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...
Forward for Specialty Finance
PNC Closes $120MM ABL with Universal Stainless
Universal Stainless & Alloy Products completed a five-year $120 million asset-based lending credit agreement with PNC Bank.
Demand for Second Lien Loans Growing in U.S.
Reuters reported that U.S. investors are moving into the second lien loan market, which offers higher yields but greater risk.
WFCF Leads New $200MM ABL for Chico’s
Chico’s completed a $200 million asset-based lending facility led by Wells Fargo Capital Finance’s Retail Finance unit.
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...
BofA Agents $600MM Facility for Cantel Medical
Cantel Medical amended its $600 million credit agreement with Bank of America as administrative agent in conjunction with the company’s...
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...
Golub Sells Minority Stake to Dyal Capital
Golub Capital sold a passive, non-voting minority stake in its management companies to Dyal Capital Partners, a division of Neuberger...
Fed: Longer-Term Inflation Expectations Little Changed
The Federal Open Market Committee has decided to maintain current interest rates because key indicators of longer-term inflation are little...
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...
