The TTM U.S. institutional term loan default rate is expected to finish higher for the ninth consecutive month, potentially reaching 4.6% from 4.3% at the end of August, according to a new Fitch Ratings report."September volume registers a modest $1...
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September 21, 2020 @ 09:15 AM
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FrontWell Capital Partners announced its launch as a private credit fund focused on providing transitionary senior debt financing to middle-market companies in the United States and Canada. FrontWell will begin operations immediately with committed...
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September 21, 2020 @ 09:10 AM
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Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced the appointment of Elisa DePalma, Senior Vice President, Head of Commercial Closing, Credit Risk Management.Working out of the bank’s Teaneck, NJ, location, DePalma oversees...
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September 21, 2020 @ 09:05 AM
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CIT Group Inc. announced that its Healthcare Finance group, part of the company's Commercial Finance division, provided a $20 million senior secured credit facility for Protech Home Medical Corp., a leader in the home medical equipment industry...
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September 21, 2020 @ 08:55 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $50 million senior secured credit facility to a news publishing company.The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory....
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September 21, 2020 @ 08:00 AM
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Cadence Bank announced the rebrand of AloStar Capital Finance, a division of the bank that provides asset-based lending (ABL) and specialty finance solutions, to Cadence Business Finance (CBF). Along with its new name, logo and website, the rebrand...
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September 18, 2020 @ 09:10 AM
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Leading lower-middle-market private equity firm Huron Capital announced today that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co., Inc. and Millennium Alliance Group, LLC.Both...
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September 18, 2020 @ 09:05 AM
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Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, has hired Christopher Freeze as Senior Managing Director and Head of Investor...
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September 18, 2020 @ 09:00 AM
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PNC Bank announced that long-time Regional President, Linda Bowden, plans to retire in mid-2021. Succeeding Bowden effective Jan. 4, 2021 will be Enrico Della Corna, who currently serves as regional executive for Commercial Banking in the Northeast...
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September 18, 2020 @ 08:55 AM
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T-Mobile USA, Inc., a wholly-owned subsidiary of T-Mobile US, Inc., increased the aggregate commitment under its revolving credit facility to $5.5 billion through an amendment to its Credit Agreement, dated as of April 1, 2020.According to a...
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September 18, 2020 @ 08:00 AM
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