News

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.

Principal Asset Management launched the Principal Private Credit Fund I, offering exposure to lower and core middle market loans. The fund will target 90+% exposure to private credit. This fund is managed by Principal Alternative Credit.

Rubio’s Restaurants, a restaurant chain specializing in coastal Mexican food, has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company is taking this action to facilitate the sale of the business.

Financial consultant Yerbol Orynbayev urges regional banks to triple their investment in digital apps to avoid another banking crisis. The intervention from the former World Bank governor follows reports that the number of weak U.S. banks rose to 52 in...