News

Utah recently passed the Commercial Financing Registration and Disclosure Act, which requires companies that provide commercial financing products to register with the Utah Department of Financial Institutions and make certain disclosures.

Eastern Bank provided $8 million in financing to Boston Battery for working capital, real estate and equipment.

Brightwood Capital Advisors, a private credit and impact firm, received its third small business investment company license from the U.S. Small Business Administration.

MD Helicopters entered into an asset purchase agreement with a creditor consortium led by Bardin Hill and MBIA Insurance. The creditor consortium will acquire nearly all of the company’s assets and provide new capital to strengthen MD’s financial position.

Pemberton, an alternative credit specialist, formed a strategic partnership with iCapital to expand its wealth management solutions initiative.

MetaBank, the parent company of Crestmark, is changing its name to Pathward. The company will make certain changes immediately and fully transition to the name Pathward by the end of this calendar year.

In November 2021, SG Credit Partners acquired Stonegate Capital and announced its entry into asset-based lending with a focus on high-growth consumer products. The result of the combined companies is the ability to deliver a complete range of tailored credit...

Sixth Street, an investment firm with more than $60 billion in assets under management, formed a dedicated structured products business. Michael Dryden, formerly of Credit Suisse, joined Sixth Street as a partner to lead the expansion.

Theater owners, live-event production companies and rental houses will find an extensive selection of gear and equipment — more than 15,000 items in all — as Tiger Group liquidates assets from seven former Pacific Theatres locations.

CIT, a division of First Citizens Bank, launched a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment. Shawn Foy will lead the new vertical.