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News Stories (1226 Results) - Industry News

Cerebro Capital, a commercial loan platform, released its Q1 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results are paired with the Federal Reserve's 1Q21 survey of commercial banks to illustrate a... Read Story

May 10, 2021, 08:19 AM

Bloomberg reported that defaults in the U.S. private credit market fell in Q1 2021 as the nation’s abating pandemic triggered a surge in economic growth, and investors hunting for yield grew more willing to finance struggling companies.According to... Read Story

May 10, 2021, 07:19 AM

Monroe Capital has become a signatory to the United Nations-supported Principles for Responsible Investment (“PRI”) as part of its ongoing commitment to environmental, social and corporate governance (“ESG”) principles. The PRI works to understand... Read Story

May 06, 2021, 07:32 AM

CIT Group won two Stevie® Awards for business excellence in the 19th Annual American Business Awards®. The awards include a Gold award for Company of the Year in Banking and a Silver award for Corporate Social Responsibility Program of the Year."CIT... Read Story

May 06, 2021, 07:00 AM

The All Stars Project of Chicago (ASP of Chicago), a nonprofit organization that sponsors innovative Afterschool Development programs for inner-city youth in Chicago, announced that veteran business and philanthropic leader Ben Nortman, Executive... Read Story

May 05, 2021, 07:52 AM

IDS announced it added four new customer wins during first quarter of 2021. They include two start-up equipment finance operations; Metropolitan Capital, a universal bank expanding into asset-based lending (ABL); and a top five U.S. bank, which... Read Story

May 04, 2021, 07:22 AM

SSG Capital Advisors acted as the investment banker to South Moon Sales, Inc., d/b/a South Moon Under in the sale of substantially all of its assets to an affiliate of Ames Watson LLC. The transaction was effectuated through Article 9 of the Uniform... Read Story

April 30, 2021, 07:30 AM

Jefferies Credit Partners announced the expansion of its capital formation capabilities and its investor relations team with the addition of two senior hires. Jefferies Finance is a joint venture of Jefferies Financial Group and MassMutual.Charles... Read Story

April 29, 2021, 08:13 AM

IDS, a leading provider of enterprise mission-critical solutions for the secured finance industry, recently completed its annual System and Organization Controls (SOC) audit and received validation reports for SOC 1® Type 2, SOC 2® Type 2 and SOC 3®.... Read Story

April 29, 2021, 07:35 AM

Hilco Industrial Acquisitions, an Amsterdam-based Industrial Asset Disposition and Acquisition Company, acquired all Machinery & Equipment from the Swiss-based CMO Legacy Pharmaceuticals. After several years of expansion, the Swiss company was forced... Read Story

April 29, 2021, 07:03 AM

The 2021 institutional loan default rate forecast has been lowered to 2.5% from 4.5%, according to a new Fitch Ratings report."Operating conditions are starting to improve due to the ramp-up in coronavirus vaccinations and the easing of restrictions... Read Story

April 27, 2021, 08:10 AM

IDS, a leading provider of enterprise mission-critical solutions for secured finance announced the Metropolitan Capital Bank & Trust has selected IDS ABL to support their small to medium business customers access to working capital through an easy to... Read Story

April 27, 2021, 08:05 AM

The Risk Management Association (RMA) and Finastra announced a strategic initiative to advance commercial banking risk rating frameworks for U.S. financial institutions. Through this partnership, RMA Dual Risk Rating scorecards will be available... Read Story

April 26, 2021, 07:30 AM

MidCap Financial raised more than $800 million of new equity from a diverse group of global investors that included Apollo clients, including Athene as well as pensions, sovereign wealth funds and other leading institutions.Proceeds from the raise... Read Story

April 23, 2021, 08:00 AM

Gordon Brothers and Ritchie Bros. have created a formal joint venture, the Gordon Brothers & Ritchie Bros. Alliance. The Alliance provides end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in... Read Story

April 23, 2021, 07:09 AM

TrueRate, a debt placement marketplace that optimizes the commercial real estate lending experience by creating true markets in real time, announced its public launch into the market. With a number of the top lenders in the United States as partners... Read Story

April 21, 2021, 07:27 AM

US Capital Global announced the group’s continued international expansion with a new office about to open in Abu Dhabi, providing a gateway to the Middle East. The Abu Dhabi branch is due to open next month, following US Capital Global’s recent... Read Story

April 20, 2021, 08:15 AM

SSG Capital Advisors acted as the investment banker to New Hampshire Plastics, LLC in the sale of substantially all of its assets to Grimco, Inc. (“Grimco”). The transaction closed in March 2021.New Hampshire Plastics is a leading manufacturer of... Read Story

April 16, 2021, 07:44 AM

Great Rock Capital announced the upsize of its leverage facility with KeyBank. The upsized facility includes the addition of new partners Huntington National Bank, First Foundation Bank, and Hitachi Capital America Corporation.“In executing the plan... Read Story

April 15, 2021, 08:06 AM

LBC Credit Partners announced the final closing of LBC Credit Partners V, L.P. (“LBC V”), and a fund raised contemporaneously adding $808 million of equity commitments to the firm’s capital base. To date, LBC V has funded 28 investments and with... Read Story

