News

Webster Bank was recognized among the World’s Best Banks in Forbes’ inaugural World’s Best Banks list. Only 60 banks in the United States were recognized for this honor.

Solar Capital Partners and its affiliates will fund $30 million in second lien debt financing for BAMFi, a provider of fintech solutions. Hovde Group served as sole arranger and placement agent on the transaction.

The number of women-owned businesses that applied for funding in 2018 increased by 13%, although their funding amounts went down, according to an annual study of women-owned companies by Biz2Credit.

Allied Affiliated Funding recently closed $3 million in receivables financing for a Texas-based oil and gas company.

After 44 years, fast-fashion retailer Charlotte Russe is going out of business and closing all of the company’s remaining 416 store locations. A U.S. Bankruptcy Court approved an order naming SB360 Capital Partners as agent for the liquidation.

Austin Financial Services funded a $4.3 million asset-based credit facility for a drilling tool technology company in the oil and gas industry.

Amerisource Business Capital closed and funded a $600,000 credit facility for a New York based manufacturer of component parts for the aerospace, commercial, military and transportation industries.

Private Debt Investor once again selected Monroe Capital as the recipient of its 2018 Lower Mid-Market Lender of the Year Award in the Americas region.

Mark Howard joined professional services firm Alvarez & Marsal as a managing director in the Public Sector Services unit. Howard will be the national lead of the state and local government consulting practice.

Gibraltar Business Capital closed a $10 million credit facility for a sponsor-backed specialty chemical business located in the Southwest.