Huntington Business Credit closed $18,000,000 in new credit facilities with Garick, LLC on August 9, 2024. Proceeds of the facility were used to facilitate the acquisition by the original founder, refinance existing debt, and provide ongoing working capital financing.

First Citizens Bank today announced that its Energy Finance business served as co-lead arranger on $315.7 million of financing for four battery energy storage systems in Texas. The projects, which collectively represent 730MW / 1,049MWh of capacity, are being developed by an affiliate of UBS Asset Management’s Energy Storage Investment Fund I.

Emergent BioSolutions Inc. (NYSE: EBS) today announced the closing of a new credit facility agreement with Oak Hill Advisors for a term loan of up to $250 million (the “New Term Loan”). Emergent used a portion of the proceeds of the New Term Loan to repay all amounts outstanding under the senior term loan facility under the Amended and Restated Credit Agreement, dated October 15, 2018, by and among Emergent, the lenders party thereto from time to time, and Wells Fargo Bank, National Association, as the Administrative Agent

Ares Commercial Finance announced today that it has provided a $25 million senior secured revolving line of credit to Pegasus Home Fashions Inc. (“Pegasus” or the “Company”). The Company is one of the largest manufacturers and distributors of bedding products in the United States.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the majority recapitalization of Northeast Contracting Corp. (“NECC”) by RCap Equity Partners.

Horizon Technology Finance Corporation, an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced that on July 30, 2024 it provided a $35 million venture loan facility to Vesta Healthcare (aka Hometeam Technologies, Inc.), of which $25 million has been initially funded.

MidCap Business Credit LLC, announced today that it has completed a $6 million asset-based credit facility to a manufacturer and distributor of power transfer equipment located in the Northeast.

Cerebro Capital recently announced they had facilitated over $150MM in financings for 13 companies. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.

The Hedaya Capital Group provided a $3.0 million letter of credit facility to a well-established consumer products brand selling direct to consumers through their own website. The company sells premium-quality, extra-soft pajamas for women, men, children and babies, and even matching pajamas for pet lovers to keep their dogs and cats warm and cozy.

Sallyport is pleased to announce the provision of $7,000,000 in Accounts Receivable Finance to support a strategic acquisition in the entertainment services industry. Our new client, who successfully purchased the business - an existing Sallyport client, through an Article 9 Sale, chose us to ensure a seamless transition for existing debtors and customers.

Corus Entertainment Inc. (TSX: CJR.B) ("Corus" or the "Company") announced today that it has completed an agreement to amend (the "Amendment") its Sixth Amended and Restated Credit Agreement with its bank group, led by RBC Capital Markets and TD Securities, as co-leads, dated March 18, 2022, as last amended on May 30, 2024 (the "Credit Facility").

Integrated Beverage Group (“IBG”), a Denver-based national marketer of branded wine and spirits and a top wine producer in Oregon, required a financing partner to provide more liquidity than its current bank working capital line of credit. IBG sells to various distributors, who sell to retailers such as Publix, Costco, and Trader Joe’s. The Company also sells wine directly to consumers through its wine clubs and tasting room.

Loeb is happy to announce the fast funding of a $2 million loan to a client in the forestry industry based in Massachusetts. The loan will enable the company to acquire two additional companies and pay off outstanding debt, ensuring continued growth and operational efficiency.

Celtic Capital Corporation today announced its most recent new client relationship – a tree and other vegetation services company for both commercial and residential use.

Sallyport Commercial Finance is thrilled to announce the successful funding of $1,250,000 in Accounts Receivable (AR) financing for a transportation and logistics company based in Hawaii.