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News Stories (1175 Results) - Industry News

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

March 05, 2021, 07:42 AM

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

March 05, 2021, 07:20 AM

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

March 03, 2021, 08:00 AM

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

March 02, 2021, 08:00 AM

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

March 02, 2021, 07:15 AM

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

February 26, 2021, 07:35 AM

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

February 25, 2021, 08:09 AM

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

February 25, 2021, 06:19 AM

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

February 24, 2021, 08:10 AM

Freeport Financial Partners announced the appointments of James Colletti and Ryan VanDagens as Associates, responsible for sourcing, structuring, and managing middle-market debt investments for the Freeport loan funds. Both Mr. Colletti and Mr.... Read Story

February 22, 2021, 05:00 AM

Biddeford Holdings LLC, a partnership between Gordon Brothers and New Mill Capital, acquired the real estate and machinery and equipment of a producer and marketer of packed bakery food. The assets include company-owned real estate and the machinery... Read Story

February 19, 2021, 07:55 AM

Otterbourg P.C. has named Thomas P. Duignan co-chair of the firm’s Finance Department.Duignan represents many prominent banks, commercial finance companies and other institutional lenders in connection with a wide range of transactions. He will join... Read Story

February 19, 2021, 07:30 AM

White Oak Global Advisors announced the firm, together with its affiliates, funded $2.7 billion in loans across 119 borrowers in 2020. As companies seek support, White Oak continued to meet the nuances of their client’s business needs through... Read Story

February 18, 2021, 08:00 AM

LQD Business Finance launched development of the world’s first Bitcoin business lending platform. This cutting-edge platform will make LQD Business Finance the first company to use Bitcoin as currency for commercial loans.While Bitcoin can be used as... Read Story

February 18, 2021, 07:50 AM

American Equity Investment Life Holding Company and Adams Street Partners reached an agreement to form a joint venture for co-developing insurer capital-efficient products in middle market credit, with American Equity initially committing up to $2... Read Story

February 18, 2021, 07:47 AM

IDS, a leading provider of asset and equipment finance technology has completed the acquisition of William Stucky and Associates (WSA), the leading provider of ABL and factoring software. The combination of the two companies creates a powerful, cloud... Read Story

February 17, 2021, 08:09 AM

Citizens M&A Advisory served as the exclusive M&A advisor to Bionix Development Corporation on its recapitalization by Argosy Private Equity. Bionix, headquartered in Toledo, Ohio, is a leading developer of innovative healthcare products for... Read Story

February 17, 2021, 06:00 AM

Gordon Brothers has published a two-part series of articles examining current supply stresses and how the prolonged effects of the COVID-19 pandemic continue to disrupt global trade. Author Ulos Anderson, Senior Managing Director, Commercial &... Read Story

February 11, 2021, 07:48 AM

Carl Marks Securities served as financial advisor to Hawkins Point in the sale of the leading life sciences consultancy to Verista, a transformative compliance and automation solutions organization for the life sciences industry. Financial terms of... Read Story

February 11, 2021, 07:00 AM

Bardin Hill Investment Partners announced the successful final close of the Bardin Hill Opportunistic Credit Fund, LP and a parallel side-car vehicle (collectively, the “Strategy”) with total commitments of approximately $600 million. The firm’s... Read Story

February 10, 2021, 08:00 AM

Getzler Henrich & Associates announced that it has once again been recognized for its outstanding work, having received the Turnaround Atlas Award Restructuring of the Year for Non-Profit Restructuring from the Global M&A Network. This year's award... Read Story

February 10, 2021, 07:50 AM

Clear Thinking Group announced that the  U.S. Bankruptcy Court for the District of Minnesota has approved its retention by Stock+Field under section 363 of the US Bankruptcy Code, and that Partner Michael Wesley will serve as Chief Restructuring... Read Story

February 05, 2021, 07:43 AM

Ares Acquisition Corporation announced the closing of its initial public offering of 87,000,000 Class A ordinary shares at a price of $10.00 per share and the sale of an additional 13,000,000 Class A ordinary shares at $10.00 per share pursuant to... Read Story

