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News Stories (1107 Results) - Industry News

AlixPartners, the global consulting firm, announced that Lisa Donahue, Joint Global Head of Turnaround & Restructuring Services (TRS), has received the Harvey R. Miller Outstanding Achievement Award for service to the restructuring industry. The... Read Story

December 02, 2020, 09:04 AM

In the spirit of Giving Tuesday, Gordon Brothers, the global advisory, restructuring and investment firm, has announced the firm’s shareholders completed $1 million in donations to charities supporting communities across the globe impacted by... Read Story

December 02, 2020, 08:00 AM

Blackstone Holdings Finance Co. L.L.C., and Blackstone Holdings AI L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P., as guarantors (collectively, the “Guarantors”), entered... Read Story

November 30, 2020, 09:10 AM

Corporate leaders now identify fear of further shutdowns from a new wave of COVID-19 infections as their top concern (54 percent), outpacing the implications of a global economic downturn (41 percent), according to the latest results of PwC’s Road to... Read Story

November 30, 2020, 09:05 AM

A review of a large sample of M&A and LBO transactions originated between 2015 and 2019 shows that overall, addbacks inflated marketing EBITDA by an average of over 28% and accounted for 54% of reported last-12-months EBITDA at deal inception. The... Read Story

November 25, 2020, 09:10 AM

ABL Advisor's offices will be closed on Thursday, November 26 and Friday, November 27 in observance of Thanksgiving. We will return with our Daily eNews Blast on Monday, November 30, 2020.We wish all of our readers a very safe and happy Thanksgiving... Read Story

November 25, 2020, 05:00 AM

U.S. institutional term loan defaults are on pace for the lowest monthly total since this summer, according to Fitch Ratings in a new report.After jumping to $6.3 billion of defaults in October, November stands at $0.2 billion thus far and could best... Read Story

November 23, 2020, 08:10 AM

Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced the purchase of the approximately 20-acre Potomac River Generating Station (PRGS) site in Alexandria, VA. In an agreement negotiated with Potomac Electric Power Company (Pepco)... Read Story

November 20, 2020, 08:00 AM

Crestmark secured a total of $6,050,000 in ABL financial solutions for five new clients in the first half of November. On Nov. 4, a $750,000 ledgered line of credit facility was provided to a healthcare services provider in Utah. The financing... Read Story

November 19, 2020, 08:00 AM

Buhler Industries Inc. (Buhler Industries) announced the closing of a $15M mortgage with CIBC and guaranteed in part by EDC.  The mortgage has a seven year amortization and is backed by property.  The mortgage has a two year term to coincide with the... Read Story

November 18, 2020, 09:04 AM

Pivotree Inc. ("Pivotree" or the "Company"), a leading global commerce and master data management ("MDM") services provider, today announced the early retirement of its $9.0 million term facilty ("Credit Facilty") with Beedie Investments Ltd.... Read Story

November 18, 2020, 09:03 AM

A&G Real Estate Partners formally announced the creation of a dedicated Financial Reporting & Property Analysis Group serving stakeholders across all sectors of real estate. Led by Senior Managing Director Douglas Bennett—formerly Vice President of... Read Story

November 13, 2020, 08:00 AM

The introduction of a central bank digital currency (CBDC) raises long-standing questions relating to the provision of public and private money, and the ability of the central bank to use CBDC as a means for transmitting monetary policy directly to... Read Story

November 11, 2020, 09:10 AM

CIT Group Inc. announced the start of its annual partnership with Feeding America and this year, will double its commitment in the fight against hunger and help donate Two Million Meals for people struggling with food insecurity across the... Read Story

November 11, 2020, 09:00 AM

Hedgeweek, one of the hedge fund industry’s leading publications, announced that EisnerAmper LLP was voted the “Best North American Accounting Firm” at its Hedgeweek USA Awards 2020, held virtually on October 29. The winners were voted upon by... Read Story

November 10, 2020, 08:00 AM

Franklin Capital, a leading finance company, dedicated to helping small to medium-sized businesses meet their cash flow needs, is pleased to announce our participation in the SFNet’s 76th Annual Convention, the largest gathering of secured finance... Read Story

