News

Large corporate bankruptcy filings reached near-record highs in 2020 but returned to lower levels in the first half of 2021 as economic recovery took hold, according to a report released by Cornerstone Research.

Intelsat achieved the support of key creditor groups on the terms of a financial restructuring. The company also filed an amended plan of reorganization in its Chapter 11 proceedings. The amended plan has the support of holders of approximately $11...

Gordon Brothers sold the majority of the machinery and equipment from the Honda of the UK Manufacturing Swindon plant to a single buyer and has launched an online auction for Honda’s Synchro Motorsport team assets.

According to a new survey from JumpCloud, with global changes in the workplace due to COVID-19 and the Delta variant, small and medium-sized enterprises are continuing to adjust their workplace models.

J D Factors recently provided $4.765 million in factoring facilities for 10 different clients, including a $3 million factoring facility to an oil field industry company in Texas.

Tiger Finance closed on $15.5 million in debtor-in-possession financing to facilitate the Chapter 11 restructuring of Pennsauken, NJ-based Aluminum Shapes, a manufacturer and distributor of aluminum products.

Fifth Third Private Bank created a business transition advisory team dedicated to preparing business owners financially and personally for a business transition or liquidity event. Frieda Rakhman, who joined the bank in January with more than two decades of financial...

Motivated bidders drove robust results in a recently-held online auction of foreclosed assets from a CBD processor’s facility in Cadiz, KY. Tiger Group sold the processing, lab and material-handling equipment assets, while Tranzon Asset Advisors liquidated the real estate.

PNC is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC's support for accelerating the transition to a low-carbon economy.

Utica Leaseco recently completed two transactions totaling $1 million, including $500,000 secured by vehicles for a ride sharing company and $500,000 secured by machinery and equipment to a microbrewery in Florida.