News

Monroe Capital acted as sole lead arranger and administrative agent on a senior credit facility to support the refinancing of NationsBenefits. Additionally, The Pritzker Organization, Denali Growth Partners and Monroe Capital provided equity capital to the company.

Epiq released its August 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, August was flat with 32,225 new filings across all chapters, down slightly from July 2021 with 32,391. Total commercial filings were up 1% over...

Fintech startup, Marco, acquired new clients in Mexico and Ecuador, adding to its roster of Latin American SME clients. An Ecuadorian fruit exporter and a Mexican logistics company have partnered with Marco in order to expand their international trade finance...

Labor shortages and mounting inflation fears combined to dampen business executives’ outlook on the U.S. economy, according to the third-quarter AICPA Economic Outlook Survey.

Ocean Bank’s factoring division provided a $2 million factoring facility to a wine distributor in the Midwest.

According to a forecast from Technavio, the size of the factoring market is expected to increase by $1,457.01 billion between 2021 and 2025, registering a CAGR of almost 7.48% during the forecast period.

Asset-based lending grew modestly in the second quarter for banks and more significantly for other lenders, according to the Secured Finance Network’s Asset-Based Lending Index and SFNet Confidence Index.

GTT Communications entered into a restructuring support agreement with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a restructuring of the company’s remaining balance sheet.

According to a survey from Cerebro Capital, lenders in the commercial and industrial sector experienced increased demand for credit because of the booming M&A market and the improving economy in Q2/21.

Celtic Bank, a Utah-based industrial bank, will expands its commercial loan offerings to technology companies that are not well suited for traditional loan products due to the nature of their business models with a new recurring revenue loan product.