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Webster Bank announced that Jeffery Wacker has joined the bank’s Asset Based Lending division as Managing Director of Large Corporate Asset Based Lending (ABL) Originations. In his role, Wacker will have geographic coverage responsibility for the... Read Story

May 21, 2024 @ 08:00 AM

Mountain Ridge Capital ("MRC") closed a $15 million senior secured credit facility to a leading U.S. textile wholesaler. Mountain Ridge was able to provide greater availability and flexibility than the previous bank arrangement, which was meaningful... Read Story

Filed Under: Textiles
May 21, 2024 @ 07:55 AM

CohnReznick announced the expansion of its Value360 practice’s strategic lifecycle solutions with the establishment of a dedicated Merger Integration and Carve-out Services practice. Delivering on its commitment to drive value creation for financial... Read Story

May 21, 2024 @ 07:45 AM

MidCap Business Credit completed a $5 million asset-based credit facility for a manufacturer and distributor of cryogenic storage and transportation equipment located in the Southeast.  The opportunity was sourced and closed out of MidCap’s regional... Read Story

Filed Under: Specialty Industries
May 21, 2024 @ 07:45 AM

Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility and equity co-investment to support the acquisition of Cam Tran Co. Ltd. (“Cam Tran”), by Central Moloney, Inc. (“CMI”). CMI is an... Read Story

Filed Under: Manufacturing
May 21, 2024 @ 07:38 AM

First Horizon Corporation has been recognized in the 2023 Greenwich Excellence and Best Brand Awards, earning 19 recognitions in the U.S. Small Business Banking and Middle Market Banking categories. The winners of the prestigious 2023 Greenwich... Read Story

Filed Under: Banking News
May 21, 2024 @ 07:34 AM

Alvarez & Marsal announced the formation of its Alvarez & Marsal Legal Services (AMLS) business, which will provide management and consulting services to law firms worldwide. AMLS gives access to world-class technology and outsourcing services to... Read Story

Filed Under: Industry News
May 21, 2024 @ 07:25 AM

Peloton Interactive announced that it intends to launch a global refinancing, pursuant to which it will offer $275.0 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a $1.0 billion five-year... Read Story

Filed Under: Consumer Products
May 21, 2024 @ 07:15 AM

Red Lobster Management LLC, along with its direct and indirect operating subsidiaries, owner and operator of the Red Lobster® restaurant chain, announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the... Read Story

Filed Under: Bankruptcy
May 20, 2024 @ 08:00 AM

Encina Lender Finance closed a $50 million senior credit facility for a consumer point-of-sale lending platform with a network of more than 2,000 merchants nationwide.The borrower will use this facility to support its continued growth. Read Story

Filed Under: Lender Finance
May 20, 2024 @ 07:50 AM