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News Stories (1104 Results) - Industry News

eCapital Corp. announced it has acquired UK-based specialty lender and factoring company Advantedge Commercial Finance. The acquisition will allow eCapital to continue building out its full suite of specialty lending solutions and geographically... Read Story

December 01, 2020, 08:50 AM

In the nine months since COVID-19 was declared a pandemic, Gibraltar Business Capital has remained committed to providing access to flexible, reliable and fast capital — closing 12 transactions and $130.5 million in new commitments. Credit facilities... Read Story

December 01, 2020, 08:45 AM

The Federal Reserve Board announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31.By backstopping critical short-term funding markets, these facilities are... Read Story

December 01, 2020, 08:36 AM

Financial institutions will be exposed to long-lasting economic scars from the coronavirus pandemic, which could affect ratings in the longer term, Fitch Ratings says. This is likely to be negative for the credit profiles of most banks and for US... Read Story

November 30, 2020, 09:10 AM

Stampede Drilling Inc. announced the closing of a loan facility in an amount of up to $2 million pursuant to a letter of offer dated October 28, 2020 with the Business Development of Canada ("BDC"). The BDC Facility has an interest rate equal to... Read Story

November 30, 2020, 08:50 AM

COVID-19 has stalled the emergence of new credit fund investment strategies and has pushed managers to focus on their existing credit platform products, according to a new report from global law firm Ropes & Gray.The report, “Challenges and... Read Story

November 25, 2020, 09:05 AM

Kredivo, the leading digital credit platform for retail borrowers across Indonesia, announced today that it has secured a debt facility of up to $100 million from Victory Park Capital (“VPC”), a leading global alternative investment firm, to fund... Read Story

November 25, 2020, 09:00 AM

The Merchant Opportunities Fund, a Vancouver-based diversified credit opportunities fund focused on prudently compounding capital over the long-term, today announced that it has closed a revolving debt facility with the Bank of Montreal ("BMO"). The... Read Story

November 25, 2020, 08:55 AM

Earlier this year, the American Institute of CPAs (AICPA) joined more than 170 organizations urging Congress to include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP) in its next... Read Story

November 24, 2020, 07:50 AM

SSG Capital Advisors announced that Teresa C. Kohl will be inducted as a Fellow in the 32nd Class of the American College of Bankruptcy. Kohl is one of 37 new Fellows, insolvency professionals who are being honored and recognized for their... Read Story

November 23, 2020, 08:29 AM

Mark Okada, Jack Yang, and Trey Parker Launch Value-Oriented, Durable-Alpha Asset Manager, Specializing in Private and Alternative Credit.Mark Okada, Jack Yang and Trey Parker, industry veterans and innovators in alternative credit investing, have... Read Story

November 20, 2020, 08:30 AM

Pike Street Capital, LLC, a Seattle-based private equity firm, has announced the closing of Pike Street Capital Partners, a $237 million fund that will focus on control investments in industrial technology businesses. Fund investors include leading... Read Story

November 20, 2020, 08:17 AM

B. Riley Financial announced the launch of B. Riley Financial Sponsors Group. The team will focus on developing and maintaining relationships with alternative capital managers, including private equity firms, family offices, sovereign wealth, credit... Read Story

November 19, 2020, 08:30 AM

The American Institute of CPAs (AICPA) and over 80 additional organizations have expressed concern about the new Paycheck Protection Program (PPP) “Loan Necessity Questionnaires.” The questionnaires (SBA Forms 3509 & 3510) were recently established... Read Story

November 19, 2020, 08:15 AM

The average net loss for portfolios of U.S. broadly syndicated loan (BSL) CLOs under Fitch's surveillance steadied in October at -1.4%, even while 2020 vintages reduced their average net gain, Fitch shows in its latest Monthly U.S. CLO Index. The... Read Story

November 19, 2020, 07:30 AM

Lawrence Financial Group funded more than $75 million in the third quarter of 2020. Despite Pandemic fears, Lawrence has been able to provide capital to several companies. Highlights of Third Quarter: $30 million to a manufacturer of adhesive... Read Story

