News

California Resources Corporation (CRC) entered into an amended and restated restructuring support agreement with approximately 85% of the holders of its term loans due 2017 and 68% of the holders of its unsecured and deficiency debt claims.

Brooks Brothers filed a motion in the United States Bankruptcy Court for the District of Delaware to obtain court approval of an asset purchase agreement with stalking horse bidder SPARC Group.

Crestmark secured a total of $7,703,300 in ABL financial solutions for seven new clients in the first half of July. In addition, Crestmark Equipment Finance provided $16,946,772 in three new lease transactions and Crestmark Vendor Finance provided $7,799,845 in 98...

TCF Bank unveiled a $1 billion loan commitment to minority communities and minority- and women-owned small businesses, and a $10 million grant program to assist low-to-moderate income home buyers.

Alex Sutton, managing director and head of research at Gordon Brothers, said, “The agreement will impact cost structures, product mix, commodity prices, local market dynamics and a wide range of other operating issues.”

Ascena Retail Group engaged SB360 Capital Partners as its consultant to conduct store closing sales at most of its retail locations.

More than half (58%) of small business owners reported that they expect their revenue to decrease in 2020, even though 47% said they did not have to close for any amount of time during the COVID-19 pandemic, according to data...

Sound Point Capital will provide Pyxus International with a bankruptcy court-approved $75 million revolving credit facility upon the effective date of a prepackaged plan of reorganization between Pyxus and its affiliated debtors.

Ascena Retail Group entered into a restructuring support agreement with more than 68% of its secured term lenders and received commitments for $150 million in a new money term loan from its existing lenders.

Global Eagle Entertainment agreed to a definitive stalking horse asset purchase agreement for total consideration of $675 million with an entity led by lenders including Apollo Global Management and certain funds and accounts under management by BlackRock.