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News Stories (947 Results) - Industry News

Fitch Ratings will apply an updated stress scenario to all CLO portfolios globally for exposure to issuers that have greater vulnerability to disruptions caused by the coronavirus pandemic, the company said. The agency applies a one-notch rating... Read Story

April 07, 2020, 09:15 AM

Twenty-three percent of North American high yield corporates have experienced, or are likely to experience, material damage from the coronavirus pandemic, while 36% have low rating headroom relative to their negative rating sensitivities, according... Read Story

April 06, 2020, 09:15 AM

United Fire & Casualty Company, a wholly owned subsidiary of United Fire Group, Inc. ("UFG," the "Company"), entered into a credit agreement (the "Credit Agreement") with Wells Fargo Bank, National Association ("Wells Fargo") providing for a $50... Read Story

April 03, 2020, 09:16 AM

Gemspring Capital, a lower middle-market private equity firm, announced the formation of its second fund, Gemspring Capital Fund II (“Fund II”), with $750 million of capital commitments.Gemspring secured commitments for Fund II from a globally... Read Story

April 02, 2020, 09:15 AM

CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. In... Read Story

March 31, 2020, 09:15 AM

Cooper Standard announced that it has further enhanced its financial liquidity position through the renewal of its asset-based revolving credit ("ABL") facility and its European receivables factoring facility.  Bank of America served as agent to an... Read Story

March 30, 2020, 09:15 AM

CNL Strategic Capital, LLC closed on a $12.5 million investment in Transition Finance Strategies LLC, which does business under the name Blue Ridge ESOP Associates (Blue Ridge). This is the sixth company in CNL Strategic Capital’s portfolio.CNL... Read Story

March 30, 2020, 09:00 AM

Fifth Third Bank, National Association, today provided additional detail on immediate steps it is taking to help customers impacted by the pandemic, augmenting its prior announcement last week to include new small business customer-centric provisions... Read Story

March 26, 2020, 09:20 AM

BMO has introduced measures to help Canadian businesses experiencing financial pressures as a result of COVID-19. "We are the bank for business, and that means standing behind clients in both good times and challenging ones," said Erminia (Ernie)... Read Story

March 26, 2020, 09:10 AM

Main Street Capital Corporation announced the expansion of total commitments under its revolving credit facility (the "Credit Facility") from $705.0 million to $740.0 million. The $35.0 million increase in total commitments was the result of the... Read Story

March 26, 2020, 09:00 AM

Investors are now actively seeking ‘new world’ sectors and companies as the world readjusts to life with coronavirus and looks ahead to an economic recovery.The assessment from Nigel Green, the chief executive and founder of deVere Group, one of the... Read Story

March 24, 2020, 09:00 AM

KeyBank announced additional steps it will take across its network to support clients and help protect our teammates and our communities from the spread of coronavirus. Starting March 19, 2020, all KeyBank branches will move to serving clients by... Read Story

March 20, 2020, 09:10 AM

LICT Corporation has borrowed the entire $50 million under its revolving credit facility with CoBank. The addition of the $50 million in new borrowings increases LICT’s pro-forma gross cash balance to just under $90 million with net cash of $76... Read Story

March 20, 2020, 09:00 AM

Charter Growth Capital Fund (CGCF) announced its investment in Traverse City Products (TCP). CGCF provided mezzanine debt and an equity co-investment in support of the acquisition. Birmingham, Michigan-based Colfax Creek Capital was the lead investor... Read Story

March 19, 2020, 09:15 AM

Encina Equipment Finance (EEF) announced it has upsized its senior credit facility to $330 million in total commitments in support of continued portfolio growth. The additional capacity was provided by six existing lenders that increased their... Read Story

March 18, 2020, 09:15 AM

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Unique Airmotive Services (UAS) in its sale to Mill Hill Capital.Founded in 2011 and headquartered in Clover, South Carolina, UAS... Read Story

March 16, 2020, 09:00 AM

Hilco Streambank, a market leading advisory firm specializing in the sale of intellectual property assets and domain name brokerage, is marketing for sale the patent portfolio and certain related assets of Save Phace, Inc. The patent portfolio... Read Story

March 13, 2020, 09:10 AM

Oriente, the technology and data science company creating opportunity through financial access for Southeast Asia, announced today that it has secured a US$20 million debt funding facility from Silverhorn Group, a leading Hong Kong-based multi-asset... Read Story

March 11, 2020, 09:05 AM

Sporting event postponements, cancellations and/or reduced attendance in the US as a result of coronavirus concerns will lead to revenue and profitability declines and a drain on liquidity at affected stadiums, arenas and facilities, says Fitch... Read Story

March 11, 2020, 08:55 AM

Ritchie Bros., a leading global provider of asset management and disposition solutions,  announced an update to its RB Asset Solutions SaaS inventory management system. This cloud-based tool, designed to help businesses more efficiently manage their... Read Story

March 09, 2020, 09:15 AM

The FBI’s Internet Crime Complaint Center received a total of 467,361 complaints with reported losses exceeding $3.5 billion, half of which it attributed to hackers targeting business email communication.In 2019, the IC3 received 23,775 Business... Read Story

March 09, 2020, 09:10 AM

Ares Management Corporation announced that it has won industry recognition for nine annual awards from three industry publications – Private Debt Investor, Private Equity International and Infrastructure Investor. The awards acknowledge leaders... Read Story

March 09, 2020, 09:00 AM

Charah Solutions, Inc., a leading provider of environmental and maintenance services to the power generation industry, today announced that it has successfully reached an agreement with its lender group to amend its senior secured credit agreement... Read Story

March 06, 2020, 09:00 AM

To address concerns regarding Coronavirus (COVID-19) and to help safeguard the health and well-being of our members and the greater secured finance community participating in events over the coming months, the Secured Finance Network (SFNet) is... Read Story

March 05, 2020, 09:10 AM

The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors, affirms the chief executive of one of the world’s largest independent financial advisory and services organizations. The prediction by... Read Story

February 28, 2020, 09:00 AM

Encina Business Credit, LLC (EBC) announced it has provided a $15 million senior secured credit facility to a manufacturer of aluminum extrusions and highly engineered products. The credit facility consists of a revolving line of credit based on... Read Story

February 27, 2020, 09:10 AM

Investors remain complacent about an imminent Coronavirus-triggered market correction of up to 10 per cent, warns the CEO of one of the world’s largest independent financial advisory organizations.The warning from deVere Group’s chief executive and... Read Story

February 24, 2020, 09:15 AM

Trinity Capital Inc. (“Trinity” or the “Company”), a leading specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced that... Read Story

February 19, 2020, 08:20 AM

The audiovisual vertical within Tiger Group’s Commercial & Industrial Division posted record sales of excess and underutilized AV equipment in 2019, further cementing its position as a leader in the disposition and appraisal of pro-grade AV gear.... Read Story

