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News Stories (975 Results) - Industry News Inc. (SDC) entered into an Amended and Restated Credit Agreement, dated as of June 29, 2020, by and among SDC, Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and Bank of America, N.A., the lenders from time to time... Read Story

July 06, 2020, 08:00 AM

ABL Advisor released a new video interview featuring Michael Haddad, President, Capital Finance, Sterling National Bank. In this exclusive interview, Haddad discusses how new approaches to working with middle-market borrowers remotely can strengthen... Read Story

July 01, 2020, 08:45 AM

East West Bank and four participating lenders closed on a 2-year $130 million senior unsecured revolving line of credit for Los Angeles-based broker dealer and investment firm Wedbush Securities Inc.The new facility refinances an existing $85 million... Read Story

June 30, 2020, 08:29 AM

White Oak Commercial Finance LLC, an affiliate of White Oak Global Advisors LLC announced it provided an $81MM asset-based credit facility to the Aspire 42 group of companies; majority owned by Moss Ridge, a Sydney-based family office that manages a... Read Story

June 29, 2020, 08:29 AM

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for an international occupational health services company based in Texas. The proceeds were used to refinance existing bank debt and support additional... Read Story

June 29, 2020, 08:00 AM

White Oak Global Advisors, LLC, reiterated its commitment to responsible credit investing by dedicating additional resources to deploy capital in senior-secured, non-sponsored debt investments in companies that are focused on environmental and social... Read Story

June 25, 2020, 09:00 AM

Santander Bank announced that its Commercial Banking division acted as joint lead arranger for a $175 million term loan and $50 million revolver to Purolite Corporation ("Purolite") to facilitate additional spending on capital projects and enhance... Read Story

June 24, 2020, 09:05 AM

Ares Management Corporation, a leading global alternative investment manager, announced today the final closing of its Ares Special Opportunities Fund, L.P. (together with its parallel vehicles, “ASOF” or the “Fund”). The Fund was significantly... Read Story

June 22, 2020, 09:10 AM

CVC Credit Partners announce that it has provided a $92 million multicurrency first lien credit facility to Calibre Scientific, the life sciences and diagnostics business owned by StoneCalibre. Funding provided by CVC Credit will be used to refinance... Read Story

June 22, 2020, 09:00 AM

A new global business survey commissioned by Xerox Holdings Corporation shows an estimated 82 percent of the workforce in respondents’ organizations will have returned to the workplace in 12-18 months’ time, on average. In preparation for a return... Read Story

June 22, 2020, 08:00 AM

White Oak Commercial Finance, LLC, an affiliate of White Oak Global Advisors, announced it funded over $600MM in credit facilities in 2019 and over $300MM year-to-date to diversified enterprises in North America, the UK, Europe, and Australia.White... Read Story

June 19, 2020, 09:05 AM

ProSight Global, Inc. entered into a Credit Agreement, with Truist Bank (“Truist”), as administrative agent, issuing bank, and swingline lender. Suntrust Robinson Humphrey, Inc. and Citizens Bank N.A. (“Citizens”) are joint lead arrangers and... Read Story

June 18, 2020, 09:15 AM

MFA Financial entered into a $500 million senior secured term loan facility, with Wilmington Trust serving as as administrative agent and collateral agent.The loans under the Term Loan Facility are expected to be funded on or about June 26, 2020 (the... Read Story

June 17, 2020, 09:04 AM

The Federal Reserve Board announced it will be seeking public feedback on a proposal to expand its Main Street Lending Program to provide access to credit for nonprofit organizations. As with the existing Main Street Lending Program, which targets... Read Story

June 16, 2020, 09:20 AM

The Brink’s Company announced an amendment to its existing credit agreement that provides long-term covenant relief and added flexibility to execute its strategic plan. The amendment changes the methodology for calculating the company’s leverage... Read Story

June 15, 2020, 08:55 AM

Banks and independent lenders were enjoying a strong market for asset-based lending (ABL) with solid credit quality in the first quarter before the full impact of the COVID-19 pandemic was felt, according to data released today by the Secured Finance... Read Story

June 12, 2020, 09:10 AM

U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the expansion of the Main Street Lending Program announced by the Federal Reserve Board: "The changes announced to the Main Street Lending Program are the result of an... Read Story

June 11, 2020, 09:15 AM

Danaher entered into a new $2.5 billion 364-day revolving credit facility (the “Credit Facility”) with Bank of America, N.A., as Administrative Agent, and a syndicate of lenders from time to time party thereto, which replaces the existing $5.0... Read Story

June 11, 2020, 08:55 AM

ABL Advisor released a new video interview featuring Ken Frieze, CEO of Gordon Brothers. In this exclusive interview, Frieze provides his insights into the impact the COVID-19 crisis has had on the asset-based lending community, his outlook for the U... Read Story

June 10, 2020, 09:15 AM

US non-financial corporations issued a record $584 billion of investment-grade bonds through May, more than double the amount registered over the same time frame one-year prior. Bonds have been issued at meaningfully lower average rates, which should... Read Story

June 10, 2020, 09:05 AM

A growing number of suppliers are using their receivables as a source of liquidity to alleviate financial strains in the wake of the coronavirus pandemic, according to Maureen Sullivan, Head of Supply Chain Finance at Mitsubishi UFJ Financial Group... Read Story

June 09, 2020, 09:25 AM

Hercules Capital, Inc., the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that... Read Story

June 08, 2020, 09:25 AM

OakNorth, the next-generation credit and monitoring platform provider has announced its signing of a commercial agreement with PNC Bank, an American bank holding company and financial services corporation.Businesses need liquidity to overcome the... Read Story

June 05, 2020, 09:10 AM

LQD Business Finance announced the LQD Power Up Program, an internal program devoted to creating new opportunities through internships and mentoring to underprivileged young adults in the Chicagoland area.George Souri, the company's CEO, made the... Read Story

June 04, 2020, 09:05 AM

Acting Comptroller of the Currency Brian P. Brooks today expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system. In letters to the National League of Cities, the U.S. Conference of Mayors, and... Read Story

June 03, 2020, 09:31 AM

ABM, a leading provider of facility solutions, announced it has successfully completed an amendment to its senior, secured credit agreement.  The Company is a party to a syndicated credit facility comprised of an $800 million revolving line of credit... Read Story

