News

Provident Financial Services and Lakeland Bancorp have agreed to extend their merger agreement to March 31, 2024 to provide additional time to obtain the required regulatory approvals. Both parties remain committed to the merger and to obtaining regulatory approvals.

Hilco Global is committed to giving back to communities where it does business by donating time, money and in-kind goods. “Hilco Helps Warm the Winter” initiative is designed to deliver assistance to local communities in need by providing basic cold-weather...

Pathlight Capital closed its third fund, Pathlight Capital Fund III LP (Fund III) as well as the initial tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP. The parallel fund entities secured a combined $860.3 million of capital commitments.

Trinity Capital expanded its Phoenix headquarters, doubling the total space leased at its corporate headquarters at 1 North 1st St. to 30,000 square feet by expanding to the fourth floor from its existing third floor offices.

Electric vehicle company Bird Global entered into a financial restructuring process. Bird’s first and second lien lenders also entered into a restructuring support agreement with the company, with MidCap Financial providing $25 million in new debtor-in-possession financing.

Deerpath Capital Management closed Deerpath CLO 2023-2, a $353.65 million collateralized loan obligation, marking Deerpath's second new issuance CLO in 2023 and, including a CLO reset and upsize in July, the firm's ninth CLO over the past six years.

Rosenthal & Rosenthal completed 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans.

The International Factoring Association (IFA) introduced new membership categories and benefits. Starting Jan. 1, companies not directly engaged in providing factoring services will be eligible for Ally Membership.

Churchill Asset Management closed its second collateralized fund obligation. The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management, including U.S. senior lending, junior capital and equity co-investment.

Ebix reached a "stalking horse" agreement to sell its North American Life and Annuity assets to Zinnia, an Eldridge business and life insurance and annuity technology and service company, as part of its efforts to strengthen its balance sheet and...