Crown Partners, a debt advisory firm specializing in senior financing for U.S. companies, advised Arsenal Funding, a merchant cash advance provider, on its recently completed recapitalization.
Commercial and specialty finance veterans Mark Seigel, Evan Nadler and Tony Liobis launched Crown Partners, an independent advisory firm specializing in $5 million to $75 million senior credit facilities and loan products for U.S. companies. Crown’s principals previously led Veritas Financial Partners.
Specialty finance company Veritas Financial Partners closed a $10 million accounts receivable financing facility in partnership with Prestige Capital.
The Philadelphia Credit and Restructuring Summit celebrated its 10th anniversary by moving to a new location and adding a panel of women executives to the lineup. Lenders, turnaround professionals and bankruptcy judges enjoyed a round of Judicial Jeopardy before discussing serious matters ranging from possible federal tariffs on foreign goods to the ramifications of the Supreme Court’s ruling on structured dismissals in bankruptcy.