News

J D Factors recently provided $775,000 in factoring facilities, including a $250,000 factoring facility to a transportation company in Illinois and a $250,000 factoring facility to a transportation company in Maryland.

Dean Foods completed the previously announced sale of its facility in Miami to Mana Saves McArthur for $16.5 million. As a result, Dean Foods has completed all of its previously announced sales.

Tiger Group, with sale partners Aaron Equipment, Rosen Systems and Perry Videx, is accepting bids for ECS Refining’s former multi-medium recycling plant on South Sinclair Avenue in Stockton, CA.

Crédit Agricole, HSBC France and Natixis will serve as mandated lead arrangers and bookrunners for a €7 billion ($7.58 billion) financing arrangement for the Air France-KLM Group.

Bank of America will provide debtor-in-possession financing to fund the restructuring process of Techniplas, which filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.

Crestmark funded more than $215 million for small businesses through the Paycheck Protection Program (PPP), part of the CARES Act stimulus package.

According to a survey from the Secured Finance Network, the factoring industry saw only minor changes in the 2018-2019 time period, except for a significant increase in credit losses, most likely attributable to the competitive environment through 2019.

Berkeley Research Group is serving as financial advisor for Neiman Marcus Group, which commenced voluntary Chapter 11 proceedings and secured DIP financing of $675 million from its creditors.

CIT Group’s power and energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, OH.

MidCap Financial completed an equity offering of more than $300 million. This offering is part of a strategy to enhance MidCap Financial's financial flexibility as a capital provider to the middle market.