News

Crescent Capital’s European specialty lending strategy provided unitranche financing to support the acquisition of NAVTOR by Accel-KKR. Crescent also provided an acquisition facility to further accelerate NAVTOR’s growth through strategic M&A.

First Eagle Alternative Credit received ‘A’ grades from the UN Principles for Responsible Investment (PRI) for its overarching approach to ESG strategy and governance and for ESG integration across all modules relevant to its investment activities.

Pyxus completed its financial restructuring, which includes a $213 million exit term loan and a $75 million exit asset based revolving facility. Glendon Capital Management and Monarch Alternative Capital are leading the investment in Pyxus’ exit term loan facility.

The Bancorp Bank, a wholly-owned subsidiary of The Bancorp, joined the roster of lenders on the Envestnet Credit Exchange, providing financial advisors with access to securities-backed lines of credit.

Crestmark secured a total of $6.5 million in ABL financial solutions for four new clients in the first half of August. As a whole, Crestmark provided more than $47 million in commercial financing.

Alvarez & Marsal is acting as restructuring advisor to FTS International, which entered into a restructuring support agreement with a majority of its secured debt holders and will commence voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in...

1st Commercial Credit, an Austin, TX-based factoring company, expanded its sales territory with sales offices in Dallas, Houston and San Antonio, TX.

Lenders under Cequence Energy’s $50 million second lien senior secured term loan will convert $17.9 million and the unpaid interest on the term loan into unsecured debt as part of a restructuring agreement.

GoldenTree Loan Management II and its affiliated investment manager, GoldenTree Asset Management, closed a $443 million collateralized loan obligation. The CLO was arranged by a bank syndicate including Wells Fargo Securities as structuring lead.

KB US Holdings, the parent company of the Kings Food Markets and Balducci's Food Lover's Market, accepted a stalking horse bid from TLI Bedrock to purchase the company for $75 million.