Banks and independent lenders were enjoying a strong market for asset-based lending (ABL) with solid credit quality in the first quarter before the full impact of the COVID-19 pandemic was felt, according to data released today by the Secured Finance...
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June 12, 2020, 09:10 AM
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Pathlight Capital announced it is serving as the ABL Term Loan Agent on the recently funded $35 million last-out first lien ABL Term Loan facility to Pier 1 Imports, Inc., a specialty retailer of home décor and accessories.
The $35 million term loan...
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January 10, 2019, 07:08 AM
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Live Oak Bank has announced it is expanding its lending services by offering products for commercial real estate, asset-based financing, and further increasing the small business financing team.
Live Oak is now providing conventional loans for...
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November 29, 2018, 08:00 AM
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Chemical Bank announced Ben Pugliesi, James Cannella and Michael O’Malley as its three newest Business Development Managers of the Asset Based Lending team.
“We are very excited to bring not just one, but three highly experienced team members on...
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October 17, 2018, 07:51 AM
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The Bon-Ton Stores, Inc. announced that it has entered into forbearance agreements with its ABL Credit Agreement lenders and an ad hoc group of holders of approximately 75% in aggregate principal amount of the Company's 8.0% Second Lien Secured Notes...
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January 17, 2018, 07:44 AM
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