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News Stories (774 Results) - Industry News

Yara has signed a $1.1 billion five-year multicurrency revolving credit facility ("RCF") with two one-year extension options.The RCF refinances Yara’s revolving credit facility dated 5 July 2013 and will be available for general corporate purposes.... Read Story

July 16, 2019, 08:50 AM

Churchill Asset Management (“Churchill”) today announced that it has been recognized as “USA Lender of the Year” at the USA M&A Atlas Awards. Presented by the Global M&A Network, the awards honor outstanding firms, dealmakers and value-creating... Read Story

July 16, 2019, 08:30 AM

Syndicated loan issuance to U.S. middle market firms jumped 48% in the second quarter of 2019 following a slow start during the first three months of the year. That's according to a report from Reuters that said loan totals reached $39.6 billion... Read Story

July 15, 2019, 09:00 AM

Antares announced that it served as a lead arranger and is acting as administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for New Mountain Capital’s Gelest, Inc.Founded in 1991 and... Read Story

July 11, 2019, 09:00 AM

Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility in support of Equity Group Investments’ (EGI) partnership with Lanter Delivery Systems. The infusion of capital from EGI... Read Story

July 11, 2019, 08:55 AM

Hornbeck Offshore Services, Inc. announced that it entered into a new $100 million senior secured asset-based revolving credit facility.The Administrative and Collateral Agent of the Senior Credit Facility is CIT Northbridge Credit LLC. The Company's... Read Story

July 08, 2019, 08:55 AM

Tree Line Capital Partners served as lead arranger and administrative agent for an $82,335,000 first lien credit facility for Ingenio. CVC Credit Partners participated in the facility, and Western Alliance Bank provided a revolving credit... Read Story

July 03, 2019, 08:40 AM

U.S. banks are expected to report lower sequential net interest margins (NIM) during the second-quarter 2019 earnings season as the Treasury yield curve has notably flattened, according to the latest dashboard report from Fitch Ratings. The Federal... Read Story

July 02, 2019, 09:00 AM

Solaris Water Midstream, LLC, a provider of water-related infrastructure to the oil and gas industry, announced  it has increased the size of its revolving credit facility to $350 million from $250 million. Cadence Bank N.A. acted as lead arranger... Read Story

July 02, 2019, 08:45 AM

Gardner Denver Holdings, Inc. announced that on June 28, 2019, it entered into an amendment to its existing credit agreement that extended, increased and repriced the borrowing capacity under its revolving credit facility.The amendment refinances the... Read Story

July 02, 2019, 08:40 AM

WaterBridge Holdings LLC announced the closing of significant transactions that provide additional expansion capital and operational scale in the Southern Delaware Basin.  WaterBridge's $1.0 billion Term Loan B is priced at L+575 / 97.5 OID and... Read Story

June 28, 2019, 08:30 AM

Bank of America announced that it will no longer finance companies that operate private prisons, barely four months after a similar move by JPMorgan Chase.The decision, reported by multiple media outlets, comes amid increasing public pressure on the... Read Story

June 27, 2019, 09:00 AM

MoneyGram International, Inc. reported that it has entered into a new first lien credit agreement and a new second lien credit agreement, each with Bank of America, N.A. acting as administrative agent.The new agreements provide for: a first lien... Read Story

June 27, 2019, 08:45 AM

Newtek Business Services Corp., an internally managed business development company (BDC) announced that Newtek Small Business Finance, LLC (NSBF), the Company’s nationally licensed SBA lender subsidiary, increased its existing revolving credit... Read Story

June 26, 2019, 08:50 AM

A majority of lenders in the U.S. market believe the number of loans monitored and actively managed by their workout groups will increase over the next year, with distress expected in the retail, energy, healthcare and automotive sectors, according... Read Story

June 25, 2019, 09:00 AM

CVC Credit Partners announced the final close of Global Special Situations Fund II (the "Fund" or "GSS II") with total capital commitments of $1.42 billion raised within 8 months, surpassing its original target of $1.0 billion as outlined further in... Read Story

June 25, 2019, 08:00 AM

CARBO Ceramics Inc. announced that it has entered into an amended credit agreement with the Wilks Brothers, LLC and a promissory note with its affiliate, Equify Financial LLC. The total amount of borrowings under this new structure remains the same... Read Story

June 21, 2019, 08:30 AM

Angelo, Gordon & Co., L.P., a $33 billion alternative investment firm focused on credit and real estate investing, announced that it has raised over $2.75 billion in equity commitments for AG Direct Lending Fund III, exceeding the Fund’s $2 billion... Read Story

June 19, 2019, 08:55 AM

The Flowr Corporation announced that the Corporation has received a loan commitment from a syndicate of lenders led by ATB Financial (“ATB”) in its capacity as lead arranger and administrative agent for up to $50,000,000 of committed senior secured... Read Story

June 19, 2019, 08:40 AM

The Securities and Exchange Commission (SEC) has charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB).  The... Read Story

June 18, 2019, 09:00 AM

Jack in the Box Inc. announced that certain of its subsidiaries intend to complete a refinancing of the company’s existing senior credit facility, which is comprised of a term loan and revolving credit facility, with a new securitized financing... Read Story

June 18, 2019, 08:30 AM

A 2% high yield default rate is projected for YE 2020 on a record low 12% 'CCC' share of issues and only 5% of outstandings due before 2021, according to a new Fitch Ratings report.The forecast assumes continued economic growth but caveats that... Read Story

June 17, 2019, 09:15 AM

Brian Moynihan, Chief Executive Officer at Bank of America, was recognized as one of the most Influential thought leaders of 2019 by Barron,s Magazine, the Publication announced.Moynihan, 59, took over in 2010 when Bank of America, still mired in... Read Story

June 17, 2019, 08:00 AM

Private capital funds have been increasingly turning to subscription credit facilities (SCFs) to offer funding for deals. These arrangements, whereby a fund manager secures short-term financing from a credit provider in lieu of making capital calls... Read Story

June 12, 2019, 08:40 AM

TCF National Bank (TCF Bank) and TCF Financial Corporation (TCF) announced the formation of TCF Capital Solutions, which brings together the resources of TCF Equipment Finance and Winthrop Resources Corporation to deliver deep lending and leasing... Read Story

June 12, 2019, 08:00 AM

Sasol Limited announced that its wholly owned subsidiary Sasol Financing USA LLC has entered into new $1.8 billion US dollar-denominated senior unsecured credit facilities, comprised of a $1.65 billion term loan facility and a $150 million revolving... Read Story

June 07, 2019, 08:45 AM

36th Street Capital Partners, LLC announced it has expanded its three-year, senior secured revolving credit facility to $125 million, an increase of $25 million.Bridgeport, CT-based People’s United Bank has joined the existing syndicate for the... Read Story

June 04, 2019, 08:50 AM

When leading AV companies — including PRG/VER, Keslow Camera, Illumination Dynamics, and Birns & Sawyer — choose to trim their surplus inventory and raise additional capital for inventory refreshment, they often turn to Tiger Group to execute... Read Story

May 31, 2019, 08:45 AM

The M&A Advisor announced this year’s winners of the 10th Annual Emerging Leaders Awards. Renowned globally for its recognition of leading M&A, financing, and turnaround professionals, The M&A Advisor created this awards program to honor the emerging... Read Story

May 31, 2019, 08:35 AM

Gibraltar Business Capital continued its success building relationships with private equity groups by closing a $3.5 million line of credit for Chief Supply, headquartered in Charlotte, N.C.Chief Supply Corporation is a national distributor of public... Read Story

May 30, 2019, 08:55 AM

The recent slowdown in M&A and LBO-related loan issuance volumes is providing an opportunity for sponsors and arrangers to launch dividend recapitalization (recaps) transactions intended to normalize returns on investments, according to Fitch Ratings... Read Story

May 29, 2019, 09:00 AM

Seller’s market sentiment is down in all market segments except for businesses with $5 million to $50 million in enterprise value. Looking back a year, seller’s market sentiment has decreased notably for businesses valued between $1 million – $2... Read Story

May 28, 2019, 09:00 AM

Louis Dreyfus Company B.V. (LDC) announced the renewal of its $750 million revolving credit facility (RCF) in North America, including a sustainability-linked pricing mechanism for the first time. The transaction replaces its previous three-year $750... Read Story

May 28, 2019, 08:50 AM

HCP, Inc. announced that it has closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility and a new $250 million unsecured term loan facility.The amendment and restatement increased the size of... Read Story

May 28, 2019, 08:45 AM

Capital Southwest Corporation, an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an expansion to its Senior Secured... Read Story

May 28, 2019, 08:30 AM

Service Corporation International entered into a new senior unsecured credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions, as lenders, providing for a $650 million senior term loan... Read Story

May 24, 2019, 08:55 AM

Distressed debt has long been a major component of the private debt industry. At the time of the Global Financial Crisis (GFC) distressed debt funds raised record levels of capital and saw record performance, as funds took advantage of distressed... Read Story

May 24, 2019, 08:50 AM

Monroe Capital LLC was selected as the recipient of the 2019 Best U.S. Direct Lending Fund by Creditflux, a London-based global publication and leading information source for the rapidly evolving market for credit funds and CLOs. The award was... Read Story

May 22, 2019, 09:00 AM

Monroe Capital LLC announced an increase in its credit facility to Mammoth Holdings to support the acquisition FLCW, LLC d/b/a Finish Line Car Wash. In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm... Read Story

May 21, 2019, 08:45 AM

Hitachi Capital America (HCA), a leading specialty finance company focusing on commercial loans and leases, is expanding its suite of working capital solutions in the Mexican marketplace, all while having witnessed a substantial growth of 30% in its... Read Story

