Phil Neuffer, Author at ABFJournal

PIMCO, Davidson Kempner, Sixth Street Provide $750MM in Exit Financing to Neiman Marcus

Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.

BGL Establishes Debt Capital Markets Group

Brown Gibbons Lang & Company established a debt capital markets group with the addition of Jason Sutherland, Olivier Lopez and Collin Supple. Sutherland and Lopez joined as managing directors and Supple joined as a vice president.

September 28, 2020 Brown Gibbons Lang & Company | Collin Supple | Jason Sutherland | Olivier Lopez Phil Neuffer

Dances With Wolves: The Importance of Having the Right BDO in Out-of-Footprint ABL

The quest for coast-to-coast asset-based lending shops has created an intensely competitive “frontier” in the lending environment. Charlie Perer examines this trend and concludes that hiring the right business development officer must be a top priority to succeed.

September 22, 2020 Asset Based Lending | Charlie Perer | SG Credit Partners Phil Neuffer

GSO Capital Partners Funds Blackstone’s New Portfolio Company with $250M

GSO Capital Partners committed $250 million in capital to Blackstone’s new portfolio company, ClearGen, which will finance and own distributed and sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.

AloStar Capital Finance Rebrands as Cadence Business Finance

Cadence Bank rebranded AloStar Capital Finance, a division of the bank that provides asset-based lending and specialty finance solutions, to Cadence Business Finance. In addition, Norbert Schmidt was appointed executive vice president and director of capital finance.

September 18, 2020 AloStar Capital Finance | Cadence Bank | Cadence Business Finance | Hank Holmes | Norbert Schmidt Phil Neuffer

Enservco Enters Debt Restructuring Agreement with East West Bank

Enservco signed a non-binding letter of intent with East West Bank to amend its existing senior revolving credit facility to reduce bank debt by $16 million, amend the current facility into a term loan and provide a new working capital revolving line of credit in exchange for equity.

September 18, 2020 Cross River Partners | East West Bank | ENSERVCO | Rich Murphy Phil Neuffer

Advantage Capital Completes Financing with Las Vegas-Based Staffing Agency

Advantage Capital completed a small business loan for All-In Recruiting, which is a minority- and woman-owned boutique staffing and recruitment agency specializing in placing top talent and diverse professionals in mid- to senior-level positions for large tech companies.

September 18, 2020 Advantage Capital | All-In Recruiting | Dina Neal | Lauren Anderson | Leah Hendricks Phil Neuffer

Churchill Hires Industry Veteran Freeze as Head of Investor Relations

Churchill Asset Management, an investment-specialist affiliate of Nuveen, hired Christopher Freeze as senior managing director and head of investor relations. Freeze spent more than nine years at the Carlyle group previously.

September 18, 2020 Carlyle Group | Christopher Freeze | Churchill Asset Management | Ken Kencel | Nuveen Phil Neuffer

Crestmark Secures Nearly $7MM in ABL Solutions in H1/Sept

Crestmark secured more than $27.3 million in commercial financing transactions in the first half of September, including a total of $6.973 million in ABL financial solutions for four new clients.

September 18, 2020 Crestmark Phil Neuffer

CIT: COVID-19 Pandemic Highlights Value of Tech and Talent Investment for Business

For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining tech-savvy workforces, according to a new survey conducted by The Harris Poll for CIT.

September 18, 2020 CIT | David Harnisch | Denise Menelly | Ken Martin | The Harris Poll Phil Neuffer

Author: Phil Neuffer