
    May 3, 2022
    Wingspire Capital LLC and TCW Asset Management Company LLC together provided a unitranche senior credit facility to women’s apparel brand cabi LLC.
  • Charlie Perer Next Frontier in Lending: High Net-Worth Lending
    May 2, 2022
    Innovation in high net-worth lending is primed to be a new frontier in credit.  Rarely do opportunities exist to make waves in lending, but this is one.  Banks and wire houses are conservative and working on traditional lending models that limit borrower options for untapped equity in multiple forms of assets.  There is also a wall between consumer and business lending units so most banks cannot take a holistic approach to a business owner’s business and personal assets.  Several groups working together can, but this takes time, adds complexity and still has its limitations in a regulatory and traditional banking environment.  Coincidentally, both commercial lenders and wealth managers are starting to converge on this space and each other’s turf by changing their offerings.  
  • eCapital Acquires CNH Finance
    May 2, 2022

    eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the UK, today announced the acquisition of CNH Finance, a Connecticut-based, specialty finance company focused on the healthcare industry. 

  • Fourshore Partners Announces Acquisition of Celtic Capital Corporation
    May 2, 2022

    Fourshore Partners (Fourshore) announced today its acquisition of Celtic Capital Corporation (“Celtic” or “Company”), a financial services company specializing in asset-based lending to middle-market companies nationwide. With an appetite for the more complex transactions, Celtic Capital has a history of success in crafting creative, flexible financing solutions with no financial covenants. 

  • Eileen Wubbe 150x150 SFNet's International Lending Conference Returns to London May 23-25, 2022
    Apr 28, 2022

    SFNet's International Lending Conference will be held in person May 23 to 25, 2022 at DLA Piper Offices in London, UK. The Conference is geared towards those active in the international lending space, who need a clear understanding of the current global landscape, what may be on the horizon, and what it all means for your business. Some of the most interesting players on the international lending scene will gather for discussions and insights into what lies ahead.

    “After two years, we are very excited to get back together in person with our favorite colleagues in the world of international lending—to catch up and to talk about new opportunities,” said David Morse, partner, Otterbourg P.C.  “This is a conference where you always learn something new and pick up some interesting bit of information that helps you in thinking about your cross-border deals. The panels this year run the gamut from high-level reviews of market issues from some of the most-informed and thoughtful people in the industry to the nuts and bolts, practical issues of making secured cross-border loans work.”

  • CIT Northbridge Provides $65 Million to Family Care Company Hello Bello™
    Apr 28, 2022
    CIT Northbridge Credit, as advised by CIT Asset Management LLC, has served as sole lead arranger on a $65 million credit facility for Hello Bello, a manufacturer and marketer of baby, child and adult care products.

    Launched in 2019 by co-founders Kristen Bell and Dax Shepard, Hello Bello is a parenting platform providing premium and affordable products designed to eliminate the choice many parents have to make between what’s best for their family or best for their budget. 
  • Great Rock Capital Provides $25MM of Liquidity to Industry Leading Compression Service Provider
    Apr 27, 2022
    Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced it has provided $25.0 million of liquidity through a senior secured credit facility to support Natural Gas Compression Systems (“NGCS”), a Michigan-based full-service gas compression equipment and service business throughout the United States and Canada.
  • Monroe Capital Closes on $4.8 Billion of Direct Lending Funds
    Monroe Capital LLC (“Monroe”) today announced the final close of its 2022 Monroe Capital Private Credit Fund IV (“Fund”) with $4.8 billion of investable capital, including targeted fund leverage and separately managed accounts investing alongside the Fund.  The Fund has limited partner commitments with over 300 investors in 17 countries.  The Fund primarily targets private equity sponsored and non-sponsored, lower middle-market U.S. companies with less than $35 million in EBITDA.