November 09, 2020, 08:55 AM

Phoenix Management announced that Rodney Gayle, Managing Director of Phoenix Management Services, has been awarded the designation of Certified Turnaround Professional (CTP). As a financial leader, Rodney has more than 30 years of experience managing... Read Story

November 09, 2020, 08:00 AM

Hilco Global announced that it has donated an additional $50,000 to the All Stars Project in Chicago. The donation is part of an ongoing company program called Hilco Helps, Hilco Global’s philanthropic arm that supports its corporate and employee... Read Story

November 05, 2020, 08:00 AM

The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA... Read Story

November 05, 2020, 07:55 AM

B. Riley Advisory Services has announced the opening of an office in Mexico. B. Riley Advisory Services de Mexico. S. de R.L. (“B. Riley Advisory Services de Mexico”) will be led by Gaston Mauvezin, a seasoned executive with 20+ years of leadership... Read Story

November 05, 2020, 06:00 AM

Cassel Salpeter & Co., an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide, announced it acted as exclusive financial advisor to Westchester General Hospital in... Read Story

November 04, 2020, 09:10 AM

The Dixie Group announced the successful negotiation of a $75 million, five year, senior secured revolving credit facility with Fifth Third Bank providing for borrowing based on percentages of values of the company's accounts receivable and inventory... Read Story

November 03, 2020, 08:10 AM

Star Mountain Capital, LLC, a specialized investment manager focused on the goal of generating alpha for its clients from the complex, labor intensive and underserved U.S. lower middle-market (established small and medium-sized private businesses... Read Story

October 30, 2020, 08:00 AM

Market Alpha Advisors, a financial markets advisory firm that specializes in market structure and financial technology, today announced an agreement with RSM US LLP (RSM), the leading provider of audit, tax and consulting services focused on the... Read Story

October 30, 2020, 07:15 AM

Citizens Financial Group has appointed Donald Felix to drive the national expansion of its digital Consumer Banking capabilities.Felix will join Citizens in January as Head of National Banking, reporting to Eric Schuppenhauer, President of Consumer... Read Story

October 30, 2020, 07:00 AM

Cozen O’Connor was awarded the Philadelphia Bar Association’s inaugural Bar Champion Award at today's Fall Quarterly meeting. The award was created by association staff to honor law firms, law departments, legal service organizations, or law schools... Read Story

October 29, 2020, 08:00 AM

TAB Bank opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, Texas. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million.  Approximately 400... Read Story

October 27, 2020, 08:07 AM

itizens and EVERFI today announced the introduction of a digital education program aimed at helping empower high school juniors and seniors to make wise financial decisions early when planning for post-secondary education. The new program leverages a... Read Story

October 26, 2020, 09:00 AM

Crestmark secured a total of $30,557,358 in ABL financial solutions for 13 new clients; Crestmark Equipment Finance provided $2,309,779 in two new lease transactions; Crestmark Vendor Finance provided $8,572,042 in 117 new transactions; the... Read Story

October 22, 2020, 08:24 AM

A&G Real Estate Partners has completed bankruptcy court-approved sales of Stage Stores, Inc.’s Jacksonville, Texas distribution center and two other properties to two buyers. The Melville, N.Y.-based A&G has been serving as real estate advisor for... Read Story

October 22, 2020, 08:00 AM

On behalf of Banner Bank, President and Chief Executive Officer Mark J. Grescovich announced the creation of the Banner Bank Small Business Opportunity Fund to help address social and racial injustice by augmenting the economic viability of... Read Story

October 21, 2020, 09:03 AM

Apex Group Ltd. (“Apex”), a global financial services provider, announced that it has been appointed to provide fund administration to the USD 200 million “Financing Opportunities Fund” of SHUAA Capital psc (“SHUAA”), the leading asset management and... Read Story

October 21, 2020, 09:00 AM

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Fifth Third Bank has selected the nCino Bank Operating System as a foundational technology platform to help the... Read Story

