News

Cybersecurity company IronNet filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware in October and entered into a binding term sheet with ITC Global Advisors for a $10M debtor-in-possession financing facility.

The Federal Reserve announced on Thursday stated that it will maintain the target range for the federal funds rate between 5.25% and 5.5%. The Fed made a similar decision in September, pausing its run of hikes aimed at curbing rising...

BNP Paribas selected Riskfactor, a risk management software solution from Lenvi, a provider of commercial lending software for the factoring and receivables finance market, to support its European risk management and operations functions.

Mitsubishi HC Capital America is expanding its franchise finance division to leverage new growth opportunities, particularly by extending its current reach into brick-and-mortar franchises in the health and wellness, recovery and sports performance sectors.

Jay Goffman, the former global head of restructuring at Skadden Arps, and Steve Smith, the former global head of restructuring and leverage finance at UBS, launched a boutique restructuring advisory firm named Smith Goffman Partners.

There were 631 commercial Chapter 11 bankruptcy filings registered in the U.S. in October, an increase of 106% from the 306 filings registered in October 2022, according to data provided by Epiq Bankruptcy.

Solifi unveiled the latest product releases for its Solifi Originations ROS and Portfolio Management ILS solutions for equipment finance. The new software releases provide enhancements to business management, efficiency and compliance.

Gordon Brothers selected Ivory Consulting’s SuperTRUMP platform to model and price its tax and non-tax financing solutions, which encompass offerings like operating leases, direct finance leases, sale/leasebacks and vendor financing.

Ares Management closed approximately $6.1 billion in U.S. direct lending commitments across 53 transactions during Q3/23 and approximately $20.6 billion in direct lending commitments across 189 transactions in the last 12-month period ended Sept. 30.

A strong labor market and resilient consumer trends supported a slight improvement in economic conditions in the U.S. during the third quarter as inflation showed some signs of abating, according to the Citizens Business Conditions Index.