News

Hilco Merchant Resources will advise women’s apparel retailer Christopher & Banks on the company’s store closing sales after it filed for Chapter 11 bankruptcy. Closing sales have begun at 400 stores nationally.

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will reopen the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or fewer in assets on Jan. 15. The portal will fully open on...

Morgan Stanley Private Credit served as co-lead arranger on junior capital securities for Caltius Equity Partners’ portfolio company, Talent Systems, to refinance existing debt and support the company’s acquisition of Spotlight Unlimited.

The “Bankruptcy Administration Improvement Act of 2020” was signed into law on Wednesday. The act previously passed the Senate and the House of Representatives. Among its provisions, the bill reduces the amount of quarterly fees paid and simplifies the free...

Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, committed more than $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors.

Crestmark secured a total of $9.7 million in ABL financial solutions for four new clients and Crestmark’s government guaranteed lending group provided $38.165 million in financing for eight new clients in the second half of December.

Leader Bank was recognized for the second year in a row as the Lender of the Year to Minorities by the Massachusetts office of the U.S. Small Business Administration.

Alternative investment firm H.I.G Capital promoted Keval Patel to head of U.S. middle market LBO funds, Adam Schimel to co-head of H.I.G’s Bayside Capital special situations and distressed debt strategy, Ricky Stokes to head of U.S. lower middle market funds...

eCapital Commercial Finance, a division of eCapital, has delivered more than $10 million in additional funding to clients with existing factoring facilities during the COVID-19 pandemic to help them meet demand for products and services.

Alternative credit investment manager DFG Investment Advisers changed its name to Vibrant Capital Partners, unifying the firm with its CLO business and several of its investment vehicles. The company also launched a new website.