News

JPP acted as both administrative and collateral agent on an amendment to Sears Holdings’ second lien credit agreement.

Abacus Finance and Lineage Capital provided equity and debt financing to Diamond Mowers. The new capital will allow Diamond to accelerate new product development, fund strategic acquisitions and accelerate the expansion of its manufacturing capacity.

NeoGenomics Laboratories and certain of its subsidiaries, as guarantors, amended its $150 million credit agreement, consisting of a revolver and a term loan. Regions Bank served as both administrative and collateral agent on the transaction.

Crystal Financial closed a senior credit facility for Standard Diversified Opportunities and four of its subsidiaries.

Styles for Less retained Hilco Streambank to market and sell its intellectual property. The sale comes as a result of the company’s Chapter 11 bankruptcy.

Golub Capital acted as administrative agent on a GOLD facility to support GI Partners' acquisition of Togetherwork.

Corporate bankruptcy lawyer Michael Delaney joined Robins Kaplan's Restructuring and Business Bankruptcy Group in its Los Angeles office.

Bengal Energy amended its secured credit facility with the Australia-based Westpac Institutional Bank.

According to a Fitch Ratings report, small to mid-size banks should not experience any ratings issues in the short term following the passage of legislation lessening the burden of financial regulations.

Christopher G. Hawley joined business advisory and advocacy law firm McDonald Hopkins as an associate in the firm’s Cleveland-based Business Department.