Aesculap Provides DIP Financing for Dextera Surgical

Dextera Surgical, a company developing and commercializing the MicroCutter 5/80 Stapler, filed for voluntary Chapter 11 bankruptcy protection. Stalkling horse bidder Aesculap agreed to provide DIP financing.

BofA Agents $35MM ABL DIP for Charming Charlie

Houston-based retailer Charming Charlie filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The company entered into a restructuring support agreement with a majority of its term loan lenders and equity sponsors.

November Commercial Chapter 11 Filings Up 12% Over 2016

The American Bankruptcy Institute reported commercial Chapter 11 filings increased 12% in November 2017 over November of last year, according to data provided by Epiq Systems.

Summit Resources Provides $475K DIP for Protea Biosciences

Protea Biosciences Group filed Chapter 11 with the U.S. Bankruptcy Court of West Virginia. Summit Resources has agreed to provide $475,000 debtor in possession financing.

Hankey Capital Provides $100MM DIP for Woodbridge Group

The Woodbridge Group of Companies filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. Woodbridge will continue to operate through the Chapter 11 proceedings. Hankey Capital has agreed to provide up to $100 million in DIP financing.

Court Approves Avaya Restructuring Plan

The U.S. Bankruptcy Court for the Southern District of New York has confirmed Avaya’s second amended Chapter 11 plan of reorganization. As a result, Avaya expects to emerge from its restructuring process before the end of this year.

SSG Advises Peekay Boutiques in Sale of Assets

SSG Capital Advisors acted as investment banker to Peekay Boutiques, in the sale of substantially all of its assets to an affiliate of Peekay’s senior secured Term A lenders.

BofA Agents $85MM DIP for Real Industry

Real Industry initiated restructuring efforts by filing a petition for voluntary Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware along with Real Alloy Holding and its U.S. subsidiaries.

DNB Agents $125MM Facilities to Support GulfMark Restructuring

GulfMark Offshore completed its financial restructuring plan and emerged from bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. DNB Capital served as administrative agent for a $25 million revolver and a $100 million term loan to support the restructuring.

HPS Provides $65MM Revolver to Support Wentworth Restructuring

J.G. Wentworth reached an agreement with its lenders, led by Jefferies, to support its prepackaged restructuring plan. HPS Investment Partners provided a $65 million revolver to cover the company’s restructuring expenses.