News

Regional supermarket Tops Markets filed for reorganization under Chapter 11. It received a commitment for $140 million in DIP financing from Bank of America to support the restructuring process.

James Snyder joined Sidley Austin as a partner in its Chicago-based Global Finance practice.

Reuters reported that rapid growth in the $400 billion fund financing market could pose a systemic risk to the banking sector as alternative investors borrow to boost returns.

Kraton contracted with JPMorgan, Deutsche Bank and Credit Suisse as joint lead arrangers to amend its existing senior secured facility.

Thirty-year industry vet Marty Gates joined Vorys, Sater, Seymour and Pease as a partner in the firm’s Cleveland office.

Middle-market lending firm Capital Southwest agented a $14.5 million investment in Apollo MedFlight, a provider of air medical transportation services.

Cooper Tire & Rubber amended its revolving credit facility with JPMorgan as administrative agent and its A&R receivables agreement with PNC as agent.

Hilco Valuation Services appointed Tom Boniface vice president of business development for the Midwest region, supporting the valuation, monetization and advisory platforms._x000D_ _x000D_

Avis Budget Group extended the term of its $1.8 billion senior revolving credit facility for an additional two years to 2023. The company also extended the maturity of its $1.1 billion term loan for an additional three years to 2025,...

Sleep Number closed an amended credit and security agreement, with U.S. Bank serving as administrative agent, swing line lender and issuing lender._x000D_ _x000D_ _x000D_