News

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.

SSG Capital Advisors acted as the investment banker to organic and natural grocery chain Green’s Natural Foods in the sale of its equity interests to Hudson Equity Partners.

Hilco Merchant Resources will advise women’s apparel retailer Christopher & Banks on the company’s store closing sales after it filed for Chapter 11 bankruptcy. Closing sales have begun at 400 stores nationally.

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will reopen the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or fewer in assets on Jan. 15. The portal will fully open on...

Morgan Stanley Private Credit served as co-lead arranger on junior capital securities for Caltius Equity Partners’ portfolio company, Talent Systems, to refinance existing debt and support the company’s acquisition of Spotlight Unlimited.

The “Bankruptcy Administration Improvement Act of 2020” was signed into law on Wednesday. The act previously passed the Senate and the House of Representatives. Among its provisions, the bill reduces the amount of quarterly fees paid and simplifies the free...

Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, committed more than $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors.

Crestmark secured a total of $9.7 million in ABL financial solutions for four new clients and Crestmark’s government guaranteed lending group provided $38.165 million in financing for eight new clients in the second half of December.