June 03, 2020, 09:30 AM

Metropolitan Partners Group Management, LLC ("Metropolitan"), a direct-lending fund manager that provides senior-secured, transitional capital to small and mid-sized businesses in the U.S., recently completed an investment in International Literary... Read Story

June 03, 2020, 09:15 AM

CIG Capital (CIG CAP), an alternative investment firm, announced a new 125 million dollar lending project for The Villages at West Point, an upscale and affordable 624 unit destination-location development in West Point, Georgia.Despite the economic... Read Story

June 02, 2020, 08:55 AM

MDC Partners Inc. announced that the Company has amended its existing senior secured revolving credit facility with Wells Fargo Capital Finance, LLC, as agent, extending the maturity date to February 3, 2022."We are pleased to have successfully... Read Story

June 01, 2020, 08:00 AM

Negative rating actions across global structured finance (SF) from the coronavirus pandemic will be distributed more broadly and are expected to be less severe in most sectors than experienced by the worst performing areas during the period from 2008... Read Story

May 29, 2020, 09:25 AM

Bridge Bank announced it has extended a credit facility to YES Leasing, a financial services company that provides commercial equipment financing to companies and lessees of all credit backgrounds, specializing in helping those with challenging... Read Story

May 29, 2020, 09:20 AM

International law firm Proskauer has launched the Proskauer Private Credit Default Index which tracks, on a quarterly basis, the default rates of senior secured and unitranche loans.“Traditionally, the private credit market has been viewed as being... Read Story

May 29, 2020, 09:00 AM

ABL Advisor released a new video interview featuring Robert Katz, Managing Director, EisnerAmper. In this exclusive interview, Katz discusses the benefits and potentially significant risks for borrowers participating in the Paycheck Protection... Read Story

May 26, 2020, 09:10 AM

Gordon Brothers, the global advisory, restructuring, and investment firm, announced today that it has provided a $20 million secured term loan facility to Brooks Brothers Group, Inc, the prototypical American apparel retailer headquartered in New... Read Story

May 22, 2020, 09:05 AM

LQD Business Finance, a leading tech-enabled commercial lender, has launched a new Managed Services Platform for processing PPP Loan Forgiveness Applications. Using data integration and automation, LQD Finance’s Managed Services Platform largely... Read Story

May 22, 2020, 08:55 AM

New loan delinquencies and new loan transfers to special servicing within the Fitch-rated U.S. CMBS conduit universe increased substantially in May due to coronavirus. The majority of conduit remittances for May have now been reported and 30-day loan... Read Story

May 21, 2020, 09:10 AM

Earvin “Magic” Johnson, majority owner of EquiTrust, the nation’s largest minority-owned insurance company, announced a $100 million partnership with MBE Capital Partners (MBECP), the largest certified minority-owned asset-based lender, and the... Read Story

May 20, 2020, 09:15 AM

Regis Corporation, a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, announced that it successfully amended its $295 million revolving credit facility that expires in March... Read Story

May 20, 2020, 08:55 AM

Flexion entered into an amendment to its credit and security agreement with Silicon Valley Bank as agent, MidCap Financial Trust, Flexpoint MCLS Holdings, LLC, and the other lenders from time to time party thereto.  Pursuant to the amendment, the... Read Story

May 19, 2020, 09:20 AM

Cathay Capital Private Equity ("Cathay Capital" or "Cathay"), a leading international investment platform focused on cross-border investment and committed to supporting the international expansion of middle-market companies in North America, Europe... Read Story

May 18, 2020, 08:00 AM

Babcock & Wilcox Enterprises, Inc. entered into an agreement with its lenders amending and restating its existing credit agreement, dated as of May 11, 2015, among the Company, Bank of America, N.A., as administrative agent and lender, and the other... Read Story

May 15, 2020, 09:15 AM

Lenders are expecting default rates on middle market loans to spike in the second quarter as the fallout from the coronavirus pandemic makes an impact on the ability to repay debt.That's according to a story in Bloomberg News that cites a new new... Read Story

May 14, 2020, 09:10 AM

Second Avenue Capital Partners issued the following statement of support for businesses impacted by COVID-19:The COVID-19 outbreak has impacted families, communities, and businesses around the globe. Fluid, ever-changing conditions have increased the... Read Story

May 13, 2020, 09:00 AM

The coronavirus pandemic is causing sharp economic contraction and a rapid spike in unemployment that will lead to significant performance degradation in U.S. Marketplace Loan (MPL) portfolios and potentially imperil the viability of some MPL... Read Story

May 12, 2020, 08:00 AM

MidCap Financial announced that it has completed an equity offering of more than $300 million. This offering is part of a comprehensive strategy to enhance MidCap Financial's financial flexibility in order to further cement the company's position as... Read Story

May 07, 2020, 09:15 AM

UMB Capital Finance continues to fund millions in senior debt capital needs with the recent closings of four asset-based credit facilities. These new secured lines with commitments in excess of $21.3 million provide further financing resources to an... Read Story

May 07, 2020, 09:05 AM

Gordon Brothers, the global advisory, restructuring and investment firm, has released an article providing a perspective on the economic impacts of the coronavirus, available here.The coronavirus pandemic and the spread of COVID-19 is bringing the... Read Story

May 06, 2020, 09:10 AM

Walker & Dunlop, Inc. announced that it closed the largest transaction in company history; a $2.4 billion Fannie Mae Credit Facility to refinance 67 multifamily properties located in the Washington, D.C. metropolitan area. The borrower, Southern... Read Story

May 05, 2020, 09:00 AM

The Marcus Corporation entered into a First Amendment to its Credit Agreement, dated January 9, 2020, among the Company, the lenders from time to time party thereto, and JPMorgan Chase Bank, as administrative agent. The Credit Agreement provides for... Read Story

April 30, 2020, 09:15 AM

ABL Advisor has launched a new video series featuring exclusive interviews with highly respected leaders from various disciplines of commercial finance, allowing them to share their professional and personal insights into the impact the coronavirus... Read Story

April 29, 2020, 09:00 AM

Constitution Capital Partners (“CCP”), a leading alternative investment manager focused on North American private equity and private credit, today announced the final close of Ironsides V and related segregated mandates with total commitments of $1... Read Story

April 29, 2020, 08:30 AM

AvidXchange, a provider of accounts payable (AP) and payment automation solutions for the middle market, announced it has raised an additional $128 million in equity capital. This latest financing effort was oversubscribed with a total of more than... Read Story

