Phoenix Management Services has promoted Michael J. McCauley to senior managing director and shareholder. The company also promoted Mark Karbiner and Joseph Nappi to director from vice president and Patrick J. Hughes and Joe April to senior associate from associate.
The Wall Street Journal has reported that Hostess Brands is again preparing to file for Chapter 11 bankruptcy and it could be as soon as this week. The company is seeking about $75 million in DIP financing from Monarch Alternative Capital, Silver Point Capital and others.
Healthcare Finance Group (HFG) has underwritten a $4 million senior secured credit facility for Corinth Investor Holdings.
Morrison Cohen hired Bruce P. Levine as its newest lateral partner in the Corporate Department. Immediately prior to joining Morrison Cohen, Levine was a partner in the Corporate Department of Herrick, Feinstein.
Capital One Bank appointed Bruce Gibson as senior vice president of Capital One Leverage Finance. Gibson will facilitate the expansion of Capital One Leverage Finance
Presidential Financial announced that Elizabeth Orsinger has joined the business development team as vice president. Orsinger is located in northern Virginia and will represent Presidential’s commercial and healthcare financing products in the Mid-Atlantic region.
Oceaneering International has entered into a new credit agreement for a five-year $300 million revolving credit facility. The banks participating in the new credit agreement are Wells Fargo Bank, DNB Bank ASA, HSBC Bank USA, JPMorgan Chase Bank, Bank of America and Barclays Bank.
Cadwalader, Wickersham & Taft announced that long-time partner George Davis will join John Rapisardi and Deryck Palmer in leading the Financial Restructuring Group.
Pet Supplies Plus has completed the acquisition of its largest franchisee, consisting of 12 stores in Northeast Pennsylvania. Pet Supplies, a portfolio company of Irving Place Capital, is the third-largest pet specialty retailer in the United States.
According to AdMedia Partners’ results of its annual survey of executives at media and marketing services companies, respondents are generally optimistic about prospects for their industries and their own businesses in 2012.