News

TIAA Bank will become EverBank, returning to its previous brand name, as the bank transitions to new ownership. The brand name change will go into effect following the close of the sale of TIAA Bank first announced last November, with...

Lordstown Motors entered a strategic restructuring process to maximize the value of its assets, including its on-the-road Endurance all-electric pickup truck, intellectual property and platform. 

According to the Asset-Based Lending Index by the Secured Finance Network, combined (bank and non-bank) business lenders’ confidence stayed slightly positive during Q1/23 at 50.3 points, although that was a 5.8-point decline from Q4/22.

CE Brands, as part of an internal reorganization, its wholly-owned subsidiary, eBuyNow eCommerce, has made a voluntary assignment into bankruptcy under the Bankruptcy and Insolvency Act (Canada). Harris & Partners has been appointed as eBuyNow’s trustee in bankruptcy.

GoldenTree Loan Management II (GLM II) closed a $493 million collateralized loan obligation to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 17, GoldenTree has issued 23 CLOs totaling approximately $13 billion...

Oaktree Capital Management closed its life sciences lending fund and its related vehicles, with total capital commitments in excess of $2.3 billion. The fund, which is Oaktree’s first dedicated life sciences fund, was oversubscribed.

Sumitomo Mitsui DS Asset Management, an asset management company in Japan, chose Burgiss, a provider of private capital data and analytics, as its long-term partner to help manage its growing business in alternative investments.

Accord Financial will seek the approval of holders of its 7% convertible unsecured subordinated debentures due Dec. 31 to amend certain terms of such debentures, including increasing the interest rate from 7% to 10% and extending the maturity date to...

A Dubai-based company that focuses on crankshaft manufacturing and supplies automotive components to original equipment manufacturers around the world completed a $2 million factoring facility with Marco, a fintech company.

In October 2021, Qwil, a fintech that provides early payments to staffing firms and managed service providers, and Talent Solutions TAPFIN, a managed service provider for contingent workforces, launched a partnership creating a technology enabled early-payment solution for staffing firms.