Adapting to ongoing shifts in consumer behavior is key to recovering asset value, advises Michael McGrail in Q&A with ABL Advisor. Retailers’ store-closing and going-out-of-business sales are performing better than expected—especially in categories...
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October 22, 2020 @ 04:00 PM
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Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree”) announced today that they have launched Encina Lender Finance, LLC (“ELF”), a new independent lender finance platform targeting...
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October 22, 2020 @ 08:30 AM
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Great Rock Capital closed a $16 million senior secured credit facility with Virginia Explosives & Drilling Company (VEDCO), a leading full service drilling and blasting company.The increased borrowing capacity provides VEDCO with additional liquidity...
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October 22, 2020 @ 08:15 AM
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NXT Capital closed a senior credit facility to finance ShoreView Industries refinance of Monroe Engineering. NXT Capital acted as the Sole Lender and Administrative Agent on this transaction. Founded in 1957 and headquartered in Rochester Hills...
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October 22, 2020 @ 08:00 AM
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CIT Group announced that its Asset-Based Lending and Sponsor Finance businesses, both part of the Commercial Finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions...
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October 22, 2020 @ 07:50 AM
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Hilco Redevelopment Partners (HRP) announced that the company will invest hundreds of millions of dollars to decommission, demolish and remediate the former PES Refinery site, a site that has been a source of pollution for more than 150 years. HRP...
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October 22, 2020 @ 07:40 AM
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Alvarez & Marsal (A&M) has appointed New York-based Luigi “Lou” Peluso a Managing Director in its Private Equity Performance Improvement group. Mr. Peluso, who has extensive experience in the aerospace and defense industries, will serve in the firm’s...
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October 22, 2020 @ 07:30 AM
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Fifth Third Bank announced its second equity investment in Bellwether Enterprise Real Estate Capital, LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (ECI). In addition...
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October 22, 2020 @ 07:00 AM
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Fitch Ratings’ sector outlook for business development companies (BDCs) is worsening for 2021, driven by the expectation for weaker asset quality metrics and the potential for valuation volatility as a result of the challenging economic backdrop...
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October 21, 2020 @ 09:05 AM
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Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, announced six additions to its growing team. The expansion reflects current and anticipated growth in demand for advisory...
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October 21, 2020 @ 09:00 AM
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