• Philadelphia Credit & Restructuring Summit

Today’s News

    ESL Winning Bidder in Sears Bankruptcy Auction

    ESL Investments was selected as the winning bidder in the court-supervised bankruptcy auction of Sears Holdings. ESL will acquire substantially all of the company’s assets for approximately $5.2 billion.

    Kirshenbaum Joins Franklin Capital as SVP of Sales

    Franklin Capital hired Jill Kirshenbaum as senior vice president of Sales. Kirshenbaum will be responsible for both managing Franklin’s sales team and promoting sale growth.

    Golub $71.2MM Debt Facility Supports PNC Rivearch Recap of Pirtek

    Golub Capital acted as administrative agent, sole lead arranger and sole bookrunner on a £55 million ($71.2 million) GOLD facility to support PNC Riverarch Capital’s recapitalization of Pirtek Europe.

    Consigliere Named BBVA Compass Miami Market CEO

    BBVA Compass named Giampaolo Consigliere its Miami Market CEO. Consigliere will be responsible for Miami operations and multiple units within it, including Commercial Banking, Global Wealth and Treasury Management.

    White Oak Agents Facility to Support GMF/Meridian Acquisitions

    White Oak Healthcare Finance acted as sole lender and administrative agent on a senior credit facility to support the acquisition of assisted living/skilled nursing facilities by GMF Capital and Meridian Senior Living.

    Survey: Small Businesses Look Forward to 2019 with Optimism

    Eighty-three percent of business owners expect their business sales to increase over the next year, according to a new Q4 survey from financial services firm Quickbridge Funding.

    King Trade Provides Financing Solutions to New Telecoms Client

    King Trade Capital added a new client to its growing business portfolio: a 26-year-old, Florida-based telecommunication supplier run by a seasoned team from the telecom service and distribution business.

    Twin Brook Supports Blue Point W.A. Kendall Recap

    Twin Brook provided financing to support Blue Point Capital Partners’ leveraged buyout and recapitalization of W.A. Kendall and Co.

    Continental Funds $3MM ABL Facility for Supplement Manufacturer

    Continental Business Credit funded a $3 million asset based lending facility for a fast-growing manufacturer and distributor of premium sports nutrition supplements.

    Amerisource Completes $1MM Facility for Textile Processors

    Amerisource Business Capital funded of a $1 million credit facility to finance the acquisition of a textile processing company based in North Carolina.