News

Veritas Financial Partners added a new incremental inventory line to Colonna Brothers’ existing $7.5 million credit facility, allowing the company to borrow against both raw materials and finished goods.

Chiron Financial served as the exclusive investment banker to Genco Energy Services in an out-of-court restructuring and refinancing.

Rise Line Business Credit completed a revolving leverage facility with Wells Fargo Capital Finance.

The Wall Street Journal reported GE continues to restructure the company, but it is still struggling to decide what to do with its lending unit, GE Capital.

Monroe Capital increased Prototek Sheetmetal Fabrication’s credit facility to support the latter’s acquisition of Hayes Manufacturing Services. _x000D_ _x000D_

Siena Lending Group completed a $4 million revolving credit facility for Independent Metal Sales. The facility was partially used to refinance the company's existing senior debt.

The Turnaround Management Association inducted five honorees into the 2018 Turnaround, Restructuring and Distressed Industry Hall of Fame.

Grant Thornton named David Platt regional managing partner of the firm’s Northeast region.

Next Edge Commercial Finance closed two facilities for a total of $36 million as of June 30, 2018.

Algold Resources entered into a secured credit agreement for a $5 million short-term loan facility with a consortium of lenders, including BPM Capital, Downtown Special Situations, Delaware Street Capital Master Fund, Saiso Partners and Capital Drilling.