News

BIOLASE, a medical device company, has initiated Chapter 11 proceedings in Delaware. SWK Funding has committed up to $2.5 million in debtor-in-possession financing, including a $1.43 million interim advance.

Large corporate bankruptcy filings continued to climb in H2/23 through H1/24, according to a report released by Cornerstone Research. Filings in the services, manufacturing, finance, insurance, and real estate industries contribute to year-over-year increase.

JPMorgan has expanded its private credit capabilities by forming partnerships with Cliffwater, FS Investments and Shenkman Capital Management, according to Bloomberg.

Mizuho Financial and Golub Capital entered a strategic partnership. As part of the agreement, Mizuho has purchased a passive, non-voting minority stake in Golub Capital’s management companies, and Mizuho will serve as a strategic distribution partner for Golub Capital in...

KBRA released research examining trends across the structured credit landscape. It has been a banner year for broadly syndicated loans (BSL) and middle market collateralized loan obligations (CLO).

The Secured Finance Network’s Mid-Year Factoring Survey reports that combined factoring sentiment rose to 68.8 in H1/24, up from 64.8 at the end of 2023.

Monarch Alternative Capital, an opportunistic credit and real estate investment firm, closed Monarch Capital Partners VI (MCP VI). The firm raised over $4.7 billion of capital for its sixth closed-end fund.

Cautious optimism marked Q2/24 in the asset-based lending market as banks and other lenders saw a rise in new-deal activity, according to data released by the Secured Finance Network (SFNet).

Despite the looming regulatory deadline for mandatory U.S. Treasury clearing, many firms are underprepared, according to a new study commissioned by Davies and conducted in partnership with Value exchange.

Alkegen, a global specialty materials platform, closed a refinancing transaction of its outstanding debt. The transaction was led by a consortium of new and existing lenders, including lead lender Oak Hill Advisors and funds managed by affiliates of Apollo Capital...