November 19, 2020, 07:00 AM

Monroe Capital (“Monroe”) today announced that it has provided approximately $450 million in direct financing support to over 20 women and minority-owned businesses.Ted Koenig, President & CEO of Monroe Capital, commented, “We wanted to make known... Read Story

November 18, 2020, 09:00 AM

OakNorth, the next-generation artificial intelligence software business, today announces the successful deployment of its credit intelligence software with SMBC. The partnership with OakNorth will provide SMBC with superior insight into its... Read Story

November 18, 2020, 08:55 AM

Gordon Brothers, the global advisory, restructuring and investment firm, scales up its special situations lending and investment platform through the addition of half a dozen key industry veterans from leading lending institutions across the globe.... Read Story

November 16, 2020, 08:30 AM

The expiration of forbearance programs will lead to increased delinquencies in the absence of further government stimulus, Fitch Ratings says. The impact of forbearance measures on asset performance is explored in Fitch's new report Coronavirus... Read Story

November 13, 2020, 08:37 AM

Hilco Global has issued a midstream Q4 2020 report regarding the impact of the ongoing pandemic on the TV/Film/Broadcast and Concert/Theater/Tradeshow segments of the audio visual (AV) industry, and how the distinct challenges associated with each... Read Story

November 13, 2020, 08:08 AM

Secured Finance Network’s (SFNet’s) 76th Annual Convention, "This Way Forward," Nov. 17-19 will cover financial, economic and political disruptions that banks and finance companies must navigate in the midst of a pandemic and aftermath of a... Read Story

November 12, 2020, 08:15 AM

SG Credit Partners provided $3 million in a structured cash-flow facility to a sponsor-backed document scanning company that provides an array of workflow optimization services. The Company’s scanning service model, coupled with its cloud-based data... Read Story

November 11, 2020, 09:10 AM

Context Business Lending announced the closing of seven (7) new revolving lines of credit over the last five months.  These recent closings included a recent $20MM line to Universal Metals ("Universal") and parent company, Northwestern Holding... Read Story

November 11, 2020, 09:00 AM

Northpoint Commercial Finance (“Northpoint”), a North American diversified financial services company, has broadened its financing solutions to include asset-based lending for U.S.-based middle-market companies. Northpoint is a market leader in... Read Story

November 10, 2020, 08:30 AM

King Trade Capital’s Founder and Managing Partner, Edward King, will be the moderator and a panelist on the panel titled Disruption in Supply Chains & Mitigating Risks. The panel is scheduled for Thursday, November 17th at 10:15 AM CT during the... Read Story

November 10, 2020, 08:03 AM

In the wake of the COVID-19 pandemic, remote work has gone from being a perk offered by employers to standard operating practice for many companies. A survey of 2,053 U.S. adults conducted in October by The Harris Poll on behalf of the American... Read Story

November 09, 2020, 08:40 AM

Huntington Business Credit opened three new asset-based lending offices in Los Angeles, San Francisco and Portland, OR. The company also hired Tab French, Robert Alexander, Martin Valencia, David Lehner and John Kolb.French joined HBC as senior vice... Read Story

November 06, 2020, 04:00 PM

Callodine Group (“Callodine”), an asset management firm focused on yield-oriented investment strategies, announced that it has entered into a definitive agreement to acquire the loan portfolio and assume the employees and operating costs of Gordon... Read Story

November 06, 2020, 08:30 AM

Monroe Capital Corporation BDC announces third quarter 2020 financial results. Third Quarter 2020 Financial Highlights: Paid quarterly dividend of $0.25 per share; Current annual cash dividend yield to shareholders of approximately... Read Story

November 06, 2020, 08:10 AM

Gerber Finance is expanding its portfolio and client offerings with the launch of Gerber+. This new division will service businesses seeking a higher level of funding ranging from $10 to $25 million. Gerber Finance currently focuses on facilities up... Read Story

