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News Stories (853 Results) - Industry News

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 outstanding firms, dealmakers and value-creating... Read Story

July 16, 2019, 08:30 AM

Syndicated loan issuance to U.S. middle market firms jumped 48% in the second quarter of 2019 following a slow start during the first three months of the year. That's according to a report from Reuters that said loan totals reached $39.6 billion... Read Story

July 15, 2019, 09:00 AM

Antares announced that it served as a lead arranger and is acting as administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for New Mountain Capital’s Gelest, Inc.Founded in 1991 and... Read Story

July 11, 2019, 09:00 AM

Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility in support of Equity Group Investments’ (EGI) partnership with Lanter Delivery Systems. The infusion of capital from EGI... Read Story

July 11, 2019, 08:55 AM

Hornbeck Offshore Services, Inc. announced that it entered into a new $100 million senior secured asset-based revolving credit facility.The Administrative and Collateral Agent of the Senior Credit Facility is CIT Northbridge Credit LLC. The Company's... Read Story

July 08, 2019, 08:55 AM

Tree Line Capital Partners served as lead arranger and administrative agent for an $82,335,000 first lien credit facility for Ingenio. CVC Credit Partners participated in the facility, and Western Alliance Bank provided a revolving credit... Read Story

July 03, 2019, 08:40 AM

U.S. banks are expected to report lower sequential net interest margins (NIM) during the second-quarter 2019 earnings season as the Treasury yield curve has notably flattened, according to the latest dashboard report from Fitch Ratings. The Federal... Read Story

July 02, 2019, 09:00 AM

Solaris Water Midstream, LLC, a provider of water-related infrastructure to the oil and gas industry, announced  it has increased the size of its revolving credit facility to $350 million from $250 million. Cadence Bank N.A. acted as lead arranger... Read Story

July 02, 2019, 08:45 AM

Gardner Denver Holdings, Inc. announced that on June 28, 2019, it entered into an amendment to its existing credit agreement that extended, increased and repriced the borrowing capacity under its revolving credit facility.The amendment refinances the... Read Story

July 02, 2019, 08:40 AM

WaterBridge Holdings LLC announced the closing of significant transactions that provide additional expansion capital and operational scale in the Southern Delaware Basin.  WaterBridge's $1.0 billion Term Loan B is priced at L+575 / 97.5 OID and... Read Story

June 28, 2019, 08:30 AM

Bank of America announced that it will no longer finance companies that operate private prisons, barely four months after a similar move by JPMorgan Chase.The decision, reported by multiple media outlets, comes amid increasing public pressure on the... Read Story

June 27, 2019, 09:00 AM

MoneyGram International, Inc. reported that it has entered into a new first lien credit agreement and a new second lien credit agreement, each with Bank of America, N.A. acting as administrative agent.The new agreements provide for: a first lien... Read Story

June 27, 2019, 08:45 AM

Newtek Business Services Corp., an internally managed business development company (BDC) announced that Newtek Small Business Finance, LLC (NSBF), the Company’s nationally licensed SBA lender subsidiary, increased its existing revolving credit... Read Story

June 26, 2019, 08:50 AM

A majority of lenders in the U.S. market believe the number of loans monitored and actively managed by their workout groups will increase over the next year, with distress expected in the retail, energy, healthcare and automotive sectors, according... Read Story

June 25, 2019, 09:00 AM

CVC Credit Partners announced the final close of Global Special Situations Fund II (the "Fund" or "GSS II") with total capital commitments of $1.42 billion raised within 8 months, surpassing its original target of $1.0 billion as outlined further in... Read Story

June 25, 2019, 08:00 AM

CARBO Ceramics Inc. announced that it has entered into an amended credit agreement with the Wilks Brothers, LLC and a promissory note with its affiliate, Equify Financial LLC. The total amount of borrowings under this new structure remains the same... Read Story

June 21, 2019, 08:30 AM

Angelo, Gordon & Co., L.P., a $33 billion alternative investment firm focused on credit and real estate investing, announced that it has raised over $2.75 billion in equity commitments for AG Direct Lending Fund III, exceeding the Fund’s $2 billion... Read Story

June 19, 2019, 08:55 AM

The Flowr Corporation announced that the Corporation has received a loan commitment from a syndicate of lenders led by ATB Financial (“ATB”) in its capacity as lead arranger and administrative agent for up to $50,000,000 of committed senior secured... Read Story

June 19, 2019, 08:40 AM

The Securities and Exchange Commission (SEC) has charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB).  The... Read Story

June 18, 2019, 09:00 AM

Jack in the Box Inc. announced that certain of its subsidiaries intend to complete a refinancing of the company’s existing senior credit facility, which is comprised of a term loan and revolving credit facility, with a new securitized financing... Read Story

June 18, 2019, 08:30 AM

A 2% high yield default rate is projected for YE 2020 on a record low 12% 'CCC' share of issues and only 5% of outstandings due before 2021, according to a new Fitch Ratings report.The forecast assumes continued economic growth but caveats that... Read Story

June 17, 2019, 09:15 AM

Brian Moynihan, Chief Executive Officer at Bank of America, was recognized as one of the most Influential thought leaders of 2019 by Barron,s Magazine, the Publication announced.Moynihan, 59, took over in 2010 when Bank of America, still mired in... Read Story

June 17, 2019, 08:00 AM

Private capital funds have been increasingly turning to subscription credit facilities (SCFs) to offer funding for deals. These arrangements, whereby a fund manager secures short-term financing from a credit provider in lieu of making capital calls... Read Story

June 12, 2019, 08:40 AM

TCF National Bank (TCF Bank) and TCF Financial Corporation (TCF) announced the formation of TCF Capital Solutions, which brings together the resources of TCF Equipment Finance and Winthrop Resources Corporation to deliver deep lending and leasing... Read Story

