News

The overall score of the Q3/20 Wells Fargo/Gallup Small Business Index rose 12 points from last quarter’s historic low-water mark. However, the overall positive movement in sentiment was contrasted by the third successive quarterly decline in optimism about current business...

BMO Financial Group revealed new, five-year diversity goals to address gaps affecting Black, Indigenous, People of Color, Latino and LGBTQ2+ employees, customers and communities.

Small business loan approval percentages at big banks with more than $10 billion in assets and small banks dropped slightly in August 2020, an indication that the upward trend that began in May has plateaued, according to the Biz2Credit Small...

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $10 million factoring-inventory finance facility to a consumer electronics wholesaler and distributor serving public and private retailers in the U.S. and international markets.

Commercial Chapter 11 filings rose 17% in August 2020 compared with August 2019, according to Epiq, with 525 new filings in the month up from 449 in the same month last year.

Atalaya Capital Management provided a new credit facility and total financing package of up to $200 million to LendingUSA, a point-of-sale financing provider.

CEC Entertainment, the owner/operator of Chuck E. Cheese and Peter Piper Pizza, entered into a plan support agreement with consenting creditors and received a commitment for $200 million in debtor-in-possession financing from certain of its first lien lenders.

CIBC Innovation Banking provided a $25 million growth capital financing for Toronto-based Vena Solutions, a provider of cloud-based financial planning and analysis software. The funding enables Vena to further expand its product content and market reach.

Bank of America is serving as administrative agent for a amended and restated $1.5 billion five-year unsecured revolving credit facility for Reliance Steel & Aluminum. The amended and restated facility will replace Reliance’s existing agreement.

Main Street Capital completed a new portfolio investment to facilitate the minority recapitalization of Superior Rigging & Erecting, with Main Street funding $26 million in a combination of first-lien, senior secured term debt and a direct equity investment.