News

Eastern Bank provided $7.5 million in working capital financing to Asian Atlantic Industries (AAI) and welcomed it as a new asset-based lending customer. AAI is a global supplier of electronic components and semiconductors.

First Guaranty Mortgage and affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware to protect the business while exploring all available restructuring options.

BMO Harris Bank eliminated both non-sufficient funds (NSF) and overdraft transfer fees and reduced overdraft fees. These changes will apply to both consumer and small business banking accounts.

SC&H Capital acted as the exclusive investment banker to CCX, dba Braeburn Alloy Steel, in the sale of substantially all of its assets to a G.O. Carlson subsidiary in the United States Bankruptcy Court for the District of Delaware.  

OppZo, a mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses, received more than $260 million in debt and equity funding from Arcadia Funds.

Marathon Capital entered into a strategic collaboration agreement with Sumitomo Mitsui Banking Corporation. The parties also have entered into an agreement for a minority equity investment in Marathon Capital. The proceeds will be used to accelerate the firm's growth and...

Winston & Strawn added two partners to the firm's rapidly growing Miami office: Carl A. Fornaris, who joins the Transactions Department, and Jared R. Kessler, who joins the firm's Litigation Department.

Republic Business Credit provided a $1.25 million traditional factoring facility with credit protection and extended customer payment terms to a Los Angeles-based consumer packaged goods distributor that distributes watches and other accessories.

Citizens M&A Advisory served as the financial advisor to New State Capital on its acquisition of Patuxent Roofing and Contracting, an independent provider of re-roofing installation and services.

Castlelake reached an agreement to provide up to $155 million in fleet financing to Voyager Global Mobility for the acquisition of more than 3,200 vehicles for rideshare, car-share and micro-mobility driver-subscribers in the United States and Latin America.