February 19, 2020, 08:15 AM

A joint venture between a fund managed by the Real Estate Group of Ares Management Corporation and Griffin Real Estate announced the acquisition of a 98.04% stake in Murapol SA, a leading Polish property development company. The value of the deal was... Read Story

February 18, 2020, 08:00 AM

HPS Investment Partners has launched a new podcast series, The HPScast. The new series focuses on the careers of successful business leaders including: co-founder of Alvarez and Marsal, Brian Marsal, former Soulcycle CEO Melanie Whelan, and cable and... Read Story

February 18, 2020, 07:00 AM

Sallyport Commercial Finance supplies a $1,300,000 Accounts Receivable facility to a wholesale distributor of plants and flowers.The company needed additional working capital to fulfill large orders. They were referred to Sallyport by a broker who... Read Story

February 14, 2020, 09:15 AM

Stonybrook Capital announced the completion of a capital raise for a $45,000,000 senior secured credit facility for Cypress Group Holdings, Inc. (“Cypress”). Stonybrook Capital served as the exclusive financial advisor to Cypress on this transaction.... Read Story

February 14, 2020, 09:00 AM

After a record decade of economic growth in the U.S., the current expansion is becoming long in the tooth. S&P Global Ratings economists now place the probability of a U.S. recession within 12 months at between 25% and 30%. Although our baseline... Read Story

February 13, 2020, 09:15 AM

Knightsbridge Capital Group, an asset-based lender based in Vancouver, is pleased to announce that it has entered into a credit agreement with British Columbia Investment Management Corporation ("BCI") for a $100 million operating facility to... Read Story

February 13, 2020, 09:12 AM

Cross Keys Capital served as the exclusive M&A advisor to The Retina Care Center, LLC ("RCC") in its affiliation with PRISM Vision Group™. The Retina Care Center is a single-specialty eye care center providing expert management and care for patients... Read Story

February 12, 2020, 09:00 AM

NXT Capital is celebrating a decade of providing structured financing solutions to the middle market and investment opportunities in this asset class to institutional investors. Since its 2010 founding by former leaders of Merrill Lynch Capital and... Read Story

February 06, 2020, 09:10 AM

Ares Management Corporation announced that funds managed by its Alternative Credit strategy have provided a $350 million revolving asset-backed credit facility secured by consumer loans to Southern Management Corporation (“Southern”), a portfolio... Read Story

February 05, 2020, 09:10 AM

Ares Management Corporation announced that its subsidiary has entered into a definitive agreement to acquire a managing interest in a restructured Crestline Denali Capital (“Crestline Denali”) that will result in the addition of seven collateralized... Read Story

February 03, 2020, 09:05 AM

The Wuhan coronavirus is expected to have a minimal impact on aircraft lessor and ABS ratings in the near term given the relative diversity of customer bases, solid cash flow generation derived from long-term leases and the fact that current ratings... Read Story

January 30, 2020, 08:00 AM

EuroLife Brands, a vertically integrated enterprise focused on the pan European hemp, cannabinoid, and health & wellness sector, announced it has entered into a definitive financing agreement with European Equity Group, an international merchant bank... Read Story

January 27, 2020, 09:10 AM

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies across the capital structure, announced select investment and operating... Read Story

January 27, 2020, 09:05 AM

Hilco Streambank, a market leading advisory firm specializing in the sale of intellectual property assets and domain name brokerage, is marketing for sale the premium domain, first registered in 1997, has historically been used... Read Story

January 24, 2020, 09:00 AM

Bibby Financial Services (BFS) North America extended a $2 million ABL line to a manufacturing company. The client is a manufacturer of single and multiple-part continuous computer paper and custom business forms.BFS provided $900,000 in funding to a... Read Story

January 23, 2020, 09:00 AM

Phoenix has released its 2019 Year in Review. It described 2019 as a busy year with 100+ engagements across its three service groups – Phoenix Management Services, Phoenix Transaction Advisory Services, and Phoenix Capital Resources. New... Read Story

January 22, 2020, 08:00 AM

As executives continue to confront cybersecurity, financial crime and regulatory threats in 2020, companies remain largely unprepared for events that can impact revenue, valuation and reputation, according to a new survey released today by FTI... Read Story

January 21, 2020, 09:10 AM

BMO Financial Group today announced it has been included in the Bloomberg Gender-Equality Index (GEI) for the fifth year in a row. The global index recognizes companies committed to gender equality and inclusivity within the workplace and the... Read Story

January 21, 2020, 09:00 AM

King Trade Capital announced the completion of a $2.4MM purchase-order finance facility for a Florida-based, minority-owned government contractor.A financial consultant, who had previously utilized KTC to finance another government contractor... Read Story

January 15, 2020, 09:00 AM

CBAM Partners announced the closing of a new $60 million Credit Facility led by RBC Capital Markets as Lead Arranger and Sole Bookrunner with lenders Royal Bank of Canada ("RBC") as Administrative Agent and Barclays Bank PLC ("Barclays") as... Read Story

January 07, 2020, 08:00 AM

PineBridge Investments, a global asset manager, announced the close of PineBridge Private Credit, L.P. (the “Fund”), the firm’s first direct lending focused strategy.  The Fund closed on December 16th, 2019 with capital commitments of $396 million... Read Story

January 03, 2020, 09:01 AM

Baker Hill, a leading financial technology provider, delivering solutions for commercial and small business loan origination, risk and relationship management, CECL, and smart data analytics, announced they were selected by Aite Group as... Read Story

December 30, 2019, 09:00 AM

Scotia Global Asset Management announced the final year-end reinvested distributions for the Scotia Strategic ETF Portfolios listed on the TSX for the 2019 tax year.  The record date for the 2019 final year-end reinvested distributions will be... Read Story

December 30, 2019, 08:00 AM

Cabot Microelectronics Corporation (CCMP) today announced that it has amended its credit agreement entered into on November 15, 2018 to reduce the interest rate on borrowings under the agreement’s term loan facility by 25 basis points. The new term... Read Story

December 24, 2019, 08:00 AM

A combination of slowing economic growth, sustained low interest rates and unprecedented levels of indebtedness will broadly influence the global credit outlook in 2020, says Fitch Ratings. The aggregate rise in global indebtedness in 2019, which... Read Story

December 23, 2019, 09:00 AM

Hilco Fixed Asset Recovery (HFAR) has been engaged to liquidate all the fixtures, furniture, and equipment (FF&E) from the historic Hotel Wales which will be closing its doors on December 31, 2019 for a major remodeling of the Upper East Side... Read Story

December 23, 2019, 08:00 AM

Current headwinds affecting asset-based lending (ABL) portfolios and emerging opportunities and challenges in various industry sectors are on the agenda at the Secured Finance Network (SFNet)  Asset-Based Capital Conference 2020 Feb. 4-5 in Las Vegas... Read Story

December 20, 2019, 08:25 AM

CIT Group Inc. announced the results of its second annual One Million Meals campaign to fight hunger in partnership with Feeding America. Customers, employees and others came together to donate 1.5 million meals to people in need and helped CIT... Read Story

