News

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.

The International Factoring Association (IFA) admitted payment technology company AtoB to the IFA’s Preferred Ally Membership Program.

BlackRock is nearing a deal to acquire HPS Investment Partners in a transaction valued at over $12 billion. The deal, expected to be announced this week, would bolster BlackRock’s standing in the $1.6 trillion private credit market, according to Market...

According to Bloomberg, the U.S. arm of Stoli Group filed bankruptcy. Citing court papers filed with Stoli Group’s bankruptcy petition, Bloomberg reported that Stoli Group is “experiencing financial difficulties” and is building a plan with creditors to restructure its finances.

Lilium Group sold Xcel Bulk Logistics (XBL) to the Kenan Advantage Group, a bulk logistics company in North America. Amerisource provided both debt and equity to support the growth of XBL.

EverBank, a national specialty bank serving clients across the United States, opened its Roseville financial center designed to provide consumer and commercial banking solutions to a growing base of clients in the Greater Sacramento area.

BondBloxx, a fixed income ETF provider, will launch on Tuesday, Dec. 3, 2024, designed to offer investors direct exposure to private credit. The BondBloxx Private Credit CLO ETF is designed to provide direct exposure to private credit middle market companies.

A national manufacturer partnered with Republic Business Credit (RBC) to secure a $4 million recourse factoring facility. RBC partnered with an independent private equity sponsor to complete the corporate divestiture of one orphan division.