May 21, 2019, 08:25 AM

Comptroller of the Currency Joseph M. Otting told lawmakers that increased liberalization in the leveraged loan market carries the risk of destabilizing the economy, and nonbank financial institutions are leading the charge.During testimony May 15... Read Story

May 20, 2019, 09:00 AM

The ONE Group Hospitality, Inc. announced the successful closing of a new credit facility on May 15, 2019 that includes a $10.0 million term loan and a new $10.0 million revolving credit facility. The new credit facility bears an interest rate of... Read Story

May 17, 2019, 08:45 AM

EY recently announced Jason Floyd and Michael Monk of Amerisource Business Capital as finalists for the Entrepreneur Of The Year® 2019 Award in the Gulf Coast Area. Widely considered one of the most prestigious business awards programs in the U.S.... Read Story

May 14, 2019, 09:00 AM

Mitsubishi UFJ Financial Group (MUFG), Inc., the world's fifth-largest financial institution by assets with approximately $2.7 trillion, cites a number of current trends in asset-based lending as observed by Ed Gately, Head of MUFG's Asset-Based... Read Story

May 08, 2019, 08:50 AM

TPG, a global alternative assets firm, announced the closing of TPG Tech Adjacencies (TTAD), a new investment vehicle focused on capital solutions for the technology industry. TTAD aims to provide flexible capital for founders, employees, and early... Read Story

May 06, 2019, 08:55 AM

With an increase of 18%, M&A advisory was the only business to report a year-over-year gain in the first quarter of 2019 for the five U.S. global trade and universal banks (GTUBs), according to the latest U.S. Capital Markets Quarterly report from... Read Story

May 02, 2019, 09:15 AM

A high ratio of corporate debt to GDP is tolerable as long as a material contraction of core pretax profits is avoided, according to a new report from Moody's Analytics. According to the 26-page analysis, history shows that the ratio of corporate... Read Story

April 26, 2019, 09:15 AM

B. Riley FBR, Inc. served as the exclusive financial advisor to Stream Companies (Stream) in connection with a strategic growth investment from Sverica Capital Management (Sverica). As part of the transaction, Sverica acquired an equity interest in... Read Story

April 26, 2019, 08:50 AM

THL Credit Advisors LLC, an alternative credit manager, announced that it has closed THL Credit Lake Shore CLO I at $411 million (Lake Shore I). The offering represents THL Credit’s first collateralized loan obligation (CLO) that includes middle... Read Story

April 24, 2019, 09:00 AM

Monroe Capital LLC announced an increase in its credit facility to TPC Training (TPC) to support the acquisitions of National Environmental Trainers, Inc. (NET) and Intelivert. TPC is an existing portfolio company of Frontenac.Based in Buffalo Grove... Read Story

April 23, 2019, 09:03 AM

CUI Global, Inc. announced that it closed on a previously announced two-year revolving line of credit facility of up to $10.0 million with Bank of America Merrill Lynch. The new facility replaces the Company's existing $5.0 million U.S.-based... Read Story

April 22, 2019, 08:50 AM

Brex, the first corporate card for startups, and Barclays Investment Bank, today announced a $100 million debt capital raise to help power the next phase of Brex’s growth. The capital comes in the form of a warehouse line of credit, which is backed... Read Story

April 18, 2019, 09:10 AM

The 12 Federal Reserve Banks issued the Small Business Credit Survey: 2019 Report on Employer Firms, which examines the findings of an annual survey of small business owners nationwide. The Report focuses on small employer firms, businesses that have... Read Story

April 17, 2019, 08:55 AM

B. Riley FBR, Inc., a full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., announced it served as the exclusive financial advisor to USA Holdings, LP (d.b.a. USA Communications) in the sale of its cable TV and... Read Story

April 16, 2019, 09:05 AM

With public offerings from large companies like Uber and Pinterest on the horizon, banks can expect to witness a spike in loan volume to support the IPO process, Reuters reports.According to data from Thomson Reuters LPC, the rebound comes following... Read Story

April 15, 2019, 09:10 AM

Frederick “Rick” Eugene Wolfert, 64, of Greensboro, GA, passed away peacefully on April 9, 2019 at St. Mary’s Good Samaritan Hospital in Greensboro, GA. Rick had a long and distinguished career in the equipment finance industry. He was an active... Read Story

April 12, 2019, 08:55 AM

Golub Capital BDC, Inc., a business development company, today announced that it originated $116.1 million in new middle-market investment commitments during the three months ended March 31, 2019. Approximately 90% of the new middle-market investment... Read Story

April 11, 2019, 09:15 AM

Ninepoint Partners (Ninepoint), one of Canada’s alternatives asset managers, is pleased to announce the launch of the Ninepoint Monroe U.S. Private Debt Fund (The Fund). Ninepoint has engaged the Chicago-based private credit asset management firm... Read Story

April 11, 2019, 09:12 AM

Forward Financing, a provider of technology-enabled alternative financing solutions for under-served small businesses, has closed on a $90 million credit facility, consisting of a $60 million senior revolving credit facility and a $30 million junior... Read Story

April 09, 2019, 08:55 AM

BlueVine, an online lender to small- and medium-sized businesses, announced that it is making term loan financing available for business owners through its suite of online financing solutions. The BlueVine Term Loan provides small- and medium-sized... Read Story

April 09, 2019, 08:45 AM

Hyster-Yale Materials Handling, Inc., its wholly owned subsidiaries, Hyster-Yale Group, Inc., Hyster-Yale Nederland B.V., Hyster-Yale International B.V., Hyster-Yale Holding B.V., Bolzoni Capital Holding B.V., Hyster-Yale UK Limited, Bolzoni Capital... Read Story

April 09, 2019, 08:40 AM

A new survey of more than 1,200 small business owners by OnDeck finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Forty-one percent of small businesses expect... Read Story

April 08, 2019, 09:00 AM

Alvarez & Marsal (A&M) announced the formal establishment of its Cost Optimization service offering within its Private Equity Performance Improvement group. Led by Managing Directors Michael Beetz in San Francisco, and Cliff Hall and Markus Lahrkamp... Read Story

April 05, 2019, 08:55 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility in conjunction with Insignia Capital Group’s investment, which together will help to accelerate MediaAlpha’s growth... Read Story

April 03, 2019, 08:40 AM

Endologix, Inc., a developer and marketer of innovative treatments for aortic disorders, announced that it has entered into a definitive agreement to raise approximately $52 million gross cash proceeds through the issuance of approximately 7.9... Read Story

April 01, 2019, 09:00 AM

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announce the strategic decision to expand the Bank’s corporate advisory and structured finance business under a new Investment Banking division. Eric H. Waser will lead this new group... Read Story

March 29, 2019, 09:10 AM

For years private equity firms have invested in healthcare, but now the pace is quickening as they step up their presence in a highly fragmented health industry, seizing on consolidation opportunities to build a better business model, according to a... Read Story

March 28, 2019, 09:15 AM

B. Riley Capital Management, LLC, a SEC Registered Investment Advisor and wholly-owned subsidiary of B. Riley Financial, Inc. announced that Tim Gramatovich joined the firm as Chief Investment Officer of its newly established credit platform, Gateway... Read Story

March 27, 2019, 09:30 AM

B. Riley FBR, Inc., a full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., served as the exclusive buy-side advisor to Luna Innovations Incorporated in connection with the Company's acquisition of General Photonics... Read Story

March 26, 2019, 08:40 AM

Viemed Healthcare, Inc., a home medical equipment supplier that provides post-acute respiratory care services in the United States, announced that it has entered into an amendment to its two year commercial business loan agreement increasing the line... Read Story

March 25, 2019, 08:59 AM

La Caisse de dépôt et placement du Québec (CDPQ) has acquired a minority stake in Hilco Trading, LLC (d/b/a Hilco Global), an independent financial services company. Following the transaction, CDPQ will own 27% of Hilco Global.Through this new... Read Story

March 22, 2019, 08:40 AM

Tree Line Capital Partners, LLC, (Tree Line) announced the expansion of its lower middle-market direct lending platform with the addition of approximately $800 million of new debt and equity commitments. The new capital commitments have provided Tree... Read Story

March 22, 2019, 08:17 AM

An overwhelming majority (90 percent) of asset-backed securities (ABS) professionals feel that adopting new technologies will be important to preparing their businesses for the next economic cycle, according to Capital One’s sixth annual survey at... Read Story

March 21, 2019, 08:27 AM

AloStar Capital Finance announced that the acquisition of Fenix Parts, Inc. by Stellex Capital Management has been recognized as the “Out-of-Court Restructuring of the Year” in the under $100 million category in the 13th Annual Turnaround Awards by... Read Story

March 19, 2019, 08:14 AM

Total outstandings of private and public nonfinancial-sector debt grew by 5.1% year-to-year as of the final quarter of 2018, reaching a record high of $51.796 trillion, according to a briefing by Moody's Analytics referencing the latest version of... Read Story

March 18, 2019, 08:00 AM

Mitsubishi UFJ Financial Group, Inc. (MUFG) announced its global Healthcare Banking franchise has expanded to include a U.S. Middle Market group. The development of a Middle Market business is a natural extension of MUFG's successful global... Read Story

March 12, 2019, 08:43 AM

Hercules Capital, Inc., the largest and leading specialty finance provider to innovative, venture growth stage companies backed by some of the leading U.S. and top-tier venture capital and select private equity firms, was named 2018 Specialty Finance... Read Story

