News

J.C. Penney Company filed a draft asset purchase agreement, which tracks the terms of the previously announced letter of intent, to sell JCPenney. All parties are working to conclude negotiations and intend to utilize the ongoing mediation process to achieve...

Libbey, a glass tableware manufacturer, secured exit financing consisting of a $150 million term loan and a $100 million asset-based lending facility and expects to emerge from Chapter 11 with under $200 million of funded debt.

First Women’s Bank, a women-led commercial bank with a mission to grow the small business economy and advance the role of women within it, selected Fiserv, a global provider of financial services technology solutions, to enable the bank’s launch in...

Focus Management Group served as financial advisor to Gabriel’s Liquor in the company’s acquisition by Omega Capital Group after Gabriel’s Liquor’s Chapter 11 filing.

TNT Crane & Rigging and certain of its affiliates emerged from Chapter 11 bankruptcy protection. The company emerged from its restructuring as a private company with a new ownership group, recapitalized with a new $225 million term loan.

YogaWorks, a provider of yoga instruction, filed for Chapter 11, entering a purchase agreement with Serene Investment Management. Serene will serve as the stalking horse bidder, acquiring YogaWorks’ digital and education business and intellectual property.

Tiger Group is accepting offers for bulk purchases of inventories from six facilities on the East and West Coasts operated by American Medical Depot, a distributor of medical equipment and supplies that is now winding down business.

TD Community Development Corporation allocated new markets tax credits to the International African American Museum in Charleston, SC, to assist in its construction project and opening, resulting in an equity investment of more than $5.5 million from TD.

Versant Funding funded a $1.5 million non-recourse factoring facility for a national distributor of CBD-infused body care products.

Chaparral Energy emerged from Chapter 11 as a private, non-SEC filing company, completing its financial restructuring. The company equitized all $300 million of its unsecured 8.75% senior notes due 2023 and reduced its annual interest expense by more than $25...