Matrix Capital Markets Advises Midwestern Propane Gas in Sale to ThompsonGas
Matrix Capital Markets Group advised Midwestern Propane Gas on the sale of its propane distribution business to ThompsonGas.
Matrix Capital Markets Group advised Midwestern Propane Gas on the sale of its propane distribution business to ThompsonGas.
Derrick Wong of Pacific Premier Bank spoke with Rey Abundo of Great Rock Capital and Orrin Belden of Celtic Capital about how the asset-based lending community in California is holding up during the COVID-19 pandemic, providing a potential bellwether for the industry at large.
Funds managed by Ares Management’s credit group closed approximately $1.7 billion in commitments across 24 transactions during Q2/20 and approximately $4.4 billion in commitments across 64 transactions in the year-to-date period.
First Eagle Alternative Credit appointed Michelle Handy, a managing director and head of portfolio and underwriting for the firm’s direct lending platform, to its direct lending investment committee.
Monroe Capital Corporation, a business development company affiliate of Monroe Capital, reported net investment income of $12.6 million, or $0.61 per share, in Q2/20 compared with $6.8 million, or $0.33 per share, for the quarter ended March 31, 2020.
Metropolitan Bank Holding, the holding company for Metropolitan Commercial Bank, appointed Dixiana M. Berrios chief operating officer. Berrios has more than 24 years of experience and was previously executive vice president and director of operations at Amalgamated Bank.
ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, closed and funded a $30 million non-recourse factoring facility for a market technology services company.
Total commercial Chapter 11 filings in July 2020 increased 52% from the previous year, according to data provided by Epiq.
Viad Corp closed on an agreement with funds managed by private equity firm Crestview Partners for the private placement of up to $180 million of preferred stock, and an agreement with its lender group to enhance its financial flexibility for the next eight fiscal quarters.
Huntington Business Credit closed new credit facilities totaling $25.128 million with LL Flex, which is owned by Centre Lane Partners. LL Flex used proceeds of the facilities to refinance existing debt and provide ongoing working capital growth financing.