News

99 Cents Only Stores is commencing going-out-of-business sales at all of its locations. Hilco Global is managing the liquidation event, and Jefferies and Hilco Global are managing the sale of the company’s real estate assets.

UK-based Asset-based lender Ultimate Finance hit a new lending milestone, with both its asset and bridging loan books reaching £100 million ($126.23 million) at the end of Q1/24.

Jefferies Financial Group and SMBC Group expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market.

U.S. Bank will now provide its clients Levantor Capital’s sales finance solutions. This will provide additional options for trade partners to optimize payment terms, including with suppliers in jurisdictions outside the U.S. Bank network.

The International Factoring Association, in conjunction with its NEXGEN Committee, announced the winners of the inaugural NEXGEN Awards. The recipients will be honored at the IFA's annual conference on May 1 in Miami.

C1 filed a prepackaged Chapter 11 bankruptcy proceeding in the U.S. Bankruptcy Court for the Southern District of Texas. CVC Capital Partners, Silver Point Capital and Monarch Alternative Capital committed to provide new equity and debt financing as part of...

New bankruptcy filings during Q1/24 registered year-over-year increases across all major filing categories in the U.S., according to Epiq Bankruptcy, with total commercial Chapter 11 filings registering the largest increase, rising 43% year over year.

AGL Credit Management, an investment manager specializing solely on corporate credit strategies, and Barclays entered an exclusive cooperation agreement and launched a new private credit investment platform, AGL Private Credit.

Professional services firm Durkin Group, a Gordon Brothers company, expanded its field examination services with the addition of GB4 Group, which specializes in government contracting, manufacturing, service industries, distributors, construction and insurance premium finance.

Tiger Finance’s lending platform continued to grow in Q1/24, providing $102 million in financing to borrowers in retail and other industries across North America.