Category: Bankruptcy Updates

Obra Capital Provides DIP Financing to GWG Holdings

Obra Capital, a portfolio company of RedBird Capital Partners and Reverence Capital Partners, completed a super priority secured debtor-in-possession credit and security agreement for GWG Holdings, a financial services firm based in Dallas.

Quanergy to Facilitate Sale of Business Through Voluntary Chapter 11 Process

Quanergy Systems initiated an orderly sale process for its business. To facilitate the sale and maximize value, the company filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.