Regions Bank Provides $75MM Bi-Lateral Credit Facility to Dext Capital
Regions Bank closed a $75 million bi-lateral asset-backed facility for Dext Capital, providing financing for commercial equipment loans and leases.
Regions Bank closed a $75 million bi-lateral asset-backed facility for Dext Capital, providing financing for commercial equipment loans and leases.
Rosenthal & Rosenthal completed two separate factoring deals out of its Southeast office totaling $35 million.
According to Epiq, continuing the trend from August, commercial Chapter 11 filings in September were up 78% compared with September 2019, with 747 new filings vs. 420 during September of last year.
TAB Bank provided a $2 million revolving credit facility for a digital commerce company in Florida. The new facility is extended through a multi-year agreement and will support growth.
Charles Schwab completed its acquisition of TD Ameritrade. The integration of the two companies’ operations is expected to occur over the next 18 to 36 months.
VSS completed a growth investment in Podiatry Growth Partners, supporting the national expansion of the practice management platform.
Fast AR Funding provided a $150,000 selective recourse factoring facility without any contracts, minimums or start-up fees to a West Coast apparel brand that needed a factoring partner to support its growth in 2020.
FrontWell Capital Partners, a private credit fund that provides transitionary senior debt financing to middle market companies in the United States and Canada, formed a new advisory board, consisting of senior advisors Matthew Lyness, Uwe Manski and Eric Klein.
Churchill Asset Management hired Kelli Marti as managing director and CLO portfolio manager. Marti previously worked for Crestline Denali Capital, Heller Financial and First Source Financial.
HPS Investment Partners closed its Mezzanine Partners 2019 Fund with total investable capital of more than $11 billion, including approximately $9 billion in equity commitments, which exceeded the fund’s target equity capitalization of $8 billion.