News

Crestmark secured a total of $26.375 million in ABL financial solutions for eight new clients in the first half of January.

Wingspire Capital delivered 10 new loans in its first full year of operations.

Marathon Asset Management closed its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately $900 million in commitments. The fund will invest in a portfolio of asset-based loans across multiple sectors.

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.