News

First Citizens Bank’s CIT Commercial Services subsidiary recently closed three major client financing transactions, including a $50 million factoring facility, as well as working capital facilities totaling over $16 million.

Loanspark, a business lending as a service (BLaaS) provider and a company in the commercial lending sector, was recognized as the "2023 Lending Service of the Year" by Pan Finance.

Rashada Whitehead, Grant Thornton’s national managing principal of culture, immersion and inclusion, has been named a “Notable Leader in Diversity, Equity and Inclusion (DEI)” by Crain’s Chicago Business.

Alpine Ridge Funding, a factoring commercial finance company, announced its official launch. Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting and managing factoring facilities from $50,000 to $30 million.

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation, plans to market 78 Rite Aid and Bartell Drugs neighborhood pharmacy leases for sale, as well as 21 fee-owned properties, pending approval by the U.S....

According to a report from BMO Blue Book, while the U.S. economy is remaining resilient, amid aggressive monetary tightening, it is predicted to slow in early 2024.

Rite Aid Corporation reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the company to accelerate its ongoing business transformation.

The factoring sector began 2023 on a positive note and has continued to show resilience in an uncertain economy, according to the MidYear Factoring Industry Survey, released by the Secured Finance Network (SFNet).

Aquarian Holdings will join Obra Capital as a strategic partner and has acquired a minority equity ownership stake, replacing Reverence Capital, which has been an investor since 2019. RedBird Capital will maintain Obra’s current ownership stake.

Theratechnologies finalized all documentation giving effect to the amendments of some terms and conditions of its credit agreement for which Marathon Asset Management acts as investment manager for certain funds and accounts.