News

According to a survey from the Association for Corporate Growth, 62% of small and medium-sized businesses majority-owned by venture capital, private equity or other private capital providers are excluded from the Paycheck Protection Program.

Exitus Capital, a financial institution in the Mexican market, acquired a majority stake in CV Credit.

Teligent entered into amendments related to its first lien revolving credit agreement with ACF Finco I LP as administrative agent and its definitive second lien credit agreement with Ares Capital as administrative agent.

A majority of respondents to a survey from FTI Consulting said they are more attuned to how companies are behaving during the global COVID-19 pandemic.

BOK Financial issued a borrowing base redetermination to BNK Petroleum’s revolving line of credit, lowering the bowering base to $23.5 million.

YE Investment, an affiliation of Red Mountain Capital, notified Yuma Energy that all outstanding payments under its existing credit agreement are currently due and that its restructuring agreement with Red Mountain has been terminated.

The approval percentage for small business loan applications at banks with $10 billion or more in assets plummeted to 15.4% in March, falling from a post-recession high of 28.3% in February 2020, according to the Biz2Credit Small Business Lending Index.

Total commercial chapter 11 bankruptcy filings for Q1/20 increased 14% from the same period last year, according to data provided by Epiq Systems.

In the third episode of ABF Journal’s COVID-19 focused podcast, Jeffrey A. Wurst said he expects an uptick in bankruptcy filings from mainstream middle market companies and a return to “old fashioned bankruptcy.”

Mount Street and Paul Hastings joined forces to create a streamlined, process driven service offering to replace LIBOR in existing CRE loan documentation.