News

Koch Real Estate Investments will provide $206.4 million in senior secured financing to Ladder Capital as part of a strategic financing arrangement. Ladder Capital also completed a private CLO with Goldman Sachs Bank, which generated $310.2 million of gross proceeds...

Succession Resource Group launched LendingWell, a free online platform that matches advisors with lenders for buy-outs, buy-ins, working capital, refinancing, commercial real estate, start-up and recruiting needs.

Biz2Credit’s funding affiliate was approved as a lender for the SBA Paycheck Protection Program established under the CARES Act. This makes Biz2Credit a fintech approved by the SBA as a non-bank lender under the PPP.

The Tiger Group achieved 100% sell-through during its online-only auction of excess gear from The Camera Division and 98% sell-through during an online-only auction for surplus equipment from a production supplier known for its support of television and film productions.

Anchorage Capital Group, GSO Capital Partners and Davidson Kempner Capital Management committed to provide a $400 million debtor-in-possession financing facility and exit financing to J. Crew, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.

Monroe Capital acted as co-syndication agent in the funding of a senior credit facility and equity co-investment to support the acquisition of Kindeva Drug Delivery by Altaris Capital Partners.

J D Factors recently provided $820,000 in factoring facilities, including a $400,000 factoring facility to an oil field services company in Texas.

The Federal Reserve expanded access to its Paycheck Protection Program Liquidity Facility to additional lenders and expanded the collateral that can be pledged. The Fed also broadened the scope and eligibility for the Main Street Lending Program.

Celtic Capital provided $2.425 million in accounts receivable and inventory lines of credit to a California-based manufacturer of packaging products primarily used in the healthcare, cosmetics, pharmaceutical and food industries.

Alvarez & Marsal North America served as restructuring advisor to American Commercial Barge Line, successor to American Commercial Line, which successfully completed its recapitalization and emerged from Chapter 11.