News

Obra Capital closed its inaugural collateralized loan obligation offering (CLO), Obra CLO 1, at over $400 million in size. It will be managed within Obra’s leveraged finance platform led by Scott Macklin, head of U.S. leveraged finance and Peter Polanskyj,...

Deal-making and financing globally are set for recovery in the year ahead after a tough past 12 months as interest rates ease worldwide, new global research from Ocorian shows.

The TCW Group closed its third CLO issuance of 2024, securing $400 million for TCW CLO 2024-3, backed by first-lien loans.

The Fall 2024 Haynes Boone borrowing base and price deck surveys reveal a steady borrowing base outlook despite geopolitical turbulence and evolving energy policies, with a divide in the expectations for oil and natural gas prices.

Grant Thornton’s U.S.-based licensed, certified public accounting firm has been named the 2024 “U.S. Audit Firm of the Year” by Private Equity Wire.

Pinnacle U.S. completed its acquisition of Blink Fitness’ corporate operations and a significant number of locations in New York and New Jersey for $121 million in cash plus assumption of certain liabilities. Latham & Watkins represented PureGym in the transaction.

Pemberton Asset Management and Santander Corporate & Investment Banking formed a strategic partnership to launch Invensa, a new company focused on providing large and mid-sized corporates with supply chain inventory solutions.

Independence Contract Drilling (ICD) entered into a plan of reorganization. On Dec. 2, 2024, ICD commenced a prepackaged Chapter 11 process to implement the plan in the United States Bankruptcy Court for the Southern District of Texas, Houston division.

Tiger Group and Liquidity Services are offering El Dorado Gas & Oil’s frac and drilling fleet in a bankruptcy court-sanctioned liquidation. The two-day online auction features a wide range of industrial and oilfield equipment assets.

A New York-based apparel company partnered with Republic Business Credit to secure a non-recourse factoring solution, designed to allow the company to extend payment terms to its customers without assuming additional financial risk.