News

Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in Q1/23, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends.

Oaktree Capital Management closed Oaktree European Capital Solutions Fund III, a private debt fund that closed with a total capital commitment of €1.2 billion ($1.33 billion).

CVC Credit priced Apidos XLV, a new issue collateralized loan obligation vehicle totalling $500 million. Bank of America served as lead arranger.

Lisa Rafter, publisher of Monitor, will go live today at 2 p.m. EDT to announce the nominees for Monitor‘s Converge Awards.

According to the Secured Finance Network’s annual asset-based lending and factoring survey, there was solid growth in commitments and outstandings and strong portfolio performance in the ABL market last year, while the factoring industry proved similarly resilient.

Accord Financial is now offering Canadian companies a way to obtain accounts receivables financing through its new AccordExpress Factoring Portal, which offers financing between $500,000 and $2 million.

Ares Management launched Ares Strategic Income Fund, a business development company that will invest in senior secured loans to U.S. middle-market companies. The fund launched with approximately $1.5 billion in investible capital.

MACCO Restructuring Group was awarded the Sale of the Year by the asset sale committee of the American Bankruptcy Institute for its work on the Chapter 11 bankruptcy case of LaForta - Gestão e Investimentos, Sociedade Unipessoal, Lda.

Bed Bath & Beyond filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. Sixth Street Specialty Lending is providing $240 million in debtor-in-possession financing...

BMO Canadian Business Banking launched Greener Future Financing — its first climate financing program — which has been developed to help agriculture businesses looking to build climate resilient operations.