November 05, 2020, 08:30 AM

Bankrupt healthcare and food, beverage and consumer companies' relatively high reorganization multiples and stable cash flow profiles promoted mostly strong recoveries at the first-lien level, according to a new Fitch Ratings report."Healthcare and... Read Story

November 04, 2020, 09:10 AM

Executive and board director compensation practices have come under more scrutiny as a result of the pandemic. BDO USA, LLP has released two separate reports, one on CEO and CFO compensation and one on board compensation, which explore how... Read Story

October 30, 2020, 08:35 AM

Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $20,000,000 to Canadian Bearings Ltd. The credit facilities will provide refinancing of existing debt as well as working capital for the company... Read Story

October 30, 2020, 08:30 AM

Global business advisory firm EisnerAmper LLP and leading Real Estate technology consulting firm REdirect, Inc., have entered into a strategic alliance. This collaboration will leverage each firm’s deep resources and expertise to provide a holistic... Read Story

October 29, 2020, 08:18 AM

Old Hill Partners provided $8 million in the form of a senior secured revolving-to-term credit facility to a specialty finance company that provides working capital to small businesses in the form of merchant cash advances. The facility was secured... Read Story

October 28, 2020, 08:40 AM

Capitala Group, a leading provider of capital to lower middle market companies, announced today that it has made an investment in Mason West (the “Company”), the industry leader in engineered seismic restraint and vibration isolation products.... Read Story

October 26, 2020, 09:00 AM

Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree”) announced today that they have launched Encina Lender Finance, LLC (“ELF”), a new independent lender finance platform targeting... Read Story

October 22, 2020, 08:30 AM

Hilco Redevelopment Partners (HRP) announced that the company will invest hundreds of millions of dollars to decommission, demolish and remediate the former PES Refinery site, a site that has been a source of pollution for more than 150 years. HRP... Read Story

October 22, 2020, 07:40 AM

Fifth Third Bank announced its second equity investment in Bellwether Enterprise Real Estate Capital, LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (ECI). In addition... Read Story

October 22, 2020, 07:00 AM

Fitch Ratings’ sector outlook for business development companies (BDCs) is worsening for 2021, driven by the expectation for weaker asset quality metrics and the potential for valuation volatility as a result of the challenging economic backdrop... Read Story

October 21, 2020, 09:05 AM

BHI, a full-service commercial bank, announced that its Specialty and Sponsor Finance Group continued to maintain a high level of activity for new and existing clients during the peak of the global pandemic. The team’s most recent deals include a $55... Read Story

October 20, 2020, 08:20 AM

Pretium and a group of its investors and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation announced a strategic partnership to acquire Front Yard Residential Corporation, a leading provider of... Read Story

October 20, 2020, 08:10 AM

First Eagle Alternative Credit, LLC ("First Eagle"), a leading alternative credit manager with $21 billion of AUM, today closed Lake Shore MM CLO III (“Lake Shore III”) at $318 million. The offering represents First Eagle’s third collateralized loan... Read Story

October 19, 2020, 08:55 AM

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Texas based firm which provides repair and maintenance services to the petrochemical industry.  The proceeds are being used to fund the company’s... Read Story

October 19, 2020, 08:50 AM

Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups, today announced that it will launch a Capital Markets Strategy group to advise and equip C-suite audiences with insights to anticipate, understand, and respond to... Read Story

October 16, 2020, 08:15 AM

Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 14.9% and revenue growth of 1.1% during the first two months of the third quarter of 2020.Lawrence E. Golub, CEO of Golub Capital, said... Read Story

October 16, 2020, 08:11 AM

Fitch Ratings has published its updated criteria for CLOs and corporate CDOs. At the same time, Fitch has published a feedback report, detailing responses received in respect of the exposure draft for the criteria report.The final criteria removed... Read Story

October 16, 2020, 08:00 AM

The January 2021 launch of fallbacks for derivative contracts that reference Libor will still make it challenging for the industry to adopt new term rates referencing the Secured Overnight Financing Rate (SOFR) before Libor ceases to be quoted at end... Read Story

