News

Acorda Therapeutics, a developer of therapies for neurological disorders, entered into an asset purchase agreement with Merz Therapeutics. Acorda also filed for Chapter 11 bankruptcy, with Merz serving as the “stalking horse” bidder in the process.

MUFG established a new medium-term business plan for the next three years “to pursue and produce growth” with an aim to increase ROE to approximately 9% by 2026.

According to a recent report from the U.S. Department of the Treasury, there is a widening gap between large and small financial institutions when it comes to in-house AI systems, with the rise of AI creating additional cybersecurity and fraud...

Airspan Networks entered into a restructuring agreement with Fortress Investment Group and filed voluntary prepackaged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. Fortress will provide $53 million in debtor-in-possession financing to Airspan.

Partners and colleagues of Tidwell Group, a Birmingham, AL-based tax, assurance and advisory and real estate consulting firm, are joining EisnerAmper, a global business advisory form, in a transaction expected to close in May 2024.

CIFC Asset Management made its third donation on behalf of its CLO Initiative for Change program. For this donation, CIFC partnered with the deal parties of its latest CLO to make a collective contribution of $225,000 to the TEAK Fellowship.

Results from Phoenix Management’s Q1/24 “Lending Climate in America” survey highlighted concerns about the outcome of the upcoming presidential election and increased uncertainty surrounding the retail and construction industries.

Pemberton Asset Management, a private credit manager, closed its Strategic Credit Fund III at €2.3 billion (approximately $2.5 billion), bringing total assets under management across the three vintages for the strategy to €4.9 billion (approximately $5.3 billion).

Republic Business Credit approved a $5 million factoring facility for a designer wristwatch and accessory distributor to provide financial support for its expected spring and summer sales surge.

Consumer credit lender CURO filed for voluntary relief under Chapter 11 of the U.S. Bankruptcy Court in the Southern District of Texas, Houston Division. CURO also received a commitment of up to $70 million of debtor-in-possession financing from certain prepetition...