News

Rialto Bioenergy Facility, a subsidiary of Anaergia, initiated voluntary Chapter 11 restructuring proceedings in the U.S. Bankruptcy Court for the Southern District of California. Rialto Bioenergy Facility intends to enter into a debtor-in-possession financing facility with a lender.

QualTek Services, an infrastructure services provider, announced a restructuring transaction that will reduce the company’s debt by approximately $307 million and provides $40 million of additional liquidity.

TriumphPay added the Worldwide Express family of brands, which includes Worldwide Express, GlobalTranz and Unishippers, to its open payments network as a full audit and payments network participant.

LM Funding America, a cryptocurrency mining and technology-based specialty finance company, reported its $2.6 million stalking horse bid to purchase the assets of Symbiont.io, which is currently in Chapter 11 bankruptcy proceedings, is unopposed and expected to be approved by...

Jyl London, vice president of product and program management at TAB Bank, was recognized by Utah Business as one of 30 Women to Watch in 2023.

Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.”

BroadLight Capital launched a $225 million debut fund to invest in growth stage companies across consumer and technology sectors.

Franklin Capital completed a $1 million factoring facility for a UK-headquartered construction consultant. The factoring facility from Franklin Capital will allow the company to fund expansion in the United States and beyond.

Repay Holdings, a provider of vertically-integrated payment solutions, integrated with Q2’s Digital Banking Platform via the Q2 Partner Accelerator Program.

Planet Financial Group added a commercial servicing division to its family of companies. Led by Planet Management Group Executive Vice President James DePalma and Senior Vice President Janina "Gigi" Woods, Planet's asset management team will benefit investors throughout the asset...