News

Spirit Airlines entered into a restructuring support agreement (RSA) supported by a supermajority of Spirit’s bondholders on the terms of a balance sheet restructuring. To implement the RSA, the company has commenced a prearranged chapter 11 process.

Asset based lender Ultimate Finance made an enhancement to its working capital proposition by increasing its maximum cashflow loan size to £500k as part of a wider asset-based facility.

SSG Capital Advisors served as the investment banker to Trugman-Nash, a subsidiary of Allied Dairy Products, in the sale of 100% of its equity ownership interests to Arthur Schuman, d/b/a Schuman Cheese. The transaction closed in October 2024.

Winston & Strawn guided Court Square Capital Partners, a New York-based private equity firm, in reaching a definitive agreement to sell Advanced Diabetes Supply Group to Cardinal Health for $1.1 billion.

Sterling Investment Partners acquired PROtect, a provider of safety, reliability and compliance services. Houlihan Lokey acted as sell side advisor. Dechert and Seyfarth Shaw acted as legal counsel and Alvarez & Marsal acted as tax advisor on behalf of Sterling.

Equify Financial, a commercial finance solutions company, launched a new division, called Equify Business Funding, offering receivables lending and ABL capital solutions serving a variety of industry sectors.

The D. E. Shaw Group, a global investment and technology development firm, has raised $1 billion in commitments for D. E. Shaw Alkali Fund VI, a closed-end vehicle that is expected to pursue a multi-strategy investment style and invest primarily...

There were 108 U.S. bank deals worth an aggregate deal value of $13.07 billion announced in 2024 through Oct. 31, according to S&P Global Market Intelligence data.

Rosenthal & Rosenthal, a private commercial finance firm in the United States, completed three recourse factoring transactions totaling $6.5 million.

CoreWeave closed a minority investment of $650 million led by investors Jane Street, Magnetar, Fidelity and entities administered by Macquarie, with additional participation from Cisco, Pure Storage, funds and accounts managed by BlackRock, Coatue, Neuberger Berman and others.