News

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. government and subcontractors.

Porter Capital funded an $8.5 million credit facility for a Tier-1 automotive parts manufacturer.

According to B. Riley’s recently released retail industry monitor, with limited year-to-date retail bankruptcy filings and the holiday shopping season on the horizon, retail bankruptcy activity should remain low through the balance of 2021 but will return to typical levels...

Grupo Aeroméxico received a joint proposal from its lenders under tranche two of its debtor-in-possession financing facility and from certain existing creditors and new money investors with whom the company was prepared to enter into commitment papers upon bankruptcy court...

Crestmark secured a total of $18,247,152 in asset-based lending and factoring financial solutions for 16 new clients and Crestmark’s government guaranteed lending group provided $15.425 million in financing for one new client in the second half of October.

Verdant Commercial Capital expanded its funding capacity through the addition of a $200 million warehouse facility with Wells Fargo Bank. Concurrently, Verdant extended its existing corporate facility with Wells Fargo Lender Finance.

SSG Capital Advisors acted as the investment banker to Gym Source, an East Coast distributor of fitness equipment, in the sale of all of its retail locations to Johnson Health Tech Retail. The transaction closed this month.

The Ontario Superior Court of Justice approved an amendment to the interim debtor-in-possession financing term sheet between Just Energy Group and its DIP lenders to, among other things, extend the maturity of the DIP facility to Sept. 30, 2022.

Matrix Capital Markets, an independent investment bank, advised E.J. Pope & Son (EJP), d.b.a. Handy Mart, on the sale of its 36 petroleum marketing and convenience retail stores to GPM Investments, a wholly-owned subsidiary of ARKO.

According to new research paper from the Alternative Credit Council and Allen & Overy, private credit managers are accelerating the integration of environmental, social and governance initiatives into their investment strategies and engagement with businesses on sustainability.