News

Funds managed by the credit group of Ares Management closed approximately $4.1 billion in U.S. direct lending commitments across 51 transactions during Q2/23.

FTX Trading and its affiliated debtors filed an initial plan of reorganization and related term sheet with the U.S. Bankruptcy Court.

Versant Funding funded a $4.8 million non-recourse factoring transaction for a commercial bakery that serves major grocery chains.

Kroll Bond Rating Agency released a research report analyzing non-performing loan transactions since the global financial crisis. KBRA said that while commercial real estate non-performing loans are unlikely this year, it is possible that some could be explored for issuance...

The U.S. Small Business Administration is celebrating 70 years since its inception, with Isabella Casillas Guzman, administrator of the SBA, ringing the closing bell at the New York Stock Exchange today at 4 p.m. ET.

The Office of the Comptroller of the Currency, the board of governors of the Federal Reserve System and the Federal Deposit Corporation issued new rule proposals that would modify large bank capital requirements and implement the final components of the...

On Wednesday, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 5.25% and 5.5%, marking a quarter point increase and its fourth such move of 2023 following a pause in June.

AlixPartners released the findings of its 18th annual Turnaround and Transformation Survey, which revealed that the world’s turnaround executives expect a prolonged and intensifying period of restructuring on the horizon.

A new survey from Grant Thornton revealed that CFO are focused on two areas that could lead to revenue gains: building and preserving their workforces and investing in technology that delivers efficiency and revenue gains.

The Ontario Superior Court of Justice granted an order for Canadian cannabis company Aleafia Health to restructure its business. In connection with the order, Aleafia executed a term sheet for debtor-in-possession financing with Red White & Bloom Brands.