News

First Citizens Bank expanded its middle market banking unit to support the financial needs and goals of midsize businesses across Southern California and the Southwest.

CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $50 million factoring facility with a West Coast consumer technology firm.

SLR Investment entered into a joint venture agreement with SunStone Senior Credit to create SLR Senior Lending Program (SSLP). The joint venture is expected to invest primarily in senior secured cash flow loans.

BMO launched BMO for Native-owned businesses as part of its five-year, $5 billion BMO EMpower initiative aimed at supporting an inclusive economic recovery for minority businesses, communities and families through lending, investing, giving and engagement in local communities.

Small business loan approval percentages at small banks (less than $10 million in assets), institutional lenders, alternative lenders and credit unions increased in September compared with August, while approvals at big banks (more than $10 million in assets) declined, according...

Vital Pharmaceuticals filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. VPX Sports is the maker of Bang energy drinks, among other consumer products.

Middle market private companies in the Golub Capital Altman Index experienced year-over-year revenue growth of 12% and earnings decline of 2% during the first two months of the third quarter of 2022.

Twin Brook served as administrative agent on debt financing to support numerous clients on formations, leveraged buyouts and M&A activity.

Ares Management held the final closing of its Ares U.S. Real Estate Fund X on Sept. 30. U.S. X was oversubscribed with $1.8 billion of commitments relative to its $1.5 billion target and is more than 75% larger than its...

Churchill Asset Management, an investment-specialist of Nuveen, raised more than $12 billion in third-party committed capital for the firm’s most recent senior lending program.