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Business brokers expect a healthy M&A market in 2020 with 55% of advisors predicting the volume of deals (under $50 million) will increase in the next 12 months according to the Q4 2019 Market Pulse Report published by the International Business... Read Story

February 14, 2020 @ 09:10 AM

Encina Business Credit, LLC (EBC) announced the completion of a $50.0 million revolving credit facility for The McClatchy Company (McClatchy). The facility was used to refinance McClatchy’s pre-petition, asset-based revolver and support their working... Read Story

Filed Under: Media
February 14, 2020 @ 09:05 AM

MONTICELLOAM, LLC and its affiliates (Monticello), a specialized private real estate and asset-based lender, asset manager and servicer, announced it has provided $38 million in first lien debt financing for the acquisition of one mixed-use rental... Read Story

February 14, 2020 @ 09:00 AM

Ares Management Corporation offered details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group closed approximately $3.3 billion in commitments across 54... Read Story

February 14, 2020 @ 08:55 AM

ABL Advisor's offices will be closed on Monday, February 17 in observance of Presidents’ Day, officially George Washington's Birthday. We will return with our Daily eNews Blast on Tuesday, February 18.We wish all of our readers a very safe and happy... Read Story

Filed Under: Company Announcements
February 14, 2020 @ 07:00 AM

Citizens Financial Group, Inc. today announced a definitive agreement to purchase the assets of Trinity Capital, a Los Angeles-based advisory firm that delivers a range of financial services to commercial clients. This transaction, which follows... Read Story

February 13, 2020 @ 09:15 AM

In another blow to the retail sector, Kohl's Department Store will lay off up to 250 employees as firm struggles to right itself under rising pressure from online retailers and begins a new sales strategy."This reorganization in our business will... Read Story

Filed Under: Retail
February 13, 2020 @ 09:11 AM

BMO Harris Bank announced today that it has hired Nima Michael Rassouli as a Director, Asset-Based Lending in Los Angeles, California. In this role, he will lead the coverage efforts and originating and closing Asset Based Facilities on the West... Read Story

February 13, 2020 @ 09:10 AM

Allied Motion Technologies Inc., a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it has obtained a new senior secured revolving credit facility of $225... Read Story

Filed Under: Manufacturing
February 13, 2020 @ 09:07 AM

Business Capital structured and delivered approximately $6MM in senior secured loans for NOVA IVF, a clinic established in 1987, providing in vitro fertilization (IVF) treatments with a consistent success rate well above average nationwide. With an... Read Story

Filed Under: Medical
February 13, 2020 @ 09:05 AM