March 06, 2019, 08:00 AM

Monroe Capital LLC was selected again as the recipient of the 2018 Lower Mid-Market Lender of the Year Award in the Americas region by Private Debt Investor, a global independent publication based in London covering the private debt and private... Read Story

March 05, 2019, 10:05 AM

SSG Capital Advisors, LLC (SSG) acted as the investment banker to Argos Therapeutics, Inc. in the sale of substantially all of its assets to an affiliate of SCM Lifescience Co., Ltd. ("SCM Lifescience") and Genexine, Inc. (Genexine). The sale was... Read Story

March 05, 2019, 10:02 AM

J. Scott Victor, Managing Director of SSG Capital Advisors, LLC (SSG), was named an Influencer of Finance in the Investment Banking category by The Inquirer in Philadelphia. He was presented with the award on February 28th during an awards ceremony... Read Story

March 01, 2019, 07:05 AM

Hitachi Capital America Corp. has signed a definitive agreement to purchase the assets of Ohio-based Global Technology Finance, a supply chain financing provider to value added resellers (VARs) in the technology industry. The decision to acquire... Read Story

February 26, 2019, 08:02 AM

Maranon Capital, L.P., an investment firm focused on private credit investments in middle market companies, announced that Eldridge Industries has increased its investment in Maranon, now holding a majority ownership position. In addition to the... Read Story

February 04, 2019, 08:00 AM

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that it acted as administrative agent, lead arranger, and book runner for a $1.2 billion asset-based credit facility and a $125 million term loan facility in connection with the... Read Story

February 01, 2019, 08:10 AM

Monroe Capital LLC has been recognized by Global M&A Network as the Small Middle Markets Lender of the Year for the sixth consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City. This award... Read Story

January 31, 2019, 08:15 AM

Middle-market companies seeking growth or liquidity have fueled a strong mergers and acquisitions market in recent years and expectations remain high for this year, but Citizens Commercial Banking’s annual survey found many companies see a slowdown... Read Story

January 30, 2019, 09:00 AM

Antares announced that it closed more than 300 transactions in 2018, issuing nearly $25 billion in financing commitments including approximately $1.5 billion in new unitranche program commitments, and syndicating approximately $15 billion of credit... Read Story

January 29, 2019, 08:25 AM

American credit specialist CIFC has launched a UCITS fund as it builds its presence in Europe. The CIFC Global Floating Rate Credit Fund opens up access to the firm’s structured credit expertise for the first time in a UCITS format. It will invest in... Read Story

January 29, 2019, 07:00 AM

Capital One announced that its unitranche loan program, ULTra, closed approximately $1.1 billion in commitments to borrowers in the healthcare and services industries in 2018.  The program, with HPS Investment Partners as its strategic co-investor... Read Story

January 28, 2019, 08:00 AM

SSG Capital Advisors, LLC acted as the exclusive investment banker to American Fuel Cell and Coated Fabrics Company on its sale of substantially all of its assets to an affiliate of LB Advisors, LLC and Playa Capital Partners, LLC.  The sale was... Read Story

January 21, 2019, 07:11 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $203.1 million in new middle-market investment commitments during the three months ended December 31, 2018. Approximately 77% of the new middle-market investment... Read Story

January 14, 2019, 07:06 AM

Capital One announced that its Healthcare Corporate Finance group was once again the No. 1 lead arranger, measured by number of deals, for healthcare leveraged loans up to $1 billion, according to Refinitiv (formerly Thomson Reuters Financial & Risk)... Read Story

January 08, 2019, 08:00 AM

Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo Gordon, announced that it has committed over $2 billion to private equity sponsors in support of healthcare sector transactions in the middle market, including over $1... Read Story

January 07, 2019, 07:47 AM

The $1.3 trillion leveraged loan market is facing a shakeup as investors begin to lose faith in the value of the assets used to back the large debt facilities that many large yet struggling companies use to finance operations and growth, Bloomberg... Read Story

January 04, 2019, 08:19 AM

Ares Management Corporation announced the final closing of its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund (SDL). SDL was significantly oversubscribed relative to its initial target of $2 billion in L.P.... Read Story

January 04, 2019, 08:00 AM

On December 27, 218 ABL Advisor erroneously published a news story involving the firm LIG Assets, Inc. that was originally published in 2013. The information is now outdated. We make every effort to verify the information we receive prior to... Read Story

December 28, 2018, 02:00 PM

Heritage Global Partners, a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc., announced it has entered into a strategic partnership with Napier Park Global Capital (“Napier Park”), to pursue acquisition... Read Story

December 21, 2018, 09:01 AM

Gladstone Capital Corporation, a business development company, announced that it originated and closed approximately $50 million in new lower middle-market investments to date during the three months ending December 31, 2018.  Approximately 78% of... Read Story

December 20, 2018, 08:10 AM

The Securities and Exchange Commission announced that Fifth Street Management LLC, formerly an SEC-registered investment adviser based in Greenwich, Connecticut, has agreed to settle charges relating to the misallocation of certain expenses to its... Read Story

December 07, 2018, 08:00 AM

Monroe Capital LLC announced the final close of its 2018 Monroe Capital Private Credit Fund III (“Fund”) at $1.33 billion of limited partner commitments with over 100 investors in eight countries, eclipsing the Fund target of $800 million. When... Read Story

November 27, 2018, 08:11 AM

ABL Advisor's offices will be closed on Thursday, November 22nd and Friday, November 23rd in observance of Thanksgiving. We will return with our Daily eNews Blast on Monday, November 26th. We wish all our readers a safe and happy Thanksgiving... Read Story

November 21, 2018, 07:01 AM

CIT Group Inc. revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting... Read Story

November 16, 2018, 07:45 AM

Aligning operational risk management (ORM) with strategy could enable strategic change, improve business performance and enhance customers’ experience for financial institutions. However, only half of firms surveyed with less than $250 billion in... Read Story

November 12, 2018, 08:00 AM

Tapping new sources of collateral is the key to gaining an edge in today’s hypercompetitive asset-based lending sector, noted Bradley W. Snyder, Executive Managing Director of Tiger Group, during a panel sponsored by the new Washington chapter of the... Read Story

November 06, 2018, 07:03 AM

Bibby Financial Services North America (BFS) funded close to $60 million in alternative financial solutions for more than 240 new clients in the U.S. and Canada during Q2 & Q3 of 2018, bringing the company’s mid-year funding outlook to a double-digit... Read Story

October 22, 2018, 07:15 AM

H.I.G. Capital (H.I.G.), a global alternative asset management firm with $28 billion of equity capital under management, announced the closing of H.I.G. Growth Buyouts & Equity Fund III. The Fund closed with aggregate capital commitments of $970... Read Story

October 19, 2018, 08:00 AM

Amur Equipment Finance, Inc. (AmurEF) announces the completion of its sixth term securitization and second securitization this year. A total of $250,944,000 in rated securities secured by equipment leases and loans originated by AmurEF were issued... Read Story

October 19, 2018, 07:10 AM

The Alternatives Reference Rates Committee's (ARRC) suggestions for addressing the discontinuation of LIBOR leave some risk to borrowers and lenders with respect to loan repricing, according to Fitch Ratings.As anticipated, the ARRC has recently... Read Story

October 10, 2018, 08:01 AM

PNC Bank launched the national expansion of retail banking, leveraging an array of digital banking capabilities and featuring a new high-yield savings account available to new customers who reside beyond PNC's traditional market of 19 states and... Read Story

October 02, 2018, 07:06 AM

For the first time, finance leaders are joining world leaders from government and health to launch The Tobacco-Free Finance Pledge. The Pledge encourages signatories to consider the adoption of tobacco-free finance policies across lending, insurance... Read Story

September 27, 2018, 08:00 AM

Hilco Streambank, an advisory firm specializing in the sale of intellectual property assets, is marketing for sale the Excel.com premium domain name. Hilco Streambank has set an initial offer deadline of October 18, 2018 and set a minimum opening bid... Read Story

September 21, 2018, 07:13 AM

Hilco Streambank announced the continued globalization of its intellectual property advisory services platform with the integration of Hilco Global’s European Intellectual Property services office in the U.K. The U.K. office will continue to be... Read Story

September 12, 2018, 07:10 AM

Diebold Nixdorf announced it has secured a capital commitment for $650 million from two leading institutional lenders and has launched a process to amend its existing credit agreement. The company expects to complete these activities over the coming... Read Story

August 28, 2018, 07:09 AM

According to a Bloomberg report, Social Finance, Inc. is in talks with banks to secure a revolving line of credit of as much as $1 bllion after posting a second quarter loss, according to people famiar with the atter. According to the report, the... Read Story

August 17, 2018, 08:28 AM

Equity Partners HG, a subsidiary of Heritage Global, has been selected as an Outstanding Investment Banking Firm by the Beard Group’s Turnarounds & Workouts publication.  Turnarounds & Workouts is a newsletter for corporate restructuring... Read Story

August 17, 2018, 07:00 AM

Lincoln International released the second quarter 2018 issue of its Lincoln Middle Market Index (Lincoln MMI). The Lincoln MMI is a unique index measuring middle market enterprise values. The first-of-its-kind index provides a useful benchmarking... Read Story

August 16, 2018, 08:18 AM

Hitachi Capital America (HCA) announced that its trade finance team is in the process of expanding its capabilities to Mexico and continues to see substantial growth in its trade finance portfolio.Mexican companies seeking liquidity and balance sheet... Read Story

August 16, 2018, 08:00 AM

The Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares Capital LP and Bain Capital Credit, LP, announced that it closed four unitranche transactions in July with new and existing borrowers totaling $794 million... Read Story

