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Week's News

Sears Canada Inc. and certain of its subsidiaries have been granted an order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA).Among other things, the Initial Order provides for a stay of proceedings in... Read Story

Filed Under: Bankruptcy
June 23, 2017 @ 08:00 AM

Global mining and metals companies’ focus on debt reduction is in danger of going too far and compromising long-term growth. According to a new EY report on debt and working capital in the mining sector, debt has fallen by almost 25% in the sector... Read Story

Filed Under: Metals and Mining
June 23, 2017 @ 07:55 AM

The Singing Machine Company, Inc., a provider of consumer karaoke products, announced it has renewed its agreement for senior security financing with PNC Bank. Under the renewal to its credit agreement, PNC will provide the Company with up to $15... Read Story

Filed Under: Consumer Products
June 23, 2017 @ 07:46 AM

Baceline Investments, LLC, a private real estate investment and management company with neighborhood shopping center holdings throughout the Central United States, has announced the completion of a recapitalization effort for select, stabilized... Read Story

Filed Under: Retail
June 23, 2017 @ 07:45 AM

Schweiger Dermatology Group announced that it has secured a $20 million debt facility from Triangle Capital Corporation to help fund and support its growth. Under the terms of this facility, the total funding may be increased to $30 million in the... Read Story

Filed Under: Medical
June 23, 2017 @ 07:15 AM

Newtek Business Services Corp., an internally managed business development company, announced that Newtek Merchant Solutions, Premier Payments LLC, Small Business Lending, LLC, banc-serv Partners, LLC and Newtek Technology Solutions, each a... Read Story

Filed Under: Lender Finance
June 23, 2017 @ 07:00 AM

As the industry continues to struggle, the number of retailers filing for bankruptcy keeps growing, and 2017 could end up with the highest number of retail bankruptcies ever. That's the assessment of a new report from BankruptcyData.com that compiles... Read Story

Filed Under: Bankruptcy
June 22, 2017 @ 07:30 AM

Bank of America Business Capital has provided $84 million in credit facilities to Scrap Metal Services, LLC (SMS). Facilities include a $60 million asset based revolving credit facility, a $24.4 million term loan and a $4 million capital expenditure... Read Story

Filed Under: Recycling
June 22, 2017 @ 07:12 AM

Rick L. Barfield, a veteran of the asset-based lending field, has joined Tiger Group as Director of Business Development for the asset valuation, advisory and disposition services firm’s Midwest region. From his base in Chicago, Barfield will lead... Read Story

June 22, 2017 @ 07:11 AM

TRC Companies, Inc., a provider of engineering, environmental consulting and construction-management services, announced it has completed the previously announced merger with affiliates of New Mountain Partners IV, L.P., an investment fund managed by... Read Story

Filed Under: Engineering
June 22, 2017 @ 07:10 AM