News

Franchise Group entered into a restructuring support agreement (RSA) and, with its operating businesses and other affiliates, commenced voluntary chapter 11 proceedings. Its first lien lender group has committed $250 million in debtor-in-possession financing.

Tesla sold $499 million of bonds, according to Bloomberg. Deutsche Bank marketed the five-tranche deal between Monday, Oct. 28 and Friday, Nov. 1, the article says.

Carl Marks Securities advised Kewaunee Scientific, a global company in the design, manufacturing and installation of laboratory, healthcare and technical furniture products, on its acquisition of Nu Aire, a manufacturer of equipment for laboratory and pharmacy environments.

Global oilfield services provider Drilling Tools International signed a definitive agreement to acquire Titan Tools Services, a UK-based downhole tool rental company. Leading the legal representation for DTI is law firm Winston & Strawn.

GLM III and its affiliated investment manager GoldenTree Asset Management closed a $599 million collateralized loan obligation (CLO) to be managed by GLM III. The CLO was arranged by BNP Paribas Securities as sole lead.

KKR and Energy Capital Partners formed a $50 billion strategic partnership. The collaboration aims to accelerate the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence (AI) and cloud computing globally.

Professional grade gear from a production studio in San Rafael goes to auction on Nov. 13 in the latest AV sale by Tiger Group.

Monroe Capital has been selected by Inc. Magazine’s 2024 List of Founder-Friendly Investors. The list honors lenders, venture capital and private equity firms with a track record of backing founder-led companies and helping them achieve success.

VSS Capital Partners, a private investment firm, completed a growth capital investment in Lane Four Consulting, a consulting partner to North American growth companies that seek to optimize and scale their go-to market operations using Salesforce.

Stardust Power, an American developer of battery-grade lithium products, engaged MUFG Bank as lead financial advisor in relation to the company’s development of a battery-grade lithium refining facility in the United States.