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First National Capital Structures $12 Million Two-Stage Financing for Multi-Megawatt AI Compute Expansion

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Bridge-to-permanent structure allowed a PE-backed colocation provider to secure long-lead power and cooling infrastructure while a broader refinancing remained in process

IRVINE, Calif., July 29, 2026 /PRNewswire-PRWeb/ — First National Capital Corporation, one of the largest independent providers of capital equipment and project financing in North America, today announced it has structured a $12 million equipment financing solution supporting a multi-megawatt AI and GPU compute expansion for a regional colocation and hybrid data center services provider.

The client, a private equity-backed operator of multiple U.S. facilities, identified an expansion opportunity driven by accelerating enterprise demand for high-density colocation capable of supporting AI workloads. The build-out carried a single-tenant commitment and a fixed deployment deadline, and required substantial near-term capital for UPS systems, chillers, power distribution units, and battery and resiliency equipment — much of it subject to extended vendor lead times and upfront deposits at the point of order.

The company was simultaneously completing a broader refinancing of its existing credit facility, creating a timing conflict between two capital events. Equipment procurement could not wait for the refinancing to close without jeopardizing the deployment schedule, while funding the equipment from working capital or the existing facility would have consumed liquidity and covenant headroom during a critical expansion.

First National structured the transaction in two stages to match the client’s sequence. An initial $6 million bridge tranche funded immediately, enabling procurement and deployment of critical infrastructure without waiting on the refinancing. Upon completion of that refinancing, First National will fund the remaining approximately $6 million and convert the bridge into a standard equipment loan, providing an uninterrupted transition from interim to permanent financing.

“In data centers, the procurement slot is the deadline,” said Philip Gronnerud, SVP, Co-founder of First National Capital Corporation. “The equipment market does not care what stage a company’s refinancing is in. This client had contracted demand, existing facilities, and a tenant waiting — what they needed was capital that arrived on the schedule the equipment imposed rather than the schedule the credit markets preferred. Structuring around that sequence, rather than asking the client to work around ours, is what the transaction actually required.”

The transaction reflects a broader constraint reshaping data center development. Industry analysis has estimated that a substantial share of planned 2026 U.S. data center capacity is at risk of delay or cancellation because long-lead electrical equipment cannot be delivered on schedule — a constraint driven by manufacturing capacity rather than by capital availability. First National has published a companion analysis of the issue, The Order Window Does Not Wait for Your Refinancing, examining why equipment procurement timing has become the binding constraint on AI infrastructure deployment and what capital structures address it. The analysis is available at firstncc.com.

First National Capital Corporation has completed more than $4.5 billion in funding of equipment, technology, aircraft, and capital projects for mid-sized and large companies across North America, with transaction capacity from $500,000 to $250 million.

Media Contact

Tahir Baloch, First National Capital, 1 949.707.2070 x 243, keith@sawbuxmarketing.com, https://firstncc.com/

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SOURCE First National Capital

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As Geopolitical Forces Shape Australian Markets, Mitrade Announces Bloomberg.com Partnership for a Better-Informed Financial World

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July 30, 2026

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MELBOURNE, Australia, July 30, 2026 /PRNewswire/ — Global broker Mitrade today announced a partnership with Bloomberg.com as geopolitical developments influence Australian currency, commodity and equity markets. For traders navigating these cross-border movements, timely news and broader context are becoming increasingly important.

Earlier this year, conflict in the Middle East interrupted oil shipments through the Strait of Hormuz and drove sharp volatility in global oil prices. Weeks later, the Reserve Bank of Australia raised the cash rate to 4.35%, citing conflict-related fuel pressures alongside elevated domestic inflation, with implications for the Australian dollar, bond yields and equity indices. Intervals between a geopolitical event and its local market consequence keeps shortening.

Against this backdrop, Mitrade’s partnership with Bloomberg.com reflects the growing importance of credible business and financial information in understanding increasingly interconnected global markets. Bloomberg.com offers expert insights, custom watchlists, data tools, and 24/7 live TV and radio, helping its users connect the dots between markets, policy and global business.

“Australian traders operate in markets where information is abundant, but credibility is not. Bloomberg.com’s trusted reporting and analysis bring depth to our commitment to market access and trader education,” said Elven Jong, CEO of Mitrade Australia. “From today, selected Mitrade Pro clients receive Bloomberg.com subscriptions, helping them make better-informed decisions. This is a first step: we hope to deepen the synergy between Mitrade’s trader-first approach and Bloomberg.com’s global perspective in the coming year.”

To date, Mitrade has received 65 industry awards across global and regional categories. Its recent accolades include Regulated Broker of the Year Global and Best Broker Education Global from International Business Magazine, and Best CFD Broker Global from Global Business & Finance Magazine. Together, these accolades recognise Mitrade’s continued progress across regulatory standards, trader education and CFD brokerage.

