Bon-Ton Amends BofA-Led ABL Credit Facility

The Bon-Ton Stores amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the company with immediate flexibility and substantial additional liquidity under its current credit facility.

Bon-Ton Hires AlixPartners to Oversee Turnaround

Reuters reported that U.S. department store chain Bon-Ton Stores hired advisory firm AlixPartners to help turn around its business and slash its debt load.

Separating Good Business from Bad Business: Managing Your Exposure to Money Laundering

Money laundering is the process of making illegally obtained money appear legal. These funds may be used by drug cartels or to fund terrorist activity. The U.S. has instituted strict regulations against money laundering and billions of dollars in fines have been levied against financial institutions that have failed to comply. Sven Stumbauer offers guidelines to help companies abide by the regulations and be more aware of the potential for illegal activity.

Study: Offshore Supply Vessel Companies Running Out of Options

According to a study conducted by AlixPartners, 2017 could be one of the toughest years in decades for offshore supply vessel companies as lower demand, shorter charter contracts and reduced rates impact the players.

Credit Suisse, BofA Agent DIP for Gymboree Restructuring

Gymboree secured commitments for $35 million in new-money debtor-in-possession financing from a majority of its existing term loan lenders and up to $273.5 million in additional DIP financing from the existing lenders under Gymboree’s asset-backed loan credit facilities.

AlixPartners: Restaurant Industry Faces a Defining Moment

From the challenges of technology, delivery and labor costs, to sparse growth possibilities, the restaurant industry faces a defining moment, according to a recent AlixPartners study.

M&A Advisor to Honor AlixPartners With Six Awards

AlixPartners will be honored with six awards at the 11th Annual M&A Advisor Turnaround Awards ceremony on March 23 in Palm Beach, FL.

AlixPartners Promotes 24 Directors to Managing Director

Global business advisory firm AlixPartners promoted 24 directors to managing director.

AlixPartners Names Britten MD of London Financial Advisory Services Team

AlixPartners added Kathryn Britten as a managing director of its UK Financial Advisory Services practice based in the London office.

AlixPartners Expands Turnaround Services to Caribbean

AlixPartners expanded its Turnaround & Restructuring Services practice via an affiliation with a Caribbean practice.