December 20, 2019, 08:00 AM

Gryphon Investors, a San Francisco-based private equity firm, announced that it held a final closing of Gryphon Mezzanine Partners II, L.P. ("the Fund") at its cap, achieving $300 million of aggregate commitments. The Fund was oversubscribed and... Read Story

December 18, 2019, 09:00 AM

Bunge Finance Europe B.V., a wholly-owned subsidiary of Bunge Limited has successfully closed its first sustainability-linked revolving credit facility (the "Amended Facility"). The Amended Facility amends and extends Borrower's existing US$1,750,000... Read Story

December 18, 2019, 08:55 AM

Churchill Asset Management LLC, a majority-owned affiliate of Nuveen focused on originating, underwriting and managing middle-market senior loan investments, closed a $350 million middle-market collateralized loan obligation, Churchill Middle Market... Read Story

December 16, 2019, 08:45 AM

NXT Energy Solutions Inc. has issued a direction to Alberta Green Ventures Limited Partnership ("AGV") to deliver for cancellation the number of common shares in the capital of the Company held by AGV that is equivalent to the $250,000.00 principal... Read Story

December 16, 2019, 08:00 AM

Fitch Ratings has been recognized as the best rating agency for structured finance at FinanceAsia's annual 2019 achievement awards and was also voted Australian structured finance rating agency of the year by KangaNews. FinanceAsia also named Fitch... Read Story

December 12, 2019, 08:00 AM

iJustOrder, a mobile engagement and e-commerce platform specializing in on-demand delivery, announced the completion of its comprehensive restructuring. Launched in August 2019, this restructuring was accompanied by a reorganization of the board of... Read Story

December 11, 2019, 09:00 AM

Leonard Green & Partners, L.P. ("LGP") announces the final closings of the firm's eighth flagship private equity investment fund, Green Equity Investors VIII, L.P. ("GEI VIII"), and its inaugural dedicated middle market fund, Jade Equity Investors, L... Read Story

December 10, 2019, 09:00 AM

PlattPointe Capital, a boutique commercial real estate capital advisory firm, recently closed a $4,500,000 horizontal lot construction loan for the development of 162 residential lots in Pueblo, CO. The name of the borrower was not disclosed. This is... Read Story

December 09, 2019, 10:10 AM

Hermitage Offshore Services Ltd. announced that it has agreed to enter into a new common stock purchase agreement with Scorpio Services Holding Limited (“SSH”) for $15 million .  Consequently, the lenders under the Company’s Initial Credit Facility... Read Story

December 09, 2019, 10:00 AM

A group of local women entrepreneurs, investors, and lenders in Portland has created the XXcelerate Fund to build profitable Oregon-based businesses. The fund will address the critical and entrenched capital shortfall facing women entrepreneurs.It is... Read Story

December 02, 2019, 09:00 AM

Jayson M. Thornton of THORNTON Advisor LLC was awarded as Missouri’s number one top-rated Financial Advisor for 2019 by Top Rated Local. Top Rated Local is a firm that analyzes the ratings and reviews from hundreds of verified sites online and then... Read Story

December 02, 2019, 08:00 AM

Old Hill provided a $10 million senior secured revolving-to-term facility to Funda, an Australian lender focused on providing lines of credit and fully amortizing loans to small-and-medium-sized enterprises. The facility is secured by a first lien... Read Story

November 27, 2019, 09:00 AM

H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with over $34 billion of equity capital under management, announced the closing of H.I.G. Middle Market LBO Fund III (the “Fund”). The Fund closed with aggregate capital... Read Story

November 21, 2019, 09:00 AM

White Oak Global Advisors, LLC announced 21 of its professionals completed the PRI Academy’s Fundamentals of Responsible Investing (RI) course to strengthen each individual’s understanding of environmental conservation, social responsibility and good... Read Story

November 20, 2019, 08:45 AM

More than one in three small business executives (37%) plan to invest even more in their businesses during the next 12 months compared to the past 12 months, according to a new survey conducted by The Harris Poll1 and sponsored by CIT Group Inc. ... Read Story

November 19, 2019, 09:00 AM

Telesat Canada (“Telesat”) announced that it entered into discussions on November 15, 2019 to amend its existing credit agreement, dated March 28, 2012, among Telesat and Telesat LLC, as borrowers (the “Borrowers”), the guarantors party thereto, the... Read Story

November 18, 2019, 09:00 AM

Fitch Ratings has upgraded CIT Group Inc.'s (CIT) and CIT Bank, N.A.'s (CIT Bank) Long-Term Issuer Default Ratings (IDRs) and to 'BBB-' from 'BB+'. The Viability Ratings (VRs) for both entities were also upgraded to 'bbb-' from 'bb+'. The Rating... Read Story

November 13, 2019, 08:00 AM

Wells Fargo Capital Finance (UK) Limited, part Wells Fargo & Company, is pleased to announce that on October 24 it won the Asset-based Lender Deal of the Year award from Insider Media Limited for the Bright Blue Foods (BBF) transaction.Held in... Read Story

November 11, 2019, 08:55 AM

Air Transport Services Group, Inc. announced that it has extended its senior secured credit facility until November 30, 2024, expanded the facility’s revolver portion, consolidated and lowered its term loans, and reduced pricing to immediately lower... Read Story

November 07, 2019, 09:00 AM

VersaPay Corporation, a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, announced the closing of a credit facility... Read Story

November 05, 2019, 08:30 AM

PrecisionLender, the world’s leading commercial banking sales and coaching platform, announced The Bank of New Glarus is live with the PrecisionLender platform. The Bank of New Glarus achieved this milestone just 6 weeks after signing on with... Read Story

October 29, 2019, 08:00 AM

William C. Marsh was recently appointed to serve on the American Bankers Association’s (ABA) Community Bankers Council for the 2019-2020 year.  Mr. Marsh is Chairman of the Board, President and Chief Executive Officer at The Farmers National Bank of... Read Story

October 28, 2019, 08:00 AM

Santander announced that it has agreed to sell its retail and commercial banking franchise in Puerto Rico, Santander Bancorp, to FirstBank Puerto Rico, for a total consideration of approximately $1.1 billion. Banco Santander Puerto Rico is the fourth... Read Story

October 23, 2019, 08:00 AM

Wells Fargo & Company announced that Richard (Dick) Payne Jr. has been elected to the company’s Board of Directors, effective immediately, and will serve on the Board’s Credit Committee. Payne retired in 2016 as vice chairman of Wholesale Banking at... Read Story

October 21, 2019, 09:11 AM

Middle market private companies in the Golub Capital Altman Index experienced approximate year-over-year earnings growth of 13.2% and revenue growth of 9.6% during the first two months of the third quarter of 2019. This compares to approximate... Read Story

