News

First Business Growth Funding, a division of First Business Capital, funded a $5 million accounts receivable purchase facility for a logistics and transportation company.

Austin Financial Services closed a $1.5 million revolving A/R and inventory facility for a manufacturer of precision machine components for the aerospace and defense industries.

J D Factors provided $640,000 in recent factoring facilities, including a $250,000 factoring facility to a transportation company in Ohio.

Bay Point Advisors committed $7.5 million in new debtor-in-possession funding to support a network of blockchain mining companies through the Chapter 11 process.

ATB Financial will provide up to $6.25 million in interim financing and Luminus Energy will provide up to $13.5 million in interim financing to Delphi Energy. The financing was approved as part of an order from the Court of Queen’s...

Fitch Ratings affirmed the long-term issuer default rating, senior secured debt rating and senior unsecured debt rating of Oaktree Specialty Lending at 'BBB-'. The rating outlook was revised to stable from negative.

FTI Consulting is serving as financial advisor and PJT Partners is serving as investment banker to LATAM Airlines, which initiated a voluntary reorganization and restructuring of the company’s debt under Chapter 11 protection in the United States.

Crestmark secured a total of $7.8 million in asset-based lending financial solutions for 10 new clients in the first half of May, including a $2.5 million accounts receivable purchase facility for a manufacturing materials distributor in Colorado.

Opportune is serving as restructuring advisor and Evercore Group is serving as investment banker to Unit Corporation, which filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code.

The U.S. Bankruptcy Court for the District of Delaware approved the first day motions of Exide Technologies, including interim approval of $40 million of debtor-in-possession financing.