Journal Register Receives Clearance for Sale Process
The U.S. Bankruptcy Court for the Southern District of New York approved the bid procedures, sale process and timeline for Journal Register Company’s auction.
The U.S. Bankruptcy Court for the Southern District of New York approved the bid procedures, sale process and timeline for Journal Register Company’s auction.
Phillips Edison-ARC Shopping Center REIT entered into a revolving credit facility with KeyBank for up to $250 million of availability. It will be used to finance the acquisition of shopping centers throughout the U.S.
Blackstone/GSO Strategic Credit Fund announced the closing of its $425 million credit facility with the Bank of Nova Scotia
Armtec Infrastructure’s operating subsidiary, Armtec Holdings, has completed a refinancing of its senior secured loan facility. The new arrangement comprises a $60 million revolving asset-based loan with CIBC and a $110 million term loan with Brookfield Capital Partners Fund III.
Alvarez & Marsal has appointed Gabrielle Reijnen as a managing director within its corporate restructuring team for the Benelux in Amsterdam. Prior to joining A&M, Reijnen was head of Corporate Coverage and a member of the management team with RBS.
Waud Capital Partners announced that its portfolio company, ProNerve, has acquired PhysIOM Group, a provider of intraoperative neuromonitoring services in the western and southeastern United States.
Treasury Secretary Geithner said in a letter to senior lawmakers that the Treasury would shortly begin to undertake “extraordinary measures” authorized by law to postpone the date the U.S. would otherwise default on its legal obligations.
MISCOR Group entered into a new credit facility with PNC Bank, replacing its secured credit agreement with Wells Fargo Bank. The new facility includes a revolving line of credit and term loan.
Harris Williams advised Garretson Resolution Group in its recapitalization by Harvest Partners and Garretson management. Harris Williams served as the exclusive financial advisor.
Matrix Capital advised Getty Realty during the repositioning of its portfolio of properties previously leased to Getty Petroleum Marketing.