Category: Bankruptcy Updates

Sunlight Financial Emerges from Restructuring Process

Sunlight Financial, a point-of-sale finance company, completed its restructuring process and emerged from Chapter 11 bankruptcy. In addition, Sunlight Financial’s acquisition by a consortium of investors and its secured lender, Cross River Bank, is also now complete.

Strategic Materials Files Chapter 11, Secures $23MM in DIP Financing

North American glass recycling company Strategic Materials filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also secured new money commitments of $23 million for a debtor-in-possession financing facility.