October 18, 2019, 09:00 AM

A Capital One survey conducted at ABS East 2019, a conference convening professionals from across the asset-backed securities (ABS) industry, found more than one-third (38 percent) of professionals plan to engage with new financial partners and... Read Story

October 18, 2019, 08:00 AM

MSGN Holdings, L.P.,and certain subsidiaries of MSGN Holdings entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The Credit Agreement amends and restates MSGN... Read Story

October 15, 2019, 08:00 AM

CredoLab, a Singapore-based developer of bank-grade digital credit scorecards based on anonymous smartphone metadata, has partnered with iovation, a TransUnion company, specializing in device-based fraud detection and authentication solutions.... Read Story

October 14, 2019, 08:00 AM

The M&A Advisor announced that James E. Abbott, from Seward & Kissel LLP, is a recipient of the 2019 M&A Advisor Leadership Award. Mr. Abbott is to be honored, for his significant contribution to the mergers and acquisitions and finance industry, and... Read Story

October 11, 2019, 09:10 AM

KeyBank continues its unwavering support of small businesses across the nation, ranking 11th nationally for the Small Business Administration's (SBA) FY 2019. KeyBank extended $311 million in approved 7(a) dollars over the course of the year. Since... Read Story

October 11, 2019, 09:05 AM

Access Capital recently provided financing to HonorVet Technologies (“HonorVet”), a Certified Service-Disabled-Veteran-Owned Small Business (SDVOSB).HonorVet provides the veteran community with employment opportunities in civilian workplaces in... Read Story

October 11, 2019, 09:00 AM

The Chicago Middle Market Business Conference will take place on Wednesday, October 23, 2019. The conference is the best opportunity to meet and network with the leading M&A deal professionals in the Midwest. The featured panelists include leaders... Read Story

October 08, 2019, 08:45 AM

Signature Bank, a New York-based full-service commercial bank, announced it was named #1 in the Business Bank, Private Bank and Attorney Escrow Services categories of the New York Law Journal’s “Best of” 10th annual survey of the New York legal... Read Story

October 07, 2019, 08:00 AM

Garrington Group of Companies, which was established in January 2019 as part of a greater blueprint to develop a leading North American loan origination, underwriting and operations platform, provided an update on its operations and philosophy since... Read Story

October 04, 2019, 09:00 AM

Private Company Directors magazine has announced their 2019 list of Directors to Watch and Mary Josephs, CEO of Verit Advisors® has been named to that list. These top directors not only exemplify the very best in board service, they uniformly find... Read Story

October 03, 2019, 08:00 AM

For the eighth year in a row, equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) and Commercial Funding Inc.,, has made the Business North Carolina Mid-Market Fast 40 List.... Read Story

October 01, 2019, 08:45 AM

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $3.0 million credit facility to Delicate Productions, consisting of a term loan and a revolving line of credit. In addition to the... Read Story

September 25, 2019, 08:45 AM

North Mill Capital announced the funding of a $15,000,000 Total Credit Facility to SPAR Group, Inc. in Auburn Hills, Michigan.                                                                           The funds were utilized to pay off the bank and... Read Story

September 23, 2019, 09:00 AM

Atlantic RMS, a provider of Diligence, Workout and Collection Services to the ABL, ABS and Receivables Finance Industry, has extended its reach and presence in Germany.Atlantic Risk Sela GmbH, a JV together with Sela group, is based in Munich and led... Read Story

September 23, 2019, 08:45 AM

Seaspan Corporation (SSW) announced the closing of a $500 million increase to its portfolio financing program. The Program initially closed on May 15, 2019 with a total capacity of $1.0 billion , and subsequent to closing of the Accordion, has a... Read Story

September 19, 2019, 08:33 AM

Bank of America announced that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.Bank of... Read Story

September 19, 2019, 08:00 AM

AlixPartners, the global consulting firm, announced that it has been named one of the 2019 “Best Firms to Work For” by Consulting magazine. Firms selected for the list were judged on a range of employee satisfaction criteria including career... Read Story

September 11, 2019, 09:00 AM

Hilco Global announced that during the Payless Shoe Store going-out-of-business sale, they purchased thousands of pairs of shoes to donate to local youth charities in Chicago, Boston, and New Jersey.The in-kind donation is valued at over $75,000 at... Read Story

September 10, 2019, 09:00 AM

Allegiance Capital Corporation, a Dallas, Texas-based middle-market M&A investment bank, has been announced as a finalist for the "Information Technology Deal of the Year" and "Corporate/Strategic Deal of the Year" by The M&A Advisor, a leading... Read Story

September 10, 2019, 08:00 AM

Franklin Capital, a finance company providing multi-asset funding to small and medium-sized businesses, announced the launch of a newly revamped website. Franklin’s redesigned site offers quick and easy access to essential company information and a... Read Story

August 26, 2019, 09:00 AM

Stellus Capital Investment Corporation, a business development company, today announced that its wholly-owned subsidiary, Stellus Capital SBIC II, LP ("Stellus SBIC"), has received approval for a license from the United States Small Business... Read Story

August 21, 2019, 08:00 AM

Sallyport Commercial Finance delivered a $500,000 Accounts Receivable facility to a construction clean up company.A local business consultant was working closely with an owner who had difficulty staying current with his suppliers. The company... Read Story

August 15, 2019, 09:00 AM

Lincoln International, a leading global investment banking advisory firm, released the Q2 2019 issue of its proprietary Lincoln Middle Market Index (Lincoln MMI).The Lincoln MMI is a first-of-its-kind index measuring changes in the enterprise values... Read Story

August 15, 2019, 08:00 AM

Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has extended and amended certain terms of its existing $1.0 billion revolving credit facility.   Bank of America, N.A. serves as agent on the Facility... Read Story

August 14, 2019, 08:45 AM

Northern Trust (NTRS) announced it has developed an innovative pricing engine that utilizes machine learning and advanced statistical techniques to drive revenue growth for clients by more effectively forecasting the rate to loan securities in the... Read Story

August 12, 2019, 08:00 AM

Access Capital provided $1.5 million to JCW Search, Inc. The company was originally formed in 2007 by CEO Jamie Woods in London and made its first foray into the USA market. The company has been substantially investing in its growth in Europe and the... Read Story

August 09, 2019, 08:00 AM

Ropes & Gray advised Hamilton Lane on Hamilton Lane Strategic Opportunities Fund V. The Fund represents more than $760 million in commitments from a wide range of global LPs including repeat as well as new investors from Asia, the Middle East, Europe... Read Story

August 05, 2019, 09:00 AM

Ablacon, a Wheat Ridge, CO-based company developing an advanced mapping system to guide the treatment of atrial fibrillation (AFib), has entered into a $10m venture debt facility with Western Technology Investment (WTI).The debt is accompanied by a... Read Story

August 05, 2019, 08:48 AM

This summer, Sallyport Commercial Finance wanted to give back to our heroic men and women of the Armed Forces who are serving this Nation overseas. Sallyport’s employees partnered with Houston’s Blue Star Mothers of America to donate and fill care... Read Story

