News

BOK Financial issued a borrowing base redetermination to BNK Petroleum’s revolving line of credit, lowering the bowering base to $23.5 million.

YE Investment, an affiliation of Red Mountain Capital, notified Yuma Energy that all outstanding payments under its existing credit agreement are currently due and that its restructuring agreement with Red Mountain has been terminated.

The approval percentage for small business loan applications at banks with $10 billion or more in assets plummeted to 15.4% in March, falling from a post-recession high of 28.3% in February 2020, according to the Biz2Credit Small Business Lending Index.

Total commercial chapter 11 bankruptcy filings for Q1/20 increased 14% from the same period last year, according to data provided by Epiq Systems.

In the third episode of ABF Journal’s COVID-19 focused podcast, Jeffrey A. Wurst said he expects an uptick in bankruptcy filings from mainstream middle market companies and a return to “old fashioned bankruptcy.”

Mount Street and Paul Hastings joined forces to create a streamlined, process driven service offering to replace LIBOR in existing CRE loan documentation.

BNP, Banco Santander, Deutsche Bank and JPMorgan provided a €12 billion ($12.96 billion) loan facility agreement to Daimler.

Lendio, a small business loan marketplace, launched an online application for small business owners to access the $349 billion in government funds set aside for the Paycheck Protection Program.

The American Bankruptcy Institute will host four webinars during the next week with a focus on the Coronavirus Aid, Relief, and Economic Security Act and the Small Business Reorganization Act of 2019. The first webinar will take place on April...

CIT Group provided financing for Aria Designs to help it procure millions of advanced N95 surgical masks that will protect medical professionals battling the COVID-19 pandemic.