April 15, 2021, 07:42 AM

eCapital Corp. achieved substantial growth in 2020 and consolidated a total of eight acquired entities into a simplified corporate structure.    In its 2020 growth surge eCapital provided its clientele access to over $4 billion in financing across 80... Read Story

April 14, 2021, 07:21 AM

For decades, both Ritchie Bros. and Rouse Services have been serving the equipment and truck industries with their respective appraisal businesses. With Ritchie Bros.' acquisition of Rouse last year, the company has now combined these two appraisal... Read Story

April 14, 2021, 07:09 AM

Commercial and specialty finance veterans Mark Seigel, Evan Nadler and Tony Liobis announce the launch of Crown Partners, an independent advisory firm specializing in $5 to $75 million senior credit facilities and loan products for U.S. companies in... Read Story

April 13, 2021, 08:00 AM

Mitsubishi UFJ Lease & Finance Co., Ltd. (MUL) and Hitachi Capital Corporation (HC) have merged to form Mitsubishi HC Capital Co., Ltd.As a result of this merger, Mitsubishi HC Capital will be one of the largest global players in the industry in... Read Story

April 13, 2021, 07:49 AM

Getzler Henrich's Mark D. Podgainy is participating on a panel hosted by the American Bankruptcy Association at its Annual Spring Meeting 2021 entitled "Dealing with the Insolvent or Near-Insolvent Hotel Debtor — Debtor and Creditor Perspectives... Read Story

April 13, 2021, 06:54 AM

Golub Capital BDC originated $234.7 million in new middle-market investment commitments during the three months ended March 31, 2021. Approximately 75% of the new middle-market investment commitments were one stop loans, 24% were senior secured loans... Read Story

April 09, 2021, 07:55 AM

Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, announced it has entered into a definitive agreement to merge its subsidiary Blue Chip Leasing Corporation with Vault Credit... Read Story

April 08, 2021, 06:00 AM

IDS, a leader in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a leading provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets. The two... Read Story

April 07, 2021, 08:02 AM

Jaguar Freight, a leading global freight forwarder and U.S-based NVOCC., together with King Trade Capital, the largest purchase order finance company in the U.S., have announced the addition of a new trade and purchase order finance solution to... Read Story

April 06, 2021, 07:00 AM

Bank of America acquired Axia Technologies (“AxiaMed”), an industry-leading health care payment and technology company focused on facilitating secure patient payments.The acquisition will deepen and expand Bank of America’s payment offerings for... Read Story

April 05, 2021, 07:24 AM

Horizon Technology Finance Management, advisor for Horizon Technology Finance Corporation, announced that on March 4, 2021 it entered into an agreement with Waterfall Asset Management, LLC to originate and manage a venture debt portfolio. Horizon... Read Story

April 02, 2021, 06:35 AM

CapitalPlus Construction Services launched a new Materials Financing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital.“The cash flow of companies in the construction... Read Story

March 29, 2021, 07:30 AM

The March trailing 12-month institutional leveraged loan default rate stands at 3.9%, according to a new Fitch Ratings report."The current 2021 forecast is 4.5%, but if market access remains as open and issuer-friendly as it has been, the rate will... Read Story

March 24, 2021, 08:00 AM

Wells Fargo entered into a definitive agreement to sell its Corporate Trust Services (CTS) business to Computershare. The transaction is expected to close in the second half of 2021, subject to customary closing conditions. Under the terms of the... Read Story

March 24, 2021, 07:42 AM

The Office of the Comptroller of the Currency (OCC) selected Kelly Skalicky, CEO and president, Stearns Bank along with six additional new committee members, to serve on its Minority Depository Institutions Advisory Committee (MDIAC). The primary... Read Story

March 24, 2021, 07:30 AM

Antares launched its fifth annual outlook survey, Compass 2021 presenting analysis of perspectives on the middle market from portfolio companies, private equity sponsors and investors.The report suggests confidence in the U.S. economy and private... Read Story

March 23, 2021, 07:42 AM

Bloomberg reported that Credit Suisse CEO Thomas Gottstein signaled he would consider further separating the asset-management unit from the rest of the bank after the Greensill Capital collapse. According to the Bloomberg report, Credit Suisse is... Read Story

March 22, 2021, 08:15 AM

Oaktree Specialty Lending Corporation announced the closing of the previously announced merger with Oaktree Strategic Income Corporation (“OCSI”), with OCSL as the surviving company. Based on December 31, 2020 financial information, the combined... Read Story

March 22, 2021, 07:58 AM

Bryant Park Capital announced that Healthcare Funding Partners, LLC (HFP) recently closed on a senior secured debt transaction with a global asset management firm with more than $100 billion in assets under management.BPC served as the exclusive... Read Story

March 19, 2021, 07:50 AM

Citizens M&A Advisory served as the exclusive financial advisor to trustaff Management, Inc. and CardioSolution on their recapitalization by Cornell Capital and Trilantic North America, two New York-based private equity firms.Founded in 2002... Read Story

