News

Ares Management’s special opportunities strategy, which is currently a business within Ares’ private equity group, will be joining the firm’s credit group and will be named opportunistic credit.

Consumer goods company Thrasio entered into a restructuring support agreement with approximately 81% of its revolving credit facility lenders and approximately 88% of its term loan lenders that will eliminate approximately $495 million of the company's existing debt.

Warby Parker entered into a $120 million revolving credit facility with JPMorgan Chase as administrative agent. The facility also includes an accordion feature that can increase borrowings up to $175 million.

Pathward released its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70% consider themselves to be in growth mode. Based on a survey...

White Oak Group served as the investment banker to Gregg Communications in its sale to financial sponsor APLJ Capital Management.

The M&A Advisor recognized CohnReznick, an advisory, assurance and tax firm, with the Sec. 363 Sale of the Year Award ($10MM – $50MM category) for its advisory work in the restructuring and sale of Winc, a wine club, wholesaler and...

Subsidiaries of B. Riley Financial have been retained as advisors in connection with the Chapter 11 bankruptcy of Prize Management and Sand Ridge Development Association, dba Sand Ridge Materials.

CorEnergy Infrastructure Trust reached an agreement with certain of its noteholders on a comprehensive financial restructuring that will reduce debt and restructure its balance sheet.

Cambridge Savings Bank was the lead bank in a $45 million participation loan for Modera Wealth Management’s transaction with Parsec Financial Management.

FTI Consulting reported revenue of $3.489 billion for 2023, marking a 15.2% increased compared with revenue of $3.029 billion in 2022. The company’s also reported a 19.7% year-over-year increase in revenue for its corporate finance and restructuring segment in Q4/23.