News

Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes

Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes
Tiger Finance has closed on a $15.5 million in debtor-in-possession financing to facilitate the Chapter 11 restructuring of Pennsauken, N.J.-based Aluminum Shapes LLC, a fully integrated manufacturer and distributor of aluminum products serving multiple industries.

Aluminum Shapes LLC, which operates a 500,000-square-foot facility in Pennsauken, filed for Chapter 11 bankruptcy protection on August 15th in the U.S. Bankruptcy Court […]

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Does the Current ‘Logistics Nightmare’ Have a Surprising Upside?

Does the Current ‘Logistics Nightmare’ Have a Surprising Upside?
Could today’s global supply chain disruption contain some good news for asset-based lenders? That may seem like a counterintuitive question given that the current inventory crunch — supplies have dropped to levels not seen since just after the Great Recession — has led many borrowers to massively downsize their ABL lines. In addition, many of these companies […]

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Live Webcast Auction by Machinery Network Auctions and Tiger Group Offers Inventory from Automotive Supplier Toledo Molding & Die, Inc.

Live Webcast Auction by Machinery Network Auctions and Tiger Group Offers Inventory from Automotive Supplier Toledo Molding & Die, Inc.
Plant-closing sale on September 14 features 279 items–including accumulator-head blow molders, granulators, blenders, chillers, air compressors and more–from the global Tier 1/Tier 2 supplier of interior and air/fluid management systems

JEFFERSON, Ohio, Sept. 1, 2021 /PRNewswire/ — In a September 14 live webcast auction, Machinery Network Auctions, Inc. and Tiger Group are  offering machinery and equipment from the […]

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Proceeds Beat Expectations by 45 Percent in Well-Attended CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors

Proceeds Beat Expectations by 45 Percent in Well-Attended CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors
U.S. and international bidders acquire all available assets of a major CBD processor in Cadiz, Kentucky, along with its 86,500-square-foot plant and 14.5-acre site.

CADIZ, Ky., Aug. 19, 2021 /PRNewswire/ — Motivated bidders drove robust results in an online auction of foreclosed assets from a major CBD processor’s facility in Cadiz, […]

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Tiger Online Auction Offers Variety of Professional A/V Gear From Major Production Rental Company

Tiger Online Auction Offers Variety of Professional A/V Gear From Major Production Rental Company
Aug. 24th sale features over 200 lots of digital cameras, lenses, projectors, memory and other gear accessories from prominent North American rental house

LOS ANGELES (8/17/21)–In its latest sale for a prominent North American production rental company, Tiger Group will be staging a timed online auction on August 24 for over 200 lots […]

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