News

Reuters reported that U.S. investors are moving into the second lien loan market, which offers higher yields but greater risk.

Chico’s completed a $200 million asset-based lending facility led by Wells Fargo Capital Finance’s Retail Finance unit.

Real Mex, the operator of Chevys Fresh Mex, El Torito and other full-service Mexican restaurant brands, executed an asset purchase agreement with an affiliate of Z Capital Group as part of a voluntary Chapter 11 filing.

Charlesbank Capital Partners acquired the assets of The Rockport Group in a 363 asset sale. The Newtown, MA-based shoemaker filed Chapter 11 in July with $60 million DIP financing agented by Citizens Bank.

Golub Capital sold a passive, non-voting minority stake in its management companies to Dyal Capital Partners, a division of Neuberger Berman._x000D_ _x000D_

The Federal Open Market Committee has decided to maintain current interest rates because key indicators of longer-term inflation are little changed since its June meeting. _x000D_ _x000D_

Scorpio Bulkers received a commitment from Nordea, New York branch, and Skandinaviska Enskilda Banken for a loan facility of up to $184 million.

Specialty retailer Brookstone filed Chapter 11 and will be closing 101 mall stories. Wells Fargo has agreed to provide $30 million in post-petition financing to support the company during the sale.

Private equity investment firm Brentwood Associates acquired MD Now Holdings from Brockway Moran & Partners. Golub Capital provided debt financing to support the acquisition._x000D_ _x000D_ _x000D_

Global investment company Temasek provided a $200 million loan to support Rent the Runway’s investment into its subscription fashion rental business.