October 13, 2020, 09:00 AM

Goldman Sachs BDC (“GSBD” or the “Company”) announced that it has completed its previously announced merger with Goldman Sachs Middle Market Lending Corp. (“MMLC”). The transaction has more than doubled GSBD’s asset base to $3.5 billion and has... Read Story

October 13, 2020, 08:30 AM

Yieldstreet Private Business Credit (“PBC”), a provider of single and multi-tranche direct term loans to growing businesses and participations with specialty finance companies, banks, credit funds and private equity-backed companies has closed a... Read Story

October 13, 2020, 08:04 AM

Hilco Global, the world’s premier authority on asset valuation, monetization, and advisory services, announced that they have been retained to assist in the liquidation of U.S. and international operations for Shop-Vac.Shop-Vac was established in... Read Story

October 09, 2020, 08:59 AM

CVC Credit Partners announced that it has priced Apidos XXXIV, a Collateralized Loan Obligation (“CLO”) fund totalling $402.5 million. This is the second CLO fund CVC Credit has priced in the last month, following the pricing of Cordatus XVIII in... Read Story

October 09, 2020, 08:00 AM

CIT Group Inc. Chairwoman and Chief Executive Officer Ellen R. Alemany has received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina’s Darla Moore School of Business. The award honors building a... Read Story

October 08, 2020, 09:20 AM

Encina Business Credit, LLC announced that it has provided a $75 million senior secured revolving credit facility to a leading global provider of risk management and operational support services to government and commercial clients.The senior secured... Read Story

October 08, 2020, 09:15 AM

Citizens M&A Advisory served as the exclusive financial advisor to BV Investment Partners ("BV"), a Boston-based private equity firm focused on information and business services and communications industries, on its simultaneous acquisition of two... Read Story

October 08, 2020, 09:10 AM

The owners of The Second City, the world’s premier brand in improvisation and sketch-based comedy entertainment and education, announced plans today to sell the iconic brand’s diversified business. This is only the second time in the comedy empire’s... Read Story

October 07, 2020, 09:30 AM

Monroe Capital LLC (“Monroe”) was selected as the recipient of the 2020 Private Credit Strategy of the Year by the Pension Bridge Institutional Asset Management Awards. The award was presented to the firm’s Monroe Capital Senior Secured Direct Loan... Read Story

October 07, 2020, 09:20 AM

SG Credit Partners provided $2.5 million to an enterprise SaaS platform with Recurring Revenue of more than $8 million.  The company provides a complete end-to-end suite of CRM tools to clean, protect and enhance company and contact information... Read Story

October 07, 2020, 09:00 AM

HPS Investment Partners, LLC, a leading global investment firm with $65 billion in assets under management, today announced the closing of its Mezzanine Partners 2019 Fund (the "Fund") with total investable capital of over $11 billion, including... Read Story

October 06, 2020, 09:00 AM

CIT Group Inc. announced that its Asset-Based Lending business served as agent and sole lender on a $75 million revolving credit facility for Skillsoft, a global leader in learning and talent management solutionsBased in Boston, Massachusetts... Read Story

October 01, 2020, 08:50 AM

Alternative investment managers (Alt-IMs) are seeing various unexpected benefits as a result of the economic fallout of the coronavirus pandemic, with the outlook for interest rates in most major economies remaining low through 2023 expected to fuel... Read Story

October 01, 2020, 08:40 AM

White Oak Global Advisors, LLC announced it has entered a formal partnership with the Sustainability Accounting Standards Board (“SASB”), a global nonprofit founded to help businesses around the world identify, manage and report on a wide range of... Read Story

October 01, 2020, 08:30 AM

Blank Rome LLP announced that Partner Lawrence F. Flick, II was elected to the Secured Finance Network (“SFNet”) Executive Committee for 2021, which is comprised of key leaders in the secured finance industry who will guide the association, make... Read Story

