- Economic Outlook
- ABL Navigates New Economic Crosswinds
- Gordon Brothers Appoints Liz Blue Head of North American Business Development, Retail & Real Estate Services
- Ares Commercial Finance Launches a Healthcare Asset Based Lending Platform
- Interview with SFNet’s Emerging Leaders Summit Keynote Speaker Dave Spandorfer, CEO & Co-Founder of Janji
-
Greenbacker Secures $76 Million Credit Agreement with Fifth Third Bank and PNC Capital Markets
Apr 20, 2022Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading owner and operator of sustainable infrastructure and energy efficiency projects, has entered into a senior credit agreement of $76.3 million with joint lead arrangers Fifth Third Bank, National Association, and PNC Capital Markets LLC. Morgan Stanley Renewables Inc. served as tax equity investor. Fifth Third Bank also served as administrative agent.
-
First Citizens Adds Linda Stanley to its Middle Market Banking Business
First Citizens Bank today announced that it has hired experienced banker Linda Stanley as a relationship manager in its Middle Market Banking business.
In this role, Stanley will be responsible for developing, maintaining and expanding client and prospect relationships in the middle market financing sector, where the bank is a leader.
-
Eclipse Business Capital Provides $125mm In Financing To An Integrated Steel Manufacturer
Apr 18, 2022Eclipse Business Capital (“EBC”) announces the completion of a revolving credit facility for a vertically integrated manufacturer of steel products. The credit facility will be used to refinance existing bank indebtedness and provide ongoing working capital financing. The new revolver from Eclipse will provide needed liquidity to allow the company to capitalize on its strong market position and technical expertise.
-
When the Grass Isn’t Greener: How to Stay Where You Are and Ask for What You Want
We’ve all heard the phrase “The Great Resignation” over the past few months. Angela Fiorentino of AmeriFactors Financial Group and a member of SFNet’s Women in Secured Finance Committee gathered several top female executives to discuss the best way to communicate your professional goals and hold some of those “tough conversations” in this current climate. -
Chris McCarty Rejoins First Business Bank as Vice President – Asset-Based Lending
Apr 18, 2022Chris McCarty has a powerful accounting and credit analysis background, which he has leveraged over the past 15+ years to help clients solve cash flow and funding issues through the application of Asset-Based Lending, Specialty Finance, and Commercial Lending solutions. Chris previously worked with First Business Bank in 2019, and also has worked at First Horizon & Renasant Bank.
-
U.S. Bank’s Stampfel and Rubin Continue to Build Momentum, Deliver Innovative Asset-based Financing
Apr 14, 2022U.S. Bank announced it hired Daniel Stampfel and Mitch Rubin as senior vice presidents of its asset-based finance division. The hires are part of a strategy for the broader U.S. Bank commercial banking team to continue its expansion in Texas and across the country to better serve middle-market clients.
Here we sit with Daniel, Mitch and David Slavik, SVP, national sales director – middle market, U.S. Bank Asset Based Finance, to discuss expansion in New York and Texas, goals for the rest of the year, and industry trends and predictions. -
SFNet's Asset-Based Lending, Factoring Survey Reveals Year of Growth
Apr 13, 2022
Last year was a study in contrasts as many business sectors recovered from the pandemic recession only to face a new challenge: rising inflation. The financing market was no exception.
In its annual indicator of industry activity, the Secured Finance Network (SFNet) found cause for optimism but warned members to expect continued economic pressures in 2022.
The 2021 Annual Asset-Based Lending & Factoring Survey cited a year of rapid economic growth and increased demand for financing. Portfolios were strong, with SFNet reporting a significant decline in gross write-offs relative to volume and average earning assets.
-
Prana Announces New Financing Facility with Wells Fargo, Set to Drive Ongoing Growth Plans
Apr 12, 2022Prana, a leader within the organic and plant-based food industry, is pleased to announce the signing of a three-year credit agreement for a senior secured revolving loan facility and a senior secured term loan facility with Wells Fargo Capital Finance Corporation Canada that will enable the next stage of the company’s growth.
-
Maryland Financial Disclosures Bill Dies in Committee
Apr 12, 2022
Leslie J. Polt, Esq., Adelberg Rudow, provided the following analysis of Maryland’s Commercial Financing Transactions Act (SB825). He can be reached at lpolt@adelberg.com.
SFNet will continue to track this along with all other state disclosure legislation and work to influence favorable outcomes for our industry.
