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Ault Alliance, Inc. is announcing that it has successfully secured an additional US$8.8m in senior debt financing from a group of existing institutional lenders. The company previously borrowed US$18.9m from these lenders in November 2022, which together with the new finance, have an aggregate outstanding amount of US$24.3m.
21/07/2023
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US-based Fluent Finance has expanded its global reach by opening an office in Abu Dhabi. The aim is to provide trade finance and cross-border payments between Abu Dhabi lenders and global markets.
21/07/2023
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Yesterday, the Electronic Trade Documents Act 2023 received Royal assent, representing a big step in digitalisation of the trade documents and providing the legal framework for the use of electronic documents in the UK.
21/07/2023
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Global investment firm, Carlyle, announced it has closed a US$175m asset backed loan to New Regency, a leading independent, founder-owned global entertainment company that creates and distributes film, television and documentary content across all platforms. This loan is a refinancing and upsize of an existing Carlyle facility, demonstrating the firm’s confidence in New Regency’s ability to navigate the ever-evolving entertainment landscape. J.P.
20/07/2023
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Specialist asset-based lender Ultimate Finance provided funding of more than £1bn to UK SMEs in the first half of 2023, with new business volumes up 21 per cent on last year and 635 new facilities to help keep business moving.Portfolio highlights from H1 include:
20/07/2023
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The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) are joining forces with a €175m loan to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps across Bulgaria.
20/07/2023
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The Indian fintech platform, UpCap, has launched its first product, called ‘Trade and Supply Chain Invoice Discounting’.
20/07/2023
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Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, announced the completion of two recent asset based lending (ABL) facilities totalling US$15m.
19/07/2023
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Swiss invoice finance provider TP24 has secured a new $200m finance facility from Barclays to deploy in Australia. This represents the biggest part of the total facility amounting $585m. The rest of it will be split across UK and the Netherlands where the company is active.
19/07/2023
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The successive shocks linked to the Covid pandemic and the war in Ukraine have had a clear negative impact on African economies. They have revealed, materialised and even exacerbated major structural weaknesses. Over-indebtedness and food insecurity, with their economic, political and social ramifications, are the chief hallmarks.
19/07/2023
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Allianz Trade in Asia Pacific has announced an appointment of Chris Markesteijn as Regional Head of Surety and Guarantees with effect from 1 August 2023. Based in Singapore, Mr Markesteijn will report directly to Regional CEO of Allianz Trade in Asia Pacific Paul Flanagan and matrix report into Global Head of Surety Sean McGroarty.
18/07/2023
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Tradewind Finance has arranged a US $1.45 million export factoring facility for a printer in Hong Kong, a major global printing and publication center. The company sources products from mainland China and the trade facility will be used to support its exports to the UK.
18/07/2023
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Eezyimport, a leading global import management platform, has announced a partnership with Drip Capital, a global fintech company, to provide integrated, streamlined trade finance solutions for U.S. importers. This collaboration will enable small and medium-sized businesses (SMBs) to quickly access collateral-free trade financing online while simplifying import processes and reducing documentation.
18/07/2023
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MODIFI, the global cross-border business payments company, has secured a US $100 million debt facility with HSBC Innovation Banking UK to further growth.
18/07/2023
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Since last December a string of suppliers to the fashion industry have been hit by a reduction in credit insurance cover. This week another group of suppliers – to the online retailer Boohoo – have been told that their credit insurance is to be sharply reduced in September, only a few weeks away.
18/07/2023
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