June 12, 2019, 08:00 AM

Sasol Limited announced that its wholly owned subsidiary Sasol Financing USA LLC has entered into new $1.8 billion US dollar-denominated senior unsecured credit facilities, comprised of a $1.65 billion term loan facility and a $150 million revolving... Read Story

June 07, 2019, 08:45 AM

36th Street Capital Partners, LLC announced it has expanded its three-year, senior secured revolving credit facility to $125 million, an increase of $25 million.Bridgeport, CT-based People’s United Bank has joined the existing syndicate for the... Read Story

June 04, 2019, 08:50 AM

When leading AV companies — including PRG/VER, Keslow Camera, Illumination Dynamics, and Birns & Sawyer — choose to trim their surplus inventory and raise additional capital for inventory refreshment, they often turn to Tiger Group to execute... Read Story

May 31, 2019, 08:45 AM

The M&A Advisor announced this year’s winners of the 10th Annual Emerging Leaders Awards. Renowned globally for its recognition of leading M&A, financing, and turnaround professionals, The M&A Advisor created this awards program to honor the emerging... Read Story

May 31, 2019, 08:35 AM

Gibraltar Business Capital continued its success building relationships with private equity groups by closing a $3.5 million line of credit for Chief Supply, headquartered in Charlotte, N.C.Chief Supply Corporation is a national distributor of public... Read Story

May 30, 2019, 08:55 AM

The recent slowdown in M&A and LBO-related loan issuance volumes is providing an opportunity for sponsors and arrangers to launch dividend recapitalization (recaps) transactions intended to normalize returns on investments, according to Fitch Ratings... Read Story

May 29, 2019, 09:00 AM

Seller’s market sentiment is down in all market segments except for businesses with $5 million to $50 million in enterprise value. Looking back a year, seller’s market sentiment has decreased notably for businesses valued between $1 million – $2... Read Story

May 28, 2019, 09:00 AM

Louis Dreyfus Company B.V. (LDC) announced the renewal of its $750 million revolving credit facility (RCF) in North America, including a sustainability-linked pricing mechanism for the first time. The transaction replaces its previous three-year $750... Read Story

May 28, 2019, 08:50 AM

HCP, Inc. announced that it has closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility and a new $250 million unsecured term loan facility.The amendment and restatement increased the size of... Read Story

May 28, 2019, 08:45 AM

Capital Southwest Corporation, an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an expansion to its Senior Secured... Read Story

May 28, 2019, 08:30 AM

Service Corporation International entered into a new senior unsecured credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain other financial institutions, as lenders, providing for a $650 million senior term loan... Read Story

May 24, 2019, 08:55 AM

Distressed debt has long been a major component of the private debt industry. At the time of the Global Financial Crisis (GFC) distressed debt funds raised record levels of capital and saw record performance, as funds took advantage of distressed... Read Story

May 24, 2019, 08:50 AM

Monroe Capital LLC was selected as the recipient of the 2019 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

May 22, 2019, 09:00 AM

Monroe Capital LLC announced an increase in its credit facility to Mammoth Holdings to support the acquisition FLCW, LLC d/b/a Finish Line Car Wash. In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm... Read Story

May 21, 2019, 08:45 AM

Hitachi Capital America (HCA), a leading specialty finance company focusing on commercial loans and leases, is expanding its suite of working capital solutions in the Mexican marketplace, all while having witnessed a substantial growth of 30% in its... Read Story

May 21, 2019, 08:25 AM

Comptroller of the Currency Joseph M. Otting told lawmakers that increased liberalization in the leveraged loan market carries the risk of destabilizing the economy, and nonbank financial institutions are leading the charge.During testimony May 15... Read Story

May 20, 2019, 09:00 AM

The ONE Group Hospitality, Inc. announced the successful closing of a new credit facility on May 15, 2019 that includes a $10.0 million term loan and a new $10.0 million revolving credit facility. The new credit facility bears an interest rate of... Read Story

May 17, 2019, 08:45 AM

EY recently announced Jason Floyd and Michael Monk of Amerisource Business Capital as finalists for the Entrepreneur Of The Year® 2019 Award in the Gulf Coast Area. Widely considered one of the most prestigious business awards programs in the U.S.... Read Story

May 14, 2019, 09:00 AM

Mitsubishi UFJ Financial Group (MUFG), Inc., the world's fifth-largest financial institution by assets with approximately $2.7 trillion, cites a number of current trends in asset-based lending as observed by Ed Gately, Head of MUFG's Asset-Based... Read Story

May 08, 2019, 08:50 AM

TPG, a global alternative assets firm, announced the closing of TPG Tech Adjacencies (TTAD), a new investment vehicle focused on capital solutions for the technology industry. TTAD aims to provide flexible capital for founders, employees, and early... Read Story

May 06, 2019, 08:55 AM

With an increase of 18%, M&A advisory was the only business to report a year-over-year gain in the first quarter of 2019 for the five U.S. global trade and universal banks (GTUBs), according to the latest U.S. Capital Markets Quarterly report from... Read Story

May 02, 2019, 09:15 AM

A high ratio of corporate debt to GDP is tolerable as long as a material contraction of core pretax profits is avoided, according to a new report from Moody's Analytics. According to the 26-page analysis, history shows that the ratio of corporate... Read Story

April 26, 2019, 09:15 AM

B. Riley FBR, Inc. served as the exclusive financial advisor to Stream Companies (Stream) in connection with a strategic growth investment from Sverica Capital Management (Sverica). As part of the transaction, Sverica acquired an equity interest in... Read Story

April 26, 2019, 08:50 AM

THL Credit Advisors LLC, an alternative credit manager, announced that it has closed THL Credit Lake Shore CLO I at $411 million (Lake Shore I). The offering represents THL Credit’s first collateralized loan obligation (CLO) that includes middle... Read Story