April 24, 2020, 09:20 AM

Of the $14 billion in emergency loans made by JPMorgan Chase Bank through the government-backed Paycheck Protection Program, a disproportionate percent went to larger clients rather than the small firms expected to favor from the funds.Multiple media... Read Story

April 22, 2020, 09:10 AM

CVC Credit Partners announced that it has successfully raised $657 million for its second U.S. focused direct lending fund, CVC Credit Partners U.S. Direct Lending Fund II (“Fund II”). Fund II will follow the same strategy as its predecessor fund... Read Story

April 22, 2020, 08:55 AM

EY US (EY) has developed a Paycheck Protection Program (PPP) Loan Forgiveness Platform built on Microsoft technology, so that banks at this critical juncture in the US economic recovery can efficiently meet the increasing demands across the... Read Story

April 22, 2020, 08:00 AM

General Electric Company entered into a senior unsecured back-up revolving syndicated credit facility extended by 32 banks at an initial aggregate principal commitment amount of $15 billion (the “Senior Unsecured Credit Facility”). According to... Read Story

April 21, 2020, 09:00 AM

Sallyport Commercial Finance provided a $2,000,000 Accounts Receivable facility, including a $500,000 Cash Flow Loan to a company that provides a complete range of traffic control services for their customers.“When we connected with this traffic and... Read Story

April 20, 2020, 09:00 AM

Brown Gibbons Lang & Company announced the recapitalization of AIMS Companies ("AIMS") by Sterling Investment Partners ("Sterling") along with AIMS' founder and CEO, Chris Mihaletos, and its senior management team. Sterling is a leading middle market... Read Story

April 17, 2020, 08:55 AM

Partners Capital Finance Inc. DBA Archway Fund and the principals of alternative investment manager Oakhurst Advisors have successfully completed a recapitalization of the Los Angeles-based direct portfolio bridge lender, which will now originate... Read Story

April 16, 2020, 09:05 AM

Confirming the continued strong support of its key relationship banks, on 16 April 2020 ArcelorMittal (the “Company”) received underwriting commitments in respect of a new US$3bn credit facility (the “Credit Facility”).The Credit Facility represents... Read Story

April 16, 2020, 09:00 AM

In perhaps the last snapshot of the secured finance industry before the onset of the COVID-19 pandemic, banks and independent lenders reported that asset-based lending to U.S. businesses increased steadily and credit quality remained strong in the... Read Story

April 15, 2020, 09:05 AM

Crowd Machine, the leading provider of Platform-as-a-Service solutions for cross-cloud integration of enterprise applications with rapid no-code development, and Pacific Coast Capital LLC announced Pacific Coast Capital is leveraging Crowd Machine’s... Read Story

April 15, 2020, 09:00 AM

Gordon Brothers announced the launch of its Industry Brief, which can be found on the COVID-19 Resource Hub at  Gordon Brothers’ Industry Brief gives an up-to-the-minute assessment of what the firm’s inventory... Read Story

April 14, 2020, 09:55 AM

Honeywell International Inc. entered into a 364-Day Credit Agreement with the banks, financial institutions and other institutional lenders party thereto, Citibank, N.A. (“Citibank”), as administrative agent, and JPMorgan Chase Bank, N.A., as... Read Story

April 13, 2020, 09:25 AM

HealthGrowth Capital, LLC, based in Austin, Texas, has closed a $16.8 million financing consisting of both debt and equity. "Our business has matured significantly since our founding nearly four years ago and we are pleased to have reached these... Read Story

April 09, 2020, 09:00 AM

Hilco Global has issued a timely perspective specific to OREO asset managers and their teams nationwide, to assist in productively guiding their early and ongoing actions through the very challenging economic upheaval associated with the COVID-19... Read Story

April 09, 2020, 08:55 AM

Hilco Global has issued a timely and relevant report on the unprecedented circumstances facing businesses and how they should adjust their existing, predictive forecasting models and the steps they should be following to ensure their own success in... Read Story

April 08, 2020, 08:45 AM

More than a week after Congress approved the largest fiscal stimulus in U.S. history, many companies still don't know if it will provide the financial lifeline they need to stay afloat, writes S&P Global Market Intelligence.Since the legislation... Read Story

April 06, 2020, 09:30 AM

LIBOR floors in US leveraged loan agreements can provide some cushion to US CLOs, which is supportive to credit when benchmark rates drop as seen during the current market turmoil linked to the coronavirus pandemic, Fitch Ratings says. Leveraged... Read Story

April 03, 2020, 09:30 AM

Marriott Vacations Worldwide announced that it has amended its non-recourse warehouse credit facility, expanding its borrowing capacity to $531 million, an increase of $181 million.Lenders include Deutsche Bank AG, Bank of America, N.A., Credit... Read Story

April 03, 2020, 09:15 AM

FTI Consulting, Inc. released the findings of its 2020 U.S. Loan Market Survey, which provides a glimpse into bank and non-bank lenders’ views against the backdrop of the COVID-19 pandemic and oil market price disruptions.According to the survey... Read Story

April 02, 2020, 09:10 AM

From the first quarter Phoenix Management “Lending Climate in America” survey results, which was conducted in late February, reveal the coronavirus and other factors will be leading economic driver in 2020.Lenders were asked to identify what they... Read Story

April 01, 2020, 09:25 AM

BlackRock, Inc and certain of its subsidiaries entered into Amendment No. 9 ("Amendment No. 9") to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No.... Read Story

April 01, 2020, 09:00 AM

Ares Capital Corporation announced that it has increased commitments under its Revolving Credit Facility (the Facility) to approximately $3.6 billion and extended the final maturity date to March 30, 2025. The Facility was led by JP Morgan, Bank of... Read Story

March 31, 2020, 09:15 AM

Ares Management Corporation, Sumitomo Mitsui Financial Group, Inc. and Sumitomo Mitsui Banking Corporation announced that they have reached a strategic agreement to collaborate on future business opportunities. As part of this agreement, SMBC will... Read Story

March 30, 2020, 09:15 AM

Cubic Corporation announced it entered into an amended and restated credit agreement, providing Cubic with a new $450 million unsecured term loan and upsizing Cubic’s existing unsecured revolving credit facility from $800 million to $850 million. The... Read Story

