News

CVC Credit Partners closed Apidos XXXIII, a collateralized loan obligation fund totalling $400 million.

According to an article in the ABI Journal, the COVID-19 pandemic is forcing common law jurisdictions and civil law jurisdictions to accelerate the move toward electronic signatures, electronic filings and remote notarizations.

The International Factoring Association appointed Meg Roberson, senior vice president and national sales manager for Gulf Coast Business Credit, a new advisory board member.

Venerable, which owns and manages the legacy variable annuity business acquired from Voya Financial, chose to migrate its data management to AC PaSS, the cloud-based managed service solution from Asset Control.

Horsburgh & Scott raised $20 million in debt financing from Great Rock Capital Partners Management to refinance its existing debt facility and provide additional capacity for anticipated growth.

PGIM Private Capital provided $4.7 billion of senior debt and junior capital to middle-market companies and projects globally in the first half of 2020.

Hancock Whitney agreed to sell $497 million of energy loans to certain funds and accounts managed by Oaktree Capital Management.

Encina Business Credit provided a $25 million senior secured credit facility to a value-added master steel distributor and processor.

Capital Financial Global rescinded its merger with Affiliated Funding and is exiting the invoice factoring business to avoid potential losses and market risk associated with the economic impact of COVID-19.

AlixPartners is serving as restructuring advisor to Bruin E&P Partners, which received the support of a majority of its debt creditors for a restructuring transaction that will eliminate more than $840 million of funded debt.