April 24, 2019, 09:00 AM

Monroe Capital LLC announced an increase in its credit facility to TPC Training (TPC) to support the acquisitions of National Environmental Trainers, Inc. (NET) and Intelivert. TPC is an existing portfolio company of Frontenac.Based in Buffalo Grove... Read Story

April 23, 2019, 09:03 AM

CUI Global, Inc. announced that it closed on a previously announced two-year revolving line of credit facility of up to $10.0 million with Bank of America Merrill Lynch. The new facility replaces the Company's existing $5.0 million U.S.-based... Read Story

April 22, 2019, 08:50 AM

Brex, the first corporate card for startups, and Barclays Investment Bank, today announced a $100 million debt capital raise to help power the next phase of Brex’s growth. The capital comes in the form of a warehouse line of credit, which is backed... Read Story

April 18, 2019, 09:10 AM

The 12 Federal Reserve Banks issued the Small Business Credit Survey: 2019 Report on Employer Firms, which examines the findings of an annual survey of small business owners nationwide. The Report focuses on small employer firms, businesses that have... Read Story

April 17, 2019, 08:55 AM

B. Riley FBR, Inc., a full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., announced it served as the exclusive financial advisor to USA Holdings, LP (d.b.a. USA Communications) in the sale of its cable TV and... Read Story

April 16, 2019, 09:05 AM

With public offerings from large companies like Uber and Pinterest on the horizon, banks can expect to witness a spike in loan volume to support the IPO process, Reuters reports.According to data from Thomson Reuters LPC, the rebound comes following... Read Story

April 15, 2019, 09:10 AM

Frederick “Rick” Eugene Wolfert, 64, of Greensboro, GA, passed away peacefully on April 9, 2019 at St. Mary’s Good Samaritan Hospital in Greensboro, GA. Rick had a long and distinguished career in the equipment finance industry. He was an active... Read Story

April 12, 2019, 08:55 AM

Golub Capital BDC, Inc., a business development company, today announced that it originated $116.1 million in new middle-market investment commitments during the three months ended March 31, 2019. Approximately 90% of the new middle-market investment... Read Story

April 11, 2019, 09:15 AM

Ninepoint Partners (Ninepoint), one of Canada’s alternatives asset managers, is pleased to announce the launch of the Ninepoint Monroe U.S. Private Debt Fund (The Fund). Ninepoint has engaged the Chicago-based private credit asset management firm... Read Story

April 11, 2019, 09:12 AM

Forward Financing, a provider of technology-enabled alternative financing solutions for under-served small businesses, has closed on a $90 million credit facility, consisting of a $60 million senior revolving credit facility and a $30 million junior... Read Story

April 09, 2019, 08:55 AM

BlueVine, an online lender to small- and medium-sized businesses, announced that it is making term loan financing available for business owners through its suite of online financing solutions. The BlueVine Term Loan provides small- and medium-sized... Read Story

April 09, 2019, 08:45 AM

Hyster-Yale Materials Handling, Inc., its wholly owned subsidiaries, Hyster-Yale Group, Inc., Hyster-Yale Nederland B.V., Hyster-Yale International B.V., Hyster-Yale Holding B.V., Bolzoni Capital Holding B.V., Hyster-Yale UK Limited, Bolzoni Capital... Read Story

April 09, 2019, 08:40 AM

A new survey of more than 1,200 small business owners by OnDeck finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Forty-one percent of small businesses expect... Read Story

April 08, 2019, 09:00 AM

Alvarez & Marsal (A&M) announced the formal establishment of its Cost Optimization service offering within its Private Equity Performance Improvement group. Led by Managing Directors Michael Beetz in San Francisco, and Cliff Hall and Markus Lahrkamp... Read Story

April 05, 2019, 08:55 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility in conjunction with Insignia Capital Group’s investment, which together will help to accelerate MediaAlpha’s growth... Read Story

April 03, 2019, 08:40 AM

Endologix, Inc., a developer and marketer of innovative treatments for aortic disorders, announced that it has entered into a definitive agreement to raise approximately $52 million gross cash proceeds through the issuance of approximately 7.9... Read Story

April 01, 2019, 09:00 AM

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announce the strategic decision to expand the Bank’s corporate advisory and structured finance business under a new Investment Banking division. Eric H. Waser will lead this new group... Read Story

March 29, 2019, 09:10 AM

For years private equity firms have invested in healthcare, but now the pace is quickening as they step up their presence in a highly fragmented health industry, seizing on consolidation opportunities to build a better business model, according to a... Read Story

March 28, 2019, 09:15 AM

B. Riley Capital Management, LLC, a SEC Registered Investment Advisor and wholly-owned subsidiary of B. Riley Financial, Inc. announced that Tim Gramatovich joined the firm as Chief Investment Officer of its newly established credit platform, Gateway... Read Story

March 27, 2019, 09:30 AM

B. Riley FBR, Inc., a full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., served as the exclusive buy-side advisor to Luna Innovations Incorporated in connection with the Company's acquisition of General Photonics... Read Story

March 26, 2019, 08:40 AM

Viemed Healthcare, Inc., a home medical equipment supplier that provides post-acute respiratory care services in the United States, announced that it has entered into an amendment to its two year commercial business loan agreement increasing the line... Read Story

March 25, 2019, 08:59 AM

La Caisse de dépôt et placement du Québec (CDPQ) has acquired a minority stake in Hilco Trading, LLC (d/b/a Hilco Global), an independent financial services company. Following the transaction, CDPQ will own 27% of Hilco Global.Through this new... Read Story

March 22, 2019, 08:40 AM

Tree Line Capital Partners, LLC, (Tree Line) announced the expansion of its lower middle-market direct lending platform with the addition of approximately $800 million of new debt and equity commitments. The new capital commitments have provided Tree... Read Story

March 22, 2019, 08:17 AM

An overwhelming majority (90 percent) of asset-backed securities (ABS) professionals feel that adopting new technologies will be important to preparing their businesses for the next economic cycle, according to Capital One’s sixth annual survey at... Read Story

