News

African Asset Finance Company, a New York-based non-bank specialty finance company, closed a $30 million redeemable preferred share offering, led by Roha II LP. The financing was completed in two equal tranches.

Lawrence Financial Group finalized seven new loan transactions in Q1/20, including a $4 million revolving line of credit for a company that grows and processes sun-dried tomatoes.

Tradewind Finance closed a $650,000 credit facility for a manufacturer of mobile chargers and other consumer electronic accessories based in Hong Kong.

The American Bankruptcy Institute is offering complimentary access to its collection of more than 2,700 sessions on its eLearning website during the ongoing COVID-19 quarantine.

In response to the COVID-19 pandemic, Tiger Group’s valuation services division issued risk assessment guidance for asset-based lenders on 29 consumer goods categories, noting that fashion apparel, fashion accessories and footwear were the riskiest categories.

Fnac Darty signed a €500 million ($542.69 million) credit agreement with a syndicate of banks. Crédit Agricole coordinated the transaction, which is guaranteed up to 70% by the French State.

J D Factors recently provided $3.82 million in factoring facilities, including a $750,000 facility to a transportation company in New Jersey.

Utica Leaseco completed a $2.25 million refinance transaction secured by machinery and equipment to an automotive company located in Missouri.

Goldman Sachs Bank, Deutsche Bank, Barclays Bank, Morgan Stanley Senior Funding and Credit Suisse provided a $460 million debtor-in-possession facility to Frontier Communications, according to an 8K filed with the SEC.

Ankura will act as financial advisor and assume the role of chief restructuring officer for Yuma Energy, which filed voluntary Chapter 11 petitions for relief under the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of...