Deerfield Agents $15MM DIP for Aralez Pharmaceuticals

Aralex Pharmaceuticals’ U.S. and Ireland-based subsidiaries, as well as the company’s Canadian debtors, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.

SSG Advises A’GACI on Chapter 11 Reorganization

SSG Capital Advisors acted as the investment banker to A’GACI in the placement of exit financing and restructuring pursuant to a Chapter 11 plan of reorganization.

Hilco Merchant Resources to Manage National Stores Liquidation

Hilco Merchant Resources will manage the store closing process and run retail sales at 74 of 344 National Stores. The specific stores that will close currently operate under the brand name Fallas.

Wells Fargo, GBFC Agent DIP for Samuels Jewelers

Samuels Jewelers filed for Chapter 11 protection for the fourth time. The Austin, TX-based retailer was controlled by Mehul Chinubhai Choksi, the uncle of fugitive jewelry designer Nirav Modi, both of whom are wanted by Indian authorities in connection to an alleged multibillion-dollar bank fraud.

Sterling Provides $737K DIP to Gump’s

Sterling Business Finance agreed to provide $737,000 in DIP financing to Gump’s, according to motions filed in the U.S. Bankruptcy Court for the District of Nevada.

Gump’s Files Chapter 11; Hilco, Gordon Bros to Liquidate

Gump’s, the San Francisco-based, 157-year-old department store and retailer, filed voluntary petitions for relief under Chapter 11 in the U.S. Bankruptcy Court for the District of Nevada.

Encina Provides Up to $108MM DIP for National Stores

National Stores initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. As part of the restructuring, the company will be closing 74 of its 344 stores.

July Commercial Chapter 11 Filings Up 23% From Last Year

U.S. bankruptcy filings increased 1% in July 2018 from July 2017, according to data provided by Epiq Systems. Commercial Chapter 11 filings were up 23% over last year.

Tennenbaum, Z Capital Provide $5.5MM DIP to Real Mex

Real Mex, the operator of Chevys Fresh Mex, El Torito and other full-service Mexican restaurant brands, executed an asset purchase agreement with an affiliate of Z Capital Group as part of a voluntary Chapter 11 filing.

Charlesbank Acquires Shoemaker Rockport

Charlesbank Capital Partners acquired the assets of The Rockport Group in a 363 asset sale. The Newtown, MA-based shoemaker filed Chapter 11 in July with $60 million DIP financing agented by Citizens Bank.