-
CIT Appoints Geoff Black to Managing Director and Group Head for Lender Finance Business
Apr 11, 2022CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of managing director and group head for the Lender Finance business in its Business Capital division. Black, who was also promoted to senior vice president, will be based in Jacksonville Florida and will oversee sales, marketing and business development for all of Lender Finance.
-
White Oak Provides $75 Million Term Loan Financing to North Atlantic Imports
Apr 11, 2022White Oak Global Advisors, LLC, (“White Oak”) announced today it has provided a $75 million term loan to North Atlantic Imports, which also operates under the name Blackstone Products (“Blackstone” or the "Company"), a Utah-based distributor of branded griddles and accessories. The loan was offered on a split-lien basis alongside a Wells Fargo ABL Revolver.
-
A Look at Continued Inflation and Its Impact on a Group of Key Industries
Apr 11, 2022In this article, Hilco experts from across the Valuation Services team discuss how the ongoing inflationary environment is impacting a broad range of industries from a cost, pricing and operational perspective.
-
MidCap Financial Provides a $30 Million Senior Secured Revolving Credit Facility to Jenni Kayne
Apr 7, 2022MidCap Financial today announced it has provided a $30 million senior secured revolving credit facility to Kayne, LLC (“Jenni Kayne” or “Company”). The MidCap credit facility refinanced the Company’s prior credit facility and will support the Company’s further growth and working capital needs.
-
CIT Names New Business Development Leaders and Account Executive-Team Leader in Commercial Services
Apr 6, 2022
CIT, a division of First Citizens Bank, today announced that its Commercial Services business is promoting and hiring new business development leaders to support clients and drive growth in factoring finance in the Northeast and West.
In the Northeast, Howard Moore and Paul Pagano are joining CIT's Commercial Services group as business development directors. Both are based in New York and hold responsibility for developing, maintaining and expanding client and prospect relationships across a wide range of business verticals.
-
Oxford Commercial Finance, a Subsidiary of Oxford Bank, Announces The Acquisition of The Assets of FSW Funding
Oxford Commercial Finance Corp.(“OCF”), a wholly owned subsidiary of Oxford Bank, is pleased to announce the acquisition of the assets of FSW Funding, and hiring their entire team today. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF team as SVP - Managing Director, Working Capital Division and lead that segment for OCF.
-
Shifting Gears: An Interview with Hilco Global’s Betsy Ratto
Apr 5, 2022Betsy Ratto is senior vice president of Hilco Capital Solutions: ReStore Capital and Hilco Corporate Finance, with responsibility to drive business for ReStore Capital and Hilco Corporate Finance. She is responsible for originating and executing corporate finance and capital markets transactions, with a focus on the retail industry and other financing transactions. She joined Hilco in fall 2021 and is based in Hilco’s Boston office.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development. -
Ares Commercial Finance Has Provided a Senior Secured Credit Facility to MFG Chemical, LLC
Apr 4, 2022Ares Commercial Finance announced today that it has provided a senior secured credit facility to MFG Chemical, LLC, a portfolio company of Platte River Equity. The credit facility consists of an asset based revolving line of credit and a term loan. Proceeds of the credit facility were used to refinance existing indebtedness and for ongoing working capital.
-
J.P. Morgan Commercial Banking Announces Leadership Updates for its Equipment Finance Business, Announces Expanded Responsibilities for Mac Fowle as its Head of Capital Finance Solutions
Apr 4, 2022
J.P. Morgan Commercial Banking has named Linda Redding its new Head of Equipment Finance and announced expanded responsibilities for Mac Fowle as its Head of Capital Finance Solutions. Redding will lead a team responsible for helping overseeing equipment finance originations and solutions for business clients. She will report to Fowle, who will oversee the Equipment Finance business while continuing to lead the Asset Based Lending business.
-
Leading the Way Forward: A Conversation with the Women of SFNet’s Management and Executive Committees
Apr 4, 2022In 2010, only 19 women served on the SFNet Board of Directors, today there are 46. We’ve doubled the representation of women on the Executive Committee from three to six. Here, we speak with the six women who currently sit on SFNet’s Executive and Management Committees.
-
First Eagle Investments to Acquire Napier Park Global Capital, Expanding Alternative Credit Capabilities
Mar 31, 2022First Eagle Investments ("First Eagle") today announced a definitive agreement to acquire Napier Park Global Capital ("Napier Park"), a leading alternative credit manager with approximately $18.7 billion in assets under management as of December 31, 2021, predominantly for institutions through credit funds, US and European collateralized loan obligations, and real assets. As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as "Napier Park, a First Eagle Investments Company" and maintain its investment approach, business focus and client service.
