Stifel & Lord Abbett Form Leveraged Lending Joint Venture, SBLA Private Credit
Portfolio Pulse from Benzinga Newsdesk
Stifel Financial Corp. (NYSE:SF) and Lord Abbett, LLC have announced the formation of a leveraged lending joint venture named SBLA Private Credit. This venture will focus on new and existing loans to small and mid-sized portfolio companies of financial sponsors, enhancing the capabilities of both firms.
June 12, 2024 | 12:37 pm
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Stifel Financial Corp. (NYSE:SF) has formed a leveraged lending joint venture with Lord Abbett, LLC named SBLA Private Credit. This venture will enhance Stifel's capabilities in providing loans to small and mid-sized portfolio companies.
The formation of SBLA Private Credit is likely to enhance Stifel's lending capabilities, potentially leading to increased revenue and market presence in the leveraged lending sector. This positive development is expected to have a favorable short-term impact on Stifel's stock price.
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