eCapital Corp. funded a $12 million asset-based lending facility with an $8 million accordion feature for a North Carolina-based distributor specializing in waterworks products and related items for contractors and municipalities. This infusion of...
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April 15, 2024, 07:10 AM
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Aequum Capital led a $45,000,000 revolving credit facility for a Midwest-based manufacturing and distribution company. The Facility will provide increased liquidity to the Company as it continues to execute its acquisition strategy. Helios Strategic...
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April 12, 2024, 07:15 AM
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Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, closed a $130 million senior revolving credit facility to Access Capital, a commercial lender to the staffing industry. The three year facility includes a $30 million...
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November 20, 2023, 07:00 AM
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Altriarch Specialty Finance Fund, a leading private credit manager based in Charleston, South Carolina, recently provided $43.5 million in committed capital to specialty finance lenders across the U.S. Altriarch offers flexible capital solutions in...
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November 08, 2023, 07:00 AM
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Wintrust Receivables Finance (WRF) closed a new $15 million account receivable line of credit for a Southwest-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country. The...
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November 01, 2023, 07:00 AM
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Confidence in the asset-based lending market in the second quarter was driven by hopes of a soft landing for the U.S. economy, according to data released by the Secured Finance Network. But lingering headwinds and recession risks still must be taken...
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September 28, 2023, 07:15 AM
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Visa released its first-ever 2023-2024 Growth Corporates Working Capital Index (WCI). The study surveyed CFOs and treasurers of growth corporates, organizations that have unique needs and capabilities but often fall through the cracks between small...
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September 19, 2023, 07:00 AM
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Santander Bank announced that its Commercial Bank closed a $250 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corp (WTEC). Santander acted as administrative agent, joint lead arranger and joint bookrunner on...
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September 18, 2023, 07:05 AM
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eCapital Corp. announced the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth...
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August 23, 2023, 07:05 AM
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Hilco Global announced that veteran Lazard banker David Kurtz, will join the firm, serving as Vice Chairman and Chief Strategic Officer. Kurtz will report to and work closely with Hilco Global Chief Executive Officer and Founder Jeffrey B. Hecktman....
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August 09, 2023, 07:18 AM
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First Solar announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. J.P. Morgan Chase Bank...
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July 10, 2023, 07:00 AM
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White Oak ABL and White Oak Commercial Finance, the asset-based lending affiliates of White Oak Global Advisors provided a $40 million North America ABL credit facility to Invacare Holdings Corporation, a leading manufacturer and distributor of...
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June 22, 2023, 07:05 AM
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RecNation Storage, a leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, amended and upsized its revolving credit facility to borrow up to $500 million assuming certain conditions are met. The...
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May 31, 2023, 07:00 AM
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Flux Power Holdings, a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First...
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May 01, 2023, 07:05 AM
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Jefferies Financial Group and Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation, SMBC Nikko Securities Inc., and SMBC Nikko Securities America Inc. (collectively, “SMBC Group”) have expanded their strategic alliance to collaborate...
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April 28, 2023, 07:00 AM
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Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, closed a 7-year $400 million senior secured Term Loan B (TLB), which will bear interest, at the company's option, at adjusted...
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April 17, 2023, 07:00 AM
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Hancock Whitney has established a new companywide asset-based lending (ABL) division primarily serving 12 states across the southern United States. Mike Knuckles, an asset-based lending executive with decades of industry experience, will lead the...
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April 04, 2023, 07:05 AM
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CrossAmerica Partners entered into an amended and restated five-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank. The Amended Facility provides borrowing capacity up to $925 million, an increase from the...
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April 04, 2023, 07:00 AM
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Culain Capital Funding completed a $750,000 accounts receivable factoring facility with a privately owned Specialty Maintenance and Welding Services Company. Through a referral to Culain Capital from a commercial loan broker, the company detailed...
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April 03, 2023, 07:00 AM
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When a Gulf Coast-based second-generation food manufacturing company needed more support during seasonal growth periods, the company’s commercial banker sought a better partner for a line of credit that would allow the referring banker to maintain...
