Total commercial Chapter 11 filings in May increased 48 percent from the previous year, according to data provided by Epiq Systems, Inc. Commercial Chapter 11 filings totaled 722 in May 2020, elevated from the May 2019 total of 487, the American...
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The recent bankruptcy filings of Hertz and Advantage Rent A Car could further exacerbate the downward pressure on U.S. used vehicle prices for the remainder of the year and pressure lease residual values and recovery rates on defaulted auto loans...
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LQD Business Finance announced the LQD Power Up Program, an internal program devoted to creating new opportunities through internships and mentoring to underprivileged young adults in the Chicagoland area.George Souri, the company's CEO, made the...
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Gibraltar Business Capital is building its leadership team by promoting exemplary team members from within.Jeremy DeBoer has been promoted to Senior Vice President and Account Executive Team Leader. Stan Scott was promoted to a Senior Vice President...
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CIT Group Inc. announced that its Asset-Based Lending team served as administrative agent for a new $185 million senior secured, asset-based credit facility for Orscheln Farm and Home LLC, a leading retailer of farm supplies, home improvement...
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Acting Comptroller of the Currency Brian P. Brooks today expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system.
In letters to the National League of Cities, the U.S. Conference of Mayors, and...
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ABM, a leading provider of facility solutions, announced it has successfully completed an amendment to its senior, secured credit agreement. The Company is a party to a syndicated credit facility comprised of an $800 million revolving line of credit...
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Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., announced the completion of two separate deals – a $5 million revolving line of credit and a $1.5 million asset based loan facility...
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Metropolitan Partners Group Management, LLC ("Metropolitan"), a direct-lending fund manager that provides senior-secured, transitional capital to small and mid-sized businesses in the U.S., recently completed an investment in International Literary...
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Online trade finance scale-up Stenn has secured participation from Barclays Bank, Coface SA, and Crayhill Capital Management LP in its latest investment round. The funding is for its core trade financing programme, Stenn Assets Funding, now sized at...
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