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News Stories (1054 Results) - Industry News

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. Most of the loans were... Read Story

May 22, 2020, 09:10 AM

Sprague Resources LP, the parent company of Sprague Operating Resources LLC and Kildair Service ULC, announced the signing of a second amended and restated senior secured credit agreement with MUFG Bank, LTD, as Administrative Agent, MUFG Bank LTD.... Read Story

May 22, 2020, 09:00 AM

Cohere Capital Partners (“Cohere”), a Boston-based private equity firm focused exclusively on middle market growth companies, announced the successful closing of its debut fund, Cohere Capital Fund I, LP (the “Fund”) at $200 million. The Fund closed... Read Story

May 19, 2020, 09:15 AM

In the coming weeks and months, financial institutions will start to receive an influx of loan forgiveness applications as a result of the U.S. government’s Paycheck Protection Program (PPP). The PPP allocated billions of dollars in federally... Read Story

May 19, 2020, 09:10 AM

Stellus Capital Investment Corporation announced that it has increased commitments under its revolving credit facility  to $230 million, extended the commitment termination date of the Facility to March 10, 2021, and amended certain covenants and... Read Story

May 18, 2020, 09:15 AM

1st Commercial Credit has contracted seasoned bankruptcy attorneys to expedite DIP Financing request with an average funding time frame under 2 weeks.Raul Esqueda, President of 1st Commercial Credit says, "I am seeing many companies struggling with... Read Story

May 18, 2020, 09:10 AM

Cushman & Wakefield plc announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC, plans to conduct an offering of up to $400,000,000 in aggregate principal amount of senior secured notes due 2028 (the “Notes”) in a... Read Story

May 18, 2020, 09:00 AM

A survey of trends in U.S. middle market lending conducted by Carl Marks Advisors found that a significant majority of respondents believe the lending markets will reopen for well-capitalized companies by the end of 2020, but less than a third... Read Story

May 15, 2020, 09:00 AM

U.S. broadly syndicated loan (BSL) CLOs under Fitch Ratings' surveillance had noticeable portfolio-quality erosion and concentration limit excesses in April 2020, Fitch shows in its inaugural Monthly U.S. CLO Index. In just one month - since March... Read Story

May 14, 2020, 09:10 AM

Negative interest rates are coming and investors will now be looking to bolster their portfolios to "get ahead of the curve and build wealth," says the CEO and founder of one of the world’s largest independent financial advisory organizations.deVere... Read Story

May 12, 2020, 09:10 AM

Ares Australia Management (AAM), the strategic joint venture between one of the leading global credit and alternative investment managers Ares Management Corporation and Fidante Partners, launched its first Australian product, the Ares Global Credit... Read Story

May 12, 2020, 09:00 AM

The NFIB Research Center released a survey on the small business loan programs. Small business owners were asked about the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) programs. The PPP is very popular among small... Read Story

May 08, 2020, 09:15 AM

Crestmark is pleased to announce they have funded more than $215 million for small businesses through the Paycheck Protection Program (PPP), part of the SBA CARES stimulus package. More than 670 small businesses were funded by Crestmark as part of... Read Story

May 08, 2020, 09:00 AM

Marriott International announced it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. (“Chase”) and American Express. These amendments will provide the company with $920 million of cash, further enhancing... Read Story

May 07, 2020, 09:15 AM

Orange Bank & Trust Company announced the successful processing of over 700 small business loan applications for local business customers, totaling more than $100 million.  These applications were funded under the federal Paycheck Protection Program... Read Story

May 06, 2020, 08:56 AM

First Financial Northwest Bank employees ended their “#30nonprofitsin30days” fundraising campaign on May 1, 2020 with a grand total of $50,820 to be divided among 30 nonprofits throughout King, Snohomish, and Pierce Counties.Employees nominated 30... Read Story

May 06, 2020, 08:30 AM

Capitala Group, a leading provider of capital to lower middle market companies, announced today that the United States Small Business Administration (SBA) issued a “green light1” approval letter inviting Capitala Group to submit a small business... Read Story

May 05, 2020, 09:00 AM

The fourth release of PwC’s COVID-19 CFO Pulse Survey reveals 77 percent of U.S. chief financial officers (CFOs) anticipate changing workplace safety measures upon returning to on-site work. As employers focus on protecting employees, 65 percent... Read Story

May 04, 2020, 09:10 AM

Samsonite International S.A., the world's best-known and largest lifestyle bag and travel luggage company, announced it has completed the syndication and allocation of a new term loan borrowing and amended its credit agreement to provide financial... Read Story

May 04, 2020, 09:05 AM

Banco Santander announced the completion of its purchase of a c.50.1% stake in Ebury, one of the best international payment, FX and international cash management platforms for SMEs, after obtaining all regulatory approvals from the required... Read Story

April 29, 2020, 08:45 AM

BMO Financial Group today announced a donation of $100,000 to charities in Nova Scotia to help communities affected by the recent tragedy."Communities across the province are coping with the horrifying aftermath of these events, and we are here to... Read Story

April 28, 2020, 08:00 AM

LGB Corporate Finance announced that it has arranged a £20 million Medium Term Note (MTN) program for Simply Asset Finance, a leading private equity backed specialist asset finance provider. The facility will enable Simply Asset Finance to expand its... Read Story

April 27, 2020, 09:15 AM

Wereldhave N.V. announced the launch of the Green Financing Framework and has agreed under this framework a new Green Revolving Credit Facility of €100 million with ABN AMRO Bank N.V. as a sole lender.Dennis de Vreede, CFO of Wereldhave:... Read Story

April 24, 2020, 09:10 AM

Lendsmart and Griffin Technologies, two fintech companies building software for banks and credit unions, have partnered to provide their customers a complete end-to-end solution for the Small Business Association’s (SBA) Paycheck Protection Program... Read Story

April 22, 2020, 09:10 AM

BMO business clients can apply for financial relief measures offered jointly with Export Development Canada (EDC), as part of the Government of Canada's Business Credit Availability Program. To apply for the EDC relief program, business clients must... Read Story

April 20, 2020, 08:00 AM

The Federal Reserve on Thursday announced that its Paycheck Protection Program Liquidity Facility is fully operational and available to provide liquidity to eligible financial institutions, which will help support small businesses.The Small Business... Read Story

April 17, 2020, 09:15 AM

OnDeck announced it is partnering with a top SBA lender to serve small business owners seeking funding under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP).  “OnDeck recognizes that operating a small business during the... Read Story

April 14, 2020, 09:15 AM

Survey results published today by the Association for Corporate Growth (ACG), a worldwide network of 90,000 middle-market professionals, show a devastating impact if Congress votes to again exclude lower middle-market companies, majority-owned by... Read Story

April 10, 2020, 09:15 AM

The approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4% from a post-recession high of 28.3% in February 2020, according to the Biz2Credit Small Business Lending Index.“This is a... Read Story

April 08, 2020, 09:00 AM

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