News

Monroe Capital Corporation closed a public offering of $130 million aggregate principal amount of 4.75% notes due 2026. Raymond James & Associates acted as book-running manager for this offering.

Diamond Offshore Drilling entered into a plan support agreement with holders of more than 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will deleverage the company's balance sheet.

AMC Entertainment Holdings, a U.S.-based movie theater company, has raised or signed commitment letters to receive $917 million of new equity and debt capital in the last month.

As part of its Q1/21 issue focused on diversity, equity and inclusion, ABF Journal will be unveiling its inaugural Women in Asset-Based Lending profiles feature.

Alvarez & Marsal is serving as restructuring advisor to Superior Energy Services in the company’s recently approved Chapter 11 plan of reorganization, in which the company’s $1.3 billion in debt would be converted into equity and the company would emerge...

Arboretum Investment Advisors, an SEC-registered investment adviser specializing in asset-backed and equipment finance funds, entered into a partnership to acquire, originate and service up to $500 million of equipment leases and loans.

Versant Funding funded a $4 million non-recourse factoring facility for an aerospace machining and engineering company. The facility enabled the company to pay off an asset-based lender while also providing liquidity to meet pent-up demand.

CIT’s maritime finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II.

Tradewind Finance completed a $5 million export factoring facility for a U.S.-based meat trading company. The company has a subsidiary in Brazil and exports to the Middle East, South Africa and Asia. Funds will be used to support its growth.

eCapital Commercial Finance, a division of eCapital, provided a $1.5 million debtor-in-possession factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy.