News

Reuters reported that U.S. online lenders such as LendingClub, Kabbage and Avant are scrutinizing loan quality as they prepare for an economic downturn.

Austin Financial Services completed a $5 million senior secured credit facility, comprised of an A/R and inventory revolver, for a manufacturer of specialty trucking equipment and accessories located in the Midwest.

TAB Bank provided a $1.675 million revolving credit facility to a California-based trucking company.

_x000D_ The Wall Street Journal reported that despite positive retail sales, mall store are continuing to shutter._x000D_ _x000D_

Encina Business Credit has provided a $15 million senior secured revolving credit facility to an oil field services company.

Sanford (Sandy) R. Climan has joined Lazard as a senior advisor in Financial Advisory, effective immediately. _x000D_ _x000D_

National Bank Financial Markets and BMO Capital Markets acted as co-lead arrangers and joint bookrunners for a new term loan supporting Toronto-based Saputo’s acquisition of Dairy Quest, a UK-based company.

Alphatec Holdings closed its expanded $30 million secured financing facility with Squadron Medical Finance Solutions.

Jian Li has joined AlixPartners as a managing director in the firm’s Shanghai office.

SB360 Capital Partners has been retained as the exclusive consultant to conduct "store closing" sales and other clearance events for Memphis-based Fred's.