News

KBRA released research about the connection between appraisal values of distressed loans and CMBS performance. In light of the continued rise in CMBS delinquency rates, KBRA reviewed updated appraisal values from January 2021 through May 2024 of distressed CMBS 2.0...

Nevada Copper and its subsidiaries have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada.

Ares Commercial Finance (ACF) marked 10 years as the commercial finance platform of Ares Management. Through the years, ACF has expanded the team to over 40 full time employees, increased its footprint to eight offices and enhanced its product suite.

Specialist real estate lender Hilco Real Estate Finance (HREF) has become the latest lender member to join the Association of Short-Term Lenders (ASTL).

Alvotech, a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, successfully arranged a strategic refinancing transaction led by GoldenTree Asset Management.

Gold Reserve closed its previously announced best efforts private placement of 4,285,715 Class A common shares of the company at a price of $3.50 per common share for gross proceeds of approximately $15 million with Cantor Fitzgerald Canada as sole...

MRP Solutions reached an agreement with a majority of its first lien and second lien lenders for a comprehensive transaction that includes new debt financing and an exchange of existing debt. The transaction will reduce the company’s interest burden and...

StepStone Private Wealth launched the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund. CRDEX will use a “multi-lender” approach to employ both direct lending and specialty credit strategies to construct its portfolio.

Founded in 1884, Oxford Bank is celebrating its 140th year in business. The bank became a publicly traded company in 2016, now boasting $816.666 million in bank deposits and a 36% increase in earnings since 2022.

Certain holders of BYJU’s Alpha $1.4 billion term loans and GLAS Trust have filed petitions pursuant to Chapter 11 of the U.S. Bankruptcy Code to initiate involuntary Chapter 11 proceedings against the three U.S.-based guarantors of the term loans.