News

Gibraltar Business Capital is celebrating 10 years of serving middle-market companies with the access to liquidity they need to thrive. Over the past decade, GBC has supported more than 200 borrowers with $500 million in funding commitments.

Rosenthal & Rosenthal completed a multi-million dollar factoring deal with a California-based cosmetics business that shifted its production to aid in the fight against COVID-19.

During Q2/20, Ares Capital made $867 million in new investment commitments, of which $741 million were funded, including five new portfolio companies and 17 existing portfolio companies. Of the new commitments, 69% were in first lien senior secured loans.

Capital Southwest, a business development company that provides financing to support the acquisition and growth of middle market businesses, reported a total investment portfolio of $587.2 million in fiscal Q1/21, including a credit portfolio of $487.2 million.

Truist Financial’s corporate and investment banking businesses, SunTrust Robinson Humphrey and BB&T Capital Markets, integrated and are now doing business as Truist Securities.

RENEW Energy Partners, with private investment funds managed by Ares Infrastructure and Power, will acquire a portfolio of contracted energy efficiency and distributed power generation infrastructure projects serving the commercial, industrial and institutional end markets.

AlixPartners is serving as restructuring advisor and PJT Partners is serving as financial advisor for Tailored Brands, which entered into a restructuring support agreement with more than 75% of its senior lenders and filed voluntary Chapter 11 petitions.

David Rains, president and founder of Commercial Finance Consultants, passed away last week at the age of 64 due to complications from COVID-19.

J D Factors recently provided $3.59 million in factoring facilities for 19 different clients, including a $1 million factoring facility to a medical supply company in Ontario that supplies medical swabs for COVID-19 tests in Canada.

The Credit Managers’ Index from the National Association of Credit Management rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy.