News

The Federal Trade Commission sued to block Tapestry’s $.85 billion acquisition of Capri, a deal that would combine Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.

Express filed voluntary Chapter 11 bankruptcy petitions in the U.S. Bankruptcy Court for the District of Delaware and received a commitment for $35 million in new financing from certain of its existing lenders.

BMO launched its Greener Future Financing program in the U.S. The program is a climate financing program designed to help small and medium-sized businesses build climate-resilient operations.

Despite economic twists and turns in 2023, the asset-based lending market experienced growth in commitments of working capital, according to the Secured Finance Network, which noted that while there were fewer new client deals last year than in 2022, deals...

The American Bankruptcy Institute's Subchapter V Task Force unveiled its final report of recommendations pertaining to the $7.5 million debt sublimit for Subchapter V filings within Chapter 11 of the U.S. Bankruptcy Code, calling for the permanent maintenance of the...

Big Shoulders Capital provided a $1 million debtor-in-possession loan for a steel fabrication business in Texas. The funds will provide working capital and enable a going-concern sale process.

Specialty finance company Haversine Funding rebranded its podcast. Originally launched as “OnDeck with Haversine” and anticipating a limited run, the podcast is now titled “In Focus with Haversine” and will run into 2024.

The U.S. Senate is considering an extension of the current Subchapter V debt sublimit within Chapter 11 bankruptcy filings following the introduction of legislation that would push out the expiration date for the $7.5 million threshold to 2026.

King Trade Capital, an independent provider of purchase order and trade finance solutions, reported year-over-year revenue growth of more than 30% in Q1/24.

BridgeCore Capital, a provider of structured loan products for commercial and non-owner occupied residential real estate in the U.S., launched a new bridge loan program to finance vacant 99 Cents Only Stores across the U.S.