News

Allied Affiliated Funding closed $600,000 in receivables financing to a company specializing in the recycle, repair and resale of used electronics and $1.5 million in receivables financing to a company providing inspection services for pipeline/rigs.

According to an 8K filed with the SEC, GLAS USA served as administrative agent and collateral agent for a $100 million debtor-in-possession facility as part of Quorum Health’s restructuring support agreement with its term loan lenders and noteholders.

Crestmark secured a total of $13.9 million in asset-based loans for eight new clients in the second half of March, including an $8 million asset-based line of credit facility to a steel products provider in Indiana.

Chris Carmosino, president of valuations at Gordon Brothers, outlines how to tackle the valuation process from home and spoke about the pandemic’s potential long-term effects on performing valuations, consumer behaviors and M&A activity.

AlixPartners will serve as restructuring advisor to LSC Communications, which voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.

Sallyport Commercial Finance provided a $2 million accounts receivable facility, including a $500,000 cash flow loan, to a company that provides traffic control services.

Pacific Coast Capital will leverage Crowd Machine’s custom asset-based lending solution to enable real-time transparency for lenders and customers.

FTI Consulting will serve as financial advisor to Pace Industries, which reached an agreement with its lenders on the terms of a financial restructuring plan and initiated a voluntary prepackaged Chapter 11 process in the U.S. Bankruptcy Court for the...

Biz2Credit will offer its Biz2X Accelerate SBA platform free of charge to banks and credit unions with assets under $10 billion that are offering Paycheck Protection Program loans.

Alleon Healthcare Capital closed a $2.4 million medical accounts receivable financing facility with a management service organization (MSO) in California.