News

Monroe Capital acted as sole lead arranger and administrative agent on a $45 million senior credit facility for a technology maintenance company.

TradeCap Partners provided a $350,000 bridge finance facility to a Texas-based recreational sports complex to support interim working capital needs as it expands its footprint.

Archer & Greiner added the boutique law firm of DiConza Traurig Kadish to its bench, enhancing its Bankruptcy, Restructuring and Insolvency Litigation Group.

Behalf, a provider of working capital solutions for small and medium-sized businesses, secured $150 million in debt financing led by a private investment fund managed by Soros Fund Management and Viola Credit.

ICBA commended the Federal Reserve for "equitable treatment of Wells Fargo following the megabank’s repeated consumer abuses.”

Abraxas Group founding partner David Johnson served as financial advisor in the successful out of court restructuring of a private equity backed industrial company.

The Bon-Ton Stores filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Responding to widespread consumer abuses and compliance breakdowns by Wells Fargo, the Federal Reserve said it would restrict the bank’s growth until it sufficiently improves its governance and controls.

As part of a Chapter 11 filing, Ceneveo completed DIP financing with Bank of America as administrative agent and collateral agent for a $190 million ABL faciity and $100 in term loan facility agented by the Wilmington Savings Fund Society.

Hovnanian Enterprises closed its previously announced financing transactions with GSO Capital Partners, Blackstone’s credit platform. The financing included a revolving credit facility of up to $125 million and a $132.5 million term loan.