News

According to the Institute for Supply Management, economic activity in the hospital subsector grew in February for the 21st consecutive month despite a 7.2% drop in the Hospital PMI, putting February’s reading at its lowest mark in more than a...

Eastern Bank provided $8 million in financing for working capital purposes to Work ‘N Gear.

MetLife Investment Management, the institutional asset management business of MetLife, originated $15.6 billion in private placement debt and private structured credit across 247 transactions in 2021.

Accord Financial reported a company record of C$11.887 million ($9.31 million) of net earnings attributable to shareholders in 2021 compared with C$417,000 ($326,600) in 2020, delivering earnings per share of C$1.39 ($1.09) compared with C$0.05 ($0.04) in 2020.

Crestline Investors, a credit focused institutional alternative asset manager, closed a series of funds across multiple strategies with commitments totaling more than $3.6 billion.

SolutionsSSG Advisors acted as the investment banker to NITROcrete and its affiliates in the sale of substantially all of its assets to an affiliate of Cryogenic Industrial Solutions. The sale was effectuated through a Chapter 11 Section 363 process in...

Biz2Credit’s annual women-owned business study found that profits for women-owned businesses dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, which was the primary reason profits fell in 2021.

CNH Finance closed more than 40 facilities during 2021, totaling more than $160 million in new commitments. New and existing partnership servicing includes supporting growth and asset-based lending capital needs of healthcare providers.

CIT reorganized its commercial services factoring business, with Marc Heller, president of CIT commercial services, now reporting directly to Peter Bristow, president of First Citizens Bank, and Michael Hudgens now leading commercial services as managing director and group head.

Epiq released February 2022 bankruptcy filing statistics from its new Epiq Bankruptcy Analytics platform. Overall, February new filings were 26,985 across all chapters, up 3.2% from January 2022, which had 26,155 new filings.