March 21, 2019, 08:27 AM

AloStar Capital Finance announced that the acquisition of Fenix Parts, Inc. by Stellex Capital Management has been recognized as the “Out-of-Court Restructuring of the Year” in the under $100 million category in the 13th Annual Turnaround Awards by... Read Story

March 19, 2019, 08:14 AM

Total outstandings of private and public nonfinancial-sector debt grew by 5.1% year-to-year as of the final quarter of 2018, reaching a record high of $51.796 trillion, according to a briefing by Moody's Analytics referencing the latest version of... Read Story

March 18, 2019, 08:00 AM

Mitsubishi UFJ Financial Group, Inc. (MUFG) announced its global Healthcare Banking franchise has expanded to include a U.S. Middle Market group. The development of a Middle Market business is a natural extension of MUFG's successful global... Read Story

March 12, 2019, 08:43 AM

Hercules Capital, Inc., the largest and leading specialty finance provider to innovative, venture growth stage companies backed by some of the leading U.S. and top-tier venture capital and select private equity firms, was named 2018 Specialty Finance... Read Story

March 06, 2019, 08:00 AM

Monroe Capital LLC was selected again as the recipient of the 2018 Lower Mid-Market Lender of the Year Award in the Americas region by Private Debt Investor, a global independent publication based in London covering the private debt and private... Read Story

March 05, 2019, 10:05 AM

SSG Capital Advisors, LLC (SSG) acted as the investment banker to Argos Therapeutics, Inc. in the sale of substantially all of its assets to an affiliate of SCM Lifescience Co., Ltd. ("SCM Lifescience") and Genexine, Inc. (Genexine). The sale was... Read Story

March 05, 2019, 10:02 AM

J. Scott Victor, Managing Director of SSG Capital Advisors, LLC (SSG), was named an Influencer of Finance in the Investment Banking category by The Inquirer in Philadelphia. He was presented with the award on February 28th during an awards ceremony... Read Story

March 01, 2019, 07:05 AM

Hitachi Capital America Corp. has signed a definitive agreement to purchase the assets of Ohio-based Global Technology Finance, a supply chain financing provider to value added resellers (VARs) in the technology industry. The decision to acquire... Read Story

February 26, 2019, 08:02 AM

Maranon Capital, L.P., an investment firm focused on private credit investments in middle market companies, announced that Eldridge Industries has increased its investment in Maranon, now holding a majority ownership position. In addition to the... Read Story

February 04, 2019, 08:00 AM

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that it acted as administrative agent, lead arranger, and book runner for a $1.2 billion asset-based credit facility and a $125 million term loan facility in connection with the... Read Story

February 01, 2019, 08:10 AM

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

January 31, 2019, 08:15 AM

Middle-market companies seeking growth or liquidity have fueled a strong mergers and acquisitions market in recent years and expectations remain high for this year, but Citizens Commercial Banking’s annual survey found many companies see a slowdown... Read Story

January 30, 2019, 09:00 AM

Antares announced that it closed more than 300 transactions in 2018, issuing nearly $25 billion in financing commitments including approximately $1.5 billion in new unitranche program commitments, and syndicating approximately $15 billion of credit... Read Story

January 29, 2019, 08:25 AM

American credit specialist CIFC has launched a UCITS fund as it builds its presence in Europe. The CIFC Global Floating Rate Credit Fund opens up access to the firm’s structured credit expertise for the first time in a UCITS format. It will invest in... Read Story

January 29, 2019, 07:00 AM

Capital One announced that its unitranche loan program, ULTra, closed approximately $1.1 billion in commitments to borrowers in the healthcare and services industries in 2018.  The program, with HPS Investment Partners as its strategic co-investor... Read Story

January 28, 2019, 08:00 AM

SSG Capital Advisors, LLC acted as the exclusive investment banker to American Fuel Cell and Coated Fabrics Company on its sale of substantially all of its assets to an affiliate of LB Advisors, LLC and Playa Capital Partners, LLC.  The sale was... Read Story

January 21, 2019, 07:11 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $203.1 million in new middle-market investment commitments during the three months ended December 31, 2018. Approximately 77% of the new middle-market investment... Read Story

January 14, 2019, 07:06 AM

Capital One announced that its Healthcare Corporate Finance group was once again the No. 1 lead arranger, measured by number of deals, for healthcare leveraged loans up to $1 billion, according to Refinitiv (formerly Thomson Reuters Financial & Risk)... Read Story

January 08, 2019, 08:00 AM

Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo Gordon, announced that it has committed over $2 billion to private equity sponsors in support of healthcare sector transactions in the middle market, including over $1... Read Story

January 07, 2019, 07:47 AM

The $1.3 trillion leveraged loan market is facing a shakeup as investors begin to lose faith in the value of the assets used to back the large debt facilities that many large yet struggling companies use to finance operations and growth, Bloomberg... Read Story

January 04, 2019, 08:19 AM

Ares Management Corporation announced the final closing of its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund (SDL). SDL was significantly oversubscribed relative to its initial target of $2 billion in L.P.... Read Story

January 04, 2019, 08:00 AM

On December 27, 218 ABL Advisor erroneously published a news story involving the firm LIG Assets, Inc. that was originally published in 2013. The information is now outdated. We make every effort to verify the information we receive prior to... Read Story

December 28, 2018, 02:00 PM

Heritage Global Partners, a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc., announced it has entered into a strategic partnership with Napier Park Global Capital (“Napier Park”), to pursue acquisition... Read Story

December 21, 2018, 09:01 AM

Gladstone Capital Corporation, a business development company, announced that it originated and closed approximately $50 million in new lower middle-market investments to date during the three months ending December 31, 2018.  Approximately 78% of... Read Story