October 20, 2020, 07:00 AM

Tiger Group is now accepting offers for bulk purchases of inventories from six facilities on the east and west coasts operated by American Medical Depot (AMD), a major distributor of medical equipment and supplies that is now winding down its... Read Story

October 16, 2020, 08:00 AM

Cascadia Capital (“Cascadia”) is tackling the Fourth Industrial Revolution head-on leveraging existing internal expertise to launch one of the nation’s first emerging growth investment banking practice groups dedicated to Robotics, Automation, and... Read Story

October 16, 2020, 07:26 AM

Sallyport Commercial Finance helps a service provider in the oil and gas sector meet critical time lines to meet payroll.  The business found itself short on funds as they tapped out their PPP funding and scrambled to cover payroll.  In less than a... Read Story

October 16, 2020, 07:00 AM

Haynes and Boone, LLP released its fall roundup of data offering detailed insights into the state of the energy industry.The data includes the firm’s latest “Borrowing Base Redeterminations Survey,” which captures September polling of executives at... Read Story

October 15, 2020, 08:00 AM

TradeCap Partners recently closed two PO Finance facilities totaling $18 million for two government contractors selling personal protective equipment (PPE). One contractor was a woman owned business with extensive experience in sourcing PPE. The... Read Story

October 14, 2020, 09:00 AM

HPD LendScape announced it has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital, particularly as they cope with the added pressures... Read Story

October 13, 2020, 07:00 AM

A new survey by Chase Bank finds that 35% of small business owners stated that the coronavirus pandemic would have forced their business to close without e-commerce; 44% of small business owners who sell products/services online have seen a boost in... Read Story

October 13, 2020, 07:00 AM

NFIB’s Research Center released the latest survey relating to COVID-19 and its impact on the small business economy. The majority of Paycheck Protection Program (PPP) borrowers have used all of their loans and are preparing to apply for... Read Story

October 12, 2020, 09:05 AM

EisnerAmper, one of the largest accounting, tax and business advisory firms in the U.S., announced that it has earned ClearlyRated’s “Best of Accounting” Award for excellence in client service for the fourth consecutive year.From ClearlyRated’s... Read Story

October 09, 2020, 08:00 AM

For the second year in a row, KeyBank joins Entrepreneur magazine's list of Top Franchise Suppliers, ranking the regional bank among some of the best in the nation to empower franchisees to launch, grow, expand or evolve their businesses. This year... Read Story

October 05, 2020, 09:05 AM

Citizens Bank today announced that it has awarded 100 grants of $15,000 each totaling $1.5 million to minority-owned small businesses across its service areas as part of its previously announced $10 million investment to help drive social equity and... Read Story

October 02, 2020, 08:00 AM

Cambridge Wilkinson has successfully arranged $35 million in debt financing for a private credit fund, when one of its lenders created a "Net Asset Value ("NAV") facility backed by the client's fund portfolio."Our fund client has deep experience... Read Story

October 01, 2020, 08:00 AM

AlixPartners, the global consulting firm, announced that Lisa Donahue, Global Joint Head of Turnaround & Restructuring Services, has been named to Crain’s annual list of Notable Women in Accounting and Consulting.The list recognizes women in the New... Read Story

September 30, 2020, 09:05 AM

Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has privately placed $90 million of senior unsecured notes maturing in 2025 and 2027. The notes mark Stonebriar’s second such issuance since 2019 and... Read Story

September 29, 2020, 09:05 AM

Alvarez & Marsal (A&M) has released its Compensation & Benefits “2020/2021 Oil and Gas Oilfield Services Compensation Report.” The A&M report analyzes executives’ and board of directors’ compensation arrangements at the largest U.S. oilfield services... Read Story

September 28, 2020, 08:43 AM

The Federal Reserve Board issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring... Read Story

September 23, 2020, 09:10 AM

GreenSpace Brands Inc. announced that it has entered into a new credit facility with Pivot Financial Inc. to replace its previous ABL facility. The structure and conditions of the new debt facility (the "New Facility") include a $3.5 million term... Read Story

