News

Wellfleet Credit Partners, the performing credit business of Littlejohn & Co., closed Wellfleet CLO 2020-2, a $396 million collateralized loan obligation. Credit Suisse Securities acted as the arranger for the CLO.

FTI Consulting is serving as financial advisor to FR TNT Holdings (TNT), which filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. TNT also secured commitments for a $45 million debtor-in-possession financing.

A U.S. bankruptcy judge in Nevada recently confirmed Alpha Guardian’s Chapter 11 bankruptcy plan, with Nicholas Rubin, co-founder of Force 10 Partners, serving as chief restructuring officer.

Antares served as lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of Integrated Medical Professionals and The Urology Group by Lee Equity Partners to form Solaris Health.

Carl Marks Advisors served as the sell-side investment banker in the sale of Pet Qwerks, a designer and developer of innovative high-quality dog chews and interactive toys for dogs and cats, to Petmate.

Biz2Credit launched a partnership with Sage to provide business financing capabilities to their Sage Accountants Network (SAN) and small business clients

Valaris filed a voluntary petition for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. In connection with the filing, certain Valaris lenders committed to provide $500 million in debtor-in-possession financing.

LBC Small Cap provided senior secured credit facilities to Avision Sales Group, a portfolio company of Osceola Capital. The investment will support Avision's acquisition of Apex Reps, a provider of outsourced sales and marketing services for janitorial and sanitation manufacturers.

A completed economic impact study of Hilco Redevelopment Partners’ proposed redevelopment of the closed former Philadelphia Energy Solutions refinery in South Philadelphia is projecting significant job creation and a positive economic impact to the city and region.

J.P. Morgan placed a $600 million term loan B offering with 90 investment firms for Concord, which will use the debt financing to partially pay down a revolving credit facility, allowing for additional capital availability for future acquisitions and working...