News

Altimetrik introduced a Paycheck Protection Program forgiveness solution for banks and other lenders to ease the burden of the loan forgiveness system.

Crestmark provided more than $29 million in commercial financing transactions to 126 businesses in the first half of June, including more than $5 million in term loans by the company’s government guaranteed lending group.

GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S....

Ares Management, an alternative investment manager, closed ts Ares Special Opportunities Fund. The fund was significantly oversubscribed at more than $3.5 billion of commitments relative to its $2 billion target.

Carl Marks Advisors is acting as restructuring advisor, Cantor Fitzgerald is serving as investment advisor and Greenberg Traurig is serving as legal advisor to American Addiction Centers, which filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code.

Fundbox, a B2B payment and credit network, selected LoanPro, a cloud-based loan servicing platform, to accelerate the development of flexible credit management capabilities.

The United States Bankruptcy Court for the Northern District of California confirmed PG&E’s plan of reorganization. Following the confirmation of the plan, PG&E Corporation and Pacific Gas and Electric Company completed the initial stage of bankruptcy exit financing.

Certain funds managed by Lapis Advisers and Amundi Pioneer Asset Management filed a Chapter 11 plan of reorganization in the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division to restructure the Clare Oaks retirement community.

Sunnova Energy International, a residential solar and energy storage service provider, closed its second solar-loan securitization and sixth residential solar securitization overall.

White Oak Commercial Finance funded more than $600 million in credit facilities in 2019 and more than $300 million year-to-date to diversified enterprises in North America, the UK, Europe and Australia.