October 01, 2020, 08:00 AM

Citizens announced that it is lead left arranger of a $125 million asset-based loan for Virginia Beach, VA-based Franchise Group, Inc. (Nasdaq: FRG).Franchise Group is an operator of franchised and franchisable businesses that continually looks to... Read Story

September 30, 2020, 09:00 AM

Ironwood Funding, a leading operator in underwriting and financing the purchase of non-performing consumer loans, today announced it has secured an additional $40 million credit facility from funds and co-investment vehicles managed by Medalist... Read Story

September 29, 2020, 09:10 AM

CIT Group Inc. announced the launch of a new commercial online banking platform, designed to maximize efficiency and agility for Community Association Banking customers. With new and enhanced features, the platform offers a robust suite of digital... Read Story

September 29, 2020, 08:45 AM

Widespread upward revisions of US corporate sector-level post-lockdown recovery assumptions that would lead to mass rating actions post-2Q20 results are unlikely, given the cautious outlook on the pace of economic activity and sector fundamentals... Read Story

September 28, 2020, 09:05 AM

Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, announced that QuadPay, the US-based payment installment platform, has secured a senior secured committed revolving line of... Read Story

September 25, 2020, 09:00 AM

Encore Capital Group, Inc., an international specialty finance company, announced that it has completed the implementation of its new global funding structure.“The completion of our new global funding structure is a pivotal event in the evolution of... Read Story

September 25, 2020, 08:00 AM

The American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, and fintech leader Biz2Credit announced they are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms... Read Story

September 23, 2020, 09:05 AM

Companies spent the equivalent of around $15 billion extra a week on technology to enable safe and secure home working during COVID-19, reveals the 2020 Harvey Nash/KPMG CIO Survey. This was one of the biggest surges in technology investment in... Read Story

September 23, 2020, 09:00 AM

Mike Sharkey, President, Fifth Third Business Capital recently announced his retirement following his highly successful career establishing and managing some of the most iconic businesses in the asset-based lending industry. In this exclusive... Read Story

September 22, 2020, 09:30 AM

Wolters Kluwer Lien Solutions has won four 2020 International Business Awards (IBA), including two Gold-level awards, as part of the renowned Stevie Awards program for innovation in the below categories: Best FinTech Solution: “iLien Motor Vehicle... Read Story

September 22, 2020, 09:00 AM

The TTM U.S. institutional term loan default rate is expected to finish higher for the ninth consecutive month, potentially reaching 4.6% from 4.3% at the end of August, according to a new Fitch Ratings report."September volume registers a modest $1... Read Story

September 21, 2020, 09:15 AM

The effect of COVID-19 on the asset-based lending (ABL) market became apparent in the second quarter as the industry’s most recent data reflect a 24.1-percent decline in total bank loans and 29.4-percent drop quarter over quarter in non-bank lending... Read Story

September 17, 2020, 09:10 AM

For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining the tech-savvy workforce needed to make it all happen, according to a new... Read Story

September 17, 2020, 09:00 AM

Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares”) announced the final closing of its inaugural Senior Loan Fund (“SLF”).The fund, which launched in December 2019, closed on September 14th... Read Story

September 17, 2020, 08:50 AM

Wingspire Capital Holdings has provided a $40 million commitment to XL Funding, LLC, a wholly-owned subsidiary of the XLerate Group.XL Funding provides floorplan loans to auto dealers in more than a dozen markets, and will use the funding to... Read Story

September 16, 2020, 09:05 AM

B. Riley Financial, Inc., a leading business advisory and financial services company,  announced it has adopted new brand names across its subsidiary companies to provide greater external consistency and affiliation among the diverse stakeholders it... Read Story

September 15, 2020, 09:05 AM

Gordon Brothers, the global advisory, restructuring and investment firm, has been engaged to sell silica mining and processing assets and plant equipment located in Arcadia, Wisconsin on behalf of Wisconsin Bank & Trust as secured lender.   The sale... Read Story

