J.C. Penney Gets Lenders OK to Raise Billions
Bloomberg is reporting that J.C. Penney received clearance from its lenders to sell billions of dollars in stock and debt if needed as it struggles to complete a turnaround.
Bloomberg is reporting that J.C. Penney received clearance from its lenders to sell billions of dollars in stock and debt if needed as it struggles to complete a turnaround.
Rite Aid said it completed its debt refinancing transactions. Citigroup is acting as dealer manager and solicitation agent for each tender offer and consent solicitation.
Gavin/Solmonese said managing director, Boris J. Steffen, was named as one of two co-chairs of the appraisal & valuation subcommittee of the American Bar Association Litigation Expert Witnesses Committee.
Revlon successfully completed an amendment to its third amended and restated term loan agreement, reducing the facility from $788 million to $675 million. Citicorp led a syndicate of lenders as administrative agent and collateral agent.
Senior middle-market dealmakers and their advisors in the New York City area hold mixed views about America’s economic performance this year, according to survey results issued by ACG New York.
Sanchez Energy said it received commitments from its lending group to increase its available borrowing base under its first lien revolver from $27.5 million to $95 million.
A new study shows that contrary to claims by the banking industry, the fair value approach to valuing financial instruments is a far more accurate indicator of a bank’s risk of failure.
According to a recent PwC U.S. study, U.S. private companies are embracing innovation to help them fulfill their growth agendas.
Gibraltar Business Capital said it recently closed three transactions encompassing two ABLs of $2.5 million and $1 million, respectively and a $500M factoring line of credit.
PE-Nexus announced that its intelligent deal network facilitated $4.5 million in series A funding for media software company Levels Beyond by TVC Capital.