About Mitrade

Mitrade is an award-winning CFD trading platform founded in Melbourne, trusted by 7M+ traders worldwide. It operates under top-tier financial regulators—Australia’s ASIC (AFSL398528), Cyprus’ CySEC (CIF438/23), the Cayman Islands’ CIMA (SIB1612446), South Africa’s FSCA (54842), and Mauritius’s FSC (GB20025791)—delivering a secure, seamless, and intuitive trading experience.

The platform provides 1,000+ CFDs on indices, forex, commodities, ETFs, and shares. Mitrade redefines trading with millisecond execution, razor-thin spreads, robust risk management, and multi-device compatibility.

Trading involves risk. This article is for informational purposes only and does not constitute financial advice, an offer, or a solicitation.

Visit https://www.mitrade.com for more information.

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SOURCE Mitrade Group

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MAC.BID Brings $1 Online Auctions & Deep Retail Discounts to the St. Louis Metro

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July 29, 2026

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New St. Peters warehouse lets local shoppers bid on returned, overstock goods from top national retailers, with savings of up to 80% off retail

PITTSBURGH, July 29, 2026 /PRNewswire/ — Online retail liquidation company, MAC.BID, announced today the opening of its 30th retail location in St. Peters, Missouri, part of the St. Louis metro area. The new facility, located at 16060 Spencer Road St. Peters, MO 63376, will open later this fall and is expected to create more than 70 new local jobs.

St. Peters warehouse lets shoppers bid on returned, overstock goods from national retailers, with savings of up to 80%

MAC.BID buys returned and overstocked products by the truckload from top retailers like Amazon, Target, Walmart, Lowes, Home Depot, and Wayfair and resells the items individually through their proprietary online auction platform. All products are put up for auction with an opening bid of $1, and are sold to the highest bidder with no reserve price. Winning bidders can expect to save up to 80% off retail while enjoying the online auction process.

“We’re excited to become part of the St. Peters and the larger St. Louis Metro community as we open our 30th warehouse,” said Kellen Campbell, co-founder and president of MAC.BID. “We see real opportunity here, for the local economy, for the more than 70 people we’ll hire, and for shoppers across the St. Louis metro area looking for a smarter way to save.”

MAC.BID operates at the heart of retailers’ biggest headache: reverse logistics. MAC.BID works directly with major retailers to process truckloads of returned and overstock merchandise that would otherwise be difficult and costly for retailers to handle internally. Retail returns require significant labor, time, and warehouse space to inspect, sort, and re-route back to inventory, often at a scale that makes it inefficient for retailers to manage in-house. Instead, many retailers choose to sell this inventory in bulk to MAC.BID, allowing products to move quickly through a streamlined resale process.

“As grocery bills, gas prices, and everyday costs keep climbing, families are having to choose between the things they need and the things they love,” Campbell added. “MAC.BID changes that. We deliver deep discounts on the products people already love and make saving money feel like winning, not settling.”

At its core, MAC.BID believes in providing second chances for the products they sell and communities they impact. The company’s devotion to sustainability ensures that many returned and overstocked items find a new home through its marketplace and aren’t left squandered.

The Pennsylvania-based company now employs over 1,600 teammates across its 30 locations in Arizona, Colorado, Georgia, Iowa, Missouri, Nevada, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas. In 2025 alone, MAC.BID helped customers save more than $1.1 billion off retail pricing, driven by more than 17,000 truckloads of products processed and 300,000+ items put up for auction daily through the company’s auction platform.

About MAC.BID
MAC.BID is an online retail liquidation company that buys returned and overstocked goods by the truckload from top retailers like Amazon, Target, Walmart, Home Depot, and Wayfair and resells the items individually through their proprietary online auction platform. Founded by Shawn Allen and Kellen Campbell in 2018, the Butler, Pennsylvania-based company operates 30 locations across Arizona, Colorado, Georgia, Iowa, Missouri, Nevada, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas.

For more information, please visit https://www.mac.bid/how-it-works 

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SOURCE MAC.BID

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General Dynamics Electric Boat awarded construction contracts for 14 submarines as part of $76.6 billion Navy award

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July 29, 2026

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GROTON, Conn., July 29, 2026 /PRNewswire/ — As part of today’s $76.6 billion Navy contract announcement, General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced it has been awarded $29.5 billion for five additional Columbia-class submarines, $42.1 billion for nine additional Virginia-Class submarines, and additional support for shipyard infrastructure.

Information about these contract modifications is detailed in the U.S. Department of War contract awards, which can be found here and here.

“These important contract modifications provide Electric Boat and our suppliers with the demand certainty we need to continue investing in capacity and hiring the workforce necessary to ensure we deliver these important national security assets on schedule,” said Mark Rayha, president of General Dynamics Electric Boat.

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, it employs more than 27,000 people. More information about General Dynamics Electric Boat is available at www.gdeb.com.

Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com.

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SOURCE General Dynamics

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