Not all types of inventory are treated the same when being considered as collateral within a lending agreement. Neha Malhotra follows up a previous article on accounts receivable ineligibles to discuss types of ineligible inventory as well as how such inventory is appraised from a lending perspective.
Fetch, the developer of a consumer rewards app, secured $50 million in debt financing from Morgan Stanley Private Credit after achieving profitability in Q4/23.
Capital Southwest SPV LLC, a wholly-owned subsidiary of Capital Southwest, entered into a senior secured revolving credit facility with the New York branch of Deutsche Bank. The facility provides for $150 million of initial commitments.
Cambridge Savings Bank’s asset-based lending team provided a $10.5 million credit facility to Stauer, a direct marketing retailer offering consumers affordable jewelry, watches, accessories and collectibles.
Briar Capital Real Estate Fund hired Jonathan Davis as vice president of business development. Working out of Briar’s corporate office in Houston, Davis will be responsible for sourcing new business in Texas and the Southwest.
Paul Hibbert and Emma Serginson joined Simpson Thacher & Bartlett’s London office as partners, focusing on financing and credit matters across the infrastructure sector, among other areas. Both Hibbert and Serginson joined the firm from Weil, Gotshal & Manges.
Yieldstreet, a private market investing platform, and Wilshire Advisors, a global advisor with more than $1 trillion in assets under advisement, entered into a partnership aimed at revolutionizing investor access to institutional-quality alternative investments.
Morningstar DBRS confirmed specialty finance company Hercules Capital’s investment grade credit and corporate rating of BBB with a trend revision from stable to positive, as well as its underlying analysis.
Petersen Health Care, an operator of nursing homes and assisted living and long-term care facilities, filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware and secured a commitment of $45 million in debtor-in-possession financing.
Over the course of two decades in the specialty finance industry, Ying Yang has sharpened her expertise primarily in two areas: credit administration and business development. Since joining Rosenthal & Rosenthal’s West Coast office in 2017, she has developed even more skills while expanding new client relationships for Rosenthal’s factoring and asset-based lending groups, recently […]