News

Due to the most recent snow storm, the Philadelphia Credit & Restructuring Summit scheduled for Thursday, March 22, 2018 has been rescheduled for Tuesday, June 26, 2018.

Wells Fargo acted as administrative agent and senior secured lender on a revolving credit facility for The Walking Company. The facility is part of debtor-in-possession financing for the shoe company and its various affiliates.

Lendr closed a $25 million senior credit facility. MidCap Financial Trust served as the administrative agent on the transaction.

According to Variety, The Weinstein Company filed for bankruptcy on Monday. Union Bank will provide $25 million in DIP financing for the company.

The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets.

Hyster-Yale Group amended its $200 million original principal amount term loan. Bank of America acted as administrative agent on the transaction.

Jack in the Box amended its existing senior credit facility arranged by Wells Fargo Securities. Concurrently, Jack in the Box completed the sale of Qdoba to Apollo Global Management in a $305 million cash deal.

Capital One Financial Sponsors Group led a $190 million senior secured credit facility to support the recapitalization of Situs Holdings by Stone Point Capital.

Stradley Ronon hired David W. Grim and Sara P. Crovitz as partners in its Washington, D.C. office.

Christine M. Dimitriou joined business advisory and advocacy law firm McDonald Hopkins as an associate in its Miami office.