News

Akorn, a specialty pharmaceutical company, completed its sale to its term loan lenders and exited Chapter 11 protection.

PwC’s recent report, “Securing your tomorrow, today – The future of financial services,” predicted that alternative providers of capital are on track to become an even more important part of the global financial system.

White Oak Global Advisors entered a formal partnership with the Sustainability Accounting Standards Board. This partnership will enable White Oak to incorporate SASB’s standards into its ESG research and underwriting processes for prospective credit issuance.

The September Credit Managers’ Index from the National Association of Credit Management fell by a half a point from the August index, marking the first decline since April. However, the CMI is still trending positively in expansion territory

Lisa Donahue, global joint head of turnaround and restructuring services for AlixPartners, was named to Crain’s annual list of Notable Women in Accounting and Consulting.

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

Alvarez & Marsal is acting as restructuring advisor to Superior Energy Services, which entered into a restructuring support agreement with a group of its senior noteholders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code.

CVC Credit Partners priced Cordatus XVIII, a collateralized loan obligation fund totaling $447,697,125(€382.5 million) and arranged by Deustche Bank.

H.I.G. Capital closed H.I.G. Capital Partners VI with aggregate capital commitments of $1.3 billion.

Bouchard Transportation filed voluntary petitions to restructure under Chapter 11. Kirkland & Ellis and Jackson Walker are acting as Bouchard’s legal counsel, while Portage Point Partners is serving as restructuring advisor and Jefferies is serving as investment banker.