March 30, 2020, 09:07 AM

Owl Rock Capital Corporation announced the closing of Owl Rock CLO III, Ltd, a $395.31 million collateralized loan obligation transaction."We are pleased to close this transaction and further enhance our liquidity position with this long-term... Read Story

March 30, 2020, 09:05 AM

BWX Technologies, Inc. announced that it has entered into an amendment to its May 24, 2018 credit agreement with Wells Fargo Bank, N.A. and other lenders that increases its borrowing capacity while delivering lower rates for the company.The amendment... Read Story

March 26, 2020, 09:00 AM

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced that it has completed fundraising for Churchill Middle Market... Read Story

March 25, 2020, 08:00 AM

Monroe Capital Corporation reported the purchase of more than 237,500 shares of MRCC common stock by officers and directors of the Company and senior management of Monroe Capital Management Advisors, LLC (“MCMA”), an affiliate of the Company’s... Read Story

March 19, 2020, 09:00 AM

The Federal Reserve Board announced that it will establish a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses. Commercial paper markets directly finance a wide range of economic activity, supplying... Read Story

March 18, 2020, 09:15 AM

Velocity Financial and Barclays Bank PLC agreed to increase the capacity of its subsidiary Velocity Commercial Capital’s existing warehouse repurchase facility to $300 million in order to support the company’s loan origination growth.“We appreciate... Read Story

March 13, 2020, 09:03 AM

Revlon, Inc. together with its subsidiaries announced two important steps forward in strengthening the Company’s business, capital structure and foundation for future growth. First, the Company executed an agreement with Jefferies Finance LLC that... Read Story

March 11, 2020, 09:10 AM

36th Street Capital announced it increased its expandable senior secured revolving credit facility to $170 million in addition to amending terms to a new five-year facility.San Francisco, CA-based Wells Fargo Bank has joined the syndicate with an... Read Story

March 09, 2020, 09:15 AM

Bridge Bank announced it has extended a senior loan to Aura, a mission-driven financial technology company that offers affordable loans to hard-working families. The financing will be used to support the company’s rapid expansion as it provides... Read Story

March 06, 2020, 08:29 AM

Uncertainty over the intensity, geographic reach and duration of the coronavirus (COVID-19) outbreak is negatively impacting primary market activity and significantly increasing volatility, making it likely that capital markets revenue at the global... Read Story

March 05, 2020, 09:15 AM

More lenders are turning toward opportunities in the lower middle market, a function of stricter covenants, increased competition for larger deals and added protections of lending to smaller firms.Reuters reports that the growing size and... Read Story

March 04, 2020, 09:15 AM

Goldman Sachs BDC, Inc. announced that it has favorably amended its senior secured revolving credit facility agreement with Truist Bank (formerly known as SunTrust Bank), as administrative agent (as amended, supplemented or otherwise modified and in... Read Story

February 28, 2020, 08:55 AM

Hilco Corporate Finance, LLC (“HCF”), a mid-market investment bank and an operating unit of Hilco Global, announced the successful completion of a $70 million machinery and equipment sale leaseback transaction for the portfolio company of a... Read Story

February 26, 2020, 09:00 AM

Wells Fargo & Company announced it has entered into agreements with the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) to resolve these agencies’ investigations into the company’s historical Community Bank... Read Story

February 24, 2020, 09:10 AM

Pacific Western Bank announced it has provided a $6 million credit facility to new client, Cradle Genomics, creator of non-invasive prenatal testing solutions to be offered at the earliest stages of pregnancy. The company will utilize the facility to... Read Story

February 24, 2020, 08:00 AM

The transition from U.S. dollar (USD) London Interbank Offered Rate (Libor) to its likely replacement, the Secured Overnight Funding Rate (SOFR), presents heightened risks for U.S. financial institutions (FIs), Fitch Ratings says. Banks may face... Read Story

February 20, 2020, 09:10 AM

Hercules Capital, Inc. the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that... Read Story

February 20, 2020, 09:03 AM

Pamlico Capital (“Pamlico”), a leading, lower middle market private equity firm focused on growth-oriented businesses, announced the first and final close of Pamlico Capital V (“PC V”) at the fund’s hard cap with total commitments of $1.4 billion. PC... Read Story

February 19, 2020, 08:10 AM

KKR, a leading global investment firm, announced the final closing of KKR Global Impact Fund SCSp, a $1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or... Read Story

February 12, 2020, 09:00 AM

Angelo, Gordon & Co., L.P., a $38 billion alternative investment firm focused on credit and real estate investing, announced the final closing of AG Credit Solutions Fund, L.P., with $1.8 billion of equity commitments.The Fund, which is the flagship... Read Story

February 11, 2020, 09:10 AM

PGIM Private Capital provided $13 billion of senior debt and junior capital to 228 middle-market companies and projects globally in 2019. PGIM Private Capital, a leading source of private capital for public and private companies, is the private... Read Story

February 10, 2020, 08:55 AM

First Eagle Alternative Credit, LLC announced the final closing of its fourth middle-market direct lending fund, THL Credit Direct Lending Fund IV (“Fund IV”), with $782 million of available investment capacity including leverage. First Eagle... Read Story

February 07, 2020, 08:39 AM

Babcock & Wilcox Enterprises, Inc. announced that the Company has amended its Credit Agreement to comprehensively refinance its debt in advance of its March 15, 2020 requirement. Under the terms of the Agreement, B. Riley FBR, Inc. has agreed to... Read Story

February 04, 2020, 09:00 AM

Griffon Corporation announced that it amended and restated its revolving credit facility  to increase the size of the facility from $350 million to $400 million and extend maturity from March 22, 2021 to March 22, 2025.Bank of America acts as... Read Story

January 31, 2020, 09:05 AM

Finacity Corporation (Finacity), a member of the Greensill family of companies, announced the close of a trade receivables securitization program for Black Box Corporation (“Black Box”), a subsidiary of AGC Networks Singapore Pte Limited (“AGC”). The... Read Story

January 31, 2020, 08:00 AM

Middle market chief financial officers are facing widespread shifts—from trade wars to digital disruption—but they aren’t backing down from the challenge. According to BDO’s 2020 Middle Market CFO Outlook Survey, 56% of middle market CFOs expect a... Read Story

January 30, 2020, 09:05 AM

Eight ex-Wells Fargo & Co. executives are facing a record $59 million in fines and the bank’s former CEO received a ban from the industry as regulators took unprecedented steps in holding individuals to account for corporate scandals, Bloomberg... Read Story

