News

Crown Electrokinetics, a provider of technology solutions, suspended the use of its equity line of credit agreement with Liqueous. Use of the ELOC is at the company’s sole discretion, and the company has the flexibility to reinstate it as conditions...

Haynes Boone represented Micropac Industries, a designer and manufacturer of components for military, aerospace and commercial applications, in its take-private sale to Teledyne Technologies.

Funds managed by Ares Management’s credit group closed approximately $12.3 billion in U.S. direct lending commitments during Q3/24 and approximately $44.5 billion in direct lending commitments in the 12 months ended Sept. 30, 2024.

Gunvor Group closed its inaugural U.S. Private Placement, totaling $378.5 million of senior unsecured notes with U.S. institutional investors placed under Section 4(a)(2) of the Securities Act. Societe Generale and MUFG acted as joint placement agents for the transaction.

After agreeing to provide $875 million in term loan financing for the acquisition of FitCrunch, a protein bar brand, Deutsche Bank and other banks Deutsche led in the transaction, had to fund a portion of the financing, according to people...

Digital Media Solutions, following a competitive auction process, received approval from the U.S. Bankruptcy Court for the Southern District of Texas for the sale of substantially all of the assets of the company’s core business to its existing lenders.

Citizens M&A Advisory served as the exclusive financial advisor to Hi-Tek Data, a managed service provider, on its recapitalization by Sea Pine Equity Partners, a lower middle-market private equity firm focused on the service sector.

Asset Based Lending (ABL), provider of private capital to real estate investors, closed its second unrated securitization, ABL 2024-RTL1, totaling $175 million. This marks the second entry in ABL’s securitization program and features a ground-up construction focus.

TGI Fridays, the owner and operator of 39 domestic restaurants in the TGI Friday’s casual dining chain, filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas.

PennantPark Investment Advisers closed PennantPark Credit Opportunities Fund IV (PCOF IV), a private closed-end fund with $610 million of investable capital. PCOF IV is the fourth vintage in its family.