News

Exactech entered into a comprehensive restructuring support agreement and asset purchase agreement with a group of its existing investors, pursuant to which the investor group will serve as the “stalking horse” bidder to acquire substantially all of the company’s assets.

A&G Real Estate Partners is now accepting bids on 255 Big Lots store leases nationwide as part of the company’s restructuring and sale process, including 51 new-to-market leases.

TAB Bank successfully closed $98.4 million in credit facilities across 385 deals Q3/24. The financing includes a diverse range of loans such as working capital, equipment, commercial real estate, small business lines of credit and accounts receivable funding across numerous...

Allied Credit Group, an automotive and equipment finance organization, will implement the Open Finance Platform by Solifi, a global fintech software partner for secured finance, software-as-a-service (SaaS) solutions in support of its automotive novated lease offering.

The national Citizens Business Conditions Index (CBCI) moderated to 50.04 in Q3/24 but remained in expansionary territory. The second consecutive reading above 50 indicates that business conditions continue to be solid.

PL Developments (PLD) completed its offer to exchange $350 million aggregate principal amount of its outstanding 7.750% senior secured notes due 2025. Latham & Watkins represented PLD in the exchange offer.

Blackstone closed the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (BXD). Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles.

Hilco Global and TPG Angelo Gordon have formed a new joint venture that will identify, acquire and finance consumer brands and IP in partnership with Bluestar Alliance. In connection with the launch, the joint venture has completed a series of...

Wells Fargo’s Quarterly Commercial Banking Sentiment Study revealed a cautious optimism among commercial businesses. Despite economic challenges, over half of the surveyed companies plan to prioritize growth if interest rates decrease in the coming months.

Nuveen Churchill Private Credit Fund (NCPCF) will sell to Nuveen Churchill Private Capital Income Fund (PCAP) substantially all of its assets. PCAP will assume NCPCF’s liabilities, and NCPCF will begin to wind down its investment operations.