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Specialist finance provider eCapital has provided an US$18m asset-based lending facility to a US forged-steel manufacturer undergoing a turnaround, using enhanced receivables financing and inventory-backed borrowing to increase liquidity. The transaction, announced on 23 October, supports a manufacturer in the...
#asset based lending#eCapital#industrial finance
True Food Kitchen has entered Chapter 11 protection with approximately US$42.1m of funded debt, closing 12 restaurants and securing a…
#Chapter 11#debtor-in-possession financing#HumanCo
BT Group has acquired TalkTalk's consumer and wholesale businesses out of administration on a debt-free basis, committing to an estimated…
#administration#Ares Management#BT Group
Accord Financial has secured another short-term extension of its main credit facility but has agreed to reduce the commitment to…
#Accord Financial#asset based lending#bank facility
Great American Capital Corporation (GACC) has participated in a new US$600m asset-based lending facility for an unnamed multi-channel retail and…
#asset based lending#GA Group#GACC
Latvia's airBaltic has entered US Chapter 11 proceedings with a commitment for €350m of debtor-in-possession financing, giving the airline a…
#airBaltic#airline finance#Barclays
eCapital has provided a US$10m asset-based revolving credit facility to a Florida flight-training company undergoing a broad operational and financial…
#accounts receivable#asset based lending#aviation finance
Australia is currently experiencing an unprecedented increase in business insolvencies, primarily driven by acute cashflow pressures. In the 2023–2024 financial…
#Cash flow#insolvencies#Reserve Bank of Australia
Tim Cooper, President of R3, the UK’s insolvency and restructuring trade body, and a partner at Addleshaw Goddard LLP, says:…
#insolvency#interest rate#R3