News

According to Epiq, there were 195 new Chapter 11 commercial filings, including Subchapter V, in November, down 29.1% compared with October, which had 275 new filings.

Harris Williams advised American Track, a portfolio company of Hilltop Private Capital and PNC Mezzanine Capital, on its recapitalization with DFW Capital Partners.

According to Kroll Bond Rating Agency UK’s 2022 European structured finance sector outlook, inflationary pressure could lead to rising interest rates in 2022, which could crease a positive environment for securitization issuance.

Sycamore Tree Capital Partners closed its inaugural collateralized loan obligation, Sycamore Tree CLO 2021-1, which totals $403.3 million. Citibank Securities served as the underwriter and Dechert acted as legal counsel to Sycamore Tree Capital Partners on the transaction.

The Turnaround Management Association appointed Erin Bryan, a partner in Dorsey & Whitney’s finance and restructuring group, to the board of directors of the association’s Minnesota chapter.

Solifi (formerly IDS), a global financial technology software partner for the secured finance industry, added Sunflower Bank as its first client to move mission-critical asset-based lending operations to Solifi’s software-as-a-service platform.

Bert Goldberg, the founder and executive director of the International Factoring Association, passed away at his home on Nov. 27. Goldberg was diagnosed in April with stage four pancreatic cancer.

Hercules Capital has originated more than $2 billion year to date in annual total gross debt and equity commitments, breaking its previous one-year record of $1.47 billion.

LATAM Airlines Group filed a plan of reorganization, setting the stage for its exit from Chapter 11. The plan proposes the infusion of $8.19 billion into the company through a mix of new equity, convertible notes and debt.

BMO Financial Group pre-purchased the permanent removal of 1,000 tons of carbon dioxide from the atmosphere through direct air capture technology.