News

ABN AMRO will extend its previously announced credit facility payment deferral program to commercial banking clients with a credit facility with a principal and/or a limit of up to €50 million ($55.05 million).

Jobless claims reached a new record in the week ending March 21, as 3.283 million applicants filed for unemployment benefits, an increase of 91.4% from the previous week, according to data from the U.S. Department of Labor.

Only 29% of companies can continue to be fully operational with employee work restrictions in place and 57% expect to be partially operational, according to a recent survey.

Capital Southwest, a provider of financing to support the acquisition and growth of middle market businesses, will withdraw its voluntary redemption of $35 million in principal of the $77,136,175 in aggregate principal amount of issued and outstanding 5.95% notes due...

The stimulus package recently passed in the U.S. Senate features several bankruptcy provisions, including an increase in the eligibility threshold to file under subchapter V of chapter 11, according to a press release from the American Bankruptcy Institute.

Greenberg Traurig will rejoin forces with Bruce Zirinsky, its former co-chair of the restructuring and bankruptcy practice, and subsequently founder of Zirinsky Law Partners, a boutique law and advisory firm.

FFIEC members will provide guidance to financial institutions and work with state and local officials to identify workers as essential to ensure the security and resilience of the nation’s critical infrastructure.

Truist Financial committed $1 million each to community development financial institutions LiftFund and Natural Capital Investment Fund to support small businesses affected by the COVID-19 pandemic.

Deloitte issued a financial reporting alert that discusses certain key accounting and financial reporting considerations related to conditions that may result from the COVID-19 pandemic.

Hilco Global issued a series of strategic recommendations to assist lenders with current portfolio exposure in the retail market to take action during the near-term fallout of the current COVID-19 pandemic.