September 23, 2020, 09:05 AM

BXS Community Fund LLC, a subsidiary of BancorpSouth Bank, has donated $65,800 to Sally Kate Winters Family Services—a nonprofit organization that provides emergency shelter and other programs in Mississippi.The donation will assist the organization... Read Story

September 22, 2020, 09:25 AM

Stellus Capital Investment Corporation  announced  that on September 18, 2020 it entered into an amendment and extension of its $230 million Senior Secured Revolving Credit Agreement (the "Facility"). The Company extended the commitment termination... Read Story

September 21, 2020, 09:05 AM

As part of its continued commitment to the environment, Webster Bank today announced it has made a contribution to the East Coast Greenway Alliance for the second year in a row.Webster's donation to the East Coast Greenway will be used to continue... Read Story

September 21, 2020, 08:00 AM

Since the start of the pandemic, 488 loans totaling over $13 billion, have been granted coronavirus debt relief through the end of August 2020; this represents approximately 2% of the Fitch-rated CMBS universe by loan count.Debt relief measures have... Read Story

September 18, 2020, 09:15 AM

Hilco Global announced the recipients of its Hilco Scholars Scholarship Program to Little Village residents Sebastian Chaidez and Carla Prado. The Hilco Scholars program, now in its second year, began accepting submissions for its 2020 award cycle in... Read Story

September 17, 2020, 09:05 AM

Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, today announced that it has facilitated a credit facility for a specialty finance company that buys distressed small business... Read Story

September 16, 2020, 08:00 AM

Bullhorn, the cloud computing company that helps staffing and recruiting organizations transform their businesses, announced that Stone Point Capital will become the lead investor to power the next phase of the company’s growth. Insight Partners and... Read Story

September 11, 2020, 09:10 AM

LBC Credit Partners provided a senior secured term loan facility to support the investment in iVision by CIVC Partners, in partnership with the existing management team.iVision, headquartered in Atlanta, Georgia, is a leading managed services and... Read Story

September 10, 2020, 09:05 AM

EisnerAmper’s 5th Annual Alternative Investment Summit will be held virtually on Thursday, September 24, 2020. This year’s theme: “2020: A Year of Change” will take a fresh look at where the alternative investment industry is headed.This has been a... Read Story

September 10, 2020, 09:00 AM

The NFIB Research Center released a Small Business Economic Trends Industry-specific survey highlighting the construction, manufacturing, retail and services industries. NFIB released a previous quarterly report in May 2020.“Small businesses are... Read Story

September 08, 2020, 08:00 AM

ABL Advisor's offices will be closed on Monday, Sept. 7 in observance of Labor Day. We will return with our Daily eNews Blast on Tuesday, Sept. 8.We wish all of our readers a safe and happy holiday! Read Story

September 04, 2020, 09:00 AM

Huntington Bancshares Inc. announced a $20 billion, five-year lending, investment and philanthropic commitment to help improve financial opportunities for the consumers, businesses and communities it serves throughout its seven-state, Midwest... Read Story

September 04, 2020, 08:00 AM

William Bonnell, Executive Vice President, Risk Management, and Chief Risk Officer, National Bank of Canada, was elected Chair of The Risk Management Association (RMA). Michael Nassy, Executive Vice President and Chief Credit Officer, FVCbank, was... Read Story

September 03, 2020, 09:10 AM

eOriginal announced the release of ClosingCenter 2.2, anchored by enhanced pre-closing capabilities, increasing the efficiency and convenience of digital closings for lenders, borrowers and settlement agents.   ClosingCenter Pre-Close provides... Read Story

September 03, 2020, 08:00 AM

PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, announced that it extended and amended its North American credit facility on August 26, 2020. Bank of America, N.A., served as Administrative Agent, and Bank of America... Read Story

September 02, 2020, 08:00 AM

Nearly 60% of mid-size businesses report having unmet needs related to reducing risk exposure, naming crisis management and customized advice as the top unmet needs for reducing those risks, according to the QBE North America 2020 Mid-Sized Company... Read Story

September 01, 2020, 09:10 AM

Shiloh Industries announced that it has entered into a stalking horse stock and asset purchase agreement with Grouper Holdings, LLC (“Grouper”), a subsidiary of MiddleGround Capital LLC (“MiddleGround”) pursuant to which Grouper will acquire... Read Story