January 24, 2020, 09:10 AM

Wynnchurch Capital, L.P., a middle market private equity firm, announced the closing of its fifth private equity fund, Wynnchurch Capital Partners V, L.P  at $2.277 billion of committed capital.The Fund, which had a target of $1.6 billion, was... Read Story

January 23, 2020, 08:55 AM

Beezy Inc., the Intelligent Workplace solution for Microsoft Office 365, SharePoint and Teams, announced it has recently closed a $16,000,000 senior secured credit facility from Goldman Sachs Merchant Banking Division to accelerate growth and... Read Story

January 21, 2020, 09:00 AM

AvidXchange, a provider of accounts payable (AP) and payment automation solutions for the middle market, has raised $260 million in equity capital as part of the company's latest financing round.With contributions from TPG Sixth Street Partners and... Read Story

January 20, 2020, 09:00 AM

Middle market private companies in the Golub Capital Altman Index experienced approximate year-over-year earnings growth of 10% and revenue growth of 8.3% during the first two months of the fourth quarter of 2019. This compares to approximate... Read Story

January 16, 2020, 09:10 AM

Potential credit risk may emerge for US leveraged loans if the base rate on loans converts to a higher Prime Rate when the London Inter-Bank Offered Rate (LIBOR) is discontinued post 2021, says Fitch Ratings. Issuers could experience deterioration in... Read Story

January 14, 2020, 09:10 AM

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

January 14, 2020, 09:00 AM

Nuveen, a leading global investment manager, is bringing its private equity and junior capital group together with Churchill Asset Management, its award-winning middle-market senior loan and unitranche financing business, to create a direct access... Read Story

January 13, 2020, 08:55 AM

Varagon Capital Partners, L.P. (“Varagon”), a leading direct lender to middle market companies, today announced that it has entered into a definitive agreement to form a new strategic partnership with Aflac Global Investments (“Aflac”) and is... Read Story

January 09, 2020, 09:00 AM

SEA-Vista I LLC, an indirect wholly-owned subsidiary of SEACOR Holdings Inc., announced that it entered into an amended and restated $200 million credit agreement (the “Agreement”), which refinanced its existing credit facilities, with a syndicate of... Read Story

January 09, 2020, 08:00 AM

Fitch Ratings expects the U.S. institutional leveraged loan default rate to climb to 3% in 2020, while the 2020 high yield default rate is expected to reach 3.5%, according to a new Fitch Ratings report."Growing outstanding amounts on our Lists of... Read Story

December 27, 2019, 09:00 AM

NN, Inc., a diversified industrial company, today announced that it has successfully amended its senior credit agreement to, among other things, extend the maturity date of its revolving facility to July 20, 2022, and extend its April 2021 Term Loan... Read Story

December 23, 2019, 08:45 AM

The Financial Stability Board (FSB) published a report on Vulnerabilities associated with leveraged loans and collateralised loan obligations (CLOs). The report assesses the financial stability implications of developments in the leveraged loan and... Read Story

December 20, 2019, 09:00 AM

Betty Hernandez, Executive Vice President and CCO of North Mill Capital had been appointed to the Executive Committee of Secured Finance Network (SFNet), an international trade association for organizations and professionals who deliver and enable... Read Story

December 19, 2019, 08:55 AM

WeWork, a pioneer in the coworking movement, has secured a $1.75 billion letter of credit with Goldman Sachs Group, according to media outlets.According to Bloomberg News, the financing is the first hurdle cleared by SoftBank in its pledge to put... Read Story

December 18, 2019, 08:57 AM

Prospect Capital Corporation (PSEC)  announced that Prospect has purchased $31 million of first lien senior secured floating rate notes for the recapitalization of Collections Acquisition Company, Inc. (d/b/a “Payliance”).Founded in 2009 and... Read Story

December 18, 2019, 08:00 AM

Roaring Fork Intermediate, LLC, a Delaware limited liability company (“Holdings”), and Ping Identity Corporation, a Delaware corporation (the “Borrower”), each a wholly-owned subsidiary of Ping Identity Holding Corp.,  entered into a credit agreement... Read Story

December 13, 2019, 08:55 AM

Louis Dreyfus Company B.V. (LDC) announced the renewal of its two $400 million revolving credit facilities (RCFs) for its Europe, Middle East and Africa (EMEA) region, a two-year and a three-year facility respectively, including identical... Read Story

December 13, 2019, 08:50 AM

IntelePeer, a leading Communications Platform as a Service (CPaaS) provider, announced that it has closed a $55 million credit facility to further accelerate the growth and innovation of its enterprise-centric Atmosphere® CPaaS platform. TPG Sixth... Read Story

December 13, 2019, 08:00 AM

Arboretum Investment Advisors, LLC, a fund manager and SEC-registered investment advisor that specializes in asset-backed and equipment finance funds, has announced one of Arboretum's propriety equipment leasing funds closed on a $25 million senior... Read Story

December 06, 2019, 08:50 AM

Bethani R. Oppenheimer, an attorney in the Atlanta office of global law firm Greenberg Traurig, LLP, has been named to the 2020 Executive Committee of the Secured Finance Network (SFNet) (formerly the Commercial Finance Association (CFA). The... Read Story

December 04, 2019, 08:50 AM

TiVo Corporation announced the Company entered into a new $715.0 million five-year Term Loan Credit Agreement with HPS Investment Partners, LLC as administrative and collateral agent, plus a $60M Revolving Loan Credit Agreement with Morgan Stanley... Read Story

December 02, 2019, 09:00 AM

Mercuria Energy Group the global energy and commodities group announced the successful signing of US$ 1.2 billion in credit facilities that was joined by a group of 37 banks.The Facilities were arranged by Australiaand New Zealand Banking Group... Read Story

November 27, 2019, 08:40 AM

Monroe Capital LLC has been recognized by Global M&A Network as the Small Middle Markets Lender of the Year for the seventh consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City on October... Read Story

November 26, 2019, 08:00 AM

The U.S. distress ratio widened to 8.5% as of Oct. 15, 2019, from 7.6% on Sept. 16, with the oil & gas sector seeing the sharpest rise since last year, according to an S&P Global Ratings report on Monday.Eight sectors' distress ratios widened in this... Read Story

