News

Following on the announcement that Fisker Group filed for Chapter 11 protection in the District of Delaware, Fisker and its other U.S. subsidiaries have entered into Chapter 11. The company’s discussions regarding the sale of its assets remain ongoing.

Sumsub, a global full-cycle verification platform, is partnering with Finastra, a global provider of financial software applications and marketplaces, to support financial institutions worldwide with their compliance processes.

Antares Capital, an alternative asset manager with $68+ billion in assets under management and administration, closed its third broadly syndicated loan (BSL) collateralized loan obligation (CLO), Orion CLO 2024-3, totaling $400 million.

Fisker Group, the operating subsidiary of Fisker, filed for Chapter 11 protection in the District of Delaware on June 17, 2024. It is in advanced discussions with financial stakeholders regarding debtor-in-possession financing and the sale of its assets.

Kapitus, a provider of financing for small- and medium-sized businesses, closed a $45 million investment-grade corporate note financing. The closing of this most recent financing increases the company’s total debt facilities to $585 million.

White Oak Commercial Finance upsized a $10 million factoring facility to a worker management software company by an additional $15 million. The now $25 million factoring facility will serve as working capital to support the company’s growth in the artificial...

BNP Paribas Factoring is set to consolidate its pan-European and North African factoring operations onto the Lendscape receivables finance platform. The move will enable the bank to optimise customer and employee experiences, support its growth strategy.

SSG Capital Advisors served as the investment banker to Contract Pharmaceuticals Limited Canada and its affiliates (CPL) in its restructuring and sale to Aterian Investment Partners via a reverse vesting order (RVO).

A live webcast auction on June 26 features the Phoenix plant of manufacturer Zummit Plastics. The sale of the closed, 85,000-square-foot manufacturing facility is available to both turnkey buyers and those interested in acquiring assets individually.

The First Circuit ruled that bondholders of the Puerto Rico Electric Power Authority (PREPA), including Dechert, GoldenTree Asset Management and Assured Guaranty, have a claim for over $8.5 billion and valid liens on the revenue of utility, reversing the lower...