August 31, 2020, 09:05 AM

OneWest Bank, CIT's Southern California retail bank division, launched its second annual Bank on Building a Brighter Community program to give back to local area school children. In partnership with the Pasadena, Metro Los Angeles, Santa Monica, and... Read Story

August 28, 2020, 07:00 AM

Haynes and Boone, LLP Denver Partner Dan Malone led a team representing Birch Benders LLC in the sale of its business to Sovos Brands for an undisclosed price. The transaction is expected to close by the end of October. Sovos is a food company backed... Read Story

August 27, 2020, 07:00 AM

Citizens M&A Advisory served as the exclusive financial advisor to OSG, an Aquiline Capital Partners portfolio company, on its divestiture of Applied Revenue Analytics ("AppRev"), a provider of revenue cycle optimization and revenue integrity... Read Story

August 26, 2020, 09:10 AM

Wells Fargo announced that Mark A. Chancy has been elected to the company’s board of directors, effective immediately. Chancy will serve on the board’s Audit Committee and Risk Committee.Chancy was most recently vice chairman and co-chief operating... Read Story

August 24, 2020, 08:00 AM

Alpha Guardian may be a leader in secure storage, but after its 2017 merger left the company in excess of $120 million in debt, it took the trusted bankruptcy experts lead by Nicholas Rubin of Force 10 Partners and Gregory Garman of Garman Turner... Read Story

August 24, 2020, 07:39 AM

Sterling National Bank announced its support of the Business Outreach Center (BOC) Network, a New York City-based community development organization. This new partnership will provide recovery assistance and relief to minority and women owned small... Read Story

August 21, 2020, 09:10 AM

Vertical IQ, a Raleigh-based Industry Intelligence firm that helps thousands of professionals who advise small and medium-sized businesses (SMBs), has significantly expanded its "Industry Risks" chapter, which will now be called "Credit Underwriting... Read Story

August 21, 2020, 09:00 AM

TD Bank announced that it is launching TD Online Accounting to provide a convenient, integrated payment and accounting experience for its small and closely held business customers to conduct banking and bookkeeping activities through TD's Small... Read Story

August 20, 2020, 08:00 AM

Real-time payments (RTP), the emerging standard in U.S. billing and payment processing, continues to gain traction among businesses with nine out of 10 business leaders reporting interest in the network, according to Citizens Commercial Banking’s... Read Story

August 19, 2020, 09:10 AM

U.S. Bank announced today details of a $15 million Rebuild and Transform Fund, which will help small businesses impacted by civil unrest and support organizations working to address systemic economic and racial inequities. The U.S. Bank Foundation... Read Story

August 19, 2020, 09:05 AM

As the fight against the coronavirus continues, Peapack-Gladstone Bank has focused on its unwavering support of nonprofits, local organizations and food banks through monetary donations, volunteer engagement and community service. Ensuring food... Read Story

August 19, 2020, 09:00 AM

Centric Bank, a wholly owned subsidiary of Centric Financial Corporation, has been recognized as one of American Banker's Top 200 Community Banks in the U.S. for the second consecutive year, as well as one of Independent Banker's Top Lenders for 2020... Read Story

August 18, 2020, 08:00 AM

The longest continuously operating Black-owned investment banking firm in the country, Blaylock Van, LLC is helping more investment managers, pension funds and companies interested in diversifying their inclusion of Black- and women-owned firms in... Read Story

August 17, 2020, 09:00 AM

Chicago-based Hilco Redevelopment Partners through their charitable organization, Hilco Helps, is announcing the donation of $42,000 to the Chicago Public School’s Foundation called Children’s First Fund, to support their annual Summer Reading... Read Story

August 12, 2020, 09:00 AM

U.S. Bank Community Development Corporation (USBCDC) announced $1.15 million in grants to more than a dozen Black-led Community Development Financial Institution (CDFI) partners and—in partnership with the U.S. Bank Foundation—a grant to the African... Read Story