September 15, 2020, 08:50 AM

U.S. high yield default activity produced a modest $2.8 billion of volume since the end of July, the lowest level since the start of the coronavirus pandemic, according to a new Fitch Ratings report."The TTM default rate stands at 5.7%, up from 2.9%... Read Story

September 15, 2020, 08:00 AM

Most U.S. broadly syndicated loan (BSL) collateralized loan obligations (CLOs) under Fitch Ratings' surveillance showed stable or improving portfolio metrics in August compared with July, as rating pressure on underlying loan issuers eased and LIBOR... Read Story

September 14, 2020, 09:10 AM

Knowles Corporation, a provider of high-performance audio solutions, entered into a new Credit Agreement among the Company and one or more of its subsidiaries and a syndicate of other financial institutions including JPMorgan Chase Bank, N.A., as... Read Story

September 09, 2020, 08:45 AM

Malfitano Partners continues to grow the resources available to help its clients with liability management and restructuring needs by expanding and entering into an exclusive strategic alliance with The Branford Group, a premier industrial asset... Read Story

September 08, 2020, 08:30 AM

Strategic Data Center Fund Manager, LLC announced it has secured a revolving line of credit that converts into a permanent loan from Sunflower Bank. The credit facility will initially provide the ability to borrow up to $25,000,000. Over time, and... Read Story

September 08, 2020, 08:25 AM

Purple Innovation, Inc., a comfort innovation company known for creating the "World's First No Pressure™ Mattress," announced that it has executed a new five-year $100 million senior secured credit facility with a group of financial institutions led... Read Story

September 04, 2020, 08:50 AM

Business Development Corporation of America refinanced the $575.0 million syndicated revolving credit facility that it had entered into through a wholly-owned, consolidated special purpose financing subsidiary, BDCA Funding I, LLC ("Funding I"), with... Read Story

September 04, 2020, 08:45 AM

Main Street Capital Corporation announced that it recently completed a new portfolio investment to facilitate the minority recapitalization of Superior Rigging & Erecting Co., a leading provider of rigging, steel erection and crane & equipment rental... Read Story

September 02, 2020, 08:40 AM

Project finance in the United States has staged a vigorous recovery— aided by the ability of banks to provide liquidity, low funding costs, and a more liquid bond market—since the initial dampening effect of the COVID-19 pandemic, according to the... Read Story

August 28, 2020, 08:10 AM

Monroe Capital LLC announced the closing of a $406.27 million term debt securitization known as Monroe Capital MML CLO X, LTD. The term financing was Monroe’s fifth CLO completed since March 2018 and is secured by a portfolio of middle market senior... Read Story

August 27, 2020, 09:00 AM

New CMBS delinquencies for July 2020 totaled 283 loans ($8.05 billion) for a total of 871 ($20.1 billion) compared to 673 loans ($13.7 billion) as of June 30, 2020; some loans that were delinquent in June became current again in July. Hotel loans... Read Story

August 26, 2020, 08:54 AM

Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Fisher College of Business, announced results from its second-quarter Middle Market Indicator (MMI) report, within which there is a special segment on the... Read Story

August 26, 2020, 08:50 AM

Crestmark secured a total of $6,500,000 in ABL financial solutions for four new clients; Crestmark Equipment Finance provided $524,700 in one new lease transaction; Crestmark Vendor Finance provided $8,165,144 in 96 new lease transactions; and the... Read Story

August 25, 2020, 08:00 AM

CBL Properties announced that the Company has entered into a Restructuring Support Agreement (the “RSA”) with certain beneficial owners and/or investment advisors or managers of discretionary funds, accounts, or other entities (the “noteholders”)... Read Story

August 24, 2020, 08:10 AM

Wellfleet Credit Partners (“Wellfleet”), the performing credit business of Littlejohn & Co., LLC, announced the closing of Wellfleet CLO 2020-2, a $396.0 million collateralized loan obligation (CLO). Following the issuance of Wellfleet CLO 2020-2... Read Story

