News

During the “first day” hearing of Brazilian airline GOL Linhas Aéreas Inteligentes’s Chapter 11 bankruptcy proceeding in the U.S. Bankruptcy Court for the Southern District of New York, the court approved the airline’s interim access to $950 million debtor-in-possession financing.

According to investment bank Union Square Advisors, in the second half of 2023, there was a meaningful increase in the number of technology companies making the decision to raise capital or pursue a strategic transaction, fueling its optimism that dealmaking...

Brazilian airline GOL Linhas Aéreas Inteligentes voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. GOL entered the process with a financing commitment for $950 million in new debtor-in-possession financing.

The TCW Group, a global investment firm with more than $200 billion of assets under management, launched a dedicated asset-backed finance business that will be anchored with more than $1 billion in capital commitments from TCW, its partners and affiliates.

According to a study from Runway Growth Capital, 88% of venture capital firms reported their portfolio companies plan to pursue venture debt in the next 12-18 months and 67% of entrepreneurs are willing to raise venture debt with a non-bank...

Culain Capital Funding provided a $3 million accounts receivable factoring facility to a mechanical services company based in New York.

MidFirst Business Credit recently provided a working capital facility to Custom Equipment, a designer and manufacturer of scissor lifts that can accommodate various end-user environments.

Caesars Entertainment announced the pricing of its previously announced offering of $1.5 billion aggregate principal amount of senior secured notes. Concurrently, the company expects to secure a $2.9 billion senior secured term loan facility.

Benefit Street Partners closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy.

FTI Consulting’s 2024 Leveraged Loan Market Survey found that cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared to last year when only 29% had...