News

CIT Group’s healthcare finance business served as the sole lead arranger on a $39 million loan for the acquisition of the North Hills Health Center in Menominee Falls, WI, by private equity firm IRA Capital.

California Resources Corporation will complete its financial restructuring and emerge from bankruptcy with a $540 million revolving credit facility, $300 million of secured notes and $200 million of second lien term loan from Ares.

Garrett Motion obtained approval of stalking horse bidding protections for affiliates of KPS Capital Partners, including a $63 million termination fee and expense reimbursement that is subject to a limit of $21 million.

TAB Bank opened a small ticket accounts receivable financing office in Plano, TX, with a team of 22 commercial finance professionals. The office will provide for all commercial industries except medical and construction.

DPW Holdings converted all of its secured debt, totaling just under $5 million, to equity.

Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.

BizCap secured growth capital for Community Eco Power, a group operating two plants in Massachusetts.

Encina Capital Partners launched Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada. Luke Graham and John Thomas will lead the new platform.

A&G Real Estate Partners completed bankruptcy court-approved sales of Stage Stores, a Texas distribution center and two other properties. A&G has been serving as real estate advisor for a Houston retailer, which liquidated all its stores after filing for Chapter...

In the first half of October, Crestmark secured a total of $30,557,358 in ABL financial solutions for 13 new clients and Crestmark’s government guaranteed lending group provided $9,396,250 in financing for three new clients.