-
Greenbacker Secures $76 Million Credit Agreement with Fifth Third Bank and PNC Capital Markets
Apr 20, 2022Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading owner and operator of sustainable infrastructure and energy efficiency projects, has entered into a senior credit agreement of $76.3 million with joint lead arrangers Fifth Third Bank, National Association, and PNC Capital Markets LLC. Morgan Stanley Renewables Inc. served as tax equity investor. Fifth Third Bank also served as administrative agent.
-
First Citizens Adds Linda Stanley to its Middle Market Banking Business
First Citizens Bank today announced that it has hired experienced banker Linda Stanley as a relationship manager in its Middle Market Banking business.
In this role, Stanley will be responsible for developing, maintaining and expanding client and prospect relationships in the middle market financing sector, where the bank is a leader.
-
Eclipse Business Capital Provides $125mm In Financing To An Integrated Steel Manufacturer
Apr 18, 2022Eclipse Business Capital (“EBC”) announces the completion of a revolving credit facility for a vertically integrated manufacturer of steel products. The credit facility will be used to refinance existing bank indebtedness and provide ongoing working capital financing. The new revolver from Eclipse will provide needed liquidity to allow the company to capitalize on its strong market position and technical expertise.
-
When the Grass Isn’t Greener: How to Stay Where You Are and Ask for What You Want
We’ve all heard the phrase “The Great Resignation” over the past few months. Angela Fiorentino of AmeriFactors Financial Group and a member of SFNet’s Women in Secured Finance Committee gathered several top female executives to discuss the best way to communicate your professional goals and hold some of those “tough conversations” in this current climate. -
Chris McCarty Rejoins First Business Bank as Vice President – Asset-Based Lending
Apr 18, 2022Chris McCarty has a powerful accounting and credit analysis background, which he has leveraged over the past 15+ years to help clients solve cash flow and funding issues through the application of Asset-Based Lending, Specialty Finance, and Commercial Lending solutions. Chris previously worked with First Business Bank in 2019, and also has worked at First Horizon & Renasant Bank.
-
U.S. Bank’s Stampfel and Rubin Continue to Build Momentum, Deliver Innovative Asset-based Financing
Apr 14, 2022U.S. Bank announced it hired Daniel Stampfel and Mitch Rubin as senior vice presidents of its asset-based finance division. The hires are part of a strategy for the broader U.S. Bank commercial banking team to continue its expansion in Texas and across the country to better serve middle-market clients.
Here we sit with Daniel, Mitch and David Slavik, SVP, national sales director – middle market, U.S. Bank Asset Based Finance, to discuss expansion in New York and Texas, goals for the rest of the year, and industry trends and predictions. -
SFNet's Asset-Based Lending, Factoring Survey Reveals Year of Growth
Apr 13, 2022
Last year was a study in contrasts as many business sectors recovered from the pandemic recession only to face a new challenge: rising inflation. The financing market was no exception.
In its annual indicator of industry activity, the Secured Finance Network (SFNet) found cause for optimism but warned members to expect continued economic pressures in 2022.
The 2021 Annual Asset-Based Lending & Factoring Survey cited a year of rapid economic growth and increased demand for financing. Portfolios were strong, with SFNet reporting a significant decline in gross write-offs relative to volume and average earning assets.
-
Prana Announces New Financing Facility with Wells Fargo, Set to Drive Ongoing Growth Plans
Apr 12, 2022Prana, a leader within the organic and plant-based food industry, is pleased to announce the signing of a three-year credit agreement for a senior secured revolving loan facility and a senior secured term loan facility with Wells Fargo Capital Finance Corporation Canada that will enable the next stage of the company’s growth.
-
Maryland Financial Disclosures Bill Dies in Committee
Apr 12, 2022
Leslie J. Polt, Esq., Adelberg Rudow, provided the following analysis of Maryland’s Commercial Financing Transactions Act (SB825). He can be reached at lpolt@adelberg.com.
SFNet will continue to track this along with all other state disclosure legislation and work to influence favorable outcomes for our industry.