December 20, 2018, 08:10 AM

The Securities and Exchange Commission announced that Fifth Street Management LLC, formerly an SEC-registered investment adviser based in Greenwich, Connecticut, has agreed to settle charges relating to the misallocation of certain expenses to its... Read Story

December 07, 2018, 08:00 AM

Monroe Capital LLC announced the final close of its 2018 Monroe Capital Private Credit Fund III (“Fund”) at $1.33 billion of limited partner commitments with over 100 investors in eight countries, eclipsing the Fund target of $800 million. When... Read Story

November 27, 2018, 08:11 AM

ABL Advisor's offices will be closed on Thursday, November 22nd and Friday, November 23rd in observance of Thanksgiving. We will return with our Daily eNews Blast on Monday, November 26th. We wish all our readers a safe and happy Thanksgiving... Read Story

November 21, 2018, 07:01 AM

CIT Group Inc. revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting... Read Story

November 16, 2018, 07:45 AM

Aligning operational risk management (ORM) with strategy could enable strategic change, improve business performance and enhance customers’ experience for financial institutions. However, only half of firms surveyed with less than $250 billion in... Read Story

November 12, 2018, 08:00 AM

Tapping new sources of collateral is the key to gaining an edge in today’s hypercompetitive asset-based lending sector, noted Bradley W. Snyder, Executive Managing Director of Tiger Group, during a panel sponsored by the new Washington chapter of the... Read Story

November 06, 2018, 07:03 AM

Bibby Financial Services North America (BFS) funded close to $60 million in alternative financial solutions for more than 240 new clients in the U.S. and Canada during Q2 & Q3 of 2018, bringing the company’s mid-year funding outlook to a double-digit... Read Story

October 22, 2018, 07:15 AM

H.I.G. Capital (H.I.G.), a global alternative asset management firm with $28 billion of equity capital under management, announced the closing of H.I.G. Growth Buyouts & Equity Fund III. The Fund closed with aggregate capital commitments of $970... Read Story

October 19, 2018, 08:00 AM

Amur Equipment Finance, Inc. (AmurEF) announces the completion of its sixth term securitization and second securitization this year. A total of $250,944,000 in rated securities secured by equipment leases and loans originated by AmurEF were issued... Read Story

October 19, 2018, 07:10 AM

The Alternatives Reference Rates Committee's (ARRC) suggestions for addressing the discontinuation of LIBOR leave some risk to borrowers and lenders with respect to loan repricing, according to Fitch Ratings.As anticipated, the ARRC has recently... Read Story

October 10, 2018, 08:01 AM

PNC Bank launched the national expansion of retail banking, leveraging an array of digital banking capabilities and featuring a new high-yield savings account available to new customers who reside beyond PNC's traditional market of 19 states and... Read Story

October 02, 2018, 07:06 AM

For the first time, finance leaders are joining world leaders from government and health to launch The Tobacco-Free Finance Pledge. The Pledge encourages signatories to consider the adoption of tobacco-free finance policies across lending, insurance... Read Story

September 27, 2018, 08:00 AM

Hilco Streambank, an advisory firm specializing in the sale of intellectual property assets, is marketing for sale the Excel.com premium domain name. Hilco Streambank has set an initial offer deadline of October 18, 2018 and set a minimum opening bid... Read Story

September 21, 2018, 07:13 AM

Hilco Streambank announced the continued globalization of its intellectual property advisory services platform with the integration of Hilco Global’s European Intellectual Property services office in the U.K. The U.K. office will continue to be... Read Story

September 12, 2018, 07:10 AM

Diebold Nixdorf announced it has secured a capital commitment for $650 million from two leading institutional lenders and has launched a process to amend its existing credit agreement. The company expects to complete these activities over the coming... Read Story

August 28, 2018, 07:09 AM

According to a Bloomberg report, Social Finance, Inc. is in talks with banks to secure a revolving line of credit of as much as $1 bllion after posting a second quarter loss, according to people famiar with the atter. According to the report, the... Read Story

August 17, 2018, 08:28 AM

Equity Partners HG, a subsidiary of Heritage Global, has been selected as an Outstanding Investment Banking Firm by the Beard Group’s Turnarounds & Workouts publication.  Turnarounds & Workouts is a newsletter for corporate restructuring... Read Story

August 17, 2018, 07:00 AM

Lincoln International released the second quarter 2018 issue of its Lincoln Middle Market Index (Lincoln MMI). The Lincoln MMI is a unique index measuring middle market enterprise values. The first-of-its-kind index provides a useful benchmarking... Read Story

August 16, 2018, 08:18 AM

Hitachi Capital America (HCA) announced that its trade finance team is in the process of expanding its capabilities to Mexico and continues to see substantial growth in its trade finance portfolio.Mexican companies seeking liquidity and balance sheet... Read Story

August 16, 2018, 08:00 AM

The Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares Capital LP and Bain Capital Credit, LP, announced that it closed four unitranche transactions in July with new and existing borrowers totaling $794 million... Read Story

August 08, 2018, 07:12 AM

Cedar Croft Consulting, in its capacity as financial advisor, structures and secured a $17MM senior secured revolving and term loan credit facility for the turnaround of a large family-owned retailer and wholesaler tile distributor in Los Angeles... Read Story

August 06, 2018, 08:00 AM

Global alternative asset manager The Carlyle Group announced the final close of Carlyle Partners VII, an $18.5 billion fund that makes majority and strategic minority investments primarily in the U.S. across five industries: Aerospace, Defense &... Read Story

July 30, 2018, 08:00 AM

Prudential Capital Group provided $5.3 billion of senior debt and junior capital to middle-market companies and projects globally in the first half of 2018. "Our global footprint and our origination platform have enabled us to meet borrower demand... Read Story

July 20, 2018, 07:00 AM

Hilco Global announced it will be donating thousands of new children’s toys and baby products to underprivileged children throughout Chicago and Boston with an in-kind donation totaling $1 million retail. The donation is part of an ongoing company... Read Story

