Michael Sullivan

5 days ago | abladvisor.com | Michael A. Toglia |Michael Sullivan

Huntington Business Credit closed a $40,000,000 new credit facility with Profound Alloys, LLC on April 18, 2025. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing. Profound Alloys, LLC, headquartered in Canonsburg, Pennsylvania, is a distributor of raw material alloys to the foundry and steel mill industries in the United States.

5 days ago | abladvisor.com | Michael Sullivan |Michael A. Toglia

Saks Global Enterprises shared progress against its previously announced measures to strengthen its balance sheet and support its long-term growth. The Company has secured $350 million of financing commitments from SLR Credit Solutions (“SLR”) consisting of a $300 million first-in, last-out (FILO) facility for the company and a $50 million secured term loan facility for certain subsidiaries of the Company, providing additional liquidity to support the execution of the Company’s business plan.

5 days ago | abladvisor.com | Michael A. Toglia |Michael Sullivan

Wingspire Capital provided a $150 million revolving credit facility to New APR Energy, LLC (d/b/a APR Energy), a global leader in fast-track power generation solutions. Proceeds will be used for capital expenditures, maintenance, and equipment refurbishment, while also providing additional flexibility and liquidity to support APR Energy’s operations and growth. APR Energy, based in Jacksonville, Florida, owns one of the world’s largest mobile gas turbine fleets, with 850 megawatts of capacity.

5 days ago | abladvisor.com | Michael A. Toglia |Michael Sullivan

Antares Capital and Ares Management Corporation announced the closing of Antares’ first continuation vehicle with over $1.2 billion in commitments. The transaction was led by Ares Credit Secondaries funds, along with a commitment from Antares. The continuation vehicle was established to purchase assets and limited partner interests from two comingled private credit funds comprising over 100 underlying first lien, floating rate loans originated and managed by Antares.

5 days ago | abladvisor.com | Michael A. Toglia |Michael Sullivan

Keystone National Group closed a $50,000,000 senior secured revolving warehouse line of credit for a national electronics lease-to-own company. Keystone’s investment will allow the company to grow its business of providing lease-to-own financing products to consumers across the United States.