News

U.S. Bank entered into a collaboration agreement with trade finance fintech LiquidX to help expedite and simplify supply chain transactions between suppliers and buyers.

Deerpath Capital Management closed Deerpath CLO 2022-1, a $375 million collateralized loan obligation (CLO). Deerpath CLO 2022-1 represents the fifth CLO issued by Deerpath since 2018 and brings the firm's total CLO assets under management to approximately $1.8 billion.

BNP Paribas closed an amendment to add sustainability-linked incentives to its letter of credit facility with renewable power producer Northland Power. 

36th Street Capital served as lessor of record and servicer for $40 million in equipment financing of manufacturing equipment dedicated to the production of electric vehicle components. 36th Street funded $14 million of the total financing package.

Armstrong Flooring, a designer and manufacturer of flooring solutions, filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

The National Bank of Coxsackie launched its new small business lending platform, NBC Express. Now small businesses can apply for installment loans via this platform and the entire process, from application to funding, is completed in a digital manner. 

Opportunity Bank of Montana and Teslar Software partnered to streamline the bank’s lending process for both employees and customers. The bank anticipates loan growth of up to 10% this year and leveraging Teslar will allow it to scale efficiently.

Total U.S. bankruptcy filings in April 2022 decreased 21% from last April, according to data provided by Epiq Bankruptcy. Commercial filings decreased 16% in April 2022, as the 1,761 filings were down from the 2,105 commercial filings registered in April...

StepStone Group, a global private markets investment firm, closed StepStone Senior Corporate Lending II, raising $1.3 billion of commitments, surpassing its target of $1 billion.

On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.”