News

According to the Equifax Canada Market Pulse Business Credit Trends Report for Q1/23, new data suggests a pattern of credit expansion and a significant shift in credit usage in Canada this year.

Entourage Health, a Canadian producer and distributor of cannabis products, partially repaid its senior secured credit facility with BMO and transitioned the remaining balance to the LiUNA Pension Fund of Central and Eastern Canada.

Lannett Company, a developer, manufacturer, packager, marketer and distributer of generic pharmaceutical products, emerged from Chapter 11 bankruptcy following the confirmation of its plan of reorganization on June 8.

William J. Delaney, counsel at Cohn & Dussi, was recognized by Super Lawyers for 2023. Delaney has been named to the Super Lawyers list for bankruptcy every year since 2008.

The American Bankruptcy Institute’s Subchapter V task force will hold its second virtual public hearing at 3 p.m. EDT on June 23 to receive witness testimony regarding eligibility issues related to Subchapter V of Chapter 11 of the U.S. Bankruptcy...

Joseph Marchese, a partner at PKF Clear Thinking, was appointed chief restructuring officer of footwear brand The Rockport Company, which commenced voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware.

Cambridge Wilkinson has expanded globally throughout Canada, Europe, the Middle East, east Asia and Australia. All securities-related business will continue out of the firm’s New York headquarters through Avalon Securities.

The Federal Reserve announced on Wednesday that it will maintain the target range for the federal funds rate at 5% to 5.25%, noting that economic activity and job gains have expanded since it last raised rates in early May.

The U.S. Bankruptcy Court for the Southern District of Texas approved the first day motions Instant Brands filed in relation to its Chapter 11 filing earlier this week, including authorizing the company to access more than $250 million in debtor-in-possession...

According to a survey sponsored by Carl Marks Advisors, rising inflation, persistent labor shortages and a desire to improve capital structures are among the key factors leading middle-market companies to seek alternative financing options.