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March 30, 2023, 07:05 AM
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Wingspire Capital agented a $125 million senior secured credit facility to an internationally recognized cosmetics company for the expansion of their complement of current brands, future product development, and potential acquisitions.The credit...
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March 30, 2023, 07:00 AM
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OYA Renewables (OYA), an energy transition solutions platform, secured backing from City National Bank (CNB), a wholly owned U.S. subsidiary of Royal Bank of Canada – with a $27.1 million long-term loan facility. In addition to this, OYA also...
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March 28, 2023, 07:00 AM
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Stifel Financial Corp. announced a significant expansion of its business serving growth companies in the venture community through the addition of three key partners formerly with Silicon Valley Bank, (“SVB”). Jake Moseley, Matt Trotter, and Ted...
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March 27, 2023, 07:00 AM
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Ares Commercial Finance provided a $31.2 million senior secured credit facility for a family-owned and operated manufacturer and distributor of high-quality home and garden equipment for professional and consumer use. The credit facility consists of...
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March 17, 2023, 07:00 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, provided $10 million in financing to American Gas Products (AGP), a full-service national industrial and specialty gas supplier....
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March 06, 2023, 07:00 AM
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eCapital Corp. issued $95 million in lines of credit during the fourth quarter of 2022 through its eCapital ABL North America division. With this working capital, the companies – which include CPG products in the home and lawn categories – plan to...
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January 25, 2023, 07:05 AM
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eCapital Corp. announced the increase of its syndicated bank facility supporting its eCapital Asset Based Lending (ABL) division, including eCapital Healthcare. Wells Fargo Bank acted as the administrative agent for the lenders and, along with...
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December 16, 2022, 07:00 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (RSM) in partnership with the U.S. Chamber of Commerce, eased to 124.2 in the fourth quarter, down 12.5 points from the previous quarter. While the index remains at a level that...
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December 12, 2022, 07:15 AM
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Bell Bank announces the launch of Bell Business Credit, a national specialty lending team providing asset-based lending and factoring services ideally suited for working capital intensive companies that generate $2 million to $120 million in annual...
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November 21, 2022, 07:12 AM
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Bridge Bank announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group.Seven recent hires support the ongoing buildout of monitoring support for the Capital Finance Group, which serves clients...
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September 22, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, announced that the Specialty Finance unit of its Asset-Based Lending business provided $100 million in financing to Stonegate Capital, a middle-market asset-based lender primarily focused on the consumer...
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September 12, 2022, 07:08 AM
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Accord Financial expanded their US Asset Based Finance group to include Maryanne Lenardo and Gail Heldke. Both with the title of Managing Director, Originations, each will be responsible for developing partnerships across a broad range of industries...
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June 20, 2022, 07:13 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, eased to 125.1 in the first quarter of this year from 130 in the previous quarter as the omicron variant and rising...
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March 15, 2022, 07:09 AM
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Adapting to ongoing shifts in consumer behavior is key to recovering asset value, advises Michael McGrail in Q&A with ABL Advisor. Retailers’ store-closing and going-out-of-business sales are performing better than expected—especially in categories...
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October 26, 2020, 07:05 AM
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Just a few weeks after AccuVal and LiquiTec announced the co-branding of their businesses under the name AccuVal-LiquiTec, the reputed AccuVal newsletter has taken on a new look and feel. Now called The AccuVal-LiquiTec Advisory, the newsletter...
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February 07, 2013, 07:20 AM
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Equipment Finance Advisor announced the launch of its newest innovative online publishing platform – ABL Advisor at the Commercial Finance Association’s annual convention in Phoenix, AZ on November 15th. This platform, designed to meet the...
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November 16, 2012, 06:18 AM
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Equipment Finance Advisor today announced the addition of two senior leaders to its team, Denise Finegan as Director of Sales and Marketing, and Stuart P. Papavassiliou as Executive Editor. The company also announced its expansion into publishing...
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September 05, 2012, 07:40 AM
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