News

The United States Bankruptcy court approved all first day motions on an interim or final basis for Philippine Airlines’ voluntary restructuring, including approving access to the first $20 million of its debtor-in-possession financing totaling $505 million provided by Buona Sorte...

The International Factoring Association (IFA) added a new vendor to their preferred vendor program: Decipher, a provider of front- and middle-office automation technology for factoring companies. Decipher will offer IFA members a special discount available only to member firms.

KKR has agreed to invest $40 million in preferred equity in Jet Edge International an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States.

The International Factoring Association (IFA) announced the Consumer Financial Protection Bureau has announced that its proposed regulation implementing Section 1071 of the Dodd-Frank Act would not be imposed on the factoring industry.

Tecum Capital Management received a license from the U.S. Small Business Administration (SBA) to operate its third SBIC fund and concurrently held its first closing for the new fund. This third fund is nearly fully subscribed at $240 million.

Société Générale Factoring and HPD Lendscape, an international secured-lending platform vendor, aligned Société Générale Factoring’s “open factoring” environment to the latest Lendscape API framework.

Jam City, a mobile entertainment company, completed the acquisition of mobile game studio Ludia from Fremantle for $165 million. Jam City raised $350 million in equity and debt financing from Netmarble, Kabam and affiliates of funds managed by Fortress Investment...

Amerisource Business Capital closed and funded of a $2 million real estate loan for an Ohio-based metal stamping and machining firm. The proceeds were used to re-finance the company’s bank loan that was maturing.

Alongside eased pandemic restrictions, consumers report an increase in excessive spending and other financial behaviors that worsen financial progress in latest BMO Real Financial Progress Index.

Monroe Capital acted as sole lead arranger and administrative agent on a senior credit facility to support the refinancing of NationsBenefits. Additionally, The Pritzker Organization, Denali Growth Partners and Monroe Capital provided equity capital to the company.