News

Biz2Credit’s annual women-owned business study found that profits for women-owned businesses dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, which was the primary reason profits fell in 2021.

CNH Finance closed more than 40 facilities during 2021, totaling more than $160 million in new commitments. New and existing partnership servicing includes supporting growth and asset-based lending capital needs of healthcare providers.

CIT reorganized its commercial services factoring business, with Marc Heller, president of CIT commercial services, now reporting directly to Peter Bristow, president of First Citizens Bank, and Michael Hudgens now leading commercial services as managing director and group head.

Epiq released February 2022 bankruptcy filing statistics from its new Epiq Bankruptcy Analytics platform. Overall, February new filings were 26,985 across all chapters, up 3.2% from January 2022, which had 26,155 new filings.

Second Wind Consultants facilitated Logan Fund’s purchase of a distressed note at $2 million par from BOK Financial. BOK Financial will exit from a lending relationship with a printed circuit board assembly company that has 60 employees.

Gordon Brothers, the global advisory, restructuring and investment firm, partnered with New Mill Capital to sell the machinery and equipment from Drinkworks’ two U.S. facilities in timed, online auctions.

Great Elm Capital launched Great Elm Utica, a joint venture between Great Elm Capital and Utica Leaseco, to co-invest in proprietary equipment financing transactions sourced by Utica Leaseco.

CVC Credit priced Apidos XXXIX, a collateralized loan obligation fund totaling approximately $508 million and arranged by Societe Generale. This is the first new issue CLO CVC Credit has priced globally this year.

Rosenthal & Rosenthal provided a $2 million factoring facility and $1.2 million in purchase order financing to an outdoor and sporting apparel company.

Monroe Capital released results for Q4/21 and 2021 overall, reporting $22.2 million net investment income for all of 2021 and $5.4 million in net investment income in Q4/21.