Author: Phil Neuffer

Chapter 11 Debtors with Confirmed Plans Now Eligible for PPP Loans

Thanks to new guidance from the Small Business Administration, some Chapter 11 debtors may be able to obtain Paycheck Protection Program funding after being locked out for the majority of the program’s run. However, there is a catch. To qualify, debtors must have a confirmed plan and get applications in before May 31.

BMO Transitions Gibson Energy’s Credit Facility to Diversity- and ESG-Linked Loan

BMO Financial Group amended an existing credit facility for Gibson Energy that introduces a margin adjustment incentive mechanism tied to Gibson’s commitment to reduce carbon emissions and increase the representation of women as well as racial and ethnic minority representation in its workforce and on its board.

Accel-KKR, Centre Lane and Wells Fargo Supply $67MM in Financing to Salary.com

Accel-KKR Credit Partners, Centre Lane Partners and Wells Fargo Capital Finance led a $67 million financing round for Salary.com, a compensation solutions provider. Prior investors H.I.G. Capital and Salary.com’s management also participated.