News

Alvarez & Marsal launched a life sciences business unit. Mark Freitas will lead the division and serve as managing director and life sciences practice leader.

B. Riley Securities served as lead left bookrunner to Diversified Healthcare Trust in its $941 million zero coupon senior secured notes offering. Diversified Healthcare Trust intends to use proceeds from the transaction to repay all of its outstanding debt maturing...

According to Deloitte’s Q4/23 CFO Signals survey, CFOs who rated the current North American economy favorably plummeted 10 points since the previous quarter to 47% from 57%. Net optimism for CFOs' own companies' financial prospects also fell.

The International Factoring Association named David J. Jencks, Esq. of Jencks Law, co-general counsel to the organization. IFA co-general counsel members play a role in ensuring legal compliance and protecting the interests of the association and its members.

Radio content company Audacy entered into a restructuring support agreement to reduce funded debt by $1.6 billion. In connection with the restructuring, Audacy filed for Chapter 11 bankruptcy and secured commitments from its existing lenders for $57 million in debtor-in-possession...

SSG Capital Advisors served as the investment banker to EFS Parlin Holdings in the sale of its interconnection rights to TigerGenCo, a developer, owner and operator of power generation and energy infrastructure projects.

Leavitt Equity Partners, a healthcare focused private equity firm, closed its third fund, Leavitt Equity Partners III (LEP III), which raised more than $180 million, surpassing the investment firm’s initial target of $150 million.

Mullen Group entered into a $125 million credit agreement with PNC Bank’s Canadian branch.

Economic activity in the manufacturing sector contracted in December for the 14th consecutive month following a 28-month period of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management.

The asset-based lending market held steady in Q3/23 amid positive developments in the U.S. economy, such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network.