July 16, 2018, 07:03 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $195.8 million in new middle-market investment commitments during the three months ended June 30, 2018. Approximately 87% of the new middle-market investment... Read Story

July 13, 2018, 08:00 AM

The ABL Advisor office will be closed on Wednesday, July 4 in observance of Independence Day. We will return on Thursday, July 5 to bring you our coverage of the equipment finance industry.We wish our readers a safe and happy holiday! Read Story

July 03, 2018, 11:00 PM

A flood of private equity investment into the institutional middle market has pushed the share of highly leveraged deals in the sector to record highs, with more lenders negotiating "borrower-friendly" deals that include lower spreads, looser... Read Story

June 25, 2018, 08:00 AM

Harsco Corporation announced amendments to its existing senior secured credit facilities in order to, among other things, reduce the interest rate applicable to the $545 million of term loans outstanding and increase the amount of its revolving... Read Story

June 21, 2018, 07:05 AM

Rockland Trust announced financial transactions totaling more than $38.275 million with local businesses located north of Boston. The funding will be applied to enhancing existing operations and positioning the companies for future growth. The loans... Read Story

June 18, 2018, 07:06 AM

WaterBridge Resources LLC  announced that its subsidiary WaterBridge Operating LLC has entered into a $200 million revolving credit facility led by SunTrust Bank with a syndicate of nine financial institutions.  The Credit Facility will be used for... Read Story

June 15, 2018, 07:15 AM

Leveraged lending was higher in May, taking year to date volume past the $500 billion mark, according to the latest data from Thomson Reuters. Volume was driven by a jump in institutional activity, which accounts for 69% of issuance this year.... Read Story

June 13, 2018, 08:01 AM

Encina Business Credit, LLC (EBC) announced that it has upsized an existing asset-based revolving credit facility to a government services company from $25 million to $73.5 million. The increase in commitment amount coincides with the company closing... Read Story

June 07, 2018, 07:12 AM

GrowGeneration Corp., one of the largest specialty retail hydroponic and organic gardening stores, announced that it has received $10 million from strategic investors, including a $7.5 million investment from Gotham Green Partners (GGP). GGP is a New... Read Story

May 10, 2018, 07:18 AM

Gibraltar Business Capital recently closed three asset-based loans for a variety of organizations to meet their unique business needs. In just 32 days, Gibraltar closed an $8 million credit facility with a $15 million accordion for a sponsor-owned... Read Story

May 09, 2018, 07:00 AM

The Ares Management, L.P. Credit Group is providing additional details on certain new financing commitments in its U.S. direct lending strategies that closed during the first quarter of 2018, which totaled approximately $3.0 billion in commitments... Read Story

May 07, 2018, 07:13 AM

DS-Concept, a global provider of trade finance solutions for small and medium-sized enterprises, has changed its name to Tradewind. The firm, a recognized leader in international export factoring, decided on the change in order to illustrate its... Read Story

May 03, 2018, 07:10 AM

CIT Direct Capital announced the results of its new survey conducted by The Harris Poll revealing that nearly three out of four small businesses in the U.S. plan to expand their product and service offerings this year.  "With strong expectations for... Read Story

May 01, 2018, 07:23 AM

Hitachi Business Finance, a division of Hitachi Capital America Corp., recently participated in five syndicated transactions and provided two A/R financing facilities for a total of $74.2 million.As participants in syndicated transactions, Hitachi... Read Story

April 25, 2018, 07:07 AM

Bibby Financial Services North America (BFS) provided funding during Q1 2018 to 91 new clients in the U.S. and Canada. BFS saw a 30% growth in the number of clients funded in Q1 2018 compared to Q1 2017, with nearly $23M in total funding facilities... Read Story

April 23, 2018, 07:30 AM

Additional Business Development Companies (BDCs) are likely to seek board and/or shareholder approval to increase leverage to 2.0x from 1.0x following recent changes from the Small Business Credit Availability Act, which was signed into law on March... Read Story

April 16, 2018, 07:08 AM

The financial institution that recently agented a $193 million debtor-in-possession financing for bankrupt gunmaker Remington says that going forward it will no longer provide capital to companies that produce civilain-style assault rifles, like the... Read Story

April 13, 2018, 07:30 AM

Gordon Brothers, the global advisory, restructuring and investment firm, announced that it has expanded its presence in Australia with the opening of a Melbourne office. The firm entered the Australian market in the spring of 2017 in Sydney. Gordon... Read Story

April 11, 2018, 07:19 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $136.0 million in new middle-market investment commitments during the three months ended March 31, 2018. Approximately 79% of the new middle-market investment... Read Story

April 11, 2018, 07:19 AM

Mitsubishi UFJ Financial Group, Inc. (MUFG) announced that its core commercial banking subsidiary, The Bank of Tokyo-Mitsubishi UFJ, Ltd., has changed its name to MUFG Bank, Ltd., as of April 1, 2018. The name MUFG Bank aligns with MUFG Group brand... Read Story

April 02, 2018, 07:27 AM

SierraConstellation Partners, LLC (SCP), an interim management and advisory firm to middle-market companies in transition, has been honored by The M&A Advisor, the world’s premier leadership organization for mergers & acquisitions, restructuring and... Read Story

March 23, 2018, 07:00 AM

Hilco Global Mexico, a division of Northbrook, Illinois based Hilco Global, has announced the acquisition of a large portfolio of non-performing collateralized loans from one of the most important banks in Mexico.  Terms of the deal and acquisition... Read Story

March 13, 2018, 07:40 AM

Momentive Performance Materials Inc., a wholly owned subsidiary of MPM Holdings Inc., Momentive Performance Materials Holdings Inc., the parent of the Company, and certain subsidiaries of the Company entered into an amendment agreement with certain... Read Story

