News

Amerisource Business Capital closed and funded a $1 million credit facility for an IT staffing company in California.

Access Capital closed an $850,000 facility for a California staffing firm that provides physical therapists, occupational therapists and speech therapists to schools, hospitals and other healthcare facilities across the U.S.

National Stores initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. As part of the restructuring, the company will be closing 74 of its 344 stores.

Antares served as administrative agent and sole lead arranger on senior secured credit facilities to support the recapitalization of Synoptek by Sverica Capital Management.

U.S. bankruptcy filings increased 1% in July 2018 from July 2017, according to data provided by Epiq Systems. Commercial Chapter 11 filings were up 23% over last year.

According to a KPMG report, investment in U.S.-based fintech companies surged to $14.2 billion across 427 deals during the first half of 2018.

Business Capital has secured a growth capital facility for Wholesome Nut Company, a worldwide supplier of choice California nuts, primarily almonds and walnuts.

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the majority recapitalization of SMP Pharmacy Solutions by private equity sponsor Galen Partners.

Reuters reported that U.S. investors are moving into the second lien loan market, which offers higher yields but greater risk.

Chico’s completed a $200 million asset-based lending facility led by Wells Fargo Capital Finance’s Retail Finance unit.