News

Versant Funding funded a non-recourse factoring facility to a distributor of electric bicycles and scooters, which sells primarily through e-commerce channels.

First Eagle Investment Management launched First Eagle Credit Opportunities Fund, a multi-sector portfolio investing primarily in private and public credit assets, including direct lending, middle market “club” loans, syndicated bank loans and high yield bonds.

BHH Capital Partners provided Chime Solutions, a Georiga-based provider of customer contact services, with a $30 million recapitalization investment.

White Oak Commercial Finance’s government contracting finance arm provided a $1.5 million factoring facility to a service-disabled veteran-owned 8(a) company that provides operational and technical engineering support to the U.S. Army Cyber Command.

White Oak Commercial Finance provided a $5 million receivables financing facility to a telecommunications and electrical contracting company that provides integrated voice and data cabling infrastructure solutions.

The November Credit Managers’ Index from the NACM decreased slightly after hitting a 15-year high in October. The overall score of 57.9, which was down half a point from October, is the second-highest reading in the last 12 months.

Asset-based lender Gibraltar Business Capital closed 12 transactions and $130.5 million in new commitments in the past nine months since COVID-19 was declared a pandemic.

Black Olive Capital launched its intelligent inventory and purchase order lending platform. Black Olive will provide businesses with $500,000 to $10 million of liquidity based on inventory or purchase orders. Carlos D. Gomez co-founded the company and will serve as...

Ascena Retail Group entered into an asset purchase agreement with Sycamore Partner’s affiliate, Premium Apparel, to sell Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands for $540 million on a cash-free and debt-free basis.

Hertz entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation, a fleet management and financing provider, to Athene Holding for an anticipated cash payment of $825 million before...