Great Rock Capital closed a $28.8 million senior secured term loan facility for PTC Alliance, a global manufacturer and marketer of drawn over mandrel and electrical resistance welded steel tubing and precision components.
PTC Group Holdings finalized an agreement with JPMorgan Chase under which the lender will provide a $65 million secured loan facility.
SSG Capital announced it acted as the investment banker to Color Star Growers in the sale of substantially all of its assets to Altman Plants, Raindrop Partners and Black Diamond Capital.
Reuters reported that a New York state appeals court ruled that Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit.
Vacuum cleaner manufacturer Oreck has filed for bankruptcy and is seeking court approval for DIP financing to support a potential sale. A portion of the DIP will be used to purchase pre-petition first lien lender debt held by a group led by Wells Fargo.