February 05, 2021, 07:35 AM

Barings served as Lead Arranger and sole lender of a senior secured credit facility to support the combination of Loftware and NiceLabel. Loftware, Inc., the global leader in Enterprise Labeling and Artwork Management solutions and a portfolio... Read Story

February 05, 2021, 06:00 AM

EisnerAmper announced that the partners and staff of certified public accounting firm Goldin Peiser & Peiser, LLP, (“GPP”) have joined EisnerAmper LLP.Founded in 1994 and based in Dallas, Texas, GPP has eight partners and a staff of 75. The firm... Read Story

February 04, 2021, 07:00 AM

Catalio Capital Management, a multi-strategy life sciences investment firm, announced the launch of their Credit Opportunities strategy to expand the scope of the firm’s investments across the biomedical technology industry and meet the growing... Read Story

February 03, 2021, 07:50 AM

LBC Credit Partners provided a senior secured credit facility to support LightBay Capital’s investment in Rancho Family Medical Group.The investment from LightBay will allow Rancho Family to invest in new and existing care centers, as well as... Read Story

February 03, 2021, 07:40 AM

Hilco Global has issued a timely and relevant report examining the shift in the balance of value between tangible and intangible assets that has taken place among large corporations, and how data driven insights and thorough management of a... Read Story

February 02, 2021, 07:50 AM

Robbins, Salomon & Patt announced that Andrew M. Sachs, Chief Operating Officer, has taken the firm’s reins as Chief Executive Officer effective January 1, 2021.“I couldn’t be more pleased to pass the gavel to Andy,” former CEO Richard L. Gayle said.... Read Story

February 02, 2021, 07:44 AM

A&G Real Estate Partners captured two major awards at the 12th Annual Turnaround Atlas Awards Ceremony, a virtual event held on January 22, 2021. Most notably, the firm won the coveted “Outstanding Restructuring Real Estate Firm of the Year” award at... Read Story

February 02, 2021, 07:00 AM

PacWest Bancorp and Pacific Western Bank announced the first step of a Senior Leadership Transition Plan to be realized over the next three years. The plan involves the retention of Matthew P. Wagner as President and Chief Executive Officer through... Read Story

February 01, 2021, 07:19 AM

Credit Acceptance Corporation announced the completion of a $100.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, the company contributed approximately $125.1 million of loans to a wholly-owned... Read Story

February 01, 2021, 07:00 AM

Antares closed more than 220 transactions in 2020, issuing nearly $14 billion in financing commitments to middle market private equity-backed companies. In a record Q4, the firm closed 120 transactions with commitments of $9.3 billion, supporting the... Read Story

January 29, 2021, 07:38 AM

CIT Group received a score of 100 on the Human Rights Campaign Foundation's 2021 Corporate Equality Index, the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality for the... Read Story

January 29, 2021, 07:15 AM

Private credit investment manager WhiteHawk Capital Partners, LP (“WhiteHawk”) launched in 2020 with a focus on providing asset-based financing solutions to primarily middle market companies in need of liquidity and growth capital.WhiteHawk is led by... Read Story

January 28, 2021, 08:20 AM

B. Riley Advisory Services was named Middle Market Turnaround Consulting Firm of the Year for its outstanding leadership in restructuring. The firm was also awarded in several individual deal categories at the 12th Annual Turnaround Atlas Awards... Read Story

January 28, 2021, 06:00 AM

Marathon Asset Management announced the final close for its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately $900 million in commitments. The fund will invest in a diversified portfolio of asset-based loans across... Read Story

January 26, 2021, 08:35 AM

SG Credit Partners has started a collateral-based lending division and hired Nathalie Butler to be Managing Director, Underwriting to lead this group. Butler has over 20 years of experience including asset valuation, disposition and most recently... Read Story

January 26, 2021, 08:30 AM

Monroe Capital Corporation announced that it has closed a public offering of $130 million aggregate principal amount of 4.75% notes due 2026 (the “Notes”).The Company intends to use the net proceeds from this offering to redeem all of its outstanding... Read Story

January 26, 2021, 07:35 AM

Tree Line Capital Partners announced the expansion of its lower middle-market direct lending platform adding a Small Business Investment Company (SBIC), an Austin, TX office and three new team members. 2020 presented significant volatility and market... Read Story

