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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... Read Story

June 14, 2021 @ 08:00 AM

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... Read Story

Filed Under: Consumer Products
June 14, 2021 @ 07:45 AM

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.... Read Story

Filed Under: Bankruptcy
June 14, 2021 @ 07:38 AM

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... Read Story

June 14, 2021 @ 07:21 AM

KKR announced the launch of AV AirFinance Limited, a global commercial aviation loan servicer established by a team of experienced industry professionals together with KKR. The new secured loan servicing platform combines stable, long-term capital... Read Story

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June 14, 2021 @ 07:12 AM

Crestmark provided more than $66.5 MM in commercial financing to 67 businesses in the second half of May. Crestmark Equipment Finance provided $11,977,955 in 13 new transactions; Crestmark Vendor Finance provided $3,492,993 in 37 new transactions;... Read Story

June 14, 2021 @ 07:07 AM

Mesirow announced that Lance Bell has joined Mesirow Investment Banking as Managing Director. Bell will focus primarily on serving clients within the healthcare services sector. Leveraging his industry experience, Lance's contributions will... Read Story

June 14, 2021 @ 07:00 AM

CIT Group is selling its aviation loan portfolio to KKR. This is related to a previously announced definitive agreement for a portfolio that has a committed loan balance of nearly $800 million across more than 50 loans for approximately 60 commercial... Read Story

Filed Under: Aviation
June 11, 2021 @ 08:09 AM

Creditors to be paid in full and existing shareholders to receive more than $1 billion of value.Hertz Global Holdings announced that the Bankruptcy Court confirmed the Company's Plan of Reorganization (the "Plan"). The Plan unimpairs all classes of... Read Story

Filed Under: Bankruptcy
June 11, 2021 @ 08:00 AM

SG Credit Partners provided $5MM in financing to Punchbowl®. The financing was used to acquire VidHug, Inc.—a best-in-class group video platform—and to make strategic investments in mobile apps for new parents. With the acquisition of VidHug, the... Read Story

Filed Under: Specialty Industries
June 11, 2021 @ 07:44 AM