August 08, 2018, 07:12 AM

Cedar Croft Consulting, in its capacity as financial advisor, structures and secured a $17MM senior secured revolving and term loan credit facility for the turnaround of a large family-owned retailer and wholesaler tile distributor in Los Angeles... Read Story

August 06, 2018, 08:00 AM

Global alternative asset manager The Carlyle Group announced the final close of Carlyle Partners VII, an $18.5 billion fund that makes majority and strategic minority investments primarily in the U.S. across five industries: Aerospace, Defense &... Read Story

July 30, 2018, 08:00 AM

Prudential Capital Group provided $5.3 billion of senior debt and junior capital to middle-market companies and projects globally in the first half of 2018. "Our global footprint and our origination platform have enabled us to meet borrower demand... Read Story

July 20, 2018, 07:00 AM

Hilco Global announced it will be donating thousands of new children’s toys and baby products to underprivileged children throughout Chicago and Boston with an in-kind donation totaling $1 million retail. The donation is part of an ongoing company... Read Story

July 16, 2018, 07:03 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $195.8 million in new middle-market investment commitments during the three months ended June 30, 2018. Approximately 87% of the new middle-market investment... Read Story

July 13, 2018, 08:00 AM

The ABL Advisor office will be closed on Wednesday, July 4 in observance of Independence Day. We will return on Thursday, July 5 to bring you our coverage of the equipment finance industry.We wish our readers a safe and happy holiday! Read Story

July 03, 2018, 11:00 PM

A flood of private equity investment into the institutional middle market has pushed the share of highly leveraged deals in the sector to record highs, with more lenders negotiating "borrower-friendly" deals that include lower spreads, looser... Read Story

June 25, 2018, 08:00 AM

Harsco Corporation announced amendments to its existing senior secured credit facilities in order to, among other things, reduce the interest rate applicable to the $545 million of term loans outstanding and increase the amount of its revolving... Read Story

June 21, 2018, 07:05 AM

Rockland Trust announced financial transactions totaling more than $38.275 million with local businesses located north of Boston. The funding will be applied to enhancing existing operations and positioning the companies for future growth. The loans... Read Story

June 18, 2018, 07:06 AM

WaterBridge Resources LLC  announced that its subsidiary WaterBridge Operating LLC has entered into a $200 million revolving credit facility led by SunTrust Bank with a syndicate of nine financial institutions.  The Credit Facility will be used for... Read Story

June 15, 2018, 07:15 AM

Leveraged lending was higher in May, taking year to date volume past the $500 billion mark, according to the latest data from Thomson Reuters. Volume was driven by a jump in institutional activity, which accounts for 69% of issuance this year.... Read Story

June 13, 2018, 08:01 AM

Encina Business Credit, LLC (EBC) announced that it has upsized an existing asset-based revolving credit facility to a government services company from $25 million to $73.5 million. The increase in commitment amount coincides with the company closing... Read Story

June 07, 2018, 07:12 AM

GrowGeneration Corp., one of the largest specialty retail hydroponic and organic gardening stores, announced that it has received $10 million from strategic investors, including a $7.5 million investment from Gotham Green Partners (GGP). GGP is a New... Read Story

May 10, 2018, 07:18 AM

Gibraltar Business Capital recently closed three asset-based loans for a variety of organizations to meet their unique business needs. In just 32 days, Gibraltar closed an $8 million credit facility with a $15 million accordion for a sponsor-owned... Read Story

May 09, 2018, 07:00 AM

The Ares Management, L.P. Credit Group is providing additional details on certain new financing commitments in its U.S. direct lending strategies that closed during the first quarter of 2018, which totaled approximately $3.0 billion in commitments... Read Story

May 07, 2018, 07:13 AM

DS-Concept, a global provider of trade finance solutions for small and medium-sized enterprises, has changed its name to Tradewind. The firm, a recognized leader in international export factoring, decided on the change in order to illustrate its... Read Story

May 03, 2018, 07:10 AM

CIT Direct Capital announced the results of its new survey conducted by The Harris Poll revealing that nearly three out of four small businesses in the U.S. plan to expand their product and service offerings this year.  "With strong expectations for... Read Story

May 01, 2018, 07:23 AM

Hitachi Business Finance, a division of Hitachi Capital America Corp., recently participated in five syndicated transactions and provided two A/R financing facilities for a total of $74.2 million.As participants in syndicated transactions, Hitachi... Read Story

April 25, 2018, 07:07 AM

Bibby Financial Services North America (BFS) provided funding during Q1 2018 to 91 new clients in the U.S. and Canada. BFS saw a 30% growth in the number of clients funded in Q1 2018 compared to Q1 2017, with nearly $23M in total funding facilities... Read Story

April 23, 2018, 07:30 AM

Additional Business Development Companies (BDCs) are likely to seek board and/or shareholder approval to increase leverage to 2.0x from 1.0x following recent changes from the Small Business Credit Availability Act, which was signed into law on March... Read Story

April 16, 2018, 07:08 AM

The financial institution that recently agented a $193 million debtor-in-possession financing for bankrupt gunmaker Remington says that going forward it will no longer provide capital to companies that produce civilain-style assault rifles, like the... Read Story

April 13, 2018, 07:30 AM

Gordon Brothers, the global advisory, restructuring and investment firm, announced that it has expanded its presence in Australia with the opening of a Melbourne office. The firm entered the Australian market in the spring of 2017 in Sydney. Gordon... Read Story

April 11, 2018, 07:19 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $136.0 million in new middle-market investment commitments during the three months ended March 31, 2018. Approximately 79% of the new middle-market investment... Read Story

April 11, 2018, 07:19 AM

Mitsubishi UFJ Financial Group, Inc. (MUFG) announced that its core commercial banking subsidiary, The Bank of Tokyo-Mitsubishi UFJ, Ltd., has changed its name to MUFG Bank, Ltd., as of April 1, 2018. The name MUFG Bank aligns with MUFG Group brand... Read Story

April 02, 2018, 07:27 AM

SierraConstellation Partners, LLC (SCP), an interim management and advisory firm to middle-market companies in transition, has been honored by The M&A Advisor, the world’s premier leadership organization for mergers & acquisitions, restructuring and... Read Story

March 23, 2018, 07:00 AM

Hilco Global Mexico, a division of Northbrook, Illinois based Hilco Global, has announced the acquisition of a large portfolio of non-performing collateralized loans from one of the most important banks in Mexico.  Terms of the deal and acquisition... Read Story

March 13, 2018, 07:40 AM

Momentive Performance Materials Inc., a wholly owned subsidiary of MPM Holdings Inc., Momentive Performance Materials Holdings Inc., the parent of the Company, and certain subsidiaries of the Company entered into an amendment agreement with certain... Read Story

March 05, 2018, 07:00 AM

Monroe Capital LLC was selected again as the recipient of the 2017 Lower Mid-Market Lender of the Year Award in the Americas region by Private Debt Investor, a global independent publication based in London covering the private debt and private... Read Story

March 01, 2018, 08:01 AM

Tree Line Capital Partners, LLC,  announced the expansion of its lower middle-market direct lending platform with $267 million of new capital. The capital, from new debt and equity commitments received in 2017, was invested across the Tree Line... Read Story

February 15, 2018, 07:14 AM

Robert Katz, a managing director in EisnerAmper’s Bankruptcy and Restructuring Group, was named “Distressed M&A Dealmaker of the Year” by The M&A Advisor. The awards will be presented during the 12th Annual Turnaround Awards Gala at the 2018 M&A... Read Story

February 14, 2018, 08:01 AM

Just one year after its initial launch, Capital One announced that its unitranche loan program, ULTra, closed more than $1 billion in commitments to borrowers in the healthcare industry in 2017.  The program, with HPS Investment Partners as its... Read Story

February 02, 2018, 07:30 AM

Redpoint Capital Group, LLC, an alternative credit manager focused on private lending across multiple asset classes, announced that the firm will rebrand itself and operate as Park Cities Asset Management, LLC, effective immediately. Park Cities will... Read Story

February 02, 2018, 07:30 AM

1st Source Corporation, parent company of 1st Source Bank, announced important investments in its people as a result of record performance in 2017 and new tax legislation opportunities.  These new investments include the following: The issuance of... Read Story

January 30, 2018, 07:08 AM

Sentinel Capital Partners, a private equity firm that invests in promising lower middle market companies, announced the simultaneous first and final closings of Sentinel Capital Partners VI, L.P. at $2.15 billion and Sentinel Junior Capital I, L.P.... Read Story

January 26, 2018, 07:10 AM

Prospect Capital Corporation announced that Prospect has purchased $25 million of first lien senior secured floating rate notes issued to support the recapitalization of Luminex Home Décor & Fragrance Company, LLC ("Luminex"). Luminex is a portfolio... Read Story

January 26, 2018, 07:05 AM

Tennenbaum Capital Partners, LLC, an alternative investment management firm, announced the closing of TCP Direct Lending Fund VIII and its affiliated vehicles with more than $1.9 billion of investor equity commitments.DLF VIII is a continuation of... Read Story

January 24, 2018, 07:10 AM

Axial, a trusted deal network for the middle market, announced its members have closed more than $25 billion in deals on 2,000-plus M&A and growth capital transactions since Axial’s launch in 2010. To facilitate these closed transactions, Axial... Read Story

January 19, 2018, 07:00 AM

Mercom Capital Group, llc, a clean energy research and communications firm, has released its 2017 Q4 and annual report on funding and merger and acquisition (M&A) activity for the solar sector.Total global corporate funding into the solar sector... Read Story

