News

Encina Business Credit provided a $25 million senior secured credit facility to a value-added master steel distributor and processor.

Capital Financial Global rescinded its merger with Affiliated Funding and is exiting the invoice factoring business to avoid potential losses and market risk associated with the economic impact of COVID-19.

AlixPartners is serving as restructuring advisor to Bruin E&P Partners, which received the support of a majority of its debt creditors for a restructuring transaction that will eliminate more than $840 million of funded debt.

Tradewind Finance, in a deal debuting its funding capabilities for another local currency, provided a factoring facility in Hong Kong dollars for a consultancy firm based in Hong Kong that provides financial advisory services to global banks and other financial...

PJT Partners is acting as investment banker and financial advisor and Ankura Consulting Group is acting as restructuring advisor to BJ Services, which voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code.

EY named Kevin Miller and Brendan Miller of Thorofare Capital semifinalists for the Entrepreneur of the Year 2020 Awards in Los Angeles.

SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.

Hudson Resources entered into amendment agreements with Cordiant Capital and Apex Asset Management to extend the maturity date of its $10 million six month bridge loan facility and the interest payments on its senior loan and subordinated loan to July...

California Resources Corporation (CRC) entered into a restructuring support agreement with Ares Management along with holders of approximately 84% of CRC’s 2017 term loans and 51% of CRC’s 2016 term loans.

Joint venture partners Gordon Brothers and Hilco Merchant Resources commenced going-out-of-business sales at 720 Stage Stores locations, including Gordmans and all associated brand stores across the United States.