News

Business executives are strategically reshaping their supply chains to achieve greater efficiencies, according to a new report — The Proximity Premium — released by KPMG.

FTX Trading received confirmation for its plan of reorganization from the United States Bankruptcy Court for the District of Delaware, less than two years after its historic bankruptcy filing.

Cortland Credit Group repaid on an $8 million asset-based credit facility by its borrower, a regional chemical distribution company, on Sept. 10, 2024. The repayment took place approximately two years after the original funding.

Forum Investment Group, a private real estate investment management firm specializing in the multifamily sector, closed one of its investment vehicles specializing in multifamily private credit. Forum exceeded its target raise by 2.2x.

SG Credit Partners, through its software and technology division, partnered with Shipwell, a multimodal transportation management system, to provide senior debt investment in the company.

CapitalPlus Financial Services, a provider of construction factoring solutions, funded a $500,000 factoring facility for an Illinois-based interior finishing contractor.

Spirit Airlines is seeking new financing from creditors and an exchange that would extend its current debt; otherwise, the company would be forced into bankruptcy, a Bloomberg report says.

A new study from Juniper Research, a company of experts in fintech and payment markets, has revealed the value of eCommerce fraud will rise from $44 billion in 2024 to $107 billion in 2029, a growth of 141%.

Valiant Energy Solutions, an energy services company, entered a strategic partnership with Cambridge Savings Bank (CSB), a mutual bank with a customer-first approach and over $7 billion in assets.

Soilmec North America and SLR Equipment Finance entered into a strategic partnership that provides custom financing solutions for Soilmec North America’s end users.