March 05, 2018, 07:00 AM

Monroe Capital LLC was selected again as the recipient of the 2017 Lower Mid-Market Lender of the Year Award in the Americas region by Private Debt Investor, a global independent publication based in London covering the private debt and private... Read Story

March 01, 2018, 08:01 AM

Tree Line Capital Partners, LLC,  announced the expansion of its lower middle-market direct lending platform with $267 million of new capital. The capital, from new debt and equity commitments received in 2017, was invested across the Tree Line... Read Story

February 15, 2018, 07:14 AM

Robert Katz, a managing director in EisnerAmper’s Bankruptcy and Restructuring Group, was named “Distressed M&A Dealmaker of the Year” by The M&A Advisor. The awards will be presented during the 12th Annual Turnaround Awards Gala at the 2018 M&A... Read Story

February 14, 2018, 08:01 AM

Just one year after its initial launch, Capital One announced that its unitranche loan program, ULTra, closed more than $1 billion in commitments to borrowers in the healthcare industry in 2017.  The program, with HPS Investment Partners as its... Read Story

February 02, 2018, 07:30 AM

Redpoint Capital Group, LLC, an alternative credit manager focused on private lending across multiple asset classes, announced that the firm will rebrand itself and operate as Park Cities Asset Management, LLC, effective immediately. Park Cities will... Read Story

February 02, 2018, 07:30 AM

1st Source Corporation, parent company of 1st Source Bank, announced important investments in its people as a result of record performance in 2017 and new tax legislation opportunities.  These new investments include the following: The issuance of... Read Story

January 30, 2018, 07:08 AM

Sentinel Capital Partners, a private equity firm that invests in promising lower middle market companies, announced the simultaneous first and final closings of Sentinel Capital Partners VI, L.P. at $2.15 billion and Sentinel Junior Capital I, L.P.... Read Story

January 26, 2018, 07:10 AM

Prospect Capital Corporation announced that Prospect has purchased $25 million of first lien senior secured floating rate notes issued to support the recapitalization of Luminex Home Décor & Fragrance Company, LLC ("Luminex"). Luminex is a portfolio... Read Story

January 26, 2018, 07:05 AM

Tennenbaum Capital Partners, LLC, an alternative investment management firm, announced the closing of TCP Direct Lending Fund VIII and its affiliated vehicles with more than $1.9 billion of investor equity commitments.DLF VIII is a continuation of... Read Story

January 24, 2018, 07:10 AM

Axial, a trusted deal network for the middle market, announced its members have closed more than $25 billion in deals on 2,000-plus M&A and growth capital transactions since Axial’s launch in 2010. To facilitate these closed transactions, Axial... Read Story

January 19, 2018, 07:00 AM

Mercom Capital Group, llc, a clean energy research and communications firm, has released its 2017 Q4 and annual report on funding and merger and acquisition (M&A) activity for the solar sector.Total global corporate funding into the solar sector... Read Story

January 16, 2018, 07:00 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $142.2 million in new middle-market investment commitments during the three months ended December 31, 2017. Approximately 72% of the new middle-market investment... Read Story

January 12, 2018, 07:30 AM

Hitachi Business Finance, a source of opportunity for entrepreneurs seeking solutions beyond traditional lending, is celebrating its most successful year yet, having provided $139 million in working capital financing to companies of all sizes across... Read Story

January 11, 2018, 07:30 AM

A survey of current trends in U.S. middle market lending revealed substantial and growing concern about the higher amounts of debt leverage carried by middle market companies heading into 2018, and found that less restrictive loan documents are a... Read Story

January 10, 2018, 07:27 AM

Far West Capital, a privately funded commercial finance company headquartered in Austin, announced a new high: $5.3 billion in financing to high-growth entrepreneurs since its inception in 2007; over $900 million was provided in 2017 alone. With more... Read Story

January 09, 2018, 07:19 AM

According to a new report from Preqin, 2017 was a record year for private debt fundraising, as a combined $107 billion was raised by 136 vehicles. North America saw the most activity, with 75 funds focused on the region raising a total of $67 billion... Read Story

January 05, 2018, 07:30 AM

Macquarie Infrastructure Corporation announced the successful refinancing and upsizing of its holding company level senior secured revolving credit facility to $600 million with J.P. Morgan Chase Bank, N.A., as administrative agent and the lenders... Read Story

January 05, 2018, 07:15 AM

U.S. syndicated loan issuance broke $2.5 trillion in 2017 for the first time, beating 2013’s $2.14 trillion record, Thomson Reuters LPC reports. The surge in new lending was driven by refinancing volume of $1.7 trillion. Refinancings made up 68% of U... Read Story

January 03, 2018, 08:00 AM

The staff of ABL Advisor would like to extend our best wishes for a happy holiday season and our sincere thanks for your loyalty and goodwill throughout the year! ABL Advisor's Daily eNews Blast will not be published the week of December 25th.We will... Read Story

December 22, 2017, 09:01 AM

Gibraltar Business Capital recently closed two new accounts receivable credit facilities to help private companies advance their productions during short-term transitional periods.  One was a $4.5 million credit facility for CDA Inc., a Charlotte, N... Read Story

December 20, 2017, 07:00 AM

GNC Holdings, Inc., a global specialty health, wellness and performance retailer, announced that it has decided not to proceed with its previously announced plans to issue, via its wholly-owned subsidiary, General Nutrition Centers, Inc., senior... Read Story

December 11, 2017, 07:00 AM

Stonebriar Commercial Finance announced the closing of SCFET 2017-2, a $374 million asset-backed securitization transaction. SCFET 2017-2 marks the third securitization transaction that Stonebriar has closed in the last 18 months, bringing total... Read Story

December 07, 2017, 07:00 AM

Lending to U.S. private equity-owned companies hit a record high in November, with the bulk of the surge in new capital attributed to increased refinancing and repricing activity, according to Thomson Reuters LPC data. Refi and repricing deals... Read Story