March 19, 2021, 07:00 AM

The first quarter Phoenix Management “Lending Climate in America” survey results reveal the third stimulus package will cause inflationary pressure in the U.S. economy.The third stimulus package includes nearly $2 trillion in coronavirus relief funds... Read Story

March 18, 2021, 08:15 AM

SSG Capital Advisors acted as the investment banker to Utica Leaseco on the sale of the assets of Alta Devices (Alta) to Ubiquity Solar Inc. The assets included intellectual property, research and development, production equipment, and inventory. The... Read Story

March 17, 2021, 08:00 AM

Stonebriar Commercial Finance is celebrating its sixth anniversary this week, having closed another record year with new funded volume of $1.43 billion in structured leases and loans, and driving a 36% year-over-year increase in operating income.... Read Story

March 17, 2021, 07:30 AM

Citizens M&A Advisory served as the exclusive M&A advisor to Tube Processing Corporation in its sale of its Commercial Tube Processing Division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners. Established in 1974, CTP is a... Read Story

March 17, 2021, 07:00 AM

Fourshore Partners acquired a majority stake in Genesis Capital Finance, a specialty finance company that provides commercial loans to independent owner operators in the long-haul trucking industry.Established in 2011, Genesis Capital Finance has... Read Story

March 15, 2021, 07:54 AM

Aiming to improve the returns to creditors from inefficient and slow asset auctions, Revitalization Partners has developed a proprietary new digital marketing system to augment its expertise in corporate restructuring and receiverships. RP’s Asset... Read Story

March 12, 2021, 07:30 AM

NXT Capital announced the final closing on NXT Capital Senior Loan Fund VI (L), LP (SLF VI Levered or the Fund). SLF VI Levered will have approximately $1 billion in fund capacity from equity commitments combined with expected leverage. The addition... Read Story

March 11, 2021, 08:05 AM

36th Street Capital Partners announced the successful securitization of equipment loans and leases through a private loan transaction with pension and insurance companies as lenders. The Transaction involves the securitization of $138 million of... Read Story

March 11, 2021, 08:00 AM

Cerberus Capital Management announced that its middle-market direct lending platform, Cerberus Business Finance, completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV (“Fund IV”). Fund IV closed with $2.4... Read Story

March 10, 2021, 08:10 AM

Monroe Capital was selected as the recipient of three Private Debt Investor (“PDI”) awards, including the 2020 Lower Mid-Market Lender of the Year; Lender of the Year; and CLO Manager of the Year awards, in the Americas. PDI is a global independent... Read Story

March 09, 2021, 08:15 AM

Hilco Streambank successfully facilitated the private sale of substantially all of the assets of Varentec to Sentient Energy, a subsidiary of Koch Engineered Solutions (KES). The acquisition included all of Varentec's intellectual property, inventory... Read Story

March 09, 2021, 07:30 AM

Bloomberg reported the Federal Reserve and other bank regulators are signaling new warnings for the U.S. economy, stating businesses hardest hit by Covid-19 are sitting on $1 trillion of debt and a high percentage of the debt is at risk of going bust... Read Story

March 05, 2021, 07:42 AM

Hilco Global announced the completion of its “Hilco Helps Warm the Winter” coat giveaway campaign by donating an additional 3,500 brand new winter coats to underserved residents in Jersey City, NJ and throughout the Little Village neighborhood in... Read Story

March 05, 2021, 07:20 AM

Monroe Capital announced that it has sold a passive minority equity stake to Bonaccord Capital Partners (“Bonaccord”), a division of Aberdeen Standard Investments (“ASI”). Terms of the investment were not disclosed. Bonaccord's investment will... Read Story

March 03, 2021, 08:00 AM

Context Business Lending announced the launch of its official E-Commerce Division. With online retail sales skyrocketing as a result of the Pandemic, many E-commerce companies and distribution centers have found themselves without viable working... Read Story

March 02, 2021, 08:00 AM

Mitsubishi UFJ Financial Group (MUFG) acted as a structuring lead on Starwood Property Trust Inc.'s first project finance collateralized loan obligation (CLO) – STWD 2021-SIF1.The deal also represents MUFG's first structuring lead mandate on a... Read Story

March 02, 2021, 07:15 AM

Limbach Holdings entered into new credit agreements led by Wintrust Financial, together with a syndicate of commercial financial institutions. The Credit Facilities consist of a $25.0 million revolving credit facility (including a $5.0 million letter... Read Story

February 26, 2021, 07:35 AM

Solar Capital Partners announced that it will change its name to SLR Capital Partners (“SLR” or “the Advisor”), effective February 25, 2021. The new name, which utilizes a common brand across its affiliates and specialty finance investment teams... Read Story

February 25, 2021, 08:09 AM

An affiliate of Peak Rock Capital, a leading middle-market private investment firm, announced that it has partnered with Neptune Financial ("NepFin") to expand capital access and provide financing solutions to middle market and growth-oriented... Read Story

February 25, 2021, 06:19 AM

B. Riley Financial announced the addition of a Compliance, Risk and Resilience practice to its financial consulting division, B. Riley Advisory Services. Scott Corzine and Duane Lohn join B. Riley Advisory Services to lead a team of experienced risk... Read Story

February 24, 2021, 08:10 AM