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...
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November 26, 2024 @ 08:10 AM
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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...
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November 26, 2024 @ 08:09 AM
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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...
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November 26, 2024 @ 08:07 AM
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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...
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November 26, 2024 @ 08:06 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Mission Autism Clinics (“MAC”) by Helping Hands Family, an existing portfolio company of Zenyth...
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November 26, 2024 @ 08:00 AM
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nFusion Capital provided a $2.5 million ABL facility for Kitu Life, also known as Super Coffee.Raising capital post-COVID was difficult, which hampered the Company’s growth and limited the capital available to invest in brand development and...
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November 26, 2024 @ 07:52 AM
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U.S. Bank announced Kristy Carstensen as the new leader of its Global Treasury Management business. In this position, Carstensen heads the unit that provides comprehensive treasury management and payment solutions to the bank’s business, government...
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November 26, 2024 @ 07:40 AM
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PlainsCapital Bank announced that Jorge Vernaza has joined its Houston lending team as Senior Vice President, Senior Commercial Loan Officer.As Senior Commercial Loan Officer, Vernaza will focus on building and managing relationships with commercial...
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November 26, 2024 @ 07:00 AM
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First Foundation announced the appointment of Thomas C. Shafer as its Chief Executive Officer. Shafer’s appointment follows the retirement of Scott F. Kavanaugh, who has served the Company as CEO since 2009 and as a member of the Board of Directors...
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November 25, 2024 @ 08:15 AM
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H-Food Holdings and certain of its affiliates (Hearthside), a leading food contract manufacturer, has entered into a global Restructuring Support Agreement (“RSA”) with its key stakeholders that will right size the balance sheet, infuse the business...
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November 25, 2024 @ 08:10 AM
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