News

David's Bridal and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.

Republic Business Credit provided a $6.75 million factoring legered line of credit facility to a women and minority-owned government contractor. The facility also includes an accordion that can expand the total funding to $10 million.

Sycamore Tree Capital Partners, a specialist asset manager with private and alternative credit investment expertise, closed STCP CLO 2023-3, the firm’s third collateralized loan obligation since inception and the firm’s second CLO in 2023.

KBRA released research examining trends across the structured credit landscape, including issuance, spreads and macro risks. The market for structured credit and collateralized loan obligations (CLOs) was off to a promising start midway through the first quarter of 2023.

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will...

Citing a report from the Federal Reserve, Reuters reported that between March 29 and April 5, U.S. commercial bank deposits rose, while there was a slight decline in loans and leases.

According to data from the Secured Finance Network, Q4/23 was marked by steady confidence in the ABL industry, with lenders maintaining a positive outlook despite persistent inflation and rising interest rates.

National CineMedia, a cinema advertising network, entered into a series of debt restructuring transactions that are expected to strengthen the company’s balance sheet and position the company for long-term growth.

According to the Golub Capital Altman Index produced by Golub Capital in collaboration with credit expert Dr. Edward I. Altman, middle-market private companies experienced year-over-year earnings growth of 11% and revenue growth of 11% during the first two months of...

According to a survey from Phoenix Management Services, 78% of lenders expect consumer spending to dramatically decrease, as pandemic-related liquidity and tax benefits have calmed after inflating normal cash inflow and spending availability.