August 24, 2020, 08:00 AM

U.S. high yield defaults tally just $0.7 billion so far in August, a significant decline from the $12.8 billion monthly average over the past four months, according to a new Fitch Ratings report."August default volume could reach nearly $3 billion... Read Story

August 21, 2020, 09:10 AM

Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, provided its Third Quarter 2020 High-Yield and Bank Loan Outlook. Titled “The Impact of the Fed’s Corporate Credit Facilities,” the report... Read Story

August 21, 2020, 09:07 AM

ING Capital LLC ("ING") led a $235 million syndicated financing on behalf of Auramet Trading and Auramet International (collectively, "Auramet"), a well-regarded precious metals merchant. The deal closed on August 7, 2020. ING acted as Mandated Lead... Read Story

August 20, 2020, 09:05 AM

A recently completed economic impact study of Hilco Redevelopment Partners’ (HRP) proposed redevelopment of the closed former Philadelphia Energy Solutions (PES) refinery in South Philadelphia is projecting significant job creation and a positive... Read Story

August 20, 2020, 08:00 AM

CIVC Partners, L.P. ("CIVC"), a Chicago-based middle market private equity firm focused on investments in business services industries, is pleased to announce the firm's investment in iVision, in partnership with Gabe Damiani, David Degitz and the... Read Story

August 19, 2020, 08:50 AM

Commercial Finance Partners announced the closing of a $2,000,000 asset based loan for a national prescription drug supplier headquartered in Michigan.  The borrower, faced with restrictive bank covenants, sought out Commercial Finance Partners to... Read Story

August 17, 2020, 08:30 AM

CohnReznick LLP announced that Cynthia Romano and Chris Creger of its Restructuring & Dispute Resolution practice have been awarded the prestigious Turnaround Management Association (TMA) 2020 Turnaround and Transaction of the Year Award. The award... Read Story

August 14, 2020, 08:50 AM

Gordon Brothers has released an article that discusses the outcome of the Paycheck Protection Program (PPP), including its impact on individuals, firms and lenders, as well as its aid for sectors most challenged by the COVID-19 pandemic. In the... Read Story

August 14, 2020, 08:27 AM

Monroe Capital LLC was selected as the recipient of the 2020 Best U.S. Direct Lending Fund by Creditflux, a London-based global publication and leading information source for the rapidly evolving market for credit funds and CLOs. The award was... Read Story

August 13, 2020, 08:55 AM

As the initial shockwaves of the global pandemic subside, middle market sponsors and lenders have proven supportive of their portfolio companies as the financial challenges caused as a result of stay-at-home orders began to crystalize, according to... Read Story

August 13, 2020, 08:45 AM

BNP Paribas, a premier global bank, announced that it has closed a $100 million syndicated Revolving Credit Facility (“RCF”) structured as a sustainability-linked loan (“SLL”) with Empresas CMPC S.A. (“CMPC” or the “Company”), a Chilean pulp and... Read Story

August 13, 2020, 08:15 AM

TCF National Bank announced the successful completion of its integration with Chemical Bank, creating a strong foundation to strengthen individuals, businesses and the community. TCF retired the Chemical brand and unveiled its new brand platform and... Read Story

August 11, 2020, 07:45 AM

Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $1.7 billion in commitments across 24 transactions during the second quarter and approximately $4.4 billion in commitments across 64 transactions... Read Story

August 06, 2020, 09:19 AM

SG Credit Partners provided $2.5 million in working capital to a privately owned consumer debt collection agency.The Financing Situation: The Company needed capital quickly to move on opportunistic portfolio purchases as well as working capital... Read Story

August 05, 2020, 08:45 AM

More than half (58 percent) of small business owners (SBOs) report they expect their revenue to decrease in 2020, even though 47 percent stated they did not have to close for any amount of time during the COVID-19 pandemic, according to results of TD... Read Story

August 05, 2020, 08:00 AM

The continued deterioration in credit quality of issuers due to the coronavirus pandemic resulted in a large number of U.S. middle market (MM) CLOs failing a variety of tests for the first time in 2Q20, according to Fitch Ratings' latest U.S. MM CLO... Read Story