January 25, 2021, 08:13 AM

Hudson Avenue Partners, a Detroit and New York-based advisory firm specializing in designing, structuring and raising debt and equity capital facilities within the middle market, announced its official launch.Founded by seasoned investment banking... Read Story

January 22, 2021, 08:30 AM

Clear Thinking Group has been named “Restructuring Advisory Firm of the Year - USA” as part of Finance Monthly’s 2020 Global Awards. The Global Awards highlight the outstanding work done by financial advisors and organizations at an international... Read Story

January 22, 2021, 07:20 AM

SSG Capital Advisors acted as the investment banker to Green’s Natural Foods, Inc. in the sale of its equity interests to Hudson Equity Partners, LLC. The transaction closed in December 2020. Green’s is a branded lifestyle chain of organic and... Read Story

January 15, 2021, 08:00 AM

NXT Capital closed a senior credit facility in support of an affiliate of Peak Rock Capital’s acquisition of Shipley Do-Nuts. NXT Capital acted as the Sole Lead Arranger and Administrative Agent on this transaction. Shipley Do-Nuts is a franchisor of... Read Story

January 13, 2021, 07:00 AM

Middle market companies took advantage of newfound clarity in crisis and are poised not just for a return but a renaissance. According to the 2021 BDO Middle Market CFO Outlook Survey, CFOs anticipate the new year will bring recovery and new... Read Story

January 12, 2021, 08:00 AM

DFG Investment Advisers announced that it has changed its name to Vibrant Capital Partners. The new name unifies the firm with its CLO business and several of its investment vehicles, which have operated under the Vibrant brand since 2012. In... Read Story

January 11, 2021, 07:00 AM

Rating Outlooks have turned Negative for many non-bank financial institution (NBFI) sub-sectors compared to the start of 2020, reflecting negative pressures from the operating environment on asset quality, earnings and support-driven ratings, says... Read Story

January 06, 2021, 08:30 AM

Ted Gavin, Managing Director of Gavin/Solmonese LLC, announced he will host his own talk show on the leading network for original live internet talk radio, VoiceAmerica. Business/disrupted will air live on VoiceAmerica Business on Mondays beginning... Read Story

January 06, 2021, 08:15 AM

In a year filled with unforeseen and unparalleled challenges, small and midsize U.S. business leaders are showing resilience by remaining nimble, accelerating digital adoption and using lessons learned to plan for continued economic uncertainty... Read Story

January 06, 2021, 07:15 AM

Armstrong Teasdale announced its intent to establish a physical presence in Wilmington, Delaware. This marks the firm’s seventh office opening in the past two and a half years. Armstrong Teasdale will initially welcome a team of four partners, with... Read Story

January 05, 2021, 08:15 AM

The staff of ABL Advisor would like to extend Happy New Year wishes to all of our readers and advertisers. Thank you for your loyalty and goodwill throughout 2020! We will return with the Daily eNews Blast on Monday, January 4, 2021.ABL Advisor's... Read Story

December 30, 2020, 07:00 AM

The American Institute of CPAs (AICPA) is a strong advocate of additional relief for small businesses and worked in recent months to prepare CPA firms for the next round of Paycheck Protection Program (PPP) funding through the development of... Read Story

December 29, 2020, 08:15 AM

President Donald Trump signed into law H.R. 133, a $2.3 trillion coronavirus relief and government funding bill into law. The spending package provides coronavirus emergency response and relief, including extending programs for Americans who are out... Read Story

December 28, 2020, 09:19 AM

The staff of ABL Advisor would like to extend our best wishes for a happy holiday season and our sincere thanks to all of our readers and advertisers for your loyalty and goodwill throughout the year! Our offices will be closed Thursday, Dec. 24 and... Read Story

December 24, 2020, 07:00 AM

GS Investment I, LLC, a special purpose vehicle and indirect subsidiary of GreenSky, Inc. entered into Amendment No. 3 to the Warehouse Credit Agreement, dated May 11, 2020 (the "Credit Agreement"), by and among the SPV, as borrower, the lenders... Read Story