November 25, 2019, 08:50 AM

TIMIA Capital Corporation announced that it has entered into a $7.5 million credit facility with Turnham Green Investments Inc. of Vancouver, BC . The one year term includes an additional 3 month extension and supports TIMIA's future investments into... Read Story

November 25, 2019, 08:00 AM

EPSG, a leading integrator of payment technology solutions, announced that it has entered into a revolving credit facility with People’s United Bank, N.A., a subsidiary of People’s United Financial, Inc., and has adopted their eTreasury + Business... Read Story

November 19, 2019, 08:00 AM

Direct lenders are positioning themselves to take advantage of a general slowdown of the U.S., that could lead to a pullback in syndicated loans and hamper banks' ability to lend capital.That's according to a report from Reuters citing data from... Read Story

November 18, 2019, 08:55 AM

Regulatory change is the most likely near-term event risk for US corporate business models and financial profiles, particularly in the healthcare & pharmaceuticals; real estate; and gaming, lodging & leisure sectors, says Fitch Ratings.Strategic M&A... Read Story

November 18, 2019, 08:50 AM

Citizens Bank announced that it has provided a $214 million Revolving Line of Credit for Norwalk, Connecticut-based Nations Fund I, a wholly owned subsidiary of NEF Holdings, LLC. Citizens acted as Left Lead Bank and Joint Lead Arranger.Nations... Read Story

November 14, 2019, 08:50 AM

Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll for CIT Group Inc.Middle... Read Story

November 13, 2019, 08:50 AM

SFNet has introduced SFNet Market Pulse, a periodic report that will inform lenders about emerging economic trends likely to affect secured lending and their borrowers’ industries over the next one to two quarters, according to a an announcement in... Read Story

November 12, 2019, 08:55 AM

Equity Residential announced its operating partnership has entered into a $2.5 billion multi-currency revolving credit facility, replacing its existing $2.0 billion credit agreement. The new facility matures on November 1, 2024, and can be extended... Read Story

November 08, 2019, 08:50 AM

Validis, a pioneer of financial data sharing and standardization technology, announced that they are entering an exciting partnership with ABLSoft. ABLSoft’s flexible lending platform helps lenders save time and scale operations with intelligent... Read Story

November 08, 2019, 08:00 AM

Siena Lending Group LLC, an asset-based lending company, announced an increase in its senior credit facility with Wells Fargo Bank, N.A. to $312.5 million.Earlier this year, Siena announced their acquisition by Business Development Corporation of... Read Story

November 06, 2019, 08:45 AM

Pathlight Capital LP announced the final closing of its inaugural funds, Pathlight Capital Fund I LP and Pathlight Capital Offshore Fund I, LP (together, the “Fund”), with $540 million of capital commitments. The Fund was oversubscribed and closed... Read Story

November 04, 2019, 08:45 AM

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, was the recipient of one of the largest unitranche loans on records, topping out at $1.6 billion, according to a report from Reuters.The loan... Read Story

November 01, 2019, 09:00 AM

SG Credit Partners provided a $2 million Second Lien Cash Flow Loan to a provider of IT managed services and cloud collaboration solutions. The Company’s management team owns corporate real estate held in a LLC outside of the Company.The Company was... Read Story

October 31, 2019, 08:55 AM

Next Edge Capital Corp. (Next Edge Capital) announced the closing of a revolving credit facility for $47,500,000 with CIBC and NELI Canada LP, a special purpose funding vehicle utilized by the Next Edge Private Debt Fund.Next Edge Capital is an... Read Story

October 31, 2019, 08:40 AM

Business development companies (BDCs) will face continued challenges heading into 2020, including competitive underwriting conditions, earnings pressure from lower interest rates and unsustainable asset quality metrics, according to Fitch Ratings'... Read Story

October 30, 2019, 09:00 AM

Capitala Group, a provider of capital to lower middle market companies, announced that it has entered into a strategic partnership with, and sold a minority non-controlling interest of its management firm to Mitsui & Co. (U.S.A.), Inc. (“Mitsui USA”)... Read Story

October 29, 2019, 08:45 AM

The National Center for the Middle Market (NCMM) released its 3Q Middle Market Indicator (MMI) today with data showing a decrease in growth rate for middle market companies. At 5.8 percent, it fell nearly three points from the Q2 report.The... Read Story

October 28, 2019, 08:55 AM

Ares Commercial Finance announced that it has provided a senior secured credit facility to Saylite Holdings LLC and its subsidiaries. Saylite is owned by CORE Industrial Partners, a Chicago-based private equity firm investing in North American middle... Read Story

October 28, 2019, 08:45 AM

Black Diamond Group Limited announced that the Company has agreed to terms with respect to a four-year secured asset-based revolving credit facility (“Facility”). The Facility is expected to close within the next week and is subject to customary... Read Story

October 28, 2019, 08:00 AM

SSG Capital Advisors, LLC (SSG) acted as the investment banker to Mairec Precious Metals U.S., Inc. in the sale of substantially all of its assets to BASF Corporation. The sale was effectuated through a Chapter 11 Section 363 process in the U.S.... Read Story

October 25, 2019, 08:55 AM

LBC Credit Partners ("LBC") provided senior secured credit facilities to support the refinancing of Sciens Building Solutions and the add-on acquisition of SmartWatch Security & Sound ("SmartWatch"). Sciens Building Solutions, a portfolio company of... Read Story

October 25, 2019, 08:29 AM

Fenergo, a provider of digital Client Lifecycle Management (CLM) solutions, announced the results of new research which reveals that slow and manual onboarding processes could lead to commercial and business banks individually losing $4.5 billion in... Read Story

October 24, 2019, 09:24 AM

Houlihan Lokey, Inc., the global investment bank, has agreed to acquire Freeman & Co. (Freeman), a New York-based independent advisory firm that provides a range of advisory services to financial institution clients. The transaction, signed yesterday... Read Story

October 23, 2019, 09:25 AM

Winnebago Industries, Inc., Winnebago of Indiana, LLC and Grand Design RV, LLC, entered into an Amended and Restated Credit Agreement among the Borrowers, the other loan parties party thereto from time to time, the lenders party thereto from time to... Read Story

October 23, 2019, 08:50 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 22, 2019, 08:52 AM

A&G Real Estate Partners, LLC and B6 Real Estate Advisors, LLC, announced a November Bankruptcy Auction for the 15.6-acre campus owned by The College of New Rochelle).   A $21 million Stalking Horse Bid has been approved, with Competing Qualified... Read Story

