News

Tiger Finance’s lending platform continued to grow in Q1/24, providing $102 million in financing to borrowers in retail and other industries across North America.

Private credit firm Brightwood Capital Advisors closed Brightwood Capital MM CLO 2024-2, a $707 million collateralized loan obligation, marking the firm's seventh CLO since 2019 and bringing its total CLO issuance to more than $3.5 billion.

View, Inc., a provider of smart building technology, reached an agreement with Cantor Fitzgerald and RXR Realty on the terms of a financial restructuring. As part of the restructuring, Cantor Fitzgerald, RXR and other investors committed to provide debtor-in-possession financing.

Alpine Ridge Funding provided a $2.5 million factoring facility to a healthcare service provider based in Georgia. The company was seeking a new lender to support its ongoing working capital needs.

Shoes For Crews, a manufacturer and distributor of slip-resistant footwear, filed voluntary petitions for Chapter 11 relief in the U.S. Bankruptcy Court for the District of Delaware. As part of the process, the company entered an agreement to receive $30...

PREIT Realty, an owner and operator of retail real estate, concluded its financial and corporate restructuring and emerged from bankruptcy through an expedited process. Through its restructuring, PREIT reduced its total debt by approximately $835 million.

Acorda Therapeutics, a developer of therapies for neurological disorders, entered into an asset purchase agreement with Merz Therapeutics. Acorda also filed for Chapter 11 bankruptcy, with Merz serving as the “stalking horse” bidder in the process.

MUFG established a new medium-term business plan for the next three years “to pursue and produce growth” with an aim to increase ROE to approximately 9% by 2026.

According to a recent report from the U.S. Department of the Treasury, there is a widening gap between large and small financial institutions when it comes to in-house AI systems, with the rise of AI creating additional cybersecurity and fraud...

Airspan Networks entered into a restructuring agreement with Fortress Investment Group and filed voluntary prepackaged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. Fortress will provide $53 million in debtor-in-possession financing to Airspan.