January 16, 2018, 07:00 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $142.2 million in new middle-market investment commitments during the three months ended December 31, 2017. Approximately 72% of the new middle-market investment... Read Story

January 12, 2018, 07:30 AM

Hitachi Business Finance, a source of opportunity for entrepreneurs seeking solutions beyond traditional lending, is celebrating its most successful year yet, having provided $139 million in working capital financing to companies of all sizes across... Read Story

January 11, 2018, 07:30 AM

A survey of current trends in U.S. middle market lending revealed substantial and growing concern about the higher amounts of debt leverage carried by middle market companies heading into 2018, and found that less restrictive loan documents are a... Read Story

January 10, 2018, 07:27 AM

Far West Capital, a privately funded commercial finance company headquartered in Austin, announced a new high: $5.3 billion in financing to high-growth entrepreneurs since its inception in 2007; over $900 million was provided in 2017 alone. With more... Read Story

January 09, 2018, 07:19 AM

According to a new report from Preqin, 2017 was a record year for private debt fundraising, as a combined $107 billion was raised by 136 vehicles. North America saw the most activity, with 75 funds focused on the region raising a total of $67 billion... Read Story

January 05, 2018, 07:30 AM

Macquarie Infrastructure Corporation announced the successful refinancing and upsizing of its holding company level senior secured revolving credit facility to $600 million with J.P. Morgan Chase Bank, N.A., as administrative agent and the lenders... Read Story

January 05, 2018, 07:15 AM

U.S. syndicated loan issuance broke $2.5 trillion in 2017 for the first time, beating 2013’s $2.14 trillion record, Thomson Reuters LPC reports. The surge in new lending was driven by refinancing volume of $1.7 trillion. Refinancings made up 68% of U... Read Story

January 03, 2018, 08:00 AM

The staff of ABL Advisor would like to extend our best wishes for a happy holiday season and our sincere thanks for your loyalty and goodwill throughout the year! ABL Advisor's Daily eNews Blast will not be published the week of December 25th.We will... Read Story

December 22, 2017, 09:01 AM

Gibraltar Business Capital recently closed two new accounts receivable credit facilities to help private companies advance their productions during short-term transitional periods.  One was a $4.5 million credit facility for CDA Inc., a Charlotte, N... Read Story

December 20, 2017, 07:00 AM

GNC Holdings, Inc., a global specialty health, wellness and performance retailer, announced that it has decided not to proceed with its previously announced plans to issue, via its wholly-owned subsidiary, General Nutrition Centers, Inc., senior... Read Story

December 11, 2017, 07:00 AM

Stonebriar Commercial Finance announced the closing of SCFET 2017-2, a $374 million asset-backed securitization transaction. SCFET 2017-2 marks the third securitization transaction that Stonebriar has closed in the last 18 months, bringing total... Read Story

December 07, 2017, 07:00 AM

Lending to U.S. private equity-owned companies hit a record high in November, with the bulk of the surge in new capital attributed to increased refinancing and repricing activity, according to Thomson Reuters LPC data. Refi and repricing deals... Read Story

December 05, 2017, 08:00 AM

The New York Institute of Credit (“NYIC” or the “Association”), educator to the financial community, is celebrating its 100th year in 2018. In the ever-changing financial landscape, NYIC has been the one constant for the credit industry over the last... Read Story

November 29, 2017, 07:30 AM

Sterling Bancorp, Inc. announced that it has completed its initial public offering of 15,000,000 shares of common stock at a price to the public of $12.00 per share and atotal offering size of $180,000,000. Sterling sold 7,692,308 shares and the... Read Story

November 22, 2017, 07:18 AM

North Avenue Capital (NAC), a specialized commercial lender, has announced the recent closing of over $11.5 million in USDA Rural Development Business & Industry loans to three rural businesses. Having secured this strategic debt financing, the... Read Story

November 21, 2017, 07:15 AM

The Healthcare division of Wells Fargo Corporate Banking has made significant investments to expand its practice since its formalization. Healthcare Corporate Banking has doubled its capital commitments to the for-profit health care industry and has... Read Story

November 17, 2017, 07:16 AM

1STWEST Background Due Diligence , a global provider of comprehensive background checks and enhanced due diligence, has announced its national certification as a WBE-Certified Women’s Business Enterprise by the Women’s Business Enterprise National... Read Story

November 09, 2017, 07:17 AM

Bibby Financial Services (BFS) announced that it funded 81 new clients in Q3 of 2017, providing $23.8M in commercial lending to small and medium-sized businesses (SMBs) in North America. BFS Canada brought on 24 new clients and BFS U.S. brought on 59... Read Story

November 01, 2017, 07:07 AM

Golub Capital BDC, Inc,, a business development company, announced that it originated $128.9 million in new middle-market investment commitments during the three months ended September 30, 2017. Approximately 85% of the new middle-market investment... Read Story

October 11, 2017, 07:17 AM

Bank of the West's Commercial Banking Group announced the opening of a new Commercial Banking Center in Dallas, Texas at Galleria One Tower, 13355 Noel Road, Suite 225, to address the growing global needs of middle-market businesses and the large... Read Story

October 03, 2017, 08:15 AM

With three-quarters of all new loans considered "covenant-lite," lenders are now eyeing deals that include too many additional protections with suspicion, according to a report from Bloomberg. The report notes that lenders are favoring lenient terms... Read Story

September 25, 2017, 07:42 AM

FS Investments, an alternative investment manager and the largest manager of business development companies (BDCs), announced that its BDC direct lending platform committed more than $1.1 billion in senior secured loans and other debt and equity... Read Story

September 18, 2017, 07:29 AM

TAB Bank announced it has provided a $1 million revolving credit facility for an active eyewear company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital... Read Story

August 23, 2017, 07:00 AM

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF), announced that it has surpassed $1 billion in commitments and also announced the promotions of Nick O’Brien, Mike Trojanowski and Bob Joyce... Read Story

August 11, 2017, 08:00 AM

Business Development Companies (BDCs) that rely on Collateralized Loan Obligations (CLO) as a part of their funding strategies are asking the federal government to reconcile conflicting legal guidelines that they argue place unrealistic, competing... Read Story

July 21, 2017, 08:18 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $241.9 million in new middle-market investment commitments during the three months ended June 30, 2017. Approximately 88% of the new middle-market investment... Read Story

July 10, 2017, 07:00 AM

Encina Business Credit announced that it has provided a $25 million asset-based revolving credit facility to a government services company that is based in the Mid-Atlantic region of the U.S. The credit facility consists of a revolver secured by... Read Story

June 26, 2017, 07:36 AM

JPMorgan Chase opened its inaugural commercial banking office in Nevada last week, appointing Executive Director Megan Ackaert to oversee lending to middle-market companies with annual revenues starting at $20 million, according to multiple press... Read Story

June 12, 2017, 07:30 AM

TCG BDC, Inc.announced that it plans to make an initial public offering of 9,000,000 shares of its common stock. TCG BDC is expected to list its common stock on the NASDAQ Global Select Market under the symbol “CGBD.” The underwriters are expected to... Read Story

June 12, 2017, 07:18 AM

Lenders are finding it less appealing to join together in unitranche funding deals as falling yields coupled with larger deal sizes have dampened returns, reports Reuters LPC. According to LPC, at least 12 joint ventures were formed between 2014 and... Read Story

June 05, 2017, 07:30 AM

Store closing sales have just begun at 14 select Bachrach locations under the approval of a U.S. Bankruptcy Court. Deep discounts are being offered at all closing locations starting May 1, 2017. Store fixtures, furniture and equipment will be... Read Story

May 24, 2017, 11:00 AM

Hitachi Business Finance has expanded its financing solutions to include syndicated lending and in the past quarter, provided $65 million to three U.S. companies. Hitachi Business Finance offers hold positions that range from $5-$25 million and... Read Story

May 19, 2017, 07:56 AM

Carl Marks Advisors, a corporate restructuring and investment banking firm to middle market companies, announced that Evan Tomaskovic, a Partner at Carl Marks Advisors and manager of the firm’s investment banking group, was named among Global M&A... Read Story

May 03, 2017, 07:12 AM

Lombard Global, Inc., a global corporate finance and management advisory firm, announced a key alliance with Glendale Capital Partners in to its flagship Corporate Finance practice. This strategic alliance will add depth and breadth to both firms by... Read Story

April 17, 2017, 07:14 AM

Gavin/Solmonese, the Wilmington-based restructuring and turnaround management consulting firm, recently received two industry awards from M&A Advisor at its 11th annual Turnaround Awards.Restructuring 2017 Deal of the Year and Energy Deal of the Year... Read Story

April 14, 2017, 07:10 AM

Super G Funding, LLC announces corporate name change to Super G Capital, LLC to reflect increased lending size, expanded deal team and push into the lower middle market. Super G Capital has transformed into the leading provider of second lien debt... Read Story

March 01, 2017, 07:10 AM

Monroe Capital LLC was selected as the recipient of the 2016 Lower Mid-Market Lender of the Year Award in the Americas region by Private Debt Investor, a global independent publication based in London covering the private debt and private equity... Read Story

March 01, 2017, 07:08 AM

Corporate borrowers are increasingly skirting traditional banks to secure debt financing and leveraged loans, which is creating a surge in demand for alternative lending services, according to a report from Reuters. Reporter Jonathan Schwarzberg... Read Story

February 13, 2017, 08:00 AM

Following years of sluggish economic recovery, business leaders believe 2017 stands to usher in a long-awaited acceleration in growth. According to "America's economic engine - Breaking the cycle," Deloitte's 2017 report on business and economic... Read Story

