News

Capital Now provided a $150,000 credit facility to a construction company based in Alberta.

Marketing firm Catalina filed for Chapter 11 bankruptcy to implement a pre-packaged restructuring transaction. J.P. Morgan Chase is serving as administrative agent on a $125 million DIP facility to support the company's operations.

Parker Drilling voluntarily filed for Chapter 11 in order to facilitate its restructuring support agreement. Bank of America and Deutsche Bank agreed to provide $50 million in DIP financing to facilitate the restructuring.

Flat Rock Capital increased the total borrowing capacity of its financing facility with State Bank and Trust to $30 million.

Commercial finance company Great Rock Capital closed a $15 million senior secured credit facility for a marketing and administrative service firm.

Abacus Finance served as administrative agent and sole lender in support of Thompson Street Capital Partners’ recapitalization of Palisade.

Madison Street Capital acted as the exclusive financial advisor in arranging a $3.2 million debt facility for MonDak Portables. North Avenue Capital provided the facility.

NXT Capital acted as administrative agent, sole lead arranger and sole bookrunner on a senior secured credit facility to support Audax Private Equity’s acquisition of PHOENIX Rehabilitation and Health Services.

FactoringClub recognized 16 factoring companies as winners of their 2019 Best Factoring Company Awards. Over 100 FactoringClub sponsors were evaluated on contract terms, customer service and company leadership.

Small business loan approval rates for big banks reached another record high in November 2018, according to the latest Biz2Credit Small Business Lending Index.