News

Bloomberg reported that BlackRock is hunting for Indian direct lending opportunities in a broadening array of sectors from agriculture to hospitality as the nation’s booming private credit market lures more borrowers.

KBRA released research observing how secured lenders have long looked to “disqualified stock” provisions in credit documentation to protect against cash leakage on account of junior ranking instruments.

Portage Point Partners, a business advisory, interim management and investment banking firm, secured a strategic minority growth investment from New Mountain Capital, a growth-oriented investment firm with over $55 billion in assets under management.

Haynes and Boone advised Satcom Direct in connection with its sale to Gogo. The transaction includes $375 million in cash and five million shares of Gogo stock. Satcom Direct could also receive up to an additional $225 million based on...

Wayfair intends to offer, subject to market and other conditions, $700 million in aggregate principal amount of senior secured notes due 2029 in a private offering.

The closure of Besse Forest Products presents an opportunity for industrial operators to acquire sawmills and veneer mills in Wisconsin, but only until the end of October, when the turnkey sale will conclude.

BIOLASE, a medical device company, has initiated Chapter 11 proceedings in Delaware. SWK Funding has committed up to $2.5 million in debtor-in-possession financing, including a $1.43 million interim advance.

Large corporate bankruptcy filings continued to climb in H2/23 through H1/24, according to a report released by Cornerstone Research. Filings in the services, manufacturing, finance, insurance, and real estate industries contribute to year-over-year increase.

JPMorgan has expanded its private credit capabilities by forming partnerships with Cliffwater, FS Investments and Shenkman Capital Management, according to Bloomberg.

Mizuho Financial and Golub Capital entered a strategic partnership. As part of the agreement, Mizuho has purchased a passive, non-voting minority stake in Golub Capital’s management companies, and Mizuho will serve as a strategic distribution partner for Golub Capital in...