News

Tiger Group will begin accepting bids on July 14 for a live online auction of selected assets to the continuing operations of Spectrum Cubic, including a variety of materials handling items.

Runway Growth Credit Fund reported total new loan commitments for Q2/20 equaled $60.4 million. The company funded four loans and other investments during Q2/20, including $30 million senior secured term loans to Intact Vascular and CloudPay.

Bay Point Advisors provided a multi-tiered, senior secured debtor-in-possession loan to Hannah Solar. The funds will allow Hannah Solar to consolidate its existing secured debt and obtain the working capital necessary to fund its operations during its reorganization process.

In a Q2/20 update, Stellus Capital Investment reported that 45 million of unused borrowing capacity. In addition, the company reported cash balances of approximately $23 million while unfunded commitments were approximately $27.6 million.

SSG Capital Advisors acted as the investment banker to PQ New York and Subsidiaries d/b/a Le Pain Quotidien in the sale of select U.S. assets to Aurify Brands.

Reynolds Group is seeking to raise stand-alone financing for Graham Packaging Company and its subsidiaries. The financing is expected to be approximately $1.9 billion and is to comprise a new first lien term loan, a senior secured revolving credit facility...

The American Bankruptcy Institute revealed details for its Southeast virtual bankruptcy workshop, which will be held on July 24 and include 10 bankruptcy judges and bankruptcy professionals based in the Southeast U.S.

Fitch Ratings assigned an expected long-term issuer default rating of BBB- to Blackstone/GSO Secured Lending Fund. The rating outlook is stable.

Citizens M&A Advisory served as the exclusive financial advisor to Gunnison Tree Services, a provider of tree and vegetation management services, on its recapitalization by Warren Equity Partners, a Jacksonville, FL-based lower middle market private equity fund.

Retail inventory valuations bounced back quickly in May and June as Americans responded to retail re-openings by hunting for bargains at liquidation sales, according to Tiger Capital Group executives.