News

AeroCentury and certain of its subsidiaries commenced a voluntary case under Chapter 11 of the United States Bankruptcy Code. AeroCentury also entered into a stalking horse agreement with its sole secured lender, Drake Asset Management.

According to a study from UHY International, a global network of independent accounting and consulting firms, the U.S. has increased bank lending by 9% since the start of the COVID-19 pandemic.

CapitalPlus Construction Services, a provider of accounts receivable financing for the construction industry, launched a materials financing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital.

The International Factoring Association added a bonus day of virtual programming to its 27th Annual Factoring Conference, which will now be available to attend virtually or in-person between May 11 and May 15.

The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew. However, the average loan size for women-owned businesses was 33% lower than the average loan size for businesses owned by men.

Cerebro Capital partnered with Ken Singleton, a professor at Stanford University, to study activity in the middle market and create analysis and content to help borrowers and lenders better understand movements and drivers within the credit market.

Riemer & Braunstein, a law firm that represents financial institutions and debt and equity funds in national and regional commercial finance and real estate finance transactions, promoted five lawyers to senior partner and two lawyers to partner, including promoting Anthony...

Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.

Context Business Lending increased its warehouse line by adding Texas Capital Bank as joint lead arranger to its warehouse facility led by CIBC Bank USA as agent.

The middle market is ripe with opportunity in 2021 with heightened expectations for deal-making as well as widespread global economic optimism, according to a survey from Antares Capital.