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  • Myra Thomas SFNet Education Focus 20/20 Dynamic Educational Content is Key for Members
    As the Secured Finance Network celebrates its 75th anniversary, its commitment to the education of its membership remains tantamount to the organization. Part of that commitment is making sure that secured lenders of all stripes are provided with the essential tools, training, and best practices to ensure their professional success.
  • Ikhwan Rafeek_Otterbourg Interview with Ikhwan A. Rafeek of Otterbourg P.C.
    In January, Otterbourg P.C. announced that Ikhwan A. Rafeek had been promoted to Member of the Firm in the Banking and Finance Group. Rafeek represents institutional lenders, banks, commercial finance companies, and factors in connection with the documentation of domestic and international secured lending arrangements, including asset-based, factoring, term loan, healthcare, real estate, middle market, leveraged, and first and second lien loan transactions. 
  • Wingspire Capital Provides $36.5 Million Senior Secured Loan to R.W. Sidley

    Wingspire Capital Holdings (“Wingspire”) today announced that it has provided a $36.5 million senior secured loan to R.W. Sidley (“RWS”). Loan proceeds were used to refinance its existing bank facility, while providing a more patient and flexible capital structure to help management achieve its strategic growth initiatives.

  • Pacific Premier Bancorp, Inc. to Acquire Opus Bank, Creating a $20 Billion Banking Franchise in the Western United States

    D.A. Davidson & Co. acted as financial advisor to Pacific Premier in the transaction and delivered a fairness opinion to the Board of Directors of Pacific Premier. Holland & Knight LLP served as legal counsel to Pacific Premier. Piper Sandler & Co. acted as financial advisor to Opus and delivered a fairness opinion to the Board of Directors of Opus. Sullivan & Cromwell LLP served as legal counsel to Opus.

  • Middle Market CFOs Making Bold Moves Despite Volatility – BDO Survey of 700 CFOs

    Middle market chief financial officers are facing widespread shifts—from trade wars to digital disruption—but they aren’t backing down from the challenge. According to BDO’s 2020 Middle Market CFO Outlook Survey, 56% of middle market CFOs expect a recession by 2021, but they are forecasting positive performance and forging ahead with growth plans.

  • Ken Wengrod, FTC Founded for Entrepreneurs By an Entrepreneur

    FTC Commercial Corporation was launched in 2002 with a strong focus on small and medium-size enterprise. Co-founder Ken Wengrod tapped into his experience, having worked in factoring and retail to create a company that understands the entire trade cycle of manufacturing and importing.

  • SC&H Capital Launches Distressed M&A Practice, Adding Nationally Recognized Specialists from Equity Partners

    SC&H Capital announced it is expanding its capabilities to service distressed mergers and acquisitions (M&A) by adding seven members of the boutique investment banking firm, Equity Partners, to its investment banking advisory team.

    Equity Partners is recognized nationally for its work in distressed M&A and has led and managed more than 600 transactions nationally since its founding in 1988. The Easton, Maryland -based firm will cease operations as members of its team take on key roles at SC&H Capital.

  • LBC Credit Partners Supports the Acquisition of EDSCO Fasteners

    LBC Credit Partners (“LBC”), a leading provider of financing solutions to middle market companies, provided a senior secured credit facility to support the acquisition of EDSCO Fasteners LLC (“EDSCO” or the “Company”) by MiddleGround Capital. LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.

  • Huntington Business Credit Closes Credit Facility With Dutchland Plastics, LLC

    Huntington Business Credit announced it closed a new $13,400,000 credit facility with Dutchland Plastics, LLC on December 20, 2019.  Proceeds of the facility were used to refinance existing debt and provide ongoing working capital growth financing.        

  • Lending to Manufacturers and Sellers Operating as Licensees (not Owners) of Famous Marks

    SFNet President John DePledge, Head of ABL at Leumi Business Credit, and Riemer & Braunstein finance partner, Lon Singer, address the special business and legal considerations involved in lending to a company that operates as a licensee of a famous brand.

     

  • Santander Bank Leads Upsized $75 Million Deal with Wind Turbine & Energy Cables Corporation
    Santander Bank today announced that its Commercial Banking division closed a $75 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corporation (WTEC). Santander acted as administrative agent, sole lead arranger and sole bookrunner on the credit facility. WTEC is a diversified, leading manufacturer of a wide range of wire, cable and steel products and services for use in the energy sector. 
  • Ares Management Corporation Announces Agreement to Acquire Majority Interest in Hong Kong-based SSG Capital Holdings Limited
    Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries (collectively, “SSG”), a leading Asian alternative asset management firm.
  • Aaron Hughes The SME Lending Landscape in 2020

    Aaron Hughes, Managing Director of Equiniti Riskfactor, a leading provider in the commercial finance industry, examines the SME lending market for the coming year and the importance of risk management to lenders.

  • Deloitte M&A Trends Report 2020: US Dealmaker Optimism Holds Strong as Economic Slowdown Talk Continues

    Greater focus placed on domestic deals, albeit majority of U.S. M&A leaders acknowledge that capturing full deal value is a growing sore spot.

  • The End of Libor Is a $12 Trillion Headache for Loan Bankers

    The whole financial world is working to move away from Libor and other interbank lending benchmarks, which for decades have been used to set borrowing costs on bonds and loans, as well as products ranging from derivatives to credit cards. Since 2018, more than $150 billion worth of bonds have been sold using rates set by a new generation of benchmarks. The syndicated loan market is lagging far behind, with at least $12 trillion of deals needing to be replaced or rewritten so they follow a Libor alternative. There are no easy fixes in sight despite potential deadlines as early as this year.

  • Dave Kucera, Capital One Lenders Think About Recession Readiness
    The head of Capital One’s Financial Institutions Group reviews the trends that lenders should be watching as we shift into 2020.
  • Calvin Navatto - CIT CIT Names Business Development Officer in Commercial Services

    CIT Group Inc. (NYSE: CIT) today announced that it has hired Calvin Navatto as a business development officer in its Commercial Services business.

    Navatto will be based in New York City and focus on business development across a wide range of business verticals supported by Commercial Services, including apparel, footwear, housewares, consumer electronics, health and beauty aids and more.

     

  • Gerber Finance Announces CEO Succession, Jennifer Palmer Appointed CEO, Founder Gerald Joseph to Become Chairman of the Board

    Gerber Finance, the leading finance partner for companies experiencing accelerated growth, today announced the completion of their CEO succession strategy, naming longtime President Jennifer Palmer as CEO with Founder Gerald Joseph transitioning to his new role as strategic advisor and Chairman of the Board.

     

  • Great Rock Capital Expands Management Team, Adds Chief Risk Officer

    Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Kathleen Auda has joined the firm as Chief Risk Officer. Auda will be responsible for overseeing both the underwriting and portfolio management teams and will report to Stuart Armstrong, CEO and CIO.

     

     

  • CVC Credit Partners Becomes Sole Lender to Horizon Capital's Sabio
    CVC Credit Partners is pleased to announce that it has provided a unitranche loan and a dedicated acquisition facility to Sabio, a leading customer experience solutions provider and managed services business, backed by Horizon Capital.