News

Edgemere Dallas initiated a voluntary and comprehensive restructuring through Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas.

In its annual indicator of industry activity, the Secured Finance Network (SFNet) found cause for optimism but warned members to expect continued economic pressures in 2022.

Charles D. Sheehy is a new commercial banking customer of Eastern Bank, which will provide financing for a working line of credit, term loan and commercial real estate mortgage to support the company’s ongoing financial and growth needs.

Gordon Brothers, the owner of the British heritage brand Laura Ashley, partnered with IMG to expand the Laura Ashley fashion, home and lifestyle brand.

Meriwether Group Capital launched as a new commercial lending company serving businesses who fall outside the criteria of traditional lenders. Jamie Shulman and Mike Ferguson, who both have more than 20 years of commercial banking experience, will lead the new...

CIT’s real estate finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh.

First Eagle Investments reported that the total assets under management in its First Eagle Credit Opportunities Fund eclipsed the $350 million threshold approximately 18 months since its launch. As of Dec. 31, 2021, the fund’s distribution yield was 7.09%.

ION Geophysical filed for voluntary Chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company also secured $2.5 million in debtor-in-possession financing.

Small business loan approval rates at big banks (more than $10 million in assets) rose from 14.7% in February to 14.9% in March, and approval rates at small banks (under $10 billion in assets) increased from 20.5% in February to...

Golub Capital BDC, a business development company, originated $306.3 million in new middle-market investment commitments during the three months ended March 31.