October 22, 2019, 08:00 AM

Investors Bancorp, Inc. announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. Investors Bank will deploy ODX's digital loan... Read Story

October 21, 2019, 08:22 AM

Amerisource Business Capital announced the acquisition of two specialty finance business units from MidSouth Bank, based in Lafayette, Louisiana. The two acquisitions included loan portfolios of over 1200 commercial borrowers.  In conjunction with... Read Story

October 17, 2019, 09:15 AM

TD Bank announced that its U.S. Small Business Administration (SBA) Lending Group closed $2.4 million combined in 7(a) term and 7(a) Express loans for The Kubert School in Dover, New Jersey, which offers a fully accredited three-year course for... Read Story

October 17, 2019, 08:00 AM

Avant Global, LLC (“AG”) a leading relationship-driven venture capital investment, business advisory and private equity fund management firm,has announced a partnership with White Field Capital Partners (“WFCP”) to launch a $200 Million private... Read Story

October 15, 2019, 08:45 AM

Ferroglobe PLC announced the closing of a new, five-year $100 million North American asset-based revolving credit facility, between Globe Specialty Metals, Inc. (“Globe”) and QSIP Canada ULC, each a subsidiary of the Company, as borrowers and PNC... Read Story

October 14, 2019, 08:00 AM

In the second quarter of 2019, banks experienced the largest quarterly net increase in asset-based lending loan commitments and outstandings since data collection began in 2016 - $3.6B and $2.5B, respectively, according to the latest Quarterly... Read Story

October 10, 2019, 09:00 AM

Less than a year after co-leading the acquisition of the wholesale bicycle operations of Advanced Sports Enterprises (ASE) in bankruptcy court, Tiger Capital Group has sold its stake in the newly formed BikeCo, LLC to joint venture partner Advanced... Read Story

October 07, 2019, 08:55 AM

One of the world’s largest banks, HSBC, has embarked on a cost-cutting drive that threatens up to 10,000 jobs, as its new interim Chief Executive Noel Quinn seeks to make his mark on the bank, Financial Times reported.The plan represents the lender’s... Read Story

October 07, 2019, 08:50 AM

Small businesses reported that major sources of credit including credit cards and bank loans drew back sharply last quarter, according to results from the Q3 Private Capital Access Index (PCA Index) from Dun & Bradstreet and Pepperdine Graziadio... Read Story

October 03, 2019, 09:00 AM

H.I.G. Capital ("H.I.G."), a global private equity investment firm with over $34 billion of equity capital under management, announced that one of its affiliates has made a significant growth investment in Circle Graphics Holdings, Inc. (“Circle... Read Story

October 02, 2019, 08:50 AM

Gibraltar Business Capital, an industry leader in alternative financing for middle-market businesses, announced an increase in its credit line with Wells Fargo, N.A. In 2018, Wells Fargo raised Gibraltar’s facility from $75 million to $100 million.... Read Story

October 01, 2019, 08:50 AM

ESCO Technologies Inc. (ESE) announced that it has finalized a commitment with its lenders to enter into a new, extended and increased credit facility.The new five-year agreement, which replaces the previous credit facility dated December 21, 2015... Read Story

September 30, 2019, 08:45 AM

White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, announced today it has purchased a portfolio of asset-based loans from Veritas Financial Partners, a Boca Raton, FL based specialty finance company. “This... Read Story

September 24, 2019, 09:30 AM

Monroe Capital LLC announced it co-sponsored Thunder Bridge Acquisition II, Ltd., a special purpose acquisition company (SPAC). This is the second SPAC that Monroe Capital has co-sponsored. Last year, Monroe Capital co-sponsored Thunder Bridge... Read Story

September 24, 2019, 08:45 AM

Raven Industries, Inc. announced that it has entered a new, three-year, $100 million senior unsecured multi-currency revolving credit facility, with BofA Securities, Inc. acting as sole bookrunner and lead arranger. The Credit Facility also includes... Read Story

September 24, 2019, 08:35 AM

Monroe Capital LLC announced an increase in the credit facility to MC Group to support the merger of MC Group and Icon Identity Solutions (“Icon”), an existing portfolio company of Arcapita Investment Management US, Inc.Based in Rolling Meadows... Read Story

September 12, 2019, 08:55 AM

TBF Financial purchased nearly $60 million in non-performing loans from a major online small business lender in recent transactions, CEO Brett Boehm announced.TBF bought the pools of post-charge-off loans as the highest bidder in transactions... Read Story

September 10, 2019, 08:55 AM

PennantPark Investment Corporation announced  that it has completed all the necessary amendments to its multi-currency, senior secured revolving credit facility with certain lenders and SunTrust Bank acting as administrative agent (the “Credit... Read Story

September 10, 2019, 08:35 AM

WSFS Bank has organized a Capital Markets department under its division of Finance that will manage the Company’s $1.9 billion investment portfolio and other critical corporate functions. The new Capital Markets group was created from WSFS’ Treasury... Read Story

September 06, 2019, 08:57 AM

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announced the successful pricing of the initial public offering of its common shares.  The Fund is offering 2,652,001 shares at an initial price of $100 a share, resulting in gross proceeds... Read Story

September 03, 2019, 08:35 AM

People's United Bank, N.A., a subsidiary of People's United Financial, Inc., announced its Healthcare Finance and Capital Markets Divisions provided a $92 million Credit Facility to MidCap Financial (MidCap), a middle market-focused, specialty... Read Story

August 29, 2019, 08:55 AM

Three quarters of surveyed investors believe that equity markets are at a peak, up from 61% that said the same at the end of 2018, according to The Preqin Investor Update: Alternative Assets H2 2019. Just 6% believe markets are expanding, down 15... Read Story

August 28, 2019, 08:30 AM

LendingPoint, the company working to revolutionize and democratize commerce, announced that it closed a committed, $250 million credit facility arranged by Guggenheim Securities.  The credit facility has an accordion feature, which allows the Company... Read Story

August 27, 2019, 08:55 AM

FS Credit Real Estate Income Trust, Inc. and FS CREIT Finance Holdings LLC, a direct wholly owned subsidiary of the Company, entered into a Loan and Security Agreement with City National Bank (“CNB”), as administrative agent and a lender, to (i)... Read Story

