News

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.

Ninepoint Partners, an alternative investment manager, expanded its partnership with Chicago-based private credit asset management firm Monroe Capital.

Pathward is adding a new line of credit to open access for credit challenged consumers. The new Pathward line of credit can provide credit solutions to an underserved population in a responsible way.

M&T Bank announced it will transition certain outstanding floating rate and fixed-to-floating rate debt securities, preferred stock and trust preferred securities currently using three-month U.S. dollar LIBOR as the reference rate to CME Term SOFR after June 30.

According to the Equifax Canada Market Pulse Business Credit Trends Report for Q1/23, new data suggests a pattern of credit expansion and a significant shift in credit usage in Canada this year.

Entourage Health, a Canadian producer and distributor of cannabis products, partially repaid its senior secured credit facility with BMO and transitioned the remaining balance to the LiUNA Pension Fund of Central and Eastern Canada.

Lannett Company, a developer, manufacturer, packager, marketer and distributer of generic pharmaceutical products, emerged from Chapter 11 bankruptcy following the confirmation of its plan of reorganization on June 8.

William J. Delaney, counsel at Cohn & Dussi, was recognized by Super Lawyers for 2023. Delaney has been named to the Super Lawyers list for bankruptcy every year since 2008.

The American Bankruptcy Institute’s Subchapter V task force will hold its second virtual public hearing at 3 p.m. EDT on June 23 to receive witness testimony regarding eligibility issues related to Subchapter V of Chapter 11 of the U.S. Bankruptcy...