August 04, 2020, 08:55 AM

Funds managed by Crestview Partners ("Crestview") announced an investment into Upwell Water LLC ("Upwell Water" or the "Company"), a San Francisco-based, water-focused specialty finance company. Upwell Water was founded to create one of the world's... Read Story

July 31, 2020, 08:25 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Hy-Ko Products Company ("Hy-Ko" or the "Company") in the sale of substantially all of its assets to Midwest Fastener Corporation. The transaction closed in July 2020. Headquartered... Read Story

July 31, 2020, 08:17 AM

East West Bank and one participating lender closed on an $80 million capital call line of credit for Star Mountain Diversified Credit Income Fund III, LP (“SM3”), a fund that invests in small and medium-sized private businesses in the United States.... Read Story

July 31, 2020, 08:05 AM

ABL Advisor released a new video interview featuring Doug Winget, President, Huntington Business Credit who discusses the unique challenges the economy is presenting middle-market borrowers and asset-based lenders. Winget also discusses the... Read Story

July 31, 2020, 07:40 AM

The COVID-19 pandemic is changing how consumers and businesses interact with financial institutions and new research shows that this trend will likely be permanent.According to the results of Citizens Bank’s inaugural Banking Experience Survey, half... Read Story

July 30, 2020, 08:20 AM

Fitch Ratings' review of nearly 180 global non-bank financial institutions (NBFIs) since March in response to the coronavirus pandemic found balance-sheet intensive business models face greater pressure in 2020 than more balance-sheet light... Read Story

July 28, 2020, 09:00 AM

Equifax has increased its leadership in commercial credit data solutions with the acquisition of Ansonia Credit Data (Ansonia), a leading provider of business credit, collections, and account receivable data used by financial institutions and other... Read Story

July 27, 2020, 09:00 AM

Balboa Capital surveyed business owners to find out how many companies switched to remote work models due to the COVID-19 pandemic, and to see how effective the results have been. The survey, which was sent to a sample of small business owners in a... Read Story

July 27, 2020, 07:00 AM

Gordon Brothers, the global advisory, restructuring and investment firm, has released an article that discusses the United States-Mexico-Canada trade agreement (USMCA) and outlines some of its most important implications for asset valuation.On the... Read Story

July 24, 2020, 09:05 AM

George Souri, CEO of LQD Business Finance, a Chicago based tech-enabled commercial lender has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and... Read Story

July 23, 2020, 09:10 AM

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced that it has renewed and expanded its senior secured credit facility for Mersino Management, providing an additional $5.1 million of... Read Story

July 16, 2020, 08:00 AM

ABL Advisor released a new video interview featuring Kathleen Lepak, Asset Based Lending Business Director, People’s United Business Capital, who discusses the challenges faced by credit underwriting and portfolio management teams in the COVID-19... Read Story

July 15, 2020, 09:00 AM

Nomad Royalty Company Ltd. announced that it has entered into an agreement with The Bank of Nova Scotia, Canadian Imperial Bank of Commerce (CIBC) and The Royal Bank of Canada  (RBC) for a $US50 million revolving credit facility with the option to... Read Story

July 15, 2020, 08:50 AM

NetCents Technology Inc., a cryptocurrency payments technologies company, provide further information regarding the institutional credit facility that it received totaling $1.4 billion to power merchant settlements.NetCents has partnered with Bison... Read Story

July 13, 2020, 08:00 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to PQ New York, Inc. and Subsidiaries d/b/a Le Pain Quotidien USA ("LPQ U.S." or the "Company") in the sale of select U.S. assets to Aurify Brands, LLC ("Aurify Brands"). The sale was... Read Story

July 10, 2020, 08:55 AM

Ryan Davis, Managing Director of Valuation Services at Tiger Group, has been named a ‘40 Under 40’ recipient in the 2020 awards program from The Secured Finance Network (SFNet), the professional association of the secured lending industry.“The SFNet... Read Story

July 10, 2020, 08:50 AM