News

Alvarez & Marsal appointed Debra Richman a managing director in the firm’s New York-based Healthcare Industry Group.

Lindblad Expeditions refinanced its existing senior secured term loan and revolving credit facility. JPMorgan Chase Bank, Credit Suisse and Citibank acted as joint book-runners, joint lead arrangers and syndication agents for the transaction.

Platinum Equity submitted a binding offer to acquire LifeScan from Johnson & Johnson in a transaction valued at approximately $2.1 billion. LifeScan manufactures blood glucose monitoring products with 2017 net revenue of approximately $1.5 billion.

Sadis & Goldberg represented Old Hill Partners in connection with the close of a senior secured term loan, secured by future legal fee receivables and recoverable expenses.

Antares Capital served as administrative agent and sole lead arranger on a $73.5 million senior secured credit facility to support the recapitalization and growth initiatives of TurbineAero by The Gores Group.

Pacific Mercantile Bank’s Asset-Based Lending Group extended an $11 million credit facility to NEXT Trucking to support the company’s continued growth.

New York commercial-based law firm Hahn & Hessen promoted Stephen J. Grable to partner in its commercial litigation group and vice-chair of the firm's Fiduciary Litigation Practice Group.

MidCap Financial provided a $30 million senior debt facility to HTG Molecular Diagnostics, a provider of instruments, reagents and services for molecular profiling applications.

Southeastern Grocers filed a pre-packaged restructuring plan as it begins Chapter 11 proceedings. SunTrust Bank is serving as agent for a $600 million ABL exit facility. Deutsche Bank is lead arranger for the exit term loan.

Fitch Ratings announced it would have a negative view of BDCs that intend to increase their leverage following the passage of the new U.S. $1.3 billion spending bill.