News

CVC Credit Partners priced Cordatus XVIII, a collateralized loan obligation fund totaling $447,697,125(€382.5 million) and arranged by Deustche Bank.

H.I.G. Capital closed H.I.G. Capital Partners VI with aggregate capital commitments of $1.3 billion.

Bouchard Transportation filed voluntary petitions to restructure under Chapter 11. Kirkland & Ellis and Jackson Walker are acting as Bouchard’s legal counsel, while Portage Point Partners is serving as restructuring advisor and Jefferies is serving as investment banker.

The New York Law Journal ranked Signature Bank the No. 1 business bank, private bank and business escrow service in its 11th annual “Best of” survey of the New York legal community.

Valaris entered into a $500 million Debtor-in-Possession term loan agreement with certain of its noteholders.

The American Association of Commercial Finance Brokers completed its first virtual conference last Friday. The AACFB Annual Conference was originally scheduled to be held at Caesars Palace in Las Vegas in May but was forced to relocate virtually due to...

Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.

According to the latest PNC semi-annual survey for small and mid-size business owners and executives, businesses are adapting amid the COVID-19 pandemic by making major changes to their operations, including increased use of technology.

Those practicing in and for skilled-nursing facilities (SNFs) expected failure and death at rates greater than other healthcare settings because of “pre-existing conditions” of the industry, according to an article in the ABI Journal.

Companies are planning on retaining remote work options to a greater degree than they did before the COVID-19 pandemic once workplace restrictions ease, according to the Q3 AICPA Economic Outlook Survey.