Commercial Chapter 11 filings increased 105 percent in May 2023 to 680 versus the 332 filings in May 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Nearly half of the Chapter 11 filings were...
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According a Wall Street Journal report, U.S. regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average.The Wall Street Journal reported regulators are on track to propose the changes as...
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Amerisource Business Capital closed and funded a $3,000,000 senior credit facility for a Texas-based information technology services provider serving the construction industry. The proceeds were used to support the company’s ongoing growth and...
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Dwight Funding continued the expansion of its client roster, including the addition of three high-profile, private-equity backed consumer brands. The recent transactions represent the varying product categories, company sizes, and capital needs...
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ProPetro Holding expanded and extended its existing asset-based loan facility to a new five-year term and an expansion of commitments from $150 million to $225 million. The Amended ABL will extend the maturity from 2027 to 2028 and, through updated...
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River City Bank announced Anker Christensen, Executive Vice President and Chief Financial Officer of the bank, will step down effective July 3. Brian Killeen, currently the bank's Senior Vice President and Controller, has been appointed Interim Chief...
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SQN Banking Systems reported that long-term President Joe Uhland has announced his retirement effective June 30, 2023.Chief Technology Officer Stan Jaslar will replace Uhland as SQN president and CEO.Uhland has led SQN Banking Systems since 1996, and...
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Hannon Armstrong Sustainable Infrastructure Capital (HASI), a leading investor in climate solutions, amended its revolving credit facility effective immediately, increasing the committed line under the revolving credit facility by $240 million to...
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Heritage Global, an asset services company specializing in financial and industrial asset transactions, announced an upsized $17 million credit facility with C3bank which includes the renewal of its existing $10 million line of credit as well as a...
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Pineapple Energy, a leading provider of solar power, battery storage systems, and smart energy control to households and small businesses, closed a $7.5 million debt deal with Decathlon Capital Partners.The transaction, which carries a 48-month term...
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