-
CIT Appoints Geoff Black to Managing Director and Group Head for Lender Finance Business
Apr 11, 2022CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of managing director and group head for the Lender Finance business in its Business Capital division. Black, who was also promoted to senior vice president, will be based in Jacksonville Florida and will oversee sales, marketing and business development for all of Lender Finance.
-
White Oak Provides $75 Million Term Loan Financing to North Atlantic Imports
Apr 11, 2022White Oak Global Advisors, LLC, (“White Oak”) announced today it has provided a $75 million term loan to North Atlantic Imports, which also operates under the name Blackstone Products (“Blackstone” or the "Company"), a Utah-based distributor of branded griddles and accessories. The loan was offered on a split-lien basis alongside a Wells Fargo ABL Revolver.
-
A Look at Continued Inflation and Its Impact on a Group of Key Industries
Apr 11, 2022In this article, Hilco experts from across the Valuation Services team discuss how the ongoing inflationary environment is impacting a broad range of industries from a cost, pricing and operational perspective.
-
MidCap Financial Provides a $30 Million Senior Secured Revolving Credit Facility to Jenni Kayne
Apr 7, 2022MidCap Financial today announced it has provided a $30 million senior secured revolving credit facility to Kayne, LLC (“Jenni Kayne” or “Company”). The MidCap credit facility refinanced the Company’s prior credit facility and will support the Company’s further growth and working capital needs.
-
CIT Names New Business Development Leaders and Account Executive-Team Leader in Commercial Services
Apr 6, 2022
CIT, a division of First Citizens Bank, today announced that its Commercial Services business is promoting and hiring new business development leaders to support clients and drive growth in factoring finance in the Northeast and West.
In the Northeast, Howard Moore and Paul Pagano are joining CIT's Commercial Services group as business development directors. Both are based in New York and hold responsibility for developing, maintaining and expanding client and prospect relationships across a wide range of business verticals.
-
Oxford Commercial Finance, a Subsidiary of Oxford Bank, Announces The Acquisition of The Assets of FSW Funding
Oxford Commercial Finance Corp.(“OCF”), a wholly owned subsidiary of Oxford Bank, is pleased to announce the acquisition of the assets of FSW Funding, and hiring their entire team today. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF team as SVP - Managing Director, Working Capital Division and lead that segment for OCF.
-
Shifting Gears: An Interview with Hilco Global’s Betsy Ratto
Apr 5, 2022Betsy Ratto is senior vice president of Hilco Capital Solutions: ReStore Capital and Hilco Corporate Finance, with responsibility to drive business for ReStore Capital and Hilco Corporate Finance. She is responsible for originating and executing corporate finance and capital markets transactions, with a focus on the retail industry and other financing transactions. She joined Hilco in fall 2021 and is based in Hilco’s Boston office.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development. -
Ares Commercial Finance Has Provided a Senior Secured Credit Facility to MFG Chemical, LLC
Apr 4, 2022Ares Commercial Finance announced today that it has provided a senior secured credit facility to MFG Chemical, LLC, a portfolio company of Platte River Equity. The credit facility consists of an asset based revolving line of credit and a term loan. Proceeds of the credit facility were used to refinance existing indebtedness and for ongoing working capital.
-
J.P. Morgan Commercial Banking Announces Leadership Updates for its Equipment Finance Business, Announces Expanded Responsibilities for Mac Fowle as its Head of Capital Finance Solutions
Apr 4, 2022
J.P. Morgan Commercial Banking has named Linda Redding its new Head of Equipment Finance and announced expanded responsibilities for Mac Fowle as its Head of Capital Finance Solutions. Redding will lead a team responsible for helping overseeing equipment finance originations and solutions for business clients. She will report to Fowle, who will oversee the Equipment Finance business while continuing to lead the Asset Based Lending business.
-
Leading the Way Forward: A Conversation with the Women of SFNet’s Management and Executive Committees
Apr 4, 2022In 2010, only 19 women served on the SFNet Board of Directors, today there are 46. We’ve doubled the representation of women on the Executive Committee from three to six. Here, we speak with the six women who currently sit on SFNet’s Executive and Management Committees.
-
First Eagle Investments to Acquire Napier Park Global Capital, Expanding Alternative Credit Capabilities
Mar 31, 2022First Eagle Investments ("First Eagle") today announced a definitive agreement to acquire Napier Park Global Capital ("Napier Park"), a leading alternative credit manager with approximately $18.7 billion in assets under management as of December 31, 2021, predominantly for institutions through credit funds, US and European collateralized loan obligations, and real assets. As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as "Napier Park, a First Eagle Investments Company" and maintain its investment approach, business focus and client service.
