News

Alvarez & Marsal advised Hi-Crush, a fully-integrated provider of proppant logistics solutions, on its financial restructuring and emergence from Chapter 11 bankruptcy.

AlixPartners is serving as restructuring advisor to Mallinckrodt, which initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to modify its capital structure, including restructuring portions of its debt.

CVC Credit priced Apidos XXXIV, a CLO fund totalling $402.5 million, as the company’s second CLO priced in the last month, following the pricing of Cordatus XVIII. Together these funds total c.$850 million of new issuance.

SC&H Capital acted as the exclusive investment banker to A.C. Furniture Company in the sale of real estate properties, inventory, equipment and intellectual property to Linon. The company’s Virgina headquarters were bought by H.I.G. and its second Virginia property by...

COVID-19 will continue to have a major effect on U.S. performance throughout 2020, according to a survey from Phoenix Management. In addition, the survey found that 44% of lenders expect their loan portfolios to remain stable in Q4/20, while 32%...

The leveraged credit team of ORIX Advisers, formerly known as Mariner Leveraged Credit, changed its name to Signal Peak Capital Management. The team re-joined ORIX Corporation USA as part of its registered investment adviser subsidiary, ORIX Advisers.

Crestmark secured a total of $15,847,400 in ABL financial solutions for 10 new clients and Crestmark’s government guaranteed lending group provided $66,831,600 in financing for 16 new clients in the second half of September.

In August, the PayNet Small Business Lending Index declined for the first time since April, falling 13.5 points (-9.1%) to 134.7 and 5.5% below its year-ago level.

24 Hour Fitness entered into a restructuring support agreement with lenders holding approximately 73% of the company’s secured debt and approximately 65% of the company’s senior unsecured notes. The restructuring will reduce $1.2 billion dollars of funded debt.

Monroe Capital received the 2020 Private Credit Strategy of the Year by the Pension Bridge Institutional Asset Management Awards. The award was presented to the firm’s Monroe Capital Senior Secured Direct Loan Fund at the awards ceremony on Sept. 24,...