News

According to a report from Citizens Commercial Banking, real-time payments are continuing to emerge as the standard in U.S. billing and payment processing, with nine out of 10 business leaders reporting interest in the network.

Jeffrey C. Hampton and Mark Minuti, partners at Saul Ewing Arnstein & Lehr, were named recipients of the 2020 Mid-Size Company Turnaround and Transaction of the Year Award by the TMA in recognition of their work on behalf of Coordinated...

CIT Group’s power and energy unit served as sole lead arranger on a $162 million financing for the East Blackland solar project in Travis County, TX.

Aeromexico obtained, subject to court approval, commitments for a $1 billion senior secured superpriority multi-tranche debtor-in-possession term loan facility from funds managed by affiliates of Apollo Global Management.

Roadrunner Transportation Systems completed its divestiture of all truckload segment businesses. Additionally, the company ended its existing senior secured credit facility and entered a new $45 million senior secured asset-based credit facility with Crystal Financial.

Capital Southwest supported Align Capital Partners’ recent acquisition of Electronic Transaction Consultants from Italian parent company Atlantia SpA with a revolver, first lien term loan and equity co-investment.

Lilis Energy will sell substantially all of its assets through the Chapter 11 process after Värde Partners declined to pursue a new money investment in the exploration and production company to sponsor a plan of reorganization.

Chaparral Energy entered into a restructuring support agreement with certain of its funded debtholders, which includes a $300 million exit revolving credit facility. The company commenced soliciting votes to approve the prepackaged plan.

Libbey received a term sheet from seven of its lenders to provide $150 million in exit financing. Libbey also expects to replace its $100 million DIP revolving credit facility with a new exit facility with approximately $20 million initially drawn.

Archytas Ventures voluntarily agreed to reduce the effective interest rate on its $600,000 term loan to XS Financial from 18% to 12%, effective May 2020 until maturity. XS Financial anticipates savings to be realized in 2020 with annualized savings of...