February 09, 2017, 08:05 AM

TCF Financial Corporation announced that William A. Cooper, the corporation’s executive chairman and former chief executive officer for nearly 30 years, died yesterday. He was 73 years old.“The entire TCF family is deeply saddened by the passing of... Read Story

February 09, 2017, 07:50 AM

KPMG was ranked as the leading mid-market provider of M&A services for both the number of announced and completed deals in 2016, according to Thomson Reuters’ Mid-Market M&A Review (deals up to USD $500M).“M&A remains crucial for companies seeking to... Read Story

January 30, 2017, 08:00 AM

SSG Capital Advisors, LLC acted as the investment banker to Polar Windows of Canada, Ltd., a portfolio company of The Riverside Company, in the sale of substantially all of its outstanding stock to a consortium of management, Henry & Wallace, LLC and... Read Story

January 27, 2017, 08:00 AM

Seeking to better align its international banking services with the customers they serve, Wells Fargo & Company announced that its International Group will be integrated into other Wholesale Banking business lines, enhancing how they serve middle... Read Story

January 20, 2017, 08:13 AM

PNC Riverarch Capital announced the sale of its portfolio company Goldco, LLC to Seven Hospitality LLC, a consortium of high-net-worth investors.  Terms of the transaction were not disclosed. Goldco is a leading operator of 46 Burger King... Read Story

January 20, 2017, 07:00 AM

Moody’s Corporation announced that it has reached an agreement with the U.S. Department of Justice (DOJ) and the attorneys general of 21 U.S. states and the District of Columbia to resolve pending and potential civil claims related to credit ratings... Read Story

January 16, 2017, 08:00 AM

ABL Advisor, the leading online publisher serving the asset-based lending and specialty finance segments of the commercial finance industry, today announces the appointments of Chris Moraff as Associate Editor and Tracy Miller as Marketing... Read Story

January 13, 2017, 07:55 AM

Prudential Capital Partners has completed fund raising for its fifth mezzanine fund, Prudential Capital Partners V, L.P., surpassing its target of $1.4 billion. Prudential Capital Partners is the middle-market mezzanine fund business sponsored by... Read Story

January 13, 2017, 07:17 AM

Middle market private companies in the Golub Capital Altman Index increased revenues by 5.33% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or "EBITDA") declined by 2.48% during the first two months of the... Read Story

January 12, 2017, 08:00 AM

Investment in VC-backed companies based in the United States ended the year on a weak note, as quarterly deals and dollars fell for the second-consecutive quarter, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and CB... Read Story

January 12, 2017, 07:29 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $113.6 million in new middle-market investment commitments during the three months ended December 31, 2016. Approximately 75% of the new middle-market investment... Read Story

January 11, 2017, 07:15 AM

Scargo Hill Capital, LLC, announced its formation to provide senior secured capital solutions in the lower middle-market across retail, consumer products and the broader supply chain. The firm boasts a partnership of retail industry, commercial... Read Story

January 10, 2017, 08:00 AM

Deloitte’s fourth quarter (4Q 2016) CFO Signals survey, which opened the day after the election on Nov. 9, 2016, reveals that all eyes are on the next U.S. administration, with 73 percent of surveyed chief financial officers expecting less... Read Story

January 06, 2017, 07:45 AM

Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lead Arranger for... Read Story

January 06, 2017, 07:00 AM

Ares Capital Corporation announced that it has increased its total borrowing capacity in conjunction with the closing of its previously announced acquisition of American Capital, Ltd. Ares Capital increased its total debt facility capacity from $2.2... Read Story

January 05, 2017, 10:00 AM

Avidbank Specialty Finance, a Division of Avidbank that specializes in technology and asset-based lending, has provided LightPath Technologies with new a $5 million acquisition term loan in addition to renewing an existing line of... Read Story

January 05, 2017, 08:15 AM

Ares Management, L.P. announced that it will begin earning fees on approximately $3 billion of incremental AUM as a result of the completion of Ares Capital Corporation’s acquisition of American Capital, Ltd., which closed on January 3, 2017. As a... Read Story

January 04, 2017, 06:56 AM

JND Legal Administration, a management and administration company delivering service lines in corporate restructuring, class action, mass tort, government services and eDiscovery, announced the rebranding and name change of UpShot Services LLC to JND... Read Story

December 28, 2016, 08:00 AM

Opus Bank (“Opus”) announced that it completed on December 23, 2016 the securitization of approximately $509 million of its multifamily loans through a Freddie Mac sponsored “Q-deal” securitization. One class of Freddie Mac guaranteed Structured Pass... Read Story

December 27, 2016, 08:01 AM

Several overarching themes will affect securitization markets around the world in 2017, Moody’s Investors Service says in its global structured finance outlook overview. Asset credit quality will continue to weaken in some sectors but will stabilize... Read Story

December 21, 2016, 07:28 AM

Monroe Capital LLC has been recognized by Global M&A Network as the Small Middle Markets Lender of the Year for the fourth consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City on December 6... Read Story

December 20, 2016, 07:12 AM

Crestmark Chairman and CEO Dave Tull announced that Vice Chairman Barry Essig is retiring in December 2016. In recognition of his outstanding contributions to Crestmark and to the financial services industry, over a long and impressive career... Read Story

December 20, 2016, 07:10 AM

Deloitte Corporate Finance LLC acted as the exclusive financial advisor to EPS Financial, LLC (EPS) in connection with Drake Enterprises, Ltd.’s (Drake) sale of substantially all the assets of EPS to Meta Financial Group, Inc. (Meta). The transaction... Read Story

December 19, 2016, 07:00 AM

According to a recent study by the National Center for the Middle Market (NCMM), more than half of U.S. middle market companies lack an up-to-date strategy to combat the cyber risks they face, with 30 percent having no action plan whatsoever. To help... Read Story

December 15, 2016, 07:28 AM

The credit quality of loans originated in the US by so-called marketplace lenders and backing new asset-backed securities (ABS) is unlikely to change meaningfully in 2017, Moody’s Investors Service says in its just-published outlook for the sector.... Read Story

December 08, 2016, 07:33 AM

Solace Capital Partners, a private equity firm focused on distressed-for-control and special situations investments in North America, announced the successful closing of its inaugural fund, Solace Capital Special Situations Fund, L.P. (the “Fund”) at... Read Story

December 06, 2016, 07:21 AM

Comptroller of the Currency Thomas J. Curry announced that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national... Read Story

December 05, 2016, 07:49 AM

CIT Group Inc. announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the... Read Story

December 05, 2016, 07:41 AM

FS Investments, a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed approximately $988 million in senior secured loans and other debt and equity financing to middle market... Read Story

December 02, 2016, 07:16 AM

Phoenix Capital Resources, a leading middle-market special situations investment bank, acted as the exclusive financial advisor and investment banker to Val-Fit Inc. ("Val-Fit" or the "Company") resulting in the sale of certain of the Company's... Read Story

December 01, 2016, 07:44 AM

Platte River Equity announced that it has invested in In-Place Machining Company, LLC (“IPM” or the “Company”) in partnership with the existing ownership of the Company. Founded in 1976 and headquartered in Milwaukee, Wisconsin, IPM is a... Read Story

November 29, 2016, 07:11 AM

Monroe Capital LLC was selected as the recipient of the 2016 Lender Firm of the Year Award by The M&A Advisor. Award winners were honored at the 15th Annual M&A Advisor Awards Gala held in New York City on November 9.Monroe Capital provides... Read Story

November 22, 2016, 07:43 AM

aVeriFact, LLC, a business specializing in Financial and Background Investigation due diligence, is proud to announce national certification as a Women's Business Enterprise and Women Owned Small Business by the Women's Business Enterprise South... Read Story

November 22, 2016, 07:30 AM

Pamlico Capital, a leading lower middle market private equity firm focused on growth oriented businesses, announced the first and final close of Pamlico Capital IV (“PC IV”) at the hard cap with total commitments of $910 million. PC IV raised its... Read Story

November 21, 2016, 07:55 AM

Hana Financial, Inc., one of the nation’s leading non-bank specialty commercial lenders, announced that its SBA lending unit, Hana Small Business Lending, Inc., has completed the securitization and sale of approximately $46.1 million of notes backed... Read Story

November 16, 2016, 07:13 AM

CIT Group Inc. announced that Michael Brosnan has been named to its Board of Directors effective November 10. Additionally, John Oros has stepped down from the Board due to the demands and requirements of his position with J.C. Flowers & Co.“We are... Read Story

November 15, 2016, 07:28 AM

Deloitte’s “2016-2017 Global CIO Survey” has uncovered a shift in business priorities from “business performance” to “customers,” with 57 percent of chief information officers choosing “customers” as their top priority, compared to only 45 percent... Read Story

November 15, 2016, 07:21 AM

ParkerGale Capital, LP announced the close of its debut buyout fund. Exceeding its original target of $200 million, the fund closed at $240 million, with contributions from a balanced mix of family offices, pensions, managed accounts, endowments and... Read Story

November 10, 2016, 07:40 AM

LM Funding America, Inc., a specialty finance company offering unique funding solutions to community associations, has initiated strategies to monetize $165 million of unsecured off-balance sheet assets. The company recently placed $5 million of... Read Story

November 10, 2016, 07:29 AM

The construction, consumer and retail, and healthcare industries were the most active in closing deals valued at $75 million or less in the third quarter of 2016, according to a new survey released by CMF Associates, private equity’s preferred... Read Story

November 08, 2016, 07:41 AM

Retailers could see record web traffic this year, according to Deloitte’s 31st annual holiday survey of consumer spending intentions and trends. Among the findings from the 2016 study:The Internet gallops ahead as the top shopping destination More... Read Story