August 11, 2020, 07:00 AM

nCino, Inc. announced that $18.2 billion-asset Seattle-based WaFd Bank has deployed the nCino Bank Operating System to increase and digitize its commercial lending efficiency and improve the client experience. WaFd was also able to utilize nCino for... Read Story

August 11, 2020, 06:00 AM

Yieldstreet Private Business Credit (“PBC”), a provider of single and multi-tranche term loans and participations to finance companies, banks, credit funds and private equity-backed companies has closed a $16.7M Supply Chain Financing and a $1.5M... Read Story

August 10, 2020, 09:05 AM

Oaktree Strategic Income Corporation, a specialty finance company, announced its financial results for the fiscal quarter ended June 30, 2020.Financial Highlights for the Quarter Ended June 30, 2020Net asset value ("NAV") per share was $8.47 as of... Read Story

August 10, 2020, 09:00 AM

Significant hotel sector performance deterioration as a result of the coronavirus pandemic and recession make the assignment of ratings to new US commercial mortgage-backed securities (CMBS) single-asset single-borrower (SASB) hotel transactions... Read Story

August 07, 2020, 09:00 AM

Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, announced the completion of an additional $15 million private equity investment from Alterna Equity Partners, coinciding with a line... Read Story

August 05, 2020, 09:00 AM

CIT Group Inc. announced it has made a donation to provide enough fresh food for 100,000 meals to Table to Table, a community-based food rescue program that redistributes would-be wasted food to those in need. The donation addresses food insecurity... Read Story

August 05, 2020, 08:00 AM

Experity Ventures, LLC (EV) announced that it has closed on a structured credit facility for an initial $65 million and up to $100 million to support the growth plan for ProMed Capital. ProMed is a newly acquired portfolio company of... Read Story

August 04, 2020, 09:05 AM

MSD Partners, L.P. announced the final closing of its MSD Special Investments Funds. The Funds closed with approximately $825 million in commitments, well above its initial $500 million target.  Michael Dell and his family, together with MSD Partners... Read Story

August 03, 2020, 08:55 AM

Rally Capital Advisors, a middle market financial and transaction advisory firm has successfully sold substantially all of the assets of Arlington Plating Company (APC) to Garth Davies, a plating industry veteran, and also owner of  Midwest... Read Story

July 30, 2020, 07:51 AM

Bryant Park Capital (BPC) announced that Multi Funding, Inc. recently closed on a $30 million senior debt transaction with a leading international bank. This capital injection will allow the company to accelerate top line revenue, expand its physical... Read Story

July 28, 2020, 08:45 AM

CIT Group (CIT) announced that it has made a donation to The Arc of the Bay, a nonprofit organization based in Lynn Haven, FL that provides support and opportunities for adults with disabilities.The donation supports the organization's Culinary... Read Story

July 28, 2020, 07:00 AM

Trive Capital, a Dallas, Texas based private equity firm, announced its renewed focus on the building products sector with the addition of Tyrone “Ty” Johnson as an Operating Partner.  Mr. Johnson brings valuable sector expertise to the Operating... Read Story

July 27, 2020, 09:10 AM

BMO Private Banking, part of BMO Private Wealth, has been awarded Best Private Bank Canada, 2020 by World Finance Magazine. BMO Private Banking received this distinction from the international publication for the 10th consecutive year.The 2020 World... Read Story

July 27, 2020, 08:00 AM

Cargojet Inc. announced that it has amended its syndicated committed revolving credit facility in order to, among other things, increase the revolving credit limit from $510 to $600 million and to extend the maturity date to July 16, 2025.  The... Read Story

July 23, 2020, 08:00 AM

Hilco Global has issued a timely report on the impact of diminished import/export volume on the chassis segment of the intermodal industry, how providers and end-users have responded during the current crisis, and the likely path forward for industry... Read Story

July 21, 2020, 09:05 AM

Focus Management Group announced a live Webinar on July 23rd at 1 PM EST on evaluating a borrower’s short-term cash needs using only the information in a basic loan file.The webinar will demonstrate how to use financial statements to evaluate the... Read Story

