News

Ares Capital reported GAAP new income of $153 million, net investment income of $203 million and net realized and unrealized losses of $50 million for the fourth quarter of 2018.

Shoe manufacturer and retailer Crocs amended its credit agreement with PNC Bank as administrative agent and KeyBank as syndication agent.

OnDeck announced fourth quarter 2018 net income of $14 million, an increase from $9.8 million from the previous quarter. The company’s full year 2018 net income of $27.7 million was significantly improved from its net loss of $11.5 million in...

Elevate Credit, a tech-enabled provider of online credit solutions for non-prime consumers, amended the credit facilities for its four products with alternative investment firm Victory Park Capital.

InfuSystem Holdings, a national provider of infusion pumps and related services for the healthcare industry in the U.S. and Canada, amended its existing credit facility with JPMorgan Chase Bank.

Fortress Transportation and Infrastructure Investors amended its existing credit agreement with JPMorgan Chase Bank as administrative agent, increasing the aggregate revolving commitments under the facility from $125 million to $250 million.

Merchant bank BDT Capital Partners has made a majority equity investment in equipment and accounts receivable finance company Commercial Credit.

New England Motor Freight voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark. Phoenix Management Services will serve as the company’s restructuring advisor through the...

Greenwich Associates presented People's United Bank with seven awards, including a Greenwich Best Brand – Trust award.

Although the U.S. Small Business Administration was closed for most of January because of the government shutdown, the percentage of SBA loan approvals dropped by just one percent in January at regional and community banks, according to Biz2Credit Small Business...