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Callodine Commercial Finance Expands, Announces New Hires
Callodine Commercial Finance announced the hiring of Kathy Dimock and Michael Watson as key additions to the firm. Both bring years of experience in the asset-based lending space and complement the firm’s existing team and capabilities.Ms. Dimock will be responsible for sourcing, originating and...
Bank of Montreal Leads $450MM Credit Facility for Dorel Industries
Dorel Industries and several of its subsidiaries have entered into a new $450 million senior secured asset based revolving financing with institutional lenders led by Bank of Montreal as lead arranger, administrative agent and sole bookrunner. The new credit facility, which is guaranteed by certain...
Washington Prime Group Files Chapter 11, Secures $100MM DIP Financing
Washington Prime Group Inc. announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The Company enters Chapter 11 after executing a...
IFA Releases Annual State of the Industry Report
The International Factoring Association (IFA) released the 2021 IFA Business Profile and Performance Survey Industry Report. Now in its 15thyear, annual survey provides a snapshot of factors’ operations, client details, operating metrics, business development practices, human resources policies...
Using Technology to Identify Errors and Prevent Invoice Fraud in the Factoring and ABL Industries
Jeffrey Knopman
Factors and asset-based lenders must address the risks of invoice fraud and processing errors. Unfortunately, factors...
5/25/2021 Topic: Technology
There is an opportunity for technology-enabled ABL to have a strong 2021.
Bill Lawrence of Revitalization Partners discusses the importance of businesses...
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