News

Monroe Capital has provided approximately $450 million in direct financing support to more than 20 women and minority-owned businesses.

According to a survey from Cerebro Capital, 76% of non-bank lenders expect loan demand to surge over the coming months as borrowers leave commercial banks in search of relaxed covenants and flexible loan structures.

Express Trade Capital provided a $6 million factoring facility for an importer of menswear.

Gulfport Energy entered into a restructuring support agreement with more than 95% of its revolving credit facility lenders and certain noteholders. Alvarez & Marsal is serving as restructuring advisor to the company.

TD Bank ranked No. 1 in total number of approved U.S. Small Business Administration loan units in its Maine-to-Florida footprint for the SBA’s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans.

Align Business Finance recently completed $34.3 million in transactions, including a $7.3 million senior secured facility for a Southwest trucking company.

ABFJ Journal has undergone quite a bit of change in 2020, including launching new products like podcasts and livestreams and expanding its reader base and breadth of coverage to include alternative lenders, junior lenders, leveraged finance professionals and more.

Guitar Center, a global musical instrument retailer, entered into a restructuring support agreement with its equity sponsor, funds managed by the private equity group of Ares Management, Brigade Capital Management and The Carlyle Group.

Gordon Brothers added six industry veterans from lending institutions across the globe to expand its special situations lending and investment platform.

AlixPartners is serving as restructuring advisor to menswear retailer Tailored Brands in the company’s plan of reorganization under its Chapter 11 filing. Tailored Brands expects to emerge from Chapter 11 protection by the end of November.