July 31, 2019, 08:00 AM

Hamilton Lane, an alternative investment management firm, announced the final closing of Hamilton Lane Strategic Opportunities Fund V. The Fund represents more than $760 million in commitments from a wide range of global LPs including repeat as well... Read Story

July 30, 2019, 08:45 AM

Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it has entered an agreement with Concentra Bank ("Concentra") under which Crown will provide investment... Read Story

July 30, 2019, 08:00 AM

According to a recent survey, 73 percent of small businesses provide support to local charitable and communal causes to show their commitment to giving back and to express appreciation to customers and the community. The study, conducted by TD Bank... Read Story

July 26, 2019, 08:00 AM

Accord Financial Corp. congratulated CapX Partners on its platinum anniversary, celebrating 20 years of achievement.“CapX and its four outstanding partners have been leaders in the middle market finance community, and have brought vital financing to... Read Story

July 25, 2019, 09:00 AM

PitchBook, a data provider for the private and public equity markets, released the findings of a new survey report, Private Markets: A Decade of Growth, which documents the proliferation of the private capital markets over the last fifteen years and... Read Story

July 24, 2019, 09:00 AM

MidCap Business Credit announced they have closed on a $2,000,000 Asset Based Credit Facility for Pavement Corporation, a portfolio company of Vicour and Spring Capital Partners out of Baltimore, MD. Headquartered in Waldorf, Maryland,   Pavement... Read Story

July 23, 2019, 08:45 AM

Presidential Financial Corporation (PFC) announced that it will be changing its name to MidFirst Business Credit. This allows PFC to align more closely to MidFirst Bank, its parent company, while continuing to provide best of class asset-based... Read Story

July 22, 2019, 08:00 AM

Sunwest Bank is excited to announce its 504 and 7(a) loans have received top 50 rankings from the U.S. Small Business Administration (SBA). For 504 loans, – typically used for real estate, and machinery – Sunwest Bank is 37th in the United States and... Read Story

July 18, 2019, 09:00 AM

Strategic Partners, Blackstone’s (BX) secondary and fund solutions business, announced today the final close on over $11 billion for Strategic Partners VIII L.P. and its related committed program vehicles (collectively, “SP VIII”). Strategic Partners... Read Story

July 18, 2019, 08:00 AM

Gibraltar has built $20MM in new financing partnerships over the past 30 days— providing four companies with working capital flexibility to support their plans for the future. We’ve been able to reach this funding achievement by using our solid... Read Story

July 16, 2019, 09:00 AM

Hogan Lovells has advised Ares in relation to the unitranche facilities provided to BC Partners for the acquisition of a majority stake in Synthon International Holding B.V., a global market leader in the development of complex Generics, from its... Read Story

July 12, 2019, 08:45 AM

MedMen Enterprises Inc. announced that it has signed a binding term sheet in respect of certain amendments to the definitive agreements for the up to $250,000,000 senior secured convertible credit facility led by Gotham Green Partners, an investor in... Read Story

July 10, 2019, 08:45 AM

Seacoast Capital, a lower middle market non-control growth capital investor, announced its $9.5 million subordinated debt with warrants and common stock investment in The Wing Group (Wing). Founded in 1997, and based in Lafayette, California, Wing... Read Story

July 09, 2019, 08:45 AM

Abacus Finance Group, LLC, a provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, announced that it served as Administrative Agent and Sole Lead Arranger for senior secured... Read Story

July 08, 2019, 08:00 AM

Sweeping Corporation of America ("SCA"), a Soundcore Capital Partners portfolio company, announced that it has recently entered into a $106,000,000 credit facility led by PineBridge Private Credit ("PineBridge"). PineBridge served as the sole lead... Read Story

July 01, 2019, 08:00 AM

Degreed, a workforce learning and skill-tracking platform, announced it raised $35 million in equity funding from existing investors Owl Ventures, Jump Capital, Signal Peak Ventures and GSV Accelerate, along with new investor AllianceBernstein Growth... Read Story

June 28, 2019, 08:30 AM

StatPro Group plc, the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, and the Corporate and Investment Bank of J.P. Morgan announced a strategic partnership to develop Multi... Read Story

June 26, 2019, 09:00 AM

Crystal Financial agented a $17.5 million term loan for apparel company John Varvatos. Founded in 2000 with a collection of tailored clothing and sportswear, the Company now represents an entire men’s lifestyle brand that includes footwear, leather... Read Story

June 25, 2019, 09:00 AM

Ackroo Inc., a gift card, and loyalty marketing technology and services provider, announced it has secured $4,000,000 via BDC Capital.  Under the terms of the loan, Ackroo will receive an initial tranche of $3,000,000 on closing plus access to an... Read Story

June 24, 2019, 09:00 AM

KeyBank has launched the Small Business Wellness Index, which measures the drivers, challenges, payment trends and financing needs of small business owners across the country. Data is drawn from KeyBank's proprietary Small Business Wellness Review, a... Read Story

June 21, 2019, 08:00 AM

Brasa Capital Management (Brasa Capital) has held a final close of its first investment fund, Brasa Real Estate Fund, LP, exceeding its $100 million fundraising goal with $120 million in capital commitments.Investing on behalf of pension funds and... Read Story

June 21, 2019, 07:18 AM

Ropes & Gray advised Angelo, Gordon’s Twin Brook Capital Partners on the formation and raise of over $2.75 billion for its third direct lending fund, AG Direct Lending Fund III.The Ropes & Gray team was led by asset management partner and credit... Read Story

June 20, 2019, 08:45 AM

Chicago Public Schools is joined by Chicago-based Hilco Redevelopment Partners through their charitable organization, Hilco Helps, to donate thousands of English and Spanish language books for 3rd, 4th and 5th grade students across 50 schools as part... Read Story

June 19, 2019, 09:00 AM

Enlightenment Capital received clearance from the Small Business Administration to run a small business investment company fund.“The SBIC license is a significant achievement for Enlightenment and aligns well with our investment strategy,” Devin... Read Story

June 18, 2019, 09:00 AM

Minnesota’s largest newspaper has named Stearns Bank one of the state’s Top 150 Places to work in 2019. The annual list released by the Star Tribune is based on employee surveys.“We are honored to be recognized as one of Star Tribune’s Top 150 Places... Read Story

June 12, 2019, 10:00 AM

Blank Rome LLP announced that the Firm is expanding its national platform to Chicago, with the addition of a four-partner group. The Firm expects the new office will launch this week, upon the completion of certain regulatory requirements.The Chicago... Read Story

June 12, 2019, 09:00 AM

Golub Capital announced that it recently provided growth financing to CloudSense, a leading provider of sales and delivery software solutions, in support of Vector Capital.Golub Capital served as Administrative Agent and Lead Arranger. This credit... Read Story

June 11, 2019, 09:05 AM

Harsco Corporation (NYSE: HSC) announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior unsecured notes due 2027 (the “Notes”) in a private offering (the “Private... Read Story