-
Greenbacker Secures $76 Million Credit Agreement with Fifth Third Bank and PNC Capital Markets
Apr 20, 2022Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading owner and operator of sustainable infrastructure and energy efficiency projects, has entered into a senior credit agreement of $76.3 million with joint lead arrangers Fifth Third Bank, National Association, and PNC Capital Markets LLC. Morgan Stanley Renewables Inc. served as tax equity investor. Fifth Third Bank also served as administrative agent.
-
First Citizens Adds Linda Stanley to its Middle Market Banking Business
First Citizens Bank today announced that it has hired experienced banker Linda Stanley as a relationship manager in its Middle Market Banking business.
In this role, Stanley will be responsible for developing, maintaining and expanding client and prospect relationships in the middle market financing sector, where the bank is a leader.
-
Eclipse Business Capital Provides $125mm In Financing To An Integrated Steel Manufacturer
Apr 18, 2022Eclipse Business Capital (“EBC”) announces the completion of a revolving credit facility for a vertically integrated manufacturer of steel products. The credit facility will be used to refinance existing bank indebtedness and provide ongoing working capital financing. The new revolver from Eclipse will provide needed liquidity to allow the company to capitalize on its strong market position and technical expertise.
-
When the Grass Isn’t Greener: How to Stay Where You Are and Ask for What You Want
We’ve all heard the phrase “The Great Resignation” over the past few months. Angela Fiorentino of AmeriFactors Financial Group and a member of SFNet’s Women in Secured Finance Committee gathered several top female executives to discuss the best way to communicate your professional goals and hold some of those “tough conversations” in this current climate. -
Chris McCarty Rejoins First Business Bank as Vice President – Asset-Based Lending
Apr 18, 2022Chris McCarty has a powerful accounting and credit analysis background, which he has leveraged over the past 15+ years to help clients solve cash flow and funding issues through the application of Asset-Based Lending, Specialty Finance, and Commercial Lending solutions. Chris previously worked with First Business Bank in 2019, and also has worked at First Horizon & Renasant Bank.
-
U.S. Bank’s Stampfel and Rubin Continue to Build Momentum, Deliver Innovative Asset-based Financing
Apr 14, 2022U.S. Bank announced it hired Daniel Stampfel and Mitch Rubin as senior vice presidents of its asset-based finance division. The hires are part of a strategy for the broader U.S. Bank commercial banking team to continue its expansion in Texas and across the country to better serve middle-market clients.
Here we sit with Daniel, Mitch and David Slavik, SVP, national sales director – middle market, U.S. Bank Asset Based Finance, to discuss expansion in New York and Texas, goals for the rest of the year, and industry trends and predictions. -
SFNet's Asset-Based Lending, Factoring Survey Reveals Year of Growth
Apr 13, 2022
Last year was a study in contrasts as many business sectors recovered from the pandemic recession only to face a new challenge: rising inflation. The financing market was no exception.
In its annual indicator of industry activity, the Secured Finance Network (SFNet) found cause for optimism but warned members to expect continued economic pressures in 2022.
The 2021 Annual Asset-Based Lending & Factoring Survey cited a year of rapid economic growth and increased demand for financing. Portfolios were strong, with SFNet reporting a significant decline in gross write-offs relative to volume and average earning assets.
-
Prana Announces New Financing Facility with Wells Fargo, Set to Drive Ongoing Growth Plans
Apr 12, 2022Prana, a leader within the organic and plant-based food industry, is pleased to announce the signing of a three-year credit agreement for a senior secured revolving loan facility and a senior secured term loan facility with Wells Fargo Capital Finance Corporation Canada that will enable the next stage of the company’s growth.
-
Maryland Financial Disclosures Bill Dies in Committee
Apr 12, 2022
Leslie J. Polt, Esq., Adelberg Rudow, provided the following analysis of Maryland’s Commercial Financing Transactions Act (SB825). He can be reached at lpolt@adelberg.com.
SFNet will continue to track this along with all other state disclosure legislation and work to influence favorable outcomes for our industry.
-
CIT Appoints Geoff Black to Managing Director and Group Head for Lender Finance Business
Apr 11, 2022CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of managing director and group head for the Lender Finance business in its Business Capital division. Black, who was also promoted to senior vice president, will be based in Jacksonville Florida and will oversee sales, marketing and business development for all of Lender Finance.
