News

There is still time left to register for the 15th Annual Philadelphia Credit & Restructuring Summit, which will take place tomorrow at the Union League in Philadelphia and feature several in-depth education sessions and networking opportunities.

The American Bankruptcy Institute’s Subchapter V task force transmitted a letter to key members of Congress providing further supplemental input regarding its preliminary report supporting the maintenance of the $7.5 million debt cap for Subchapter V eligibility.

B. Riley Securities served as the lead left bookrunner in connection with Landsea Homes’ recent $32.5 million secondary offering. B. Riley led the sale of 2.8 million shares of the company’s common stock at a public offering price of $11.60...

KeyBank entered into a forward flow origination partnership with Blackstone Credit & Insurance focused on Key's specialty finance lending (SFL) group, an asset-based lender serving clients across the U.S.

According to Deloitte’s quarterly CFO Signals survey, in North America, 59% of CFOs expressed optimism for the current economy in Q1/24, up from the 47% tracked in Q4/23.

Mark Indelicato, partner at Thompson Coburn, will return to lead the regular “Views from the Bench” panel in the third and final education session of the 15th Annual Philadelphia Credit & Restructuring Summit later this week.

Arts and crafts retailer JOANN entered into a transaction support agreement with a majority of its financial stakeholders and received commitments for $132 million in new financing as well as a six-month extension to its existing ABL and FILO credit...

Haynes and Boone advised Brand Engagement Network (BEN) in connection with a business combination with special-purpose acquisition company DHC Acquisition and a PIPE financing. The combination resulted in BEN becoming a U.S. publicly listed company.

Hilco Streambank is seeking offers to acquire the brand assets of the Klaussner home furnishings brand. Indications of interest to acquire the assets are due by March 28. The sale is being conducted on behalf of a court-appointed receiver.

The U.S. Bankruptcy Court for the Eastern District of Virginia approved wood-based biomass producer Enviva’s previously announced $500 million debtor-in-possession financing.