June 10, 2019, 09:00 AM

FIS, a provider off financial services technology, announced that it has completed an amendment of its existing Revolving Credit Facility that increases its borrowing capacity under the unsecured      from $4.0 billion to $5.5 billion with the... Read Story

May 30, 2019, 09:15 AM

Shinnecock Partners launches its open-ended, standalone dedicated alternative art lending fund, ALF, building on its 7-year non-bank lending history and fine-art secured lending experience.“Niche investment strategies offer the most compelling... Read Story

May 30, 2019, 09:00 AM

Configure Partners, LLC announced the successful completion of a $187.5 million financing for Iconex LLC, a portfolio company of Atlas Holdings LLC. Iconex is the world's leading provider of receipts and highly differentiated label solutions.... Read Story

May 21, 2019, 08:00 AM

Morgan Stanley Investment Management announced it has raised $785 million for the North Haven Senior Loan Fund L.P. and its related vehicles (collectively “NH SLF”) exceeding its original fundraising target. When combined with target leverage, NH SLF... Read Story

May 20, 2019, 09:00 AM

US-China trade tension may become a longer than expected headwind for US corporations as the prospect of additional US tariffs, retaliation from China, and prolonged negotiations rise, says Fitch Ratings. Although credit implications are limited... Read Story

May 13, 2019, 09:15 AM

Altus Midstream Company announced that Altus Midstream LP has entered into definitive agreements to issue $625 million of preferred equity in a private placement and amend its credit facility, which will allow Altus Midstream’s revolver capacity to... Read Story

May 10, 2019, 09:00 AM

GlassRatner Advisory & Capital Group, LLC, a specialty financial advisory services firm and wholly-owned subsidiary of B. Riley Financial, announced its recognition as the #1 provider in several categories in the Daily Report’s “Best of 2019”... Read Story

May 09, 2019, 09:00 AM

Clarus Corporation, a company focused on the outdoor and consumer industries seeking opportunities to acquire and grow businesses that can generate attractive shareholder returns, terminated its asset-backed credit facility and entered into a new... Read Story

May 07, 2019, 09:15 AM

CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the next facet of its Launch and Grow initiative, a 12-week HOPE Inside program aimed at empowering women small business owners in New York City and Los Angeles.   Building... Read Story

May 03, 2019, 09:15 AM

North Mill Capital announced the funding of a $15,000,000 Asset Based Revolving Line of Credit to OneTouch Direct LLC.The funds were used to repay the bank and provide the company with additional working capital for growth. “We are very excited... Read Story

May 01, 2019, 09:00 AM

Comvest Credit Partners acted as Administrative Agent and Sole Lender of a $60.0 million Senior Credit Facility to Beyond Finance, Inc., a debt resolution services provider. The financing will be used to repay existing debt and fund ongoing working... Read Story

April 30, 2019, 08:53 AM

Top asset appraisal and disposition firms offer services that are more valuable than ever in today’s competitive marketplace. However, helping bankrupt chains exit the market is only part of the story, writes Bradley W. Snyder, a Tiger Capital Group... Read Story

April 23, 2019, 09:15 AM

Invoice2go and Square Capital announced a partnership that gives Invoice2go customers in the United States a fast, seamless way to access the funding they need to grow their business – from right inside their Invoice2go mobile app. This partnership... Read Story

April 22, 2019, 09:15 AM

Cable One, Inc. announced that it has launched the syndication of a new $350 million senior secured revolving credit facility, a new $250 million senior secured term loan A facility (the “Term Loan A”) and a new $450 million senior secured delayed... Read Story

April 19, 2019, 09:10 AM

Maranon Capital, L.P. (Maranon) announced the closing of Maranon Loan Funding 2019-1, Ltd., a $400 million collateralized loan obligation (CLO), arranged by Morgan Stanley. The CLO represents the fourth CLO issued by Maranon, bringing the company’s... Read Story

April 18, 2019, 09:10 AM

Destination Maternity, a retail chain specializing in clothes for expecting mothers, has reportedly pulled out of a recently inked refinancing agreement with Bank of America on the grounds that it could have a negative effect on the company's credit... Read Story

April 17, 2019, 09:00 AM

Wells Fargo Commercial Distribution Finance (CDF) announced its 50th anniversary of providing inventory financing in Canada. Based in Mississauga, CDF employs more than 200 people and serves more than 3,800 businesses in all 10 provinces and three... Read Story

April 17, 2019, 08:50 AM

Bibby Financial Services recently completed four new deals totaling $1.9 million.Bibby Financial Services (BFS) provided $250K in funding for a South Carolina transportation company. With strong experience in trucking, the owners of this start-up... Read Story

April 12, 2019, 09:05 AM

Alvarez & Marsal (A&M) announced the launch of LeaseSCRE (pronounced "lease score"), a web-based tool that uses machine learning to estimate an incremental borrowing rate (IBR) curve. LeaseSCRE provides companies with a streamlined and efficient... Read Story

April 08, 2019, 09:00 AM

Pathlight Capital announced it is serving as the Administrative Agent on the recently funded $27.5 million last-out first lien ABL Term Loan facility to Dayton Superior, Inc., a manufacturer and supplier of products for medium to large contractors... Read Story

April 03, 2019, 09:00 AM

California Water Service Group (Group) announced it has entered into unsecured revolving credit facilities for the Group and its subsidiaries totaling $550 million for a term of five years. Of the total, $400 million is available to California Water... Read Story

April 02, 2019, 08:55 AM

AlixPartners announced that for the second year in a row it has earned a perfect score of 100% on the Human Rights Campaign (HRC) Corporate Equality Index (CEI), ranking AlixPartners among the HRC’s 2019 “Best Places to Work for LGBTQ Equality.”CEI... Read Story

April 01, 2019, 09:15 AM

A&G Realty Partners announced it managed property dispositions and occupancy-cost reductions on 4,762 sites with approximately 80.9 million square feet of space during 2018. Sales of owned properties and leases amounted to $570.8 million, while the... Read Story

April 01, 2019, 08:00 AM

BHI and Contemporary Healthcare Capital, LLC announced today the closing of a combined $9.525 million in loans to Townview Realty, LLC  for the acquisition of a 118-bed licensed skilled nursing facility located in Canonsburg, PA.  The $7.95 million... Read Story

March 27, 2019, 09:10 AM

The return of capital market volatility did not ruin the multiyear winning streak of JPMorgan Chase & Co. as the U.S. banking group topped the global investment banking league table of research firm Coalition yet again.Coalition ranks the leading 12... Read Story

March 25, 2019, 09:15 AM

Investors are increasingly seeking out rewarding opportunities that help feed the world, according to Peter Rockefeller.This view from the legendary family of investors supports the now almost universally recognized investment trend: Impact Investing... Read Story

