News

Utica Leaseco completed one transaction totaling $11.3 million. The refinance was secured by machinery and equipment to an agricultural company located in Michigan.

Hornbeck Offshore Services’ joint prepackaged Chapter 11 plan of reorganization was approved by Judge David R. Jones of the United States District Court for the Southern District of Texas.

Diligent introduced Modern Leadership, an initiative to provide senior leaders with the resources, insights, partnerships, and technology they need to further catalyze diversity in their organizations and modernize governance.

Tiger Group, Aaron Equipment, Rosen Systems and Perry Videx sold more than 95% of assets in a recent online auction of bankrupt ECS Refining’s former multi-medium recycling plant in Stockton, CA.

Angel Oak Capital Advisors priced a registered public offering of 4.05 million common shares of the Angel Oak Dynamic Financial Strategies Income Term Trust, a closed-end fund that invests primarily in community bank debt assets and nonbank financials.

Opportune is serving as restructuring advisor to Lilis Energy, which filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the United States Bankruptcy Court for the Southern District of Texas, Houston Division.

Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.

According to data from the American Bankruptcy Institute, 471 small businesses elected to file for bankruptcy relief under the new Subchapter V to Chapter 11 of the Bankruptcy Code since it was enacted.

Northeast Bank entered into a loan purchase and sale agreement with The Loan Source and agreed to sell $457.6 million of loans originated by the bank in connection with the Small Business Administration’s Paycheck Protection Program.

White Oak Global Advisors is dedicating additional resources to deploy capital in senior secured, non-sponsored debt investments in companies that are focused on environmental and social outcomes.