News

Meriwether Group Capital launched as a new commercial lending company serving businesses who fall outside the criteria of traditional lenders. Jamie Shulman and Mike Ferguson, who both have more than 20 years of commercial banking experience, will lead the new...

CIT’s real estate finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh.

First Eagle Investments reported that the total assets under management in its First Eagle Credit Opportunities Fund eclipsed the $350 million threshold approximately 18 months since its launch. As of Dec. 31, 2021, the fund’s distribution yield was 7.09%.

ION Geophysical filed for voluntary Chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company also secured $2.5 million in debtor-in-possession financing.

Small business loan approval rates at big banks (more than $10 million in assets) rose from 14.7% in February to 14.9% in March, and approval rates at small banks (under $10 billion in assets) increased from 20.5% in February to...

Golub Capital BDC, a business development company, originated $306.3 million in new middle-market investment commitments during the three months ended March 31.

Luckin Coffee completed the restructuring of its financial indebtedness and emerged from the bankruptcy proceeding commenced with respect to the company as debtor under Chapter 15 of Title 11 of the U.S. Bankruptcy Code.

KKR and Shriram General Insurance Company signed definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.

Société Générale will cease its banking and insurance activities in Russia and signed a sale and purchase agreement to sell its entire stake in Rosbank and its Russian insurance subsidiaries to Interros Capital, the previous shareholder of Rosbank.

Star Hill Financial, a certified Women Business Enterprise based in Fairfield, CT, reported a company record of more than $26 million in funding during Q1/22 across its equipment finance and franchise finance divisions.