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U.S. Revolvers Show Elevated Utilization, Solid Bankruptcy Recoveries, Fitch Ratings
Revolving credit facilities continue to show strong bankruptcy recoveries and offer the highest likelihood of recovery among the various types of rated first-lien debt, according to a new report from Fitch Ratings.Fitch analyzed revolver utilization rates and recovery rates for 411 facilities in our...
11/26/2024
Silicon Valley Bank Closes $70MM Loan Facility with MoneyLion
MoneyLion, a digital ecosystem for consumer finance, successfully closed a $70 million loan facility with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company (“SVB”), to refinance MoneyLion’s existing senior debt and lower its cost of capital. Although MoneyLion’s existing senior...
11/26/2024
Fed Rate Cut Sparks Surge in Equipment Demand
Following the Federal Reserve’s interest rate cuts in September, new data reveals a $10.5 billion, or 5.1% increase, in new business volume for equipment leases and loans from September to October, its largest jump since August 2023, according to the Equipment Leasing and Finance Association CapEx...
Webster Bank Adds Hoffman as Head of Treasury Management
Webster Bank announced that Adam Hoffman has joined Webster as executive managing director, Head of Treasury Management. Hoffman is responsible for leading all facets of Treasury Management and Commercial Card, including Sales, Client Delivery and Product Management.Most recently, Hoffman served as...
 
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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