News

According to the Asset-Based Lending Index by the Secured Finance Network, combined (bank and non-bank) business lenders’ confidence stayed slightly positive during Q1/23 at 50.3 points, although that was a 5.8-point decline from Q4/22.

CE Brands, as part of an internal reorganization, its wholly-owned subsidiary, eBuyNow eCommerce, has made a voluntary assignment into bankruptcy under the Bankruptcy and Insolvency Act (Canada). Harris & Partners has been appointed as eBuyNow’s trustee in bankruptcy.

GoldenTree Loan Management II (GLM II) closed a $493 million collateralized loan obligation to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 17, GoldenTree has issued 23 CLOs totaling approximately $13 billion...

Oaktree Capital Management closed its life sciences lending fund and its related vehicles, with total capital commitments in excess of $2.3 billion. The fund, which is Oaktree’s first dedicated life sciences fund, was oversubscribed.

Sumitomo Mitsui DS Asset Management, an asset management company in Japan, chose Burgiss, a provider of private capital data and analytics, as its long-term partner to help manage its growing business in alternative investments.

Accord Financial will seek the approval of holders of its 7% convertible unsecured subordinated debentures due Dec. 31 to amend certain terms of such debentures, including increasing the interest rate from 7% to 10% and extending the maturity date to...

A Dubai-based company that focuses on crankshaft manufacturing and supplies automotive components to original equipment manufacturers around the world completed a $2 million factoring facility with Marco, a fintech company.

In October 2021, Qwil, a fintech that provides early payments to staffing firms and managed service providers, and Talent Solutions TAPFIN, a managed service provider for contingent workforces, launched a partnership creating a technology enabled early-payment solution for staffing firms.

Ninepoint Partners, an alternative investment manager, expanded its partnership with Chicago-based private credit asset management firm Monroe Capital.

Pathward is adding a new line of credit to open access for credit challenged consumers. The new Pathward line of credit can provide credit solutions to an underserved population in a responsible way.