FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation Links

ABL Advisor News


News Library

Big Lots announced that it does not anticipate completing its previously announced asset purchase agreement with Nexus Capital Management, though it continues to work toward completing an alternative going concern transaction with Nexus or another party. The Company's goal would be to complete a sale by early January.In parallel with these efforts, the Company is preparing to commence going out of business ("GOB") sales at all remaining Big Lots store locations in the coming days to protect the Read Story

Field Under: Retail
December 20, 2024 @ 08:17 AM

BHI, the U.S Branch of Bank Hapoalim, B.M., appointed Dana Zeller as Chief Operating Officer. Zeller will report directly to CEO, Gil Karni, and join the BHI Senior Management Team.  Zeller will have oversight across all facets of BHI from Operations to Office Services.  She has more than 25 years of experience including Morgan Stanley, Citizens Bank, Bank Leumi and most recently, ConnectOne Bank.  “As BHI continues to grow and thrive, we continue to keep driving forward on all facets of Read Story

December 20, 2024 @ 08:16 AM

KKR released its 2025 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).McVey and his team retain a Glass Half Full mentality heading into 2025, though they believe the bar is now higher to achieve strong absolute returns. They also note that while investors should expect lower returns and more volatility, the combination of stronger U.S. productivity, favorable technicals, robust nominal earnings growth, and lack of net issuance Read Story

Field Under:
December 20, 2024 @ 08:15 AM

The Commercial Finance division of Pathward announced a $15 million asset-based revolving line of credit to a transportation parts distributor headquartered in Virginia. The company needed a lender that could provide an increase in liquidity and stability, as they continue to grow.  Pathward also announced the closing of a $20 million asset-based revolving loan supported by accounts receivable and inventory and a $1.6 million term loan to Michigan-based company manufacturing lifestyle goods in Read Story

December 20, 2024 @ 08:12 AM

Cohn & Dussi announced that five of its attorneys have been recognized as Top Lawyers by Boston magazine for 2024. This prestigious accolade is a testament to the firm's commitment to excellence and the outstanding expertise of its attorneys.The following Cohn & Dussi attorneys have been honored as Top Lawyers for 2024: Lewis J. Cohn, Managing Partner, in the field of Bankruptcy & Workouts. Cohn's practice is dedicated to representing lenders in all aspects of the commercial loan process Read Story

Field Under: Industry News
December 20, 2024 @ 08:00 AM

Briar Capital Real Estate Fund closed new $10.8MM commercial real estate loan to a 30+ year old industrial tool supplier in Georgia.  The business was referred to Briar Capital by the company’s asset-based working capital lender after they learned the borrowers existing mortgage holder, a large regional bank, desired to exit the relationship. Given the company’s recent financial performance, the ABL lender knew another bank was not the solution and instead needed a real estate-focused Read Story

Field Under: Real Estate
December 20, 2024 @ 07:34 AM

Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Broad Sky Partners’ investment in Frontline Managed Services , a provider of white glove Managed IT Services and Revenue Cycle Management solutions to over 800 law firms, including over 50% of the AM Law 200, in addition to hundreds of mid-sized legal firms.Founded in 1987 and headquartered in St. Louis, Missouri, Frontline Managed Services provides 24/7 support to law firms for IT Read Story

Field Under: Technology
December 20, 2024 @ 07:00 AM

MONTICELLOAM (“MonticelloAM”) announced the closing of a $400,000,000 bridge loan for a 29-facility skilled nursing portfolio. A MonticelloAM firm affiliate acted as Agent, with Huntington National Bank as joint lead arranger. The financing comprised over 2,900 beds across Kentucky and Tennessee.“We are proud to serve as a joint lead arranger on this transaction. This deal reflects our continued commitment to supporting the skilled nursing sector and collaborating with clients to help them reach Read Story

Field Under: Nursing Facilities
December 19, 2024 @ 08:15 AM

As The Federal Reserve cuts interest rates again, lenders expect further interest rate reductions and have concerns with retail and consumer sectors.  Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held.  The fourth quarter survey results highlight concern regarding the impact of the presidential election and the timing and magnitude of future Federal Reserve interest Read Story

Field Under: Industry News
December 19, 2024 @ 08:10 AM

BlackRock released its annual Private Markets Outlook mapping out how the sector, spanning geographies and asset classes, will evolve in the year ahead. Covering trends in private debt, infrastructure, private equity and real estate, the report helps clients navigate this rapidly growing space.Fundamentals across private markets remain resilient, setting the stage for a new phase of growth in 2025, marked by elevated investment activity, a rise in exits, lower financing costs and more demand for Read Story

Field Under: Private Equity
December 19, 2024 @ 08:07 AM

Colbeck Capital Management, a leading middle-market private credit firm focused on strategic lending, announced that Gregory Budetti, former Director of Capital Partnerships and Investor Relations at Closed Loop Partners, LLC, has joined Colbeck as Head of Business Development. In this newly created role, Budetti will work closely with Colbeck’s Managing Partners, Jason Beckman and Jason Colodne, to manage strategic capital formation initiatives and develop investment solutions that align Read Story

December 19, 2024 @ 08:05 AM

Amerisource Business Capital successfully closed and funded a $3,500,000 working capital facility for an Oklahoma-based industrial coatings company serving diverse industries.Doug Forbes, Market Manager at Amerisource, shared his insights on the transaction: “The equity sponsor was seeking a senior lender capable of offering a flexible working capital facility, while also partnering with a leading equipment lender to support funding for the company’s anticipated growth. We were pleased to assist Read Story

Field Under: Manufacturing
December 19, 2024 @ 08:00 AM

nFusion Capital announced that experienced analyst Ashton Bennett has joined their team as Senior Vice President of Underwriting as of December 2, 2024. She is based in their Phoenix Office. In previous posts she has demonstrated steadfast leadership and a commitment to client satisfaction.“We are excited that Ashton is joining us as a proven leader in underwriting and client relations and onboarding,” said Jason Lippman, CEO, nFusion Capital. “We are committed to strengthening client bonds as Read Story

December 19, 2024 @ 07:55 AM

EisnerAmper announced that Navin Sethi has joined the firm as a Tax Partner in its Financial Services Group.With 25 years of experience, Navin specializes in serving hedge, venture, and private equity funds. He has deep expertise in leading tax services for a range of high-profile partnerships within the financial sector, with a specific emphasis on the cryptocurrency, digital assets, and cannabis industries.  Navin has B.B.A. in Accounting and a J.D. in Law from the University of Texas and an Read Story

December 19, 2024 @ 07:50 AM

B. Riley Securities served as sole bookrunner to Roman DBDR Acquisition Corp. II on its $200 million initial public offering. Roman is a blank check company formed for the purpose of affecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, the Company intends to Read Story

Field Under: Industry News
December 19, 2024 @ 07:00 AM