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1 month ago | 
abfjournal.com | Brianna Wilson
Affiliates of Stellus Capital Management provided senior debt financing and an equity co-investment in support of CIVC Partners’ investment in Strategus in partnership with co-founders Dave Miles and Joel Cox, CEO Todd Porch and the broader Strategus management team. “Strategus is a premier provider in the sector with more than a decade of experience delivering CTV and omnichannel marketing campaigns to its agency and brand clients,” Scott Schwartz, partner at CIVC, said.
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1 month ago | 
abfjournal.com | Brianna Wilson
Specialist bridge lender Hilco Real Estate Finance (HREF) has seen a record month of lending in February, delivering three deals worth over £43.8 million across the UK. The hat trick of deals, secured against assets in Leeds, London and Wakefield, support developers and entrepreneurs right across the country to leverage their portfolio for exit or refinancing and are a continuation of the HREF strategy that saw over £200 million deployed last year.
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1 month ago | 
abfjournal.com | Brianna Wilson
Magnite, an independent sell-side advertising company, repriced, for the second time, its $363 million senior secured term loan facility due February 2031. The repricing reduces the interest rate by 75 basis points to term SOFR + 3.00% from the previous rate of term SOFR + 3.75% and will result in yearly interest savings of over $2.7 million.
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1 month ago | 
abfjournal.com | Brianna Wilson
BMO has appointed Tony Sciarrino as head, U.S. commercial bank, where he will oversee operations and work closely with senior leadership to drive growth and deepen client relationships across key U.S. markets. Sciarrino will report to both Nadim Hirji, group head, BMO Commercial Bank and Darrel Hackett, U.S. CEO, BMO. He will join BMO’s U.S. management committee and the BMO Commercial Bank executive committee.
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1 month ago | 
abfjournal.com | Brianna Wilson
Dillard’s amended and extended its $800 million senior secured revolving credit facility consistent with the company’s liquidity needs. A $200 million expansion option remains in place. The new maturity date is March 12, 2030.
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1 month ago | 
abfjournal.com | Brianna Wilson
Haynes Boone welcomed partner Clarissa Howley Mills to the firm’s Dallas office and environmental practice group. Mills joins from the United States Environmental Protection Agency (EPA), where she spent the last nine years protecting the government’s interests in high-profile cases, most recently as deputy regional counsel EPA region 6.
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1 month ago | 
abfjournal.com | Brianna Wilson
Winston & Strawn represented Oben Group, a plastic film producer in the Americas, in connection with a $42 million private placement of debt securities to institutional investors. Winston & Strawn acted as U.S. special counsel to the issuers from Colombia, México and U.S. in connection with the issuance and sale of its 7.25% senior notes due March 5, 2025 to certain purchasers under the note purchase and guarantee agreement dated March 5, 2035.
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1 month ago | 
abfjournal.com | Brianna Wilson
Specialist asset-based lender Ultimate Finance is reducing its pricing structure for its development exit facilities and key product enhancements across its range of bridging loans as they drive growth. These improvements come as a direct response to market research with key brokers, ensuring that the funder’s bridging offering remains competitive and meets the needs of property developers and investors.
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1 month ago | 
abfjournal.com | Brianna Wilson
Celtic Capital Corporation has announced its latest client relationship with an electrical maintenance and lighting replacement company based in the Pacific region, serving various commercial industries. The company sought to replace its costly factoring arrangement in order to lower its financing expenses and gain more flexibility to achieve its revenue goals for the upcoming year. A trusted advisor, who is also a strong referral partner for Celtic Capital, brought this opportunity to the firm.
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1 month ago | 
abfjournal.com | Brianna Wilson
B. Riley Financial, a diversified financial services company, closed a $160 million senior secured term loan provided by funds managed by Oaktree Capital Management. The transaction was completed on Feb. 27, 2025. The new financing replaces an existing senior secured credit facility agented by Nomura Securities International, reducing B. Riley’s outstanding debt under that facility to approximately $65 million.
