News

Aruze Gaming, a developer of gambling entertainment solutions for the global casino market, filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the State of Nevada.

Atalaya Capital Management completed fundraising for its eighth Special Opportunities Fund (ASOF VIII). The oversubscribed fund closed with $1.8 billion of commitments given significant support from both new and existing partnerships with investors.

Rosenthal & Rosenthal completed a pair of factoring transactions, including a $1.75 million domestic and international non-recourse factoring deal for a leading manufacturer of antimicrobial products and a $1.5 million non-recourse factoring deal for a wholesale premium seafood distributor.

J D Factors provided $3.15 million in recent factoring facilities to 12 clients.

KBRA assigned preliminary ratings to five classes of debt issued by Monroe Capital ABS Funding II (MCAF II), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.

Acerus Pharmaceuticals and its subsidiaries, Acerus Biopharma, Acerus Labs and Acerus Pharmaceuticals USA, have received an order for creditor protection from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act (the CCAA).

Diamond Scaffold Services (DSS), a scaffolding rental company with locations in the southern United States, has retained SC&H Capital to run the bankruptcy court-approved sale process for the company.

Foro, a Charlotte-based fintech startup, launched its digital commercial lending platform.

Citizens announced its Citizens Business Conditions Index (CBCI) dropped to 48.5 in Q4/22, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect.

Haversine Funding recently provided $52.6 million in financing to various companies.