News

Monroe Capital acquired a minority ownership interest in Second Avenue’s operating company and has allocated approximately $250 million of additional capital to its investment platform through a mix of debt and equity capital.

Runway Growth Finance established a joint venture with Cadma Capital Partners, a credit financing platform for the venture and growth ecosystem and an affiliate of Apollo Global Management.

Nomura Holdings realigned the firm’s collective asset and investment management capabilities in the Americas under the new brand Nomura Capital Management. The new brand will integrate Nomura Group’s public and private credit offerings in the Americas.

CFG Merchant Solutions, a technology-enabled specialty finance and alternative funding provider, upsized its investment-grade corporate note to $30 million. The transaction was assigned a BBB rating.

There are only two weeks left to register for the 15th Annual Philadelphia Credit & Restructuring Summit. The conference will take place March 21 in Philadelphia, but space is limited, so reserve your spot today.

According to Biz2Credit’s Women-Owned Business Study, earnings for small businesses owned by women remained steady in 2023 while average annual revenue for businesses owned by women increased 15.5%.

The median ratio of operating expenses compared to total revenues for companies rated BBB- or higher rose to 83.7% in the fourth quarter of 2023 from 82.2% in the third quarter, according to the latest data from S&P Global Market...

SG Credit Partners, through its SG Software + Technology division, partnered with PrepMD, a cardiac healthcare solutions company, to provide a senior debt investment in the company.

BowFlex initiated a Chapter 11 bankruptcy proceeding in the U.S. Bankruptcy Court for the District of New Jersey. As part of the filing, BowFlex secured a $25 million facility for debtor-in-possession financing from SLR Credit Solutions.

Commercial Chapter 11 bankruptcy filings climbed 118% year over year in February 2024, with the 822 filings during the month comparing to the 377 filings in February 2023, according to Epiq Bankruptcy.