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Red Lobster Management LLC, along with its direct and indirect operating subsidiaries, owner and operator of the Red Lobster® restaurant chain, announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the... Read Story

Filed Under: Bankruptcy
May 20, 2024 @ 08:00 AM

Encina Lender Finance closed a $50 million senior credit facility for a consumer point-of-sale lending platform with a network of more than 2,000 merchants nationwide.The borrower will use this facility to support its continued growth. Read Story

Filed Under: Lender Finance
May 20, 2024 @ 07:50 AM

Bastion Management agented a senior debt investment of $150 million, with an accordion up to $225 million, in Sezzle Inc. to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates. The new facility will... Read Story

Filed Under: FinTech
May 20, 2024 @ 07:48 AM

Solifi received an accolade in the Best New Services Solutions: Data and Asset Management category in the 2024 Sustainable Finance Awards. The awards, which took place in May in Paris, celebrate the success of leading finance businesses in achieving... Read Story

Filed Under: Technology
May 20, 2024 @ 07:41 AM

Churchill Asset Management and Dawson Partners announced the closing of a $425 million transaction.The transaction, solely financed by Dawson vehicles, served as an alternative solution to a traditional secondary sale, delivering liquidity to... Read Story

Filed Under: Industry News
May 20, 2024 @ 07:40 AM

KKR and Origis Energy, a leading renewable energy and decarbonization solution platform, announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis. Proceeds from the... Read Story

Filed Under: Energy
May 20, 2024 @ 07:37 AM

Eclipse Business Capital provided a $18.5 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a mining company that serves various industrial end markets.  The credit facility is secured by accounts... Read Story

Filed Under: Mining
May 20, 2024 @ 07:35 AM

First Citizens Bank's Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas. The facility will cover more than 272,000 square feet and feature... Read Story

Filed Under: Real Estate
May 20, 2024 @ 07:30 AM

CapitalPlus Financial Services provided a $3 million financing facility to a prominent Louisiana-based marine contractor. This strategic funding is designed to augment the contractor's existing $25 million bank facilities, enabling them to secure... Read Story

Filed Under: Marine
May 20, 2024 @ 07:00 AM

Caleb Smith has joined Gordon Brothers as Managing Director, North America Real Estate Services. In this role, Smith oversees Real Estate Services’ daily operations through the implementation of streamlined processes, procedures and methodologies and... Read Story

May 17, 2024 @ 08:00 AM