December 23, 2020, 08:00 AM

The global coronavirus pandemic hit small businesses especially hard despite the federal government programs tailored to pumping new capital into credit markets. But according to The Wall Street Journal, the pandemic masked a gradual contraction in... Read Story

December 21, 2020, 08:55 AM

ORIX Corporation USA (ORIX USA), the Americas business of Tokyo-based ORIX Corporation (ORIX), announced that wholly-owned subsidiary, Boston Financial Investment Management (Boston Financial), completed the acquisition of Boston Capital’s low-income... Read Story

December 18, 2020, 07:00 AM

Widespread vaccine availability later in 2021 will alleviate pressures on global structured finance (SF) asset performance by reducing the duration of the pandemic and likelihood of lockdown measures, mitigating downside risk in 2H21, Fitch Ratings... Read Story

December 16, 2020, 09:05 AM

Sidley represented Invitation Homes Inc. in a $3.5 billion sustainability-linked syndicated credit facility agented by Bank of America, N.A., with BBVA USA acting as Sustainable Agent and Coordinator. The credit facility consists of a US$1 billion... Read Story

December 16, 2020, 08:44 AM

The year 2021 is shaping up to be a strong and supportive one for leveraged finance, led primarily by merger-and-acquisition (M&A) and refinancing activity, according to the Capital Markets group at Mitsubishi UFJ Financial Group (MUFG).  Key members... Read Story

December 15, 2020, 08:34 AM

More than half of business executives (54 percent) say they expect some negative impact to their organizations if a renewed round of economic stimulus does not materialize by early 2021, according to the fourth-quarter AICPA Economic Outlook Survey.... Read Story

December 14, 2020, 08:49 AM

Kimbell Royalty Partners, LP, a Delaware limited partnership (the “Partnership”), entered into Amendment No. 2 (the “Second Amendment”) to the Partnership’s existing Credit Agreement, dated as of January 11, 2017 (as amended by that certain Amendment... Read Story

December 14, 2020, 08:45 AM

Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement to acquire eOriginal, a leading provider of cloud-based digital lending software, for approximately $280 million in cash.The acquisition extends GRC Compliance Solutions’... Read Story

December 11, 2020, 08:30 AM

Carlson Capital, L.P., an alternative asset management firm, announced that it reached a strategic agreement with Jefferies Group LLC and structured credit investor Hildene Capital Management, LLC to support the new issuance of CLOs on Carlson’s... Read Story

December 11, 2020, 08:15 AM

The Q3 2020 Asset-Based Lending Index reflects improving confidence for lenders, fears of a double dip downturn subsiding for now, and exhibits the continuing impact of PPP funds distributed in April.  The Q3 rebound of the U.S. economy lead to a GDP... Read Story

December 11, 2020, 08:10 AM

From the fourth quarter Phoenix Management “Lending Climate in America” survey results reveal a slow and choppy recovery after COVID-19.While the majority of lenders surveyed seem to believe economic recovery after COVID-19 to be slow and choppy, the... Read Story

December 10, 2020, 08:30 AM

Lannett Company, Inc. announced the closing of a $30 million asset-backed revolving credit facility with Wells Fargo Bank, National Association."Completing this transaction enhances our financial flexibility, supports our ability to invest in growth... Read Story

December 08, 2020, 08:50 AM

Runway Growth Capital LLC ("Runway"), a provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced the close of a senior secured term loan of $40 million to FiscalNote, a global... Read Story

December 08, 2020, 08:30 AM

Fifth Third Business Capital closed an $8.5 million credit facility with BlastOne International, a privately held company specializing in the provision of leading products and services to the corrosion control industry throughout North American and... Read Story

December 07, 2020, 08:49 AM

Zedcor Inc. announced that the Company has entered into an amended and restated loan and security agreement with Maynbridge Capital Inc. (the "Lender") in the principal amount of $17.3 million. The Agreement consolidates the Company's existing term... Read Story

December 07, 2020, 08:45 AM

The American Institute of CPAs (AICPA) and a coalition of more than 560 organizations representing millions of employers and American workers sent Congressional leaders a letter urging passage of legislation making it clear that expenses related to a... Read Story

December 04, 2020, 08:15 AM

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 t