Raven Capital Provides $5MM DIP to Macaroni Grill

The Wall Street Journal reported that Italian dining chain Macaroni’s Grill is exploring a sale following a Chapter 11 filing.

Kologik Provides $300K DIP for COPSync

COPSync’s sale of assets were approved by the U.S. Bankruptcy Court. Kopogik Capital purchased the company through a stalking horse bid and is providing $300,000 in DIP financing.

Wells Fargo Provides Exit Financing to Support Perfumania Plan

Perfumania exited Chapter 11 bankrutpcy after a plan to pay off many of its lenders with cash and release stockholders for $2 a share was approved by the court. Prepetition lender Wells Fargo provided $100 million of exit financing.

DNB Markets Arranges $125MM Gulfmark Exit Financing

Gulfmark Offshore filed with the U.S. Bankruptcy Court an exit financing commitment letter under which DNB Markets will serve as sole lead arranger on a credit facility encompassing a $25 million revolver and a $100 million term loan.

September Commercial Chapter 11 Filings Up 16% over Last Year

The American Bankruptcy Institute said commercial Chapter 11 filings totaled 425 in September, a 16% increase over September 2016’s total of 365 filings.

Siena Closes $5MM DIP Facility for Not-For-Profit Organization

Siena Lending completed a $5 million debtor-in-position financing for a not-for-profit organization. Getzler Henrich acted as the exclusive financial advisor to the organization.

Goldman Sachs, BofA Support Gymboree Emergence from Chapter 11

Gymboree emerged from Chapter 11 as a new corporation under the name Gymboree Group. Goldman Sachs provided an $85 million term loan, and Bank of America Merrill Lynch and Citizens provided a $200 million revolver to support the restructuring.

Wilmington Trust Agents $85MM DIP for Appvion

Appvion filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Court for the District of Delaware to facilitate a balance sheet restructuring and better position the business for long-term growth and success.

Aerosoles Files Chapter 11, Hilco Managing Closure of 74 Stores

Aerosoles and certain of its subsidiaries have voluntarily filed petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The company will close 74 stores as part of its restructuring.

ING, Danske, Others Agree to Seadrill Restructuring Plan

Offshore oil rig driller Seadrill entered into a restructuring agreement with more than 97% of its secured bank lenders, approximately 40% of its bondholders and a consortium of investors led by its largest shareholder, Hemen Holding.