Alvarez & Marsal is serving as restructuring advisor to Libbey, which filed voluntary petitions under Chapter 11 of the Bankruptcy Code. In addition Libbey’s existing lenders agreed to provide up to $160 million in DIP financing.
Bain Capital Specialty Finance priced an offering of $115 million aggregate principal amount of 8.5% senior unsecured notes due 2023. The company intends to use the net proceeds of this offering to repay debt under its secured credit facilities.
Heritage Financial, parent company of Heritage Bank, named Tony Chalfant to succeed Dave Spurling as chief credit officer of Heritage Bank effective July 1. Chalfant has held the title of senior vice president and deputy chief credit officer of Heritage Bank since July 2019.
Coty signed a definitive agreement with KKR as part of a transformation that will deleverage Coty’s balance sheet, streamline its operations and strengthen its leadership team. KKR is investing $1 billion directly into Coty through the issuance of convertible preferred shares.
CFG Merchant Solutions is building upon its partnership with Arena Investors, in conjunction with Ceteris Portfolio Services, an Arena servicing affiliate, in servicing and providing liquidity to Platinum Rapid Funding’s merchant portfolio.