October 31, 2016, 08:08 AM

Wells Fargo announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial Capital... Read Story

October 25, 2016, 08:22 AM

Neuberger Berman, a private, independent, employee-owned investment manager, announced NB Private Debt Fund II LP (the "Fund") closed on $750 million of limited partner commitments. The Fund seeks to invest in the junior debt of private equity-backed... Read Story

October 21, 2016, 07:41 AM

SSG Capital Advisors, LLC acted as the investment banker to Essex Crane Rental Corp. ("ECRC" or the "Company") in the sale of its core assets to Maxim Crane Works, L.P. ("Maxim"), a portfolio company of Apollo Global Management ("Apollo"). The sale... Read Story

October 21, 2016, 07:24 AM

Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced the closing of Atlantic Street Capital III, LP ("Fund III") with $210 million of committed capital,  surpassing its... Read Story

October 19, 2016, 07:50 AM

Audax Group, a leading alternative asset management firm specializing in investments in North American middle market companies, announced the successful final close of Audax Senior Loan Fund III (“SLF III” or “the Fund”) at its hard cap of $500... Read Story

October 18, 2016, 07:03 AM

Venture capital (VC) investment and deal volume continued to be weak in Q3’16, according to Venture Pulse, the quarterly global report on VC trends published jointly by KPMG International and CB Insights. If the pace of deals continues at the same... Read Story

October 14, 2016, 07:43 AM

Monroe Capital LLC announced the final close of Monroe Capital Private Credit Fund II LP (“Fund”) at $800 million of limited partner commitments, eclipsing the Fund target of $600 million. When combined with target fund leverage, the Fund will have... Read Story

October 13, 2016, 07:43 AM

Middle-market private companies in the Golub Capital Altman Index increased revenues by 4.62% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or "EBITDA") declined by 0.66% during the first two months of the... Read Story

October 10, 2016, 07:35 AM

Alvarez & Marsal Taxand, LLC, an affiliate of leading global professional services firm Alvarez & Marsal, has completed the addition of San Jose-based Clifton Douglas LLP, whose team of tax professionals will join A&M Taxand, effective November 1... Read Story

October 07, 2016, 07:13 AM

A survey of private equity executives at ACG's M&A East Conference (September 27-28) by CMF Associates, a leading provider of financial, operational, and human capital solutions to private equity, middle-market, and small cap public companies, found... Read Story

October 06, 2016, 07:36 AM

NXT Capital, LLC announced the final closing on approximately $312 million in equity for NXT Capital Senior Loan Fund IV, L.P. When coupled with targeted leverage, Senior Loan Fund IV will have approximately $900 million in capital to invest.  The... Read Story

October 06, 2016, 07:17 AM

Gordon Brothers Group, the 113 year-old, global advisory, restructuring, and investment firm, announced today that all of its operating units will now be positioned under one name: Gordon Brothers. With services in valuations, dispositions... Read Story

October 05, 2016, 07:37 AM

Medallion Financial Corp. announced that Medallion Bank, the company’s unconsolidated wholly-owned portfolio company, and Medallion Business Credit, a division of the company, closed on a sale of over $40 million in performing loans to a large super... Read Story

October 05, 2016, 07:35 AM

Leading venture debt provider Trinity Capital Investment announced the recent launch of a third fund, Trinity Capital Investment Fund III, L.P. (Fund III), which is expected to provide an estimated $600 million of additional capital for deployment... Read Story

September 29, 2016, 07:06 AM

Duff & Phelps, a global valuation and corporate finance advisor, announced that Brent Bersin has been appointed Co-Chair of the Expert Witness Subcommittee of the ABA Commercial and Business Litigation Committee. Bersin is a Managing Director in the... Read Story

September 26, 2016, 07:42 AM

NewStar Financial, an internally-managed commercial finance company and asset manager, announced its liquid credit platform, NewStar Capital LLC (“NewStar Capital”), completed a $410 million broadly syndicated loan securitization known as Arch Street... Read Story

September 22, 2016, 07:09 AM

The run-up in business development company (BDC) equity prices in recent months should lead to further opportunistic equity issuance by some BDCs, says Fitch Ratings. For those firms trading above net asset value (NAV) and able to access equity... Read Story

September 21, 2016, 07:27 AM

Breakaway Capital Partners, a Los Angeles-based direct lending firm, announced the close of Breakaway Capital Partners Fund II, L.P. ("Fund II"), with total commitments at the hard cap of $100 million, all from family offices and individuals. The... Read Story

September 21, 2016, 07:19 AM

Stenn International Ltd. ("Stenn"), a UK-based trade finance provider, announced that it has launched a $300 million financing platform to expand its capacity to help suppliers across the globe access and service buyers of their products in developed... Read Story

September 20, 2016, 07:46 AM

Reuters Loan Pricing Corporation reports business development companies (BDCs), which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialized closed end investment funds for consolidation... Read Story

September 19, 2016, 08:05 AM

Opus Bank announced that Opus Equity Partners Opportunity Fund I, L.P. (“SBIC Fund”) has received final committee approval for a license from the United States Small Business Administration (the "SBA") to operate as a Small Business Investment... Read Story

September 19, 2016, 07:43 AM

Align Capital Partners, LP announced the first and final close of its inaugural private equity investment fund, Align Capital Partners Fund I, LP and Align Capital Partners Fund I-A, LP (collectively, “ACP I”). Align began fundraising in June 2016... Read Story

September 19, 2016, 07:36 AM

The most important international markets and opportunities for U.S. middle market companies lie within the Americas, according to a new report from the National Center for the Middle Market (NCMM). This finding, detailed in the NCMM's "Winning in the... Read Story

September 16, 2016, 08:16 AM

SaaS Funding, a leading provider of senior and junior debt capital to Software-as-a-Service (SaaS), digital media and tech enabled service companies, announced that it has opened an office in the heart of Santa Monica, hired a team of SaaS... Read Story

September 14, 2016, 07:34 AM

A Reuters article notes higher company valuations and lenders wary of risky investments are pushing private equity firms to increase the size of equity contributions, or checks, for leveraged buyouts near historic highs in the face of fierce... Read Story

August 29, 2016, 08:02 AM

Capitala Finance Corp. announced four investment exits totaling $57.2 million. The investment exits include: On August 2, 2016, the Company exited its $18.4 million subordinated debt investment in Merlin International, Inc. at par. On August 5... Read Story

August 26, 2016, 07:45 AM

Great American Group (GA) was appointed by Woolworths Limited to manage the closure of its Masters Home Improvement Stores in Australia. Great American Group's Australian subsidiary, GA Australia, will manage the going-out-of-business sales for all... Read Story

August 26, 2016, 07:17 AM

The Securities and Exchange Commission announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to... Read Story

August 25, 2016, 07:43 AM

SSG Advisors, LLC ("SSG") acted as the investment banker to Benchmark Brands, Inc. ("Benchmark" or the "Company") in the sale of substantially all of its assets to The Walking Company, Inc. ("TWC"). The sale was effectuated through Article 9 of the... Read Story

August 23, 2016, 07:27 AM

Amid a tougher climate for marketplace lenders and a drop in mega-round activity, investment in VC-backed fintech companies fell 24 percent in the U.S and nearly 50 percent globally during Q2 ‘16, according to the Pulse of Fintech, the quarterly... Read Story

August 22, 2016, 07:26 AM

Reich Brothers, LLC announced that its wholly owned affiliate 476 Bridge Street LLC was the successful bidder for the assets of Columbus Castings in Columbus, OH. The purchase price including cash and other consideration is in excess of $30... Read Story

August 19, 2016, 07:29 AM

U.S. Financial Bond issuance declined for all sectors except insurance in the first half of 2016, according to a new Fitch Ratings report. The first half of 2016 closed with net new issuance at $56 billion, annualizing to a 7% growth rate and 16%... Read Story

August 18, 2016, 07:14 AM

Square and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to... Read Story

August 11, 2016, 07:51 AM

Ares Capital Corporation (ARCC) and Varagon Capital Partners announced the Senior Direct Lending Program has officially launched. First announced in 2015, SDLP was formed to provide complete financing solutions to middle market companies and sponsors... Read Story

August 04, 2016, 07:41 AM

U.S. middle market companies recorded 7.2 percent average revenue growth in the second quarter of 2016, building upon already strong growth figures from Q1, according to the National Center for the Middle Market (NCMM). Combined with solid jobs gains... Read Story

July 28, 2016, 07:41 AM

Tiger Capital Group, LLC announced an agreement to provide special project financing for a high-volume program focused on refurbishing and reselling all of the display and returned televisions of one of the nation’s largest brick and mortar retailers... Read Story

July 27, 2016, 07:39 AM

Bloomberg reports EverBank Financial Corp., the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor. This is according to people familiar with the matter.Bloomberg says the... Read Story

July 26, 2016, 07:50 AM

Crestmark is introducing Fast Track Financing to the marketplace, simplifying the application process, reducing paperwork, and providing 24-hour approval to qualified businesses. Now in its 20th year, Crestmark provides timely, customized financing... Read Story

July 26, 2016, 07:39 AM

Malfitano Partners, a unique legal and advisory group based in New York City, announced it has established a Board & Fiduciary Services platform under one of its operating units, Malfitano Advisors, LLC. The launch comes just after the six-month... Read Story

July 26, 2016, 07:15 AM

Though CEOs in KPMG’s 2016 U.S. CEO Study view innovation as a strategic priority, only 25 percent say innovation is embedded into everything they do.Furthermore, 36 percent say their organization’s approach to innovation is either ad hoc, reactive... Read Story

