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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... Read Story

Filed Under: Industry News
September 21, 2020 @ 09:15 AM

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... Read Story

Filed Under: New Venture
September 21, 2020 @ 09:10 AM

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... Read Story

September 21, 2020 @ 09:05 AM

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... Read Story

Filed Under: Healthcare
September 21, 2020 @ 08:55 AM

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.... Read Story

Filed Under: Media
September 21, 2020 @ 08:00 AM

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... Read Story

Filed Under: Company Announcements
September 18, 2020 @ 09:10 AM

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... Read Story

September 18, 2020 @ 09:05 AM

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... Read Story

September 18, 2020 @ 09:00 AM

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... Read Story

September 18, 2020 @ 08:55 AM

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... Read Story

Filed Under: Telecom
September 18, 2020 @ 08:00 AM