July 21, 2020, 09:00 AM

Owl Rock Capital Corporation (NYSE: ORCC) announced that it has priced an underwritten public offering of $500 million in aggregate principal amount of 4.250% notes due 2026. The notes will mature on January 15, 2026 and may be redeemed in whole or... Read Story

July 20, 2020, 08:00 AM

Grant Thornton LLP has earned a top-score of 100% on the 2020 Disability Equality Index® (DEI), a national benchmarking tool on corporate policies and practices related to disability inclusion and workplace equality. The DEI is a joint initiative of... Read Story

July 16, 2020, 08:00 AM

Following an April industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled the details of an approximately $400 million effort to help small businesses impacted by the ongoing... Read Story

July 10, 2020, 08:45 AM

Leading nationwide small business lender Breakout Capital announced today the completion of two senior secured credit facilities, totaling $20MM, with Medalist Partners, expanding and extending a current term loan facility and establishing a new term... Read Story

July 09, 2020, 08:55 AM

ProSight Global, Inc. announced that it has closed a $65 million revolving credit facility. This announcement follows ProSight's June 16 announcement of a $165 million delayed draw term loan to refinance $165 million of existing indebtedness maturing... Read Story

July 07, 2020, 08:00 AM

Recruitment Investments is a UK based group of business owners who specialise in buying and selling successful organisations within the recruitment sector. The group is headed up by Recruitment Investments Limited and consists of trading entities:... Read Story

July 06, 2020, 08:00 AM

ABL Advisor's offices will be closed on Friday, July 3 in observance of Independence Day. We will return with our Daily eNews Blast on Monday, July 6. We wish all of our readers a safe and happy holiday! Read Story

July 02, 2020, 08:00 AM

Horizon Technology Finance Corporation, a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and... Read Story

June 30, 2020, 08:45 AM

White Oak Commercial Finance Europe (WOCFE), a leading provider of Senior Secured financial solutions to small and medium sized enterprises (SMEs), mid-market, private equity (PE)-owned and PLC firms across the UK and Europe, announced the official... Read Story

June 29, 2020, 08:00 AM

Grant Thornton LLP has named Lisa Walkush as its national managing principal of its Industry program, effective immediately. She will also serve on the firm’s National Leadership Team.In this new role, Walkush will oversee all strategy and operations... Read Story

June 25, 2020, 09:15 AM

Sallyport Commercial Finance arranges a $2,000,000 Accounts Receivable facility including a $500,000 Cash Flow Loan to a company that provides due diligence and document management solutions.“Listening and understanding our entrepreneurs needs and... Read Story

June 25, 2020, 09:10 AM

Cavotec has during the past months conducted a competitive process to procure a new long term credit facility, resulting in competing bids involving several bank consortia. After careful evaluation Cavotec has chosen a consortium led by Credit Suisse... Read Story

June 24, 2020, 09:10 AM

Castleton Commodities International LLC announced  the closing of a $2.4 billion committed borrowing base facility.  The Facility consists of a $750 million 3-year tranche, a $1.15 billion 2-year tranche and a $500 million 364-day tranche.  The... Read Story

June 23, 2020, 09:10 AM

The Goldman Sachs Group, Inc. announced it will commit an additional $250 million to fund the Small Business Administration’s Paycheck Protection Program (“PPP”) loans through Community Development Financial Institutions (“CDFIs”) and other... Read Story

June 18, 2020, 09:16 AM

Gartner, Inc. announced  that it has commenced an unregistered offering of $500 million in aggregate principal amount of Senior Notes due 2028 (the “Notes”). Gartner intends to use the net proceeds from the offering of the Notes, together with cash... Read Story

June 18, 2020, 09:15 AM

The Federal Reserve Board announced updates to the Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large... Read Story

June 18, 2020, 09:00 AM

Franklin Capital announced the completion of two new Accounts Receivable Financing facilities.The company provided a $1,000,000 Accounts Receivable Financing facility to a supplier of personal protective equipment (PPE). The business previously sold... Read Story

