News

B. Riley Securities served as exclusive financial advisor to GCT Semiconductor, a fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions, in connection with its approximately $667 million business combination with Concord Acquisition Corp III.

While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to inventory management, the Secured Finance Network's Year-End Factoring Survey found that overall factoring sentiment improved somewhat last year.

The American Bankruptcy Institute elected new members to leadership positions as officers and directors, including naming Christopher A. Ward of Polsinelli president for a one-year term, succeeding Soneet R. Kapila of KapilaMukamal.

Specialty finance company Hercules Capital has reached $20 billion in total debt commitments since its founding in December 2003, with its first deal originated in 2004.

Deerpath Capital Management closed Deerpath CLO 2024-1, a $452.6 million collateralized loan obligation (CLO). This marks Deerpath’s first new issuance CLO in 2024. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this transaction represents the firm’s...

The Federal Trade Commission sued to block Tapestry’s $.85 billion acquisition of Capri, a deal that would combine Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.

Express filed voluntary Chapter 11 bankruptcy petitions in the U.S. Bankruptcy Court for the District of Delaware and received a commitment for $35 million in new financing from certain of its existing lenders.

BMO launched its Greener Future Financing program in the U.S. The program is a climate financing program designed to help small and medium-sized businesses build climate-resilient operations.

Despite economic twists and turns in 2023, the asset-based lending market experienced growth in commitments of working capital, according to the Secured Finance Network, which noted that while there were fewer new client deals last year than in 2022, deals...

The American Bankruptcy Institute's Subchapter V Task Force unveiled its final report of recommendations pertaining to the $7.5 million debt sublimit for Subchapter V filings within Chapter 11 of the U.S. Bankruptcy Code, calling for the permanent maintenance of the...