News

Florida-based community bank, First Home Bank, will now be known as BayFirst, a name that more clearly defines its long-term goals and aligns with its holding company, BayFirst Financial.

Crestmark secured $12,801,160 in asset-based lending and factoring financial solutions for 11 new clients and Crestmark's structured finance group provided $1.6 million in financing for one new client in the second half of April.

Pareteum filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.

GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, closed a $599 million collateralized loan obligation to be managed by GLM II.

An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on June 2, 2022 in Colon, Queretaro, Mexico. Most of the equipment is new as of 2017, 2018 and 2019.

KeyBank and Beach Point Capital Management, a credit focused investment manager, established a new joint venture middle-market direct lending program with $1.5 billion in lending capacity for U.S. middle-market clients.

Cypress Environmental Partners filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of Argonaut Private Equity, that is expected to clear approximately $58 million worth of debt.

FIS developed a new embedded finance offering in partnership with Treasury Prime to help financial institutions meet the growing need for digitally-native banking experiences.

Monroe Capital closed its Monroe Capital Opportunistic Private Credit Fund I with approximately $500 million of investable capital, including targeted fund leverage.

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March...