June 17, 2020, 09:10 AM

DemandStar, the open marketplace for bidding on government contracts, today announced that it closed a $2 million seed round to connect local governments with a greater diversity of businesses.“When governments increase competition and bring the best... Read Story

June 16, 2020, 09:00 AM

North Mill Capital announced the funding of a $750,000 Accounts Receivable Facility to GearTek, Inc. The funds were used to pay off the previous lender and to provide additional working capital for the company.Founded in 1986, GearTek, Inc.... Read Story

June 15, 2020, 09:15 AM

Some 56 percent of business executives said their companies had sought relief funds through the Paycheck Protection Program (PPP), a $660 billion initiative under the CARES Act designed to protect small businesses and their employees, a survey by the... Read Story

June 15, 2020, 09:10 AM

Medley Capital continues to explore strategic alternatives seeking to maximize shareholder value. Houlihan Lokey, the Special Committee’s financial advisor, has commenced a strategic review process, which is ongoing.Most recently the company... Read Story

June 15, 2020, 09:00 AM

East West Bank and and M&T Bank closed on a 1-year $75MM senior secured revolving line of credit for CC1 Holdings, LLC, and CC2 Holdings, LLC, each a wholly- owned entity of Charlotte-based, specialty investment platform Cazenovia Creek Investment... Read Story

June 12, 2020, 08:00 AM

Ares Management Corporation (the “Company”) (NYSE:ARES) announced that its indirect subsidiary, Ares Finance Co. II LLC, intends to offer senior notes (the “notes”), subject to market and other conditions. The notes will be fully and unconditionally... Read Story

June 11, 2020, 09:10 AM

Florida company Fund&Grow announced that a new business credit funding program is now available for small businesses, startups and real estate investors looking to obtain unsecured funding fast.Fund&Grow, a company providing financial and strategic... Read Story

June 08, 2020, 09:15 AM

Baker Donelson was named a winner in the 2nd Annual USA Middle Market Atlas Awards. The awards, presented by the Global M&A Network, recognize the achievements of influential dealmakers and leaders, outstanding firms and the best growth-delivering... Read Story

June 08, 2020, 09:10 AM

Digitalization is no longer just a competitive edge for the corporate elite. According to a new report by BDO, rapid advancements in emerging technologies has paved the way for businesses of all sizes to tap into the power of digital, enabling them... Read Story

June 08, 2020, 09:00 AM

Moody's Investors Service says that the US cruise sector is bracing for bleak performance over the next two years, as coronavirus pandemic pressures have cut a deep wake through the sector's performance since February and resulted in a rash of cruise... Read Story

June 05, 2020, 09:10 AM

CFG Merchant Solutions (CFGMS), a financier of small and medium-sized enterprises (SMEs), announced today that the company is building upon its partnership with Arena Investors, LP (Arena), in conjunction with Ceteris Portfolio Services (“Ceteris)... Read Story

June 01, 2020, 08:00 AM

The federal financial institution regulatory agencies issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers' short-term credit needs.The Federal Reserve Board, the Federal Deposit Insurance... Read Story

May 29, 2020, 09:15 AM

Organigram Holdings Inc., the parent company of Organigram Inc., a leading licensed producer of cannabis, announced that the Company has amended its credit agreement dated May 31, 2019, with Bank of Montreal (“BMO”) as lead arranger and agent as well... Read Story

May 29, 2020, 09:00 AM

CIT Group Inc. announced it has won three Stevie American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social... Read Story

May 28, 2020, 08:10 AM

With continued economic uncertainty regarding how the global pandemic will disrupt key supply chains and buying patterns, combined with turbulence in the oil markets, it is likely that lenders will begin to pare back their respective risk appetites.... Read Story

May 26, 2020, 09:00 AM

ABL Advisor's offices will be closed on Monday, May 25 in observance of Memorial Day. We will return with our Daily eNews Blast on Tuesday, May 26.We wish all of our readers a very safe and happy holiday! Read Story

May 22, 2020, 09:15 AM

The NFIB Research Center released a survey on the status of the small business loan programs. Among NFIB members, 80 percent applied for a Paycheck Protection Program (PPP) loan and almost 90 percent have received the loan. Mo