News

Children’s specialty retailer Gymboree filed for Chapter 11 and entered an asset purchase agreement with Special Situations Investing Group. Goldman Sachs Specialty Lending and SSIG agreed to provide $30 million in DIP financing to support proceedings.

Regional general merchandise retailer Shopko filed voluntary petitions for a court-supervised financial restructuring under Chapter 11. Wells Fargo acted as administrative agent on $80 million in DIP funding to support the process.

White Oak Global Advisors funded over $2.5 billion in loans in 2018, while its affiliate, White Oak Healthcare Finance, closed on $1.4 billion in loans with more than 19 clients over the same time period.

MB Financial provided a senior credit facility and Avante Mezzanine Partners provided mezzanine debt to support Quest Products’ merger with OraHealth.

Tax and advisory firm Grant Thornton named Kim O’Connor its office managing partner in Boston.

Amerisource Business Capital closed and funded a $3.5 million credit facility for a wholesale fuel distribution company based in Texas.

The U.S. Bankruptcy Court approved Aegean Marine Petroleum’s restructuring support agreement and $535 million in DIP financing provided by two Mercuria Energy subsidiaries and agented by ABN AMRO.

Professional services firm Alvarez & Marsal promoted 43 staff members to the position of managing director. The new directors come from across the globe, including New York, London, Athens, Mumbai and Hong Kong, among other cities.

Chris Molen and Chad Werner joined McGuireWoods as partners in the Atlanta office, bringing experience in the leveraged finance and asset-based lending markets to the firm's Debt Finance Department.

Crestmark’s Joint Ventures division and the Government Guaranteed Lending division secured a combined total of $73.28 million in financial solutions for six solar energy clients in the second half of December.