News

C1 filed a prepackaged Chapter 11 bankruptcy proceeding in the U.S. Bankruptcy Court for the Southern District of Texas. CVC Capital Partners, Silver Point Capital and Monarch Alternative Capital committed to provide new equity and debt financing as part of...

New bankruptcy filings during Q1/24 registered year-over-year increases across all major filing categories in the U.S., according to Epiq Bankruptcy, with total commercial Chapter 11 filings registering the largest increase, rising 43% year over year.

AGL Credit Management, an investment manager specializing solely on corporate credit strategies, and Barclays entered an exclusive cooperation agreement and launched a new private credit investment platform, AGL Private Credit.

Professional services firm Durkin Group, a Gordon Brothers company, expanded its field examination services with the addition of GB4 Group, which specializes in government contracting, manufacturing, service industries, distributors, construction and insurance premium finance.

Tiger Finance’s lending platform continued to grow in Q1/24, providing $102 million in financing to borrowers in retail and other industries across North America.

Private credit firm Brightwood Capital Advisors closed Brightwood Capital MM CLO 2024-2, a $707 million collateralized loan obligation, marking the firm's seventh CLO since 2019 and bringing its total CLO issuance to more than $3.5 billion.

View, Inc., a provider of smart building technology, reached an agreement with Cantor Fitzgerald and RXR Realty on the terms of a financial restructuring. As part of the restructuring, Cantor Fitzgerald, RXR and other investors committed to provide debtor-in-possession financing.

Alpine Ridge Funding provided a $2.5 million factoring facility to a healthcare service provider based in Georgia. The company was seeking a new lender to support its ongoing working capital needs.

Shoes For Crews, a manufacturer and distributor of slip-resistant footwear, filed voluntary petitions for Chapter 11 relief in the U.S. Bankruptcy Court for the District of Delaware. As part of the process, the company entered an agreement to receive $30...

PREIT Realty, an owner and operator of retail real estate, concluded its financial and corporate restructuring and emerged from bankruptcy through an expedited process. Through its restructuring, PREIT reduced its total debt by approximately $835 million.