The majority of today’s business leaders expect to achieve revenue growth this year, with 32% believing revenues will grow by more than 10%, according to the 2024 Working Capital Survey from C2FO, an on-demand working capital platform.
Funds managed by the credit group of Ares Management closed approximately $9.3 billion in U.S. direct lending commitments across 71 transactions during Q1/24.
Republic Business Credit hired Brian Resutek as senior vice president and Southeast regional manager. Resutek has nearly two decades of experience in factoring, commercial finance, banking and business development.
Cedar Fair entered into new credit facilities consisting of a seven-year, $1 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028. Goldman Sachs served as lead arranger.
A majority of small and mid-sized business (SMB) owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute.
SLR Credit Solutions closed a $50 million senior credit facility comprised of a revolver and term loan for Fluent, a performance marketing company that delivers customer acquisition and partner monetization solutions through its digital media portfolio, global commerce partnerships and proprietary data and tech.
Blank Rome opened a new office in Boston, anchored by 13 partners with corporate, finance, mergers and acquisitions, tax, litigation, and cannabis practices. In addition, 12 associates and several other businesses professionals joined the new office.
SLR Digital Finance funded a $4 million credit facility for a New York-based lead generation and digital marketing specialist that provides lead generation, content, display media and targeted email campaign services to large enterprise software and technology companies.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of LidoChem by Valudor Products.
Law firm Clifford Chance hired Chang-Do Gong as a partner and co-head of its U.S. mergers and acquisitions practice. Gong has 25 years of public and private M&A experience and previously served as a partner at White & Case for 12 years.