A new survey from Grant Thornton revealed that chief financial officers (CFOs) are optimistic about the U.S. economy. In fact, at 58%, this is the highest level of optimism since the third quarter of 2021. Grant Thornton’s Q2 2024 CFO survey of more than 225 senior financial leaders revealed several other positive indicators. The data showed that 63% of respondents are confident in their organization’s ability to meet increased demand — a record high in the history of the CFO survey. Respondents
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IDB Bank provided a working capital facility to Franklin Capital to benefit the firm’s operating cash flow amid strategic expansion. Serving as the Sole Lender, the deal signals the Bank’s continued lending activity through its national Asset-Based Lending and Factoring division, empowered by its specialty financing capabilities within the lower-middle market. “Our recent deal with Franklin Capital is an important part of IDB’s growth story, powered by our relationship-first banking practices
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Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. The transaction was part of a broader $222 million credit facility that included a $162 million term loan agented by TCW Private Credit. The transaction allowed Comtech Telecommunications Corp. to refinance its existing debt and provides enhanced liquidity and flexibility. Comtech Telecommunications Corp., headquartered in Chandler, AZ, is a leading global technology company
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Greenberg Traurig has expanded its Corporate, Investment Management, and Financial Regulatory & Compliance practices with the addition of two in-house counsels from major investment firms. Shareholder Patrick J. Kassen joins from Blackstone, where he most recently served as general counsel of their portfolio company Link Logistics and previously served as managing director and chief compliance officer of Blackstone Real Estate. Shareholder Matthew J. Bromberg joins from Exchange Traded Managers
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Tiger Finance’s lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America. Significant second-quarter deals included providing $15 million to an outdoor-lifestyle retailer/ wholesaler, $21 million to a wholesale/ecommerce furniture manufacturer and an additional $7.5 million, along with ownership contribution, to an existing women’s apparel retailer client to support seasonal working and capital
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