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Week's News

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

Filed Under: Industry News
August 06, 2020 @ 09:19 AM

Total commercial Chapter 11 filings in July increased 52 percent from the previous year, according to data provided by Epiq. Commercial Chapter 11 filings totaled 643 in July, expanding from the July 2019 total of 423, according to the American... Read Story

Filed Under: Bankruptcy
August 06, 2020 @ 09:15 AM

ENGS Commercial Finance Co. announced that its working capital subsidiary, ENGS Commercial Capital (ECC), recently closed and funded a $30 million non-recourse factoring facility for an industry leading market technology services company.For over 40... Read Story

Filed Under: Technology
August 06, 2020 @ 09:10 AM

Citizens Bank announced that its Community Development Group has provided a $19 million loan to 2601 Poplar OZ, LLC, whose sponsor is Daniel Greenberg, for the acquisition and construction of a new mixed used project at 2601 Poplar St. in... Read Story

Filed Under: Real Estate
August 06, 2020 @ 09:05 AM

Amerisource Business Capital closed and funded a $6,500,000 credit facility for a chemical and additive manufacturer based in Texas. Proceeds of the facility were used to support the company’s continued growth. Doug Forbes, Regional Market Manager... Read Story

Filed Under: Chemicals
August 06, 2020 @ 08:00 AM

Leading global professional services firm Alvarez & Marsal (A&M) has announced the hiring of Rick Kozole as Managing Director. Based in Detroit, Mr. Kozole will serve as the leader of the firm’s North American Automotive and Industrials Group. Mr.... Read Story

Filed Under: New Venture
August 05, 2020 @ 09:00 AM

Context Business Lending (CBL), a leading family office-backed specialty finance company focused on asset-based lending ("ABL"), announced new executive talent hires to support its rapid growth during this unprecedented time for the lending market... Read Story

August 05, 2020 @ 08:55 AM

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a power generation component part manufacturer and distributor based in Connecticut. The company is recapitalizing its balance sheet and needed a... Read Story

Filed Under: Manufacturing
August 05, 2020 @ 08:50 AM

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

Filed Under: Industry News
August 05, 2020 @ 08:45 AM

AlixPartners, the global consulting firm, announced that Chudozie Okongwu, PhD has joined the firm as a Managing Director in its Investigations, Disputes & Risk practice. He is working from AlixPartners’ London and New York offices.Dr Okongwu... Read Story

August 05, 2020 @ 08:40 AM