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S&W Seed Company closed a new $25 million revolving credit agreement with ABL OPCO LLC ("Mountain Ridge") which replaces an existing facility with CIBC Bank USA.In connection with the Company's entry into the Mountain Ridge credit agreement, MFP... Read Story

Filed Under: Agriculture
December 24, 2024 @ 08:15 AM

Gordon Brothers in a joint venture with Hilco Consumer - Retail and Tiger Capital Group, began store closing sales at all 869 Big Lots locations.The U.S. closeout retailer is offering up to 25% off original prices on all merchandise and 50% off a... Read Story

Filed Under: Retail
December 24, 2024 @ 08:10 AM

Lafayette Square was named by the U.S. Small Business Administration ("SBA") as one of four new Small Business Lending Company (SBLC) licensees. SBLCs are granted to SBA 7(a) lenders focused on historically underserved markets to support SBA's... Read Story

Filed Under: Industry News
December 24, 2024 @ 08:04 AM

TScan Therapeutics, a clinical-stage biotechnology company focused on the development of T cell receptor (TCR)-engineered T cell (TCR-T) therapies for the treatment of patients with cancer, announced that it has entered into a term loan facility with... Read Story

Filed Under: Biotechnology
December 24, 2024 @ 07:50 AM

Cadre Holdings, a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, closed a new credit agreement that provides senior secured... Read Story

Filed Under: Manufacturing
December 24, 2024 @ 07:48 AM

Data from the Secured Finance Network revealed generally mixed results in the asset-based lending market for the third quarter, with deal activity receding in response to fewer new client commitments, and the portfolio performance index improving for... Read Story

December 24, 2024 @ 07:40 AM

ABL Advisor's offices will be closed Wednesday, December 25th and Thursday, December 26th for the Christmas holiday. We will return with our Daily eNews on Friday, December 27th.We wish all of our readers, advertisers, contributors and colleagues a... Read Story

Filed Under: Industry News
December 24, 2024 @ 06:00 AM

The Container Store Group, the nation’s leading retailer of organizing solutions, custom spaces, and in-home services, announced it will implement a recapitalization transaction to bolster its financial position, fuel growth initiatives, and drive... Read Story

Filed Under: Bankruptcy
December 23, 2024 @ 09:00 AM

Great Plains Communications (GPC), a leading Midwestern telecommunications provider, announced the successful closing of $500 million in financing to refinance debt and fund future capital expenditures and expansion. Fifth Third Bank acted as the... Read Story

Filed Under: Telecom
December 23, 2024 @ 08:45 AM

Consumer Portfolio Services announced that on December 16, 2024, it amended its two-year revolving credit agreement with Citibank to increase the capacity of the facility. The amendment also applies to the subordinate third party lender, which was... Read Story

Filed Under: Lender Finance
December 23, 2024 @ 08:41 AM