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Phoenix IB Advises Spray Products in Successful $40MM Refinancing
Phoenix IB, part of J.S. Held, acted as the exclusive investment banker to its long-term client, Spray Products Corporation, in arranging, structuring, and negotiating a $40 million loan package with Legacy Corporate Lending.  “Phoenix IB is delighted with the credit package we were able to arrange...
11/6/2024
October Commercial Chapter 11 Filings Down 13% Y/Y
October saw a 13% decrease in commercial Chapter 11 bankruptcy filings, according to a monthly report from Epiq AACER and ABI. There were 563 commercial chapter 11 filings registered in October 2024, down from the 647 filings registered in October 2023.Total bankruptcy filings were 47,104 in October...
11/6/2024
Eclipse Business Capital Provides $100MM Senior Credit Facility to Specialty Chemical Manufacturer
Eclipse Business Capital provided a $100 million senior secured credit facility to a specialty chemical manufacturer.  The credit facility is secured by accounts receivable and inventory and will refinance the Company’s existing credit facilities and provide additional liquidity to support ongoing...
11/6/2024
eCapital Upsizes ABL Credit Facility to $987MM
eCapital announced the successful upsizing of its subsidiaries’ asset-based lending (ABL) facility, which expanded from $815 million to $987 million. This upsizes, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with eCapital’s powerful growth outlook and vision for...
11/6/2024
 
Merchant Cash Advance H-E-Double Hockey Sticks
Ben T. Nicholson
Merchant Cash Advances (MCAs) offer quick funds to struggling businesses, but often lead to financial peril.
10/1/2024 Topic: Industry Insights
Wrongful repossessions are costly as lenders often assume their repossession...
Kansas and Connecticut are enacting commercial financing laws enhancing...
Topic: Regulatory
 
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