News

Aeroméxico, which, under its debtor-in-possession term loan facility, needed to deliver final valuation materials to its DIP lenders in advance of filing a plan of reorganization by Aug. 23, intends to complete and send such materials during the 30-day grace...

Crestmark, the commercial finance division of MetaBank, secured a total of $46.9 million in asset-based lending/factoring financial solutions for 16 new clients in the first half of August.

Flexible Funding moved its headquarters from San Francisco to Fort Worth, TX. In addition, the company also expanded its team by hiring Steve Sala as CFO and Doug Gregory as CCO.

Sallyport Commercial Finance provided a $250,000 invoice factoring facility to help an individual client set up a new contracting business.

Franklin Capital completed a $250,000 factoring and purchase order finance facility for a Canadian-based apparel company that focuses on sportswear and outerwear.

PrimeRevenue, a provider of technology-enabled working capital solutions, and IFS Capital entered a partnership designed to address the trade finance needs of large and middle-market companies in Southeast Asia.

Tix Corporation and its wholly-owned subsidiary, Tix4Tonight, filed voluntary petitions under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.

Large corporate bankruptcy filings reached near-record highs in 2020 but returned to lower levels in the first half of 2021 as economic recovery took hold, according to a report released by Cornerstone Research.

Intelsat achieved the support of key creditor groups on the terms of a financial restructuring. The company also filed an amended plan of reorganization in its Chapter 11 proceedings. The amended plan has the support of holders of approximately $11...

Gordon Brothers sold the majority of the machinery and equipment from the Honda of the UK Manufacturing Swindon plant to a single buyer and has launched an online auction for Honda’s Synchro Motorsport team assets.