December 05, 2017, 08:00 AM

The New York Institute of Credit (“NYIC” or the “Association”), educator to the financial community, is celebrating its 100th year in 2018. In the ever-changing financial landscape, NYIC has been the one constant for the credit industry over the last... Read Story

November 29, 2017, 07:30 AM

Sterling Bancorp, Inc. announced that it has completed its initial public offering of 15,000,000 shares of common stock at a price to the public of $12.00 per share and atotal offering size of $180,000,000. Sterling sold 7,692,308 shares and the... Read Story

November 22, 2017, 07:18 AM

North Avenue Capital (NAC), a specialized commercial lender, has announced the recent closing of over $11.5 million in USDA Rural Development Business & Industry loans to three rural businesses. Having secured this strategic debt financing, the... Read Story

November 21, 2017, 07:15 AM

The Healthcare division of Wells Fargo Corporate Banking has made significant investments to expand its practice since its formalization. Healthcare Corporate Banking has doubled its capital commitments to the for-profit health care industry and has... Read Story

November 17, 2017, 07:16 AM

1STWEST Background Due Diligence , a global provider of comprehensive background checks and enhanced due diligence, has announced its national certification as a WBE-Certified Women’s Business Enterprise by the Women’s Business Enterprise National... Read Story

November 09, 2017, 07:17 AM

Bibby Financial Services (BFS) announced that it funded 81 new clients in Q3 of 2017, providing $23.8M in commercial lending to small and medium-sized businesses (SMBs) in North America. BFS Canada brought on 24 new clients and BFS U.S. brought on 59... Read Story

November 01, 2017, 07:07 AM

Golub Capital BDC, Inc,, a business development company, announced that it originated $128.9 million in new middle-market investment commitments during the three months ended September 30, 2017. Approximately 85% of the new middle-market investment... Read Story

October 11, 2017, 07:17 AM

Bank of the West's Commercial Banking Group announced the opening of a new Commercial Banking Center in Dallas, Texas at Galleria One Tower, 13355 Noel Road, Suite 225, to address the growing global needs of middle-market businesses and the large... Read Story

October 03, 2017, 08:15 AM

With three-quarters of all new loans considered "covenant-lite," lenders are now eyeing deals that include too many additional protections with suspicion, according to a report from Bloomberg. The report notes that lenders are favoring lenient terms... Read Story

September 25, 2017, 07:42 AM

FS Investments, an alternative investment manager and the largest manager of business development companies (BDCs), announced that its BDC direct lending platform committed more than $1.1 billion in senior secured loans and other debt and equity... Read Story

September 18, 2017, 07:29 AM

TAB Bank announced it has provided a $1 million revolving credit facility for an active eyewear company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital... Read Story

August 23, 2017, 07:00 AM

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF), announced that it has surpassed $1 billion in commitments and also announced the promotions of Nick O’Brien, Mike Trojanowski and Bob Joyce... Read Story

August 11, 2017, 08:00 AM

Business Development Companies (BDCs) that rely on Collateralized Loan Obligations (CLO) as a part of their funding strategies are asking the federal government to reconcile conflicting legal guidelines that they argue place unrealistic, competing... Read Story

July 21, 2017, 08:18 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $241.9 million in new middle-market investment commitments during the three months ended June 30, 2017. Approximately 88% of the new middle-market investment... Read Story

July 10, 2017, 07:00 AM

Encina Business Credit announced that it has provided a $25 million asset-based revolving credit facility to a government services company that is based in the Mid-Atlantic region of the U.S. The credit facility consists of a revolver secured by... Read Story

June 26, 2017, 07:36 AM

JPMorgan Chase opened its inaugural commercial banking office in Nevada last week, appointing Executive Director Megan Ackaert to oversee lending to middle-market companies with annual revenues starting at $20 million, according to multiple press... Read Story

June 12, 2017, 07:30 AM

TCG BDC, Inc.announced that it plans to make an initial public offering of 9,000,000 shares of its common stock. TCG BDC is expected to list its common stock on the NASDAQ Global Select Market under the symbol “CGBD.” The underwriters are expected to... Read Story

June 12, 2017, 07:18 AM

Lenders are finding it less appealing to join together in unitranche funding deals as falling yields coupled with larger deal sizes have dampened returns, reports Reuters LPC. According to LPC, at least 12 joint ventures were formed between 2014 and... Read Story

June 05, 2017, 07:30 AM

Store closing sales have just begun at 14 select Bachrach locations under the approval of a U.S. Bankruptcy Court. Deep discounts are being offered at all closing locations starting May 1, 2017. Store fixtures, furniture and equipment will be... Read Story

May 24, 2017, 11:00 AM

Hitachi Business Finance has expanded its financing solutions to include syndicated lending and in the past quarter, provided $65 million to three U.S. companies. Hitachi Business Finance offers hold positions that range from $5-$25 million and... Read Story

May 19, 2017, 07:56 AM

Carl Marks Advisors, a corporate restructuring and investment banking firm to middle market companies, announced that Evan Tomaskovic, a Partner at Carl Marks Advisors and manager of the firm’s investment banking group, was named among Global M&A... Read Story

May 03, 2017, 07:12 AM

Lombard Global, Inc., a global corporate finance and management advisory firm, announced a key alliance with Glendale Capital Partners in to its flagship Corporate Finance practice. This strategic alliance will add depth and breadth to both firms by... Read Story

April 17, 2017, 07:14 AM

Gavin/Solmonese, the Wilmington-based restructuring and turnaround management consulting firm, recently received two industry awards from M&A Advisor at its 11th annual Turnaround Awards.Restructuring 2017 Deal of the Year and Energy Deal of the Year... Read Story

April 14, 2017, 07:10 AM

Super G Funding, LLC announces corporate name change to Super G Capital, LLC to reflect increased lending size, expanded deal team and push into the lower middle market. Super G Capital has transformed into the leading provider of second lien debt... Read Story