News

Ares Australia Management launched its first Australian product, the Ares Global Credit Income Fund.

The American Factoring Association wrote to Steven T. Mnuchin, U.S. treasury secretary, and Jerome H. Powell, chairman of the Federal Reserve, to state its opposition to a proposal to create a federal program to purchase accounts receivables in the private...

Monroe Capital reported adjusted new investment income of $6.8 million in Q1/20 compared with $7.7 million for Q4/19. The company also reported net asset value fell by 18% to $205.4 million in the quarter compared with the Q4/19 level of...

CapitalPlus Construction Services recently provided more than $3 million in factoring facilities, including the continued funding of a $2,200,000 construction factoring facility for an excavating contractor in Tennessee.

J D Factors recently provided $775,000 in factoring facilities, including a $250,000 factoring facility to a transportation company in Illinois and a $250,000 factoring facility to a transportation company in Maryland.

Dean Foods completed the previously announced sale of its facility in Miami to Mana Saves McArthur for $16.5 million. As a result, Dean Foods has completed all of its previously announced sales.

Tiger Group, with sale partners Aaron Equipment, Rosen Systems and Perry Videx, is accepting bids for ECS Refining’s former multi-medium recycling plant on South Sinclair Avenue in Stockton, CA.

Crédit Agricole, HSBC France and Natixis will serve as mandated lead arrangers and bookrunners for a €7 billion ($7.58 billion) financing arrangement for the Air France-KLM Group.

Bank of America will provide debtor-in-possession financing to fund the restructuring process of Techniplas, which filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.

Crestmark funded more than $215 million for small businesses through the Paycheck Protection Program (PPP), part of the CARES Act stimulus package.