News

CVC Credit, the $43 billion global credit management business of CVC, has successfully priced Apidos XLVIII (48), a new $500 million (€460 million) collateralized loan obligation (CLO). Barclays served as lead arranger for this CLO.

FLINT has extended the maturity dates of its asset-based revolving credit facility with The Toronto-Dominion Bank, its term loan facility with Canso Investment Counsel and its 8% senior secured debentures to October 14, 2027 (previously March 23, 2026).

PulteGroup priced its previously-announced tender offers to purchase for cash up to $300 million aggregate principal amount of the company’s 5.500% senior notes due 2026 and 5.000% senior notes due 2027. J.P. Morgan is the dealer manager for the tender...

Hilton completed a $375 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-2 (HGVT). BofA served as the structuring lead manager and joint bookrunner along with Barclays, Deutsche Bank, Goldman Sachs, MUFG and Wells Fargo.

WeWork’s plan of reorganization has been confirmed by the United States Bankruptcy Court for the District of New Jersey. The company expects to emerge from Chapter 11 in mid-June, following the completion of routine administrative matters.

GLM III and its affiliated investment manager GoldenTree Asset Management closed a $500 million collateralized loan obligation (CLO), GLM US CLO 20, to be managed by GLM III. The CLO was arranged by a bank syndicate including BofA Securities as...

CorEnergy Infrastructure Trust’s Chapter 11 plan of reorganization was confirmed by the U.S. Bankruptcy Court for the Western District of Missouri on May 24, 2024. The company’s emergence from bankruptcy is expected to occur on June 12, 2024.

Dynata, a first party data platform company, has successfully concluded its first day prepackaged Chapter 11 hearing and received $31.5 million in new financing, with access to another $50 million in new financing set for early July 2024 following emergence...

Takeoff Technologies filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Through the Chapter 11 process, Takeoff intends to solicit interest in sales of some...

Owners Bank, a division of Liberty Bank, entered a strategic partnership with Bridge Marketplace. This partnership aims to provide small businesses with seamless access to business working capital through a digital platform facilitating streamlined requests for capital.