July 22, 2016, 07:42 AM

Monroe Capital LLC announced the closing of a $305 million term debt securitization known as Monroe Capital MML CLO 2016-1, Ltd. The term financing was Monroe’s third CLO completed in the last two years, is secured by middle-market senior secured... Read Story

July 06, 2016, 08:01 AM

Lending to U.S. mid-sized companies is poised to increase in the second half of 2016 as lenders report a growing pipeline of M&A deals and expectations for a push ahead of the U.S. election, market participants told Thomson Reuters LPC.After two... Read Story

July 06, 2016, 07:53 AM

GE announced that it has received approval of its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s designation as a nonbank Systemically Important Financial Institution (SIFI).The FSOC’s decision reflects the... Read Story

June 30, 2016, 07:37 AM

Metropolitan Equity Partners (“Metropolitan”) announced it has invested $20 million in Bizfi, a premier fintech company that combines aggregation, funding and a marketplace for small businesses. This investment represents an increase from the $65... Read Story

June 29, 2016, 07:21 AM

Reuters exclusively reported that alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since... Read Story

June 27, 2016, 07:53 AM

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and... Read Story

June 22, 2016, 08:03 AM

InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third... Read Story

June 22, 2016, 07:36 AM

In a company press release, Gibraltar Capital Holdings announced that Gibraltar Business Capital (GBC), the company's asset-based lending company, can now lead facilities of up to $10 million.  Its small business capital company, Gibraltar Capital... Read Story

June 17, 2016, 07:56 AM

North Mill Equipment Finance LLC announced the closing of its second securitization transaction, NMEF Funding 2016-A, which was completed on June 13, 2016.  NMEF Funding 2016-A issued two classes of equipment finance-backed notes totaling $111.15... Read Story

June 17, 2016, 07:49 AM

EverBank announced several new senior management appointments and strategic organizational changes for its Commercial Division, serving small and mid-size companies across the country.“Over the past several years, EverBank has acquired or started a... Read Story

June 16, 2016, 08:04 AM

CIT Group announced the launch of a mid-cap restaurant franchise finance practice to complement its successful large and small restaurant franchise financing businesses.“CIT franchise finance has long been recognized as a leading provider of... Read Story

June 16, 2016, 07:56 AM

Wells Fargo Capital Finance announced Christian Conroy, Director of Loan Originations for Wells Fargo Capital Finance, is one of the winners of The M&A Advisor’s 40 Under 40 Emerging Leaders Awards.The M&A Advisor, renowned globally for its... Read Story

June 14, 2016, 07:50 AM

Crestline Investors, Inc., a credit focused institutional alternative asset manager, today announced an additional closing of its Crestline Opportunity Fund III strategy, bringing capital in the strategy to $720 million. The strategy invests... Read Story

June 13, 2016, 11:39 AM

Bank of America Merrill Lynch announced the launch of a new electronic platform, Instinct® Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm’s ongoing commitment to providing liquidity to clients... Read Story

June 09, 2016, 07:39 AM

OnDeck announced that Daniel S. Henson was elected to its Board of Directors effective June 2, 2016. Henson brings nearly 30 years of experience from General Electric Company (GE), where he held a variety of senior positions at GE and General... Read Story

June 07, 2016, 07:37 AM

Deloitte acted as the exclusive financial advisor to Original Additions TopCo Limited (Original Additions), a London-based beauty company and portfolio company of Lloyds Development Capital (LDC), in its sale to PDC Brands (PDC), a portfolio company... Read Story

June 03, 2016, 07:25 AM

SquareTwo Financial Corporation, a leader in the distressed asset purchasing market in the United States and Canada, announced the early settlement of its previously announced exchange offer and the implementation of its comprehensive... Read Story

May 26, 2016, 07:22 AM

First-quarter business development company (BDC) earnings reports showed some improvement in portfolio valuations but also underscored the broader challenges facing the sector, says Fitch Ratings. Capital constraints, low market volumes and risks of... Read Story

May 23, 2016, 08:01 AM

Institutional demand for private credit is propelling capital formation in the U.S. middle market, as a flurry of newly created direct lending platforms enter the mix and existing alternative debt capital providers continue to raise money and add... Read Story

May 20, 2016, 08:01 AM

Gordon Brothers Group, a global advisory, restructuring and investment firm announced today that it has acquired Blast–Off Brands, the Los Angeles-based licensing and branding company. Blast-Off Brands co-founder, Ramez Toubassy, will join Gordon... Read Story

May 18, 2016, 08:05 AM

The current state of the capital markets is unclear, with pockets of liquidity and uncertainty with regards to what deals can get done. Nonetheless, the Federal Reserve’s interest rate increase has not had a dramatic effect, and demand for... Read Story

May 13, 2016, 07:28 AM

The U.S. Treasury Department issued a white paper regarding its review of the online marketplace lending industry. The white paper titled, “Opportunities and Challenges in Online Marketplace Lending,” provides an overview of what the Treasury... Read Story

May 11, 2016, 07:53 AM

Tiger Group, the international asset-valuation, advisory, capital solutions and disposition services firm, has established a new base of operations in the Southeast, the company announced.New York-based Tiger established its Southeast operations... Read Story

May 11, 2016, 07:32 AM

Czech Asset Management, L.P. ("Czech") announced the final close of its third direct lending fund complex ("SJC III") with total commitments in excess of $1.7 billion, exceeding its $1.5 billion target. All of the capital raised in SJC III came from... Read Story

May 10, 2016, 07:21 AM

Oxer Capital, Inc. has launched Oxer BCP Mezzanine Fund, L.P., a Small Business Investment Company (SBIC) licensed by the U.S. Small Business Administration (SBA) and created to fill the capital needs of lower middle-market private... Read Story

May 09, 2016, 07:38 AM

1ST WEST Background Due Diligence announced the expansion of its risk intelligence platform.  Building on 1ST WEST’S strong foundation and brand allegiance in the corporate finance industry, core competencies now include: 1ST WEST Corporate Finance™;... Read Story

May 05, 2016, 07:50 AM

Monroe Capital completed the successful optional redemption of 100% of the Notes for MC Funding 2006-1, a middle market CLO that closed on December 21, 2006.  The $409.5 million-middle market CLO, managed by Monroe Capital Management LLC, generated a... Read Story

May 05, 2016, 07:37 AM

Monroe Capital Corporation announced that its wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP (“MCC SBIC”), has received approval for $75.0 million in additional debentures from the United States Small Business Administration (“SBA”).... Read Story

May 04, 2016, 07:44 AM

99 Cents Only Stores LLC's (99 Cents Only) near-term liquidity should remain adequate in fiscal 2017 (January) given significantly reduced inventory, further lowering of capex and Fitch Ratings' expectation that the company's gross margin will expand... Read Story

May 02, 2016, 07:57 AM

Despite the varied strategies and risk appetites of business development companies (BDCs), one consistent trend across the sector is increasing leverage, according to a new report from Fitch Ratings on the 18 largest BDCs. Against the current market... Read Story

April 26, 2016, 08:14 AM

The substantial increase over the past six years of first-lien debt with little or no subordinated debt to absorb losses will lower recovery rates for senior leveraged loan investors in the next downturn, said Moody's Investors Service.The prevalence... Read Story

April 21, 2016, 07:52 AM

Therium Group Holdings Limited, a leading provider of litigation financing with over $300 million in committed capital, announced that it is launching operations in the United States with the creation of Therium Inc., a U.S. subsidiary headquartered... Read Story

April 20, 2016, 07:22 AM

Investment into venture capital (VC)-backed companies in the United States has slowed in back-to-back quarters, according to Venture Pulse, the quarterly global report on VC trends published jointly by KPMG International and CB Insights.The U.S. saw... Read Story

April 18, 2016, 07:35 AM

EverBank announced the consolidation of its Capital Equipment Finance and Business Credit units into a single organization serving commercial clients nationwide.  The combined business will be called EverBank Business Finance, with offices in New... Read Story

April 13, 2016, 07:56 AM

Hercules Capital, Inc., a specialty financing provider to innovative venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, provided its portfolio update for Q1 2016.“I am delighted to see our organization’s... Read Story

April 11, 2016, 07:23 AM

Middle-market private companies in the Golub Capital Altman Index increased revenues by 9.08% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or "EBITDA") by 5.05% year-over-year during the first two months of... Read Story

April 08, 2016, 08:01 AM

Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, announced the final closing of its third private equity fund, Aquiline Financial Services Fund III L.P., with over $1.1 billion in total capital... Read Story

April 07, 2016, 07:41 AM

GE announced on April 1, 2016 that it has completed the previously announced sale of its commercial lending and leasing business in Japan, including Capital Finance, Fleet Services and Vendor Finance, to Sumitomo Mitsui Finance and Leasing Company... Read Story

April 04, 2016, 07:49 AM

GE continues to quickly and successfully execute the transformation of GE Capital into a smaller, more focused financial services firm. Today, GE filed its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s... Read Story

March 31, 2016, 08:09 AM

In an attempt to gauge funding needs and challenges for mid- to large-sized businesses, Bibby Financial Services revealed the who, what and why of commercial finance needs for today’s financial decision makers and their outlook for 2016. This survey... Read Story

March 31, 2016, 08:01 AM

GE and State Street Corporation announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up to $485 million, subject to adjustments. This announcement follows GE’s previous announcement in... Read Story

March 31, 2016, 07:29 AM

GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The sale includes approximately $1.4 billion in ending net investment (ENI)... Read Story

March 30, 2016, 07:52 AM