News

Continental Business Credit completed a $3 million revolving credit facility for a retailer and wholesaler of brand name women’s wear and accessories.

The Commercial Finance Association’s former executive director, Leonard Machlis, has passed away. He is survived by his wife, Harriet, sons, Steven, Brian and Roger, and his daughters-in-law and grandchildren.

Reuters has reported that ESL Investments, the hedge fund run by Sears’ former CEO Eddie Lampert and the store’s largest creditor, has forwarded a $4.6 billion bid to rescue 500 Sears stores from liquidation.

Venture Global LNG entered into a $220 million bridge loan facility with Morgan Stanley Senior Funding and associated lenders.

According to the Wall Street Journal, USA Gymnastics has filed for Chapter 11 bankruptcy in the wake of snowballing legal and financial woes.

Optimism among small business owners jumped significantly in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 129, the highest ever recorded in the survey’s 15-year history.

Uranium Energy extended its current $20 million senior secured credit facility to January 31, 2022. Sprott Resource Lending Partnership was a lender on the facility.

Thomas E. Walker, Jr., joined Jones Walker as a partner on the Banking & Financial Services Industry Team in the law firm's Jackson, FL office.

Capital Now provided $650,000 in facilities to three Canadian clients in November 2018.

According to data provided by Epiq Systems, commercial chapter 11 filings increased 50% in November 2018 over November of last year, though total bankruptcy filings experienced a 2% decrease year over year.