News

Alvarez & Marsal is serving as restructuring advisor, Kirkland & Ellis is serving as legal counsel and PJT Partners is serving as financial advisor to Intelsat, which filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Eastern...

Banks with $10 billion or more in assets approved 8.9% of small business loans in April, falling from a mark of 15.4% in March and an all-time high of 28.3% in February, according to Biz2Credit. Smaller banks approved 11.8% of...

Crestmark secured a total of $3.95 million in ABL financial solutions for four new clients in the second half of April.

Bain Capital Double Impact Fund committed up to $1.9 million in debtor-in-possession financing to Sustainable Restaurant Holdings, which filed to restructure its business under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District...

According to an 8K, Wells Fargo served as trustee for the sale of $300 million of 6.375% senior notes due in 2025 by Wolverine Worldwide, which also entered into an amendment to its senior credit facility.

Ares Australia Management launched its first Australian product, the Ares Global Credit Income Fund.

The American Factoring Association wrote to Steven T. Mnuchin, U.S. treasury secretary, and Jerome H. Powell, chairman of the Federal Reserve, to state its opposition to a proposal to create a federal program to purchase accounts receivables in the private...

Monroe Capital reported adjusted new investment income of $6.8 million in Q1/20 compared with $7.7 million for Q4/19. The company also reported net asset value fell by 18% to $205.4 million in the quarter compared with the Q4/19 level of...

CapitalPlus Construction Services recently provided more than $3 million in factoring facilities, including the continued funding of a $2,200,000 construction factoring facility for an excavating contractor in Tennessee.

J D Factors recently provided $775,000 in factoring facilities, including a $250,000 factoring facility to a transportation company in Illinois and a $250,000 factoring facility to a transportation company in Maryland.