News

The U.S. Bankruptcy Court granted, on an interim basis, Gibson Brand’s first-day motions, including an authorization for $135 million of debtor-in-possession financing. Cortland Capital Markets will be administrative agent for the financing.

i2B Capital increased CFG Merchant Solutions' asset-based revolving line of credit from $8 million to $15 million, with an additional automatic increase to $20 million.

Alvarez & Marsal Taxand appointed Jay Helverson and Rick Gardner managing directors and Gerry Beach, Dylan Jeannotte and Lee Zimet senior directors. All five will work in the Northeast region.

Republic Business Credit completed a $5 million facility – with an accordion of up to $7.5 million – for a Louisiana-based energy workforce services provider.

WidePoint modified its agreement with Access National Bank to extend its revolving commercial note, dated June 15, 2017, in the original principal amount of $5 million.

TAB Bank provided a $2 million revolving credit facility to a California-based manufacturing company.

The U.S. Bankruptcy Court approved Remington Outdoor's restructuring plan, with the company anticipating an emergence from Chapter 11 by the end of May with a new $193 million ABL facility.

DS-Concept changed its name to Tradewind and expanded its services, offering inventory, ABL and structured trade facilities in addition to non-recourse export factoring. _x000D_ _x000D_

Monroe Capital acted as sole lead arranger and administrative agent on a senior credit facility to support RFE Investment Partners’ recapitalization of Hastings Manufacturing._x000D_ _x000D_ _x000D_

Ken Bloore joined Gordon Brothers as managing director and head of Operations within the firm’s valuations practice. _x000D_ _x000D_