News

ABF Journal, in partnership with the Monitor, will launch a new podcast in which leaders from all corners of the asset-based finance industry discuss the effects of the COVID-19 pandemic on their industries and companies.

Jefferies Finance acted as administrative agent and collateral agent on a $75 million debtor-in-possession facility for Internap Corporation, which filed for Chapter 11 bankruptcy.

Tiger Group will hold an online-only auction of excess pro-grade audiovisual gear from The Camera Division on March 31. The Camera Division is a rental house formed in 2017 by the merger of The Camera House and Division Camera.

Monroe Capital reported the purchase of more than 237,500 shares of Monroe Capital common stock by officers and directors of the company and senior management of Monroe Capital Management Advisors, an affiliate of the company’s investment advisor.

In response to current market volatility and the COVID-19 pandemic, law firm Schulte Roth & Zabel reconstituted its market conditions working group from the global financial crisis.

ABN AMRO will be automatically deferring payments of interest and principal for six months for 55,000 commercial banking clients with a credit facility of up to €2.5 million, meaning interest and principal payments due in April through September will not...

The American Bankruptcy Institute announced that it will cancel its annual spring meeting. The meeting was scheduled for April 23-25 in Washington, D.C, but will not go on as “conditions have worsened exponentially.”

Total commercial chapter 11 filings in February 2020 decreased 20% over the same period last year, according to Epiq Systems, but Amy Quackenboss, executive director of the American Bankruptcy Institute, projects a future increase in filings due to the COVID-19...

Citizens M&A Advisory served as the exclusive financial advisor to TopBloc, a services, deployment and support provider for Workday, in its recapitalization by BV Investment Partners.

The Federal Reserve lowered the target range of the federal funds rate to zero percent to 0.25% over the weekend in response to the potential economic impact of the coronavirus (COVID-19).