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News Stories (1007 Results) - Industry News

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

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...