August 26, 2019, 08:45 AM

Hilco Global has issued a new perspective on the current tariff-driven issues facing U.S. retailers."Retailers Face Tough Decisions as China Tariff Pressures Mount," authored by Tim Anderson, Sr. Vice President of Hilco Valuation Services/Retail... Read Story

August 23, 2019, 08:55 AM

DRB Financial Solutions, LLC and its wholly-owned subsidiary DRB Capital, LLC are pleased to announce that they have closed on the first $150M of a planned $300M term financing facility for their structured settlement and annuity payment stream... Read Story

August 23, 2019, 08:50 AM

Commercial and multifamily mortgage loan originations were 10 percent higher in the second quarter compared to a year ago, and rose 29 percent from the first quarter of 2019, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of... Read Story

August 23, 2019, 08:00 AM

PNC Bank, National Association, announced the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.Established in 1941, Corso is a fourth... Read Story

August 22, 2019, 08:45 AM

Vedder Price is pleased to announce that its Global Transportation Finance team, led by Shareholders Mark Ditto and Marc Klyman, represented Stonebriar Commercial Finance (Stonebriar) in extending and amending certain terms of its existing $1.0... Read Story

August 21, 2019, 08:45 AM

Hewlett Packard Enterprise has obtained a five-year $4.75 billion revolving credit facility with JPMorgan Chase Bank and Citibank N.A. as co-administrative agents.According to a report from CRN, the credit facility was unrelated to a recent... Read Story

August 21, 2019, 08:00 AM

The shift in the direction of global monetary policy in the last six months has been more broad-based across geographies than in any period since 2009, with more than a third of central banks covered in the Bank for International Settlements' (BIS)... Read Story

August 19, 2019, 08:50 AM

Francesca’s Holdings Corporation announced that it has entered into a second lien term loan Credit Agreement with Tiger Finance, LLC, an affiliate of Tiger Capital Group. The Company simultaneously announced the completion of its previously announced... Read Story

August 19, 2019, 08:00 AM

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of Hanson Wade by U.K.-based private equity firm... Read Story

August 16, 2019, 08:45 AM

Financial institutions' leveraged loan and CLO exposures are manageable relative to sector capital but risks may rise sharply in a stress, Fitch Ratings says in a new report. Undrawn facilities may be called on leading up to or during a leveraged... Read Story

August 15, 2019, 09:00 AM

Wells Fargo Commercial Distribution Finance (CDF), a unit of Wells Fargo Commercial Capital, announced the continuation of Polaris Acceptance, a joint venture with Polaris Inc., into 2027. CDF and Polaris began the dealer wholesale financing joint... Read Story

August 14, 2019, 08:50 AM

Together with the National Center for the Middle Market (NCMM), which is housed at The Ohio State University Fisher College of Business, Chubb has published a summary of findings from the Middle Market Indicator (MMI) report. The latest poll was... Read Story

August 06, 2019, 08:50 AM

Halcón Resources Corporation (Halcón) has been involved in discussions with certain of its stakeholders in respect of a possible restructuring of the indebtedness and capitalization of Halcón and its subsidiaries.On August 2, 2019 the Company entered... Read Story

August 05, 2019, 08:40 AM

U.S. businesses continue to grow, as reflected by increased borrowing from banks and non-bank lenders, according to data released by the Secured Finance Network (SFNet).According to SFNet’s latest Quarterly Asset-Based Lending (ABL) Index, total... Read Story

August 02, 2019, 09:00 AM

FTI Consulting, Inc. announced that its Corporate Finance & Restructuring segment has been recognized as an industry leader globally through several awards programs organized by The Deal, Turnaround Management Association (TMA), Global M&A Network... Read Story

August 02, 2019, 08:45 AM

AloStar Capital Finance successfully agented and closed a $30 million credit facility to BlackRiver Business Capital (doing business as ACG Equipment Finance), an equipment finance company focused on the small-to-mid-ticket market from $10,000 to... Read Story

July 31, 2019, 08:50 AM

People's United Bank, N.A., a subsidiary of People's United Financial, Inc. announced its Commercial Banking division served as Lead Arranger on the expansion of a credit facility to $50 million for MVC Capital, Inc. (MVC), a Business Development... Read Story

July 31, 2019, 08:45 AM

PNC Bank, National Association, announced the closing of a $30 million senior secured credit facility for Sugar Land, TX-based Sigma Piping Products 2019, LLC (SPP).SIGMA Corporation (SIGMA), a PNC client of more than 15 years, sought financing to... Read Story

July 30, 2019, 08:55 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $45 million senior secured credit facility to a supplier of indoor gardening and hydroponic products. The facility consists of a revolving line of credit based on accounts receivable... Read Story

July 30, 2019, 08:50 AM

Sierra Income Corporation, Medley Capital Corporation, and Medley Management Inc. today announced that they have entered into definitive amended agreements under which MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY... Read Story

July 29, 2019, 09:10 AM

While U.S. core ABS performance remains strong due largely to low unemployment, many investors are zeroing in their questions on some of the sector's non-core assets, according to Fitch Ratings in its 2019 Virtual Investor Video Series for structured... Read Story

July 24, 2019, 08:40 AM

DW Healthcare Partners, a private equity firm focused primarily on making control investments in North American middle market healthcare companies, has closed its fifth fund.  The fund was oversubscribed and met its cap of USD610 million in total... Read Story

July 24, 2019, 08:00 AM

CIT Group Inc. announced an expansion of its investment management and advisory capabilities that provides increased capacity and flexibility to finance private equity sponsor-owned middle market companies across a diverse range of industry... Read Story

July 23, 2019, 09:00 AM

Chesswood Group Limited announced the closing of a new funding facility with Sun Life Assurance Company of Canada for its subsidiary Pawnee Leasing Corporation. This new facility finances Pawnee's prime originations and provides additional annual... Read Story

July 23, 2019, 08:35 AM

Yara has signed a $1.1 billion five-year multicurrency revolving credit facility ("RCF") with two one-year extension options.The RCF refinances Yara’s revolving credit facility dated 5 July 2013 and will be available for general corporate purposes.... Read Story

July 16, 2019, 08:50 AM

Churchill Asset Management (“Churchill”) today announced that it has been recognized as “USA Lender of the Year” at the USA M&A Atlas Awards. Presented by the Global M&A Network, the awards honor outstan