News

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.

CVC Credit Partners closed Apidos XXXIII, a collateralized loan obligation fund totalling $400 million.

According to an article in the ABI Journal, the COVID-19 pandemic is forcing common law jurisdictions and civil law jurisdictions to accelerate the move toward electronic signatures, electronic filings and remote notarizations.

The International Factoring Association appointed Meg Roberson, senior vice president and national sales manager for Gulf Coast Business Credit, a new advisory board member.

Venerable, which owns and manages the legacy variable annuity business acquired from Voya Financial, chose to migrate its data management to AC PaSS, the cloud-based managed service solution from Asset Control.

Horsburgh & Scott raised $20 million in debt financing from Great Rock Capital Partners Management to refinance its existing debt facility and provide additional capacity for anticipated growth.

PGIM Private Capital provided $4.7 billion of senior debt and junior capital to middle-market companies and projects globally in the first half of 2020.

Hancock Whitney agreed to sell $497 million of energy loans to certain funds and accounts managed by Oaktree Capital Management.