News

QualTek Services, an infrastructure services provider, emerged from Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas following the confirmation of its plan of reorganization on June 30.

According to JPMorgan Chase’s 2023 Midyear Business Leaders Outlook survey, 45% of business leaders anticipate a recession before year-end or believe the economy is already in one, down from 65% six months ago.

The U.S. Bankruptcy Court in the Southern District of Texas has confirmed Diebold Nixdorf’s plan of reorganization related to its comprehensive debt restructuring.

Ivan Bagaliyski, director of go-to-market strategy at Solifi, received the highly commended mention in the Rising Star category at the Asset Finance Connect Summer Awards 2023.

Bowmark Capital, a middle-market private equity firm, made a significant investment in Lendscape, a technology provider to the global secured commercial finance market.

J D Factors provided $10.275 million in new factoring facilities to 29 new clients in the United States and Canada in June, including a $1.5 million factoring facility for a transportation company in Illinois.

According to the Golub Capital Altman Index, middle-market private companies in the index experienced year-over-year earnings growth of 5% and revenue growth of 4% during the first two months of Q2/23.

Culain Capital Funding completed a $4.5 million factoring facility for a Florida-based command and control equipment reseller, integrator and distributor in the defense industry.

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks stayed at 13.4% in June. Meanwhile, small banks experienced increased approval percentages for the first time since January, going from 18.7% in May...

PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and...