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Wingspire Capital announced that Allison Adornato has joined as Managing Director and National Head of Underwriting. Ms. Adornato will oversee the underwriting of Wingspire’s asset-based lending (“ABL”) products, which range from $20 million to $200... Read Story

December 02, 2020 @ 09:10 AM

Fifth Third Bank, National Association announced that Executive Vice President Kala Gibson has been named chief enterprise corporate responsibility officer & head of Business Banking. His role is expanding to include responsibility for Community and... Read Story

December 02, 2020 @ 09:05 AM

Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced that Tom Park has joined the firm as a Managing... Read Story

December 02, 2020 @ 08:55 AM

CIT Group Inc. announced that its Healthcare Finance group, part of the company's Commercial Finance division, has arranged a $75 million senior secured asset-based credit facility on behalf of One Call Corporation, a leading service provider to the... Read Story

Filed Under: Healthcare
December 02, 2020 @ 08:50 AM

The growing trend of mergers among rated business development companies (BDCs) has generally improved portfolio diversification, increased first-lien exposures, built asset coverage cushions through lower leverage and should broaden funding profiles... Read Story

December 02, 2020 @ 08:44 AM

Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $60 million senior secured term loan with RxSight, Inc. (“RxSight” or “the... Read Story

Filed Under: Healthcare
December 02, 2020 @ 08:00 AM

eCapital Corp. announced it has acquired UK-based specialty lender and factoring company Advantedge Commercial Finance. The acquisition will allow eCapital to continue building out its full suite of specialty lending solutions and geographically... Read Story

Filed Under: Industry News
December 01, 2020 @ 08:50 AM

In the nine months since COVID-19 was declared a pandemic, Gibraltar Business Capital has remained committed to providing access to flexible, reliable and fast capital — closing 12 transactions and $130.5 million in new commitments. Credit facilities... Read Story

Filed Under: Industry News
December 01, 2020 @ 08:45 AM

The November Credit Managers’ Index from NACM has come back down to earth slightly after hitting a 15-year high in October. The overall score of 57.9, down just half a point from October, is the second-highest reading in the last 12 months.“The... Read Story

Filed Under: Economy
December 01, 2020 @ 08:40 AM

The Federal Reserve Board announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31.By backstopping critical short-term funding markets, these facilities are... Read Story

Filed Under: Industry News
December 01, 2020 @ 08:36 AM