-
White Oak Provides $75 Million Term Loan Financing to North Atlantic Imports
Apr 11, 2022White Oak Global Advisors, LLC, (“White Oak”) announced today it has provided a $75 million term loan to North Atlantic Imports, which also operates under the name Blackstone Products (“Blackstone” or the "Company"), a Utah-based distributor of branded griddles and accessories. The loan was offered on a split-lien basis alongside a Wells Fargo ABL Revolver.
-
A Look at Continued Inflation and Its Impact on a Group of Key Industries
Apr 11, 2022In this article, Hilco experts from across the Valuation Services team discuss how the ongoing inflationary environment is impacting a broad range of industries from a cost, pricing and operational perspective.
-
MidCap Financial Provides a $30 Million Senior Secured Revolving Credit Facility to Jenni Kayne
Apr 7, 2022MidCap Financial today announced it has provided a $30 million senior secured revolving credit facility to Kayne, LLC (“Jenni Kayne” or “Company”). The MidCap credit facility refinanced the Company’s prior credit facility and will support the Company’s further growth and working capital needs.
-
CIT Names New Business Development Leaders and Account Executive-Team Leader in Commercial Services
Apr 6, 2022
CIT, a division of First Citizens Bank, today announced that its Commercial Services business is promoting and hiring new business development leaders to support clients and drive growth in factoring finance in the Northeast and West.
In the Northeast, Howard Moore and Paul Pagano are joining CIT's Commercial Services group as business development directors. Both are based in New York and hold responsibility for developing, maintaining and expanding client and prospect relationships across a wide range of business verticals.
-
Oxford Commercial Finance, a Subsidiary of Oxford Bank, Announces The Acquisition of The Assets of FSW Funding
Oxford Commercial Finance Corp.(“OCF”), a wholly owned subsidiary of Oxford Bank, is pleased to announce the acquisition of the assets of FSW Funding, and hiring their entire team today. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF team as SVP - Managing Director, Working Capital Division and lead that segment for OCF.
-
Shifting Gears: An Interview with Hilco Global’s Betsy Ratto
Apr 5, 2022Betsy Ratto is senior vice president of Hilco Capital Solutions: ReStore Capital and Hilco Corporate Finance, with responsibility to drive business for ReStore Capital and Hilco Corporate Finance. She is responsible for originating and executing corporate finance and capital markets transactions, with a focus on the retail industry and other financing transactions. She joined Hilco in fall 2021 and is based in Hilco’s Boston office.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development. -
Ares Commercial Finance Has Provided a Senior Secured Credit Facility to MFG Chemical, LLC
Apr 4, 2022Ares Commercial Finance announced today that it has provided a senior secured credit facility to MFG Chemical, LLC, a portfolio company of Platte River Equity. The credit facility consists of an asset based revolving line of credit and a term loan. Proceeds of the credit facility were used to refinance existing indebtedness and for ongoing working capital.
-
J.P. Morgan Commercial Banking Announces Leadership Updates for its Equipment Finance Business, Announces Expanded Responsibilities for Mac Fowle as its Head of Capital Finance Solutions
Apr 4, 2022
J.P. Morgan Commercial Banking has named Linda Redding its new Head of Equipment Finance and announced expanded responsibilities for Mac Fowle as its Head of Capital Finance Solutions. Redding will lead a team responsible for helping overseeing equipment finance originations and solutions for business clients. She will report to Fowle, who will oversee the Equipment Finance business while continuing to lead the Asset Based Lending business.
-
Leading the Way Forward: A Conversation with the Women of SFNet’s Management and Executive Committees
Apr 4, 2022In 2010, only 19 women served on the SFNet Board of Directors, today there are 46. We’ve doubled the representation of women on the Executive Committee from three to six. Here, we speak with the six women who currently sit on SFNet’s Executive and Management Committees.
-
First Eagle Investments to Acquire Napier Park Global Capital, Expanding Alternative Credit Capabilities
Mar 31, 2022First Eagle Investments ("First Eagle") today announced a definitive agreement to acquire Napier Park Global Capital ("Napier Park"), a leading alternative credit manager with approximately $18.7 billion in assets under management as of December 31, 2021, predominantly for institutions through credit funds, US and European collateralized loan obligations, and real assets. As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as "Napier Park, a First Eagle Investments Company" and maintain its investment approach, business focus and client service.