News

The Baldwin Group priced the previously announced offering by its direct subsidiary of $600 million (representing an upsize from the previously announced $500 million) aggregate principal amount of senior secured notes due 2031.

Sam Ash filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey. Tiger Group and Gordon Brothers are now conducting store closing sales at all 42 remaining stores as Sam Ash pursues options...

90% of small the small business owners surveyed in TD Bank’s 2024 Small Business Survey noted their optimism for the future of their business in the next 12 months, which is up from 80% in 2023 despite the prolonged turbulence...

The Hedaya Capital Group provided a $5 million factoring line to a home textiles vertical mill business. Partnering with Hedaya gave the company the flexible working capital it needed to continue its growth trajectory.

Byline Sponsor Finance, a division of Byline Bank, has provided financing to support Prospect Partners’ recapitalization of Warren Roofing & Insulating, Cleveland Building Restoration and Total Roofing Services.

eCapital closed a $3.5 million confidential factoring facility for an organic food manufacturer. eCapital’s solution integrated confidential invoice factoring with inventory financing, providing the client with liquidity to support its day-to-day operations and growth initiatives.

PNC Financial Services and the TCW Group partnered to deliver private credit solutions to middle market companies. The new joint strategy will focus primarily on directly originated, senior secured cash-flow and asset-based loans to both sponsored and non-sponsored middle market...

Brookfield Asset Management and Castlelake entered into an agreement whereby Brookfield will acquire a 51% stake in Castlelake’s fee-related earnings. The amount of capital to be invested will be approximately $1.5 billion.

Small business filings increased 60% year over year to 233 in April 2024, according to data provided by Epiq AACER. Commercial chapter 11 filings increased 40% year over year in April 2024 to 542. Overall commercial filings increased 39% year...

Small business sales grew 5.6% year over year and 2.2% month over month, according to the Fiserv Small Business Index for April 2024. Nationally, the seasonally adjusted Fiserv Small Business Index increased 4 points to 145.