News

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.

The U.S. Small Business Administration issued a “green light” letter inviting Capital Southwest to file its application to obtain a license to operate a small business investment company (SBIC) subsidiary.

A subsidiary of Retail Ecommerce Ventures signed an agreement to serve as the stalking horse bidder for the intellectual property assets of Modell's Sporting Goods at a purchase price of $1.965 million.

American Banker named Nikki Stephenson, head of commercial portfolio management for Regions Bank, a Most Powerful Women in Banking: Next. The award recognizes high-achieving women 40 years old and younger.

Funds managed by Crestview Partners invested in Upwell Water, a San Francisco-based, water-focused specialty finance company.