News

Alvarez & Marsal is acting as restructuring advisor and Jeffrey S. Stein of Stein Advisors is acting as chief restructuring officer for Whiting Petroleum, which commenced voluntary Chapter 11 bankruptcy proceedings.

TCI Business Capital hired Scott Franzen as senior vice president of business development. Franzen previously served as senior vice president of sales at Marquette Transportation Finance.

Lenders believe the coronavirus pandemic will be the leading economic driver in 2020, according to a survey from Phoenix Management.

Alvarez & Marsal served as financial advisor to Dean Foods on its sale of assets to Dairy Farms of America, Prairie Farms Dairy, Mana Saves McArthur, Producers Dairy Foods, Harmoni and Industrial Realty Group.

Biz2Credit launched Biz2X Accelerate SBA, a platform aimed to help banks and other financial institutions respond to loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP) of the CARES Act stimulus package.

J D Factors recently provided $5.25 million in factoring facilities, including a $2.5 million factoring facility to a transportation company based in California.

CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary.

According to the 22nd edition of the EY Global Capital Confidence Barometer, 73% of C-Suite executives expect COVID-19 to have a severe impact on the global economy in the form of supply chain disruption, as well as declining consumption.

FTI Consulting is serving as restructuring advisor and Guggenheim Securities is serving as financial advisor to OneWeb, which voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New...

Ares Management, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking reached a strategic agreement to collaborate on future business opportunities.