News

Revolution Capital, a provider of factoring and cash flow financing in Canada and the United States, is celebrating its fifth year in business by rebranding to REV Capital.

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, there were 330 commercial Chapter 11 filings registered in May 2022, an increase of 34% from the 246 filings in May 2021.

Best Companies Group named Biz2Credit to its list of 2022’s Best Places to Work in Financial Technology. The 2022 list included the top 50 fintech companies in the country and was published by Arizent brands, the publisher of American Banker.

Inflation worries, a tight labor market and global fallout from the Russo-Ukraine war have dropped business executives’ view of U.S. economic prospects to its lowest level since 2011, according to the second-quarter AICPA Economic Outlook Survey.

Paul Hastings added a high-profile team specializing in the representation of banks, non-bank financial institutions, fintechs, and other companies providing financial products and services.

Great Rock Capital closed a senior secured credit facility with a leading distributor of metal coils and sheets to the metal roofing industry located in Florida.

Nav Technologies, a financing platform for small businesses, announced a partnership with Marcus by Goldman Sachs to offer small business owners financially smart lines of credit with fixed rates, no origination or maintenance fees, and a fully digital experience.

United States Steel completed an amendment and restatement of its $1.75 billion asset-based sustainability-linked credit facility. JPMorgan Chase served as administrative agent.

SLR Business Credit rebranded its subsidiary Fast Pay Partners to SLR Digital Finance, which will provide asset-based loans and factoring facilities to ad tech and digital media businesses throughout the U.S.

TPC Group, a provider of products to chemical and petroleum-based companies, voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.