March 25, 2019, 09:10 AM

Crestmark announced it provided more than $30.7 million in commercial financing to 88 businesses in the first half of March. Crestmark Equipment Finance provided $4,041,482 in five new lease transactions; Crestmark secured a total of $8,075,000 in... Read Story

March 20, 2019, 08:00 AM

Mergers & Acquisitions announced the eight winners of its 2018 M&A Mid-Market Awards, which recognize the leading dealmakers and deals that set the standard for transactions in the middle market.Among this year's winners, Monroe Capital was named... Read Story

March 18, 2019, 09:00 AM

The NFIB Small Business Optimism Index improved modestly in February, increasing 0.5 points to 101.7. Views about future business conditions and the current period as a good time to expand improved as did plans to make capital outlays.Earnings trends... Read Story

March 18, 2019, 09:00 AM

B. Riley Financial issued a statement in response to the Delaware Chancery Court's decision that Rent-A-Center Inc.'s termination of its Merger Agreement with affiliates of Vintage Capital Management, LLC ("Vintage") was valid."We are disappointed... Read Story

March 15, 2019, 08:00 AM

MidCap Business Credit announced they have closed on a new $7.5MM Senior Secured Credit Facility for TAB Products Co., LLC, a leader in the field of records and information management since 1950.  The fully committed Credit Facility matures in... Read Story

March 13, 2019, 08:00 AM

Crestmark secured a total of $1,700,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $1,829,207 in two new lease transactions; Crestmark Vendor Finance provided $5,074,866 in 48 new lease transactions; and the... Read Story

March 06, 2019, 09:00 AM

As trade continues to be a focus in the current policy debate, 37 percent of small business owners are reporting negative impacts of recent trade policy changes with Mexico, Canada, or China. The newly released data comes from the NFIB Research... Read Story

March 04, 2019, 09:00 AM

Republic Business Credit Provided a $6 million facility to West Coast private equity owned government contractor. When a sponsor-owned government contractor needed additional liquidity during the longest government shutdown in United States history... Read Story

February 28, 2019, 09:00 AM

J.P. Morgan announced that Commercial Banking is continuing to expand internationally in European and Asia-Pacific markets.  “We see a lot of opportunity for local corporations in these markets to grow, and they can benefit from working with a global... Read Story

February 27, 2019, 08:02 AM

Mark S. Indelicato was recognized by Continental Who's Who as a Pinnacle Professional in the field of Law in recognition of his role as Partner at Hahn & Hessen LLP.           With over thirty years of experience in the field of law, Indelicato is... Read Story

February 26, 2019, 07:00 AM

Hilco Global announced the launch of the Hilco Global Scholarship Program called “Hilco Scholars,” to be awarded to qualified candidates living in Chicago’s Little Village neighborhood.  The goal of the new scholarship program is to help prepare... Read Story

February 25, 2019, 08:00 AM

Mayer Brown announced that its highly regarded global Structured Finance practice group has launched a blog, Retained Interest. The firm’s newest blog is designed to keep clients informed about recent developments and other issues impacting... Read Story

February 25, 2019, 08:00 AM

Crestmark secured a total of $29,650,000 in ABL financial solutions for 11 new clients; Crestmark Equipment Finance provided $27,776,071 in 15 new lease transactions; Crestmark Vendor Finance provided $4,302,627 in 51 new lease transactions; and the... Read Story

February 22, 2019, 09:00 AM

Institutional investors in the Alternative Investments industry are driving efforts to improve gender diversity at the funds and portfolios they invest in, but recruiting, retaining and advancing women is still the biggest challenge, according to... Read Story

February 19, 2019, 10:17 AM

Hidden Harbor Capital Partners, an operationally focused private equity firm specializing in control investments in lower middle market companies, announced the close of its debut buyout fund. The fund closed at over $265 million, above its target... Read Story

February 05, 2019, 08:00 AM

Ascribe Capital LLC announced the closing of its fourth distressed private equity investment partnership, Ascribe Opportunities Fund IV, L.P. (Fund IV), with total capital commitments of $825 million.  The fund's global investor base includes leading... Read Story

February 04, 2019, 08:00 AM

Hilco Global announced that Thomas A. Greco, CEO Hilco Valuation and Industrial Services, will be honored by the financial services industry and recognized by National Jewish Health - the nation’s leading respiratory hospital - and is set to receive... Read Story

January 31, 2019, 08:31 AM

Alterna Capital Solutions, a specialty and alternative financing lender for small businesses experiencing growth, announced the deployment of more than $20 million during its first six months of operation beginning July 2018. The same time period saw... Read Story

January 31, 2019, 07:00 AM

Allied Affiliated Funding, a division of Axiom Bank, N.A., announced the following recently closed transactions:  $2,500,000 in Receivables Financing to a Texas-based based, woman-owned business that designs and manufactures BBQ grills, selling to... Read Story

January 23, 2019, 07:00 AM

White Oak Global Advisors, LLC announced it funded over $2.5 billion in loans in 2018. Since the company’s founding in 2007, White Oak has been a pioneer in providing flexible and efficient capital to small and middle market businesses globally.... Read Story

January 17, 2019, 08:00 AM

Abacus Finance Group, LLC, a provider of cash flow-based, classic senior debt financing for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, announced today that it served as Administrative Agent and Sole Lender in support... Read Story

January 15, 2019, 08:00 AM

Hercules Capital, Inc., a specialty finance company, announced its many select investment and operating highlights for 2018. “We completed a strong fourth quarter and culminated the year with total new investment commitments exceeding $1.21 billion... Read Story

January 08, 2019, 07:00 AM

The staff of ABL Advisor would like to extend Happy New Year wishes to all of our readers and advertisers. Thank you for your loyalty and goodwill throughout 2018! We look forward to working with you again in 2019! We will return with the Daily eNews... Read Story

December 28, 2018, 09:00 AM

The Conference Board – a member-focused think tank that provides trusted insights for what's ahead – announced the election of Ellen R. Alemany, Chairwoman and CEO of CIT Group, and Beth E. Mooney, CEO of KeyCorp, to its board of trustees.Alemany... Read Story

December 28, 2018, 08:00 AM

McGlinchey Stafford’s Creditors’ Rights, Financial Restructuring, and Bankruptcy practice has received the “Chapter 11 Reorganization of the Year” Award in the $10 million - $25 million category for its work on the Chapter 11 bankruptcy cases of... Read Story

December 26, 2018, 08:00 AM

CIT Group announced it will donate one and a half million meals this holiday season in partnership with Feeding America®, exceeding the original goal of its One Million Meals campaign by 50 percent. "Thank you to the customers, followers and... Read Story

December 21, 2018, 07:15 AM

The staff of ABL Advisor would like to extend our best wishes for a happy holiday season and our sincere thanks to all our readers and advertisers for your loyalty and goodwill throughout the year! We will return with the Daily eNews Blast on... Read Story

December 21, 2018, 07:00 AM

KPMG LLP, the U.S. audit, tax and advisory firm, launched a new technology-enabled solution for tax accounting designed to help small and mid-sized businesses comply with last year’s domestic tax reform legislation, under the banner of a new KPMG... Read Story

