News

Wolo Manufacturing, a manufacturer of vehicle technology parts, opened a factoring line with Marco to continue developing its business and better serve clients.

Great Lakes Dredge & Dock, a provider of dredging services in the U.S., entered into a five-year, $150 million senior secured second-lien credit agreement with Guggenheim Credit Funding on behalf of one or more clients.

U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report.

According to Mitsubishi HC Capital America, the top factors when considering adopting robotics-as-a-service include cost management, technical expertise, access to the latest technology, the ability to monetize RaaS contracts, flexibility, and bundling updates and support.

MassMutual made an investment to become a minority equity owner in ATLAS SP Partners, the. warehouse finance and securitized products business of Apollo. As part of the commitment, MassMutual also agreed to invest in Apollo’s asset-backed finance franchise.

B. Riley Securities served as exclusive financial advisor to GCT Semiconductor, a fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions, in connection with its approximately $667 million business combination with Concord Acquisition Corp III.

While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to inventory management, the Secured Finance Network's Year-End Factoring Survey found that overall factoring sentiment improved somewhat last year.

The American Bankruptcy Institute elected new members to leadership positions as officers and directors, including naming Christopher A. Ward of Polsinelli president for a one-year term, succeeding Soneet R. Kapila of KapilaMukamal.

Specialty finance company Hercules Capital has reached $20 billion in total debt commitments since its founding in December 2003, with its first deal originated in 2004.

Deerpath Capital Management closed Deerpath CLO 2024-1, a $452.6 million collateralized loan obligation (CLO). This marks Deerpath’s first new issuance CLO in 2024. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this transaction represents the firm’s...