News

US Capital Global Securities received an endowment into its recently launched US Capital Global Lending LLC, which makes senior loans of $1 million to $10 million to business credit providers that lend to qualifying small and medium-sized businesses.

The U.S. Bankruptcy Court approved Chatham Asset Management’s purchase agreement with The McClatchy Company on Aug. 4. Chatham chose Tony Hunter to serve as CEO of McClatchy following its emergence from Chapter 11.

Fifth Third served as financial advisor to Radio Systems in its acquisition by Clayton, Dubilier & Rice. Fifth Third Business Capital was administrative agent for the asset-based acquisition financing.

Northstar Capital, a provider of junior capital for middle market private equity transactions, placed an investment in Yale Cordage, a portfolio company of River Associates.

Rosenthal & Rosenthal completed several non-recourse factoring deals with furniture companies in Texas and North Carolina.

StoreBound, a client of White Oak Commercial Finance, recently signed an investment agreement with Groupe SEB, a multinational domestic equipment conglomerate, with the aim of reinforcing its presence in the U.S. housewares market.

Funds managed by Ares Management’s credit group closed approximately $1.7 billion in commitments across 24 transactions during Q2/20 and approximately $4.4 billion in commitments across 64 transactions in the year-to-date period.

Monroe Capital Corporation, a business development company affiliate of Monroe Capital, reported net investment income of $12.6 million, or $0.61 per share, in Q2/20 compared with $6.8 million, or $0.33 per share, for the quarter ended March 31, 2020.

ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, closed and funded a $30 million non-recourse factoring facility for a market technology services company.

Total commercial Chapter 11 filings in July 2020 increased 52% from the previous year, according to data provided by Epiq.