ABL Deal: Tradewind Finance Closes $17MM Credit Facility for Best ...
WEBAug 20, 2024 — Lenders/Participants Tradewind Finance [Lender] : Structure Credit Facility Amount $17.000 Million
GoldenTree Asset Management Expands Private Credit Team
WEBAug 14, 2024 — GoldenTree Asset Management, a global asset management firm with approximately $55 billion in assets under management, announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination. Punhani brings to …
Lumio Files Chapter 11 with Stalking Horse Bid from Affiliate of …
WEBSep 3, 2024 — Lumio, a leader in personalized renewable energy, filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware to complete a value-maximizing sale process and strengthen its financial position.The Company anticipates completing the sale process in less than two months. During the sale process, the Company’s operations will continue ...
Wingspire Equipment Finance Surpasses $2B in Funded Volume
WEBAug 29, 2024 — Wingspire Equipment Finance proudly announced a significant company milestone, surpassing $2 billion in funded transactions. This landmark accomplishment underscores the company's rapid growth and dedication to providing exceptional financial solutions for its clients. Founded in 2017 by Eric Freeman, initially …
Wells Fargo Bank Agents $815MM ABL and Term Loan …
WEB3 days ago — The AZEK Company, a designer and manufacturer of sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK Trim®, and StruXure® pergolas, entered into a new credit agreement with Wells Fargo Bank, as administrative agent and collateral agent, and the lenders and financial institutions party thereto, the arrangement of which was led by Wells Fargo ...
Braavo Capital Provides $3MM Credit Facility to Welltory
WEB3 days ago — September 30, 2024, 07:49 AM. Filed Under: Technology. Welltory, an all-in-one personalized health and wellness app, closed a $3 million credit line with Braavo Capital. The funding will empower Welltory to invest deeper into its strategic product and market growth to become the leader in the preventative and people-centric care categories.
Financial news on asset based and commercial lending topics
WEB1 day ago — Business News by Commercial Finance Topic - Asset Based Lending, Bankruptcy, Banking, Specialty Lending, Factoring, Purchase Order Finance, Real Estate Lending, Turnaround Management and more.
Siena Lending Group Expands Healthcare Originations Team
WEBSep 24, 2024 — Siena Lending Group announced that Jackson Bunn has joined the team as Vice President, New Business Originations within the Healthcare Division. Bunn has 11 plus years of diverse experience across ABL and Real Estate finance in the Healthcare sector and will be located in North Carolina. Bunn spent the first five years of …
Monroe Capital Supports Goldman Sachs Alternatives’ Acquisition …
WEBAug 14, 2024 — Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Xpress Wellness, LLC ("Xpress") by Goldman Sachs Alternatives. Based in Oklahoma City, OK, Xpress is affiliated with a physician-led rural healthcare platform that provides a range of high-quality, affordable, and convenient ...
MidCap Financial Provides $125MM Term Loan and $100MM
WEBAug 21, 2024 — Aspen Aerogels, a technology leader in sustainability and electrification solutions, closed on a $125 million term loan facility and $100 million capacity asset-based revolving credit facility with MidCap Financial.The collateral structure of this agreement excludes the assets of Aspen's wholly-owned subsidiary, Aspen Aerogels Georgia LLC, including the Company's planned second aerogel ...