News

Reuters reported that Comcast is preparing a $60 million all-cash bid to usurp Disney’s $52 billion offer for 21st Century Fox’s media assets.

Bank of America led an amendment on the credit facility of Integra LifeSciences, a global medical technology company.

Restaurant franchisor FAT Brands closed a $5 million credit facility with TCA Global Credit.

Bloomberg reported that LIBOR is attempting to fend off a challenge to its throne as the global benchmark for dollar-based assets from suddenly scrutinized SOFR.

The Ares Management Credit Group closed 49 transactions during Q1/18 closed which totaled approximately $3.0 billion in commitments.

Reuters reported a late summer closing date for Blackstone Group’s $20 billion acquisition of a majority stake in Thomson Reuters’ Financial and Risk unit. Bank of America Merrill Lynch, J.P. Morgan and Citigroup are leading the debt financing.

According to the American Bankruptcy Institute, total commercial filings dropped 32% to 391 in April from the April 2017 total of 575.

Orrin Harrison III joined Foley Gardere as counsel in the firm’s Business Litigation & Dispute Resolution practice in Dallas. Concurrently, Chelsea Hilliard joined Foley as an associate in the same practice. _x000D_ _x000D_

Utica Leaseco completed $1.1 million in funding on two transactions during the week of May 4, 2018.

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.