Wells Fargo, Gordon Bros Finance Provide $30MM Post-Petition Financing for Brookstone

Specialty retailer Brookstone filed Chapter 11 and will be closing 101 mall stories. Wells Fargo has agreed to provide $30 million in post-petition financing to support the company during the sale.

SSG Advises Nighthawk Energy in Sale to Morse Energy

SSG Capital Advisors acted as the investment banker to Nighthawk Energy in the sale of substantially all of its assets to an affiliate of Morse Energy Capital Partners.

PNC to Provide $98MM DIP to Heritage Home Group

Heritage Home Group, a furniture group created following the 2013 bankruptcies of iconic brands Thomasville, Broyhill and Lane, has filed Chapter 11 and has already found buyers for its assets. PNC Bank has agreed to provide $98 million DIP financing.

JPMorgan Chase Agents $45MM DIP Financing for NORDAM

The NORDAM Group and its domestic subsidiaries filed a voluntary petition for protection under Chapter 11. JPMorgan Chase will provide DIP financing to support the restructuring.

Toys ‘R’ Us Settles with Lenders

The Wall Street Journal reported that bankrupt retailer Toys “R” Us has reached a settlement with a group of lenders that will protect the company from future litigation.

TriplePoint Capital Provides $5.5MM DIP for Tintri

A year after launching its IPO, Tintri filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. The company will continue to operate its businesses as a debtor-in-possession under the jurisdiction of the bankruptcy court.

June Commercial Chapter 11 Filings Decrease 49% Y/Y

The American Bankruptcy Institute reported a total of 306 commercial Chapter 11 bankruptcies for the month of June 2018, a 49% decrease from the 601 commercial Chapter 11 filings in June 2017.

JPMorgan Agents $1.2B Prepetition Facility for Harvey Gulf

In the wake of Harvey Gulf’s Chapter 11 filing, JPMorgan Chase acted as administrative agent on a $1.2 billion prepetition secured credit facility to support Harvey’s restructuring plan.

Authentic Brands Buys Nine West Assets at Auction for $340MM

The Wall Street Journal reported Authentic Brands Group won a bidding war with shoe retailer DSW for the intellectual property of Nine West, offering up a bid of $340 million.

Beal Bank to Provide $20MM DIP Financing to NMG

New MACH Gen (NMG) and certain of its subsidiaries entered into a restructuring support agreement with its first lien lender and its equity owner.