Former CEO of First Brands Group, LLC, Patrick James, and Former Senior Executive, Edward James, Deceived Multiple Banks and Direct Lenders Through Fake Collateral, Double- and Triple-Pledged Assets, and Misleading Financial StatementsUnited States Attorney for the Southern District of New York, Jay Clayton, United States Attorney for the Northern District of Ohio, David M. Toepfer, Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), James C.
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February 02, 2026 @ 08:15 AM
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Nine Energy Service, a leading onshore completion solutions provider, announced that it has reached an agreement with its debtholders on a comprehensive recapitalization transaction designed to strengthen its capital structure and support the Company's long-term financial health. To implement the transaction, Nine Energy Service, Inc. and certain of its U.S. and Canadian subsidiaries (the "Company") have filed a voluntary, prepackaged chapter 11 case (the "Chapter 11 Cases") in the U.S.
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February 02, 2026 @ 08:05 AM
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Fortress Investment Group announced that funds managed by its affiliates (“Fortress”) have closed a $112 million senior secured loan to support the acquisition and redevelopment of a 33.9-acre covered land site located in Brea, California. The financing consists of a senior secured mortgage loan of $107 million, and additional funding to support interest carry and transaction costs. Fortress served as sole lender on the financing. The site has been acquired by an entity controlled by Dwight
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February 02, 2026 @ 08:02 AM
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Fifth Third Bancorp closed its merger with Comerica Incorporated to create the ninth-largest U.S. bank with approximately $294 billion in assets. The combination of Fifth Third’s award-winning retail banking and digital capabilities with Comerica’s strong middle market banking franchise and attractive footprint further strengthens Fifth Third’s stability, profitability and growth potential.The merger builds upon Fifth Third’s strong momentum entering 2026, following a year of record revenue
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February 02, 2026 @ 08:00 AM
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Stratton Capital Group, a private credit firm focused on complex, transitional real estate and infrastructure-backed financings, announced the successful closing of a $13.7 million senior secured land bridge loan supporting a large-scale energy and ag-tech development in Maurice River, New Jersey.The financing supported the acquisition of a 2,100-acre parcel positioned for a multi-phase development incorporating controlled-environment agriculture, utility-scale solar generation, battery storage
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February 02, 2026 @ 07:50 AM
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H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $74 billion of capital under management, provided a new first lien, senior-secured credit facility to Büter Group, a portfolio company of NPM Capital ("NPM"). Based in Emmen, the Netherlands, Büter is a manufacturer of hydraulic cylinders and hydraulic lift solutions. The Company provides customized hydraulic cylinders to Original Equipment Manufacturers of low- to mid-volume
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February 02, 2026 @ 07:40 AM
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Brean Capital completed its acquisition of strategic business units from Janney Montgomery Scott LLC ("Janney"). With the closing of this transaction, Brean Capital adds a team of approximately 50 capital markets professionals across the acquired business units, representing a meaningful influx of sector expertise and leadership.The incoming team expands Brean Capital's footprint throughout key financial centers including Atlanta, Philadelphia, Cleveland, Chicago and San Francisco. These
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February 02, 2026 @ 07:21 AM
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Clarus Capital completed an upsizing of its existing loan facility for an established, family-office backed private aviation platform. The expanded facility, now totaling $38 million, will further support the company’s fleet management amidst accelerating demand for private air travel. Clarus CEO Steve O’Leary commented “We appreciate the opportunity to continue supporting this client as its needs evolve throughout business cycles. Scaling our commitment with this client reflects the diligent
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February 02, 2026 @ 07:14 AM
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The M&A Advisor announced the winners of the 20th Annual Turnaround Awards. Commercial Finance Partners was named a winner for the Restructuring of the Year (Up to $25MM) Category. The awards will be presented at a Black-Tie Awards Gala on Tuesday, March 24, 2026, at The Four Seasons Resort, in Palm Beach, Florida.“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. Commercial Finance Partners was chosen from hundreds of participating companies to
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February 02, 2026 @ 07:00 AM
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U.S. Bancorp, parent company of U.S. Bank, announced that Souheil Badran, its senior executive vice president and chief operations officer, will retire from the bank this spring.“Souheil has led our operations function with distinction and a keen eye toward elevating our client experience with our contact centers and driving productivity and efficiency in service of our shareholders,” said Gunjan Kedia, U.S. Bancorp chief executive officer. “I have appreciated his insights, advocacy and
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January 30, 2026 @ 08:20 AM
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Pasadena Private Lending (PPL), a leading private credit provider to lower middle-market businesses, and Eagle Point Credit Management (Eagle Point), an innovative private credit investment manager, announced that Eagle Point has become a strategic partner across the PPL capital structure, with a total capital commitment of $105 million.This partnership builds on PPL's recent expansion of its senior credit facilities and represents a significant milestone in the firm's continued
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January 30, 2026 @ 08:19 AM
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Gibraltar Business Capital (GBC) has completed a $20MM senior secured facility for a portfolio company of a premier private equity firm (the “Sponsor”). This financing provides additional working capital to support the Company’s continued operational momentum and strategic investments for its next phase of growth.The Company manufactures and distributes a diverse portfolio of consumer living products under several well-recognized brand names. The relationship with GBC equips the company with the
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January 30, 2026 @ 08:12 AM
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TAB Bank closed a $2.25 million asset-based lending facility, which includes a $1 million inventory subline, for Bright Stripes LLC. The capital provided from this credit facility will create growth opportunities for Bright Stripes, while furthering their mission of cultivating the power of creative play to inspire kids to create the world they want to live in.Headquartered in New Jersey, Bright Stripes was launched in 2019 to inspire present and future generations to embrace creative projects
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January 30, 2026 @ 08:05 AM
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Jupiter Power, a leading developer and operator of utility-scale battery energy storage systems (BESS), closed a $500 million senior secured Green Revolving Loan and Letter of Credit Facility (the "Facility"), upsizing the company's existing $225 million facility originally closed in September 2024. The Facility provides flexible capital available for borrowings or the issuance of letters of credit to support the rapid advancement of Jupiter's project pipeline across the United States. Barclays
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January 30, 2026 @ 08:03 AM
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Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust announced that Elizabeth “Liz” Martone has joined the organization as Senior Managing Director, Group Director. Operating from the Bank’s Park Avenue Office in New York City, she will play a pivotal role as a part of James Handal’s leadership team.Martone is a seasoned banking executive with 25 years of financial services experience and a proven track record of building and managing high-value client relationships, driving
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January 30, 2026 @ 07:53 AM
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