News

The PayNet Small Business Lending Index fell 14.4 points, or 11.8%, to 107.4 in April and is now 32% below its year-ago level, potentially suggesting that small businesses are substituting traditional lending with Paycheck Protection Program loans.

Bankruptcy judge Barbara Houser, president of the American Bankruptcy Institute, issued a statement on ABI’s commitment to diversity and inclusion, including an update on the work of ABI’s diversity and inclusion working group.

The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division approved Neiman Marcus Group to access debtor-in-possession financing, including the immediate availability of $250 million and an additional $150 million as needed after Sept. 4, 2020.

Gordon Brothers, Hilco Merchant Resources, Great American Group and Tiger Group commenced store closing sales at 137 J. C. Penney stores across the United States.

GA Global Partners, a B. Riley Financial company, will conduct an online public auction of the assets of Second Sight Medical Products on June 25. GA Global is conducting the auction of Second Sight’s assets in connection with the orderly...

InterNex Capital and Utech Global have formed a digital partnership to provide a solution for Utech’s clients to manage their transportation business while optimizing their working capital.

Xalles Capital, a wholly-owned subsidiary of Xalles Holdings, is creating a virtual growth center for fintech firms. Xalles Capital expects between 10 to 20 companies to be admitted to the program during its first year.

Extraction Oil & Gas voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In connection with the filing, Wells Fargo Bank underwrote a $125 million...

FTI Consulting is acting as restructuring advisor for 24 Hour Fitness, which filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 24 Hour Fitness expects to secure $250...

Lazard and RPA Advisors are serving as financial advisors to Pyxus International, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code and secured commitments for $206.7 million in debtor-in-possession financing.