News

Northbrook, IL-based Hilco Global made a $50,000 donation to Sunrise Day Camp-Chicago, a new day camp for children with a cancer diagnosis and their siblings, which will open this June in Lake Zurich, IL.

B. Riley Real Estate is acting as real estate advisor to United Furniture Industries in connection with its Chapter 11 liquidation and has commenced the sale process for the Lane Furniture real estate portfolio on behalf of the debtor.

First Citizens Bank’s real estate finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, FL.

During its first year in business, Oxford Commercial Finance, a subsidiary of Oxford Bank, has expanded its line of working capital solutions for small to medium-sized businesses, increased its customer base and launched a new website with resources for business...

SG Credit Partners rebranded Stonegate Capital, which it acquired in late 2021, to SG Consumer ProdSG Consumer Products provides asset-based lines of credit plus IP/brand and M&E term loans primarily to sponsor-backed consumer brands generating revenue of $15 million to...

David's Bridal and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.

Republic Business Credit provided a $6.75 million factoring legered line of credit facility to a women and minority-owned government contractor. The facility also includes an accordion that can expand the total funding to $10 million.

Sycamore Tree Capital Partners, a specialist asset manager with private and alternative credit investment expertise, closed STCP CLO 2023-3, the firm’s third collateralized loan obligation since inception and the firm’s second CLO in 2023.

KBRA released research examining trends across the structured credit landscape, including issuance, spreads and macro risks. The market for structured credit and collateralized loan obligations (CLOs) was off to a promising start midway through the first quarter of 2023.

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will...