News

Bankruptcy filings in August 2022 across all chapters totaled 35,355, a 10% increase from the August 2021 total of 32,276, according to new research released today from Epiq's Bankruptcy analytics platform.

Aequum Capital entered a partnership with a global alternative investment management firm to establish a new commercial lending platform that will originate and service asset-based loans to small and medium-sized businesses in the U.S.

The National Association of Credit Management’s Credit Managers' Index (CMI) remained at a combined score of 55 in August, with improvements in unfavorable factor indexes offsetting deterioration in favorable factor indexes.

Solifi released its latest version of Solifi Asset-Based Lending (ABL) software. The updated version includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk and streamline processes.

White Oak Global Advisors, together with its financing affiliates, provided more than $1 billion in loans across all platforms between January 1 and June 30, 2022.

DataBank closed its initial recapitalization led by Swiss Life Asset Management AG, EDF Invest, Northleaf Capital Partners and Ardian. Structured as a sale of ownership interests from existing investors for $1.5 billion, the new investor consortium will now own 35%...

NewAge, a Utah-based direct-to-consumer organic and healthy products company, and certain of its subsidiaries each filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of...

BizCap secured a $20 million credit facility for Schweizer, a manufacturer of helicopters and an aviation industry parts supplier. The new asset-based loan credit facility will be used to finance production, enabling Schweizer to meet the increased demand for its...

Kapitus, a provider of small business financing, closed $95 million in additional funding capacity, bringing its total debt facilities to $360 million.

Fosun International Limited and HSBC Bank (China) renewed a strategic cooperation agreement today to provide strong support for Fosun International and its subsidiaries in the aspects of global operation and investment capabilities, growth strategies, financial resources and more.