News

Solifi released its latest version of Solifi Asset-Based Lending (ABL) software. The updated version includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk and streamline processes.

White Oak Global Advisors, together with its financing affiliates, provided more than $1 billion in loans across all platforms between January 1 and June 30, 2022.

DataBank closed its initial recapitalization led by Swiss Life Asset Management AG, EDF Invest, Northleaf Capital Partners and Ardian. Structured as a sale of ownership interests from existing investors for $1.5 billion, the new investor consortium will now own 35%...

NewAge, a Utah-based direct-to-consumer organic and healthy products company, and certain of its subsidiaries each filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of...

BizCap secured a $20 million credit facility for Schweizer, a manufacturer of helicopters and an aviation industry parts supplier. The new asset-based loan credit facility will be used to finance production, enabling Schweizer to meet the increased demand for its...

Kapitus, a provider of small business financing, closed $95 million in additional funding capacity, bringing its total debt facilities to $360 million.

Fosun International Limited and HSBC Bank (China) renewed a strategic cooperation agreement today to provide strong support for Fosun International and its subsidiaries in the aspects of global operation and investment capabilities, growth strategies, financial resources and more.

Lumileds Holding, a global provider of innovative lighting solutions, entered into a restructuring support agreement with its lenders.

J D Factors recently provided $2.72 million in factoring facilities, including a $500,000 factoring facility to a distribution company in New Jersey.

Gateway Trade Funding partnered with a factoring company to provide a $3 million purchase order facility to a company supplying healthcare masks.