News

Deerpath Capital Management, a provider of cash flow-based senior debt financing to lower middle-market companies in North America, closed Deerpath CLO 2021-2, a $425 million collateralized loan obligation.

The Financial Accounting Standards Board issued a proposed accounting standards update intended to help investors and other allocators of capital better consider the effect of supplier finance programs on a buyer’s working capital, liquidity and cash flows.

Synovus launched a new restaurant finance team focused on helping restaurants across the United States. Residing in Synovus’ wholesale banking division and based in Atlanta, the team consists of restaurant industry and banking veterans Scott Tocci, Kelly Nyquist and Jay...

Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing.

In its role as court-appointed receiver for digital data and advertising company AudienceScience, Revitalization Partners filed suit against Google and YouTube for infringing on a trio of patents held by the receivership and the former company’s estate.

Accord Financial closed its first private securitization facility at $100 million. This private securitization provides term financing for a discrete amortizing pool of small business loans originated by Accord.

Ares Management raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund with approximately $1.4 billion in total raised and $800 million in related transaction vehicles.

According to Wilmington Trust’s 2022 capital markets forecast, in the new year, economic risks like labor shortages and supply chain disruptions will normalize, inflation will decelerate and smart technology investments will provide long-term value for businesses.

White Oak Commercial Finance provided a $15 million factoring facility to a supplier of parts for the automotive aftermarket.

Clarus Capital launched as a new commercial finance company focused on delivering capital solutions to finance tangible assets for leveraged middle-market companies. The new company was founded by former executives of NewStar Financial.