December 10, 2018, 08:00 AM

Balboa Capital is continuing its annual tradition of making the holidays a little brighter for adults and children in need. The company is supporting local nonprofit organizations with cash donations, canned food and children’s toys. “It’s the... Read Story

November 30, 2018, 07:00 AM

While the country enjoys unprecedented levels of small business optimism, access to credit will either boost or curtail economic growth within this high-impact sector, according to a new study. Gimme Credit: Faster, Simpler, Safer Credit for Main... Read Story

November 29, 2018, 08:00 AM

Ares Management Corporation announced that it has completed its conversion to a corporation under Delaware law and changed its name from Ares Management, L.P. to Ares Management Corporation. Since Ares had already elected to be taxed as a corporation... Read Story

November 26, 2018, 09:00 AM

PFF, LLC closed a $100 million capital raise and changed its name to Parabilis. Founded in 2013, by Dr. Edward Bersoff, the specialty financing company will continue in its mission to provide working capital funding to companies serving the U.S.... Read Story

November 16, 2018, 08:00 AM

Allied Affiliated Funding, a division of Axiom Bank, N.A., announced the closure of two transactions totaling $3.5 million: $1,500,000 in Invoice Factoring to a Texas and Pennsylvania based aviation services company that provides comprehensive... Read Story

November 09, 2018, 07:00 AM

FTI Consulting, Inc. announced that Tim McDonagh, a Senior Managing Director in the firm's Corporate Finance & Restructuring segment, has been named to the American Bankruptcy Institute's (ABI) 40 Under 40 Emerging Leaders in Insolvency list, which... Read Story

November 08, 2018, 09:00 AM

Bibby Financial Services (BFS) Canada  provided $2M in funding to a Toronto-based family-run business distributing safety apparel and supplies to retail and industrial companies throughout Canada and with suppliers located in China. The company... Read Story

November 02, 2018, 07:00 AM

AlixPartners, the global consulting firm, offered its congratulations to Carrianne Basler, a Managing Director in the firm’s Turnaround and Restructuring practice, upon her being named to the prestigious post of Chair of the 2018-2019 Executive Board... Read Story

October 31, 2018, 07:01 AM

Allied Affiliated Funding, a division of Axiom Bank, N.A. , announced the following recently closed transactions:  $1,500,000 in Invoice Factoring including a $100,000 Term Loan to a Florida-based, national market research data collection company.... Read Story

October 31, 2018, 07:00 AM

Balboa Capital, a leading independent financing company that specializes in small business loans, equipment leasing, and franchise financing, announced the results of its Q4 survey that was conducted to gauge the investment plans of small business... Read Story

October 24, 2018, 08:00 AM

Solar Capital Partners, LLC, a leading private credit manager with expertise across cash flow and asset-based senior secured financing solutions to U.S. middle market companies, announced that it has held the final closings for its SCP Private Credit... Read Story

October 22, 2018, 08:00 AM

Peter Lowney, President of First Business Capital Corp., announced the company recently closed and funded a $3,346,000 credit facility, including a revolving line of credit and equipment term loan for a metal fabricator in Wisconsin.  In a second... Read Story

October 18, 2018, 07:00 AM

Equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. and Commercial Funding Inc. has made the Business North Carolina Mid-Market Fast 40 List for the seventh year in a row. To... Read Story

October 16, 2018, 08:00 AM

Moore Colson, the 2017 number one ranked Best of the Best CPA and advisory firm in the United States by Inside Public Accounting, recently announced it was named Global Awards 2018 Corporate Renewal Advisory Firm of the Year by Finance Monthly. Moore... Read Story

October 11, 2018, 07:30 AM

Trinity Hunt Partners, a Dallas-based private equity firm, announced the final closing of Trinity Hunt Partners V, L.P. at its hard cap of $350 million in capital commitments. Due to significant demand from existing investors and strong interest from... Read Story

October 05, 2018, 08:00 AM

Spartan Capital, the Hudson Valley's premiere provider of small business funding, today announces a record month of funding for their new Middletown, NY location. So far in September of 2018, Spartan Capital has facilitated approximately 200... Read Story

September 21, 2018, 08:00 AM

Commercial Finance Partners announced that the company closed five SBA 7a Term Loans in August with a total funded volume of $9 million.  The requests ranged from debt refinancing, construction financing, and working capital- all borrowers received... Read Story

September 05, 2018, 07:00 AM

Sallyport Commercial Finance provided a $2,500,000 Accounts Receivable facility to a health services provider that focuses on comprehensive occupational screening and drug testing.  With a wealth of experience and a grasp on the latest technology... Read Story

September 04, 2018, 07:00 AM

Gibraltar Business Capital closed a $2 million line of credit for American Horticultural Supply, a distributor of horticultural products to nurseries and growers. Headquartered in Oxnard, California, the company primarily supplies growing media... Read Story

August 31, 2018, 07:00 AM

Presidential Financial Corporation announced it has provided $6 million in working capital facilities to Selinsky Force, LLC. Located in Canton, Ohio, Selinsky Force, LLC is an industrial contractor, primarily performing maintenance and repair work... Read Story

August 23, 2018, 07:00 AM

Gateway Trade Funding, a P/O and Trade Financing company, announced that we have recently completed the following purchase order transactions: $1MM PO facility to a US importer of handbags selling to major US retailers. $300,000 PO facility to a... Read Story

August 21, 2018, 08:00 AM

PayNet reports that the PayNet Canadian Small Business Lending Index (CSBLI) increased 3% from 126.5 in May 2018 to 130.5 in June, marking the sixth consecutive month of growth. Compared to the same month one year ago, the index is up 8%. “In a... Read Story

August 16, 2018, 08:00 AM

Magilla Loans, a search engine for loans which connects borrowers to banks without requesting personal information, announced the addition of Joseph Baratta (“Joe”), Global Head of Private Equity at Blackstone, to its Board of Directors. Joe will... Read Story

August 14, 2018, 08:05 AM

The International Factoring Association (“IFA”) announced the release of its new digital publication The Factoring Guide to Account Management. The book offers best practices drawn from industry experts on a myriad of business processes and contains... Read Story

August 13, 2018, 07:13 AM

Innovative Financing Solutions, a leading bank consulting and business advisory firm specializing in the development and implementation of government guaranteed loan programs for financial institutions across the U.S., announces the launch of their... Read Story

August 03, 2018, 08:00 AM

Gateway Trade Funding, a P/O and Trade Financing company, is happy to announce they provided a $1.5 Million PO Finance Facility to help a global sourcing company optimize cash flow for a large piece of new business. After receiving a large order from... Read Story

July 20, 2018, 07:00 AM

Gibraltar Business Capital recently closed two new credit facilities to assist businesses with growth and seasonal challenges. The first was a $2 million credit facility with Commoneo, a veteran-owned staffing company located outside of Detroit...