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Retail Distress Shows No Sign of Abating, Record Store Closures Anticipated
As the industry continues to struggle, the number of retailers filing for bankruptcy keeps growing, and 2017 could end up with the highest number of retail bankruptcies ever. That's the assessment of a new report from that compiles key sector information on retail bankruptcies and...
BofA Business Capital Provides $84MM ABL Revolver to Scrap Metal Services
Bank of America Business Capital has provided $84 million in credit facilities to Scrap Metal Services, LLC (SMS). Facilities include a $60 million asset based revolving credit facility, a $24.4 million term loan and a $4 million capital expenditure credit line. Proceeds were used to refinance...
Tiger Group Appoints Director of Business Development, Midwest
Rick L. Barfield, a veteran of the asset-based lending field, has joined Tiger Group as Director of Business Development for the asset valuation, advisory and disposition services firm’s Midwest region. From his base in Chicago, Barfield will lead the Midwest business development efforts for Tiger’s...
UBS Agents $385MM Credit Facility to Support TRC Companies, NMP Affiliate Merger
TRC Companies, Inc., a provider of engineering, environmental consulting and construction-management services, announced it has completed the previously announced merger with affiliates of New Mountain Partners IV, L.P., an investment fund managed by New Mountain Capital, L.L.C. As a result of the...
Automotive Middle Market – What’s the Play?
John Pencak
John Pencak, a Managing Director at Conway MacKenzie, discusses the outlook for the middle market automotive sector, and...
6/21/2017 Topic: Industry Trends
Inspiring employee creativity and innovation means giving workers the space to...
Bibby Financial Services’ Barry Kastner explains how commercial finance...
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