News

CIT Group won three Stevie American Business Awards for business excellence. The awards included a gold award for achievement in management – banking and silver awards for fintech solution and corporate social responsibility program of the year.

Tiger Group is liquidating the machinery and equipment surplus from the ongoing operations of a dispenser and manufacturer of cannabidiol products.

GA Global Partners will conduct a live virtual public auction of the assets of Steel Partners on June 4. GA Global Partners is conducting the auction by order of the U.S. Bankruptcy Court in the District of Nevada.

AlixPartners is serving as restructuring advisor and Miller Buckfire is serving as financial advisor to Tuesday Morning, which filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code.

Rosenthal & Rosenthal completed a $750,000 purchase order finance facility for an automotive client and a $10 million collection factoring agreement for a mattress company. Both clients will be serviced by Rosenthal’s southeast office in Atlanta.

First Business Growth Funding, a division of First Business Capital, funded a $5 million accounts receivable purchase facility for a logistics and transportation company.

Austin Financial Services closed a $1.5 million revolving A/R and inventory facility for a manufacturer of precision machine components for the aerospace and defense industries.

J D Factors provided $640,000 in recent factoring facilities, including a $250,000 factoring facility to a transportation company in Ohio.

Bay Point Advisors committed $7.5 million in new debtor-in-possession funding to support a network of blockchain mining companies through the Chapter 11 process.

ATB Financial will provide up to $6.25 million in interim financing and Luminus Energy will provide up to $13.5 million in interim financing to Delphi Energy. The financing was approved as part of an order from the Court of Queen’s...