CFOs Express Greater Optimism About North American Economy in Q1/24
According to Deloitte’s quarterly CFO Signals survey, in North America, 59% of CFOs expressed optimism for the current economy in Q1/24, up from the 47% tracked in Q4/23.
According to Deloitte’s quarterly CFO Signals survey, in North America, 59% of CFOs expressed optimism for the current economy in Q1/24, up from the 47% tracked in Q4/23.
Wingspire Capital provided a $75 million revolving line of credit to Signature Brands, which used the senior secured credit facility to refinance an existing debt facility and to provide enhanced liquidity, as the facility was structured to account for the seasonality of the business.
Comerica Bank named Tim Maiden senior vice president and group manager for its southern Dallas business banking team. Previously, Maiden was a senior vice president and director of market development for Simmons Bank.
Mark Indelicato, partner at Thompson Coburn, will return to lead the regular “Views from the Bench” panel in the third and final education session of the 15th Annual Philadelphia Credit & Restructuring Summit later this week.
Arts and crafts retailer JOANN entered into a transaction support agreement with a majority of its financial stakeholders and received commitments for $132 million in new financing as well as a six-month extension to its existing ABL and FILO credit facilities.
Hilco Streambank is seeking offers to acquire the brand assets of the Klaussner home furnishings brand. Indications of interest to acquire the assets are due by March 28. The sale is being conducted on behalf of a court-appointed receiver.
Investment bank Houlihan Lokey appointed Rafael Pereira a senior advisor to assist the firm with its expansion in Brazil. Pereira co-founded Open Co, a Brazilian consumer financing fintech and previously held positions at Enova, KPMG, BRQ Digital Solutions and IBM.
The U.S. Bankruptcy Court for the Eastern District of Virginia approved wood-based biomass producer Enviva’s previously announced $500 million debtor-in-possession financing.
Four Corners Property Trust, a real estate investment trust, utilized the accordion feature of its credit agreement to enter into a new $85 million term loan. Barclays Bank acted as syndication agent and joint lead arranger on the term loan, with JPMorgan Chase Bank remaining as administrative agent.
Neil Gupta of SSG Capital Advisors spoke with ABF Journal to preview a panel focused on the pros and cons of restructuring alternatives that will be part of the education sessions at the upcoming Philadelphia Credit & Restructuring Summit.