News

Independent factoring and ABL financing firm Rosenthal & Rosenthal appointed Phillip Daks as a vice president/account executive in the firm’s West Coast office.

Siena Lending Group completed a new asset-based revolving credit facility for Doodad Printing.

Abacus Finance Group served as administrative agent and co-lead arranger for $48 million in senior secured credit facilities to support the recapitalization of Receivable Solutions by WestView Capital Partners.

LBC Credit Partners increased DreamLine’s senior secured credit facilities to support an investment in Arizona Shower Doors._x000D_ _x000D_

Approval rates for small business loan applications rose to another post-recession record (27.9%) at big banks according to the Biz2Credit Small Business Lending Index. Non-bank approvals slipped by a 10th of a percent

Eagle Bulk Ultraco closed on a $34.3 million incremental term loan under its existing five-year senior secured term loan facility, which bears an interest rate of LIBOR plus 2.50% and matures in 2024.

The Wall Street Journal reported EP Energy filed for Chapter 11 protection by cutting $3.3 billion in debt under a proposed deal with Apollo Global Management and Elliott Management.

Leonard Klingbaum and Andrea Hwang have joined Ropes & Gray’s Finance Practice as partners in the firm's New York office.

Family office AVALT has purchased Ned Stevens, a provider of residential gutter cleaning and essential exterior home services.

Alvarez & Marsal has appointed Jason Yum as senior director to its Corporate Performance Improvement group in Seattle.