News

SC&H Capital acted as the exclusive investment banker to A.C. Furniture Company in the sale of real estate properties, inventory, equipment and intellectual property to Linon. The company’s Virgina headquarters were bought by H.I.G. and its second Virginia property by...

COVID-19 will continue to have a major effect on U.S. performance throughout 2020, according to a survey from Phoenix Management. In addition, the survey found that 44% of lenders expect their loan portfolios to remain stable in Q4/20, while 32%...

The leveraged credit team of ORIX Advisers, formerly known as Mariner Leveraged Credit, changed its name to Signal Peak Capital Management. The team re-joined ORIX Corporation USA as part of its registered investment adviser subsidiary, ORIX Advisers.

Crestmark secured a total of $15,847,400 in ABL financial solutions for 10 new clients and Crestmark’s government guaranteed lending group provided $66,831,600 in financing for 16 new clients in the second half of September.

In August, the PayNet Small Business Lending Index declined for the first time since April, falling 13.5 points (-9.1%) to 134.7 and 5.5% below its year-ago level.

24 Hour Fitness entered into a restructuring support agreement with lenders holding approximately 73% of the company’s secured debt and approximately 65% of the company’s senior unsecured notes. The restructuring will reduce $1.2 billion dollars of funded debt.

Monroe Capital received the 2020 Private Credit Strategy of the Year by the Pension Bridge Institutional Asset Management Awards. The award was presented to the firm’s Monroe Capital Senior Secured Direct Loan Fund at the awards ceremony on Sept. 24,...

Small business loan approval percentages at big banks dropped slightly from 13.6% in August to 13.5% in September, which is indicative of the struggles that small businesses are facing, according to the latest Biz2Credit Small Business Lending Index.

Houlihan Lokey is serving as financial advisor and investment banker and AlixPartners is serving as restructuring advisor to UTEX Industries, which entered into a restructuring support agreement with the majority of its lenders and will commence reorganization under Chapter 11.

The U.S. Bankruptcy Court for the Southern District of New York granted Avianca access to $2 billion in debtor-in-possession financing, including $1.27 billion in senior secured financing for which Goldman Sachs and JPMorgan Chase are serving as co-lead arrangers.