News

The economic downturn in the U.S. will continue for the rest of 2020, according to the spring 2020 semiannual economic forecast from the Institute for Supply Management.

Utica Equipment Finance completed the funding of a $5.4 million sale and lease back of cranes located throughout North America to a provider of crane services.

Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, supported ECM Industries in its acquisition of ILSCO.

FTI Consulting is acting as restructuring advisor and Centerview Partners is acting as financial advisor to Ultra Petroleum, which agreed to the terms of a comprehensive balance-sheet restructuring with key creditor constituencies and filed for reorganization under Chapter 11.

Kroll Bond Rating Agency assigned an issuer rating of BBB- with a stable outlook to Crescent Capital, citing the company’s well-established franchise in the middle market lending space.

According to a survey from the Association for Corporate Growth and Chief Outsiders, 40% of private equity firms think their portfolio companies are ready to restart their commercial engines.

Pursuant to a restructuring support agreement, Hornbeck Offshore Services has the support of secured lenders holding approximately 83% of the company's aggregate secured indebtedness.

Alvarez & Marsal is serving as restructuring advisor, Kirkland & Ellis is serving as legal counsel and PJT Partners is serving as financial advisor to Intelsat, which filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Eastern...

Banks with $10 billion or more in assets approved 8.9% of small business loans in April, falling from a mark of 15.4% in March and an all-time high of 28.3% in February, according to Biz2Credit. Smaller banks approved 11.8% of...

Crestmark secured a total of $3.95 million in ABL financial solutions for four new clients in the second half of April.