News

Cyxtera, a provider of data center colocation and interconnection services, initiated a pre-arranged court-supervised process under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.

Incora, a global provider of supply chain management solutions, filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.

Robyn Barrett, senior vice president and managing director of Oxford Commercial Finance, a subsidiary of Oxford Bank, was named incoming president of the American Factoring Association for a two-year term.

Mobile OptiX, a U.S.-based company that provides healthcare social assistance through qualified optical professionals, completed a $400,000 factoring facility with Marco.

Brightwood Capital Advisors, a middle-market private credit firm, deployed nearly $2 billion of capital to 35 new borrowers in fiscal year 2022. The growth across Brightwood’s platform has led the firm to meaningfully add to its team since the beginning...

The spring 2023 Best and Brightest Companies To Work For in the Nation list, curated by the National Association for Business Resource, featured Everest Business Funding among its honorees.

Diebold Nixdorf, a banking technology service provider, entered into a restructuring support agreement with certain of its financial stakeholders, including creditors who hold a majority of its secured term loan debt, to effectuate a debt restructuring transaction.

Standard Lithium signed a mandate with BNP Paribas to act as exclusive financial advisor to the company in connection with limited recourse debt financing. The debt financing will be used to fund the majority of the company’s proposed first commercial...

PerCina Report launched as a credit underwriting tool designed for the equipment finance and structured credit markets. PerCina Report intends to empower credit analysts at any skill level to create higher-quality credit reports more efficiently.

Factoring Finans, a Norwegian business finance provider, selected Lendscape, an international secured finance technology vendor, as its new factoring technology partner.