Lighthouse Financial completed a $5 million credit facility for a North Carolina-based distributor of plumbing and HVAC products.
Ascena Retail Group entered into a restructuring support agreement with more than 68% of its secured term lenders and received commitments for $150 million in a new money term loan from its existing lenders.
Stenn concluded a seven-figure trade receivables finance program for a U.S. importer of hands-free hand sanitizing stations from a manufacturer based in Europe.
According to an 8K filed with the SEC, CIT Finance and Jefferies Finance approved an extension to the existing forbearance agreements on J.Jill’s ABL and term loan credit facilities. The forbearance period was extended from July 23 to July 30.
Banner Corporation, the parent company of Banner Bank and Islanders Bank, intends to merge Islanders Bank with and into Banner Bank, subject to regulatory approval. The integration is expected to be complete in Q1/21.
Stifel Financial made five senior hires within its European fixed income division. The team was brought on to strengthen Stifel’s global presence and further augment the company’s leveraged loans and GBP franchises.
Global Eagle Entertainment agreed to a definitive stalking horse asset purchase agreement for total consideration of $675 million with an entity led by lenders including Apollo Global Management and certain funds and accounts under management by BlackRock.
CVC Credit Partners closed Apidos XXXIII, a collateralized loan obligation fund totalling $400 million.
According to an article in the ABI Journal, the COVID-19 pandemic is forcing common law jurisdictions and civil law jurisdictions to accelerate the move toward electronic signatures, electronic filings and remote notarizations.
Entrepreneur Growth Capital provided $6.8 million in funding to a New York-based hospitality company, allowing it to emerge from bankruptcy and access the Paycheck Protection Program.